What happens to my crypto once I open a Crypto Line of Credit?

Your crypto stays in your GalaxyOne Crypto account. It is not moved or transferred. Instead, a restriction is placed on a portion of your eligible collateral assets equal to 2x your outstanding loan balance. This portion cannot be traded or withdrawn until you pay down your loan.

Example: If you have $100,000 in eligible crypto and your outstanding loan balance is $30,000, then $60,000 of your crypto is restricted (2x $30,000), and $40,000 remains freely available.

If your LTV is at or below 50%, you may trade or withdraw some collateral, as long as the resulting LTV stays at or below 50%.