BitDirect
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About
Bitcoin Backed Loans

Instant Cash Without Selling Your Bitcoin

Access up to 50% of your Bitcoin's value in South African Rand (ZAR). Funds available within 48 hours after Bitcoin deposit.

Get Started See How It Works

Secure. Transparent. No hidden fees. Regulated by FSCA (FSP 55037)

Bitcoin Wallet

Fast Approval

48h turnaround

Secure Storage

2-of-3 multisig

No CGT

Tax-neutral

R10k - R2M

Loan amounts

Up to 5 years
FSCA

Regulated FSP 55037

50%

Loan-to-Value Ratio

48hrs

Fast Approval

2-of-3

Multisig Security

How It Works

Get your Bitcoin-backed loan in 5 simple steps

1

Register on BitDirect

Create your account with quick and easy registration

2

Apply & Upload Documentation

Submit KYC and financial documents for verification

3

Multisig Wallet Setup

Your secure multisig wallet is created

4

Deposit Bitcoin

Transfer Bitcoin to your assigned multisignature wallet

5

Receive ZAR

Get funds in your bank account within 48 hours

Why Choose BitDirect

Access liquidity without selling your Bitcoin, while maintaining full security and control

No Capital Gains Tax

Borrowing against your Bitcoin means no taxable disposal. Maintain your holdings while unlocking liquidity and benefit from Bitcoin's long-term price potential.

Tax-neutral transaction under current guidance

Your Bitcoin. Your Control.

Each client is assigned a dedicated multisignature wallet. Your funds are secure, transparent, and independently verifiable on the blockchain.

No single key can access your Bitcoin alone

Increase Your BTC Exposure

Using loan proceeds to purchase additional Bitcoin can reduce your LTV from 40% to 29% and increase your exposure.

Bitcoin has appreciated over 908.6% in 5 years

Fast Approval Process

Apply online and receive funds within 48 hours after Bitcoin deposit. No lengthy approval processes or unnecessary delays.

Up to 5 years repayment terms

Transparent Fee Structure

R1,000 loan origination fee. 0% monthly payment in ZAR. 0% fee to settle loan in fiat.

No hidden costs or surprise fees

FSCA Regulated

BitDirect is fully regulated by the FSCA (FSP 55037), providing added peace of mind and compliance assurance.

Fully licensed and compliant

Loan Calculator

Use our calculator to estimate your loan amount, monthly repayments, and collateral requirements

R1,000,000
3 Years

This calculator provides estimates. Final terms subject to approval and market conditions.

Bitcoin Required (50% LTV)
in Bitcoin value
Live Bitcoin Price
Real-time ZAR rate
Estimated Monthly Payment
per month
Loan-to-Value Ratio
50%
Interest Rate
22%
Loan Origination Fee R 1,000
Monthly Payment Fee 0%
Early Settlement Fee 0%
Apply for This Loan
Enterprise-Grade Security

Secure Bitcoin Storage

Your Bitcoin is protected with 2-of-3 multisignature wallets — a key feature of the Bitcoin protocol providing enhanced protection for your digital assets

BitDirect Protocol
Verified

2 of 3 Multisig Wallet

Secured Vault Quorum

ACTIVE
ACTIVE
BACKUP
Withdraw

Client-initiated validation

Lender Key TREZOR Vault
System Ops

Fees • Liquidation

Backup Key Institutional

Transactions require 2 of 3 keys. BitDirect uses hardware-level encryption to safeguard your assets.

What is 2-of-3 Multisignature?

Any transaction requires approval from two of three private keys to be approved. BitDirect uses a custom 2-of-3 multisignature wallet system.

  • No single key can access or move your Bitcoin alone
  • Your funds are secure, transparent, and independently verifiable
  • Control remains shared and safeguarded

Your Dedicated Wallet

Multisignature Protocol
2-of-3 Approval Required
Lender
System
Backup

Each client is assigned a dedicated multisignature wallet.

Frequently Asked Questions

Got questions? We've got answers

A 2-of-3 multisignature Bitcoin wallet is an integral feature of the Bitcoin protocol. This setup requires that two out of three parties must authorize a transaction for the funds to be transferred. In this model there are three keys: one managed by the lender, one by the system, and one as a backup key. Therefore, to initiate any transaction, two of these three entities must provide their approval.

You can borrow up to 50% of the value of your stored bitcoin. This is called your Loan To Value Ratio (LTV). Loan amounts range from R10,000 to R2,000,000.

LTV is the ratio of the loan amount to the value of the collateral (in this case, Bitcoin) that you have deposited. For example, if you deposit Bitcoin worth R100,000 and take a loan of R50,000, your LTV would be 50%.

It takes up to 48 hours for the funds to reflect in your account after you deposit your Bitcoin.

If the bitcoin price drops, your LTV will increase. If your LTV reaches 80%, your entire balance of BTC will be liquidated, and the balance less any slippage and/or market moves will be returned to you. You will be notified in 5% intervals that you need to deposit more bitcoin to bring your LTV down, preventing your bitcoin being liquidated. We will also notify you of the price you will be liquidated at.

If the bitcoin price rises, your LTV will come down, allowing you to withdraw your excess bitcoin. Should you wish to withdraw your bitcoin BitDirect will co-sign the transaction. BitDirect will ensure that the LTV threshold of 50% or less is maintained.

Yes you can, this can only be settled in fiat. There is no fee for early settlement. After settlement your full wallet balance will be available for withdrawal.

No there isn't. When you deposit your Bitcoin into your unique multisignature wallet, your funds can only be moved if two out of the three required signatures authorize the transaction. This ensures that your Bitcoin cannot be lent to anyone else and remains securely on the blockchain. You can independently check your unique Bitcoin wallet using any block explorer to confirm that your Bitcoin has not been transferred to another party without your permission and funds are not mixed with other users.

Still have questions?

Our team is here to help you understand every aspect of Bitcoin-backed lending

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