How to Borrow EUR Against Crypto: Top European Crypto Lending Platforms

For many European crypto holders, the question is no longer whether crypto can be used as collateral, but how efficiently it can be done in euros. Borrowing EUR against crypto allows investors to access liquidity without selling assets, avoid taxable events in some jurisdictions, and maintain long-term exposure.

How borrowing EUR against crypto works

Crypto-backed lending follows a simple structure:

1. You deposit crypto as collateral (BTC, ETH, or stablecoins).

2. The platform assigns a loan-to-value ratio (LTV).

3. You receive EUR via SEPA transfer or an internal EUR balance.

4. You repay the loan plus interest to unlock your collateral.

There is no credit check. The loan is secured entirely by crypto. If the value of your collateral falls below the required threshold, the platform may issue a margin call or liquidate part of the collateral.

Centralized platforms remain the main EUR gateway

In Europe, direct EUR borrowing still happens primarily through centralized lenders. They provide banking integrations, predictable withdrawals, and familiar user flows. In return, users place collateral under platform custody.

Decentralized protocols offer alternatives through EUR-pegged stablecoins, but for users who need euros in a bank account, centralized platforms remain the practical option.

Top European crypto lending platforms for EUR borrowing

Clapp — Flexible credit line with pay-as-you-use interest

Clapp takes a different approach to crypto-backed borrowing. Instead of issuing fixed loans, it provides a revolving credit line secured by crypto collateral. Users set a credit limit and pay interest only on the amount they actually draw, not on the full available line.

Unused credit carries a 0% APR. When borrowed funds are repaid, the available credit is immediately restored. There is no fixed repayment schedule, and funds can be drawn or released at any time directly from the Clapp Wallet.

Clapp supports multi-collateral borrowing, allowing users to combine up to 19 assets into a single credit line. This includes BTC, ETH, SOL, and major stablecoins. Collateral composition can be adjusted without closing the position.

From a regulatory perspective, Clapp holds a Virtual Asset Service Provider (VASP) license in the Czech Republic, confirming its status as a licensed crypto loan provider within the EU.

The result is a borrowing framework built around flexibility. Liquidity remains available at all times, collateral is not locked into rigid terms, and interest accrues only when capital is in use. 

For users seeking EUR liquidity without forced selling or inflexible loan structures, Clapp offers a cost-efficient and controlled setup.

Nexo

Nexo is one of the most established crypto lending platforms available to European users. It offers revolving credit lines rather than fixed-term loans, allowing borrowers to draw and repay funds as needed.

EUR withdrawals are supported via SEPA. Interest rates depend on collateral type, LTV, and account tier. The platform supports a wide range of crypto assets and stablecoins.

Nexo suits users who want broad asset support and immediate EUR access within a mature lending environment.

YouHodler

YouHodler follows a more traditional loan structure. Loans are issued with fixed terms and predefined LTV thresholds, including higher ratios for stablecoin collateral.

This model provides clarity around repayment and liquidation mechanics but limits flexibility. Loans must be managed within set durations, and early repayment conditions should be reviewed in advance.

YouHodler works best for users who prefer clearly defined loan parameters and higher borrowing capacity against stable assets.

Binance Loans

Binance offers crypto-backed loans as part of its broader ecosystem. Rates are competitive, and collateral selection is extensive. EUR availability depends on regional regulation and account eligibility.

For users already holding assets on Binance, loans can be accessed without moving funds externally. New users should confirm EUR withdrawal availability before committing collateral.

DeFi option: borrowing EUR-pegged assets

Protocols such as Aave allow users to lock crypto and borrow EUR-pegged stablecoins like EURC or agEUR. These assets can be converted to euros through exchanges.

This route avoids custodial risk but introduces smart contract risk, variable rates, and additional conversion steps. It suits users comfortable with self-custody and on-chain mechanics.

Risk considerations

Liquidation risk remains the primary concern when borrowing against crypto. Higher LTV increases borrowing power but reduces tolerance for price volatility.

Custodial risk applies to centralized platforms. Regulatory coverage and EUR withdrawal terms vary by country. A conservative LTV and clear understanding of liquidation thresholds reduce downside exposure.

How to choose the right platform

When comparing European crypto lenders, practical criteria matter more than headline rates:

• Direct SEPA EUR withdrawals

• Transparent liquidation rules

• Predictable interest calculation

• Clear EU regulatory standing

Platforms that prioritize flexibility and transparency tend to suit long-term holders better than short-term leverage strategies.

Final perspective

Borrowing EUR against crypto has become a standard liquidity tool for European investors. The mechanics are well established, but outcomes depend on structure and discipline.

Platforms like Clapp introduce a more flexible credit-line model that aligns borrowing costs with actual usage. More traditional lenders continue to serve users who prefer familiar loan formats.

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.