About Nexo
Nexo offers crypto-backed credit lines, letting users borrow against BTC, ETH, and 100+ other assets without selling their holdings.
Pros & Cons
Pros
- Instant funding
- No origination fee
- Flexible repayment
- Broad collateral support (100+ assets)
Cons
- The lowest advertised APR requires holding the NEXO token at a low LTV
- Most users pay a higher base APR
- Terms and LTV vary by region and are not always publicly disclosed.
Who is Nexo best for?
Nexo is best suited for users who already hold NEXO tokens and want to take advantage of the lowest rate tiers; other users should expect a significantly higher base APR.
Nexo platform screenshots
Below is a preview of the Nexo loan dashboard and mobile app.
Loan terms & rates
Max LTV
50%
APR range
1.9% – 18.9% (Variable)
Liquidation threshold
See website
Loan type
CEFI
Loan term
Flexible / no fixed term
Disbursement speed
Instant
Loan amount range: $50 – $2,000,000
Fees: No origination or monthly fee. Partial automatic repayment from collateral upon liquidation
Key features
- Instant crypto credit line
- No credit checks
- No fixed repayment schedule
- Nexo Card with cashback
- Tiered APR based on NEXO token holdings
Repayment options
- Repay anytime, partial automatic repayment from collateral
Supported collateral
- BTC, ETH, NEXO, and 100+ other digital assets
Supported borrowed assets
- USD, USDC, EUR, and other fiat/stablecoins depending on region
Security & custody
- Insured custody partners
- No lock-up required
Custody model: Third-party custodian (Nexo Wallet)
Incident history: US exit in 2022, SEC settlement in 2023 over the Earn product, US relaunch in February 2026.
Regulation & compliance
EU-regulated, MiCA license pending; relaunched in the US in February 2026 via regulated partner Bakkt following a 2023 SEC settlement.
KYC required: Yes