Nexo vs SALT
Side-by-side comparison of rates, custody models, and loan terms.
Rate data verified June 16, 2026 · Updated weekly
Nexo and SALT side by side
| Nexo | SALT | |
|---|---|---|
| APR (min) | 17.9% | 7.49% |
| APR (max) | 18.9% | 10.5% |
| Max LTV | 50% | 70% |
| Min loan | — | — |
| Max loan | No stated max | No stated max |
| Custody model | lender pool | lender pool |
| Rehypothecation | Yes | No |
| Funding speed | — | — |
| States | — | — |
Key differences
On posted APR, SALT starts lower (7.49% 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); SALT does not. The latter carries less counterparty risk if the lender becomes insolvent. SALT offers a higher maximum LTV (70% vs 50%), which means more buying power per BTC pledged but a narrower buffer before liquidation if Bitcoin's price falls.
About each lender
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 →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.
Full SALT 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.