Best of 2023: Nexo Cryptocurrency Trading And Earning The Easy Way [Explained] - Now remember this is not financial advice... more of a point towards... how do I say? A very easy, and can be rewarding, route into Bitcoin and Cryptocurrency Trading in general - I give you... Tadaaa... NEXO!
Oi, oi, oi, on with the crypto mutterings of myself my fellow traders! If you're new to the Bitcoin game and you're feeling a bit lost, don't worry, slap yourselves and wake the *oops* up, we got simple work to do - Aaand I have got your back... because I am good like that and put myself through a Boot Camp, to be all 'government' just to keep you good people safe... So without anymore filling... Here's a little trading method that even the greenest of beginners can use... seriously though the greenest of green. Absolutely worth a few months of try before you go all-in...
Firstly because I assume you are new to trading, let's break down the fundamental basics of what Bitcoin is. Well to begin with it's a digital currency that isn't owned or controlled by any government or financial institution. This is something you are going to hear a lot about on your journey. With this in mind, keep in your brain the majority of crypto and Bitcoin are decentralized, with transactions being verified by a network of users called a Blockchain. This provides a level of security, accessibility, the important democratic freedom and transparency that traditional currencies don't have... and the associated traditional banks can't offer this either currently.
Moving onto the easy-peasy trading method. Now hear me out on this... It's simple, but effective - we're calling it the 'Nexo Wallet Method', and here's how it works... briefly:
Step 1: Download the Nexo App
If you're new to the game, you're going to want a user-friendly platform to trade on. That's where Nexo comes in - it's an app that allows you to buy, sell, and store digital currencies like Bitcoin. Download the app on your phone or tablet and create an account... you can also use the Browser version if you wish.
Step 2: Set up your Nexo Wallet
Once you've got the app ready to go, you'll need to set up your Nexo Wallet. This is where you'll store your Bitcoin and other digital currencies. Nexo's wallet is secure and user-friendly, making it a great place for beginners to keep their coins.
Step 3: Buy some Bitcoin in the Nexo App
With your Nexo Wallet ready to go, it's time to buy some Bitcoin. You can do this within the app itself - just like you might buy something on Amazon or eBay. You can use a variety of payment methods, from credit cards to bank transfers, to purchase Bitcoin at the current market price... Easy!
Step 4: Hold onto your Bitcoin in Nexo's Secure Wallet
Once you've bought your Bitcoin, it's tempting to sell it right away if the price starts to fluctuate. But hold onto your horses my equestrian crypto friend. Bitcoin is known for its often extremes of up and down values, aka volatility. Meaning that it can go up and down in price quickier than a busy rabbit... and can be quite the dramatic asshat at times... Woah, steady now... Instead of selling in a dithering and headless panic (we all did it), hold onto your Bitcoin in Nexo's secure wallet. This way, you can ride out any price dips and wait for the value to rise... NEXO have your assets insured and auditing is provided in real-time... now add onto that, you can earn much higher Interest than your bank (paid daily) - Nexo ain't at all that bad... I have been using Nexo for over three years - They bend over backwards for you.
Step 5: The Best Bit - Sell Bitcoin for a profit
When the time is right and the price of Bitcoin is looking good, you could sell some, or all of your coins in the Nexo App. This way, you can lock in your profits and withdraw the funds to your bank account or credit card, or earn very good interest daily on your choice of fiat (regular) currency by hodling your cash in the app... The process is uncomplicated and all laid out for you neatly.
There is so much more to the Nexo apps, from healthy interest to 0% loans... I recommend holding the 10% or more of your balance in NEXO Tokens. This gives you higher interest, lower fees and much more.
Alright so that's the Nexo Wallet Method in a nutshell. Of course, there are other strategies you can use and different cryptocurrencies you can buy and sell. But for beginners, this is a solid place to start... very solid with compliance already in place within many of the countries with heavy crypto regulations such as UK and USA.
Let's also talk quickly about the new Nexo Wallet alongside the standard Nexo App and WebApp. As of early 2023, Nexo has released a new version of its wallet that offers even more features and security... this runs in sync with the regular app, and will also soon provide more earning opportunities for your stash.
The NEWER NEXO SYNCED SECURE WALLET
The new Nexo Wallet allows you to easily and securely buy, sell, and store over 100 digital currencies, including Bitcoin, Ethereum, and Litecoin. The wallet offers multi-signature security, meaning that multiple users need to authenticate any changes or transfers of funds.
One of the bang-on standout features of the new Nexo Wallet is its ability to earn interest on your digital assets. By holding coins in the Nexo Wallet, you can earn up to 8% interest on your cryptocurrencies. This is a great way to passively earn money while you wait for the value of your coins to rise.
But don't worry if you prefer the more traditional Nexo App or WebApp - both platforms still offer the same great features and security that Nexo is known for. The beauty of Nexo is that it's designed to be user-friendly and accessible, no matter your experience level.
So, there you have it - the Nexo Wallet Method for trading Bitcoin, and a little bit of info on the new Nexo Wallet. Remember, trading digital currencies like Bitcoin can be exciting, but it's important to do your research and never invest more than you can afford to lose. Keep your head on straight, my friends, and happy trading... Until next time.... Adios!
If you got this far without downloading the NEXO App here is another chance...