LAS VEGAS — With rates as low as 7.99%, Aven has launched a bitcoin-backed credit card that allows users to borrow against their digital assets without selling them, a move that reflects the growing intersection of cryptocurrency and consumer finance, according to a new report.
The Aven Bitcoin Visa Card, unveiled at the Bitcoin Conference 2026 in Las Vegas, offers a credit line of up to $1 million secured by bitcoin collateral, Bitcoin Magazine reported. The product is aimed at long-term bitcoin holders seeking liquidity without triggering taxable events tied to asset sales.
According to Bitcoin Magazine, the card combines a revolving credit line with fixed-term loan options, with repayment periods of up to 10 years. Interest rates for both structures start at 7.99% APR, which Aven said is below typical rates in the bitcoin-backed lending market.
‘10x Industry Standard’
“The industry norm for borrowing at fixed rates against bitcoin is a one-year term. At Aven, we have 10X the industry standard, unlocking a wide variety of use cases previously not feasible,” Aven’s Sisun Lee said at the conference, as reported by Bitcoin Magazine.
Borrowers pledge bitcoin through custody services provided by BitGo Inc. and BitGo Bank & Trust, a federally regulated digital asset trust bank, while card issuance is handled by Coastal Community Bank under a Visa network license, according to Bitcoin Magazine.
The product carries no annual or origination fees and offers 2% cash back on purchases. It also includes an interest-only repayment option of up to five years, a feature that Bitcoin Magazine said is uncommon among bitcoin-backed loan providers.
Ongoing Expansion
Bitcoin-backed lending has expanded alongside broader digital asset adoption but has drawn scrutiny over risk management and collateral volatility, Bitcoin Magazine reported. Longer-term, fixed-rate structures such as Aven’s may appeal to borrowers seeking more predictable repayment schedules compared with margin-style loans that can face liquidation risk during price swings.
Aven, founded in 2019, focuses on asset-backed lending products designed to lower borrowing costs and said its platform has saved customers more than $300 million in interest payments through March 2026, according to Bitcoin Magazine.
