Top 3 Bitcoin Lending Apps (That Still Work)

Written By Alla Levin
November 08, 2022

Top 3 Bitcoin Lending Apps (That Still Work)

With the rise of Bitcoin and other cryptocurrencies, a new industry has emerged: bitcoin lending. Bitcoin lending can be a lucrative way to earn interest on your bitcoin holdings and can be done using bitcoin lending apps, which we explain in this guide. 

What Are Bitcoin Lending Apps?

Bitcoin lending apps are digital platforms that allow users to borrow and lend bitcoin. 

Bitcoin lending apps provide an accessible avenue to earn interest on your cryptocurrency holdings, making it an exciting addition to your bitcoin investment plan. They can also help you access cash when needed without having to sell your bitcoin. 

However, it’s important to remember that most platforms are still relatively new and untested. As such, doing your research before using any of them is essential.

The most significant risk with bitcoin lending is that the borrower may default on the loan, in which case the lender would lose their investment. However, many platforms have safeguards to protect against this (such as elaborate collateral requirements). Additionally, there is the risk that the lending platform goes bankrupt, at which point you could lose all your deposited funds. 

Many different bitcoin lending apps are available, so it’s important to compare features, rates, and terms before choosing one. We’ve compiled a list to help you choose a bitcoin lending app that works for you.

Bitcoin Lending Apps (That Still Work)

Here are some of the top bitcoin lending apps you could use to earn interest on your coins.


CoinRabbit is a cryptocurrency lending platform that lets customers save bitcoin and earn interest on their savings. They can also use the collateral from these same saved coins to secure loans.

With CoinRabbit, customers don’t need to undergo credit checks or KYC (Know Your Customer) procedures. Loans are given at 50%, 70%, and 80% loan-to-value (LTV) ratios. LTV is the measure of how much a lender will lend compared with the value of the collateral. 

The interest you pay on your loan depends on the amount borrowed and the LTV. It is calculated monthly, with no mandatory term for repayment. Customers can borrow anywhere from $100 to $100 million. When the loan and interest are paid in full, the customer gets back his or her collateral.

CoinRabbit supports 71+ cryptocurrencies, including Bitcoin, Ether, USDT, DASH, Dogecoin, Litecoin, Zcash, etc.


Nexo is one of the oldest and most popular bitcoin lending apps. It offers a simple, convenient, and secure way to get a loan using your bitcoin as collateral. The platform has been operational since April 2018 and has processed over $4 billion in loans. 

To get a loan from Nexo, you deposit your bitcoin into their platform as collateral and choose the loan amount and duration that you want. Nexo will then lend you the requested amount in fiat currency (USD, EUR, etc.) at a competitive interest rate.

Nexo provides fiat and stablecoin loans against crypto held as collateral. Borrowers can take out a loan of between $50 and $25 million with no origination fees, monthly repayments, or any other hidden costs—and at rates starting from 0% to 13.9%. Nexo Booster allows you to borrow up to three times more crypto than needed, with stablecoins covering up to 50% of collateral.

Nexo supports 38+ cryptocurrencies, including BTC and ETH, and stablecoins like USDT. Overall, Nexo is a good option for anyone looking for a fast, easy, and secure way to get a bitcoin-backed loan.


YouHodler is a lending app that allows users to take out loans against their cryptocurrency. The app offers fiat and cryptocurrency loans and loans and supports 50+ cryptocurrencies, including BTC, ETH, LTC, XRP, etc.  

YouHolder offers crypto-backed loans for up to 90% of the value of digital assets. It also allows customers to deposit their cryptocurrency to earn interest rates as high as 10.7%. 

Loans may be given in the form of stable coins or fiat currencies to a bank or credit card.

YouHodler has a simple interface that makes it easy to take out a loan, and the app also offers a variety of other features, such as a portfolio tracker and price alerts. YouHodler is available on iOS and Android.

YouHodler is best for borrowers who want to borrow at a loan term with an unlimited limit and make only one interest payment without making monthly or weekly payments. It is also great for those who want to use their newer tokens as collateral besides bitcoin.


Bitcoin lending apps allow you to earn interest on your bitcoin holdings. However, it’s important to research before signing up for any of these apps, as some are not as reliable and safe as others. 

Be mindful that lending your bitcoin carries risk. So don’t gamble with your bitcoin, and only deposit as much bitcoin as you can afford to lose.  

Instead, make sure to conduct your own research before lending your coins on any platform to ensure you are comfortable with the platforms you are dealing with.  This article was provided by Roselyne Wanjiru, one of Kenya’s leading blockchain consultants, a crypto economist, and a senior writer at Rise Up Media.

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