Figure vs Nexo
Side-by-side comparison of rates, custody models, and loan terms.
Rate data verified June 16, 2026 · Updated weekly
Figure and Nexo side by side
| Figure | Nexo | |
|---|---|---|
| APR (min) | 10% | 17.9% |
| APR (max) | 12.45% | 18.9% |
| Max LTV | 75% | 50% |
| Min loan | — | — |
| Max loan | No stated max | No stated max |
| Custody model | lender pool | lender pool |
| Rehypothecation | No | Yes |
| Funding speed | — | — |
| States | — | — |
Key differences
On posted APR, Figure starts lower (10% vs 17.9%); whether that's the better deal depends on loan size and origination fees, both folded into the effective APR figures in our table above. Nexo rehypothecates collateral (re-lends pledged Bitcoin); Figure does not. The latter carries less counterparty risk if the lender becomes insolvent. Figure offers a higher maximum LTV (75% vs 50%), which means more buying power per BTC pledged but a narrower buffer before liquidation if Bitcoin's price falls.
About each lender
Figure
Publicly traded on Nasdaq (FIGR; $7.6B IPO Sept 2025). Crypto-backed loans are offered through Figure Markets; collateral is held via Fireblocks MPC custody, operated by Figure itself rather than an independent qualified custodian, and is not rehypothecated. No credit check. 12-month term. Also offers a HELOC product where BTC can be posted in escrow alongside home equity.
Full Figure review →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.
Full Nexo review →Compare all 15 lenders
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borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Data verified weekly. Full disclosures.