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BTCBacked

@BTCBacked_

Swiss marketplace for non-custodial Bitcoin-backed loans. Borrow without selling. Lend against collateral you can verify. Zug, VQF member #101306. 🇨🇭

 Zug, Switzerland
btcbacked.com
Joined October 2024
  • Tweets60
  • Following1.6K
  • Followers226
18Media
Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)Photo by BTCBacked (@BTCBacked_)
The BTCBacked app is now live on the App Store and Google Play. Borrow or lend from your phone. Your key comes from a password in the app or your own hardware wallet. Available in Switzerland and selected countries. Prefer the web? Sign up in your browser.
Dark card headed BTCBacked. Headline: Now on iOS and Android. Sub-line: Borrow and lend from your phone. Follow every loan, wherever you are. Download on the App Store and Get it on Google Play badges. On the right, two phones showing the BTCBacked app: the home dashboard with an active loan, and the hardware wallet picker listing Keystone, SeedSigner, Trezor and Sparrow.

ALT Dark card headed BTCBacked. Headline: Now on iOS and Android. Sub-line: Borrow and lend from your phone. Follow every loan, wherever you are. Download on the App Store and Get it on Google Play badges. On the right, two phones showing the BTCBacked app: the home dashboard with an active loan, and the hardware wallet picker listing Keystone, SeedSigner, Trezor and Sparrow.

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App Store: apps.apple.com/ch/app/btcbac… Google Play: play.google.com/store/apps/d… Web app: app.btcbacked.com/sign-up
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Two days of Bitcoin, P2P, and local AI don’t happen without the people who back them. Thank you to every sponsor of the Plan ₿ Forum. Lugano, October 23-24.
Image from Lugano Plan ₿ (@LuganoPlanB)
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One week to Plan ₿ Forum. @LuganoPlanB This is what to look for on the first floor of Villa Ciani, 23 and 24 October: Never sell. Borrow against your Bitcoin, with your key on your own hardware wallet and no custodian. Bring your questions. Leave the Bitcoin where it is.
Dark card headed BTCBacked. On the right, the BTCBacked roll-up banner: Never sell. Borrow against your Bitcoin. Your hardware wallet. No custodian. Bottom left: Plan ₿ Forum, 23 and 24 October. Villa Ciani, first floor.

ALT Dark card headed BTCBacked. On the right, the BTCBacked roll-up banner: Never sell. Borrow against your Bitcoin. Your hardware wallet. No custodian. Bottom left: Plan ₿ Forum, 23 and 24 October. Villa Ciani, first floor.

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btcbacked.com
BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

Borrow against your Bitcoin without handing it to a custodian. AML-supervised P2P lending with 2-of-3 multisig escrow. 1.5% per year platform fee, charged once.

btcbacked.com
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Every loan on BTCBacked has three keys. You hold one. Create yours from a password in the app, or use your own hardware wallet. Either way, we never see your password, private key or recovery words. How to choose:
Dark illustration: a password field and a hardware wallet, joined by an orange line to one highlighted key among three keys.

ALT Dark illustration: a password field and a hardware wallet, joined by an orange line to one highlighted key among three keys.

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btcbacked.com/blog/escrow-ke…
Escrow key for a bitcoin loan: password or hardware wallet

Escrow key for a bitcoin loan: password or hardware wallet

In a 2-of-3 multisig bitcoin loan, you hold one key. Create it from a password or use your own hardware wallet. See what each option means and how to choose.

btcbacked.com
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Liquidation should never be the first thing you hear from a lending platform. If Bitcoin falls, you get a margin call by email and in the app, and you can add collateral or repay part of the loan. Three warning levels, all known before you borrow. Liquidation at 90%.
Dark card headed BTCBacked. Headline: Automated margin calls. Beside it, a vertical scale: 75% margin call, 80% margin call, 85% margin call, and at the top, in orange, 90% liquidation.

ALT Dark card headed BTCBacked. Headline: Automated margin calls. Beside it, a vertical scale: 75% margin call, 80% margin call, 85% margin call, and at the top, in orange, 90% liquidation.

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btcbacked.com
BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

Borrow against your Bitcoin without handing it to a custodian. AML-supervised P2P lending with 2-of-3 multisig escrow. 1.5% per year platform fee, charged once.

btcbacked.com
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We're hiring a freelance video producer to make product demos, tutorials and explainers for BTCBacked. Fully remote, pays in Bitcoin. Apply on @BitcoinerJobs, link below.
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bitcoinerjobs.com/j/F2R8VLtB…
Bitcoiner Jobs | Freelance Video Producer @ BTCBacked

Bitcoiner Jobs | Freelance Video Producer @ BTCBacked

We're looking for a freelance video producer to help launch and grow BTCBacked, a non-custodial...

bitcoinerjobs.com
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We'll be at Plan ₿ Forum in Lugano on 23 and 24 October, Villa Ciani, first floor. @LuganoPlanB If you've ever sold Bitcoin to pay for something, come talk to us. On BTCBacked you borrow against it instead. No custodian, and your key never leaves your own hardware wallet.
Dark card headed BTCBacked. Headline: See you in Lugano. Below: Plan ₿ Forum, 23 and 24 October. Villa Ciani, first floor.

