As a part of the dynamic expansion of Nexo's products, we have added Chainlink’s LINK as an available asset for the Instant Crypto Credit Lines™ and Earn on Crypto.
Get a LINK-Backed Credit Line The benefits of Nexo’s LINK credit lines include:
- The best borrowing rates, starting from 5.9% APR only on what you actually use
- The opportunity to earn up to 5% interest on your LINK
- Increased LINK utility features, less selling pressure and easier HODLing
- А minimum credit line amount of $500 and a maximum of $2M
- Top-tier insurance on all custodial assets with SOC 2 Type 2 certified crypto custodian BitGo
- #ZeroFees — No hidden fees or FX commissions
- Local bank withdrawals within 24 hours
- No installments and no minimum loan repayments
- Automated and guaranteed instant approval with no credit checks
- Available worldwide in 40+ fiat currencies across 200+ jurisdictions
See this quick guide on how to access Nexo’s instant crypto-backed loans in three easy steps. If you are looking to earn interest on your idle LINK, check out this article on using Nexo’s new Earn on Crypto product. Earn Interest on LINK In addition to the LINK integration onto our platform, we are also pleased to announce Nexo and Chainlink’s strategic collaboration based on our shared belief in DeFi and common goal of driving the digital finance industry into the mainstream. To find out more, read our joint statement.
We trust you will enjoy and use our LINK-backed credit lines abundantly.