Need Funds but Want to Keep HODLing?
Jan 30, 2023, 10:35:18 AM Published By Wirex Team
- Wirex Credit allows you to borrow multiple cryptocurrencies
- It's straightforward and instant, meaning you can spend them how you want straight away
Low on funds but don’t want to cash out your crypto? Meet Wirex Credit. It lets you instantly borrow stablecoins against your BTC or ETH, wherever you are, whenever you like.
Here’s how to get started:
- Choose BTC or ETH as collateral - don’t have any funds? Transfer your chosen crypto into Wirex from an external wallet.
- Choose your preferred stablecoin (NXUSD, USDC or USDT) - depending on your chosen stablecoin, you can take out a Wirex Credit line with 0% interest and borrow up to 80% of the value of your collateral. But be quick – these rates won’t be around for long!
- Select the amount you want to borrow - that’s it! With Wirex Credit, approval is instant – your funds will be available to you within seconds. Plus, you can keep an eye on your LTV (loan-to-value ratio) with our live loan health checker tool, which will notify you as soon as it changes.
- Spend your stablecoins in real life - what you do next is up to you. Spend your stablecoins in real life by linking them to your Wirex card, deposit them in a feature like DUO to unlock high-yield earning power or exchange them into another currency at exclusive OTC rates. Which one will it be?
Take out a Wirex Credit crypto-backed loan today!