Nexo charges 6.9%–18.9% APR with $0 origination fees using custodial. Strike charges 7.49%–10.5% APR with $0 origination fees using custodial (proof-of-reserves for 50+ btc). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-05-14
Strike advertises a lower headline rate at 7.49%–10.5% compared to Nexo's 6.9%–18.9%. 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 $44,000 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% | 9.5% | $34,750 | $23,750 | $11,000 with Strike |
| $500,000 | 13.9% | 9.5% | $69,500 | $47,500 | $22,000 with Strike |
| $1M | 13.9% | 9.5% | $139,000 | $95,000 | $44,000 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 2026-05-14.
Both Nexo and Strike use similar custody approaches: custodial and custodial (proof-of-reserves for 50+ btc) 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 (proof-of-reserves for 50+ BTC). 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 6.9%–18.9% APR, while Strike uses custodial (proof-of-reserves for 50+ btc) with 7.49%–10.5% APR.
On a $250,000 loan, Strike costs $23,750 in the first year versus $34,750 at Nexo, a difference of $11,000. 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 (proof-of-reserves for 50+ btc). 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: Base tier 18.9% is the rate most users actually get. Strike: 0.79% fee if repaying with BTC collateral, 0.
Strike is cheaper. On a $500,000 loan held for 12 months, Nexo costs $69,500 (13.9% APR) while Strike costs $47,500 (9.5% APR). That is a $22,000 difference in the first year.
Nexo uses custodial and rehypothecates deposited assets. Strike uses custodial (proof-of-reserves for 50+ btc). 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 (6.9%–18.9% APR, custodial, min $50) is better for borrowers who value custodial and need smaller loan access. Strike (7.49%–10.5% APR, custodial (proof-of-reserves for 50+ btc), min $10,000) is better for borrowers who value custodial (proof-of-reserves for 50+ btc) and prefer this platform's lending structure. Use the rate table and cost comparison above to model your specific scenario.
Already borrowing with Strike? See your interest savings, terms head-to-head, and counterparty risk on your own numbers.
Open Compare LendersLygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.