How to Create an Account on Borrow

How to Create an Account on Borrow

Creating an account on Borrow by Sats Terminal is free, takes less than a minute, and does not require any identity verification. Once you are signed up, you can immediately start comparing lending rates and configuring Bitcoin-backed stablecoin loans.

This guide walks you through every step of the account creation process, explains your sign-up options, and covers what happens after you create your account.

Sign-Up Options

Borrow offers three ways to create an account. Each method creates a self-custody wallet for you automatically, so you do not need to worry about setting up a separate wallet before getting started.

Option 1: Email Sign-Up

This is the simplest option for most users, especially if you are new to crypto.

1. Visit the Borrow by Sats Terminal website
2. Click the "Sign Up" or "Get Started" button
3. Enter your email address
4. Check your inbox for a verification code or magic link
5. Enter the code or click the link to confirm your email
6. Your account is created and your wallet is ready

Email sign-up is ideal if you do not have a crypto wallet and want the fastest path to getting started. The platform creates an embedded digital wallet for you through Privy, which you can use to receive and manage your stablecoin loans.

Option 2: Social Login

If you prefer to use an existing account from a major platform, Borrow supports social login through providers like Google and Apple.

1. Visit the Borrow website
2. Click "Sign Up" or "Get Started"
3. Choose your preferred social login provider (Google, Apple, etc.)
4. Authorize the connection through the provider's standard login flow
5. Your account is created automatically

Social login is convenient because you do not need to remember another password or check for verification emails. Your Borrow account is tied to your social account, so logging in is as simple as clicking a button.

Option 3: Connect an Existing Wallet

If you already use a crypto wallet like MetaMask, Coinbase Wallet, or another Web3 wallet, you can connect it directly to Borrow.

1. Visit the Borrow website
2. Click "Sign Up" or "Get Started"
3. Choose "Connect Wallet"
4. Select your wallet provider from the list
5. Approve the connection request in your wallet
6. Your account is linked to your existing wallet

This option is best for experienced crypto users who want to use their existing wallet infrastructure. Your connected wallet will be used for receiving stablecoins and interacting with lending protocols.

What Happens After You Sign Up

Your Privy Wallet

When you sign up via email or social login, Borrow creates an embedded wallet for you using Privy. Here is what you should know about this wallet:

• It is self-custodial — You control the wallet, not Borrow or Sats Terminal. Self-custody means that only you can authorize transactions from your wallet.
• No seed phrase management — Unlike traditional crypto wallets, you do not need to write down or store a 12 or 24 word recovery phrase. Privy handles key management securely.
• It works across chains — Your wallet can receive and hold assets on all supported blockchains, including Ethereum, BASE, Arbitrum, Optimism, Polygon, and BSC.
• It lives in the browser — There is no app to download or browser extension to install. Your wallet is embedded directly in the Borrow web application.

Your Dashboard

After creating your account, you will see the Borrow dashboard. From here, you can:

• Browse lending rates from DeFi protocols like Aave v3 and Morpho Blue, as well as CeFi providers
• Configure a new loan by choosing how much to borrow and selecting a lender
• View any active loans including collateral values, interest accrued, and health factors
• Access your wallet to see balances and transaction history

No KYC Required

One of the biggest advantages of Borrow by Sats Terminal is that there is no KYC (Know Your Customer) requirement. Traditional lending platforms and many centralized crypto services require you to upload government ID, proof of address, and other personal documents. Borrow skips all of this.

You can go from creating an account to receiving a stablecoin loan without ever providing personal identification. This is possible because the underlying DeFi protocols operate through smart contracts that do not need to know who you are — they only need your collateral.

For a deeper explanation, see Is KYC Required to Use Borrow?.

Security Considerations

Protecting Your Account

Even though Borrow does not require KYC, you should still take steps to protect your account:

• Use a strong, unique password for your email or social account
• Enable two-factor authentication (2FA) on the email or social account you use to sign in
• Be cautious of phishing — Always verify you are on the official Borrow by Sats Terminal website before signing in
• Do not share your login credentials with anyone

How Privy Secures Your Wallet

Privy uses advanced cryptographic techniques to secure your embedded wallet. Your private keys are split and stored across multiple secure environments, so no single party (including Privy itself) has access to your complete private key. This approach provides the security of self-custody without the risk of losing a seed phrase.

What Borrow Can and Cannot Access

Borrow by Sats Terminal can:

• Display your wallet balances and transaction history
• Initiate transactions on your behalf (with your approval)
• Show you lending rates and protocol information

Borrow by Sats Terminal cannot:

• Access your funds without your authorization
• Move or spend your collateral without a valid loan transaction
• Recover your account if you lose access to your sign-in method

Frequently Asked Questions About Account Setup

Can I Change My Sign-Up Method Later?

Your account is tied to the sign-up method you originally used. If you signed up with an email address, you will continue to log in with that email. If you want to use a different sign-in method, you would need to create a new account with that method.

What If I Lose Access to My Email or Social Account?

If you lose access to the email address or social account you used to sign up, you will need to recover that account through its provider (Gmail, Apple, etc.). Borrow does not have an independent account recovery process because it relies on your sign-in provider for authentication.

This is why it is important to secure your email or social account with strong passwords and two-factor authentication.

Is My Data Private?

Borrow collects minimal data. Since there is no KYC requirement, the platform does not store personal identification documents or sensitive personal information. Your sign-in credentials are managed by Privy, and your on-chain transactions are visible on public blockchains as with any crypto activity.

Next Steps After Creating Your Account

Once your account is set up, you are ready to borrow. Here is what to do next:

1. Explore lending rates — Browse the comparison dashboard to see current rates from all supported lenders
2. Learn how borrowing works — Read How Does Borrow Work? for a complete walkthrough of the lending process
3. Understand fees — Check What Are the Fees and Costs on Borrow? so you know exactly what to expect
4. Configure your first loan — Select a lender, set your loan amount, and follow the prompts to deposit BTC

The entire process from account creation to receiving stablecoins can be completed in under an hour, depending on Bitcoin network confirmation times. Borrow by Sats Terminal is designed to make every step as clear and straightforward as possible, whether you are a first-time crypto user or an experienced DeFi participant.

For more about what makes Borrow unique, visit What Is Borrow by Sats Terminal?.