ALT Dark card headed BTCBacked. Headline: See you in Lugano. Below: Plan ₿ Forum, 23 and 24 October. Villa Ciani, first floor.

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On Tuesday: if we disappear, your Bitcoin does not. Here is how. Every loan on BTCBacked has its own escrow address with three keys, one each for borrower, lender and us. Any two move the collateral. Who signs at each stage, and what the escrow does not protect you from:
Diagram of a 2-of-3 multisig escrow: borrower, lender and BTCBacked each hold one key, and two signatures move the bitcoin

ALT Diagram of a 2-of-3 multisig escrow: borrower, lender and BTCBacked each hold one key, and two signatures move the bitcoin

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btcbacked.com/blog/how-2-of-…
How a 2-of-3 multisig bitcoin loan works

How a 2-of-3 multisig bitcoin loan works

In a 2-of-3 multisig bitcoin loan, any two of three keys can move the collateral. Which two sign at repayment, at liquidation and in a dispute?

btcbacked.com
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Ask any lending platform what happens to your Bitcoin if the company disappears. On BTCBacked, nothing does. Borrower and lender together hold two of the three keys, which is all it takes to move the collateral without us. Recover with your own wallet or an open source tool.
Dark card headed BTCBacked. Headline: If we disappear, your Bitcoin does not. Below, three keys: two orange keys labelled You and Lender, and an empty dashed box labelled Not needed. Bottom line: Two of three keys move the collateral. You and your lender hold both.

ALT Dark card headed BTCBacked. Headline: If we disappear, your Bitcoin does not. Below, three keys: two orange keys labelled You and Lender, and an empty dashed box labelled Not needed. Bottom line: Two of three keys move the collateral. You and your lender hold both.

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How it all works: btcbacked.com
BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

Borrow against your Bitcoin without handing it to a custodian. AML-supervised P2P lending with 2-of-3 multisig escrow. 1.5% per year platform fee, charged once.

btcbacked.com
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Ask most lending platforms what a loan actually costs, and you get a range. Borrowers pay 1.5% once, in BTC. Lenders pay nothing. The only other fee is 5%, and only if a loan is liquidated. No spreads. No markups. No fee that appears later.
Dark card headed BTCBacked. Small label: The entire fee schedule. Three rows: Borrowers 1.5%. Lenders 0%, in orange. If liquidated 5%.

ALT Dark card headed BTCBacked. Small label: The entire fee schedule. Three rows: Borrowers 1.5%. Lenders 0%, in orange. If liquidated 5%.

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btcbacked.com
BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

Borrow against your Bitcoin without handing it to a custodian. AML-supervised P2P lending with 2-of-3 multisig escrow. 1.5% per year platform fee, charged once.

btcbacked.com
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You do not have to change how you hold your Bitcoin to borrow against it. Your key stays on your hardware wallet, in cold storage, for the life of the loan. You approve each signature on the device, as you do now. The same setup you trust today. One extra thing it can now do.
Text card. Eyebrow: Cold storage. Headline: Your key never leaves the device. To the right, a box labelled Signing Device containing a smaller box labelled Key, with a dashed line running from it that stops at an orange bar marked Stops here. BTCBacked wordmark at top left.

ALT Text card. Eyebrow: Cold storage. Headline: Your key never leaves the device. To the right, a box labelled Signing Device containing a smaller box labelled Key, with a dashed line running from it that stops at an orange bar marked Stops here. BTCBacked wordmark at top left.

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Three keys exist for your loan. You hold one. Your lender holds one. We hold one. Moving the collateral takes two. This is not a policy. It is how the addresses are built on the Bitcoin blockchain, and you can verify it yourself any time. No pooling. No rehypothecation.
Text card. Headline: Two signatures move it. We only ever hold one. Below, three key icons labelled You, Lender and BTCBacked, with the BTCBacked key greyed out. BTCBacked wordmark at top.

ALT Text card. Headline: Two signatures move it. We only ever hold one. Below, three key icons labelled You, Lender and BTCBacked, with the BTCBacked key greyed out. BTCBacked wordmark at top.

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How it works: btcbacked.com
BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

BTCBacked: Swiss Marketplace for Non-Custodial Bitcoin-Backed Loans

Borrow against your Bitcoin without handing it to a custodian. AML-supervised P2P lending with 2-of-3 multisig escrow. 1.5% per year platform fee, charged once.

btcbacked.com
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