Unchained Capital Review

Unchained Capital is a company that offers Bitcoin-backed loans and has many other features. It is based in Austin, Texas and was founded in January 2016 by Dhruv Bansal and Joseph Kelly. Unchained Capital also provides security features such as cold or hardware wallets for Bitcoin.

Unchained Capital offers Bitcoin-backed loans and has a 100% approval rate with no credit check. It offers private instant crypto-backed loans in the USA only and commercial loans worldwide.

Unchained Capital Review

  • Unchained Capital offers Bitcoin-backed loans within the USA only and commercial loans worldwide
  • Loan limit is between $10,000 and $1,000,000 for both personal and business loans
  • The loan term is between 3 and 60 months

Who Can Borrow from Unchained Capital?

Bitcoin-backed loans from Unchained-Capital are a great option for those:

  • Avoiding selling their bitcoin
  • Those who have held Bitcoin for a long time
  • Need to access dollars and have a low tax basis

How Unchained Capital Works

Unchained Capital gives Bitcoin-based loans. This means that if you have Bitcoin, you can use them as collateral to get U.S. dollars loan. Bitcoin-backed loans eliminate the need for credit checks. You also get the long-term gains of holding Bitcoin.

To get a Bitcoin-backed loan from Unchained Capital, you need to open an account, complete onboarding, and then submit an application for review. If you meet the requirements, you will be provided with a loan agreement.

You will also be provided with a Bitcoin address that you will use to deposit Bitcoin collateral. You need to send your Bitcoin to that address sent to you. Once they confirm receipt, Unchained Capital will disburse US dollars to your bank account in the next business day.

Interest payments are due once every month until loan maturity. From the day of account creation, to when the money is deposited in your account, it takes about 2 business days.

How to Apply for Unchained Capital Loans

To apply for Unchained Capital loan, you first need to create an account through the company’s website. You will have to go through the KYC process by providing the necessary documents and information.

Some of the information you need to provide includes your name, email ID, date of birth, social security number, and phone number.

Unchained Capital Features

Unchained Capital offer different services and products. It also comes with excellent features. The following are Unchained Capital features:

Crypto-Backed Loans

The most prominent feature of Unchained Capital is its crypto-backed loans. Unchained Capital offers quick and easy loans. All you need to do is to submit an application, then deposit crypto collateral to the address provided, and you will receive funds in your account the next business day.

Unchained Capital offers the following types of Bitcoin-backed loans.

  • Unchained Capital Personal Loans. Unchained Capital offers personal loans backed by cryptocurrency. These loans do not require credit checks and are best suited for people with poor credit scores. With Unchained Capital loans, users keep 2 or 3 private keys, giving them more control over their crypto assets. You can also create a vault where you can store your collateral and assets. This makes the process of applying for a loan very easy.

  • Unchained Capital Commercial Loans. Unchained Capital offers business loans that support up to 15 members’ joint custody of the asset management system.

Multi-Sig Cold Storage Vaults

The other feature Unchained Capital has is the multi-sig cold storage vault. It means you need at least two signatures to execute a transaction, thereby providing more protection for your funds.

Individuals can store their digital assets in cold storage vaults provided by Unchained Capital. The cold storage vaults are stored offline and are more secure than the online storage.

Bitcoin Trading

You can buy and sell Bitcoin with Unchained Capital. You only need to deposit Bitcoin directly to your Unchained multi-sig vault. Furthermore, you don’t need to go through third parties.

To sell Bitcoin with Unchained Capital, you need to add the bank you want to have U.S. dollars deposited. However, to buy or sell Bitcoin, you need help from Unchained Capital. Also, you need to note that Unchained Capital does not support any other cryptocurrency apart from Bitcoin.

Unchained Capital Loan Rates

Unchained Capital offers competitive rates for its loans. However, there are no fixed interest rates. Interest rates depend on the loan amount and origination fees. The following are Unchained Capital interest rates on loans:

TermInterest RateOrigination FeeAPR

Is Unchained Capital Secure?

Unchained Capital takes security seriously. They use advanced private key architecture, which is more secure than two-factor authentication. Additionally, they have multi-signature cold vaults where you can store your digital assets offline. This extra layer of protection helps safeguard your assets. They also employ measures like multisignature wallets, collaborative custody, hardware security modules (HSMs), and insurance coverage to enhance security further.

Unchained Capital-Supported Countries

Unchained Capital offers private instant crypto-backed loans exclusively in the USA. However, they provide commercial loans globally. If you reside outside the USA and are interested in a loan, you can contact Unchained Capital via email with your loan request details. While lending availability may vary depending on your country, Unchained Capital’s support for international loans is primarily focused on commercial purposes, with a minimum loan amount of $100,000 USD.

Unchained Capital Lending Limits

Unchained Capital comes with lending limits for both personal and commercial loans. The minimum amount you can borrow is $10,000 while the maximum limit is $1,000,000. These limits apply to both individual borrowers and business borrowers. The loan term is between 3 and 60 months.

How Does Unchained Capital Make Money?

Unchained Capital generates revenue through several avenues within its business model. Firstly, they earn income from the interest charged on crypto loans they provide to borrowers. Additionally, Unchained Capital may charge origination fees when issuing loans to cover administrative costs. They also offer collateral management services and may charge fees for managing and safeguarding the collateral assets during the loan term. Revenue can also be generated through the margin or spread between the interest rates charged to borrowers and the interest rates they pay on borrowed funds

Unchained Capital Customer Support

Unchained Capital offers customer support through email; [email protected] and phone: +1 (844) 486-2424. They also offer premium support at a fee of $250 per issue for those who would want their problems solved quickly. You can also sign up for an annual subscription of $2,000 per year.

Unchained Capital Review

If you are a crypto enthusiast residing in the USA, you can get a personal or business loan from Unchained Capital. Unchained Capital offers crypto-backed loans within the USA and commercial loans worldwide. The company also offers multi-sig cold storage vaults where you can store your cryptocurrencies. You can also trade cryptocurrencies on the platform.

What does Unchained Capital do?

Unchained Capital is a Bitcoin financial services company that provides a variety of services, including lending, trading, custody, and bitcoin inheritance solutions.

Is Unchained Capital legit?

Yes, Unchained Capital is a legitimate and reputable company in the cryptocurrency industry. They have been operating since 2016 and have gained recognition as a trusted provider of financial services for Bitcoin users.

How safe is Unchained Capital?

Unchained Capital prioritizes the security of its platform and user funds through measures such as multisignature wallets, collaborative custody, hardware security modules (HSMs), and insurance coverage.

What wallets are supported by Unchained Capital?

Unchained Capital currently supports a range of hardware wallets, including Trezor Model One, Trezor Model T, Ledger Nano S, Ledger Nano S Plus, Ledger Nano X, Coldcard Mk2, Coldcard Mk3, and Coldcard Mk4. However, Unchained Capital does not provide support for software wallets at this time.

What are Unchained Capital loan rates?

Unchained Capital offers competitive loan rates that are determined based on factors such as the loan amount and origination fees. Unlike fixed interest rates, their rates are variable and can vary depending on individual loan circumstances.

Our goal

We want to inform you about the latest banking trends and developments, by providing comprehensive reviews of banks around the world offering virtual banking services and bitcoin based banking.

Our aim is to help you know the best bank accounts, how to open a bank account, best banks to invest and buy bitcoin, how to apply for payment and virtual cards, how to open a non-resident bank account in the US or EU, how to earn a passive income with your crypto, obtain a loan with your crypto deposits, and many other banking-related topics.