CoinRabbit vs Nexo
Maximum LTV and no fees against a revolving line that re-lends your collateral.
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
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% | 18.9% |
| Starting APR | 11.95% | 18.9% |
| 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 | All 50 states |
Rates and fees
On a $100,000 loan at 50% LTV, CoinRabbit is the cheaper borrow: an all-in effective APR of about 16.8% versus 18.9% at Nexo, a gap of roughly 2.1 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.
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
Nexo
- Relaunched in the US in February 2026 via Bakkt after a 2022 exit
- Global credit line: 1.9% to 18.9% APR, 50% LTV on BTC, $50 to $2M, no origination or monthly fees
- Liquidation is partial: Nexo repays part of the credit line from a portion of collateral
- Instant funding once approved
- US-specific terms pending confirmation from Nexo or Bakkt
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.
Nexo
Nexo offers instant crypto-backed credit lines, letting you borrow against Bitcoin without selling. After a 2022 US exit and a 2023 SEC settlement over its Earn product, Nexo relaunched in the US in February 2026 through regulated partner Bakkt. US-specific credit-line terms had not been separately published as of mid-2026.
Frequently asked
Is CoinRabbit or Nexo cheaper?
On a $100,000 loan at 50% LTV, CoinRabbit is cheaper, with an all-in effective APR of about 16.8% versus 18.9%.
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 June 19, 2026. How we verify rates · Full disclosures.