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Where do I see the address where I need to deposit the collateral for my Nexo loan?

In your Nexo Wallet at platform.nexo.io, there is a “Deposit” button next to each collateral option where you can see the Deposit Address of the particular cryptocurrency. It is important to note that by depositing you acknowledge that Nexo is not responsible for any coins sent to the wrong address.

You can also deposit from exchange wallets. The processing is as follows: BTC deposits will appear after six network confirmations; ETH and ERC20 deposits will appear after 50 network confirmations. After making a deposit you can track its progress on the Transactions page in your Nexo Wallet. No interest is charged until you make a loan withdrawal from your available loan limit. Your crypto assets are held in multi-signature wallets and cold storage at world-renowned custodian BitGo.

BitGo is backed by Goldman Sachs and is Cryptocurrency Security Standard Level 3 as well as SOC 2 compliant.

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