Being able to get instant liquidity on your MATIC without selling your holdings is challenging. Nexo Card solves this problem for you.
You keep control over your MATIC while gaining new spending power through stablecoins or cash back. The token is ideally suited for hard-core holders of Polygon’s native token and for those with a strong belief in the project.
What Are the Benefits?
- Free Nexo Card with instant access to your MATIC-backed credit line
- Borrowing rates start at just 0% APR
- Up to 2% in instant crypto rewards on all purchases
- No minimum monthly repayments; no monthly or inactivity fees
- Apple Pay & Google Pay integration
- Both physical and virtual cards are available
- No FX fees for up to €20,000 per month
How to Order Your Nexo Card?
Find out how you can order your Nexo Card in seconds in this video:
How Does It Work?
- By purchasing or topping up MATIC in your Nexo account, make sure that you have a sufficient amount.
- Nexo Cards can be ordered through our mobile app available on the App Store and Google Play Store.
- Transfer a portion of MATIC to your Credit Line Wallet to use it as collateral.
- Make a purchase at any of the 92M+ merchants that accept Mastercard.
Transfer MATIC with Near-Zero Fees on Nexo
You have two options for adding MATIC to your Nexo account: you can purchase it directly through the Nexo platform or top up with an external wallet. With MATIC, you can purchase within seconds and receive free crypto back up to 0.5%.
Nexo’s Multichain Bridge
Almost free MATIC topping up was made available to Nexo customers last month. Our Nexo Multichain Bridge automatically performs the cross-chain transfer from the Ethereum network to the Polygon network or vice versa.
MATIC transmission between these networks eliminates the need for third-party bridge solutions, resulting in considerable savings in time and fees.
Nexo’s MetaMask Integration
In addition, our web platform has recently been integrated with MetaMask. By using this upgrade, you can transfer MATIC from your MetaMask wallet to your Nexo account in a matter of clicks, and earn interest on otherwise idle assets.
A Nexo Card backed by MATIC is a unique choice not available anywhere else, but it’s just one of Nexo’s numerous advantages.
- Еarn¹: MATIC offers up to a 16 percent annual percentage rate (APR), which is paid out everyday. Because the benefit is automatic, it’s a no-brainer, especially if you don’t plan to sell anytime soon.
- Exchange: Swap your MATIC on the Nexo Exchange instantly. The token is available in eight market pairs.
- Borrow²:Borrow money against your MATIC at interest rates as low as 0% APR. Obtain instant approval and receive stablecoins or cash.
With the latest advancements on the Polygon network, it’s logical why someone would want to HODL. The project has been one of the most active in the crypto field, developing steadily. We’ve been working hard at Nexo to provide new features and products to the Polygon community, so stay tuned for additional updates across our channels.
¹The Nexo Earn Interest Product is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as the USA, Bulgaria, and Estonia.
²Nexo’s Instant Crypto Credit Lines are not available for citizens or residents of certain jurisdictions, such as the State of New York, Bulgaria, and Estonia.
Although the material contained in this article was prepared based on information from public and private sources that tokenwell24-7 believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and tokenwell24-7 expressly disclaims any liability for the accuracy and completeness of the information contained in this article.