Our first blog article is about our absolute favorite cryptocurrency platform Nexo!
Nexo is an amazing platform to buy, sell, exchange, store and stake tons of cryptocurrencies. On top of all that, Nexo also enables their users to borrow money (at zero to low interest), on the sole condition that they collateralize (back up) their loan.
First of all Nexo is beautifully designed, not only their website, but all of their media outlets. As the title suggests, Nexo has won several awards in the cryptocurrency space and this is because their whole company is set up extremely good from the beginning. Everything about Nexo just seems to be perfect.
Nexo currently has more than $8 billion in assets under its management!
“Disrupting the financial system, one bit at a time.”
Nexo currently supports more than 100 different cryptocurrencies and some main national currencies (like USD, EUR, GBP), with more being added over time. Transactions on Nexo are instant and users even get a small cashback on transactions.
Transactions to Nexo may take a little while, depending on the currency and the source of the incoming funds!
Nexo rewards all of their users on a daily basis for holding cryptocurrencies in their wallet. These payouts can be received daily in the form of NEXO tokens, which can than be exchanged for any other currency.
Nexo uses a four-tier loyalty system, which grants users more and more benefits as they add more NEXO tokens to their wallet. See the image attached below.
Nexo has its own exchange which supports over 1500 different market pairs (such as BTC/ETH) and charges no transaction fees. Transactions on this exchange are instant.
Additionally, users can instantly borrow money on the Nexo platform, on the condition that they collateralize (back up) their loan. Interest rates start at 0% but may rise as you would like to borrow more money. There are no credit checks, no monthly paybacks and no origination fees. Users can borrow from $50 to $2M, depending on the collateral they are holding in their wallet.
Paybacks can be made whenever you want, but will be made automatically if the market value of your holdings drops significantly!
Nexo has also introduced their own Nexo card, which can be used to buy more and more products and services worldwide, without having to sell your cryptocurrency holdings. By using the Nexo card you can get up to 2% cashback on every purchase you make. The Nexo card also has Apple Pay and Google Pay integration.
Some users may even wish to increase their cryptocurrency holdings, but do not have sufficient money to buy more. This could be if a more experienced user foresees a coming rise in price. Nexo enables their users to grow their cryptocurrency holdings up to 3 times, with a maximum amount of $250.000 per boost. In this case you borrow the boost from Nexo (called the Nexo Booster), and will have to pay your desired boost back later.
Finally, Nexo claims to pride itself to be the most safety-driven wealth platform on the market. They have huge insurances with several big firms, in the rare case something may happen to your funds.
We highly recommend you to use the Nexo platform as much as you can, because it is easy to use, safe to use, and rewards you for doing so. The rewards can be really profitable in the long term.
If you would like to register your own account and start for yourself, we would like to ask you to use one of the Nexo links that we have provided above. This way you help us make a little money for our time and effort we have put into our website.
They will also support stocks and commodities in the near future!