The cryptocurrency world has been blown away by Nexus. Over one million users across 200+ jurisdictions processed more than $3 billion in 2018. Nexo Promotion Get a $25 Sign Up Bonus and $25 Referrals Bonus.
New platform Nexo offers high yields on crypto and fiat services as well as earning interest in your crypto banking account.
With Nexo, you can buy, borrow, exchange, and spend crypto, cash, or stable coins, while earning 18% interest annually on crypto, USD, EUR, and GBP.
Nexo is one of the world’s first instant crypto-backed loan platforms. It was legally operated under European jurisdiction after Nexo received a banking license in Estonia. You can access cash quickly and securely with your cryptocurrency holdings as collateral.
Although Nexo has been around for more than four years, its services have only recently been available to the general public. In the past few years, this project has grown to become one of the biggest players in this industry: they built one of the largest cryptocurrency lending platforms in Europe (with over $3 billion in assets) and raised over $52 million during their ICO,
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The Nexo Promotion: Get $25 when you sign up
You can claim a $25 Bitcoin incentive into your Nexo account by clicking a referral link, downloading the Nexo app, creating an account, verifying your address, and purchasing $100 worth of assets.
Nexo Here is how to sign up:
1. Sign up using a Nexo referral link.
2. Verify and pass the Advanced Verification process to confirm your identity.
3. You must Top up $100 or more in assets and keep them in your account for at least 30 days.
4. Your Bitcoin account will be credited with $25 once the asset is purchased. In 30 days, you will be able to unlock your reward.
5. In order to earn more BTC, you need an active Nexo account and pass the Advanced Verification process.
Note: This offer is only available for new users. Your account will be flagged if there is any fraudulent activity they seek.
Nexo Promotion: Get a $25 Referral Bonus
You both get a $25 bonus when you invite new Nexo users, complete the verification process, and purchase $100. By referring someone, you can earn an additional $25. You can earn additional income this way.
Here is how:
|Please send your referral link.|
|Confirm your identity by completing the Advanced Verification process.|
|At least $100 in assets must be added to your account and held for at least 30 days to qualify.|
|In addition to earning $25 in BTC, your referrer also earns it. After 30 days, you will be able to unlock your reward.|
|You can earn more BTC by referring others as soon as you have an active Nexo account and a pass of the Advanced Verification process.|
Nexo Crypto Exchange Features
1. Investing in fiat or crypto pays interest or can be used as a means of borrowing.
- You can invest in them to earn interest or borrow against fiat and crypto.
- Fees are not charged on a monthly or annual basis.
- We do not require your personal information or credit card information.
- You can earn interest on deposits in fiat and crypto and borrow against them if you want to.
2. Funds can be borrowed without assets being sold.
- In order to receive the funds from Nexo, you don’t have to sell your crypto assets.
- As an alternative, collateral can be used as a form of security. Nexo will hold these assets until you have repaid the loan plus interest. Without paying back what is owed, your assets become theirs! Despite the fact that it initially sounds bad, there are several benefits to it:
- It is therefore not necessary for borrowers to sell their crypto-assets immediately if they are making enough money;
- Thus, borrowers can also access their cryptocurrencies when they’re short on cash while preventing them from selling too much too soon.
3. A daily interest payment does not incur a monthly or annual fee.
- Interest is paid in the currency in which you borrowed the money. Interest payments are not charged monthly or annually.
- Interest is applied to the entire loan balance, not just the amount deposited. Assuming you borrowed $100 million USD and deposited $50 million USD in your account, you would still earn 50% of the interest rate on your deposit. Using a 2% interest rate for all three accounts, they would earn 6%, 7%, and 8%, respectively, based on a 2% interest rate (1/12th * 2%).
4. The only thing you need is an account with Nexo. You don’t have to worry about credit checks or personal information.
- No personal information will be required, or a credit check will be performed.
- Security tokens backed by crypto assets are not loans. When you take out the loan, your crypto assets are automatically sold on the exchange as collateral.
5. The lending process for asset-backed loans is automated.
- As a result of Nexo’s automated exchange process, no collateral is required. It generates smart contracts based on your selected terms and instantly and transparently processes loans.
- Due to this automation, Nexo offers 0% interest rates (for loans within 12 months of maturity) or 2% APR (for loans over 12 months). You can also repay your loan anytime without paying prepayment penalties or other fees.
6. Approval and access to funds in major currencies in a short period of time.
- Cryptocurrencies and stable coins such as USDT, TUSD, USDC, and PAX, as well as the major currencies (EUR, USD, GBP, CHF, AUD).
- The Nexo platform offers instant loans backed by crypto assets. Bitcoin, Ethereum, XRP, Litecoin, and 30 other cryptocurrencies are available for borrowing with no collateral needed. In addition to lending you money, Nexo will not require you to sell any of your cryptocurrency holdings or lock them in an escrow account for the duration of the loan.
- You upload your wallet address; ensure it supports the cryptocurrency you want to lend; then choose how much money you want to borrow; set a repayment timeframe, and press “Submit.” Once we have received your bank account information, we will send funds directly to you!
Nexo Exchange features:
|Nexo offers instant cash loans backed by crypto collateral through a regulated crypto lending service.|
|With its proprietary system, the platform operates as an autonomous lending institution that issues loans using Ethereum smart contracts. The Nexo blockchain technology allows clients to get instant, compliant credit anywhere in the world.|
Cryptocurrencies are available in hundreds. Making the right choice can be challenging.
Nexo bonus: how do I get it?
1. Complete the Identity Verification process.
2. Within the promotion period, top-up at least $1,000 in supported assets.
3. You will receive a $100 Welcome Bonus as soon as you Top Up the required amount.
Do you think Nexo is trustworthy?
Certification of ISO/IEC 27001:2013 has been granted to Nexo’s security infrastructure. Therefore, Nexo is likely to be as secure as competitors like BlockFi and Celsius. The risks associated with cryptocurrency interest accounts shouldn’t be ignored, however.
Are US citizens able to earn on Nexo?
The Nexo Earn Product is not available to citizens or residents of certain jurisdictions, including Bulgaria, Estonia, and the United States.
Is Nexo required to report to the IRS?
Help Centre for Nexo In the meantime, we are still assessing the implications of the Common Reporting Standards for our business, and we do not believe that we are required to disclose any information about transactions to the IRS or other tax authorities. So far, our customers will be responsible for disclosing any information about transactions to the IRS or other tax authorities.