How does a Nexo loan work?

You can watch this ~4 minutes long video How to use Nexo platform, read the explanation below or check this article where you can also find screenshots and examples.

You could just transfer your crypto assets to your Nexo Wallet and get an instant crypto loan (credit line), which you can immediately access using the free Nexo Credit Card (pending development) or by withdrawing in 45+ currencies to your personal/business bank account, or USDT to your Tether address.

In order to obtain a loan, follow these steps:

Sign up for your Nexo Wallet at https://platform.nexo.io/;
Deposit your crypto assets. The platform supports BTC, ETH, XRP, LTC, stablecoins, NEXO and BNB with new major altcoins being added on a regular basis;
Undergo the Basic/Advanced Verification in the My Profile section;
Go to “Withdraw Loan” where you will see the available loan amount;
Choose the preferred withdrawal method and enter your bank account/Tether address;
Enjoy spending your Nexo Loan.