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optional-

If I click on borrow and take the amount against

0% interest, do I stop earning interest some coins? What is taken as collateral?

#cryptocurrency #english #nexo
0

13 ответов

10 просмотров
Tanya | Nexo | No support via DM-

If you use your assets for collateral, they will stop earning interest. The only exception is for NEXO tokens

0
29.04.2022
Tanya | Nexo | No support via DM-

https://support.nexo.io/hc/en-us/articles/4411375135762-Zero-Cost-Credit-Lines-Explained

0
29.04.2022
optional- Автор вопроса
Tanya | Nexo | No support via DM
https://support.nexo.io/hc/en-us/articles/44113751...

So for 24 hours I was above 20%, does it mean I pay a full month insterest?

0
29.04.2022
optional- Автор вопроса
optional
So for 24 hours I was above 20%, does it mean I pa...

I already repayed with 1 day

0
29.04.2022
Tanya | Nexo | No support via DM-
optional
So for 24 hours I was above 20%, does it mean I pa...

If you repay in less than 30 days, you will have to pay 13,9% borrow interest

0
29.04.2022
optional- Автор вопроса
Tanya | Nexo | No support via DM
If you repay in less than 30 days, you will have t...

So basically if I don't prepare my wallet with credit line I always pay 13.9% interest on my purchase??

0
29.04.2022
Tanya | Nexo | No support via DM-
optional
So basically if I don't prepare my wallet with cre...

No, after your first purchase, you will have to wait 30 days to repay in order to avoid the 13,9% borrow rate

0
29.04.2022
optional- Автор вопроса
Tanya | Nexo | No support via DM
No, after your first purchase, you will have to wa...

What?? So repaying later is better than repaying as soon as possible?..

0
29.04.2022
Tanya | Nexo | No support via DM-

When you make a purchase with the Nexo cars, collateral is automatically moved into your Credit Line wallet. If your Loyalty tier is Platinum and the LTV is 20% or lower, after the 30th day, your borrow rate will be 0%

0
29.04.2022
optional- Автор вопроса
Tanya | Nexo | No support via DM
When you make a purchase with the Nexo cars, colla...

But it didn't automatically move enough as collateral, it moved UST that's as 100% of my purchase which was 70% which is the LTV. So the dashboard gave me the message that I needed to transfer more to credit line to pay 0% interest...

0
29.04.2022
_tr0jan_-M

You can borrow against your NEXO balance and still earn the full amount?

0
29.04.2022

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