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Review on Nexo Wallet by Patejl Patejlson
NEXO Wallet - future of banking with crypto
Nexo Wallet is one of my favourite way where to store crypto. The only disadvantage someone could say is its centralized character as it is only custodial wallet (the characteristic of the wallet makes it necessseary to be custodial).
But there are plenty of benefits. You can store your crypto and get an interest (quite high). You can obtain credit line and use it as you wish. They are offering great payment card (still you have to wait for delivery) with casback and with other advantages. This wallet can replace your standard bank account because it has almost everything standard bank has. Worth to mention that you are earning interest also on your fiat deposit.
Pros
- high interest on crypto
- credit lines
- payment card
- assets are insured with high limits
- free withdrawal
Cons
- custodial
