Opening a Bitcoin-backed loan through Rhino is quick and straightforward. You apply directly in the Rhino app, which connects you to Arch Lending for the full loan process.
✅ Before You Start
Make sure you have the following ready:
A verified Rhino account (KYC completed)
Bitcoin available to use as collateral
A US bank account or crypto wallet to receive your loan funds
You're located in a state where Arch loans are currently available
📱 Step-by-Step: Opening Your Loan
💡 Note: Bitcoin-backed loans are only available in Rhino Bitcoin mode. If you're in Rhino Remit mode, tap the menu icon in the top-left corner and select Switch to Rhino Bitcoin. Learn more about modes.
Log in to the Rhino app
Go to the Explore tab
Scroll down to the Grow and Protect section
Tap Bitcoin-Backed Loans
You'll be taken to Arch, where you can create an account and complete your loan application
🗂️ Managing Your Loan
After your loan is open, you can manage everything through the Arch dashboard, which you can navigate to within the Rhino app.
Monitor your LTV in real time
Make interest payments via ACH, wire, or USDC
Add collateral if your LTV rises toward the margin call threshold
Repay early at any time with no penalty
Roll over or refinance at the end of your term
🔄 What Happens at the End of the Term?
Loans are offered for up to 12-month terms. At the end of your term, you have three options:
Repay in full: Pay back the principal and your Bitcoin is returned
Rollover: Extend your loan for another term from the dashboard
Refinance: Adjust your loan amount or rate for the next period
Need help? Reach out to us anytime via the in-app chat or email support@rhinobitcoin.com