In this article:

1. Transfers between wallets on the Nexo app
2. Transfers between wallets on the Web platform
3. Important notes

To transfer crypto assets from your Credit Line Wallet to your Savings Wallet and vice versa, please follow the steps below:

1. Transfers between wallets on the Nexo app

1. Log in to your Nexo account.

2. Tap the Wallet tab at the bottom of your screen.

3. Navigate to the asset of your choice. In this case, Nexo will select the NEXO Token.

4. Tap Wallet transfer.

5. Choose whether you want to transfer assets from the Savings Wallet to the Credit Line Wallet or vice versa by tapping the arrows button. Enter the amount you wish to transfer. Once ready, tap the Transfer button.

2. Transfers between wallets on the Web platform

1. Log in to your Nexo account.

2. On your Dashboard, click the Manage Wallets icon next to the asset of your choice. In this case, Nexo will select USDT.

3. Here, you can see the amounts currently available in your Savings and Credit Line Wallets. The part of the collateral that can be moved to your Savings Wallet (if any) will be visible under Excess Collateral. Click the Transfer Between Wallets button.

4. Choose whether you want to transfer assets from the Savings Wallet to the Credit Line Wallet or vice versa by clicking the arrows button. Enter the amount you wish to transfer. Once ready, tap the Transfer button.

3. Important notes

• Upon requesting a loan, crypto assets may be automatically transferred from the Savings Wallet to the Credit Line Wallet if there is not enough collateral in the Credit Line Wallet to support the loan.
• FIATx assets cannot be transferred to the Credit Line Wallet or serve as collateral.
• Assets cannot be withdrawn from the Nexo platform while they are located in the Credit Line Wallet. You must first transfer them to the Savings Wallet before initiating a withdrawal.
• Once a loan is fully repaid, any collateral left will remain in the Credit Line Wallet. If you wish to transfer such assets back to the Savings Wallet, you must do that manually.
• A 24-52 hour cool-off period applies to assets moved from the Credit Wallet to the Savings Wallet, meaning you will start earning interest on these assets once the cool-off period ends.
• A 30-second waiting period between transfers applies when making consecutive transfers of the same asset between wallets.