APX Lending vs Strike
Side-by-side comparison of rates, custody models, and loan terms.
Rate data verified June 9, 2026 · Updated weekly
APX Lending and Strike side by side
| APX Lending | Strike | |
|---|---|---|
| APR (min) | 9.99% | 7.49% |
| APR (max) | 11.49% | 11.25% |
| Max LTV | 60% | 50% |
| 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, Strike starts lower (7.49% vs 9.99%); 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, Strike uses lender pool, a meaningful distinction for any borrower who weighs counterparty risk against rate. APX Lending offers a higher maximum LTV (60% vs 50%), 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 →Strike
Bitcoin-only loans with no origination fee. Collateral held by Strike or capital partners in segregated wallets, no named third-party qualified custodian. Proof-of-reserves published. $2.1B credit facility with Tether.
Full Strike review →Compare all 15 lenders
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borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Data verified weekly. Full disclosures.