Thanks all for the input. It seems no company exists to make a bitcoin collateral loan under $1,000. Oh well.

The issue with selling my Bitcoin is that I don't want to lose my exposure to the coin and miss out on any increase in value and also I don’t want to pay capital gains tax on the gains I made over the past couple years.  

Seems that your account is not set up to receive PMs from other users ranked “Newbie” so I will post my PM here.

Thanks for offering to discuss this loan. I have 2 questions to start:

1. What terms are you offering? I.e. what interest rate? will you charge an origination fee? How long can I keep the money for? Do I need to make regular interest payment, or just repay all at the end?

2. How do you propose we handle the collateral? Would we do a 2-of-3 multisig?


The issue with selling my Bitcoin is that I don't want to lose my exposure to the coin and miss out on any increase in value and also I don’t want to pay capital gains tax on the gains I made over the past couple years. 

Thanks everyone for the feedback.

Perhaps I wasn’t specific enough in my original post – I want to borrow $500USD and would be okay with sending some Bitcoin into an escrow account as collateral. The bigger Bitcoin collateral lending companies seems to want a =or<50% LTV ratio so I would be willing to transfer ~$1,000USD worth of Bitcoin into escrow for collateral.

I understand that that these lending companies would require a bit of personal information from me and I’m okay with that. The trick is finding a company that will do a loan for as little as $500USD because most seems to have high minimums than the amount I want to borrow.
I also understanding that a payday loan is an option to get $500USD, but I have Bitcoin available to use as collateral so I would assume that I could get a better interest rate doing a Bitcoin collateral loan as opposed to a pay day loan.

So with the being said, does anyone know of a company that could accommodate me?
Also, what interest rate do you think would be reasonable for the type of loan I’m looking for?

So lenders don’t offer loans under $500 only because this won’t be profitable for them?

I would like to borrow ~$500 USD using my Bitcoin as collateral but can't find a company that will make a bitcoin collateral loan for less than $1,000.

https://blockfi.com/ minimum is $2,000
https://saltlending.com/ minimum is $5,000
https://www.unchained-capital.com/ minimum is $10,000
https://nexo.io/ minimum is $1,000
https://www.cryptocredex.com/ minimum $1,000 (website looks super sketchy)

Can anyone recommend a company that will lend only $500?