Milo vs Xapo Bank

Milo3.8/5

VS

Xapo Bank4.3/5

Feature	MiloVisit	Xapo BankVisit
Ratings
Our score	3.8/5	4.3/5
User rating	No reviews yet	No reviews yet
Rates	3.0	4.0
Security	4.5	4.5
Transparency	4.0	4.5
Flexibility	3.5	4.0
Support	3.5	4.5
Specs
KYC required	Yes	Yes
Products	Crypto-backed loans	Savings / earn, Crypto-backed loans
Highest advertised APY	Not disclosed	4.6%
Max loan-to-value	100%	40%
Loan APR from	7%	Not disclosed
Supported assets	3	Not disclosed
Available in	United States	United Kingdom, Global
Insurance	Custody insurance via BitGo and Coinbase	Gibraltar Deposit Guarantee Scheme covers USD deposits up to £120,000 equivalent; Lloyd's of London covers BTC custody
Licenses & registrations	Licensed mortgage lender in 10+ U.S. states, NMLS registered	Gibraltar banking licence (GFSC)
Flexible (withdraw any time)	Not disclosed	Yes
Fixed terms	Yes	Not disclosed
Auto-compounding	Not disclosed	Yes
Company
Founded	2018	2013
Headquarters	United States	Gibraltar
Investors	M13, MetaProp, QED Investors	Not disclosed
Strengths and weaknesses
Pros	Over $250 million originated across digital mortgage and cash lending products Pledged collateral is held without rehypothecation at Coinbase and BitGo Self-custody mortgage option removes the threat of margin calls Licensed direct mortgage lender holding licenses in 10+ U.S. states	Licensed Gibraltar bank with deposit guarantee up to £120,000 on USD USD savings earn daily interest paid directly in Bitcoin Bitcoin custody balances are legally segregated from bank operating assets BTC-backed loans allow liquidity up to 40% LTV without selling holdings
Cons	Loan APR starts at 10.75% alongside a 2% origination fee Mandatory identity verification and standard mortgage underwriting on all files Self-custody reserve mortgages require a minimum loan balance of $200,000 Custodial loans face margin liquidation risk if crypto asset prices drop	$1,000 annual membership fee limits value for smaller depositors Bitcoin holdings are not covered by the Gibraltar Deposit Guarantee Scheme The BTC Credit Fund introduces counterparty credit risk via institutional lending Mandatory KYC identity verification required before account access
Best for	Crypto holders buying U.S. real estate, Borrowers avoiding capital gains taxes, Bitcoin holders wanting self-custodial reserves	High-net-worth Bitcoin holders, Savers accumulating Bitcoin yield from cash, Borrowers seeking non-taxable liquidity

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