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Kodiaq [No DMs]-

Hi! I have a new doubt regarding the card. Since it

operates in EUR, but the value is in USD, how is the LTV calculated if the wallet balance is in dollars? Conversion or directly in USD?

Also - am i able to spend 100% of what i have in my wallet and then go for liquidation or due to the credit line function this is not possible?

#cryptocurrency #english #nexo
0

7 ответов

19 просмотров
Alex-Nexo / No support via DM

1) - Nexo uses interbank rates for conversion between USD-EUR 2) No, the highest LTV you can get is 90%

0
15.04.2022
Kodiaq [No DMs]- Автор вопроса
Alex Nexo / No support via DM
1) - Nexo uses interbank rates for conversion betw...

Is there a way to get the EUR value inside the Nexo app?

0
15.04.2022
Alex-Nexo / No support via DM
Kodiaq [No DMs]
Is there a way to get the EUR value inside the Nex...

No, our price feed is in USD. When you check the card transactions, you’ll see how much you’ve spend in EUR and its equivalent in USD.

0
15.04.2022
Kodiaq [No DMs]- Автор вопроса
Alex Nexo / No support via DM
No, our price feed is in USD. When you check the c...

Wait. Can the card spend EURx too?

0
15.04.2022
Alex-Nexo / No support via DM
Kodiaq [No DMs]
Wait. Can the card spend EURx too?

No, you can only use stablecoins or crypto for collateral. I was talking about paying in EUR.

0
15.04.2022
Kodiaq [No DMs]- Автор вопроса
Alex Nexo / No support via DM
No, you can only use stablecoins or crypto for col...

My doubts are gone. Thank you Alex, have a nice Easter! :)

0
15.04.2022

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