In this dose of Why Nexo, we’ll explore how the Instant Crypto Credit Lines™ make HODLing and growing your crypto wealth easier.
Borrow to HODL
Even when you want to hold onto your crypto or other investments, life can get in the way with various urgent or unexpected expenses. A credit line allows you to use the liquidity behind your assets without selling them, giving you the freedom to HODL for as long as you like.
Borrow to Buy More Crypto
Sooner or later there comes a time in every investor’s life when HODLing just isn’t enough anymore. In that case, you can use the Instant Crypto Credit Lines™ to borrow against your existing wealth and buy more assets, thus expanding your investment portfolio. This includes purchasing crypto and/or more traditional assets like stocks, gold or even real estate, like Brock Pierce did with our credit lines in 2018.
A Quick Note: Crypto-backed Credit vs. Bank Loans vs. Selling Crypto
If you’re still wondering what makes Nexo’s credit lines a better alternative to traditional loans, we have a separate article for that: Bank Loans vs. Selling Crypto vs. Crypto-backed Credit: Why Are the Instant Crypto Credit Lines™ Better Than Regular Loans? This article will help you differentiate between crypto credit and a regular bank loan. You can also read about the four main advantages Nexo’s Instant Crypto Credit Lines™: cost-efficiency, flexibility, speed & convenience, accessibility & inclusivity.