CoinRabbit vs Figure
The highest LTV in our set against a public company at a lower rate.
Rates as of June 2026 · Verified weekly · By Michael Song
CoinRabbit$100k loan, 50% LTV · Max LTV 90%
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The bottom line
CoinRabbit allows up to 90% LTV with no origination or liquidation fee and fast funding, holding collateral itself, at around 11.95%. Figure allows up to 75% LTV, starts lower (around 10.0%), and is run by a Nasdaq-listed company, but adds a small origination and a 2% liquidation fee and holds collateral via Fireblocks MPC. Choose CoinRabbit for maximum leverage and speed; choose Figure for the lower rate and public-company backing.
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.
CoinRabbit vs Figure, side by side
| CoinRabbit |  Figure | |
|---|---|---|
| Effective APR$100k loan, 50% LTV, all-in | 16.8% | 10% |
| Starting APR | 11.95% | 10% |
| Origination fee | None | 0.85% |
| Liquidation fee | None | 2% |
| Max LTV | 90% | 75% |
| Custody model | Lender-held | Lender-held (Fireblocks) |
| Rehypothecation | No | No |
| Margin-call cure window | No formal window | Not published |
| Funding speed | Same day to 1 day | Not published |
| Minimum loan | $100 | Not published |
| Maximum loan | No stated maximum | No stated maximum |
| Loan terms | Open-ended (no fixed maturity date) by default; 30-day fixed-term option available at reduced rate | 12-month term |
| Prepayment | No prepayment penalties. Repay in full or partial at any time with no fixed schedule. | Not published |
| Operating since | 2020 | 2018 |
| Availability | All 50 states | 39 states (excludes 11) |
Rates and fees
On a $100,000 loan at 50% LTV, Figure is the cheaper borrow: an all-in effective APR of about 10% versus 16.8% at CoinRabbit, a gap of roughly 6.8 points before fees. CoinRabbit charges no origination fee, while Figure adds 0.85% up front, which raises Figure's true cost on shorter loans. If a position is liquidated, CoinRabbit charges the smaller penalty (0% vs 2%).
Custody and counterparty risk
CoinRabbit holds collateral via lender-held, while Figure uses lender-held (Fireblocks). Neither rehypothecates collateral.
Loan terms and flexibility
CoinRabbit offers open-ended (no fixed maturity date) by default; 30-day fixed-term option available at reduced rate; Figure offers 12-month term.
Leverage, limits, and speed
CoinRabbit allows the higher maximum LTV (90% vs 75%), so you can borrow more per Bitcoin, at the cost of a thinner buffer before a margin call if the price falls.
Track record and availability
Figure has the longer history, operating since 2018 versus 2020. On availability, CoinRabbit covers all 50 states, while Figure excludes 11.
Strengths and trade-offs
CoinRabbit
- $100 minimum loan
- ~10 minute funding
- 350+ collateral assets supported
- Available globally
- $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
Figure
- Publicly traded (Nasdaq: FIGR, $7.6B IPO Sept 2025)
- Fireblocks MPC custody, operated by Figure; no rehypothecation
- No credit check on crypto-backed loan
- Same-day approval available
- HELOC variant with optional BTC pledge available
- Fireblocks MPC custody is operated by Figure, not an independent third-party qualified custodian
- 2% processing fee applies to any collateral sold in a margin call or liquidation
- Excluded from several states including TX and NY (verify current Figure Markets availability)
- HELOC variant is not a purchase mortgage
About each lender
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.
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.
Frequently asked
Is CoinRabbit or Figure cheaper?
On a $100,000 loan at 50% LTV, Figure is cheaper, with an all-in effective APR of about 10% versus 16.8%. CoinRabbit also charges no origination fee, while Figure adds 0.85% up front.
Which has lower custody risk, CoinRabbit or Figure?
CoinRabbit uses lender-held and Figure uses lender-held. Neither rehypothecates pledged collateral.
Can I borrow more with CoinRabbit or Figure?
CoinRabbit allows the higher maximum LTV (90% versus 75%), 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 June 9, 2026. How we verify rates · Full disclosures.