You can retrieve collateral without closing your loan. You can also refinance a loan into a new one instead of closing and reopening.

You can close a loan that has been open for more than 60 days. Adding collateral to lower your LTV doesn’t affect when you can close. There are no closure fees, though trading fees may apply when repaying from your bitcoin balance.

To close, open the “Cash” tab in the mobile app or the home page of the web app, then go to the “Borrow” section:

  1. Open the loan you want to close
  2. Scroll to the bottom and tap “Close”
  3. Repay your outstanding principal and pay outstanding accrued interest

After closure, your collateral is returned to your bitcoin balance within 3 business days. A summary document becomes available at “Account” under “Documents”. You can still access the loan center to review history.