Nexo sets stablecoin withdrawals at $5K minimum

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This came in minutes ago:

The details:

  • The minimum borrowing amount is currently $5,000 for withdrawals in USDT and USDC.
  • Fiat borrowing minimums remain $500.

Are you a Nexo user? There are two sides to being a Nexo user:

  • interest on your assets
  • borrowing part (loans with crypto as a collateral)

I had some assets with them and gained a bit of interest which was distributed in $NEXO tokens.

Since I no longer have assets there, it is time to convert $NEXO to something more useful and transfer it out.

That said, I still endorse their excellent services.

So, if you are intrigued about what Nexo offers, you can join through my Nexo referral link. - Thank you very much!


Better and better

Posted Using LeoFinance Beta



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5 comments
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If lately you are adding features that harm users. Now to lend you have to have the money withheld for at least one month otherwise they lower your interest by 1%.
We will have to start thinking about looking for fresher pastures.

Posted Using LeoFinance Beta

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I didn't know about that. As I said, I only used it for the interest part. No loans!

Thank you for letting us know!

!invest_vote

Posted Using LeoFinance Beta

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Oh wow, that makes borrowing much more difficult. I have a credit line open for them of only $1900, I suppose that isn't possible any more.

Posted Using LeoFinance Beta

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I guess not - for stablecoins. If you have anything else then it's still possible, I think.

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Ahh, this is only for stablecoins, I missed that part, thank you.

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