Basic Verification (for loans up to $10,000)

You will be asked to verify your account by entering your information and submitting it for review. You will not be required to upload any documents.

Advanced Verification (required for 30% dividends, the Nexo payments card, and for bank withdrawals up to $2,000,000)

To complete the process, take a photo with your mobile phone or upload an existing copy of your Passport, Driver’s License or ID card.

Deposit Crypto Assets to Your Secure Nexo Wallet

Presently, you can make a deposit, choosing from Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), NEXO Tokens and Binance Coin (BNB), with new collateral options being added regularly (you can vote here).

Crypto assets are held in multi-signature wallets and cold storage at BitGo custodian (backed by Goldman Sachs) and PrimeTrust.

Click “Deposit”, and enter the desired amount. You can increase your Loan Limit by placing more crypto into your Nexo Wallet at any time.

We have recently decreased the minimum loan amount to $500 and increased the maximum limit to $2,000,000.

The Loan Limit is dynamically determined by the Nexo Oracle algorithms, depending on the current and historical volatility and market liquidity of the particular assets.

Depending on the type of assets you deposit, the loan-to-value (LTV) ratio ranges from 20% to 50%. Example: If you stake $10,000 worth of BTC, you will be able to withdraw an instant loan of approximately $5,000, i.e an LTV of ~50%. If you place a mix of assets, the LTV ratio will be determined proportionately.