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

USDT

3,800

$1.01

$3838

1.28

$2,456.32

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

TUSD

BTC

PAX

ETH

USDC

LTC

USDT

EOS

DAI

XLM

TGBP

ADA

TAUD

ALGO

TCAD

ATOM

VET

LINK

Initial LTV Percentage

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

CRO Staked 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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