Lower Minimum Loan Amounts
In our pursuit to be as inclusive as possible, based on our 10+ years of experience in automating processes,
Nexo has been able to quickly lower the minimum for its instant crypto-backed loans to $1,000.
The move follows the large number of requests we received from all around the globe to bring the minimum down, most notably Africa and Southeastern Asia. As always, we listened to the community and put in substantial efforts to offer our loans to an ever wider audience of crypto enthusiasts. We keep on working in this direction, so the minimum loan amount will continue to decrease in the months to come, making our loans even more affordable.
In the same context of measures, back in June 2018, we increased our maximum loan limits to $2,000,000.
Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions
We are glad to see the excitement among Nexo’s clients about our instant crypto-backed loans. Nexo provides crypto…
Nexo Loans in Stablecoin — Tether (USDT)
In addition to the existing lending capabilities in 40+ fiat currencies, Nexo customers can now borrow instantly in Tether (USDT) as well.
Tether (USDT) is the largest stable coin. Its role is to help counter the historically high volatility of the crypto market. Launched in 2014, it is backed one-for-one by the US dollar with its price pegged at $1.
Following an 11x oversubscribed Private Sale earlier in 2018 and our product launch shortly after, we are tirelessly working on improving the Nexo Platform and our crypto-backed loans, adding new features and collateral options.
The Benefits of NEXO Tokens When Borrowing
NEXO Dividend Tokens are a very popular option with borrowers. Clients, staking their NEXO Dividend Tokens as collateral for a loan, receive a 50% discount on the part of the loan backed by the NEXO Tokens.
Repaying loan interest using NEXO Tokens also gives users a 50% discount on their interest.
Please note that the two types of discounts cannot be combined.
All NEXO Dividend Tokens kept in clients’ Nexo Wallets are, of course, entitled to a dividend payout,
regardless of whether the tokens are backing a loan or just kept in the Nexo wallet for secure safekeeping thanks to multi-signature and cold-wallet storage methods, provided by our partner BitGo, the only SEC-approved and Goldman Sachs-backed custodian.
Nexo Teams up with BitGo to Ensure Security of Clients’ Crypto Assets
Market leader and multi-signature technology pioneer BitGo henceforth holds clients’ crypto assets for Nexo, the…
Check out the Nexo Platform and the available instant loans, to maximize the value of your crypto wealth and benefit fully from the many opportunities it offers.