You can use the following crypto assets as collateral: BTC, ETH, XRP, LTC, XLM, BCH, EOS, LINK, TRX, DOT, ADA, DOGE, stablecoins, PAXG, NEXO and BNB. Support for other major altcoins is coming later in 2021.
We have more than 40 applications from companies that want their tokens to be added as collateral. We are very particular about who we work with and give priority to projects with integrity and a significant impact on the ecosystem as a whole.
If you wish to see your favourite altcoin added among the collateral options, you can make a vote within its community or ask the team of the particular project to fill out our application form.
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, and PAXG created on the Ethereum blockchain.