Lendasat DocsGetting Started
Everything you need to know to start using Lendasat
Lendasat is live! Sign up now:
- Borrowers: borrower.lendasat.com
- Lenders: lender.lendasat.com
Create Your Account
Sign Up
Visit the borrower or lender portal and create your account.
Set Your Password
Your password encrypts all contract and financial interactions - protecting your data even if someone accesses your device.
Save Your Seed Phrase
A seed phrase is generated automatically for account recovery.
Store your seed phrase securely. This is the only way to recover your account. Never share it with anyone.
What You Can Do
Borrow
- Receive stablecoin or fiat loans
- Secured by your Bitcoin collateral
- Multiple disbursement methods including Virtual Cards
Lend
- Earn interest on stablecoins or fiat
- Set your own terms and rates
- Guaranteed yields with Bitcoin-secured protection
Why Lendasat?
Non-Custodial
We never hold your Bitcoin. 2-of-3 multisig keeps you in control.
Market-Driven
Lenders compete on rates - better pricing for borrowers.
No Platform Risk
We provide technology only. Your funds are never at risk from us.
Accessible
Lenders don't need Bitcoin knowledge - just stablecoins or fiat.
Who Provides Loans?
Peer-to-Peer: Loans come from other users, not Lendasat. We just provide the technology.
| Party | Role |
|---|---|
| Borrowers | Hold Bitcoin, need liquidity |
| Lenders | Hold stablecoins/fiat, want yields |
| Lendasat | Provides secure infrastructure |
Collateral Requirements
The Bitcoin you need depends on the LTV (Loan-to-Value) ratio. Typical ratio is approximately 2:1.
Example: Borrowing $1,000
| Item | Amount |
|---|---|
| Principal | $1,000 |
| Interest (6% APR, 1 year) | $60 |
| Total due | $1,060 |
| Required collateral (50% LTV) | $2,120 in BTC |
Fees
Lendasat charges three types of fees depending on the loan lifecycle:
| Fee | Rate | When Charged |
|---|---|---|
| Origination Fee | 1.5% of loan | At repayment or liquidation |
| Liquidation Fee | Up to 5% | Only if collateral is liquidated |
| Renewal Fee | 0.5% of loan | When extending an existing loan |
| Blockchain fees | Variable | Per transaction |
All fees are deducted from your Bitcoin collateral and are transparently disclosed before you confirm any loan.
For detailed information about all fees, including rates, examples, and when they apply, please see our Fee Schedule.
Next Steps
Start Borrowing
Learn how to borrow against Bitcoin
Start Lending
Earn yields on your capital
Contract Terms
Understand LTV, APR, and duration