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Nexo provides crypto owners with a great way to unlock the value of their holdings and get access to instant cash by borrowing against their assets instead of selling them. Once your deposit is confirmed on the blockchain, you can instantly withdraw a loan. No credit check, no loan application to fill out, no waiting for approval, nor any other tedious procedures are needed.

Loan Terms

Interest: The annual percentage interest rate (APR) starts at 5.9%, still much lower than the average credit card rate. Interest is charged only on what you use and for the days you borrow. No minimum loan repayments are required, as interest is debited automatically from your available credit limit.
Maturity: up to 1 year (may be renewed on request without repayment). You can repay all or some of your loan early at any time and you could save interest.

Loan-to-value Ratio

Stablecoins = ~90%
PAXG = ~70%
BTC/ETH = ~50%
XRP = ~40%
LTC = ~35%
BNB = ~30%
BCH = ~30%
EOS = ~30%
XLM = ~17%
NEXO = ~15%

Loan Example

Let’s say you want to buy a $20,000 car and instead of selling your Bitcoin, you would like to use it for an instant crypto-backed loan from Nexo.

Loan Limit: $20,000 (available instantly, without credit checks)
Deposit Required: $40,000 (worth of BTC, which stays yours)
Interest: starts at 5.9% per year APR
Daily Interest: ~$4.44 (debited daily from your available credit limit)
No additional fees. No hidden charges. No installments.

Loan Repayment

You can repay all or part of your loan at any time by bank transfer or using crypto, including the assets deposited in your Nexo Wallet.

Note: In order to receive the full 50% Credit Line Interest Discount, clients must stake enough NEXO Tokens in their Nexo Wallet to cover the interest for the entire period from the moment of withdrawing funds from the credit line up to their desired moment of repayment. Here is a list of exchanges you can purchase NEXO to get the full 50% Credit Line Interest Discount: https://coinmarketcap.com/currencies/nexo/markets/

Video Tutorial

How to Get an Instant Crypto Loan from Nexo: https://www.youtube.com/watch?v=ll3ZZj6IaF4&feature=emb_title

Nexo Mobile App

Apple App Store: https://apps.apple.com/us/app/nexo-crypto-banking-account/id1455341917?ls=1

Google Play: https://play.google.com/store/apps/details?id=com.nexowallet

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