What Is This Platform?

Accessible at app.firefish.io, this platform connects borrowers and investors through loans secured by Bitcoin. Borrowers can use their Bitcoin as collateral at a 2:1 ratio (e.g., $20,000 in BTC for a $10,000 loan) to access funds in various currencies. Investors can fund these loans and earn up to 15% annual interest. The service is non-custodial, meaning Bitcoin is stored in a multisig escrow (3-of-3 contract), and the platform does not hold or reinvest it. As of July 2025, it has processed over $100 million in transactions and serves more than 10,000 users.

Key Features of Firefish

  • Bitcoin-Backed Loans: Borrowers can access fiat or stablecoin loans with interest rates starting at 7% annually, without selling their BTC.
  • Investment Opportunities: Investors can earn up to 15% annual interest with low risk due to Bitcoin collateral.
  • Security: Multisig escrow and automatic liquidation at a 95% loan-to-value (LTV) ratio protect investors.
  • Transparency: An intuitive interface and clear terms, backed by KYC/AML processes, ensure trustworthiness.

Who Is This Service For?

This platform is ideal for Bitcoin holders seeking liquidity without selling their assets and for investors looking for stable returns. It suits both individuals and businesses, like Braiins, which secured a $400,000 loan against 8.75 BTC in under 24 hours. Users on Trustpilot (5 stars from 73 reviews as of July 2025) praise its speed, simplicity, and transparency, though some note the lack of two-factor authentication (2FA) as a drawback. Firefish Prime targets institutional investors with deposits starting at €100,000.

Why Use This Platform?

This service combines security, flexibility, and transparency. Its non-custodial approach ensures users retain control over their Bitcoin, aligning with the ethos of decentralization. The platform raised $1.8 million in a seed round from investors like Braiins and Miton C, underscoring its potential. Users appreciate fast loan approvals (Instant Loans in USDC within 15 minutes) and attractive returns for investors. It’s an excellent choice for those looking to leverage their Bitcoin’s value without selling or seeking secure investment opportunities.

Where to Learn More?

For more information about the platform and its uses, visit these resources:

  • Firefish.io – Official website with details on loans and investments.
  • Trustpilot – User reviews and ratings.

Want to leverage your Bitcoin without selling? Visit this platform and explore P2P loan opportunities today!