CoinRabbit vs SALT
Two lender-held loans at opposite ends of leverage and rate.
Rates as of June 2026 · Verified weekly · By Michael Song
SALT$100k loan, 50% LTV · Max LTV 70%
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The bottom line
SALT recently cut to around 7.49% with no origination fee and offers long fixed terms; rather than a traditional liquidation, it stabilizes an uncured margin call by converting your bitcoin to USDC (a 3% fee, plus 2% to convert back), which keeps the loan open but locks in a downturn price. CoinRabbit is pricier (around 11.95%) yet allows up to 90% LTV with no origination or liquidation fee and fast funding. Choose SALT for the lower rate and multi-year terms; choose CoinRabbit for maximum LTV.
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 SALT, side by side
 CoinRabbit | SALT | |
|---|---|---|
| Effective APR$100k loan, 50% LTV, all-in | 16.8% | 8.75% |
| Starting APR | 11.95% | 7.49% |
| Origination fee | None | None |
| Liquidation fee | None | None stated |
| Max LTV | 90% | 70% |
| Custody model | Lender-held | Lender-held |
| Rehypothecation | No | No |
| Margin-call cure window | No formal window | 48 hours |
| Funding speed | Same day to 1 day | 1–2 days |
| 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 | 1, 3, or 5 years; rates increase with term length; 70% LTV available on 1-year only |
| Prepayment | No prepayment penalties. Repay in full or partial at any time with no fixed schedule. | No prepayment penalty and no late fees. |
| Operating since | 2020 | 2016 |
| Availability | All 50 states | All 50 states |
Rates and fees
On a $100,000 loan at 50% LTV, SALT is the cheaper borrow: an all-in effective APR of about 8.75% versus 16.8% at CoinRabbit, a gap of roughly 8.05 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 SALT uses lender-held. 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; SALT offers 1, 3, or 5 years; rates increase with term length; 70% ltv available on 1-year only. On a margin call, CoinRabbit gives no formal cure window and SALT gives a 48-hour cure window, the time you have to add collateral or repay before a forced sale.
Leverage, limits, and speed
CoinRabbit allows the higher maximum LTV (90% vs 70%), 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 SALT. Funding runs same day to 1 day at CoinRabbit and 1–2 days at SALT.
Track record and availability
SALT has the longer history, operating since 2016 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
SALT
- Operating since 2016
- Up to 70% LTV, the highest among general loans on this list
- APR tiered by LTV (9.95% / 10.95% / 14.45%)
- International availability: Australia, Canada, Brazil, Portugal, Switzerland, UK, UAE, Vietnam
- Lender-held custody, not a third-party qualified custodian
- If a margin call goes uncured, Salt stabilizes the loan (converts collateral to USDC, a 3% fee, with a 2% fee to convert back later) rather than running a traditional liquidation, so you keep the loan and choose how to proceed; the cost is that stabilization locks in a downturn price
- SALT Shield (a paid downside-protection add-on) can forbear margin calls and market-triggered stabilization for the life of the loan
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.
SALT
Operating since 2016. APR tiered by LTV: 9.95% at 30% LTV, 10.95% at 50%, 14.45% at 70%. Loan agreement states it does not rehypothecate (no third-party lending of collateral). California DFPI consent order in 2024; SEC fined in 2020 for unregistered ICO; paused withdrawals Nov 2022.
Frequently asked
Is CoinRabbit or SALT cheaper?
On a $100,000 loan at 50% LTV, SALT is cheaper, with an all-in effective APR of about 8.75% versus 16.8%.
Which has lower custody risk, CoinRabbit or SALT?
CoinRabbit uses lender-held and SALT uses lender-held. Neither rehypothecates pledged collateral.
Can I borrow more with CoinRabbit or SALT?
CoinRabbit allows the higher maximum LTV (90% versus 70%), 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 26, 2026. How we verify rates · Full disclosures.