You have 2 choices.
- You can place an order to sell a percentage of the coins and pay back a part or all of your pending balance
- Or withdraw more from the credit line.
https://support.nexo.io/hc/en-us/articles/360008117914-What-happens-if-the-value-of-the-collateral-changes-before-I-repay-my-loan-
Keep in mind I'm pretty sure you need to do this manually, it's not automatically done (eg, they auto sell your BTC for repayment), which is for the better I reckon.- You can place an order to sell a percentage of the coins and pay back a part or all of your pending balance
- Or withdraw more from the credit line.
https://support.nexo.io/hc/en-us/articles/360008117914-What-happens-if-the-value-of-the-collateral-changes-before-I-repay-my-loan-
If BTC goes down in value:
- If it goes down a small amount (still worth around the same amount as your loan), nothing happens.
- If it goes down a huge amount, they will give your warnings and probably automatically make payments from your account, to modify the loan.
