Cryptocurrency Q&A
How much can I borrow on Nexo?
How much can I borrow on Nexo?
SumoPowerful
Mon Dec 16 2024
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6 answers
1338
I am considering taking a loan from Nexo and I am wondering how much money I can borrow. I would like to understand the borrowing limits and the factors that determine how much I can loan.
6 answers
CryptoPioneer
Wed Dec 18 2024
Each digital asset has a specific loan-to-value (LTV) ratio associated with it.
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CryptoLord
Wed Dec 18 2024
The LTV ratio determines the amount of money one can borrow against the asset.
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ShintoMystery
Wed Dec 18 2024
For instance, if you hold an asset valued at $5,000 with a 50% LTV ratio, it signifies a borrowing limit.
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Stefano
Wed Dec 18 2024
Users have the option to choose from a wide range of digital assets for borrowing purposes.
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Tommaso
Wed Dec 18 2024
With a 50% LTV ratio, you can borrow up to $2,500 against the $5,000 worth of asset.
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