Nexo charges 10.9%–17.9% APR with $0 origination fees using custodial. Strike charges 7.49%–10.5% APR with $0 origination fees using custodial. See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-06-09
Strike advertises a lower headline rate at 7.49%–10.5% compared to Nexo's 10.9%–17.9%. However, Nexo's lowest rates require loyalty tier qualifications, and most borrowers pay significantly more than the headline rate. On a $1M loan held for 12 months, Strike saves $49,000 in total first-year cost (interest plus origination fees).
Strike offers tiered rates that decrease with larger loan amounts, while Nexo structures rates by loyalty. Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | Nexo APR | Strike APR | Nexo Total Year-1 Cost | Strike Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 13.9% | 10.5% | $13,900 | $10,500 | $3,400 with Strike |
| $250,000 | 13.9% | 10% | $34,750 | $25,000 | $9,750 with Strike |
| $500,000 | 13.9% | 10% | $69,500 | $50,000 | $19,500 with Strike |
| $1M | 13.9% | 9% | $139,000 | $90,000 | $49,000 with Strike |
| $5M | 13.9% | 7.49% | $695,000 | $374,500 | $320,500 with Strike |
Total year-1 cost includes annualized interest plus origination fees. Rates sourced from each lender's public rate pages as of 2026-06-09.
Both Nexo and Strike use similar custody approaches: custodial and custodial respectively. Nexo uses Custodial. Your Bitcoin is held by Nexo and could be at risk in the event of a hack, insolvency, or regulatory action. Nexo also rehypothecates deposited assets, meaning your collateral may be lent to third parties. Strike uses Custodial. Your Bitcoin is held by Strike and could be at risk in the event of a hack, insolvency, or regulatory action.
Nexo triggers margin calls at 71.4% LTV and liquidates at 83.33% LTV. Strike triggers margin calls at 70% LTV and liquidates at 85% LTV. Strike gives borrowers 72 hours to respond to a margin call. Nexo uses threshold-based triggers without a fixed response window.
| Threshold | Nexo | Strike |
|---|---|---|
| Max Starting LTV | 50% | 50% |
| Margin Call | 71.4% LTV | 70% LTV |
| Margin Call Window | Threshold-based | 72 hours |
| Liquidation | 83.33% LTV | 85% LTV |
Nexo: 33.3 percentage point buffer between starting LTV (50%) and liquidation (83.33%). Strike: 35.0 percentage point buffer between starting LTV (50%) and liquidation (85%). Strike provides a wider safety margin.
Choosing between Nexo and Strike requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. Nexo uses custodial with 10.9%–17.9% APR, while Strike uses custodial with 7.49%–10.5% APR.
On a $250,000 loan, Strike costs $25,000 in the first year versus $34,750 at Nexo, a difference of $9,750. Strike charges no origination fee, so the only cost is interest.
Both platforms use similar custody approaches. Nexo operates via custodial, and Strike uses custodial. Nexo rehypothecates collateral.
Nexo is the better fit for borrowers who need smaller loans or instant access. Strike is the better fit for borrowers who are borrowing $10,000 or more and prefer this platform's specific features.
Key details to be aware of: Nexo: Standard tiers: Base 17.9% / Silver 15. Strike: Monthly-payment interest rates shown (10.5% = 11.
Strike is cheaper. On a $500,000 loan held for 12 months, Nexo costs $69,500 (13.9% APR) while Strike costs $50,000 (10% APR). That is a $19,500 difference in the first year.
Nexo uses custodial and rehypothecates deposited assets. Strike uses custodial. Both platforms present similar custody risk profiles.
Nexo's minimum loan is $50. Strike's minimum is $10,000. Nexo is more accessible for smaller borrowers.
Nexo issues a margin call at 71.4% LTV (threshold-based, no fixed window) and liquidates at 83.33% LTV. Strike issues a margin call at 70% LTV with a 72-hour response window and liquidates at 85% LTV. Starting from a 50% LTV, Nexo provides a 33-point buffer before liquidation, while Strike provides a 35-point buffer.
It depends on your priorities. Nexo (10.9%–17.9% APR, custodial, min $50) is better for borrowers who value custodial and need smaller loan access. Strike (7.49%–10.5% APR, custodial, min $10,000) is better for borrowers who value custodial and prefer this platform's lending structure. Use the rate table and cost comparison above to model your specific scenario.
Lygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.