Arch vs Strike
Two of the lowest starting rates in the market, decided by custody model and fees.
By Steven Han and Michael Song · Rates as of September 12, 2026 · Verified daily · Rates last changed June 26, 2026
Arch$114,359 loan, 40.8% LTV · Max LTV 60%
Strike$114,359 loan, 40.8% LTV · Max LTV 50%
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. The rates compared here are each lender's standard published effective APR. See disclosures.
What it costs over 12 months
Borrowing $114,359 at 40.8% LTV for one year. Interest and the origination fee, on standard published terms.
Arch costs $606 less over twelve months at this loan size, before any difference in how the two handle collateral.
The biggest structural difference is custody model: Arch a qualified custodian versus Strike a lender-held pool.
Full side-by-side on 17 terms below, including custody, rehypothecation and the margin-call cure window.
The bottom line
Strike and Arch both start near 7.25% to 7.49%, so cost is close. The split is custody and fees: Arch holds collateral with Anchorage (a qualified custodian) but adds a 1.49% origination and 2% liquidation fee, while Strike charges no origination or liquidation fee and holds collateral in its own pool. Arch also prices a second structure Strike does not offer — a deferred-interest tier from around 8.0% that replaces the monthly payment with interest capitalizing to maturity. Choose Arch for independent custody or deferred payments; choose Strike to avoid the fees and borrow inside an app you may already use.
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.
Arch vs Strike, side by side
| Arch | Strike | |
|---|---|---|
| Effective APR$114,359 loan, 40.8% LTV, all-in | 10.49% | 11.02% |
| Starting APR | 7.25% | 7.75% |
| Origination fee | 1.49% | None |
| Liquidation fee | 2% | None |
| Rate type | Fixed | Fixed |
| Max LTV | 60% | 50% |
| Liquidation thresholdLTV at which collateral is sold | 80% | 85% |
| Custody model | Qualified custodian (Anchorage Digital) | Lender-held |
| Rehypothecation | No | No |
| Margin-call cure window | 24 hours | 72 hours |
| Funding speed | Same day to 1 day | Same day to 1 day |
| Minimum loan | $5,000 | $10,000 |
| Maximum loan | No stated maximum | $5,000,000 |
| Loan terms | 1 to 12 months; interest-only; rollover available at maturity | 12-month fixed-term loan. Separate line-of-credit product also available (revolving, no maturity date). |
| Prepayment | No prepayment penalty | No prepayment penalty. Full closure permitted after 61 days. Cash repayments free; BTC collateral repayment incurs 0.79% processing fee (state-dependent). |
| Operating since | 2023 | 2017 |
| Availability | 39 states (excludes 11) | 47 states (excludes 3) |
| Learn more | Learn more |
Rates and fees
On a $114,359 at 40.8% LTV loan, Arch is the cheaper borrow: an all-in effective APR of about 10.49% versus 11.02% at Strike, a gap of roughly 0.53 points before fees. Strike charges no origination fee; Arch adds 1.49% up front, which matters most on shorter terms. If a position is liquidated, Strike charges the smaller penalty (0% vs 2%).
Custody and counterparty risk
Arch holds collateral via qualified custodian (Anchorage Digital), while Strike uses lender-held. Neither rehypothecates collateral.
Loan terms and flexibility
Arch offers 1 to 12 months; interest-only; rollover available at maturity; Strike offers 12-month fixed-term loan. separate line-of-credit product also available (revolving, no maturity date).. On a margin call, Arch gives a 24-hour cure window and Strike gives a 72-hour cure window, the time you have to add collateral or repay before a forced sale. Neither penalizes early repayment.
Leverage, limits, and speed
Arch allows the higher maximum LTV (60% vs 50%), so you can borrow more per Bitcoin, at the cost of a thinner buffer before a margin call if the price falls. Minimums differ: $5,000 at Arch versus $10,000 at Strike.
Track record and availability
Strike has the longer history, operating since 2017 versus 2023. On availability, Arch is not available in 11 states, while Strike excludes 3.
Strengths and trade-offs
Arch
- Anchorage Digital qualified custody
- $100M Lloyd's of London insurance
- Zero rehypothecation, explicit policy
- Segregated wallets
- $75M raised (2024)
- 1.5% origination fee plus 2.5% liquidation fee
- Not available in CA, DE, MS, MT, NV, ND, RI, VT
- Company founded 2023
Strike
- No origination fee
- Proof-of-reserves for collateral
- $2.1B credit facility with Tether (2026)
- Volatility-proof loan structure (announced 2026)
- Bitcoin-only
- Collateral held by Strike or capital partners, not a named third-party qualified custodian
- Limited consumer state coverage (21 states as of March 2026)
- Lending product launched 2024
About each lender
Arch
Bitcoin-backed loan with Anchorage Digital qualified custody, segregated wallets, $100M Lloyd's of London insurance, and explicit no-rehypothecation policy. Multi-collateral: BTC, ETH, SOL.
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.
Frequently asked
Is Arch or Strike cheaper?
On a $114,359 at 40.8% LTV loan, Arch is cheaper, with an all-in effective APR of about 10.49% versus 11.02%. Strike also charges no origination fee, while Arch adds 1.49% up front.
Which has lower custody risk, Arch or Strike?
Arch uses qualified custodian and Strike uses lender-held. Neither rehypothecates pledged collateral.
Can I borrow more with Arch or Strike?
Arch allows the higher maximum LTV (60% versus 50%), 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 12, 2026. How we verify rates · Full disclosures.