Instant Crypto Credit Lines

You can transfer your assets to your Nexo account and get an Instant Crypto Credit Line™.

You can immediately get cash from your credit line by:

• Withdrawing fiat straight to your bank account. You can choose between 40+ currencies.
• Withdrawing USDT or USDC to your Nexo account or another compatible address.
• Using the free Nexo Card.

To open a credit line, you need to:

1. Open the Nexo platform or the Nexo Wallet App.
2. Top up crypto assets and complete verification.
3. Tap the “Borrow” button in your Nexo Wallet to withdraw cash or stablecoins instantly.

Watch this short video on How to get an Instant Crypto Credit Linе™ to learn more about our credit line.

Note: Due to anti-money laundering regulations, you can only use stablecoins to cover 50% of the collateral required for fiat credit. The other half of the required collateral must comprise crypto assets (e.g. BTC, ETH, etc.)

You may also need to provide supporting documents to prove the origin of your funds.

Visit our help center for more detailed information.

The loan-to-value (LTV) ratio is the ratio of the loan relative to the value of the collateral asset).

LTV is calculated as the loan amount in USD divided by the value of the collateral in USD, expressed as a percentage.

Example:

Credit amount: $5,000

Value of collateral: $10,000

Loan-to-Value = ($5,000/$10,000)*100% = 50.0%

For exact LTV on each asset, visit our help center.

No, there are no prepayment, origination or installment fees.

• You can repay your outstanding balance, in part or completely, at any time and you only pay interest for the period you borrowed.
• No minimum repayments.
• No installments – you can make repayments at any time.

The interest you accrue on your credit is added to your outstanding balance daily at 22:00 UTC.

Note: If you repay a loan within 30 days of the last withdrawal, you will be charged interest for the full 30 days.

If your collateral appreciates in value, your credit line limit also goes up. You’re free to withdraw more credit or leave your current loan as is.

You can also use the extra value of your crypto to pay off part of your credit. If your assets have met your price target, then you can:

• Place an order in your Nexo Wallet to sell a fraction of the crypto assets in your account.
• Repay part or all of your outstanding balance.

The transaction is performed without any additional fees on Nexo’s part. Any resulting charges are fees from the exchange that facilitated the trade.

If your collateralized assets decrease in value and you do not add additional assets to your Nexo account after receiving warnings from the Nexo blockchain oracle, the Nexo Oracle may initiate partial automatic loan repayments to rebalance the Loan-to-Value back within limits.

To avoid this scenario, you can enable our Automatic Collateral Transfer feature. Here’s how it works: when you don’t cover the required LTV ratio, the Nexo Oracle will automatically transfer a small portion of your assets from the Savings Wallet to the Credit Line Wallet to fulfill the gap, thus keeping your loan health in check.

You can withdraw from your Nexo credit line as many times as you want as long as you:

• Maintain the required loan-to-value ratio, and
• Have enough collateral in your Nexo account to cover your credit.

Note: If there is not enough collateral in your Credit Line Wallet for a credit withdrawal, assets from your Savings Wallet will be transferred automatically to your Credit Line Wallet.