1. Sign up to Nexo
2. Verify your email address
3. Complete basic or advanced verification
Verification conducted by OnFido and only takes a few minutes to be completed and approved.
4. Choose which collateral you want to lodge with Nexo and then click the Deposit
5. Enter how much crypto you plan to lodge
Nexo will let you know exactly what loan they will make available to you, based on their published loan-to-value rates. Proceed by sending the crypto to the address provided.
6. Decide your withdrawal method and withdraw your loan
Nexo will email you as soon as your loan is ready. This usually takes an hour or two.
7. Receive your withdrawal
Nexo will then process the withdrawal and email you once it has been sent. From then on you can monitor your loan limit, additional loan availability and total collateral balance easily.
8. View your account information
Your up-to-date transaction history, including deposits, withdrawals, interest payments etc are shown on your transaction page
9. Repay your loan whenever you want
You can repay all or part of your loan at any time using crypto of fiat by clicking on the Repay Loan button
Read our Nexo review