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How to secure Your Credit Line with the Unlock Fixed Terms Opt-in?




With the Unlock Fixed Terms Opt-in Nexo gives you another option to secure your open credit line. Should your Loan-to-Value (LTV) reach 83.3% and the assets in your Flex terms have already been transferred out of the Savings wallet, the system will go on to unlock the Fixed-term with the least interest earned and transfer the original amount of locked assets to the Credit Line wallet thus preventing automatic repayments.


Please follow the steps below to activate the option:


Web platform:

1. Log on to your Nexo account and click on ‘My Profile’ > ‘Settings’


2. Click ‘Enable’ under ‘Unlock Fixed Terms’ 



Mobile application:

1. Open the app and tap on ‘More’ > ‘Settings

2. Tap on the toggle button next to ‘Unlock Fixed terms’



Key points:

  • All the assets in each Fixed Term deposit will be unlocked at once should the system need to collateralize part or all of the funds locked in this account.
  • Fixed terms will be unlocked only if ‘Unlock Fixed Terms’ is opted in and all Flex terms have already been transferred.
  • If you have two or more Fixed terms of various sizes, the one with the least earned interest will be unlocked first and the interest will be lost. This prioritization is aimed at reducing the loss in your savings account. 
  • If the assets in a Fixed-term are not enough to stabilize your Loan-to-Value (LTV), the system will go on to unlock more assets if available. 
  • Fixed terms in FiatX currencies are not affected by this option since FiatX assets do not serve as collateral.



Our Earn product is temporarily unavailable for newly registered clients residing in the states of Alaska, Kentucky, Arkansas, Texas, New Jersey, Alabama, Washington, and Oklahoma.

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