Nexo Description
Daily interest on your stablecoins and crypto can be earned. With Nexo's crypto credit line, you can instantly borrow and collateralize your digital assets. Nexo's platform is equipped with high-quality security infrastructure that ensures maximum asset protection at all times. Impeccable risk assessment and data protection. State-of-the art cybersecurity. Insurance on custodial assets via Lloyd's of London and Marsh and Arch Assistance available 24 hours a day. With the Nexo Wallet App, you can access the Instant Crypto Credit Lines™ or high-yield Earn On Crypto Suite, from any location.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Great for hodlers Date: Apr 26 2021
Summary: Ever since they introduced trading, it's a true Allrounder. Great support as well. Moved away from Binance, to hodl here.
Positive: The Nexo token is superb. The interest rates on stable coins is 10 percent, renting money is 5,9 percent.
Negative: I wish they would speed up the waiting process for their credit card. Apart from that, no downside.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Good in theory Date: Jan 26 2022
Summary: I still like Nexo and will wait for the bugs to be fixed. (Facial verification section and regional limitations).
Positive: Good for staking and borrowing. Up to 17% interest when you stake and as little as 0% interest when you borrow. Also is a much more trustworthy platform than the banks. Banks are heavily in debt and are too centralised.
Negative: After setting it up it says the exchange section of the website is not available in my region. There are also some bugs in the verification process and customer support is just a bit with very limited questions and answers. I hope this platform fixes these issues because o absolutely love what they are trying to achieve.
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