APX Lending vs Arch (Deferred)
Two qualified-custodian loans, one fee-free, one with deferred payments.
Rates as of July 2026 · Verified weekly · By Borrow on Bitcoin
APX Lending$100k loan, 50% LTV · Max LTV 60%
Arch (Deferred)Exclusive rate
$100k loan, 50% LTV · Max LTV 60%
Some “Visit” links are affiliate links. No lender can pay for placement, and this never changes which lenders we include or the data we show. We order by the effective rate you would actually get, which includes any partner rate a lender extends to our readers. See disclosures.
The bottom line
Both use a qualified custodian and a 60% LTV cap. APX charges no origination or admin fee, runs no credit check, and starts around 9.99%. Arch (Deferred) is a touch lower on rate (around 8.0%) and lets interest capitalize so you make no monthly payments, but adds a 1.49% origination and 2% liquidation fee. Choose APX to avoid fees; choose Arch for the lower rate and the no-monthly-payment structure.
Conditional guidance, not a recommendation. The right pick depends on your loan size, LTV, state, and what you value most. Rates can change; the table below is the live source.
APX Lending vs Arch (Deferred), side by side
| APX Lending | Arch (Deferred) | |
|---|---|---|
| Effective APR$100k loan, 50% LTV, all-in | 10.99% | 10.99% |
| Starting APR | 9.99% | 8% |
| Origination fee | None | 1.49% |
| Liquidation fee | None stated | 2% |
| Max LTV | 60% | 60% |
| Custody model | Qualified custodian (BitGo Trust) | Qualified custodian (Anchorage Digital) |
| Rehypothecation | No | No |
| Margin-call cure window | Not published | 24 hours |
| Funding speed | Same day to 1 day | Same day to 1 day |
| Minimum loan | $25,000 | $5,000 |
| Maximum loan | No stated maximum | No stated maximum |
| Loan terms | 3 to 60 months, extendable | 1 to 12 months; deferred interest; settle at maturity or roll accrued interest into a new loan's principal |
| Prepayment | Not published | No prepayment penalty. Accrued interest can be settled at any time without penalty. |
| Operating since | Not published | 2023 |
| Availability | All 50 states | 39 states (excludes 11) |
Rates and fees
At a $100,000 loan and 50% LTV, both price almost identically, around 10.99% all-in. APX Lending charges no origination fee, while Arch (Deferred) adds 1.49% up front, which raises Arch (Deferred)'s true cost on shorter loans.
Custody and counterparty risk
APX Lending holds collateral via qualified custodian (BitGo Trust), while Arch (Deferred) uses qualified custodian (Anchorage Digital). Neither rehypothecates collateral.
Loan terms and flexibility
APX Lending offers 3 to 60 months, extendable; Arch (Deferred) offers 1 to 12 months; deferred interest; settle at maturity or roll accrued interest into a new loan's principal. Arch (Deferred) can run with no monthly payments, with interest deferring and capitalizing to the balance, while APX Lending expects you to service interest along the way.
Leverage, limits, and speed
Minimums differ: $25,000 at APX Lending versus $5,000 at Arch (Deferred).
Track record and availability
On availability, APX Lending covers all 50 states, while Arch (Deferred) excludes 11.
Strengths and trade-offs
APX Lending
- No origination or management fees
- No credit check
- BTC and ETH accepted as collateral
- Segregated cold-storage custody with BitGo Trust
- US minimum loan 25,000 dollars
- US state-by-state availability not publicly itemized
- Maximum loan size not publicly posted
- Margin-call and liquidation LTV thresholds not publicly itemized
Arch (Deferred)
- No monthly payments, interest accrues to maturity
- Option to roll accrued interest into a new loan's principal at renewal
- Anchorage Digital qualified custody
- $100M Lloyd's of London insurance
- Zero rehypothecation, explicit policy
- Carries a ~50 bps APR premium over the Monthly Payment tier; the deferral has a price
- 1.49% origination fee plus 2.00% liquidation fee (origination tiers down at higher loan sizes)
- Not available in 11 states: CA, DE, HI, MS, MT, NV, ND, RI, SC, TX, VT
About each lender
APX Lending
Regulated crypto-backed lender serving US and Canadian borrowers, with no credit checks and no origination or management fees. Collateral (BTC, ETH) is held in segregated, insured cold storage with BitGo Trust. US loans start at 25,000 dollars with tiered APRs.
Arch (Deferred)
Bitcoin-backed loan with Anchorage Digital qualified custody, segregated wallets, $100M Lloyd's of London insurance, and explicit no-rehypothecation policy. The Deferred Interest variant (launched May 2026) carries no monthly payments, interest accrues to maturity or rolls into the next loan.
Frequently asked
Is APX Lending or Arch (Deferred) cheaper?
On a $100,000 loan at 50% LTV, APX Lending and Arch (Deferred) price almost identically, around 10.99% all-in. APX Lending also charges no origination fee, while Arch (Deferred) adds 1.49% up front.
Which has lower custody risk, APX Lending or Arch (Deferred)?
APX Lending uses qualified custodian and Arch (Deferred) uses qualified custodian. Neither rehypothecates pledged collateral.
Compare every lender for your numbers
Filter by loan amount, BTC holdings, state, and custody preference to see who actually fits.
Open the comparison tool →More lender comparisons
borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Rate data verified July 5, 2026. How we verify rates · Full disclosures.