Borrowing fiat against crypto has become a standard use case for long-term holders who want liquidity without selling their assets. By 2026, the market has matured: borrowers are no longer just looking for access to cash, but for predictable costs, clear risk management, and regulatory clarity. This review looks at some of the most established platforms that allow borrowing EUR against crypto , focusing on how their loan structures differ and which borrower profiles they best serve. Clapp — Flexible Crypto Credit Line With Fiat Access Clapp is a EU-licensed crypto loan provider that offers fiat borrowing through a crypto-backed credit line. Users deposit crypto as collateral and receive a borrowing limit that can be accessed on demand. Fiat options, including EUR, are available alongside stablecoins. What sets Clapp apart is how costs are applied. Unused credit carries a 0% APR , and interest applies only to funds that are actually borrowed. Rates depend on loan-to-value (LTV), making pricing directly tied to risk rather than promotional terms. From a trust and usability perspective, Clapp emphasizes transparency. Users can monitor LTV in real time and receive margin notifications as thresholds approach, giving them time to act before liquidation risk becomes critical. There are no fixed repayment schedules or early repayment penalties, which makes the product well suited for intermittent liquidity needs. Clapp operates as a licensed VASP, and user funds are secured through Fireblocks’ institutional-grade custody infrastructure. Clapp is best suited for users who want maximum flexibility, conservative borrowing, and clear cost visibility when accessing fiat against crypto. Nexo — Established Fiat Loans With Loyalty-Based Pricing Nexo is one of the longest-running crypto lending platforms offering fiat loans backed by crypto, including EUR and USD options. Loans are typically structured as credit lines, but pricing depends heavily on user tier and holdings of NEXO tokens. Borrowers benefit from a polished user experience and broad asset support. However, the cost structure can be less transparent at first glance, as interest rates vary based on loyalty levels, collateral mix, and platform conditions. Nexo suits users who are comfortable operating within a tiered ecosystem and who value a mature platform with wide geographic coverage. Crypto.com — Fiat Loans Inside a Large Consumer Ecosystem Crypto.com offers crypto-backed loans with fiat access as part of its broader financial ecosystem, which includes cards, payments, and trading services. Fiat borrowing is typically tied to fixed loan structures, where interest starts accruing immediately on the full borrowed amount. The platform’s main advantage is integration: users who already rely on Crypto.com for spending and payments can manage loans within the same app. The trade-off is flexibility. Repayment terms are more rigid, and borrowing costs are less usage-based compared to credit-line models. Crypto.com works best for users who prefer simplicity and ecosystem convenience over granular control. Coinbase Loans — Regulated Access for U.S.-Based Borrowers Coinbase Loans offers crypto-backed borrowing with a strong emphasis on regulatory compliance and user protection. Fiat loans are primarily available to U.S.-based users and are typically structured conservatively. The appeal of Coinbase lies in trust and compliance. As a publicly listed company with deep regulatory oversight, Coinbase attracts users who prioritize institutional standards and simplicity. However, loan structures are limited, asset support is narrower, and flexibility is lower compared to platforms focused specifically on lending. Coinbase Loans are best suited for borrowers who value regulatory clarity and brand trust above all else. Top Crypto Loan Providers 2026 Platform Fiat Access Loan Structure Interest on Unused Funds Best For Clapp EUR Revolving credit line 0% APR Flexible, low-LTV borrowing Nexo EUR, USD Credit line (tiered) Limited Loyalty-based users Crypto.com Fiat via ecosystem Fixed loan No Ecosystem convenience Coinbase Loans USD Fixed loan No Regulation-first users Final Thoughts By 2026, borrowing fiat against crypto is no longer about finding the highest LTV or the lowest headline rate. It’s about structure, transparency, and risk control. Clapp leads for users who want flexible access to fiat without paying for unused capital. Nexo appeals to users embedded in its loyalty model. Crypto.com offers convenience for ecosystem users, while Coinbase Loans prioritize regulatory certainty. The right choice depends on how often you borrow, how actively you manage risk, and how much control you want over cost. In a more mature crypto lending market, those factors matter more than ever. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
