We have performed extensive risk modeling and determined that our LTVs were sufficiently conservative — in order to have a limited number of expected trigger events and provide our clients with breathing room in the event of market volatility. The LTV ratios protect you and us. Learn more about how LTVs work.

There is no penalty for early repayment, so if you payoff early the remaining interest is forgiven. Once your loan is paid off, collateral is released to your preferred address. Learn more about how prepayment works.

If the value of your coins significantly increase then they are kept in storage until the loan is paid. If your coins significantly decrease then that sets off a trigger event, and you will have to add more collateral to your account to maintain a minimum LTV ratio. You can use the value of your cryptoassets stored with ICCL to make principal and interest payments at anytime. We plan to add the ability to draw more USD funds in the event of price appreciation over time. Learn more about what happens to your collateral with price fluctuations.

A trigger event happens when the value of your collateral drops and thus increases the LTV of your loan. The first trigger event occurs at a 70% LTV, which would require a 50% drop from the price at loan initiation. At this point, you have 72 hours to take action by positing additional collateral or paying down the loan balance. We will keep you informed if your LTV starts to near the 70% mark so you can take action preemptively.

1. Create an account at https://app.iccl.io/signup
2. Click on the Loan tab
3. Click Apply and fill out the application.
4. You will receive a decision from our team in less than 24 hours
5. Review your loan offer and sign the loan agreement
6. Transfer collateral to ICCL’s secure storage wallet
7. Receive your loan the same day in USD via a wire to your bank account or stablecoin to your wallet address of choice.
8. Make interest only payments monthly using USD, BTC, ETH or LTC
9. Pay off the principal in one payment at the end of the term or refinance at current rates

No, ICCL does not do a hard or soft pull on your credit score so there is no impact for applying. Learn more about how ICCL affects client credit scores.

ICCL offers financial products designed to help cryptocurrency holders to do more with their digital assets. The company currently services clients worldwide, including 47 U.S. states, with interest earning accounts and low cost USD loans backed by crypto. ICCL is the only independent lender with institutional backing from investors that include Galaxy Digital, Susquehanna, Akuna Capital, Fidelity, Recruit Strategic Partners, ConsenSys Ventures, SoFi, Coinbase Ventures, CMT Digital and Morgan Creek Digital.

ICCL offers institutional-quality financial services to crypto investors. Everything from our client services to our products are based on tried and tested policies to provide a superior experience for our clients.

The ICCL Interest Account provides clients with the ability to earn more crypto while holding for long-term investments. Interest is paid monthly and compounds. This significantly increases the potential earnings of long-term account holders.

A loan from ICCL enables you to use your cryptoassets as collateral and receive USD to your bank account. Borrowing against your cryptoassets enables you to receive liquidity now but does not trigger a capital gains tax event and, depending on the use of funds, the interest may be deductible against capital gains and other investment income.

ICCL does not provide financial or tax advice and you should consider your financial situation and seek appropriate financial and tax advice before deciding to use our services.

We offer the best rates, most flexible structures and highest degree of security available in the blockchain lending ecosystem. Additionally, we operate within regulatory guidelines at the federal and state level in the United States.

The ICCL team team has decades of experience in consumer lending and financial services. We are the only independent lender with institutional backing from investors that include Galaxy Digital, Susquehanna, Akuna Capital, Fidelity, Recruit Strategic Partners, ConsenSys Ventures, SoFi, Coinbase Ventures, CMT Digital and Morgan Creek Digital. Learn more about our investors.