According to their website Nexo is:
"Nexo is the world's most advanced, regulated digital assets institution offering instant cypto loans, daily earning on assets, exchange, and the only blockchain company to provide it's services in 40+ fiet currencies and in more than 200 jurisdictions"
They are an exchange that offers high interest on assets held and they offer loans backed by Cypto assets that one holds. They offer interest rates up 17 % abd loans with interest as low as 6.9 %.
The amount of interest on assets and loans does differ between assets and the amount of Nexo tokens one holds. According to their website they have an a high amount of security and insurance. But, it is not backed by any Government body and one could potentially loose all their assets. I personally would not trust Nexo with a large amount of assets.
I joined Nexo about 8 months ago and I have found their services to be really good.
So far I have.
Received cypto
Received Euros
Received and sent GBP
Received daily interest
The first payment I made in GBP took several hours to be received but, all the payments that I have made since have arrived within 2 hours. Payments that I have made in Euro have been received within 2 hours. Cypto that I gave sent have been received within a few hours. Withdrawals in GBP have always been received in a couple of hours even on non working days.
I get weekly emails with a summary of interest that I have received. Last week I received $0.85 and since joining I have received a total of $22.92. As previously stated I do not fully trust Nexo and I may decide to hold more assets with them in the future.
Nexo is an Exchange that offers interest on assets and they offer loans that are backed by Cypto. Receive and send and hold fiet. My banks no longer allow me to receive or send fiet to a few exchanges but, I have not had any issues yet. I have found the app functions well and to date I have not had any issues. Reviews on Trustpilot are also very positive. But, having read some of the bad reviews that account for 5 % it would appear that some members have lost money. Without seeing an update on Trustpilot it is impossible to know if these people resolved the issues. Nexo did respond to the reviews. The most recent negative review was a day ago and the most recent positive review was 3 hours ago. They have a Trustpilot Score of 4.6.
