BTC.xyz is a decentralized protocol that lets you buy Bitcoin with installment payments. Instead of saving up to buy BTC, you can receive it immediately and pay over time through monthly installments.

Unlike traditional loans, you're not borrowing money - you're purchasing Bitcoin through an installment plan. The protocol uses pooled liquidity from LPs to fund your BTC purchase, and you pay it back over your chosen term.

BTC.xyz is deployed on EVM-compatible chains. Check our documentation for the current list of supported networks.

Connect your wallet, choose how much BTC you want, select a payment term (1-5 years), and the protocol will show you your monthly payment. Once you confirm, you'll receive your BTC immediately.

You have a prepayment buffer system. You can deposit extra into your buffer to cover future payments. If your buffer runs out and you don't make payments, your position is subject to liquidation.

When you create a loan, you pay two upfront amounts: (1) a "first payment" buffer that protects you against immediate default - this covers your first ~30 days of payments, and (2) a "last payment" escrow that covers your final month. These upfront payments are immediately distributed to liquidity providers as yield. Your remaining payments are made over time.

If you default, you lose your escrowed wBTC collateral AND all payments you've made - including the first payment buffer and last payment escrow. This means you forfeit both your upfront payments and any subsequent payments. This "sunk cost" creates a strong financial incentive to complete your loan rather than walk away.

Yes! You can pay off your remaining balance at any time. Early payoff means you get your wBTC immediately instead of waiting for the full term to complete.

Interest rates are determined by pool utilization - higher utilization means higher rates. Rates typically range from 8-20% APR depending on market conditions.

Deposit USDC into either the Senior or Junior tranche. Senior offers lower risk/lower yield, while Junior offers higher risk/higher yield (3x the Senior rate).

LP funds are used to purchase BTC for borrowers. If borrowers default and the collateral doesn't cover the loan, losses are absorbed first by the Junior tranche, then by Senior.

Yields come from the interest paid by borrowers. The protocol uses risk-weighted distribution: Junior tranche receives 3x the yield rate of Senior tranche.

You can withdraw your deposited funds as long as there's available liquidity. During high utilization periods, withdrawals may be limited.

When a borrower defaults, LPs receive the seized wBTC collateral plus all payments the borrower had made. This includes an extra "bonus" - the borrower's escrowed last payment, which was held as security but not counted toward preventing default. This design means defaults can actually be profitable for LPs if BTC price has increased.

BTC Now typically outperforms DCA when Bitcoin is in a growth phase and appreciates more than the financing cost. If BTC rises 20%+ annually, buying upfront usually wins.

DCA tends to work better in volatile or declining markets. Without financing costs and with the ability to buy at various price points, DCA can accumulate more BTC during bear markets.

Check out our Historical Analysis page to see how both strategies performed across all of Bitcoin's history, or use the Strategy Calculator for custom scenarios.