APX Lending vs Figure
Side-by-side comparison of rates, custody models, and loan terms.
Rate data verified June 9, 2026 · Updated weekly
APX Lending and Figure side by side
| APX Lending | Figure | |
|---|---|---|
| APR (min) | 9.99% | 10% |
| APR (max) | 11.49% | 12.45% |
| Max LTV | 60% | 75% |
| Min loan | — | — |
| Max loan | No stated max | No stated max |
| Custody model | qualified custodian | lender pool |
| Rehypothecation | No | No |
| Funding speed | — | — |
| States | — | — |
Key differences
On posted APR, APX Lending starts lower (9.99% vs 10%); whether that's the better deal depends on loan size and origination fees, both folded into the effective APR figures in our table above. Custody differs: APX Lending uses qualified custodian, Figure uses lender pool, a meaningful distinction for any borrower who weighs counterparty risk against rate. Figure offers a higher maximum LTV (75% vs 60%), which means more buying power per BTC pledged but a narrower buffer before liquidation if Bitcoin's price falls.
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.
Full APX Lending review →Figure
Publicly traded on Nasdaq (FIGR; $7.6B IPO Sept 2025). Crypto-backed loans are offered through Figure Markets; collateral is held via Fireblocks MPC custody, operated by Figure itself rather than an independent qualified custodian, and is not rehypothecated. No credit check. 12-month term. Also offers a HELOC product where BTC can be posted in escrow alongside home equity.
Full Figure review →Compare all 15 lenders
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