Nexo Review: 2026 Bitcoin Loan Comparison
Rate data verified August 1, 2026 · Verified daily
Nexo offers instant crypto-backed credit lines, letting you borrow against Bitcoin without selling. It relaunched in the US in February 2026 through regulated partner Bakkt. A US borrower holding no NEXO tokens borrows at 15.9% APR; the lower rates Nexo advertises each require holding NEXO tokens (a share of your portfolio or a fixed amount), so a Bitcoin-only borrower does not qualify for them.
Your Nexo rate
BTC $62,542 · liveEstimate only, at BTC $62,542. No credit pull · Confirm live terms with Nexo.
Key facts
- Relaunched in the US in February 2026 via Bakkt after a 2022 exit
- 15.9% APR for a US borrower holding no NEXO tokens; lower rates require holding NEXO
- 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
Refinancing
Nexo is a revolving credit line with no maturity, so refinancing does not apply. You repay and re-borrow at will, and adding collateral raises your available credit directly.
How Nexo compares at $100K
| Lender | APR | Max LTV | Rehypothecation | Cure window |
|---|---|---|---|---|
| Nexo | 15.9% | 50% | Yes | None stated |
| Arch (Deferred) | 10.99% | 60% | No | Yes |
| Ledn | 11.49% | 50% | No | None stated |
| Figure | 9.76% | 75% | No | None stated |
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Nexo articles & comparisons
Head-to-head comparisons
Key risks
- Standard Nexo terms permit rehypothecation (re-lending of pledged collateral); whether the US Bakkt structure segregates collateral is not yet confirmed, so it is worth asking directly
- The lowest advertised APR generally assumes holding NEXO tokens at a low LTV; most borrowers should expect a higher rate
- US-specific rates, LTV, eligible states, and liquidation thresholds are not published, so the global figures shown may not apply; confirm current US terms directly
- Regulatory history includes settled 2023 SEC and multistate matters over its Earn Interest Product
Frequently asked
Is Nexo safe to borrow against Bitcoin?
Nexo is operating since 2018. Your collateral is handled via lender-held pool. Nexo does rehypothecate (re-lend) your Bitcoin collateral per its disclosed terms. As with any Bitcoin-backed loan, review the custody model, liquidation thresholds, and loan terms carefully before borrowing.
What rates does Nexo charge?
Nexo charges 15.9% APR. US Credit Line via Bakkt: 50% LTV on BTC, $50 to $2M ($200M for Nexo Private), no origination fee, repay anytime with partial automatic repayment. The 15.9% APR shown is Nexo's standard rate for a borrower holding no NEXO tokens (the 'Get Started' tier). Nexo advertises lower rates, but each requires holding NEXO tokens as a share of your portfolio or a fixed amount, so a Bitcoin-only borrower borrows at 15.9%. There is no origination fee.
Does Nexo rehypothecate my Bitcoin?
Yes, Nexo rehypothecates (re-lends) your Bitcoin collateral per its disclosed terms. Rehypothecation means your Bitcoin can be lent to other counterparties. If those counterparties default, your collateral may be at risk. The custody model is lender-held pool.
What states does Nexo serve?
Nexo is available in Not publicly posted. State availability not publicly posted Always confirm current availability directly with Nexo before applying, as state coverage can change.
How fast does Nexo fund loans?
Nexo typically funds within Instant. Loan terms: not publicly posted. Actual timing may vary based on verification requirements and your specific situation.
What fees does Nexo charge?
Known fees include: no origination fee. Always request a full fee disclosure from Nexo before signing any loan agreement.
How does Nexo compare to other Bitcoin loan lenders?
To see Nexo side-by-side with every other major Bitcoin loan lender, rates, custody model, LTV, and more, use the free comparison tool at borrowonbitcoin.com. You can sort by APR, LTV, funding speed, or custody model and filter to your state.
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