CRYPTO LINE OF CREDIT
Unlock Liquidity.
Keep Your Crypto.
Borrow against your crypto portfolio with no origination fee and 8.99% APR. Access cash without selling your assets and triggering a taxable event.*
For illustrative purposes only. Does not reflect actual account activity or market data.
*Variable annual percentage rate (APR) subject to change with 30 day notice, APR in select states may be lower.
Collateral remains subject to market fluctuations and liquidation risk. Borrowing is generally not a taxable event. Consult your tax advisor.
When you need cash, you have options.
GalaxyOne’s Crypto Portfolio Line of Credit allows you to borrow cash against the crypto you already own. By accessing liquidity without selling, you maintain the potential upside.
Asset-backed borrowing has traditionally been more common among the ultra wealthy. Now with GalaxyOne, backed by Galaxy Digital (Nasdaq: GLXY), eligible clients can access the power of borrowing against their crypto.
Features
Many assets, one line of credit
Your BTC, ETH, and SOL back a single revolving line of credit, instead of a separate loan for each asset. Your combined holdings give you more borrowing power from the portfolio you already have. Staked SOL can continue to generate rewards while backing your credit line.
Flexible terms with lower costs
Access an open-term revolving line with no origination fee, interest-only monthly payments, and rates as low as 8.99% APR.*
Rapid funding to keep you moving
Once your line is open, funding is fast and within minutes in most cases.** You may use the funds on the GalaxyOne platform, or you can choose to withdraw either via USD or USDC.
Backed by Galaxy Digital, not a DeFi protocol
You borrow through a product backed by Galaxy Digital, not a DeFi protocol. Your collateral is not rehypothecated, and therefore not lent out or reused while it backs your line.
*Variable annual percentage rate (APR) subject to change with 30 day notice, APR in select states may be lower. **In rare cases where instant funding is unavailable, your draw will be funded within 1 to 2 business days
For illustrative purposes only. Does not reflect actual account activity or market data.
How much cash will your portfolio
unlock?
How It Works
1
Start Your Application
Apply using the eligible crypto you hold on GalaxyOne.
2
Choose Amount
See your estimated credit limit and choose the amount you want to borrow, up to your available credit.
3
Receive Your Funds
Your funds are deposited into your GalaxyOne Cash account, ready to use whenever you need them, on or off GalaxyOne.
4
Manage Your Loan
Track your balance, your loan health, and your available credit in one place. Draw more, repay, or add collateral anytime.
Your questions, answered
Clarity, upfront
Who is eligible to open a Crypto Line of Credit?
To be eligible, you must:
Be a GalaxyOne customer residing in a state where we currently offer the Crypto Line of Credit
Hold eligible crypto assets (BTC, ETH, SOL, or staked SOL) in your GalaxyOne wallet or staking account with a total value that meets the minimum loan size for your state
Note: Minimum loan sizes vary by state. For most states the minimum is $10,000, but some states have higher minimums. Your estimated credit limit is shown on the application page. No credit check is required.
How do I receive my funds?
All draw funds are deposited directly into your GalaxyOne Cash account. From there, you can transfer to an external bank account or use the funds as you normally would.
Which states is GalaxyOne Crypto Line of Credit available in?
The Crypto Portfolio Line of Credit is currently available to customers in 41 US states and territories including AL, AK, AZ, AR, CO, CT, DC, FL, GA, HI, IL, IA, KS, KY, LA, ME, MD, MA, MI, MN, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, WY.
If your state is not listed, GalaxyOne Crypto Line of Credit is not available to you at this time. Availability subject to change.
How is my credit limit calculated?
Your credit limit is calculated as 50% of the total USD value of your eligible collateral assets at the time of application. This is known as your origination Loan-to-Value (LTV) ratio.
Your credit limit is refreshed every 60 seconds based on real-time asset prices, so it may fluctuate as market prices change. The maximum credit limit is $2,000,000 regardless of collateral value.
What is the interest rate?
GalaxyOne Crypto Portfolio Line of Credit has an 8.99% annual percentage rate (APR). APR is variable and subject to change with 30 day notice. APR in select states may be lower. Your specific APR is shown on the application screen and in your loan agreement. There are no origination fees or hidden charges.
Are there any fees?
There are no origination fees. You pay only the interest on your outstanding balance. Standard trading fees apply if you choose to sell collateral to make a payment.
Standard trading fees apply to the liquidation of your collateral assets. For liquidation of staked assets, a 1% instant unstaking fee is also applied, calculated as 1% of the total quantity of unstaked assets liquidated. There are no additional liquidation fees charged by GalaxyOne.
How does repayment work?
GalaxyOne Crypto Line of Credit is an open-term revolving credit line with no fixed maturity date. You can borrow, repay, and borrow again for as long as your account remains in good standing and you maintain sufficient collateral. Your monthly statement is generated on the 1st of each month, and the minimum payment (monthly interest only) is automatically collected via autopay on the 1st of the month.
What happens to my crypto once I open a Crypto Line of Credit?
Your crypto stays in your GalaxyOne Crypto account. It is not moved or transferred. Instead, a restriction is placed on a portion of your eligible assets equal to 2x your outstanding loan balance. This means that portion of your crypto cannot be traded or withdrawn until you pay down your loan.
What happens if my collateral value changes?
LTV stands for Loan-to-Value ratio and is calculated as your outstanding principal balance divided by your total collateral value. It is the primary indicator of your account health, updated every 60 seconds.
When your collateral value rises, your LTV decreases. If you maintain a collateralization ratio above 2x (LTV below 50%), you have full flexibility to transfer or trade excess collateral up to the 50% LTV requirement.
When your collateral value drops, your LTV rises. You will receive in-app banners and email notifications when your LTV reaches 60%, 65%, 70%, and 75%. If your LTV reaches 75% or higher, GalaxyOne will automatically sell a portion of your collateral to bring your LTV back down to 65%.
During automatic liquidation, your assets are sold on a pro-rata basis across all of your eligible collateral (BTC, ETH, SOL, and staked SOL).
Are there tax implications to borrowing against my crypto?
Borrowing against your crypto through a Crypto Line of Credit is generally not a taxable event. However, if your collateral is liquidated (sold) to pay down the loan, that sale may be a taxable event. GalaxyOne does not provide tax advice. Please consult a qualified tax professional regarding your specific situation.
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