Get as much or as little as you want, whenever you want with the most flexible crypto credit line out there.
Opportunity to grow
Lower interest rates
No origination fees
No paperwork to fill
No monthly repayments
No impact on credit score
The Nexo Booster offers a quick way to increase your purchasing power, using funds that exceed your balance. Buy up to 3 times more of the coins you want, using your newly-acquired assets as collateral for a crypto-backed credit.
NEXO Token15% LTV
USD Coin90% LTV
Binance USD90% LTV
Pax Dollar90% LTV
PAX Gold70% LTV
Axie Infinity33% LTV
NEAR Protocol33% LTV
Bitcoin Cash30% LTV
The Sandbox30% LTV
Curve DAO30% LTV
Lido DAO30% LTV
1inch Network30% LTV
Ethereum Name Service30% LTV
Frax Share30% LTV
Convex Finance30% LTV
Kyber Network30% LTV
Basic Attention Token30% LTV
Enjin Coin30% LTV
Pancake Swap30% LTV
The Graph30% LTV
Huobi Token25% LTV
Sweat Economy10% LTV
40+ more fiat currencies
If your collateral starts to depreciate, our Nexo blockchain oracle will send you an SMS and email encouraging you to partially repay your crypto credit or add extra collateral.
In case you don’t take any action, the blockchain oracle will automatically transfer assets from your Savings Wallet to your Credit Wallet to keep your credit line health in check.
And if you don’t have assets in your Savings Wallet, the Nexo blockchain oracle will use portions of your collateral to initiate automatic credit repayments – just enough to fill the gap.
Unlike a traditional loan that takes your credit score into account, Nexo offers crypto-backed credit lines where your digital assets act as collateral. Put simply, we give you fiat or stablecoins, and you provide crypto as security for repayment.
Once you top up, you can immediately get cash from your credit line by:
To open a credit line, you need to:
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 Nexo crypto-backed credit lines are instant and guaranteed, you will receive your funds on the same or the next day.
The processing time is as follows:
Your interest rate depends on your Loyalty Tier which is determined by the ratio between the value of your NEXO Tokens and the total value of your portfolio:
To learn more about how our Loyalty Program works, click here.
A credit line’s loan-to-value (LTV) ratio determines the amount of crypto collateral you need in order to take out a crypto credit.
LTV is calculated as the ratio between the crypto credit amount in USD and the value of the collateral in USD, expressed as a percentage.
Crypto credit amount: $5,000
Value of collateral: $10,000
LTV (%) = ($5,000/$10,000)*100% = 50.0%
For the exact LTV for each digital asset, visit our Help Center.
If your collateral's value increases, your credit line limit also goes up. You’re free to withdraw more or leave your current credit line 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:
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 your loan-to-value ratio (LTV) will rise. You will receive a minimum of three margin calls (via SMS and email) when the LTV increases to 71.4%, 74.1%, and 76.9%.
If the value of your collateral continues to drop and your LTV reaches the 83.33% mark, the Nexo blockchain oracle may initiate partial automatic repayments to rebalance the loan-to-value ratio back within limits. The blockchain oracle will sell as little as possible, so you retain as much of your crypto as possible.
To avoid this scenario, top up more assets and enable our Automatic Collateral Transfer feature, allowing the Nexo blockchain oracle to automatically transfer a small portion of your assets from the Savings Wallet to the Credit Line Wallet, thus keeping your credit line health in check.
Nexo is raising the bar for the entire blockchain space by utilizing the most rigorous KYC and AML policies, impeccable risk assessment, data protection, and enhanced cybersecurity.
We keep your collateral safe through our multifaceted approach to security, including:
You can learn more about our security and insurance here.