Nexo (NEXO)

239 Articles 11 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.

Here's Your Gift of $25 in Bitcoin

26 Sep 2023 2 minute read 2 comments Coins Reporter

If you are thinking that I am talking about a gift card from Binance or a direct donation, my friend, I intend nothing like that. Besides I am talking about a free gift for each other.  Yrs it's true that we both can gift $25 to each other and that t...

The New Nexo Dual Mode Card

4 Sep 2023 1 minute read 2 comments KMatt

On August 31, Nexo launched the new card for Europe. It's the first card in the world that will be both a credit and debit card. As usual, there are no commissions, there is the compatibility with Google Wallet and Apple Pay and 2% cashback if you ho...

UX designer rates crypto exchanges from best to worst

28 Aug 2023 1 minute read 3 comments LeftFooted

I live in Belgrade and for whatever reason I'm surrounded by UX (User Experience) designers. I happen to cohabit with one and I asked her to rate the UX design of the crypto exchanges I use from best to worst. I'll use a fictitious name to protect he...

Funny Crypto August 17th

19 Aug 2023 1 minute read 7 comments Dave Sawyer

Cryptonauts we LOVE YOU!!  so good to be back with y'all in your mighty watch army!! WE STORM THE STEPPES LOOKING FOR CRYPTO HUMOR!!!  It's a funny time for Letetia James, the NY AG !! she never ever ever said " boo" to Sammy, cuz he paid all the rig...

WorldCoin is on the rise! Its not good

29 Jul 2023 1 minute read 1 comment Aldeneer

Recently WorldCoin became very popular, this almost dystopian project that gives you weekly allowance for scanning your eyes is for some reason pumping. In only one day its price rose by over 10 cents. And it will probably rise even higher because it...

#NexoWallet A wallet that can generate passive income for you

1 Jun 2023 1 minute read 0 comments Million Airdrops

🥇📢 #NexoWallet, the most secure #1 savings & loan platform! One of the most popular lending platforms worldwide. Money savings should not be missed! ----------> 🎁🎁 🚀 Apply link: NEXO Wallet Press Now 👉 :

2 minute update via Nexo

16 Apr 2023 1 minute read 0 comments Vladan Lausevic

The Ethereum network's Shapella upgrade was successfully implemented, allowing withdrawals of staked ETH without causing a massive unstaking event. ETH's price surpassed the $2,000 resistance level after the upgrade. However, governments are exerting...

NEXO - FIET - Withdrawal - Rejected - Resolved

21 Mar 2023 1 minute read 0 comments By sea and land

NEXO - FIET - Withdrawal - Rejected "Please note this has been resolved" I have been using NEXO for a while now over two years. I made a withdrawal request but, it was rejected. I contacted support who could not provide any details and suggested I tr...

Nexo agrees to a settlement with the SEC

22 Jan 2023 2 minute read 4 comments ZeroRequiem

Hey Peeps!     On January 19th, Nexo announced, via a press release, that they have reached a settlement with the U.S. Securities and Exchanges Commission (SEC).  The SEC also released a press release announcing the agreement from their perspective....

The walls are closing in on Nexo

17 Jan 2023 2 minute read 20 comments ZeroRequiem

Hey Peeps!     On January 12th, Nexo’s offices in Bulgaria were raided as part of an investigation into financial crimes, money laundering, and even violations of international sanctions against Russia. The next day, four Bulgarian nationals were ar...