Nexo Review: Bitcoin Loan Comparison
By Steven Han and Michael Song · Rate data verified October 30, 2026 · Verified daily · Rate last changed July 15, 2026
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.
Nexo's rates by Wealth Club tier
| Tier | Rate | To qualify (either) |
|---|---|---|
| No tier | 15.9% | No NEXO needed |
| Classic | from 12.9% | $5k+ portfolio with 10% in NEXO (about $500+), or 50,000 NEXO (about $40k) |
| Premier | from 2.9% | $100k+ portfolio with 10% in NEXO (about $10k+), or 500,000 NEXO (about $400k) |
| Elite | from 1.9% | $1M+ portfolio with 8% in NEXO (about $80k+), or 1M NEXO (about $800k) |
| Signature | from 0.9% | 2M NEXO (about $1.6M) |
Each tier's lowest rate applies at lower LTV. NEXO is a volatile token issued by Nexo. Dollar amounts assume $0.80 per NEXO. Source: nexo.com.
Your Nexo rate
BTC $77,346 · liveKey facts
- 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
- Partial automatic repayment: if your LTV reaches Nexo's threshold, part of the collateral repays part of the credit line and the rest of the position stays open
- Instant approval with no credit check; Nexo says funds typically arrive within hours
- Borrowing, unlike selling, generally is not treated as a taxable event
Zero-interest Credit (a separate product)
Nexo also offers Zero-interest Credit: no interest and no fees for the contract. It works differently from the Credit Line, and it is not a 0% version of it, so we do not include it in our rate comparisons. In the US, Nexo says it is available through Nexo OTC rather than in the app.
How it works
- You choose the collateral (BTC, ETH, SOL or XRP), the amount, a term of 5 days to 12 months, and payout in USDC or USDT. Up to $5 million per loan.
- You also set two prices: a Minimum Repayment Price and a Maximum Repayment Price.
- There are no margin calls or liquidation during the term.
- It is repaid in full at maturity, or renewed for another term. Nexo says collateral used for it cannot also back a Credit Line.
What it costs you instead of interest
- Capped upside. If the price is above your Maximum Repayment Price at maturity, your collateral is sold at that price to repay the credit. You keep gains only up to that level, and a sale can be a taxable event, unlike simply borrowing.
- Settlement in collateral on a fall. If the price is below your Minimum Repayment Price at maturity, the credit settles at that price and is repaid using your collateral.
- Between the two prices, it settles at market and you can repay in stablecoins and keep your collateral, or renew.
Terms from Nexo's Zero-interest Credit page as of Oct 28, 2026 (global version); US OTC terms may differ. This is not tax advice.
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 (partial auto-repay) |
| ↳ Nexo, if you hold NEXO | from 0.9% to 12.9%* | |||
| Figure | 9.76% | 75% | No | None stated |
| CoinRabbit | 16.8% | 90% | No | None (partial auto-repay) |
| SALT | 8.75% | 70% | No | Yes |
*Nexo is compared at 15.9%, its rate without NEXO tokens, the same basis as every other lender here. The indented row shows its Wealth Club tier rates, which require holding NEXO (see the tier table above) and fall with LTV, so they are not a like-for-like comparison.
For illustrative purposes only. APRs shown are modelled on the same scenario for every lender, a $100,000 loan at 50% LTV, and include origination fees where a lender charges them. They are not quotes, offers, or approvals, and your actual rate depends on loan size, LTV, state, and each lender's underwriting. Rates and terms change without notice. See our full disclosures and verify current terms with each lender before applying. Full disclosures →
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Head-to-head comparisons
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Key risks
- Nexo states that US client assets are held with Bakkt. Nexo's standard terms permit rehypothecation (re-lending of pledged collateral), and whether the US structure prevents it has not been confirmed to us, so it is worth asking directly
- A lower tier rate depends on holding NEXO, a volatile token issued by Nexo. If its price falls and your NEXO share drops below a tier's requirement, your rate can rise (Nexo keeps your tier for seven days first)
- Nexo's US borrow page does not list its margin-call and liquidation thresholds; confirm them in the Nexo app before borrowing
- Regulatory history includes settled 2023 SEC and multistate matters over its Earn Interest Product
Frequently asked
Is Nexo safe to borrow against Bitcoin?
Nexo has been 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. The 15.9% APR we compare on is Nexo's US Credit Line rate for a borrower holding no NEXO tokens, which is the relevant rate for a Bitcoin-only borrower. Nexo's US Wealth Club page lists lower Credit Line rates for tiers that hold NEXO tokens: Classic from 12.9%, Premier from 2.9%, Elite as low as 1.9% and Signature as low as 0.9%, with the rate also depending on loan-to-value. 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. 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 Most states (not NY, WA). Not available in: NY, WA Always confirm current availability directly with Nexo before applying, as state coverage can change.
How fast does Nexo fund loans?
Nexo typically funds loans instantly once approved. Actual timing may vary based on verification requirements and your specific situation.
What fees does Nexo charge?
There is 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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