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
Open the Rhino app and tap Loans from the main menu
On the home screen, scroll down to the 'Bitcoin-Back' Loans card
Create an account with Arch
Once in the Arch application, you can configure your loan
🗂️ 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 — no penalty
Roll over or refinance at end of 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