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Monsieur FUDleur-

Can i withdraw my bitcoin if i bought it with

booster?

example: i have 200k in gold and use it to buy 1 BTC at boosted 3x. the collateral in gold would be sufficient. so am i free to move this 1 BTC while keeping the rest of the gold on nexo?

#cryptocurrency #english #nexo
0

6 ответов

14 просмотров
Tanya | Nexo | No support via DM-

Leverage via the Nexo Booster works by collateralizing your existing holdings for an initial part of the loan. Naturally, that isn’t enough collateral for the rest of a 3x leverage transaction. As collateral for the rest of your loan, Nexo immediately collateralized the assets you are acquiring through your booster transaction, making your credit fully collateralized and bringing your LTV to 70% or under

0
10.02.2022
Monsieur FUDleur- Автор вопроса
Tanya | Nexo | No support via DM
Leverage via the Nexo Booster works by collaterali...

thanks. i understand that. but if the remaining gold can cover the collateral, bringing my LTV unter 30% just by the gold, could i withdraw this boosted bitcoin?

0
10.02.2022
Monsieur FUDleur- Автор вопроса
Monsieur FUDleur
thanks. i understand that. but if the remaining go...

because i can do that with the normal borrow functionality. not sure about the booster.

0
10.02.2022
Tanya | Nexo | No support via DM-

I have forwarded your inquiry to my team and will get back to you as soon as I receive a responce

0
10.02.2022

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