Use case · Tax bill
Pay your tax bill on time. Keep your crypto.
Tax deadlines do not wait for good markets. Borrow against your bitcoin, ether or stablecoins, pay on time from your own account, and repay over the following months, without selling at the wrong moment.
- On time: funds within the hour
- No forced sale at a bad moment
- Repay over months, or all at once
- Zero fees, interest by the day
Your tax-bill loan
BTC €73,814
- APR, all-in
- 10.9%No fees
- Per month
- €363interest
- Margin call
- €52,725BTC −29%
- Liquidation
- €46,134BTC −38%
Paid by SEPA Instant · No sign-up to see your rate
- < 1 htypical time to funds
- 6.9%APR from, all-in
- Dailyinterest, only for the days used
- €0fees to borrow or repay early
- 72 hto act on a margin call
A worked example
A €40,000 bill, repaid over six months.
Borrowed against bitcoin at 50% loan-to-value (10.9% APR), repaid in six equal monthly instalments. Interest falls as the balance falls.
| Month | Repayment | Interest | Still owed |
|---|---|---|---|
| Month 1 | €6,666.67 | €363.33 | €33,333.33 |
| Month 2 | €6,666.67 | €302.78 | €26,666.67 |
| Month 3 | €6,666.67 | €242.22 | €20,000.00 |
| Month 4 | €6,666.67 | €181.67 | €13,333.33 |
| Month 5 | €6,666.67 | €121.11 | €6,666.67 |
| Month 6 | €6,666.67 | €60.56 | €0.00 |
Total interest: €1,271.67 over six months, and nothing else. Repay faster and you pay less; selling €40,000 of crypto instead would end your position and may itself be a taxable disposal. Figures at today’s reference prices; they move with the market.
Price your own figuresIs it right for you?
When a Lombard loan fits, and when it does not.
A loan against your crypto is a tool for timing, not a way to finance what you cannot repay. Be honest with yourself on both lists.
It fits when…
- the bill is due before your cash flow catches up;
- you expect income in the coming months;
- selling now would mean selling low, or creating a new taxable gain;
- you want to keep your long-term position.
Think twice when…
- you have no income or asset to repay from;
- you would need the maximum loan-to-value to raise the amount;
- the interest would cost more than the benefit of waiting;
- you would rather close the position anyway.
Step by step
From pledge to payment, step by step.
No forms, no documents, no calls. You see every number before you commit.
Before you borrow, check:
- Pay from your own account. Tax authorities expect payment from the taxpayer, and the loan is paid to your account first.
- Leave a margin before the deadline. Cut-off times, weekends and bank processing can add days.
- Interest deductibility varies. In many countries interest on a loan used to pay personal tax is not deductible. Ask a tax adviser.
- A liquidation is a sale. If prices fell far enough to trigger one, it could create a taxable event. Keep a low loan-to-value.
- Plan the repayment. Income, a bonus, or part of your crypto later, at a time you choose.
Know the amount and the date
Note the exact amount and the deadline, and allow for processing: an international transfer can take one to two business days.
Price your loan
Choose the amount, the currency and your loan-to-value. You see the rate, the margin-call price and the liquidation price first.
Pledge and receive
Send your collateral to the address created for your loan. The money is paid to your own bank account, typically within the hour.
Pay the tax authority
Pay from your own account with the reference the tax authority requires, as you would from savings.
Repay over the following months
Repay in instalments from income, or all at once, with no fee. Your collateral returns when the loan is repaid.
Questions
Paying a tax bill: straight answers.
Anything else? Our advisors answer by secure message from your client area, 7 days a week.
Help centreCan I pay my taxes with a crypto loan?
Yes. The loan is paid to your own bank account, from which you pay the tax authority as usual. You keep your crypto and repay the loan over the following months, in part or in full, with no fee.
Is borrowing against crypto a taxable event?
In many countries, taking out a loan secured by crypto is not treated as a sale, so it does not create a gain or a loss. A liquidation of collateral, however, is a sale. Rules differ from one country to another, so check yours.
Why not just sell crypto to pay the tax?
You can. But selling ends your position, may be a taxable disposal in its own right, and forces the timing on you. A loan lets you choose when, and whether, to sell.
Can a company pay its tax bill this way?
Yes. Companies and funds can borrow against their crypto and receive the funds on the company’s bank account, then repay from operating cash.
How quickly can I get the money before a deadline?
Typically within the hour of your collateral being confirmed: SEPA Instant for euros, Faster Payments for pounds, SWIFT for dollars and Swiss francs. Allow for your own bank’s processing and the tax authority’s payment rules.
Is the interest tax-deductible?
It depends on your country and on what the loan is used for. In many countries, interest on a loan used to pay personal taxes is not deductible; for companies the rules differ. Ask a tax adviser.
Keep exploring
Pay on time. Keep your position.
Price your loan in seconds and receive the funds, typically within the hour.
- No KYC
- No email, no phone
- Zero fees
- Repay any time