Borrowing Archives - Wise Canadian https://wisecanadian.ca/category/money/borrowing/ Your Trusted Guide to Canada's Best Businesses Tue, 20 Jan 2026 23:13:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/wisecanadian.ca/wp-content/uploads/2023/10/Untitled-design-8.png?fit=32%2C19&ssl=1 Borrowing Archives - Wise Canadian https://wisecanadian.ca/category/money/borrowing/ 32 32 228024465 Best Crypto-Backed Loan Platforms in Canada [2025] https://wisecanadian.ca/best-crypto-backed-loan-platforms-in-canada/ Tue, 20 Jan 2026 23:13:20 +0000 https://wisecanadian.ca/?p=10987 Need cash but don’t want to sell your Bitcoin or other crypto? You’re not alone. More and more Canadians are turning to crypto-backed loan platforms as a way to unlock quick funding without giving up their investments. The idea is simple: use your crypto as collateral, get access to cash, and still hold on to […]

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Need cash but don’t want to sell your Bitcoin or other crypto? You’re not alone. More and more Canadians are turning to crypto-backed loan platforms as a way to unlock quick funding without giving up their investments. The idea is simple: use your crypto as collateral, get access to cash, and still hold on to your assets for the long run. In this article, we’ll walk you through some of the best crypto loan platforms available in Canada, comparing their rates, security, and features so you can find the option that fits your needs.

Security & Regulation – How well does the platform protect your assets, and is it properly licensed to operate in Canada?
Loan Terms & Rates – From APRs to fees, we look at how affordable and flexible each loan really is.
Collateral Options – Which cryptocurrencies can you use as collateral, and what’s the minimum you need to deposit?
User Experience – Is the platform easy to navigate, quick to fund, and backed by reliable customer support?

APX Lending

Photo Credit: Google

Contact APX Lending

About APX Lending:

 

APX Lending is a CSA-approved crypto-backed lending platform serving clients in Canada and the U.S. It allows borrowers to unlock cash without selling their Bitcoin or other digital assets, combining fast approvals with no credit checks.

Key Features

  • Competitive rates and high loan-to-value (LTV) ratios
  • Assets secured in insured cold wallets
  • No credit checks required for approval
  • Available to both Canadian and U.S. clients


Why It Stands Out
APX Lending emphasizes compliance and transparency, giving borrowers peace of mind that their funds are safe. Its mix of speed, security, and regulation makes it a trusted choice for those seeking a straightforward borrowing experience.

 

Website:

https://www.apxlending.com/

Phone Number:

+18884514519

Address: 

18 King Street East, Suite 1400, Toronto, Ontario, M5C 1C4, Canada

Review Source Rating

Trustpilot

 4.4 

Criteria

Rating

Reason

Qualifications & Credentials

5.0

APX Lending is CSA-approved and fully compliant, giving borrowers confidence their assets are protected.

Experience

4.5

With 3 years in the crypto-backed lending space, APX has proven itself, though it’s still younger than some global competitors.

Specialization

5.0

APX focuses exclusively on secure, regulated crypto-backed loans, allowing clients to borrow cash without selling their assets.

Availability

4.8

Services are open to clients in Canada and the United States, though not yet available worldwide.

Location

4.7

Headquartered in downtown Toronto, with strong ties to Canada’s financial sector, though location isn’t a deciding factor for all borrowers.

Customer Satisfaction

4.8

Borrowers highlight transparent terms, fast approvals, secure storage, and responsive support, earning APX strong reviews.

Overall Rating

4.8

  

Nexo

Photo Credit: Google

Contact Nexo

About Nexo:

Nexo is one of the most established crypto-backed lending platforms, giving Canadians access to instant loans without the need to sell their crypto. It supports a wide range of digital assets as collateral and offers flexible borrowing options.

Key Features

  • Supports multiple cryptocurrencies for collateral
  • Competitive interest rates with flexible repayment terms
  • Advanced security protocols and regulatory compliance
  • Intuitive, user-friendly platform and mobile app

Why It Stands Out
With its long track record, wide crypto support, and easy-to-use platform, Nexo has built a reputation as a reliable option for borrowers worldwide. For Canadians, it offers both convenience and peace of mind when borrowing against digital assets.

Website:

https://nexo.com/
 

Review Source Rating
Trustpilot 4.5

Criteria

Rating

Reason

Qualifications & Credentials

5.0

Nexo holds strong global credentials, with licensing and compliance measures that support its credibility in the crypto-finance sector.

Experience

4.8

Founded in 2018, Nexo has over 7 years of experience serving global clients in crypto lending, though regulatory challenges have limited Canadian availability.

Specialization

4.8

Nexo specializes in crypto-backed loans, interest-earning accounts, exchange services, and secure asset management for retail and institutional clients.

Availability

4.5

Nexo operates in 200+ jurisdictions worldwide, but Canadian users currently face restrictions due to regulatory changes.

Location

4.7

Headquartered in London, Nexo operates internationally with a strong presence in global financial hubs.

Customer Satisfaction

4.7

Nexo is well-regarded for secure loans, competitive rates, and ease of use, though user reviews vary depending on region and product availability.

Overall Rating

4.7

 
   

⁠SALT Lending

Photo Credit: Google Maps

Contact ⁠SALT Lending

About ⁠SALT Lending:

SALT Lending is a well-known platform that lets users unlock cash by using cryptocurrency as collateral. With quick approvals and flexible loan terms, it helps borrowers access liquidity without selling their digital assets.

Key Features

  • Supports multiple cryptocurrencies for collateral
  • Flexible loan terms and competitive interest rates
  • Quick approval process for fast access to funds
  • Strong security measures and regulatory compliance

Why It Stands Out
SALT Lending has earned trust by serving both individuals and businesses looking for crypto-backed financing. Its flexibility and range of supported assets give borrowers more control over how they use their crypto.

