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Nexo Wallet is a platform for instant crypto loans that has the benefit of providing over 45+ FIAT currencies and operating in over 200 jurisdictions. The idea behind Nexo Wallet is that users can use any cryptocurrency that they own as collateral to receive FIAT funds without the need to sell any of the cryptocurrency that they own.
How does it work?
Users of Nexo Wallet are required to lock up their cryptocurrencies as collateral in exchange for the FIAT currency of their choice. Once this is done, the cash is sent directly to either the user's bank account or added to a prepaid credit card. As with cryptocurrencies, due to the volatility of it, the limit on the prepaid credit card will adjust if there are any changes to the market value of the cryptocurrency you had. Additionally, if you want the cash sent directly to your bank account, there will be a small delay.
At the current moment, users can choose to loan between $500 and $2,000,000 although the platform is looking at bringing the minimum loan amount to an even lower value.
Once it is time for you to repay your loan, you can do so by choosing to pay with either cryptocurrency, FIAT currency or even Nexo token which gives you a couple of options and the freedom to choose. This is great as some competitors only allow repayments with FIAT currency.
Is it worth my time?
Nexo is a great platform that can work perfectly for you if you have cryptocurrency and need FIAT currency as a loan. The guaranteed approval and no hidden fees aspect of Nexo makes it a great option for loans.
Furthermore, Nexo Wallet has a core team of 14 members working behind the scenes, many of whom have previously held extremely high-level positions at various locations. Many have held positions at Credissimo, a company that is also famous for offering instant online loans and other financial services. One of the co-founders of Nexo, Antoni Trenchev, was also previously a member of Parliament at the National Assembly of the Republic of Bulgaria, so it's easy to see that this is a legitimate and trustworthy platform.
Pros & Cons
You can repay your loan using cryptocurrency, FIAT currency or the Nexo token.
Instant access to cash without the need to sell any of your cryptocurrency.
No minimum repayments required.
How does it work?
Users of Nexo Wallet are required to lock up their cryptocurrencies as collateral in exchange for the FIAT currency of their choice. Once this is done, the cash is sent directly to either the user's bank account or added to a prepaid credit card. As with cryptocurrencies, due to the volatility of it, the limit on the prepaid credit card will adjust if there are any changes to the market value of the cryptocurrency you had. Additionally, if you want the cash sent directly to your bank account, there will be a small delay.
At the current moment, users can choose to loan between $500 and $2,000,000 although the platform is looking at bringing the minimum loan amount to an even lower value.
Once it is time for you to repay your loan, you can do so by choosing to pay with either cryptocurrency, FIAT currency or even Nexo token which gives you a couple of options and the freedom to choose. This is great as some competitors only allow repayments with FIAT currency.
Is it worth my time?
Nexo is a great platform that can work perfectly for you if you have cryptocurrency and need FIAT currency as a loan. The guaranteed approval and no hidden fees aspect of Nexo makes it a great option for loans.
Furthermore, Nexo Wallet has a core team of 14 members working behind the scenes, many of whom have previously held extremely high-level positions at various locations. Many have held positions at Credissimo, a company that is also famous for offering instant online loans and other financial services. One of the co-founders of Nexo, Antoni Trenchev, was also previously a member of Parliament at the National Assembly of the Republic of Bulgaria, so it's easy to see that this is a legitimate and trustworthy platform.
Pros & Cons
You can repay your loan using cryptocurrency, FIAT currency or the Nexo token.
Instant access to cash without the need to sell any of your cryptocurrency.
No minimum repayments required.
| Supported coins | BNB, BTC, BCH, LINK, DAI, EOS, ETH, LTC, NEXO, PAXG, PAX, XRP, XLM, USDT, TRX, TUSD, USDC |
| Anonymity | High Anonimity |
| Who controle your private keys ? | You control your private keys |
| Payment solutions | Cryptocurrency Wallet |
| Language | english |
| Monitored since | 1454 days |
| Payments reported on NBR | 1 532,91 $ |
| Accepted countries | All |
Six in number, the statutes reflect the trust we place in the payment reliability of a rewarding site. This rating depends on the payment testimonials reported on by the members as well as the informed opinions of the administrators and moderators.
| legit | Some payment testimonials from many members |
| promising | Some payment testimonials from some members |
| new | Default status |
| doubtful | Doubt on the payment reliability |
| scam | Not paying or not paying soon |
| closed | Inactive or missing site |
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Actual rating of Nexo
Reason to the status currently assigned by netbusiness since the 02/11/2022 at 7:25 PM
Paying
Status history
- No data
4
18 Opinions on 25 comments
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Amount received : 3code
Very good website protocol 
J'adore Nexo, une partie de mes actifs sont là-bas depuis 1 an déjà.
J'ai mis à jour la fiche, car une nouveauté jusqu'à 20% APY sur un stablecoin.
Comme indiqué, si vous éliminez le facteur risque, au minimum c'est 14% par an sur l'actif : UST, Terra USD.
Et si, comme moi vous avez 10% ou plus de votre portefeuille en Nexo token, vous gagnez 20% APY sur UST.
Bref, pourquoi j'aime Nexo ? C'est tellement simple. On peut acheter de la crypto avec sa CB, les frais sont bas, les échanges sont sans frais et on gagne un petit cashback de 0.5%. Mais ce qui es le top, c'est d'avoir une application optimisé et clair.
On achète, on stake et on voit son compteur grossir de jour en jour.
On a également quelques petites news, c'est un ensemble qui fait que j'aime Nexo.
J'ai mis à jour la fiche, car une nouveauté jusqu'à 20% APY sur un stablecoin.
Comme indiqué, si vous éliminez le facteur risque, au minimum c'est 14% par an sur l'actif : UST, Terra USD.
Et si, comme moi vous avez 10% ou plus de votre portefeuille en Nexo token, vous gagnez 20% APY sur UST.
Bref, pourquoi j'aime Nexo ? C'est tellement simple. On peut acheter de la crypto avec sa CB, les frais sont bas, les échanges sont sans frais et on gagne un petit cashback de 0.5%. Mais ce qui es le top, c'est d'avoir une application optimisé et clair.
On achète, on stake et on voit son compteur grossir de jour en jour.
On a également quelques petites news, c'est un ensemble qui fait que j'aime Nexo.
Nexo passe au statut s?rieux.
Raison : Paye
Raison : Paye
Amount received : 1488.91$
Petit retour "positif", après un test de 9 mois sur la plateforme NEXO (+1600%).Si vous avez raté la 1ère vague (?), je vous recommande #NEXO avec un modèle économique qui déjà se régule en Europe (et ailleurs) et se montre performant et fiable dans le temps (par rapport à un domaine risqué).
?? NexoFinance est une plateforme de prêts de crypto-monnaies qui vous permet aussi de gagner des intérêts tous les jours sur vos crypto-actifs non-utilisés !
? Pour en profiter, utilisez le lien de cette fiche !
#regulation #bank #crypto
Plateforme en cours de test pour ma part. Pour l'instant, je trouve que le site internet et son concept de prêt ainsi que de stockage de ses cryptos dans le but de percevoir un intérêt journalier est intéressant. En plus du site web, une application a été créer ce qui permet d'avoir à son compte de n'importe où. Une carte bancaire est en cours de création par la plateforme ce qui permettrait directement de payer avec ses propres cryptos. A voir par la suite si la plateforme continue d'évoluer
