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

Nexo (NEXO)

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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.

How-to Hodl Like a Pro (with Nexo)

13 Jun 2021 8 minute read 37 comments Mynima

Introduction Bull Market or Bear Market, the goal is the same. Invest, earn, increase our position and possibly have a shot at an earlier retirement. Traditional financial services (TradFi), can get us there but they are slow and fixed into monetary...

Pick Your Poison: The Nexo Tokens Proposal

6 Jun 2021 5 minute read 6 comments the.hifi.crypto

Are you brand new to crypto and not sure where to begin to learn about it? Check out my intro to cryptocurrency post and my cryptocurrency blog to learn more about this fascinating new technology! It seems that no matter where we go in life these day...

You should invest your crypto NOW!

4 Jun 2021 4 minute read 2 comments TrocProcLock

Growing up in the USA we were told that you need 1 million dollars to retire. I recently heard that there is a new figure that is closer to 1.5 million. What is interesting is that also growing up I was never told about Social Security. Here in the U...

Nexo's Upcoming Vote and the Irrelevance of Dividends (Modigliani–Miller theorem)

27 May 2021 7 minute read 1 comment Brother Numsee

Nexo will soon be holding a vote to determine if it will continue paying dividends to Nexo holders or begin paying interest on the Nexo token, like it does on other coins. This has prompted a lot of debate among Nexo holders about the wisdom of tradi...

NEXO Introduces First Governance Proposal

27 May 2021 2 minute read 0 comments orbithunter

On June 7, 2021, every eligible NEXO token holders will be able to vote for or against the first Governance Vote Proposal: Daily Interest on NEXO Tokens. Voting will be open for 24 hours from 12:00 UTC on June 7, 2021 until 12:00 UTC on June 8, 2021....

Interest vs Dividend: Nexo Governance Debuts with a Major Decision and Gives a Hint on Profitability

27 May 2021 4 minute read 3 comments YankeeKitsune

Nexo's First Governance Vote Though Nexo's addition of a governance function to their native token has been teased for some time now, the first item coming up for a vote may be coming as part of a surprise; Replacing Nexo's Dividend system for daily...

NEXO might be Killing Dividends for Token Holders

26 May 2021 1 minute read 2 comments anakura

Latest news this morning from Nexo is that Dividends for NEXO token holders might be discontinues in favor of Daily Interest for holding NEXO in your Nexo Savings and Credit wallets. What's going on? Nexo announced this morning that it is considering...

Using the Nexo Exchange to Avoid Trading & Withdrawal Fees

17 May 2021 1 minute read 13 comments Brother Numsee

In my ongoing quest to avoid paying fees, the Nexo Exchange is proving very helpful.  I'm tired of paying withdrawal fees and taking time to plan withdrawals efficiently. I'm even more tired of the fees killing my profits. (I sent one AAVE from Krake...

Nexo Direct USD On-Ramp Is Here with a Big Promo

16 May 2021 1 minute read 0 comments XTRM

XTRM PR - (16th May, 2021) - Nexo - Attention Traders and Hodlers, big things happening, and as all clients know who use the facilities, nothing is better than Nexo’s current USD top-up options than even more options for transferring your dollars to...

NEXO, is it a good cryptocurrency service?

4 May 2021 1 minute read 0 comments didi_blogs

Nexo is a bank but for cryptocurrency. You are able to take out loans for as little as 5.9% APR but when you despoit your funds you can start earning interest on them. You can earn up to 12% APY on stablecoins and 10% on the the other supported crypt...