You can retrieve collateral without closing your loan or line of credit. Once your line of credit has been open for more than 60 days and has no drawn balance, you can retrieve all your collateral. You can also refinance a loan into a new one instead of closing and reopening.

You can close a loan or line of credit that has been open for more than 60 days. You can’t close a line of credit within 14 days of increasing your credit line. 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 or line of credit 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.