Verified against apxlending.com on 6 Sep 2026. Terms change; confirm before borrowing.
How APX Lending works
APX Lending is a regulated Canadian crypto lender (also open to US borrowers) offering fixed-rate loans against Bitcoin and Ethereum. You post crypto, it’s held in a dedicated insured BitGo Trust cold-storage wallet (segregated, never pooled or re-lent), and you borrow CAD or USDC in Canada, or USDC in the US. Terms run 3–60 months with interest-only or amortized options and no credit check.
Rates & fees
APX charges a tiered APR by loan size: 11.49% under $100K (cut from 12.99%), 10.99% from $100K–$1M (down from 11.49%), and 9.99% over $1M (unchanged). There are no origination, admin or hidden fees — interest is the only cost (a minimum of three months’ interest applies if you close early). Interest accrues daily and is billed monthly.
LTV & liquidation
You can borrow 20–60% of your crypto’s value, a conservative maximum. Your LTV updates in real time; if it rises to 90% because the market drops, your position is liquidated, with automated alerts before that happens. The 60% cap plus a 90% liquidation point leaves a healthy buffer.
Custody & safety — why we rate APX Lending Medium relative risk
Source: APX security — BitGo Trust insured custody ↗
APX holds collateral in dedicated BitGo Trust wallets, insured up to $250M, segregated and never re-lent or pooled, with on-chain visibility. It is the only CSA-approved crypto lender, registered with FINTRAC and FinCEN, and SOC 2 attested — unusually strong compliance. We rate it Medium rather than Lower because it’s a newer, regional operator without the multi-year, multi-cycle track record of our Lower-rated names. See the risk methodology.
What a $100,000 APX Lending loan costs
Smaller loans pay 11.49%; loans over $1M drop to 9.99%. Canadian minimum is $10K CAD; US minimum is $25K USDC. Figures illustrative.
Pros & cons
Strengths
- Insured, segregated BitGo Trust custody; no rehypothecation
- Only CSA-approved crypto lender; FINTRAC/FinCEN-registered
- SOC 2 attested; on-chain wallet visibility
- $0 origination, admin or hidden fees
- Conservative 60% maximum LTV
Trade-offs
- Higher retail rate (11.49% under $100K)
- Newer, Canada-first regional operator
- Higher minimums ($10K CAD / $25K US)
- Bitcoin and Ethereum only
Who APX Lending is best for
APX suits compliance-minded borrowers — especially Canadians — who want insured, segregated custody and regulatory oversight. If you want a lower rate, compare Lantern (8%) or Strike; for the strongest custody model, see Unchained.
FAQ
What is APX Lending's interest rate?
A tiered APR: 11.49% under $100K, 10.99% from $100K to $1M, and 9.99% over $1M — the same whether you take CAD or USDC.
Where is my Bitcoin held at APX?
In a dedicated BitGo Trust cold-storage wallet, insured up to $250M, segregated and never re-lent or pooled. You can verify it on-chain.
What is APX's minimum loan?
$10,000 CAD/USDC in Canada, or $25,000 USDC in the US.
Is APX Lending safe?
It is the only CSA-approved crypto lender, FINTRAC/FinCEN-registered and SOC 2 attested, with insured, segregated BitGo custody and no rehypothecation. We rate it Medium relative risk given its shorter track record. No loan is risk-free.
See APX Lending next to every other lender
Live rates, LTV, liquidation thresholds, custody, and minimums for every lender we track in one verified table.
Open the comparison →