Receive AUD by borrowing against your Bitcoin, while maintaining your exposure to the Bitcoin price.
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AUSTRAC
Registered Crypto Exchange
Australian
Owned & Operated
410+
Crypto Assets for Trading
4.5/5
Rating on App Store
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How to borrow AUD using your Bitcoin?
Apply and provide crypto security
Once approved, you must provide your crypto security to finalise your loan and access the funds.
Receive your AUD
We’ll deposit the funds to your bank account within 24 hours of finalising your loan.
Monitor and repay your loan
Make flexible repayments or add more Bitcoin anytime to maintain a healthy loan balance.
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Cover life’s expenses Avoid crypto sell-offs
Needing cash used to mean selling your crypto and losing out on potential future growth. Now, crypto-backed loans let you borrow fiat against your digital assets, giving you immediate liquidity today while preserving your portfolio for tomorrow.
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Borrowing made simple
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Rapid approval times
Get your funds fast, deposited into your bank account in as little as 24 hours.
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Australia-based support
Speak directly with our Australian support team for fast, reliable assistance.
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Repay at any time
Flexible repayments. Zero monthly minimums. No early repayment fees.
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Maintain crypto exposure
Free up capital for everyday expenses without cashing out your investments.
Rapid approval times
Get your funds fast, deposited into your bank account in as little as 24 hours.
Australia-based support
Speak directly with our Australian support team for fast, reliable assistance.
Repay at any time
Flexible repayments. Zero monthly minimums. No early repayment fees.
Maintain crypto exposure
Free up capital for everyday expenses without cashing out your investments.
Crypto-backed loans allow you to borrow cash by providing your cryptocurrency as security.
Loan-to-Value Ratio (LVR) is calculated by dividing your total loan balance - inclusive of your principal loan amount plus any fees, including the origination fee - by the total valuation of your security, expressed as a percentage: (Principal loan amount + Any fees) ÷ (Security value) x 100 = LVR%
An origination fee is a one-time cost you pay upfront to the lender and is included in the loan-to-value ratio (LVR) calculation.
You can borrow from $2,000 and up to $100K AUD, depending on the value of your security and lender approval.
Once you’ve accepted your loan agreement and received final approval, you must provide your crypto security to finalise your loan.
Funds will be deposited to your nominated bank account within 24 hours of receiving your crypto security.
Crypto-backed loans are only available to customers with an Australian bank account and personal Swyftx account. Entity account loans will be coming soon (excluding SMSFs).
A comparison rate shows the true cost of a loan by combining the interest rate with upfront and ongoing fees into a single percentage. Ultimately, this rate provides a more realistic understanding of what the loan will actually cost you over its term.
The permitted loan purposes are non-financial investment, home improvement, holiday, car purchase, and purchasing a gift. During your application you'll select the one that best matches the main use of your funds.
A non-financial investment means putting your funds toward an investment that isn't a financial product, for example, physical precious metals (e.g. gold or silver bullion), art, antiques, or collectibles (e.g. fine wine, a classic car held as a collectible), fine jewellery, watches, loose gemstones, and doesn't include buying crypto, shares or other financial products.
Loans are subject to lending criteria. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd (ACN 668 516 952) and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869, Australian Credit Licence 542689) (Block Earner). Swyftx Pty Ltd (ACN 623 556 730) is an authorised credit representative (Credit Representative number 579667) of Block Earner.
Crypto-backed loans may have tax consequences, including capital gains tax. This may include where crypto is provided as security, sold, exchanged, wrapped, unwrapped, or used to repay the loan. Swyftx does not provide tax advice. Consider obtaining independent tax advice before applying.