CoinRabbit vs Nexo
Maximum LTV and no fees against a revolving line that re-lends your collateral.
By Steven Han and Michael Song · Rates as of November 6, 2026 · Verified daily · Rates last changed July 15, 2026
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 $116,724 at 40.7% LTV for one year. Interest and the origination fee, on standard published terms.
Nexo costs $1,051 less over twelve months at this loan size, before any difference in how the two handle collateral.
The biggest structural difference is maximum LTV: CoinRabbit 90% versus Nexo 50%.
Full side-by-side on 17 terms below, including custody, rehypothecation and the margin-call cure window.
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 at 15.9% without NEXO tokens. 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$116,724 loan, 40.7% LTV, all-in | 16.8% | 15.9% |
| Starting APR | 11.95% | 15.9% |
| Origination fee | None | None |
| Liquidation fee | None | None stated |
| Rate type | Fixed | Fixed |
| Max LTV | 90% | 50% |
| Liquidation thresholdLTV at which collateral is sold | 85% | 83.3% |
| Custody model | Lender-held | Lender-held (Bakkt) |
| Rehypothecation | No | Yes |
| Margin-call cure window | No formal window; partial auto-repay | None published; partial auto-repay |
| Funding speed | Same day to 1 day | Instant |
| 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) |
| Learn more | Learn more |
Rates and fees
On a $116,724 at 40.7% LTV loan, 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 (Bakkt). 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 instant 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 in partnership with Bakkt, a publicly listed US company, after a 2022 exit
- Operating since 2018; Nexo reports 10M+ clients, $7B+ in assets under management and a $1.7B+ loan book, and states it is SOC 2 Type 2 certified
- 15.9% APR without NEXO token holdings; Wealth Club tiers holding NEXO tokens are priced from 12.9% down to as low as 0.9%
- BTC, ETH and 30+ supported assets can be combined in one credit line; LTV 50% on BTC and ETH, 90% on USDT and USDC
- $50 to $2M per day, up to $200M for Nexo Private clients, no origination or monthly fees
- The lower Wealth Club rates require holding NEXO tokens (for example, Elite needs a $1M+ portfolio with 8% in NEXO, or 1M NEXO). A borrower without NEXO pays 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 30+ other supported digital assets in the US without selling, which generally avoids realizing a capital gain. It relaunched in the US in February 2026 in partnership with Bakkt. A borrower holding no NEXO tokens pays 15.9% APR, the rate we compare on. Lower Wealth Club tier rates, from 12.9% down to as low as 0.9%, require holding NEXO, Nexo's own token, and also depend on your loan-to-value.
Frequently asked
Is CoinRabbit or Nexo cheaper?
On a $116,724 at 40.7% LTV loan, 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 November 6, 2026. How we verify rates · Full disclosures.