Overview
- Aven introduced the Bitcoin Visa Card at Bitcoin Conference 2026 in Las Vegas on Monday, offering up to $1 million in credit secured by pledged bitcoin.
- The card offers fixed-rate borrowing with terms up to 10 years, with APRs that start at 7.99% and rise to 11.99% based on how much of the collateral value the user chooses to access.
- Borrowers place their bitcoin with BitGo and BitGo Bank & Trust, which provide segregated wallets for each customer, while Coastal Community Bank issues the Visa card.
- Customers pay no annual or origination fees and earn 2% cash back on purchases, positioning the card as a lower-cost way to tap credit compared with typical unsecured cards.
- Aven spells out liquidation rules to manage price swings, locking the card at a 70% loan-to-value, giving 72 hours to cure at 80%, and liquidating at 85% with a 2% fee, aiming the product at holders seeking liquidity without triggering a sale.