What is the Crypto Line of Credit?
The Crypto Portfolio Line of Credit is a revolving credit line that lets you borrow against the value of your eligible crypto holdings on GalaxyOne. You can access up to 50% of your eligible collateral value as a credit line and draw funds instantly into your GalaxyOne Cash account.
Once funds arrive in your GalaxyOne Cash account, you can withdraw them or use them like any other cash balance. Key features:
- No sale required. Your crypto stays in your GalaxyOne Crypto account.
- No credit check. Eligibility is based on your collateral value.
- No origination fees.
- The maximum credit limit is $2,000,000, regardless of collateral value.