TL;DR
- A Simple Loan lets you borrow against Bitcoin without connecting a browser wallet or creating an account.
- You choose the borrow asset and amount, review the required BTC collateral and LTV, set your refund and destination addresses, then generate the loan.
- Signed-out loans are stored in the current browser. Optional sign-in lets you sync them to your profile, reuse saved addresses, and manage notifications.
- Keep the six-character Loan ID and receipt. They remain reliable ways to find, fund, repay, or recover the loan details later.
Many Bitcoin holders keep their BTC in hardware wallets, cold storage, or setups they do not want to connect directly to a lending app. Liquidium Simple Loans are built for that reality.
A Simple Loan lets you request a supported asset, review the required collateral, enter the addresses for returned collateral and borrowed funds, and fund the loan on-chain. No account or wallet connection is required. If you want your loans and saved addresses available through a Liquidium profile, you can sign in with Internet Identity or a supported wallet.
The examples below focus on borrowing USDT or USDC against Bitcoin. Check the app for the assets and routes currently available.
What is a Simple Loan?
A Simple Loan is Liquidium's one-step, address-based borrowing flow. It separates loan creation from the wallet you use to send collateral.
When you generate a loan, Liquidium creates a dedicated Loan ID and the addresses needed for that position. The loan details include:
- the collateral supply address
- the repayment address
- your collateral refund address
- your borrow destination address
- the requested borrow amount
- LTV and liquidation information
- the available delivery and LTV settings
The Loan ID is a unique six-character code. Save it with the receipt before funding the loan. The app also stores recent loans in your current browser while you are signed out.
Simple Loans work well with hardware wallets, air-gapped setups, exchange accounts, and other tools that can send the collateral asset and receive the borrowed asset. You remain responsible for using compatible addresses on the correct networks.
For the shorter operational version, use the Simple Loan documentation.
Why use the accountless flow?
A browser wallet is useful when you want to interact with an application directly. It is not how every Bitcoin holder manages funds.
You may keep BTC on a hardware wallet, use an air-gapped signing device, or custody it through another service. A Simple Loan lets you keep that setup. You create the loan first, then send BTC to its dedicated supply address from the wallet or account you already use.
The accountless flow removes connection and message-signing steps from loan creation. The loan still carries liquidation, address, and network risk. Check every address, understand the LTV and liquidation threshold, and monitor the loan after it opens.
How Simple Loans work
Open Liquidium and select Simple in the Simple/Advanced selector.
1. Choose what to borrow
Under Borrow, enter the amount you want to receive and select the borrow asset. Under Collateral, select Bitcoin and review the required BTC amount, APY impact, LTV, and network fees.
LTV means loan-to-value ratio. It compares the value of your debt with the value of your collateral. A lower LTV gives the loan more room before liquidation. A higher LTV increases capital efficiency but leaves less room if BTC falls.
Once the values look right, select Borrow.
2. Sign in or continue without an account
Signing in is optional. You can use Internet Identity or a supported wallet, or close the prompt and continue without an account.
While signed out, Liquidium stores recent Simple Loans in the current browser. If you sign in later, loans saved in that browser can be synced to your profile. A signed-in profile also gives you access to saved addresses and profile-level notification settings.
The Loan ID and receipt are still worth saving. Browser data can be cleared, and a receipt gives you the core addresses and terms without relying on a particular device.
3. Add your refund and destination addresses
The refund address is on the collateral chain. Liquidium returns collateral there after full repayment or if the deposit fails to open the loan.
The destination address is on the borrow chain. Liquidium sends the borrowed funds there after the collateral deposit confirms and the loan opens.
Signed-in users can save addresses and reuse them across Simple and Advanced. Use the Save and Addresses controls to build or open the shared address book.
Check the asset, network, and address format before continuing. The refund and destination addresses cannot be changed after the loan is generated. Funds sent to an incompatible or incorrect address may not be recoverable.
4. Generate the Loan ID and receipt
Open Advanced settings if you need to adjust the available loan-delivery or LTV settings. Confirm the addresses, then select Generate loan.
Liquidium creates the six-character Loan ID, supply address, repay address, and receipt. Copy the Loan ID and save the receipt before sending collateral.
The supply address accepts the collateral used to open the loan or add collateral later. The repay address accepts the borrowed asset for partial or full repayment.
5. Send BTC to fund the loan
Select Continue and send the required BTC to the displayed supply address. After the deposit confirms and the loan opens, Liquidium sends the requested USDT or USDC to your destination address.
If the loan cannot open under the accepted terms, the opening flow eventually returns the BTC to your refund address. Check the live status and timing in the app before sending more funds.
What happens if the BTC price moves?
Simple Loans use an exact requested borrow amount. If you request 1,000 USDT and the loan opens, you receive 1,000 USDT.
