Onramp Lending vs Foundation (Passport)
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Onramp Lending vs Foundation (Passport): What the Data Shows
Onramp Lending (yield and lending) and Foundation (Passport) (dedicated custody) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? The scores are close — Onramp Lending at 84/100 (A-) and Foundation (Passport) at 82/100 (A-). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.
Where Each Platform Wins
On custody and security, these two are within 3 points of each other (88 vs. 85). When custody scores are this close, look at the specifics: key management model, insurance coverage, and whether either platform has a single point of failure. On fees, Foundation (Passport) wins by 14 points. Foundation (Passport) charges ~$200 compared to Varies by loan at Onramp Lending. Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators. Onramp Lending's strongest advantage is in features (84 vs. 70), where Onramp Lending's product breadth and tooling makes a measurable difference.
The Custody Question
Both Onramp Lending and Foundation (Passport) have addressed the single-point-of-failure problem — neither relies on a single custodian or a single set of keys. That puts both platforms ahead of the majority of the industry. The difference comes down to implementation: Onramp Lending uses Multi-Institution Collateral, while Foundation (Passport) uses Hardware Wallet.
Bottom Line
Onramp Lending edges out Foundation (Passport) by 2 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize borrow against btc with multi-institution collateral custody. no rehypothecation. over open source hardware and software. beautiful industrial design. bitcoin-only.. Keep in mind these platforms target different audiences — Onramp Lending is built for hnw borrowers, while Foundation (Passport) serves bitcoin purists. One thing to watch with Foundation (Passport): smaller company. physical exposure risk. self-custody burden..
Which is better, Onramp Lending or Foundation (Passport)?
Based on our six-category scoring methodology, Onramp Lending scores higher at 84/100 compared to 82/100. The biggest differentiator is custody security, which accounts for 35% of the overall score. However, the right choice depends on your individual needs — review the category breakdown above.
Is Onramp Lending safe for storing Bitcoin?
Onramp Lending scored 88/100 on custody and security in our methodology. It has no single point of failure, distributing custody across multiple entities. Its custody model is classified as Multi-Institution Collateral. Always verify these details and do your own research.
Does Foundation (Passport) have a single point of failure?
No. Foundation (Passport) has eliminated single-point-of-failure risk through its Hardware Wallet model, distributing keys or access across multiple entities.
What are the fees for Onramp Lending vs Foundation (Passport)?
Onramp Lending charges Varies by loan. Foundation (Passport) charges ~$200. Onramp Lending scored 76/100 on fees versus 90/100 for Foundation (Passport) in our methodology.