Original archived Re: guaranted no chargeback scam payment methods
Scraped on 23/08/2025, 20:11:07 UTC
The terms/info for getting a loan (credit line, as they say it in Nexo) aren't so simple as you say. Firstly, the interest for low portfolios is 18.9% and not 18%. Secondly, it's compounding per day, and that changes the repayment amount. Lastly, you can indeed drop it to 2.9%, but you need to have a portfolio of at least $5k, 10% of it will have to be in their token, AND your LTV remains below 20%. Our OP doesn't even have $2k to make a "trade", not to retain a $5k balance permanently on Nexo!😂
Of course I had to simplify and can't explain all fees and so on since there are many cases . anyway this is a truly solution and I can confirm that I have used many times for amounts similar to OP.
And please be aware that more or less the count above is correct. If OP doesn't have conditions for best rate market he can borrow at 1,9% monthly.
I have even realized an easy tool that allow to customize some of these calculations, you can find here
https://bitcointalk.org/index.php?topic=5526183.msg65158742#msg65158742https://docs.google.com/spreadsheets/d/1tuBB1ao7CBPe9Lih6vkTjNF-VTN32OCpQAIo2sSKXsA/edit?gid=0#gid=0 i have 5k in crypto but will borrow just for a few days max and then pay back because its for otc deals. lets say i borrow at 1.9% and pay back in 2 days how much are they going to charge me in total ?