Hi, I just swapped my BTC into USDC to not

get liquidated. It's says I cannot swap back because the LTV is not the same on the asset. I would like to understand how that works exactly and will I be able to swap back my USDC into BTC at some point ?

For example let's say I have $98,000 in USDC and I own $83,000 to nexo....If BTC goes to 15K will I be able to swap $75,000 USDC for BTC ?

At some point surely...but i think it will depend on LTV ratio...I am also dealing with the same...and I am not sure if its better to swap BTC to stable for prevent liquidation...🤔

I think the only solution is to repay part of the loan in the future to get more credit line for swapping back....but if Nexo token price will go down and down..we will get liquidated no matter if we hold USDC or BTC...very hard decision...less non stable coins as collaterall...lower chance to benefit from market recovery

I am talking with the chat, I hope so man...or else I made a big mistake.....

yea I will put more collateral but I would love to understand the maths behind it and how that is calculated exactly...I dont see what the nexo token as to do with this doe ?

Please tell me then bro

Lucky for you to have more collateral...not me...but i also dont know the maths...hope they will answer you

I just lost all my Bitcoin....5.5 Bitcoin because I made a swap and I cannot swap back to anything else but stablecoin....and their answer is ''because that is how our platform works''.....You will see on Bitcoin Magasine and What Bitcoin Did and all these big podcast soon exposing the mistake I made and how crazy stupid wrong that Nexo is doing this....I just lost 5.5 BTC because I made a swap

man I just put $40,000 in the last month trying to save my BTC....I could off wait and fucking buy 2 BTC and put them in cold storage...Im not lucky....im fucking stupid...Not your keys not your coins

It would have been and for you yes it might be better than swap in stablecoins

Well you can swap back when then? After repaying the whole loan or?

I lost bout 30k USD on UST, cause having them as a collateral on Nexo, beeing greedy cause of bigger earn...that money /stable they said/..i got for repaying the loan...if only I would swapped them to USDC for example...fucking DO KWON...that was a hard lesson..never trust any stablecoin...logarithmic especially...i ve also lost about 500 LUNA, beiing over 50k as its ATH

i own them $83,000 dude and got $98,000 of USDC...I am at the 84% .....

Sad to hear

Yea well that will make a great story for re-starting my Bitcoin podcast and become a ''not your keys, not your coins'' maxi

I also own a business that made $75,000+ last month lol...I worked at McDonald when I was 18 like 11 years ago

@Crazyhouston you will be back at McDonald before me dont worry...I have like $60,000 of rolexes

Well...i am with Nexo since ICO...i ve never had a problem with them at all.but yes...this is just a shitty function

But did they already told you, when is swapping back available?

67,75% to be exact. Not sure I'll be working for McDonald's or that I rather own one 😂🤣

You can trade Crypto and if you pass our challenge you keep 100% of your profit on your 6 figures funded account

I been with them since 2019....and I fucking got liquidated last year as well and did learn my lesson. They have tricks after tricks to fucking take your money man...They charge me 2.5% on my swap....$2,500 FUCKING DOLLARS to lose my BTC :)

I can relate. Last year in one coin called OIL , i fucking lost 43k. I know it is my mistake. Because I was too greedy.

I can help you with a coil where you can recover your lost funds

Get lost.

I don't have to convince you okay. Triers never quit