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Lendasat is a peer-to-peer marketplace that connects borrowers directly with lenders. We are not a bank or a lender ourselves — we provide the technology platform where you can browse loan offers from real individual lenders, choose the terms that work best for you, and borrow against your Bitcoin as collateral. Think of it as a marketplace for loans: lenders compete to offer you the best rates, and you pick the deal you like.

No. Your Bitcoin is locked in a 2-of-3 multisig escrow between you, your lender, and Lendasat as a neutral arbitrator. Both you and the lender must agree on any movement of funds — Lendasat cannot unilaterally move your Bitcoin. When you repay your lender, the smart contract automatically releases your Bitcoin back to your wallet. You maintain control at all times. Read the whitepaper→

You browse loan offers posted by individual lenders on our P2P marketplace and pick the terms that suit you — interest rate, duration, and LTV. Once you accept an offer, you lock your Bitcoin into a secure multisig smart contract with that lender, and you receive cash or stablecoins directly from them. Lendasat facilitates the connection and provides the escrow technology, but the loan is strictly between you and your lender. When you pay back the loan, your Bitcoin is released back to you.

LTV stands for Loan-to-Value ratio. It's the percentage of cash you can borrow against your Bitcoin. For example, with 50% LTV and $10,000 worth of Bitcoin, you can borrow $5,000. Lower LTV means safer loans with less risk.

Total costs: (1) Platform fee: 1.5% one-time fee on the loan amount for using the Lendasat marketplace, and (2) Lender APR: the interest rate set by the individual lender you choose, typically 7-20% yearly. Because lenders compete on our marketplace, you can shop around for the best rate. Example: on a $10,000 loan at 12% APR for 1 year, you pay $150 platform fee upfront plus $1,200 in interest directly to your lender. No hidden fees, no surprises.

Your liquidation price is calculated with this formula: Liquidation Price = (Loan Amount / Collateral in BTC) / 0.90. For example, if you borrow $5,000 with 0.1 BTC as collateral, your liquidation triggers at $55,556 per BTC. We send you real-time email and dashboard alerts at 80% LTV and again at 85% LTV, giving you plenty of time to add more collateral or partially repay.

Most borrowers receive funds directly from their lender within 24-48h after collateral confirmation. Choose how you want to receive it: bank transfer, digital dollars (USDT/USDC), or loaded onto a VISA card.

Yes, you can repay anytime without penalties. However, you will still owe the full interest for the loan duration you originally agreed to. For example, if you chose a 1-year loan at 12% APR but repay after 6 months, you still pay the full year's interest. As soon as you repay, your Bitcoin is released back to you immediately.

It's up to the lender you choose, but very often they're happy to extend your loan. Simply reach out to your lender through our platform before your loan expires to discuss extension terms. Most lenders are open to extending loans for borrowers who have been reliable.

Your Bitcoin is locked in a secure multisig escrow shared between you, your lender, and Lendasat. No single party can move your funds alone. Lendasat acts only as a neutral arbitrator — we cannot touch your Bitcoin. It's automatically released to you when you repay your lender. Think of it as a digital safe that requires multiple keys to open.

You can typically borrow between 5% and 75% of your Bitcoin's value. For example, if you lock up 1 BTC at $100,000 USD price, you can get up to $75,000 in cash. Borrowing less (like 25%) is safer with less risk of losing your Bitcoin if prices drop. Borrowing more (like 75%) gives you more cash but carries higher risk.