APX Lending vs CoinRabbit
A no-fee qualified-custodian loan against the highest LTV in our set.
By Steven Han and Michael Song · Rates as of September 23, 2026 · Verified daily · Rates last changed August 22, 2026
APX Lending$120,694 loan, 40.7% LTV · Max LTV 60%
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What it costs over 12 months
Borrowing $120,694 at 40.7% LTV for one year. Interest and the origination fee, on standard published terms.
APX Lending costs $7,012 less over twelve months at this loan size, before any difference in how the two handle collateral.
The biggest structural difference is maximum LTV: APX Lending 60% versus CoinRabbit 90%.
Full side-by-side on 17 terms below, including custody, rehypothecation and the margin-call cure window.
The bottom line
APX holds collateral with BitGo Trust, never rehypothecates, and charges no origination or admin fee, at a 60% LTV cap and around 9.99%. CoinRabbit prices higher (around 11.95%) but allows up to 90% LTV with no fees and fast funding, holding collateral itself. Choose APX for independent custody and the lower rate; choose CoinRabbit when you need to borrow the most per coin.
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 CoinRabbit, side by side
| APX Lending |  CoinRabbit | |
|---|---|---|
| Effective APR$120,694 loan, 40.7% LTV, all-in | 10.99% | 16.8% |
| Starting APR | 9.99% | 11.95% |
| Origination fee | None | None |
| Liquidation fee | None stated | None |
| Rate type | Fixed | Fixed |
| Max LTV | 60% | 90% |
| Liquidation thresholdLTV at which collateral is sold | 90% | 85% |
| Custody model | Qualified custodian (BitGo Trust) | Lender-held |
| Rehypothecation | No | No |
| Margin-call cure window | Not published | No formal window |
| Funding speed | Same day to 1 day | Same day to 1 day |
| Minimum loan | $25,000 | $100 |
| Maximum loan | No stated maximum | No stated maximum |
| Loan terms | 3 to 60 months, extendable | Open-ended (no fixed maturity date) by default; 30-day fixed-term option available at reduced rate |
| Prepayment | Not published | No prepayment penalties. Repay in full or partial at any time with no fixed schedule. |
| Operating since | Not published | 2020 |
| Availability | All 50 states | All 50 states |
| Learn more | Learn more |
Rates and fees
On a $120,694 at 40.7% LTV loan, APX Lending is the cheaper borrow: an all-in effective APR of about 10.99% versus 16.8% at CoinRabbit, a gap of roughly 5.81 points before fees. Neither charges an origination fee, so the headline rate is closer to the real cost.
Custody and counterparty risk
APX Lending holds collateral via qualified custodian (BitGo Trust), while CoinRabbit uses lender-held. Neither rehypothecates collateral.
Loan terms and flexibility
APX Lending offers 3 to 60 months, extendable; CoinRabbit offers open-ended (no fixed maturity date) by default; 30-day fixed-term option available at reduced rate.
Leverage, limits, and speed
CoinRabbit allows the higher maximum LTV (90% vs 60%), so you can borrow more per Bitcoin, at the cost of a thinner buffer before a margin call if the price falls. Minimums differ: $25,000 at APX Lending versus $100 at CoinRabbit.
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
CoinRabbit
- $100 minimum loan
- ~10 minute funding
- 350+ collateral assets supported
- Not available to US residents
- $1.45B+ originated
- Specific qualified custodian not publicly disclosed
- No state-by-state US breakdown available
- Non-rehypothecation is claimed but not third-party verifiable
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.
CoinRabbit
Operating since November 2020. $1.45B+ originated. Low $100 minimum loan, ~10 minute funding, 350+ collateral assets supported. Specific qualified custodian not disclosed publicly. Not available to US residents: CoinRabbit's Terms of Use bar US citizens and residents (and the UK and Hong Kong), so US borrowers are not eligible.
Frequently asked
Is APX Lending or CoinRabbit cheaper?
On a $120,694 at 40.7% LTV loan, APX Lending is cheaper, with an all-in effective APR of about 10.99% versus 16.8%.
Which has lower custody risk, APX Lending or CoinRabbit?
APX Lending uses qualified custodian and CoinRabbit uses lender-held. Neither rehypothecates pledged collateral.
Can I borrow more with APX Lending or CoinRabbit?
CoinRabbit allows the higher maximum LTV (90% versus 60%), so you can borrow more per Bitcoin pledged. The trade-off is a thinner buffer before a margin call if Bitcoin's price drops.
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borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Rate data verified September 23, 2026. How we verify rates · Full disclosures.