Payment Methods

You’ll need to pay the interest on your loan every month and repay the principal within 12 months of the date of your first payment.

You can use the bank account associated with your BTC-Loan account. Because ACH processing takes 3-5 business days, we recommend you pay between the 1st and 10th of each month to avoid a late payment and the sale of your BTC collateral. 

If you’d like to add a new bank account to receive your loan or to make your payments, please be aware that verifying new bank information may take a few days. 

If you have sufficient funds available to cover your monthly loan payment, you can use cash in your BTC-Loan account to make an immediate payment.