Borrow AUD, keep your crypto

Independent Reserve customers with a personal or business account are eligible to apply. Trusts and SMSFs are not eligible for the loan products.

Yes. Block Earner is registered with AUSTRAC, holds an Australian Credit License from ASIC and is a member of DECA and FinTech Australia. 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) under Australian Credit License 542689.

A crypto-backed loan is a type of secured loan where cryptocurrency assets are used as security to borrow fiat currency. This allows crypto holders to access liquidity without selling their digital assets.

Block Earner accepts Bitcoin, Ethereum and XRP as security.

A line of credit (up to 12 months) is designed for short-term, flexible borrowing with no monthly minimum repayments, no lock-ins, and no early repayment fees.

A fixed-term loan is available for 3 or 5 years. It is a mid to long-term lending solution with predictable monthly repayments, no lock-ins, and no early repayment fees.

LVR is expressed as a percentage that compares the amount you are borrowing to the lender-assessed value of the asset.

For example, Block Earner offers up to 50% LVR on a line of credit. If you had $100,000 AUD worth of Bitcoin as collateral, with a maximum LVR of 50%, your borrowing capacity would be up to $50,000.

Current Block Earner LVR offerings include:

• Line of credit is up to 50%.
• Fixed-term loans are up to 50%.

No, your crypto security cannot be accessed; however, you can pay down the loan using the security. All loan options have no lock-ins or early repayment fees.

If the price of your crypto declines, your LVR will increase. If the LVR reaches a critical level, you will be asked to provide additional collateral to reduce it.

Line of credit: No monthly repayments are required. Loan repayments can be made at any time, and are due at the end of your 12-month loan term.

Fixed term: Monthly repayments are required.

The line of credit loan term is up to 12 months. The fixed-term loan terms are 3 or 5 years.

Block Earner can lend between $50 and $5 million AUD, depending on the loan type.

The minimum loan amount for a fixed-term loan is $3,000.

The minimum loan amount for a line of credit is $50.

Interest is calculated daily, compounded monthly.

You can close your loan at any time. To close a loan, you will need to repay the principal, interest and fees with AUD or your crypto security.