Kindly note that going forward, loan withdrawals in USDT and USDC will be automatically placed into your Nexo wallet. The respective balance will be immediately updated, and you will then be able to either convert the assets in our exchange or withdraw them to an external wallet. Keep in mind that the number of free withdrawals depends on our loyalty tier, as explained in this article.
The message below will appear as soon as you enter the desired withdrawal amount:
Please also keep in mind that you need to specify the source of your funds and agree to the Nexo Credit Facility Master Agreement and Pledge Agreement order to submit your loan withdrawal request:
It is also important to note that the 'Withdraw' button will not appear until the 'source of funds' field is populated.
After that, please provide 2FA (Two- Factor Authenticator) code.
Congratulations! You have successfully taken out a loan in stablecoins (USDT or USDC), and your USDT or USDC balance on your Nexo account has been updated automatically to reflect the new amount.
Please check this article to find out how to take out a loan in fiat currencies.
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.