How The Nexo Instant
Crypto Credit Line Works
Crypto assets are secured by
renowned custodian BitGo
Receive an instant flexible credit line
using our fully automated process
Spend from the credit line at any time.
From 5.9% per year APR on what you use
Interest is debited from your available limit.
Make repayments at any time
Nexo has a fully operational instant lending platform with seamless user experience and military-grade security with 256-bit encryption.
Your Crypto Credit Line limit is based on the market value of the crypto assets in your Nexo Account. Additional credit is automatically and instantly available upon appreciation of your crypto’s value
"I am really impressed, in less than 3 hours I applied for a loan leaving NEXO tokens as collateral and they already transferred the funds in Tether to continue making investments in Cryptography. Thank you, Nexo - really amazing!"
"Needed some fiat but didn't want to sell any of my precious #altcoins. Used my $NEXO as collateral on Nexo and got a loan for $55K USD almost instantly. No credit check, just what I needed 😌"
"I'm extremely bullish on $Nexo too. Took out my 2nd loan on Friday, within 1hr it was approved and I had USDT sitting in my Binance account. This is an innovation."
"I see nexo being the gold standard in crypto lending. Like BNB is in the exchange token space nexo will be in crypto lending."
"Incredible project, incredible team. Took some loan, instant payment, I thought it was just buzzwords, but I got the money in a few hours. Insane!"
"What a fantastic service to all the crypto believers. Just bought a new car on crypto loan through Nexo. Great time to be buying the $NEXO token."
"You guys definitely deserve to be praised. Took 3 loans already and none of them has taken more than a day. $NEXO will definitely be my biggest bag for coming years. Keep doing what you do. Good luck!"
"I’m impressed by the great token utility as I can take a loan against $NEXO while those same NEXO tokens will also earn me dividends ❤️every month."
"Just a note to say I've had another brilliant experience with Nexo, having received funds to my account after requesting a loan last night."
"Did my first loan. Was easy, fast and I got in the trade I wanted. Best part is - I still have my BTC!"
"Just got a loan with Nexo very smooth process! I Think I might invest. Cool!"
"Thanks for the loan! One of the few projects that actually works well! Congratz 💪"
"It took literally less than 24 hrs from funding Nexo account to cash in my bank account! Good job Nexo!"
"Instant" is the important keyword. I've gotten loans approved/transferred from them in under 15 minutes."
Nexo In Numbers
Processed for 550,000+ Nexo Users
Jurisdictions and 45+ Fiat Currencies Supported
Insurance on custodial assets
Followers on Twitter
35,000+ Community on Telegram
25,000+ Facebook Fans
of Successful Track Record in
Around the Clock Customer Support
Most often used by banks and other financial institutions to fortify their operational infrastructure, Ripple is both a distributed open source internet protocol and a cryptocurrency. It managed to rise to astonishing prominence during 2017. It has continued to dominate via its market capitalization, sitting within the top three cryptocurrencies since that time. Here are some interesting facts and a brief overview of Ripple - ticker symbol (XRP).
Ripple can be described as a real-time gross settlement system (RTGS) as well as a currency exchange and remittance network. It supports tokens that represent a wide range of items of value from fiat money, commodities and cryptocurrency to frequent flier miles and mobile minutes.
Ripple was founded in 2013 by Ripple Labs Inc. – a group of developers who had been working on prototypes of this kind of system dating back to 2004. The "Ripple" name can refer to three identities related to the project: Ripple Labs (the founding company that oversees the development of Ripple), the Ripple Transaction Protocol (RTXP), and the network's native cryptocurrency, (XRP), also known as Ripples.
The Ripple protocol (XRP) was created to enable the near-instant and direct transfer of money between two parties. The main purpose of the Ripple platform is to enable the movement of large amounts of currency, cryptocurrency and other values around the world rapidly. While it can be used for individual-to-individual transactions, the platform was primarily built for banks, other large institutions and payment providers.
The use of XRP is totally independent of the Ripple network in general. Consequently, banks can use Ripple software to transfer money between different foreign currencies. Ripple Labs has claimed that over 100 major banks worldwide have signed up to the Ripple network (RippleNet).
Ripple is based on a shared public database that is managed by a network of independently validating servers that constantly compare transaction records. This common ledger makes use of a consensus process between those validating servers to ensure integrity. While it is consensus-oriented, Ripple is not a blockchain. Instead, it uses the Ripple Protocol Consensus Algorithm (RPCA).
RippleNet is the network of financial institutions that uses the following Ripple products:
Like other cryptocurrencies, XRP can be divided down to many decimal places – in Ripple's case 6 decimal places. These Ripple fragments are referred to as "drops".
1 Drop = 0.000001 XRP
There are currently approximately 40.3 billion units of Ripple in circulation, and the cryptocurrency's total supply is approximately 99.99 billion XRP.
This finite and slowly depleting supply of Ripple makes it deflationary.
Transaction Speed - Unlike the transaction speed issues that have plagued many other cryptocurrencies (such as Bitcoin), Ripple can handle 1,500 transactions per second (tps). It has recently been updated to scale to levels similar to Visa at 50,000 tps.
Minimal Transaction Fees- Unlike some other cryptocurrencies, Ripple has a minimal internal transaction commission of just 1 drop (0.000001 XRP). This is designed to prevent DDoS attacks.
Legitimacy - Ripple Labs is an official organization that has earned the trust of many banks. It is not just another blockchain startup from an unknown company.
Price Volatility - While Ripple began at a very low value when it launched and for its first few years, it has steadily increased as the cryptocurrency market has grown exponentially over the last few years. It is common to see the value of Ripple increase or decrease by 5 percent or more in a single day.
Questionable Decentralization - When 100 billion XRP was created, 20 billion XRP (or 20 percent) was retained by the founders of Ripple Labs. This centralized control is in direct contrast to the ideals and advantages of decentralized blockchains like Bitcoin.
Nexo is now offering Instant XRP (Ripple) Crypto Loans. Investors now have the ability to offer their XRP up as collateral for a XRP loan. This Instant Ripple Crypto Loan will allow investors to hold onto their XRP and receive borrowed crypto assets against their holdings.
Due to its popularity as one of the top three most widely held cryptocurrencies, XRP has a vast range of holders around the globe. Many of these XRP investors tend to sit on their holdings while it remains idle or in little use for long periods of time, and not allow it to be used in any earning capacity. Nexo can now offer a solution to this problem by allowing existing XRP holders to borrow against their existing holdings.
Also, by retaining XRP via an XRP loan with Nexo, investors do not risk losing any of the upside potential in the long term. In fact, an XRP loan could be the difference in securing a larger portfolio net worth in the present climate of the crypto market.