Nexo (NEXO) News, Price Predictions, Opinions and Analyses Created by Users

Nexo (NEXO)

117 Articles 6 Followers

Nexo (NEXO) is a cryptocurrency made by Credissimo, a European FinTech Group and market leader in the Online Consumer Lending segment across Europe. Credissimo was founded in 2007 and therefore has more than 10 years of experience in the FinTech industry. The team behind Credissimo moved into the cryptocurrency arena in 2017 with the launch of Nexo, a cryptocurrency and the world’s first blockchain-based cryptocurrency-backed loan platform. 

With Nexo, users deposit supported crypto assets including, apart from Nexo (NEXO), also Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Binance Coin (BNB), Litecoin (LTC) and 17 other cryptocurrencies to earn an instant cash loan in 45+ fiat currencies. Upon depositing crypto, a credit line becomes instantly available and no credit check is necessary. Users can spend from their credit line anytime by the Nexo card or withdraw directly to their bank account. When your crypto goes up in value, additional credit is automatically and instantly available on your credit line. Also, all crypto assets are insured and secured by the renowned SEC-approved custodian BitGo.Apart from Nexo’s instant crypto credit line, users can earn 8% interest per year with compound interest paid out daily with no fees for loaning out crypto or fiat currency. 

In addition to Nexo’s financial services, Nexo (NEXO) token holders reportedly receive passive income in the form of 30% of the company’s profits. As well, token holders also receive discounted -50% rates on Nexo’s Instant Loans.

Currently, Nexo is the largest and most trusted lending institution in decentralized finance as it has processed $700 million for 200,000+ Nexo users and has received more than $1 billion in Instant Crypto Loan requests. Moreover, Nexo is supported in more than 250 jurisdictions and supports 45+ fiat currencies. 

In this tag you can discover Nexo (NEXO) news, price prediction, opinion and analysis created by users.


nexo.io - my weekly update

23 Feb 2021 1 minute read 1 comment renbo21

Hello everyone. It is time for my weekly update on https://nexo.io/ As I'm sure all of you know, Bitcoin and other assets have dipped down the past few days. Despite my portfolio being down about $50 in comparison to last week, my overall earnings ar...

MAXIMUM LEVERAGE - A story of a RE investor, crypto, and NEXO

23 Feb 2021 2 minute read 0 comments Lonestarloanstar

As a mortgage broker, leverage is essentially my bread and butter, but recently I had a client introduce me to an interesting strategy he was using to grow both his digital assets as well as his physical assets (real estate). A successful real estat...

I Did Something Foolish With My Bitcoin

22 Feb 2021 5 minute read 12 comments johnwege

Yes as the title hints at; I did in fact do something very foolish with a small portion of my bitcoin holdings. But before I actually tell you what you did, I want to explain what my mindset was and hopefully that will help you to understand my think...

A workaround potential BCH high Tx fees due to compounding micro-transactions

18 Feb 2021 1 minute read 0 comments funtraveller

Earlier today, I read a post by @rycharde highlighting the potential issue to be faced when receiving micro-payments through Noise.cash. I was alarmed by it since I'm actively participating in Noise. After going through the posts and the links attach...

Nexonomics 2.0: How NEXO is shaping the future of banking

18 Feb 2021 5 minute read 0 comments PierreL

A brief overview of NEXO NEXO is a crypto and FIAT lending/borrowing platform, like BlockFi or Celsius, but with some particularities that make them stand out. Since 2018, they've been working to shape the future of personal finance and the lending m...

Nexo and Ledger partnership

10 Feb 2021 1 minute read 1 comment Makingdigital

The Nexo platform, one of the safest centralized crypto banks that we have at our disposal, has partnered with Ledger to multiply its security. Nexo is a custodian that stands out for its trustworthy and security profile when it comes to depositing c...

What happen to NEXO!?

8 Feb 2021 1 minute read 12 comments 마요고

Hello!!! Small time hodlr here. Wow nexo is great. I love the daily interest idea. So I recently made my first btc deposit to nexo a few days ago. I also deposited some LTC and it was already 4 days since my first deposit but only my LTC account has...

THREE new Cryptos are added in my wallet. And, Doge is not one of them!

5 Feb 2021 3 minute read 25 comments theatdhe

img sourceAs much as I do get tempted by the enormous movements of Doge and the tweets from Elon Musk...those are not enough to make me invest in DOGE. To me DOGE is just a shitocin being pumped by a famous rich guy that likes memes.P.s I do love mem...

NEXO Doubles In Less than a Month Among Buybacks, Exchange Service Launch

4 Feb 2021 2 minute read 2 comments YankeeKitsune

In December of last year, I posted my review of crypto lender Nexo's native token NEXO and ended with a strong belief that it could hit $1 by the end of '21. Well, it seems my time frame was off just a tiny bit... Going by CoinMarketCap's historical...

Trading on Nexo is now possible

4 Feb 2021 1 minute read 0 comments ManuelAR

In one of my previous articles I looked into Nexo, a platform that serves as an online bank. You can earn interest on different crypto currencies, stablecoins, even fiat that you deposit into the platform. You can also borrow against the collateral y...