Hello, when we Pay something with nexo card for 10$

Question

Hello, when we Pay something with nexo card for 10$

for example why 150$ is transfered from savings to crédit wallet ? Is it possible to transfert just the amount necessary (~ 10/13$).

Do we earn when funds are on crédit wallet ?

Thank you.

#cryptocurrency #english #nexo

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14.07.2023

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Jesur | Nexo | No Support via DM · Accepted Answer

Since it's considered a prepaid crypto credit card, that wouldn't be possible. We are working on the debit function and there will be good news soon enough but for now the card works as such - When you make a purchase, an active loan is taken out in the amount of the purchase you have made, and said loan needs to be collateralized, so the required amount gets transferred into your credit line wallet so it can collateralize said purchase/loan. You can repay this loan as soon as you wish of course but you do need to collateralize the purchase / loan.

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Hello, when we Pay something with nexo card for 10$

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