Website:

https://saltlending.com/

Phone number: 

+18009311259

Address: 

600 17th Street, Suite 2800 South, Denver, CO 80202, USA

Hours of Operation: 

  • Monday – Friday: 9:00 AM – 5:00 PM
  • Saturday and Sunday: Closed

Review Source Rating
Trustpilot 4.7

Criteria

Rating

Reason

Qualifications & Credentials

4.8

SALT Lending is a recognized name in the crypto-lending industry with proper licensing and compliance practices, supporting its credibility.

Experience

4.9

Founded in 2016, SALT has nearly 9 years of experience providing crypto-backed loans, making it one of the earlier entrants in the space.

Specialization

4.6

SALT focuses primarily on crypto-backed lending solutions. While strong in its niche, its offerings are narrower compared to platforms with broader services like trading or savings accounts.

Availability

4.6

SALT Lending serves clients in multiple regions including the U.S., Canada, and parts of Europe, though availability is not fully global.

Location

4.5

SALT Lending is headquartered in Denver, Colorado, giving it a strong base in the U.S. fintech hub, though it does not maintain Canadian offices.

Customer Satisfaction

4.7

Customers value SALT’s straightforward loan process and secure practices, though some note limitations in services compared to larger platforms.

Overall Rating

4.7

  
   

Ledn

Photo Credit: Google Maps

Contact Ledn Inc.

About Ledn Inc.:

Ledn is a Canadian-based digital asset platform offering crypto-backed loans, savings accounts, and trading services. Clients can borrow against Bitcoin and USDC without selling, while also taking advantage of its additional financial products.

Key Features

  • Crypto-backed loans with Bitcoin and USDC
  • Savings accounts and trading services for digital assets
  • Competitive interest rates and transparent terms
  • Strong security protocols and global accessibility

Why It Stands Out
Ledn combines lending with other crypto-financial services, making it more versatile than many single-focus platforms. Its 24/7 availability and Canadian roots make it especially appealing for Canadian borrowers.

Website:

https://www.ledn.io/

Phone number: 

+13074877210

Address: 

30 Adelaide St E, Toronto, Ontario M5C 3G8, Canada

Hours of Operation: 

  • Open 24 hours

Testimonials

I have used Ledn since June 2021. Their weekly newsletter is one of the best in the industry. The platform is not as flashy as others but it is secure (2FA), easy to set up, and I have not had any issues or problems.
Matthew Friar Client of Ledn Inc.
Review Source Rating
Google Reviews

4.1 (27)
Trustpilot

4.7 

Criteria

Rating

Reason
Qualifications & Credentials 4.8 Ledn is a registered Canadian company and complies with local financial regulations, adding credibility to its crypto-backed services.
Experience 4.8 Founded in 2018, Ledn has about 7 years of experience in crypto-backed financial services, steadily expanding its client base in Canada and worldwide.
Specialization 4.6 Ledn focuses on crypto-backed loans with Bitcoin and USDC, while also offering savings accounts and digital asset trading. Its offerings are strong but narrower than some global competitors.
Availability 4.6 Ledn operates in 100+ countries, including Canada. Some services may face restrictions depending on region or jurisdiction.
Location 4.7 Headquartered in Toronto’s Financial District, Ledn benefits from Canada’s regulatory environment and proximity to major financial institutions.
Customer Satisfaction 4.6 Ledn generally receives positive reviews for transparent terms and ease of use, though some users note platform limitations. On Google Maps, it holds a 4.1 rating (27 reviews).
Overall Rating 4.7  
   

Arch Lending

Photo Credit: Google Maps

Contact Arch Lending

About Arch Lending:

Arch Lending specializes in crypto-backed loans with clear, transparent terms and no hidden fees. The platform helps clients access funds quickly while keeping their digital assets intact.

Key Features

  • Competitive rates with flexible repayment options
  • Transparent loan terms without hidden charges
  • Strong security measures to protect client assets
  • Services available for both individuals and businesses

Why It Stands Out
Arch Lending focuses on transparency and efficiency, making it easy for borrowers to understand their loan terms and access cash without unnecessary hurdles. Its blend of security and flexibility appeals to a wide range of crypto holders.

Website:

https://archlending.com/

Phone number: 

+18552724670

Address: 

595 Broadway, Floor 4, New York, NY 10012

Hours of Operation: 

  • Monday – Friday: 9:00 AM – 7:00 PM
  • Saturday and Sunday: 10:00 AM – 5:00 PM

Review Source Rating
Trustpilot 4.9
Criteria Rating Reason
Qualifications & Credentials 4.5 Arch Lending (operating as ChainFi, Inc.) is a licensed provider of crypto-backed lending services in the U.S., though still building broader regulatory recognition.
Experience 4.4 Founded in 2022, Arch Lending has about 3 years of experience in crypto lending. While relatively new, it has grown quickly with positive early adoption.
Specialization 4.5 The company focuses on crypto-backed loans using Bitcoin, Ethereum, and Solana as collateral. Its niche is lending, without additional services like savings or trading.
Availability 4.6 Arch Lending offers loans to clients in 33 U.S. states and territories, as well as some international markets. Services are not yet available in the EU or UK.
Location 4.4 Headquartered in New York City at 595 Broadway, Arch Lending operates from a major U.S. financial and tech hub, but does not maintain international offices.
Customer Satisfaction 4.9 Arch Lending receives strong feedback for speed, ease of use, and responsive support. On Trustpilot, it holds a 4.9/5 rating, though the total number of reviews is still limited.
Overall Rating 4.5  
   

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