Eligibility for a retail loan with BlockFi is dependent on two factors:
- Your location – An up-to-date list of our product availability, including individual and business loans, can be found HERE. If lending is not currently available to you, the “Borrow” tab in your BlockFi dashboard will not be visible.
- The type and amount of cryptocurrency that you own – By utilizing our innovative retail lending product, you can borrow up to 50% of the value of your assets when collateralizing a loan with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), or Paxos Gold (PAXG). In order to unlock the value of your assets without selling and incurring a taxable event, you must post the required amount of collateral towards your loan.
BlockFi loans are based on a loan-to-value ratio. For more information on our lending product please refer to THIS article. If you would like more information on how the loan-to-value ratio is calculated, please refer to THIS article.