Aven Bitcoin Visa Card Offers Up to $1 Million BTC-Backed Line of Credit
Fintech startup Aven has launched the Aven Bitcoin Visa Card, offering users a bitcoin-backed line of credit of up to $1 million with attractive long-term borrowing options.
The new card provides fixed-rate, fixed-term loans for up to 10 years at a competitive 7.99% APR — a significant improvement over typical bitcoin lending products.
Key Features of the Aven Bitcoin Visa Card
- Bitcoin-Backed Credit Line: Borrow up to $1 million using your Bitcoin as collateral.
- Long-Term Fixed Loans: Up to 10-year terms at 7.99% APR (compared to usual 10%+ APR and 12-month max terms in the market).
- Unlimited 2% Cash Back: Earn 2% crypto or fiat rewards on all purchases.
- No Fees: Zero annual fees and no origination fees.
- Secure Collateral: Bitcoin is held safely with custodian BitGo.
How It Works
Users deposit Bitcoin with BitGo as collateral to access the credit line. The card functions like a traditional Visa card while allowing borrowers to keep their Bitcoin and benefit from potential price appreciation.
Aven calls this “a first for bitcoin lending” due to the longer loan terms and lower fixed rates.
About Aven
Founded in 2019, Aven is a “machine-banking” platform that offers asset-backed credit cards. The company uses collateral such as home equity, securities, and now Bitcoin to provide lower interest rates — claiming to cut borrowing costs by up to 50% and save users over $300 million in interest so far.
The Aven Bitcoin Visa Card is issued by Washington state-chartered Coastal Community Bank.
