Posts

What is NEXO!

avatar of @theatdhe
25
theatdhe
@theatdhe
·
·
0 views
·
2 min read

I've been a client to NEXO for quite some time now and my experience with them is pretty much not everything I expected.

First of all for everyone who doesn't know what NEXO is... long story short NEXO is like a bank for crypto coins where people can earn, borrow and soon spend their crypto with NEXO Credit Card.

How do you earn interest?

Earning interest in your Cryptos is actually super easy, all you have to do is deposit your crypto in the saving wallet and that's it! For real, it is that simple. But, surely there is a coin limit from where you start earning interest, like for example you have to have at least 5 XRP (Ripple) in order to start earning.

Do I get the interest in the same coin or something else?

Here is the part that I like the most about NEXO. As you may know, they also have their Token (Nexo Token) which in my opinion it has a pretty promising future. Most of the coins give 5% APY while if you choose to get your profit in NEXO Tokens then you'll get an extra 2%.

How safe it is?

Bitconnect was a very similar thing to NEXO, so how do we know NEXO isn't the next Bitconnect? Well, the plain true answer is, we don't know! And if you ask me this is my main concern, even though they are regulated and "EU licensed & regulated financial institution" plus they never stop bragging about the 100$ Million insurance on all custodial assets.

When do you get the interest?

Another beautiful thing about NEXO is that you get your interest every day. Yes, you get your percentage every single day. Usually you get it in your account somewhat around 01:00 CET.

Conclusions!

Until now my experience with NEXO was at it's best, never had problems with depositing or as they call it (Top Up), they have no fees but there is a minimum amount that you can withdraw, support is fast and very accurate and you can always call for "real agent" support!

Would like to know about your experience with NEXO, and let me know if you did like them!

If you liked this, than let me know what would you like to read next.

Originally posted on my Account at PublishOx. https://www.publish0x.com/?a=MYer0XYkbO check out my link if you want to join the community.

Posted Using LeoFinance Beta