Debifi Review
Non-custodial Bitcoin-backed loans with true multisig escrow—borrow stablecoins or fiat without giving up your keys.
Why We Recommend Debifi
Debifi stands out in the Bitcoin lending space by solving the fundamental trust problem: you never surrender custody of your collateral. The platform uses a robust multisig escrow system (3-of-4 keys for stablecoin/fiat loans, 2-of-3 for card loans) where your Bitcoin remains secured on-chain rather than sitting in a company wallet. This architecture eliminates rehypothecation risk—your coins can't be lent out or gambled with behind the scenes. Zone21's independent safety audit ranked Debifi second overall specifically for its multisig innovation and transparency, with open-source key generation adding another layer of verifiability.
The security model is thoughtfully designed with multiple safeguards. Private keys are generated and stored exclusively on your device, with 2FA and PIN protection for app access. For loans exceeding $300,000, the platform requires hardware wallet integration with COLDCARD or TAPSIGNER, ensuring high-value collateral gets hardware-grade protection. Authorized Key Holders like AnchorWatch and Hodling SA serve as trusted third parties in the multisig arrangement, and an escrow extractor tool exists for manual fund release if needed. The peer-to-peer structure means you're borrowing directly from institutional lenders rather than from a platform that could face insolvency.
Best For
HODLers and high-net-worth Bitcoiners who need liquidity but refuse to sell their stack will find Debifi's non-custodial approach particularly compelling. If you've accumulated significant Bitcoin and need cash for a down payment, business expansion, or tax obligations, borrowing against your holdings lets you maintain exposure to future price appreciation. The flexible terms up to 5 years and LTV options from 30-70% give you room to structure loans that match your specific situation and risk tolerance.
Institutional borrowers and businesses represent another core audience. The platform aggregates global lenders, enabling competitive rates starting at 9% APR while maintaining the security standards enterprises require. Multi-currency support (USDT, USDC, USD, EUR, GBP, CHF, and more) across various chains provides operational flexibility for treasury management. Loans scale to $1M+ for organizations with substantial collateral needs.
Lenders seeking yield on capital can also participate, earning returns on overcollateralized loans without taking on the platform risk typical of centralized lending services. The institutional focus and Bitcoin-only collateral policy creates a cleaner risk profile than multi-asset platforms where exotic tokens might back loans.
Services & Features
Considerations
The mobile app is mandatory for key management and signing—desktop-only users will find this limiting. Minimum loan amounts start at $5,000 for stablecoin/fiat (excluding micro-borrowers), and some lenders require KYC. Liquidation triggers at 90% LTV during sharp Bitcoin price drops remain a risk inherent to any collateralized lending.
