To open a Wirex Credit line, you must have:
An active account in USDT, USDC, NXUSD, or DAI.
A positive balance in either your ETH or BTC accounts to be used as collateral.
Step 1: Tap the ‘Grow’ tab and Select ‘Borrow’
Then tap the ‘Borrow’ button.
Step 2: Choose your Credit Account
Select your credit account from the available options.
Step 3: Customise your loan
Choose your collateral currency, desired loan-to-value ratio and credit amount, then tap ‘Continue’.
Step 4: Review Details and Accept T&Cs
Review and accept the Wirex Credit Terms and Conditions, then confirm the credit details by tapping ‘Confirm’.
Step 5: You're all set! Monitor your progress
View your loan history in the ‘Borrow’ tab to see a list of all the loans you have taken.
Congratulations! You have now successfully taken out a loan using your crypto holdings as collateral. If you experience any issues with opening your Wirex Credit, please do not hesitate to reach out to our Customer Support team for assistance.
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Why Wirex?
The Wirex platform offers a range of benefits for users looking to manage their assets and make transactions conveniently. Here are some key benefits our customers rave about:
Diversification ✅ We offer 150+ assets
Customer Support ✅ Out team is there for your 24/7
Community ✅ We have an incredible community of 6m+ customers over the world
Efficiency ✅ Over $20bn transactions processed with us
Trusted ✅ $30m insurance on digital assets
Safe and secure ✅ Our infrastructure is regularly tested and PCI DSS Level 1 compliant, which is the highest level possible
Cost Effective ✅ Free account, free free foreign exchange, low fees
Convenient ✅ wide range of on-ramp methods and high limits
Disclaimer
The information contained herein has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal, or investment advice. Wirex and any of its respective employees and affiliates do not provide financial, legal, or investment advice.
The value of cryptoassets may fluctuate significantly over a short period of time. The volatile and unprecedented fluctuations in price may result in significant losses over a short period of time. Any Cryptoassets may decrease in value or lose all its value due to various factors including discovery of wrongful conduct, market manipulation, change to the nature or properties of the Cryptoasset, governmental or regulatory activity, legislative changes, suspension or cessation of support for a Cryptoassets or other exchanges or service providers, public opinion, or other factors outside of our control. Technical advancements, as well as broader economic and political factors, may cause the value of Cryptoassets to change significantly over a short period of time.
