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APX Lending
APX Lending: published 9.99%–11.49% fixed APR by loan size, 60% max LTV, BitGo custody. Safety score 6.2/10.
Run your numbers
What happens if BTC drops.
The single most important question on a Bitcoin loan. With APX Lending, liquidation is a managed process. If your loan-to-value rises toward the liquidation threshold below, APX Lending works through margin calls before any collateral is sold.
At APX Lending's 60% opening LTV, BTC would have to fall 33% before a position opened at that LTV reaches the 90% liquidation threshold.
Cure window: Alerts before 90%; no mandatory margin-call cure window publicly fixed on the loans page.
What APX Lending publishes: If LTV reaches 90%, APX’s 90/85 Standard partially liquidates only enough collateral to bring LTV back to approximately 85%, with a 0% liquidation fee. Automated alerts fire before liquidation. Verify exact alert cadence and cure options in your loan agreement.
The terms, translated.
With APX Lending, the “contract” is the loan agreement and the platform’s risk parameters. We've pulled the key terms from APX Lending's own data and translated them into plain English.
How APX Lending compares to its closest cousins.
The org, the founder, the governance.
Q.429 initial add from primary pages apxlending.com and apxlending.com/loans (2026-09-14). Q.431 accepted the 6.18 composite as a signed editorial score. Fixed rates by loan size with no origination or management fees (APR equals the rate). US minimum USDC 25,000; Canada minimum C$10,000 or USDC 10,000. BTC and ETH collateral. Interest accrues daily, billed monthly; minimum three months’ interest if closed early. Affiliate/partners URLs 404 — affiliate_available false.
The 8-factor breakdown.
Custodial. Scores 7/10 (solid) on the custody axis. Non-custodial designs score highest because no third party can move collateral; custodial designs lose points proportional to operator discretion.
Policy: none. Scores 8/10 (solid). "Strict" / "no-rehypothecation" policies score highest because collateral cannot be lent out; "permitted" policies lose points for exposure to counterparty failure on the re-pledged BTC.
Scores 6/10 (moderate). Programmatic on-chain liquidation at a fixed LTV scores highest (predictable, no operator discretion); discretionary or off-chain liquidation processes lose points proportional to opacity and timing risk.
Regulatory status: registered. Scores 7/10 (solid). US/EU-regulated lenders with explicit licensing score highest; offshore or DAO-governed entities lose points because there's less recourse if something goes wrong.
No public reserves reporting. Scores 4/10 (weak). Without auditable reserves disclosure, depositors have no independent confirmation that the assets exist and are unencumbered.
Scores 6/10 (moderate). Lenders that publish operating reports, smart-contract code, and live rate/LTV parameters score highest; those that bury terms in PDFs or change rates without notification lose points.
3+ years operating since 2023. Scores 4/10 (weak). Older operations with surviving stress events (March 2020, Nov 2022, etc.) score highest; younger or untested operations lose points proportional to how many full cycles they've operated through.
Scores 5/10 (moderate). Loan agreements with explicit liquidation order, segregated-account language, and clear borrower recourse score highest; ambiguous default terms lose points.
Same score, different shape.
Each spoke is one of the eight factors behind APX Lending's 6.2/10, plotted 0–10 and ordered by methodology weight. The filled shape is the lender's safety profile. Two lenders can share an overall score and still have opposite shapes — a balanced octagon is a very different risk than a spike on one axis with thin edges everywhere else. APX Lending is strongest on rehypothecation (8/10) and thinnest on track record (4/10).
Questions readers actually ask about APX Lending.
What makes APX Lending different from other BTC lenders?
APX Lending publishes a loan-size APR ladder (9.99%–11.49%) with no origination or admin fees, 20–60% LTV, and BitGo Trust segregated custody with no-rehypothecation language. Pledge scores it at 6.18/10. It is available in the US and Canada; CSA / FINTRAC / FinCEN claims are taken from APX’s own pages.
What are APX Lending Bitcoin loan rates?
APX publishes fixed APRs by loan size — currently 9.99–11.49% in the tracked dataset (11.49% under $100K, 10.99% $100K–$1M, 9.99% over $1M). There is no origination fee, so APR equals the stated rate.
What is APX Lending’s maximum LTV?
APX lets borrowers take 20–60% LTV against BTC or ETH. Higher LTV means more borrowing power and a thinner buffer before the 90% partial-liquidation trigger.
What happens if BTC drops with an APX loan?
If LTV reaches 90%, APX’s published 90/85 standard partially liquidates only enough collateral to bring LTV back to about 85%, with a 0% liquidation fee. Automated alerts fire before 90%. Confirm exact alert cadence and cure options in the loan agreement.
Where is APX Lending collateral held?
APX’s public pages say BTC and ETH collateral is held in BitGo Trust segregated cold storage with no rehypothecation and on-chain visibility. No published proof-of-reserves attestation was found on APX pages in the 2026-09-14 review.
The receipts.
Every figure on APX Lending traces to a primary document. These are the ones we read — open any of them.
Published fixed-rate ladder by loan size (11.49% under $100K; 10.99% $100K–$1M; 9.99% over $1M), 20–60% LTV, 3–60 month terms, $0 origination/admin, BitGo Trust segregated custody, 90/85 partial liquidation with 0% liquidation fee, US min USDC 25,000 / Canada min C$10,000 or USDC 10,000. Re-verified 2026-09-14.
- APX Lending homepage ↗Verified
Rates from 9.99%, no credit checks, no rehypothecation, $250M insured BitGo cold storage, CSA-approved / FINTRAC & FinCEN registered, US and Canada only.
APX Lending launched August 2023 by the team behind Coinberry; FINTRAC and FinCEN registration stated at launch.