Earn interest daily on the crypto you don't use with Nexo. A lot of people are just holding their crypto and make not much use out of it besides the investment itself, I myself had did this too until I found Nexo. With Nexo you can earn up to 10% annually on many crypto's. And the platform has no withdraw fees.
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What is Nexo?
Nexo is a borowing and lending platform where you can depossit your crypto's to be lend out and earn interest on it. They claim to be the most advanced platform for instant crypto loans. Existing in the crypto space since 2018 and available in more than 200 jurisdictions, besides that they also have a $100,000,000.00 in insurance protections. They have their own credit card where you can spend your available credit with. And with their own native token (NEXO, ERC20) you are able to earn extra percentages of interest if you hold at least 7 in your Nexo account and earn dividends from part of the company profit.
What coins do they support
Nexo support a large range of crypto currencies stable coins and as well as some fiat currencies, here is an overview.
Regular Crypto's
BTC, ETH, BCH, XRP, LTC, EOS, XLM, BNB, LINK, TRON.
Stablecoins
USDT, USDC, TrueUsd, DAI, HUSD, PAX and PAXG
Fiat
EUR and GBP
And of course their Nexo token to earn dividends
Interest rates
Here an overview of the yearly interest on all different currencies. Maximum percentage can be reached by holding a minimum of 7 Nexo tokens and filling required KYS.
BTC, 5% up to 6%
ETH 5% up to 6%
BCH 5% up to 6%
XRP 5% up to 6%
LTC 5% up to 6%
EOS 5% up to 6%
XLM 5% up to 6%
BNB 5% up to 6%
LINK 5% up to 6%
TRX 5% up to 6%
USDC 8% up to 10%
TrueUsd 8% up to 10%
DAI 8% up to 10%
HUSD 8% up to 10%
PAX 8% up to 10%
PAXG 5% up to 6%
EUR 8% up to 10%
GBP 8% up to 10%
Besides these percentages you can earn an additional 2% but this can only be payed in NEXO tokens.
Personal opinion
Personally I think Nexo is a great platform overall and a platform I trust as they have been here for a while now looks like a real legit service with no hidden bull-crap. If you compare it to fiat banks it almost seems to good to be true, but that's the world of crypto.
As mentioned before if you have some crypto they accept you hodl in a wallet just doing nothing. Why not send it over to Nexo and earn some interest. Further on I only use this platform to earn interest, like I said you can borrow from them too but I honestly dont deal with borrowing so sorry If I haven't touched that too much in this article. I also don't own a Nexo credit card as my crypto is a investment and I dont plan to spend it. One thing I really like about the platform is that they pay interests daily so it will compound every time which is already visible with even small investments. Also the fact they have no fees makes it very attractive as there are so many platforms where fees destroy the possibilities of the smallest investors.
So plain and simple just deposit and earn interest.
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Take note I'm not a financial advisor and you yourself are countable for every financial action you take.
