How does a Litecoin Loan Work?

Litecoin (LTC) was originally developed as a more payments-friendly version of Bitcoin. Unlike its predecessor, LTC tends to support a higher volume of transactions at lower fees. As a result, Litecoin is a great solution for merchants looking to accept cryptocurrency as payment.

Sitting in the top 10 cryptocurrencies by market cap, Litecoin is one of the most popular crypto projects on the market. BlockFi is excited to offer LTC as a collateral option towards a USD loan.

Reasons to Take a Litecoin Loan

Taking out a LTC to USD loan using your Litecoin is an efficient and tax-effective way to use your LTC without having to sell it. For those investors holding a large amount of LTC, you may face situations where you require funding for an investment (such as real estate or diversification) or you may require a business loan. However, you don’t want to sell because you see the value of your Litecoin increasing over time. By using your crypto as collateral towards a USD loan, you can keep your crypto while funding your projects. Cool, right?

Additionally, there are potential tax benefits to taking out a crypto-backed loan. For example, crypto-backed loans do not trigger taxable events, which can increase your tax burden. Additionally, the interest paid on the loan can be written off, helping decrease the amount of taxes you’ll pay during that tax period.

Why Take a LTC to USD Loan with BlockFi?

BlockFi is the largest and most affordable crypto-to-USD lender in the U.S. We service over 45 states with interest rates starting at 8%, the lowest in the industry. For many Litecoin holders, having to sell their investment is a last-case scenario.

Clients receive all of their crypto back to their wallet of choice once the loan is paid off. That means clients keep all the potential increase in value and any forks that may occur during the loan term (as long as they are supported by our custodian). Click here to learn more about how BlockFi client collateral is stored.

Don’t sell your crypto if you don’t have to. BlockFi clients use their funds for anything from limiting their tax exposure, to paying for home renovations, to funding the payroll of their business. There are an infinite amount of reasons why someone may need funding and BlockFi is here to help you reach those financial goals. Click here to learn more about BlockFi’s crypto-backed loans.

How Does a BlockFi Loan Work?

Clients can apply for a BlockFi loan in under 2 minutes. Once submitted, our team will review your application and present you with a decision and LTC loan terms within hours. From there, applicants accept the terms and send their collateral to a unique wallet address. Once we receive your collateral, we wire your USD directly into your bank account.

From beginning to end, clients can go from application to funding in as few as 90 minutes. BlockFi prides itself on being the fastest and most affordable crypto-backed lender in the U.S. And with interest rates starting at 8%, this is a great way to reach your funding goals without having to sell. The overwhelming feedback we’ve received from our client base continues to help us offer the best lending product in the blockchain industry. Check out what our clients are saying.

If you have any questions about BlockFi or how our loans work, please contact us at We love hearing from you.

BlockFi lets you use your Bitcoin, Ether, and Litecoin to do things like buy a home, pay down debt, or even fund your business without having to sell your crypto. Start your application now and get funded in as few as 90 minutes.

How a Bitcoin loan works

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Client Testimonials


As an investor with significant crypto holdings, BlockFi gave me a valuable tool to get capital, at a fair price, without liquidating my crypto holdings. Aside from offering the best price, their approach to secure storage and thoughtful loan to value ratios gave me confidence that they were the right partner to work with for my cryptocurrency needs.


As a long term crypto holder, it’s important to me to be able to leverage my existing capital without selling. Earning monthly interest all in one place has simplified how I use my cryptoassets.


BlockFi makes it fun to be a hodler again.


We have felt strongly that this market needs access to debt beyond fragmented, short term margin trading options in order to reduce volatility, facilitate scale and put the financial infrastructure for this ecosystem on par with other asset classes. We're happy to have BlockFi as part of the Consensys family and see tremendous growth opportunities for their platform.


BlockFi was my first choice when looking to use crypto as collateral for a fiat loan. BlockFi's friendly and professional staff helped make for a very smooth process from start to finish.


It feels great to have my crypto be recognized as a real asset, which can used as collateral. I'm going to be able to immediately pay off a credit card I've been carrying a balance on.


Learn more about earning crypto interest and crypto-backed loans with BlockFi

Apply in less than two minutes.

Fastest Bitcoin and Ether backed loans in the industry.

Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are riot subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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