CoinRabbit vs Figure
The highest LTV in our set against a public company at a lower rate.
Rates as of August 9, 2026 · Verified daily
CoinRabbit$100k loan, 50% LTV · Max LTV 90%
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. We order by the effective rate you would actually get, which includes any partner rate a lender extends to our readers. See disclosures.
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% | 9.76% |
| Starting APR | 11.95% | 9.76% |
| 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 | $5,000 |
| 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. | No prepayment penalty |
| Operating since | 2020 | 2018 |
| Availability | All 50 states | 40 states (excludes 10) |
Rates and fees
On a $100,000 loan at 50% LTV, Figure is the cheaper borrow: an all-in effective APR of about 9.76% versus 16.8% at CoinRabbit, a gap of roughly 7.04 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. Minimums differ: $100 at CoinRabbit versus $5,000 at Figure.
Track record and availability
Figure has the longer history, operating since 2018 versus 2020. On availability, CoinRabbit covers all 50 states, while Figure excludes 10.
Strengths and trade-offs
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
Figure
- Publicly traded (Nasdaq: FIGR, $7.6B IPO Sept 2025)
- Decentralized MPC custody; no rehypothecation
- No hard credit check
- Same-day approval available for eligible borrowers; approval is not guaranteed
- Borrow against BTC, ETH or SOL, from a $5,000 minimum
- 2% processing fee applies to any collateral sold in a margin call or liquidation
- Excluded from DC, ID, IL, KY, MD, MS, SD, TX, VT and VA. New York borrowers are served by a separate entity, Figure Markets Credit LLC
- Liquidation Protection is optional, costs an additional fee, and is available in only ten states; it does not stop a liquidation if the loan becomes delinquent
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. 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.
Figure
Publicly traded on Nasdaq (FIGR; $7.6B IPO Sept 2025). Figure offers Crypto Backed Loans against BTC, ETH and SOL via decentralized MPC custody with Fireblocks and no rehypothecation. No prepayment penalty. 12-month interest-only term, maximum initial LTV 75%, liquidation at 90% LTV, minimum loan $5,000. No hard credit check. Loans are made by Figure Lending LLC (NMLS 1717824), and to New York residents through Figure Markets Credit LLC (NMLS 2559612). Figure also offers Democratized Prime, a separate yield product paying up to 8.35% as of 21 July 2026.
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 9.76% 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.
Compare every lender for your numbers
Filter by loan amount, BTC holdings, state, and custody preference to see who actually fits.
Open the comparison tool →More lender comparisons
borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Rate data verified August 9, 2026. How we verify rates · Full disclosures.