Nexo vs. Swyftx crypto loans in Australia: Fees, LVRs and features compared

Sep 09•5 min read

Both let you borrow against your crypto without selling it. Here's how Nexo's Credit Line and Swyftx's crypto-backed loan actually compare.

For the full side-by-side breakdown — rates, LTV, fees, at a glance — see our Nexo vs. Swyftx comparison. 

Rates, fees and loan size

  • Nexo Smart Credit Line: rates run from 7.9% to 16.9% p.a., dropping as low as 0.9% if your LTV stays under 20%. There's no origination fee, and you can borrow anywhere from US$50 to US$2,000,000.
  • Nexo Standard Credit Line: rates run from 9.9% to 21.9% p.a., as low as 2.9% under 20% LTV. Also no origination fee, with loan sizes from US$1,000 to US$2,000,000.
  • Swyftx Line of Credit: a flat 9.50% for 12 months, with a 2% fee to open the loan and another 2% each time you redraw. You can borrow between $50 and $5,000,000 AUD.
  • Swyftx Fixed Term: a flat 11.50% for 3 to 5 years, with a 2% fee to open. Loan sizes run from $3,000 to $5,000,000 AUD.

Your Nexo rate depends on your Wealth Club tier and LTV. If you repay within 45 days of your last withdrawal, extra interest applies for the rest of that window — 21.9% on Standard, 16.9% on Smart. Swyftx's rate is fixed for the term, but that 2% fee hits every redraw too.

Important note: Swyftx figures are based on published information as of September 2026 and may change — confirm current terms with Swyftx.

How much you can borrow against

Nexo takes BTC and ETH up to 50% LTV on Smart Credit Line (40% on Standard), plus a dozen other assets like XRP, SOL and DOGE up to 30% (20% on Standard).

Swyftx covers fewer assets — BTC, ETH, WBTC and XRP — at up to 50% LVR for BTC/WBTC and 40% for ETH (50% on the Fixed Term loan). XRP only works on the 12-month option.

Holding anything beyond BTC or ETH? Nexo gives you more to work with.

What happens if the market moves against you

Nexo's Standard Credit Line gives you 30 days to top up or repay once LTV passes 60%, before anything's sold. Smart Credit Line works differently — it sells only what's needed once LTV passes 90%, so there's more room before that kicks in.

Swyftx uses health bands that shift by asset. For BTC, staying under 55% keeps you in the clear, 60–64.9% brings a warning, and crossing 65% starts a 30-day countdown to fix it. If that window passes without action, enough collateral gets sold to bring you back down to 55%.

Repaying the loan

Nexo: no mandatory monthly repayment on either Credit Line. Pay whenever, in crypto, stablecoins or AUD, and your limit refreshes.

Swyftx's Line of Credit works the same way for 12 months. The Fixed Term loan needs monthly repayments, but no fee if you close it early.

Worth knowing: who's actually lending

Swyftx doesn't lend the money itself. The loan is Block Earner's — Swyftx is an authorised credit representative, so it can offer it inside its own app, but Block Earner sets the rates and terms. Nexo's Credit Line is Nexo's own product, start to finish.

Both are regulated consumer credit, and both providers are AFCA members, so there's somewhere free to go either way if a complaint doesn't get resolved directly.

Bottom line

Want one facility, from one provider, that stays open and takes a wide range of collateral? That's Nexo. Already on Swyftx and want a fixed multi-year loan without switching apps? That's what Swyftx offers — just know the loan itself comes from Block Earner.

Want to compare every detail side by side? See the full Nexo vs. Swyftx comparison for the complete feature breakdown.

Frequently asked questions

1. Is Swyftx actually the lender?

Swyftx makes the loan available inside its app, but it isn't the one lending the money — that's Block Earner, with Swyftx acting as an authorised credit representative. The rates, terms and underwriting all come from Block Earner; Swyftx is simply where you access it.

2. Do I need a new application if I already use Swyftx?

Probably, yes. Since the loan sits with a different provider than your Swyftx trading account, expect a separate application and assessment, even if you're already a verified Swyftx client.

3. What's the smallest loan I can take out?

It depends on the product. Nexo's Smart Credit Line and Swyftx's Line of Credit both start at $50, Nexo's Standard Credit Line starts at $1,000, and Swyftx's Fixed Term loan has a higher $3,000 minimum.

4. Which one takes more types of collateral?

Nexo, by a good margin. On top of BTC and ETH, it accepts around a dozen other assets like XRP, SOL and DOGE. Swyftx's loan is more limited, covering just BTC, ETH, WBTC and XRP.

5. Are there fees to open or redraw?

Not on Nexo — there's no origination fee whether you're opening a Credit Line or drawing more later. Swyftx charges a 2% fee both times, once to open the loan and again on every redraw.

6. What happens if my collateral drops?

Both platforms give you time to fix things before anything gets sold. Nexo's Standard Credit Line gives you 30 days once LTV passes 60%, and Swyftx gives you 30 days once LVR passes 65% (thresholds shift depending on the asset). Nexo's Smart Credit Line works a bit differently — rather than a fixed default window, it sells only what's needed to bring your LTV back down once it passes 90%.

Any information provided is general only and does not take into account your objectives, financial situation or needs. Consider whether a product is appropriate for you before acting. Credit Lines are available only to eligible clients and are subject to applicable terms, conditions, and jurisdictional restrictions.

Rates, fees, supported assets, and other product features may vary over time. Borrowing against digital assets involves substantial risk, and you may lose some or all of your digital assets if the value of your collateral falls or market conditions change. Before using this product, read the applicable Terms of Service and, where relevant, the Credit Guide and Target Market Determination available on the Nexo Australia website.

Nexo Australia Pty Ltd (ACN 667 513 073) is registered with AUSTRAC as a Virtual Asset Service Provider (Reg. No. DCE100843695-001). AUSTRAC registration is for AML/CTF purposes only and is not an endorsement.

Credit products regulated by the National Credit Code are provided by Nexo Individual Loans Pty Ltd (ACN 695 724 737), serviced by Avgi Pty Ltd (ACN 682 656 202) under Australian Credit Licence 567308, and managed by Nexo Australia Pty Ltd (ACN 667 513 073) under Credit Representative Number 580430. Credit products not regulated by the National Credit Code are provided by Nexo Loans Pty Ltd (ACN 695 724 442) and managed by Nexo Australia Pty Ltd. Credit criteria, terms and conditions, and fees and charges apply to all credit products.

This article is general information only and doesn't take into account your objectives, financial situation or needs. Rates, fees and product terms shown are as published by each provider as of September 2026 and are subject to change — confirm current figures directly with each provider before making a decision. Read the applicable Target Market Determination, Credit Guide and Terms and Conditions on each provider's website before borrowing.