CoinRabbit vs Nexo
Maximum LTV and no fees against a revolving line that re-lends your collateral.
Rates as of August 9, 2026 · Verified daily
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The bottom line
Both hold collateral themselves, but CoinRabbit does not rehypothecate while Nexo does. CoinRabbit allows up to 90% LTV with no origination or liquidation fee and fast funding, at around 11.95%. Nexo is an open revolving line that re-lends your bitcoin and prices near 18.9%. Choose CoinRabbit for leverage, low fees, and untouched collateral; choose Nexo only if a revolving line is what you need.
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 Nexo, side by side
 CoinRabbit |  Nexo | |
|---|---|---|
| Effective APR$100k loan, 50% LTV, all-in | 16.8% | 15.9% |
| Starting APR | 11.95% | 15.9% |
| Origination fee | None | None |
| Liquidation fee | None | None stated |
| Max LTV | 90% | 50% |
| Custody model | Lender-held | Lender-held |
| Rehypothecation | No | Yes |
| Margin-call cure window | No formal window | Not published |
| Funding speed | Same day to 1 day | Same day |
| Minimum loan | $100 | $50 |
| Maximum loan | No stated maximum | $2,000,000 |
| Loan terms | Open-ended (no fixed maturity date) by default; 30-day fixed-term option available at reduced rate | Not published |
| 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 | 48 states (excludes 2) |
Rates and fees
On a $100,000 loan at 50% LTV, Nexo is the cheaper borrow: an all-in effective APR of about 15.9% versus 16.8% at CoinRabbit, a gap of roughly 0.9 points before fees. Neither charges an origination fee, so the headline rate is closer to the real cost.
Custody and counterparty risk
CoinRabbit holds collateral via lender-held, while Nexo uses lender-held. Nexo rehypothecates pledged Bitcoin (re-lends it); CoinRabbit does not, which means less exposure if the lender runs into trouble.
Leverage, limits, and speed
CoinRabbit allows the higher maximum LTV (90% 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: $100 at CoinRabbit versus $50 at Nexo. Funding runs same day to 1 day at CoinRabbit and same day at Nexo.
Track record and availability
Nexo has the longer history, operating since 2018 versus 2020. On availability, CoinRabbit covers all 50 states, while Nexo excludes 2.
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
Nexo
- Relaunched in the US in February 2026 via Bakkt after a 2022 exit
- One of the largest crypto lending platforms globally; Nexo reports 7M+ clients across 200+ jurisdictions since 2018
- Rates from 1.9% to 15.9% APR depending on NEXO token holdings and LTV
- 50% LTV on BTC, $50 to $2M, up to $200M for Nexo Private clients, no origination or monthly fees
- Partial liquidation model: rather than closing your full position if collateral value drops, Nexo repays part of the credit line from a portion of the collateral, keeping the rest of your position intact
- The 1.9% floor rate applies at qualifying NEXO token tiers and LTV; borrowers without NEXO holdings should expect a rate closer to 15.9%
- Not available to residents of New York or Washington. Nexo confirmed on 2026-08-03 that those two states are restricted and the credit line is otherwise available
- Borrowing against crypto is generally treated differently than selling it for tax purposes, but tax treatment depends on your individual situation and jurisdiction. This is not tax advice, so confirm with a tax professional before relying on it
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.
Nexo
Nexo offers crypto-backed credit lines, letting you borrow against Bitcoin and over 100 other digital assets without selling, which generally avoids realizing a capital gain. It relaunched in the US in February 2026 in partnership with Bakkt as a regulated entity. Rates run from 1.9% to 15.9% APR and depend on your Wealth Club tier: the higher your NEXO token share and the lower your loan-to-value, the closer you get to the 1.9% floor. A borrower holding no NEXO tokens sits at the 15.9% end.
Frequently asked
Is CoinRabbit or Nexo cheaper?
On a $100,000 loan at 50% LTV, Nexo is cheaper, with an all-in effective APR of about 15.9% versus 16.8%.
Which has lower custody risk, CoinRabbit or Nexo?
CoinRabbit uses lender-held and Nexo uses lender-held. Check the rehypothecation row above, as re-lending of collateral adds counterparty risk.
Can I borrow more with CoinRabbit or Nexo?
CoinRabbit allows the higher maximum LTV (90% 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 August 9, 2026. How we verify rates · Full disclosures.