Loans

Block Earner vs. Nexo: Which Crypto-Backed Loan is Better for Aussies?

01 Jun 20255min
As more Australians invest in Bitcoin, Ethereum, and stablecoins as long-term assets, one big question keeps coming up:
“How can I unlock the value of my crypto without selling it?”
Crypto-backed loans offer a smart solution — you retain exposure to your assets while getting access to real-world cash. Two platforms that provide this service are Block Earner, an Australian fintech registered with AUSTRAC, and Nexo, a global crypto lender with operations in Europe and the U.S.
In this post, we’ll break down how Block Earner compares to Nexo across the features that matter most to Australian users — so you can make an informed choice.
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Built for Aussies vs. Built for USD, EURO & GBP

Block Earner is designed specifically for Australians. That means:
  • Instant AUD bank payouts with no FX conversion.
  • Local support team based in Sydney.
  • AUSTRAC-registered and fully aligned with Australian compliance requirements.
  • Authorised representative (ACL: 551024) under a licensed Australian credit provider.
By contrast, Nexo operates globally with a focus on USD as its core loan fiat currency (USDC and USDT stablecoins). Australians using Nexo will need to manage currency conversion, offshore compliance, and support delays — adding friction to the borrowing experience.
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Block Earner Loan Options & Flexibility

Block Earner offers two powerful loan types to suit different financial needs:

Line of Credit (12 months)

Flexible access to funds when you need them most.
  • Borrow up to 40% LVR against BTC, ETH, WBTC
  • Borrow up to 80% LVR against BTC, ETH, WBTC, USDC, or USDT.
  • Draw and repay flexibly — no need to reapply each time.
  • No penalties for early repayment.
  • Option to renew or roll over your credit after 12 months.

Fixed Term Loans (3–5 years)

Great for larger or long-term borrowing needs.
  • Borrow up to 40% LVR against BTC, ETH, WBTC
  • Borrow up to 80% LVR against BTC, ETH, WBTC, USDC, or USDT.
  • Locked-in fixed interest rates.
  • Monthly repayments in AUD or crypto.
  • No hidden fees or early exit costs.
Nexo offers a rolling open credit line where loans can be drawn at any time using accepted collateral (BTC, ETH, etc.).
However:
  • You’re borrowing in USD, EUR or GBP, not AUD.
  • There’s no fixed-term option for long-term planning.
  • You may need to maintain a higher collateral ratio (e.g. 50% LTV), especially during volatile markets.
  • Interest rates vary depending on your Nexo token holdings, which can be confusing or restrictive for non-token holders.
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Real-World Use of Funds

Let’s say you want to:
  • Cover a property deposit
  • Pay for home renovations
  • Expand a small business
You need cash — in Australian dollars.
With Block Earner, funds are deposited directly into your bank account in AUD, and repayments are made in AUD too — no crypto sell-down, no FX rates, no timing the market.
Nexo, on the other hand, lends in foreign currencies, meaning you’ll have to convert funds to AUD and potentially incur currency exchange and blockchain withdrawal fees. Likewise, repayments need to be made in crypto or stablecoins, which adds complexity for everyday Australian borrowers.
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Asset Safety & Custody

Block Earner takes asset protection seriously:
  • Your crypto is stored in Fireblocks, a globally trusted institutional custodian.
  • Your name remains on the assets — they are owned by you.
  • Wallet address whitelisting and multi-signature protection add extra layers of security.
Best of all, with Block Earner, you stay in control, even when the market moves. With Block Earner, you’ll receive a 30-day default notice if your Loan-to-Value Ratio (LVR) needs attention — giving you time to top up or repay without panic. Temporary price dips won’t trigger automatic sell-offs, so you can avoid forced liquidations and hold through volatility. If the market rebounds, your assets stay intact.
With Nexo, you do get custodial protection via partners like BitGo, but your crypto may be lent out to generate yield unless you opt out — creating a higher risk profile, especially in turbulent markets.
If retaining ownership and having peace of mind is your priority, Block Earner provides a clearer custodial structure built around asset control — not yield generation.
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Speed, UX, and Mobile Access

Block Earner is designed for fast approvals and frictionless experience:
  • Apply in the morning, get AUD in your bank account the same day.
  • Manage your loan from a clean, modern mobile or desktop app.
  • Monitor your LVR, repayments, and redraw options in real-time.
Nexo has a mobile app too, but it’s not localised for Australian users and geared more toward global crypto finance management. Transferring AUD, managing FX, and getting support can feel clunky and indirect.
When time matters, Block Earner delivers same-day funding in AUD, with none of the headaches of offshore platforms.
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Want to Use Block Earner?

Getting started is easy:
  • Create an account and complete verification.
  • Generate a crypto deposit address.
  • Deposit or buy BTC, ETH, USDC, or USDT from your wallet or your Block Earner crypto Buy/Sell account.
  • Choose your loan type and start borrowing.
Need help? The Sydney-based support team is here to guide you.
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Final Verdict: Block Earner vs. Nexo

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If you’re an Australian crypto holder who values speed, simplicity, and local support, Block Earner is purpose-built for you.
Let your crypto work for you — without selling it.
Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.
*Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) authorised representative 551024 of Mortgage Direct Pty Limited ACN 075 721 434 Australian Credit Licence 391876.

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