Review on Nexo by Reggie Smith
Below average with high fees relative to competitors
When I first started using NEXO I was drawn to them by their high interest payouts but I found that I had to have NEXO in my wallet and the rewards are tiered based on the amount of NEXO you own. When I attempted to purchase this token of theirs I was unable to as I live in a country they don't support yet. This information should be prominently displayed as a warning before people deposit funds which can't be freely withdrawn except for once per month. I don't appreciate having my assets held ransom. I shouldn't have to pay to withdraw my assets.
Pros
- They pay out interest daily
Cons
- Limit of one free withdrawal per month unless you hold NEXO tokens which aren't easy to obtain for some customers
