Minimum Loan Amount Now $1,000, Loans Available in Stablecoin in Addition to 40+ fiat currencies

Nexo
Nexo
Jul 9, 2018 · 3 min read

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.

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.

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.


Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!

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Nexo

Nexo is the most advanced and trusted instant crypto lending provider on a global scale, servicing 45+ currencies across more than 200 jurisdictions. Nexo has provided tens of million of dollars worth of loans to an ever growing base of thosands of happy clients.

Nexo

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Nexo

The World’s First Instant Crypto Loans. Our official website is https://nexo.io

Nexo

Nexo

Nexo is the most advanced and trusted instant crypto lending provider on a global scale, servicing 45+ currencies across more than 200 jurisdictions. Nexo has provided tens of million of dollars worth of loans to an ever growing base of thosands of happy clients.

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