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Nexo Review: Complete Guide to Crypto Loans



πŸ–Š Coin Vote πŸ‘‰
πŸ”₯ TOP Crypto TIPS In My Weekly Publication πŸ‘‰
πŸ“² Be a part of The Coin Bureau Insider Channel πŸ‘‰
πŸ™πŸ» BTC Tipjar πŸ‘‰ 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL

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⏰ Time Stamps ⏰

1:33 Introduction to Crypto Lending
3:20 Why it is helpful
4:50 Nexo Overview
6:14 NEXO Token
8:04 Nexo Platform Overview
9:40 Steps to Take a Mortgage on Nexo
11:10 Over Collateralized Loans
12:01 Lending Funds to Nexo
13:45 Nexo Competitors
15:22 Conclusion

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⛓️ πŸ”— Useful Hyperlinks πŸ”— ⛓️

β–Ί Web site:
β–Ί Whitepaper:
β–Ί Nexo Token:

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πŸ“±οΈ Socials πŸ“±

β–Ί Official Weblog:
β–Ί Twitter:
β–Ί Telegram:
β–Ί Reddit:

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πŸ“ Mission Overview πŸ“

Nexo is a subsidiary of an organization known as Credissimo which relies in Switzerland. It was launched in 2007.

Credissimo really held an Preliminary Public Providing again in 2014 and in 2017 they launched nexo. Nexo held a profitable ICO in April of 2018, bringing in a little bit greater than $52 million.

Since that point, Nexo has grown to greater than 300,000 customers and greater than $700 million in processed transactions. Nexo has supplied loans in additional than 200 international locations and in additional than 45 completely different currencies.

πŸ’°οΈ Token πŸ’°

The NEXO token presents security measures that will not in any other case be accessible on the platform. NEXO is an asset-backed dividend paying token, with NEXO holders getting 30% dividends primarily based on Nexo’s income.

NEXO can be a utility token that gives an curiosity low cost. This characteristic applies a reduction for token holders after they select to make use of the NEXO token to repay the curiosity on their loans.

Nexo customers will even get entry to larger mortgage limits. Moreover, Nexo encourages use of its token on the platform by offering mortgage curiosity reductions to anybody utilizing NEXO for his or her crypto mortgage.

It is an ERC20 token that was issued on the Etheruem blockchain and has a complete provide of 1 billion tokens.

βš™οΈ Know-how βš™οΈ

Nexo makes use of BitGo’s custody service. This is among the most safe crypto custodian providers available on the market. Additionally they have insurance coverage for any hacks or losses from Lloyds of London.

Nexo additionally has a cellular app to help in streamlined providers whereas enhancing your total expertise on the platform.

There are additionally extenstive buyer help capabilities and you may delve into their broad FAQ part.

πŸ’° Overcollateralised πŸ’°

Nexo loans are overcollateralised which implies that you’ll solely be capable to entry a sure share of what your crypto is price. That is completed to be able to defend the system in case there was a crash within the worth of the crypto.

This additionally implies that for those who have been to lend funds on Nexo you’ll have security from the collateral collapsing beneath the worth of the mortgage.

❔ Competitors ❔

The Celcius community has accomplished greater than 160,000 coin mortgage trades, and so they distributed greater than 3 million {dollars} in curiosity funds.

Blockfi offers wealth administration merchandise to traders in crypto, all powered by blockchain expertise. The minimal you could borrow on the platform is $5,000 and so they supply loans at a 50% Mortgage-to-value ratio.

Blockfi appears to supply charges of return which are larger than that of Nexo (as much as 8.6%).

SALT is one other competitor to Nexo though they don’t supply lending on the identical vary of cash. You even have little or no help for the SALT token on exchanges.

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πŸ“œ Disclaimer πŸ“œ

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.

#Nexo #lending #crypto #blockchain #Ethereum #Bitcoin #BTC #loans

Source: Coin Bureau

30 Responses

  1. Some people asked if this was sponsored. Definitely not. I just like using Nexo so thought I would share. Anybody who does a sponsored review on YouTube and does not disclose it should NOT be making videos!

  2. Today, when crypto payments are taking root in our everyday life, all your money requirements can be met by crypto loans . Crypterium offers crypto loans at just 1% annual interest rate 😳

  3. I have never had to wait over 2 months to get my money from a bank. I still havent got my money from Nexo.
    I did a simple swap on Nexo over 2 months ago and it is still pending. On friday, 4 days ago I tried to transfer crypto to another wallet and its still pending. Nexo customer service chat is a joke. They have no power and only will tell you to be patient and that issues are complicated and complex without any help. You can not talk to a supervisor. If you respect good customer service stay away from Nexo. I have the chats is you want to see them.

  4. I did a simple swap on Nexo over 2 months ago and it is still pending. On friday, 4 days ago I tried to transfer crypto to another wallet and its still pending. Nexo customer service chat is a joke. They have no power and only will tell you to be patient and that issues are complicated and complex without any help. You can not talk to a supervisor. If you respect good customer service stay away from Nexo. I have the chats is you want to see them.

  5. Sir, I wish to thank you for the support and help you provided, for your dedication, attention and open-minded thinking and for your readiness to help with very prompt response to requests. Ethical liam hacks I wish to express my heartfelt gratitude for your help in financing my studies.

  6. The problem I have with some of these Crypto Lending institutions is they can not pay you interest in New York, If I lend them BTC they can pay you interest in BTC and not cash. Most others won't do even that…

  7. In the event of a bull market can we earn on the crypto actual value (trading value) and the crypto lending interest rate on Nexo (interest rate), so twice? I can't find any information on this still remaining question

  8. If you lend crypto to a lending platform like Nexo, certainly you gain X% interest on lending but does it also means this crypto is out of the exchange? In other words, if I lend my crypto, can I not only earn % interest but also earn on the value increase from the trading crypto (if increase there is) ?

  9. Great video. Lending is very lucrative. But heres my question: How does nexo earn money themselves? If they give 8 to 12 % for leding but only take upto 6% for borrowing ? Plus I dont thing that so many people are borrowing. More people will do lending.

  10. I enjoyed using NEXO, but exchange fee was so ridiculous. Cost me $300+ fee when it says free fee on exchange, EOS -> Tether and Tether -> EOS. Accumulating interest was pretty much useless since it went all to exchange fees, deposit/withdrawal fees.

  11. I love al your informative videos but I put some euros there and there is no way to contact with any kind of customer support. Seems a pyramidal scam. Hope I didn’t loose that money

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