Nexo.io is the most popular and trusted crypto platform that has been offering the services to the people from 2017 and has a funding size of worth $52.50 m. Nexo.io has made huge progress in the crypto market due to its different features. Over 17+ cryptocurrencies are funded by Nexo. XRP, Cardano, Bitcoin, Ethereum, and many more.
Following are the key features of the Nexo
With Bitgo, all crypto-currencies are stored. In bank-grade cold storage custody, private keys entrusted to BitGo are kept and hold $100M in insurance cover. Your assets are deposited via the SOC 2 Type 1 & Type 2 accredited crypto custodian BitGo in bank-grade Class III vaults. With over $10B in transactions each month, BitGo is the pioneer in multi-signature encryption technology.
Nexo provides loans in 45 fiat currencies when it comes to having loans in fiat currencies.
Interest of nexo
Nexo provides an interest rate of up to 8% on your crypto assets and up to 12% on safe coins & fiat currencies. Within 24 hours of depositing crypto assets in the Nexo wallet, you will begin earning interest on your crypto assets. As of now, interest in BCH, USDT, USDC, TUSD, DAI, PAX, HUSD, BTC, ETH, LTC, XRP, EOS, XLM, Connect, TRX, PAX Gold and BNB is offered by Nexo.
Payment methods ₿
NEXO token payments in :
All other payemtns through bank transfer and credit cards are supported by nexo.io
Nexo Card 💳
Nexo offer a banking service just like binance or crypto.com. Get instant cashback on all purchases and take advantage of flexible repayment options and #ZeroFees.
Here are the main features f the Nexo card:
- Accepted by 40+ million merchants worldwide
- Instant 2% cashback on all purchases
- Flexible repayment options
- Free virtual cards
- Payments in local currencies
- No monthly/annual fees, no FX fees
Nexo platform offers great deal of services to its users and customers. This platform urges users to invite their friends and earn money through referral commission as well. Nexo.io offers 30% commissions to the users.
Nexo offers credit and loans at a very cheap rate as well. This has helped the nexo platform to grow exponentially.
The platform offers interest on the idle assests that is used for the long term holding. Nexo offers 12% profit on them.
Pros and cons
- No charges for deposits, transfers, or sites.
- About 4 billion processed customers and 1+ million customers.
- 100 million BitGo Insurance.
- Earn extra interest of 30 percent when earning with Nexo tokens.
- High levels of liquidity in properties.
- Nexo card for regular purchases free of charge.
- Business Accounts Help.
- Military-grade security through the SOC 2 Type 2 accredited cryptocustodian BitGo, including cold storage in Class III vaults.
- $100 million insurance is cumulative, and it only applies to properties that are stored in cold BitGo wallets.
- No option to purchase in-app cryptocurrencies
- No option to swap in-app currencies
- To obtain the best loan and savings rates, Nexo mandates the keeping of NEXO tokens.
Nexo is the best and amazing opportunity to start the way of invest and earn their interest and access instant fiat currency without relying on credit scores. It’s very easy for users to access crypto-backed loans instantly and user lend their crypto for acquire loans for themselves.
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