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NEXO (NEXO)

Website: https://nexo.io/
Coingecko Infos

Price for 1 NEXO

0,7745 $

1,00 %

Rank: 124 - Market Cap: 0,43 bn $

NEXO is a digital asset platform that offers loans and financial services for the cryptocurrency community moreNEXO is a digital asset platform that offers loans and financial services for the cryptocurrency community. The platform provides users with a variety of benefits, including:

1. Instant access to cash: NEXO users can borrow money instantly against their cryptocurrency assets without losing ownership of their digital assets.

2. High loan-to-value ratios: NEXO allows borrowers to access up to 50% of the value of their digital assets, which is a higher ratio than many other lending platforms.

3. Competitive interest rates: NEXO offers some of the lowest interest rates in the market, with rates starting at 5.9% APR.

4. No hidden fees: NEXO does not have any hidden fees, such as origination or maintenance fees.

5. Security: NEXO is one of the most secure platforms in the industry, with its funds insured up to $100M, and utilizes multi-signature cold storage to protect users' funds.

The NEXO token, which is an ERC-20 token built on the Ethereum blockchain, plays a vital role in the NEXO ecosystem. It serves as the platform's utility token and provides various benefits to its holders.

- Lower interest rates: NEXO token holders can get a discount on their loan interest rates by staking NEXO tokens as collateral.

- Higher loan-to-value ratios: NEXO token holders can also access higher loan-to-value ratios, up to 75%.

- Dividend payments: NEXO tokens generate passive income for holders in the form of dividend payments, which are distributed based on the profits of the platform.

- Collateral: NEXO tokens can also be used as collateral for loans, allowing users to access more funds without selling their tokens.

In conclusion, NEXO offers a wide range of benefits to its users, including instant access to cash, competitive interest rates, and high loan-to-value ratios, among others. The NEXO token also provides various benefits to its holders, such as lower interest rates, higher loan-to-value ratios, dividend payments, and collateral. These benefits make NEXO a popular platform for cryptocurrency loan services.

Sources:

1. https://www.nexo.io/
2. https://coincentral.com/nexo-review/
3. https://www.investopedia.com/nexo-review-5092121
4. https://www.cryptoninjas.net/2020/06/11/nexo-introduces-instant-crypto-credit-lines-against-any-asset-class/
5. https://www.cryptopolitan.com/nexo-lending-platform-defi/ (AI generated summary)

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Amount (optional) EUR

Payment methods:

Credit Card

Bank Wire

Paypal

Giropay

Usability:

Mobile App

Beginner friendly

Easy crypto withdrawal

No KYC needed

Features:

Crypto Credit Card

Lending/Interest

DCA Service

Crypto Index

Stocks/ETFs

Many Coins

Buy NEXO (NEXO) on these exchanges:

Recommended

Recommended
Price

Biggest Exchange

Usability

90%

Features

95%

Fees

94%

Trust

74%

Support

73%

Biggest crypto exchange

Hundreds of cryptocurrencies
Low fees
many Features (Staking, Futures, Options, Margin trading...)
Ethereum Staking

for US customers use binance.us

Price for 1 NEXO

0,776 $

Fees included

Number of Coins: 0 Payment methods:

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No KYC (below 10 BTC)

Usability

85%

Features

60%

Fees

89%

Trust

47%

Support

59%

Crypto Exchange without KYC (below 10BTC)

No KYC below 10BTC/day necessary
Many coins, new project listed fast
Usability (comparable to Binance)

credit card (max 10.000 dollar) only way to buy with dollar

Number of Coins: 0 Payment methods:

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NEXO (NEXO) Chart

NEXO trending in the last 30 days

🔥 Daily Top Winner

Trending on Coingecko

Trending on Coingecko

Trending on Coinmarketcap

Trending on Coinmarketcap

High Trading Volume

High Trading volume

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