Coinbase loan calculator
Work out where a Coinbase crypto-backed loan would be liquidated and what it costs in interest. Prices, rates and liquidation points come live from the Morpho markets on Base that Coinbase's Bitcoin, ETH and other loans run on.
Liquidation price and loan-to-value
Health factor
–
- Collateral value
- –
- Debt value
- –
- Loan-to-value
- –
- Liquidation price
- –
- Price drop to get there
- –
- Borrowing limit (at LLTV)
- –
Coinbase lets you borrow less than the liquidation point: The Block reported a 75% maximum loan-to-value in November 2025, against the 86% point where the Bitcoin market liquidates. Keep your loan-to-value well under that line to leave room for price swings.
Interest cost
- Interest per day
- –
- Interest per month
- –
- Interest per year
- –
Because the rate moves, the long-run average is a better guide than today's number:
The rate is variable: it follows how much of the market's USDC is borrowed. See the exact daily history on the Coinbase Bitcoin loan rate and ETH loan rate pages, or lock a rate with fixed-rate loans.
Coinbase loans: quick answers
At what price is a Coinbase Bitcoin loan liquidated?
When the loan reaches 86% of the collateral's value, the liquidation point of the Morpho market behind it. Divide what you owe by your cbBTC amount times 0.86. For example, borrowing half of 1 cbBTC's value today would be liquidated if bitcoin fell to about $48.8K.
How much can I borrow against Bitcoin on Coinbase?
The Block reported in November 2025 that Coinbase lets you borrow up to 75% of your collateral's value, below the market's 86% liquidation point. A loan taken at that maximum is liquidated after a price drop of about 13%.
What interest rate do Coinbase Bitcoin loans charge?
The rate is variable and set by the Morpho market behind the loans: 4.80% a year right now, and 4.85% on average over the last 30 days. Interest is added continuously and paid in USDC.
What happens when a Coinbase loan is liquidated?
Anyone can repay part of the debt and take cbBTC worth about 4.38% more than they repaid. That penalty comes out of your collateral, so staying well below the liquidation point matters.
Independent estimate
This calculator is not made by Coinbase. It uses public data from the Morpho markets that, based on on-chain data, carry Coinbase's loans, and it leaves out any fees Coinbase itself may charge. Always check the numbers in the Coinbase app before borrowing. Read how Coinbase Bitcoin loans work.