Instant Crypto Credit Line
Don’t sell your crypto. Don’t lose the upside potential. Keep it and get an Instant Credit Line from Nexo.
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
The Client transfers crypto assets to his Nexo Account according to the Contract, which has pre-written logic based on computer code
Loan Contracts are stored and replicated on the Blockchain, which makes them immutable and verifiable
The Client's crypto assets are securely stored and can be unlocked by Nexo only if the Client fails to repay the Loan
The Nexo Oracle operates autonomously and constantly checks various data points
The predefined conditions written on the Loan Contract are constantly evaluated by the Nexo Oracle through external data sources
The value of the Client's crypto assets is determined in real-time on multiple exchanges in order to minimize risks for both parties
Once any of the code-prewritten conditions of the Loan Contract are satisfied, the code triggers an automated action
Upon appreciation of the value of the Client's crypto assets and after each Loan repayment, the Nexo Oracle self-executes and the Loan limits are automatically increased