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About

Lava enables users to borrow U.S. dollars using their Bitcoin holdings as collateral without needing credit checks, heavy documentation, or selling their crypto. Users can access loans starting from as little as $100 and up to $1 billion, with fixed low interest rates beginning at around 5%. The platform offers instant funding, supports global bank-off-ramps, and promises that your Bitcoin assets remain in your control, no rehypothecation, no trading out your coins. Built on institutional-grade infrastructure used to secure over $100 billion in assets, Lava emphasises self-custody, strong security controls (multi-party approvals, biometric protection, whitelisted addresses, inheritance support), and encrypted user privacy. It also provides additional services such as zero-fee Bitcoin purchases, a stablecoin (LavaUSD) backed 1:1 with USD-denominated reserves at regulated financial institutions, and a rewards card offering up to 5% BTC back on purchases.

About

Let your idle assets work for you with MyConstant. Our current interest rates are up to 14% APY for USDC & USDT, up to 4% APY for BTC & ETH, and up to 7% APR for USD lending. No investing fees. Free withdrawals. 24-7 customer support. Or borrow against 73+ cryptocurrencies from just 6% APR. Get the cash or crypto you need instantly without having to sell your portfolio. Your crypto is securely stored and returned to you when you repay. Unlike traditional P2P platforms that prey on vulnerable borrowers and expect investors to shoulder the risk, MyConstant is designed to protect them both. Crypto collateral helps protect your investments from borrower defaults. Withdraw any amount in USD for free, straight to your bank account. Enjoy instant access to your funds or the choice of three fixed terms. No call centres, no automated messages, just real people ready to help you. As long as you have the collateral to back your loan, you’re always approved.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Not Supported
Android Supported
Chromebook Not Supported

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported

Audience

Bitcoin holders and crypto-savvy individuals seeking a tool to get access to dollar liquidity without selling their Bitcoin

Audience

Crypto assets trading platform for anyone

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

Free
Free Version Supported
Free Trial Not Supported

Pricing

Free
1) Register for an account on our website
2) Verify your identity with our hassle-free KYC process
3) Deposit crypto or USD on MyConstant.
Free Version Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 4.5 / 5
design 4.5 / 5
support 4.5 / 5

Pros & Cons from Real Users

Pros

  • If you're looking for a hassle-free way to get a loan using your cryptocurrency as collateral, Crypto Loans at MyConstant is definitely worth checking out. The process is super straightforward and the customer service is excellent - I had all my questions answered met promptly and efficiently.
  • I have been lending my stable coins on MyConstant since beginning of 2022. The rate is good and I can withdraw anytime. The app looks good and customer services are very helpful.

Cons

  • I was confusing of navigating on their app. And I worried about volatility in the crypto markets.
  • Not a major complaint but it took a bit long for the KYC process, like most crypto wallets out there.

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

Lava
United States
www.lava.xyz/

Company Information

MyConstant
Founded: 2019
United States
www.myconstant.com

Alternatives

Alternatives

Inlock

Inlock

Income Locker
BitLoan

BitLoan

HyperPay

Categories

Categories

Crypto Supported
Crypto Savings Supported

Integrations

Bitcoin Supported
Binance Not Supported
Brave Browser Not Supported
Corefy Supported
Ethereum Not Supported
Solana Not Supported

Integrations

Bitcoin Supported
Binance Supported
Brave Browser Supported
Corefy Not Supported
Ethereum Supported
Solana Supported
Claim Lava and update features and information
Claim Lava and update features and information
Claim MyConstant and update features and information
Claim MyConstant and update features and information