BTC can move between loan generation and deposit confirmation, which changes the resulting LTV. The app's maximum LTV slippage setting controls how much movement you accept. The default maximum is 5% unless you change it in the available settings.
If the LTV is above the accepted maximum when the deposit is registered, the loan waits for more collateral and does not open under worse terms. If it cannot open, the collateral is returned after the failed opening process.
Liquidium keeps the requested borrow amount exact and blocks the loan from opening outside your accepted LTV range. Use the current settings and status shown in the app.
Manage a Simple Loan
Select Simple, then open Portfolio. The Simple Portfolio shows loans stored in the current browser or synced to your signed-in profile.
When active loans exist, the Portfolio can show total collateral, total borrowed value, and blended LTV. Loans are grouped into states such as Active, Awaiting deposit, and Closed.
Find and reopen a loan
Use Portfolio search or Find a loan. You can search with:
- the six-character Loan ID
- a refund, destination, supply, or repay address
- a related deposit, borrow, or repayment transaction ID
- a compatible saved address when signed in
The Loan ID, saved receipt, and bookmarked loan URL are useful backups if the loan does not appear in the current browser.
Add collateral or repay
Open an active loan and choose Deposit more, or send more BTC to its supply address. Added collateral lowers the loan's LTV after confirmation.
Choose Repay loan, or send the borrowed asset to the repay address. A partial repayment lowers debt and LTV but does not release collateral. Liquidium returns the collateral to the refund address after the full debt has been repaid and processed.
Interest accrues while the debt remains active. Check the current full-repayment amount immediately before sending funds.
For the edge cases around repayments, collateral recovery, and website downtime, read the Simple Loan FAQ.
Set loan notifications
You can enable email notifications without signing in by entering an email address for each loan.
If you are signed in and have activated an email address on your profile, Liquidium uses that address for Simple Loan notifications. You can review or change the email from the individual loan.
Notifications help, but they do not replace checking the loan directly during volatile markets.
Closed loans and history
After full repayment, the loan moves to Closed. Its detail page shows returned collateral and transaction history.
Removing a loan from recent history only removes it from the visible list. It does not delete or close the on-chain loan, and you can still find the loan with its Loan ID or a related address.
Simple Loan vs. Advanced
Liquidium has two borrowing paths. Choose the one that fits how you want to manage collateral and debt.
Choose Simple when you want to:
- create a dedicated loan without signing in or connecting a wallet
- fund the loan from any compatible wallet or account
- manage it through its Loan ID and dedicated supply, repay, refund, and destination addresses
- keep it in the current browser while signed out, with the option to sync it to a profile later
Choose Advanced when you want to:
- sign in with Internet Identity or a supported wallet
- manage supplied balances, borrowing, repayments, and withdrawals from one portfolio
- manage several supplied and borrowed positions together
- use linked accounts and compatible address flows through your profile
See the Quick start overview for the current product paths and Your profile for sign-in, linked accounts, saved addresses, and notification settings.
Borrow against Bitcoin without selling it
Using BTC as collateral can give you stablecoin liquidity while keeping your Bitcoin exposure. The tradeoff is liquidation risk: if BTC falls far enough relative to your debt, the protocol may sell collateral to repay the position.
Choose an LTV that leaves room for price movement, monitor the loan, and have a repayment plan before borrowing. The broader guide to borrowing against Bitcoin covers those decisions in more depth. You can also review Liquidium's current Bitcoin borrowing features.
Create a Simple Loan
Set the terms, verify the addresses, generate the receipt, and fund the loan when you are ready. You can stay accountless or sign in to keep the loan on your profile.
Open Liquidium and select Simple to create a Simple Loan.
FAQs
Do I need an account for a Simple Loan?
No. You can create, fund, and manage a Simple Loan without signing in. Liquidium stores recent signed-out loans in the current browser. Save the Loan ID and receipt as backups.
Can I sign in after creating a loan?
Yes. You can sign in with Internet Identity or a supported wallet. Loans stored in that browser can be synced to your profile, where you can also reuse saved addresses and manage notification settings.
Can I borrow USDT or USDC against Bitcoin without connecting a wallet?
Yes, when those assets and routes are available in the app. Generate the Simple Loan, send BTC to its supply address, and Liquidium sends the requested stablecoin amount to the destination address after the loan opens.
Can I add collateral or make a partial repayment?
Yes. Send more BTC to the loan's supply address to add collateral, or send the borrowed asset to its repay address. Both actions can lower LTV after confirmation. Partial repayment does not release collateral.
When is my Bitcoin collateral returned?
Liquidium returns the BTC to the refund address after the full debt has been repaid and processed. The amount required for full repayment changes as interest accrues, so check the loan immediately before repaying.
What should I save before funding the loan?
Save the receipt and six-character Loan ID. The receipt contains the supply address, repay address, refund destination, borrow destination, and loan settings needed to manage the position later.
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