crypto.loans

Nexo ETHloan: rates, LTV & how to borrow

Can I borrow against ETH on Nexo?
Yes — you can borrow against Ethereum (ETH) on Nexo at 1.9–18.9% APR with up to 50% LTV, on a third-party basis with KYC.
Borrow on Nexo

Nexo accepts Ethereum (ETH) as loan collateral. Ethereum is the second-largest cryptocurrency and powers most DeFi lending protocols. Widely accepted as collateral across both CeFi and DeFi platforms. On Nexo you can borrow USD, EUR, GBP, USDC against your ETH at 1.9–18.9% APR, up to a maximum loan-to-value of 50%, on a third-party basis.

To borrow against ETH on Nexo you open an account, complete identity verification, deposit your ETH as collateral, and draw a loan. Nexo uses a third-party model, so consider how it secures collateral before committing a large ETH position.

Ethereum's price volatility is the main driver of liquidation risk on a Nexo loan, which is why the 50% maximum LTV exists. Borrowing well below it — and adding collateral or repaying when ETH falls — keeps your position out of the liquidation zone. Nexo sources its rates on a verified, manually-tracked basis.

How to borrow against ETH on Nexo

  1. 1Create a Nexo account and complete identity verification (KYC).
  2. 2Deposit your Ethereum (ETH) as collateral.
  3. 3Choose your loan amount up to 50% LTV and receive USD, EUR, GBP, USDC.
  4. 4Repay under Nexo's terms to reclaim your ETH. Add collateral or repay early if ETH falls toward the liquidation level.

How Nexo compares for ETH

8 platforms in our index accept ETH as collateral. On borrow rate, Nexo ranks 1st of 8 — the cheapest ETH loan we track. The table below puts Nexo next to its closest ETH alternatives so you can weigh rate against custody and LTV.

NexoCeFi
Borrow APR
1.9–18.9%
Max LTV
50%
KYC
Required
Custody
Third-party
Apply
CompoundDeFi
Borrow APR
2.7–6%
Max LTV
83%
KYC
No KYC
Custody
Self-custody
Apply
AaveDeFi
Borrow APR
4–8%
Max LTV
80%
KYC
No KYC
Custody
Self-custody
Apply
MorphoDeFi
Borrow APR
4–9%
Max LTV
86%
KYC
No KYC
Custody
Self-custody
Apply

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Frequently asked questions

Can I borrow against ETH on Nexo?
Yes. Nexo accepts Ethereum (ETH) as collateral, letting you borrow USD, EUR, GBP against it at 1.9–18.9% APR, up to 50% loan-to-value.
What is the interest rate for a Nexo ETH loan?
Nexo's borrow APR is 1.9–18.9%. Confirm the current rate on the platform before borrowing, as terms can change.
Does borrowing against ETH on Nexo require KYC?
Yes. Nexo requires identity verification to borrow against ETH.
What happens if my ETH collateral drops in value?
If your ETH falls far enough that your loan-to-value crosses Nexo's liquidation threshold, part of your collateral can be sold to repay the loan. Keep a buffer below the 50% maximum LTV to reduce that risk.

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