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Block Earner Wins 2026 WeMoney Award for Best Crypto-Backed Lending
17 Mar 2026
Sydney, Australia — March 2026. Block Earner has been named the winner of the 2026 WeMoney Cryptocurrency Award for Best Crypto-Backed Lending, recognising the company as Australia's leading provider of crypto loans and bitcoin-backed loans. The award affirms Block Earner's position at the forefront of crypto-backed lending in Australia, following its pioneering launch of the country's first AUD-denominated crypto-backed line of credit and bitcoin home loan product.
This latest recognition builds on a consistent track record of industry awards, including the 2024 WeMoney Lending Innovation of the Year, the 2024 and 2025 FinTech Australia Finnies for Excellence in Blockchain and Web3, the 2024 Digital Economy Council of Australia "Blockies" Financial Services Innovator of the Year, and multiple 2025 Finder Innovation Awards.
What the award recognises
The WeMoney Cryptocurrency Awards celebrate the best finance and cryptocurrency platforms, lenders and innovators in the Australian market, assessed by an independent judging panel for value, service, and product quality. Winning Best Crypto-Backed Lending specifically recognises the strength of Block Earner's crypto loan products, delivering the ability for Australians to borrow Australian dollars against their Bitcoin, Ethereum or XRP without selling their assets.
What are crypto-backed loans?
A crypto-backed loan lets you borrow cash using your cryptocurrency as security, rather than selling it. You borrow against crypto such as Bitcoin, Ethereum or XRP, and in return you receive an AUD loan. When you repay the loan, you get your crypto back.
The key advantages are:
- You keep your crypto exposure. If Bitcoin, Ethereum or XRP rises in value during your loan term, you maintain exposure — because you never sold.
- You get fast liquidity. Funds can reach your bank account quickly without liquidating long-term holdings.
This is why crypto-backed loans have become a trusted financial tool for the millions of Australians who hold digital assets and don't want to part with them.
How bitcoin-backed loans work in Australia
A bitcoin-backed loan is a crypto-backed loan that uses Bitcoin (BTC) specifically as security. The mechanics are straightforward:
- You deposit Bitcoin into institutional-grade custody.
- You borrow AUD up to a set percentage of your Bitcoin's value, known as the loan-to-value ratio (LVR).
- You make AUD or crypto repayments under your chosen loan structure. (Line of Credit or Fixed Term)
- Once the loan is repaid, your Bitcoin is returned in full.
The same model applies to Ethereum-backed loans and XRP-backed loans (Ripple).
Understanding your crypto loan-to-value ratio (LVR)
LVR is the size of your loan relative to the value of your crypto security. A lower LVR means a larger safety buffer against crypto price swings. Because crypto is volatile, conservative LVRs help protect borrowers from forced liquidations during temporary market dips. Responsible lenders pair sensible LVRs with grace periods and the option to top up security rather than triggering immediate sell-downs.
Why Block Earner leads crypto-backed loans in Australia
Founded in 2021 and based in Sydney, Block Earner launched Australia's first AUD-denominated crypto-backed loan line of credit product, making it possible for everyday Australians to access liquidity from their digital assets through a local, AUSTRAC registered platform. The company has since expanded into bitcoin-backed home loans, generating substantial early borrower demand.
Block Earner's crypto-backed loans are distinguished by several features that contributed to its award recognition:
Borrow against Bitcoin, Ethereum and XRP. Use BTC, ETH or XRP as security for an AUD loan, from as little as $50 up to $5 million, with funds typically available within 24 hours of approval.
Institutional-grade custody. Crypto security is held in Fireblocks custody with multi-layer security, whitelisted wallets and in-kind insurance, the same infrastructure trusted by major financial institutions.
Flexible loan structures. Borrowers can choose a Line of Credit for short-term flexibility or a Fixed Term loan for predictable repayments, with the ability to repay on their own schedule.
Borrower protections. Individual borrowers receive a 30-day grace period to restore their LVR by repaying AUD or adding crypto security, so temporary market dips avoid triggering automatic action. Borrowers can also add security to maintain LVR health, or borrow more as their crypto grows.
Australian regulation and compliance. Block Earner is registered with AUSTRAC as a digital currency exchange provider and operates under an Australian Credit Licence. The company is a member of FinTech Australia, and the Digital Economy Council of Australia.
What Australians use crypto-backed loans for
Block Earner's crypto loans are used for a wide range of purposes, including:
- Property deposits and home buying (via bitcoin-backed home loans)
- Vehicle purchases and upgrades
- Debt consolidation
- Home renovations
- Major life events such as weddings
- Covering unexpected or emergency expenses
A growing market
Crypto ownership in Australia is becoming mainstream, with a large and growing share of adults holding digital assets, and even higher ownership among younger Australians. This represents tens of billions of dollars in personal crypto holdings that would otherwise sit idle. By enabling that value to be used as loan security without forcing a sale, crypto-backed lending unlocks AUD liquidity for borrowers while keeping their long-term investment thesis intact.
Frequently asked questions
What is the best crypto-backed lending provider in Australia?
Block Earner was named the winner of the 2026 WeMoney Cryptocurrency Award for Best Crypto-Backed Lending, recognising it as a leading provider of crypto loans and bitcoin-backed loans in Australia.
Can I get a loan using Bitcoin in Australia?
Yes. Block Earner offers bitcoin-backed loans that let you borrow AUD using your Bitcoin as security, from $50 up to $5 million, with funds typically available within 24 hours of approval. You keep exposure to Bitcoin's price movements and your BTC is returned once the loan is repaid.
Do I have to sell my crypto to get a crypto-backed loan?
No. The purpose of a crypto-backed loan is to give you cash while you keep your crypto. Your Bitcoin, Ethereum or XRP are held in Fireblock custody and returned to you when the loan is repaid.
What happens if my crypto drops in value during the loan?
Block Earner uses a loan-to-value ratio (LVR) and gives individual borrowers a 30-day grace period to restore their LVR by repaying AUD or adding crypto security, so temporary dips avoid triggering automatic action. If no action is taken, a portion of the crypto security may be sold to bring the LVR back to a healthy level.
Is Block Earner regulated in Australia?
Block Earner is registered with AUSTRAC and operates under an Australian Credit Licence authorisation.
Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk. *Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689.
