Crypto investors generally do two things, i.e., Buy & Sell. They sell when the price is high and buy when the price is low. However, many investors miss-time their buy and sell due to FOMO.
Apart from buying/selling your cryptocurrencies, now you can lend and borrow them too. Today, I am just going to focus on the Crypto Lending as passive income.In real life, there are some investors who don’t want to sell their assets but are forced to do so because of lack of options. For such individuals crypto loans are perfect.
Nexo is one of the borrowing and lending cryptos platform that I would like to reccomend.
Is Nexo legit?
Nexo is backed by Credissimo, which is a leading European fintech group serving millions of customers over the last 10 years. And now they have stepped into crypto with the world’s first instant crypto loans. Also all Crypto is secured by its partner Bitgo which is insured by Lloyd’s.
Nexo only accepts some stable coins and doesn’t let you earn interest on Bitcoin or Ether. They could in the future so stay tuned. The nice part of Nexo is that interest is paid out daily.
Let's see basically here how does it work??
Currently, Nexo also allows customers to earn interest on their stablecoins, .
Through the Nexo platform, Nexo allows customers to earn interest on their USD, EUR, GBP and also stablecoins like DAI, PAX, USDC, USDT & TUSD., providing up to 8% interest per year, compounding interest paid out daily. This process is fully automated and is available for all Nexo Wallets with no minimum amounts & no fees restrictions.
Nexo Dividends
Deposit Nexo token on Nexo platform, the holders are paid 30% dividends on their holdings. This 30% is paid from the companies profit, and it is only paid to the advance verified Nexo holder (KYC passport certified holder).
Where can you buy NEXO tokens?
If you wanted to buy NEXO tokens then there are a few exchanges that you can use. You could also get it on the Binance exchange, the worlds second bitcoin exchange.
