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[BMF]

What is Nexo Wallet?
Nexo Wallet is a platform for instant crypto loans that has the benefit of providing over 45+ FIAT currencies and operating in over 200 jurisdictions. The idea behind Nexo Wallet is that users can use any cryptocurrency that they own as collateral to receive FIAT funds without the need to sell any of the cryptocurrency that they own.

How does it work?
Users of Nexo Wallet are required to lock up their cryptocurrencies as collateral in exchange for the FIAT currency of their choice. Once this is done, the cash is sent directly to either the user's bank account or added to a prepaid credit card. As with cryptocurrencies, due to the volatility of it, the limit on the prepaid credit card will adjust if there are any changes to the market value of the cryptocurrency you had. Additionally, if you want the cash sent directly to your bank account, there will be a small delay.

At the current moment, users can choose to loan between $500 and $2,000,000 although the platform is looking at bringing the minimum loan amount to an even lower value.

Once it is time for you to repay your loan, you can do so by choosing to pay with either cryptocurrency, FIAT currency or even Nexo token which gives you a couple of options and the freedom to choose. This is great as some competitors only allow repayments with FIAT currency.

Is it worth my time?
Nexo is a great platform that can work perfectly for you if you have cryptocurrency and need FIAT currency as a loan. The guaranteed approval and no hidden fees aspect of Nexo makes it a great option for loans.

Furthermore, Nexo Wallet has a core team of 14 members working behind the scenes, many of whom have previously held extremely high-level positions at various locations. Many have held positions at Credissimo, a company that is also famous for offering instant online loans and other financial services. One of the co-founders of Nexo, Antoni Trenchev, was also previously a member of Parliament at the National Assembly of the Republic of Bulgaria, so it's easy to see that this is a legitimate and trustworthy platform.

Pros & Cons

• You can repay your loan using cryptocurrency, FIAT currency or the Nexo token.
• Instant access to cash without the need to sell any of your cryptocurrency.
• No minimum repayments required.

- Minimum loan of $500, lower amounts not currently available.

 

[TinyHouseCryptos]

What is Nexo Wallet?
Nexo Wallet is a platform for instant crypto loans that has the benefit of providing over 45+ FIAT currencies and operating in over 200 jurisdictions. The idea behind Nexo Wallet is that users can use any cryptocurrency that they own as collateral to receive FIAT funds without the need to sell any of the cryptocurrency that they own.

How does it work?
Users of Nexo Wallet are required to lock up their cryptocurrencies as collateral in exchange for the FIAT currency of their choice. Once this is done, the cash is sent directly to either the user's bank account or added to a prepaid credit card. As with cryptocurrencies, due to the volatility of it, the limit on the prepaid credit card will adjust if there are any changes to the market value of the cryptocurrency you had. Additionally, if you want the cash sent directly to your bank account, there will be a small delay.

At the current moment, users can choose to loan between $500 and $2,000,000 although the platform is looking at bringing the minimum loan amount to an even lower value.

Once it is time for you to repay your loan, you can do so by choosing to pay with either cryptocurrency, FIAT currency or even Nexo token which gives you a couple of options and the freedom to choose. This is great as some competitors only allow repayments with FIAT currency.

Is it worth my time?
Nexo is a great platform that can work perfectly for you if you have cryptocurrency and need FIAT currency as a loan. The guaranteed approval and no hidden fees aspect of Nexo makes it a great option for loans.

Furthermore, Nexo Wallet has a core team of 14 members working behind the scenes, many of whom have previously held extremely high-level positions at various locations. Many have held positions at Credissimo, a company that is also famous for offering instant online loans and other financial services. One of the co-founders of Nexo, Antoni Trenchev, was also previously a member of Parliament at the National Assembly of the Republic of Bulgaria, so it's easy to see that this is a legitimate and trustworthy platform.

Pros & Cons

• You can repay your loan using cryptocurrency, FIAT currency or the Nexo token.
• Instant access to cash without the need to sell any of your cryptocurrency.
• No minimum repayments required.

- Minimum loan of $500, lower amounts not currently available.

I've got this wallet; but, haven't used it yet. Was waiting 'til I had actually made a decent amount of crypto money to begin a deposit. PLEASE keep us informed on this wallet/credit card gig... I'm anxious to hear more about this. I know this platform is still kinda new; but, don't want to make a deposit and lose my hard earned cryto/s. THANKS!

 

[Playajusted]

My own experience with NEXO approximately 2 months ago. I think it's a fantastic potential earner if you deposit your Stablecoins. NEXO pays up to 6.5% compounding interests (calculated yearly, paid daily) more than any FIAT banks that I know of... And their annual dividends for holders of NEXO coins are definitely worth exploring. For borrowers... It's important to crunch your numbers (obviously) before borrowing. Interest rates are calculated daily at 18% and 8% if borrowers use NEXO coin as repayments.
If I had to reuse the service? My strategy would be to work out the term of my loan. Whether I'll be using NEXO coin or other assets as this made a big difference. Give the market situation more attention because one single pump will definitely settles the loan.
Nexo uses Changelly for exchanges so factor their fees if you're strategising & work out the difference whether it's better to make multiple repayments or one lump sum.
It was hard for me at the time so I my research prior to borrowing were minimal & resulted in too much fees. However, the service is quick & easy & they have a really good support team.

