Effective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.
A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.
With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.
APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!
Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.
Watch this short video on how a loan from Nexo works.
Apart from profiting in a rising market, the Nexo approach provides healthy leverage for your portfolio, tax efficiency and the flexibility of instant access to cash across more than 200 jurisdictions and in 40+ fiat currencies, whenever you might need them.
Now that the worst of the bear market is likely behind us, there is no better time to make use of Nexo’s tax-efficient instant crypto credits. To get going today, please follow these three simple steps!
It is not truly crypto spring until we are all part of it, so share Nexo’s unique proposition with those closest to you.