Boosting your portfolio is a simple and user-friendly process. You don’t need to be a professional trader to be able to use the service. The steps in the below illustrate where to find the Nexo Booster both in our app and on web and how to navigate your way around the feature.
Since the Nexo Booster is available both within the mobile app and on web, within this article, you can find detailed steps respective to each method of use.
How to boost your portfolio via the mobile app?
1. Go to the Exchange Tab and select “Booster”
2. Add your “Pay with” and “Receive” currency
3. Drag the Leverage marker to how much (1.25-3x) you want to boost your assets
4. Beneath the “Receive” currency on the Nexo Booster screen, you’ll see the Profit Projection bar. Drag the bar back and forth to project the profits of the booster transaction you’ve set depending on how the price of your chosen asset fluctuates in the future. This is essentially a calculator for potential future profits or losses.
5. Check the “After Purchase” section where you will find a breakdown of your booster transaction. It displays the LTV your Credit Line will be at once you finalize your leverage, the amount you will borrow, and your available credit before and after the transaction is complete. It is a useful tool to review before hitting the “Exchange” button on your leverage transaction.
6. Preview your order. At this stage, you will be presented with a rate on the trading pair of your choice. Please, confirm the trade only if you are happy with the rate you will get.
7. Tap “Exchange” and you’re done
How to boost your portfolio via the web platform?
Having in mind your convenience, the web browser version is set to operate in a straightforward manner that replicates the on mobile. In the screenshot below you can find the main steps you would need to take to initiate a successful boost through your browser.
As mentioned, the steps from above apply:
1. Go to the Exchange Tab and select ‘Booster’
2. Add your “Pay with” and “Receive” currency
3. Adjust the Leverage marker to how much (1.25-3x) you want to boost your assets
4. Drag the ‘Profit projection’ bar back and forth to project the profits of the booster transaction
5. Check the ‘After Purchase’ section where you will find a breakdown of your booster transaction.
6. Preview your order and confirm the trade only if you are happy with the rate you will get.
7. Tap ‘Confirm Order’ to complete your boost.
For a detailed information on how the Nexo Booster works, please refer to this article.