 

[TinyHouseCryptos]

My own experience with NEXO approximately 2 months ago. I think it's a fantastic potential earner if you deposit your Stablecoins. NEXO pays up to 6.5% compounding interests (calculated yearly, paid daily) more than any FIAT banks that I know of... And their annual dividends for holders of NEXO coins are definitely worth exploring. For borrowers... It's important to crunch your numbers (obviously) before borrowing. Interest rates are calculated daily at 18% and 8% if borrowers use NEXO coin as repayments.
If I had to reuse the service? My strategy would be to work out the term of my loan. Whether I'll be using NEXO coin or other assets as this made a big difference. Give the market situation more attention because one single pump will definitely settles the loan.
Nexo uses Changelly for exchanges so factor their fees if you're strategising & work out the difference whether it's better to make multiple repayments or one lump sum.
It was hard for me at the time so I my research prior to borrowing were minimal & resulted in too much fees. However, the service is quick & easy & they have a really good support team.

Thanks for that info!

 

[Playajusted]

There are some chatters of Nexo is looking at ways to help with your tax lodgements but I don't know how it will be implemented since tax laws are different in every countries

 

[BitcoinB]

Neso is a serious company. I withdraw my earned interest few days ago to send it to a firend. The project and the company is really strong?

 

[wr0ngtzip]

Just adding some info here. Nexo.io is a legit European company. I'm a recent user there and I have a few cryptos, not much (around USD 800). Loan starts now at $10 which I park at celsius.network as I my loan currency was USDC and Celsius gives 10.51% vs Nexo's 10%.

Best thing is, they have zero fees (mining/gas fees when you transfer out your cryptos). So if you're like me who trades ones in a blue moon, better hodl your cryptos there.

Base APY for cryptos is like 5% but if you hold 10% nexo tokens, then you get 6%. Just don't get your nexo tokens from houbi unless it's ok for you to fork out about 22 nexo fees, so if you only need a few nexo tokens, you're in for a surprise.

So far, the best I saw was on binance.org (a DEX) as overall charges is very low. I suppose it's due to eth gas fees and we know that binance has it's own (BEP2).

And I'm awaiting the it to be a full pledged crypto bank + release of their own exchange https://cryptonews.com/exclusives/n...ces-eyes-decentralization-as-it-aims-8287.htm

See for yourself.

 

[dmnik]

NexoFinance offers crypto enthusiasts the best of both worlds - instant access to money and retention of ownership of their crypto assets. REGISTER HERE

 

[Crypto Twist]

Trusted passive investment platform.

Sign up & get 10$ : https://nexo.io/ref/mbd60cn11u?src=web-link

My recent withdrawals :

 

[Humbu]

Trusted passive investment platform.

Sign up & get 10$ : https://nexo.io/ref/mbd60cn11u?src=web-link

My recent withdrawals :

View attachment 182304

I'm glad to see that it still pays, I haven't heard much about it nowadays and this project was really promising. Do they pay on time though? How reliable are they?

 

[Crypto Twist]

I'm glad to see that it still pays, I haven't heard much about it nowadays and this project was really promising. Do they pay on time though? How reliable are they?

As far as I know, this is a Trusted platform. You can find more information on the original post made by Mr. B. Payouts are automatically processed, usually within a few seconds.

 

[Humbu]

As far as I know, this is a Trusted platform. You can find more information on the original post made by Mr. B. Payouts are automatically processed, usually within a few seconds.

Sounds good, I will go back and refer to Mr B's post. I remember I wanted to join but as time goes I stopped seeing posts about nexo.io. I thought maybe it's dead

 

[Crypto Twist]

Sounds good, I will go back and refer to Mr B's post. I remember I wanted to join but as time goes I stopped seeing posts about nexo.io. I thought maybe it's dead

No, they are still doing very well and much improved than before! A much better investment than banks, in my opinion.

 

[TAH123]

Nexo is the best lending platform. They offer 12% apr on stablecoins and Fiat currencies. They give 8% apr on bnb, ltc, eth etc. And it's also very easy to get a loan. If you're a platinum member, you can get a loan at 6.9% and if your LTV is less than 20%, you'd get a loan at 0%. Also you can get upto 5 free withdrawals every month. Very good project...

 

[Gamer01]

Nexo has stopped its interest paying program in my opinion or is that country specific because I had heard about it lately and I am convinced that the news is true and it no longer offers a return program and even if it does that's only 4% per year indeed .