Spending Limit

Below, you will learn more about what Spending Limit is and how you can use it

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Written by Valter
Updated over a week ago

What is Available Spending Limit?

Available Spending Limit means, at any time, the amount of Loan proceeds available to you to make purchases or withdraw cash using your Crypto.com Card, being equal to your Total Spending Limit at such time, minus your Used Balance at such time.

Available Spending Limit = Total Spending Limit - Used Balance

How is Spending Limit calculated?

A user’s Spending Limit is determined based on the current market price of the crypto that they select to be used as collateral and the Loan-to-Value (LTV) percentage applicable to them.

Spending Limit =

Value of Selected Collateral (USD) x Initial LTV % x FX Rate (CAD)

The maximum Spending Limit that can be granted is CAD 60,000.

For example, if you have the following in your Crypto Wallet to use as collateral and your initial LTV is 50%:

Selected Collateral

Amount (A)

Market Price in USD (P)

Value of Selected Collateral in USD

(A * P)

FX Rate (CAD)*

(R)

Spending Limit in CAD

(A*P*R* LTV)

BTC

0.5

$42,200

$21,100

1.28

$13,504

ETH

5

$3,108

$15,540

1.28

$9,945.60

Total:

$25,905.92

*The table is for illustration purposes only. The universal real-time exchange rate and market price will be used to calculate the actual Spending Limit.

Which cryptocurrencies are accepted as collateral?

Non-stablecoins

Stablecoins

CRO

USDP

BTC

USDC

ETH

DAI

LTC

EOS

XLM

ADA

ALGO

ATOM

VET

LINK

Initial LTV Percentage

The initial Loan-to-Value (LTV) percentage is based on your locked up CRO. Users who lockup more CRO can enjoy a higher LTV Percentage.

CRO Locked up in Canadian Dollars

LTV Percentage

Below CAD 5,000 in CRO

30%

CAD 5,000 to CAD 49,999 in CRO

40%

CAD 50,000 and above in CRO

50%

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