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How to take out a fiat loan?


Taking out a loan from Nexo is a straightforward process. You can:

1. Watch this ~4.5 minutes long video:

2. Read the explanation below.

3. Check this article where you can also find screenshots and examples.


You can transfer your crypto assets to your Nexo account and get an instant crypto loan (credit line), which you can immediately access using the free Nexo Card or by withdrawing in 40+ currencies to your personal/business bank account, or in USDT to your Tether address, or in USDC to your USD Coin address.


In order to obtain a loan, follow these steps:

  1. Sign up for your Nexo account at;
  2. Deposit your crypto assets or buy crypto on the Nexo Exchange. The platform supports BTC, ETH, PAXG, XRP, LTC, XLM, BCH, EOS, LINK, TRX, stablecoins, NEXO, BNB, ADA, DOT, DOGE, UNI, SOL, AVAX, MATIC, AXS, and LUNA with new major altcoins being added on a regular basis.

    IMPORTANT! Please note that Nexo does not support wrapped coins that are pegged to (i.e., represent) coins from another blockchain. Тransferring such assets to your Nexo account will result in permanent loss. Make sure to always transfer BTC/BCH native as well as ETH, NEXO, USDT, USDC, TUSD, DAI, USDP, LINK, UNI, AXS, and PAXG created on the Ethereum blockchain.

  3. Undergo the Basic/Advanced Verification in the My Profile section;
  4. Go to “Withdrawal Funds From Credit Line” where you will see the available loan amount;
  5. Choose the preferred withdrawal method and enter your bank account for a loan in fiat currency. (Please be advised that bank transfers are processed by our banking partner only on business days)
  6. Enjoy spending your Nexo Loan.


Please note that:

a) it is also important to note that you may be as well requested to provide supporting documents to prove the origin of your funds

b) please keep in mind that upon requesting a loan crypto assets may be automatically transferred from Savings wallet to Credit Line wallet if there is not enough collateral in the Credit Line wallet to support the loan


Please keep in mind that the interest applied to your loans is compound interest i.e. it is calculated based on both the initial principal and the accumulated interest.

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