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Nexo Community Nexo Community
I-

@Admin I read that the NEXOs in my credit line

wallet keep accumulating interest even if they are used as a collateral for a loan (unlike other assets). Question: technically speaking, how is it done? For example, if I wish to deposit the NEXOs to a fixed term saving do I need to move them from credit wallet to the saving wallet?

#cryptocurrency #english #nexo
0

10 ответов

18 просмотров
Jesur | Nexo | No Support via DM-

In that case, yes. If they are only in the credit line, you will still earn interest.

0
21.05.2022
I- Автор вопроса
Jesur | Nexo | No Support via DM
In that case, yes. If they are only in the credit ...

Kindly clarify - Will I be able to deposit them to a fixed term saving *from* the credit line wallet?

0
21.05.2022
Jesur | Nexo | No Support via DM-
I
Kindly clarify - Will I be able to deposit them to...

If they are in the credit line you wont be able to put them in a fixed term.

0
21.05.2022
I- Автор вопроса
Jesur | Nexo | No Support via DM
If they are in the credit line you wont be able to...

Thank you. Then, I'll have to move them to the saving wallet, right? Will they be able to be moved even though they are used as a collateral?

0
21.05.2022
Jesur | Nexo | No Support via DM-
I
Thank you. Then, I'll have to move them to the sav...

Unfortunately no, if they are being used as collateral, you wont be able tom

0
21.05.2022
I- Автор вопроса
Jesur | Nexo | No Support via DM
Unfortunately no, if they are being used as collat...

Weird. I read that NEXOs are accumulating interest even if they are used as a collateral. I'll check that again.

0
21.05.2022
Jesur | Nexo | No Support via DM-
I
Weird. I read that NEXOs are accumulating interest...

They do indeed accumulate interest but you cant put them in a fixed term when they are in the credit wallet.

0
21.05.2022
I- Автор вопроса
Jesur | Nexo | No Support via DM
They do indeed accumulate interest but you cant pu...

What would be the APY/APR for the NEXOs that are held in the credit line wallet? I assume less than the APR in the fixed terms...

0
21.05.2022
Jesur | Nexo | No Support via DM-
I
What would be the APY/APR for the NEXOs that are h...

They are less than when in a fixed term, yes. You can check the rates from our help center.

0
21.05.2022

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