As a Nebeus trader, if you have borrowed crypto or are thinking of borrowing crypto from the exchange, it's important to know how to close your line of credit. You can learn more about Nebeus lending by contacting customer support here, and below are instructions for how you can close your line of credit.
It's important to understand how Nebeus loans work so you know when and how to close your line of credit. There are two types of loans offered through the exchange: quick loans and flexible loans. Quick loans are very short-term transactions with smaller amounts. A flexible loan is a line of credit with higher limits and a longer repayment period.
Flexible loans or lines of credit allow users several options. The features of a line of credit include:
After you receive a loan from Nebeus, you can take the full three years to pay it back, or you can pay it back early with zero penalties. The loan must be paid in full before closing your line of credit. To close your line of credit, you must contact Nebeus customer support here with your request. The customer support team will review your loan and determine if you have any outstanding balance before closing it out. Your collateral is returned once the loan is paid and closed. If your collateral experiences a drop in value, you will receive the remaining balance.
Nebeus is one of many exchanges that offer loans to its traders. For more information on Nebeus loans, contact customer support here.
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