Pros
- Big ideas
Cons
- None
Pros
- high interest rate for EUR savings
Cons
- no imprint
Pros
- with 10 years of experience from the managing company, Credissimo. Nexo has a great advantage in terms of experience in finance and lending.
Cons
- The loan rate is not attractive enough for investors to give up traditional loans
Pros
- In addition to loans, the other benefit of depositing cryptocurrencies in your Nexo account is the ability to receive interest and dividends.
- the initial ownership of the digital assets is protected and ensured by transparent smart loan contracts, which cannot be changed in any way once recorded in the general ledger of the blockchain.
Cons
- a first negative point of Nexo instant loans: they require a significant guarantee compared to the authorized loan, at least of the order of double.
Pros
- Verification process and simple registration.
- Platform available in multiple languages.
- Insurance for the assets in custody of the platform.
- Possibility of receiving dividends when having savings on this platform.
- Token with real support, assets and guarantees.
- Puede solicitar tarjeta de credito.
Cons
- It is listed in a few exchanges.
- Volume of high tokens.
- Minimum amount of loan 500 dollars.
Pros
- - The team behind Nexo is very huge. They have very much experience in various businesses, especially Fintech. In this field, they have serve millions of people across Europe for ten years. The competence of the team is verified by organizations such as Deloitte, and many European Banking and Financial Services Regulators
- - Nexo project is guided with multidisciplinary expertise from famous advisers such as the leaders of Techcrunch (a Amerian online publisher) or Polymath (a network for security tokens)
- - The platform issued its own token called NEXO token, which is the first loan-backed cryptocurrency to be accepted by SEC from the US. NEXO token holders will receive a portion from the company profits as a passive income. Also, the holders will enjoy some other features such as discounted rates for them on the Instant Crypto-backed Loan or the acceptance of NEXO tokens as a collateral on its own plaform. By the time, the list of features will go on and on
- - Users can use the service anytime and anywhere; additionally, the service will operate instantly and provide the premium experience that users have never had with other loan plaform
- - Nexo has established with to many famous companies to push the performance of the platform. For example, BitGo ensures the security of the platform and protect all the assets while Onfido enhance the quality of the KYC/AML proceses on the platform. All are trusted widely by the big organizations in blockchain industry
- - It asks for no fees when you want to request for their services so it can help to save a lot compared to the traditional services
- - It is available on both PC and iOS platform so the users can easy monitor the performance of their services. This gives the convenience when users are on the go
- - It has been promoted on many big cryptocurrencies news websites such as Bloomberg, Yahoo! Finance, Cointelegraph, Coindesk and Reuters
Cons
- - Users must pass the verification before being able to use the full service on this platform. This is a must to prevent any threats and frauds but it is not so right for a decentralized world like blockchain industry
- - If we do calculation, the profitability may be not ideal for the holders with small assets. Only big "whales" with strong loans will get much money from this
- - Users must consider the opportunity cost of holding your assets on Nexo platform and that of trading or investing the same assets
Pros
- Good idea
- Nexo token utility
- Big companies and names behind it
- loans system
Cons
- Recent incident with one of nexo telegram admin.
Pros
- The Platform Runs Easily and Securely. Wonderful Looking Website. Super Easy Research for Investors. Token Is Totally US SEC Sequent and Because of This, It Is Able to Reward Token Holders with Dividends of the Companies Net Profit, Completely above Board.The Advisory Board Stands out as Being Extremely Experienced and Perfectly Suited for Their Roles. The Team Behind It Looks Great Too with Members Equally Experienced Around Corporate Finance, Compliance, Securities, Lending, Development, All the Necessary Avenues.
- It gives instant loans against cryptocurrencies that too without testing your credit score and the loan amount will be in the fiat money. You can transfer the money to your bank account. The bank transfer might take 1 or 2 business days maximum.
Cons
- They Does Have Some Competition but the Industry They Are Working in Is Large Enough for Multiple Platforms to Exist and Service Different Target Audiences.
Pros
- Nexo has created a system of crypto credit, loans that is truly genius and sets the bar high for crypto lending. They offer many products that you would find at a big bank like a high yield savings account, line of credit and loans with flexibile payment options.
Cons
- Waiting for an Android app to be released! The functionality of the website on a Samsung galaxy could be better.
Pros
- Nexo is one of my favorite tokens. I participated in Ico as an initial investor and immediately appreciated the project of being able to obtain a loan, leaving on the Nexo platform the collateral in Bitcoin or Ethereum or in Nexo tokens. The Platform at the beginning is not easy and intuitive and in any case to de-limit the Crypts on the Nexo Platform and obtain the Benefits of the current loan and dividends, complete registration must be carried out by filling in the KYC Form in the personal account. The system is very simple and allows obtaining the loan by depositing as a guarantee Nexo token (at the rate of 8%) or Bitcoin, Ethereum, Binance Token and other crypts in the activation phase (at the rate of 16%). sure ... you'll tell me .. the rates are high, but I do not think so, given the enormous potential that the Cripto market has. Once the Le Cripto loans are made, they are blocked on your personal account and the countervalue is issued in Euro, USD, or USDT ... in short, the changeover is fast. I made a loan in euros and arrived in 5 hours! The platform on average lends 25% of the Collateral ... example if I have $ 1000 in Bitcoin the platform lends me $ 250.
Cons
- Nexo is an excellent service that allows me not to sell my crypts and in the same tepo I can seize opportunities. you can even decide to stop the loan early by repaying the money on the platform. Of course, the system can improve a lot ... for example, direct communication on the site is too cold and only takes place via email ... there should be a real-time chat service for subscribers ... for example having a monthly report of the amortization plan would be very useful with the calculation of the interest.
Pros
- I like Nexo because it is a SEC compliant security token. By this, I mean the company has not tried to circumvent securities laws. Nexo is a pioneer in lending with crypto as collaterals. It is currently able to provide loans in more than 40 countries. To cap it all, Nexo has started paying dividends to holders of Nexo token. It is amazing that a company that started 6-8 months ago is already paying dividends right in the middle of a crypto bear market.
Cons
- I would like Nexo team to communicate delays in the project much faster. I know that delays are common in crypto projects but at the same time, the team should not wait till the last minute before making an announcement that there will be delays. This delayed communication is a weakness with the Nexo team.
Pros
- Great project, get a load using your bitcoins as collateral is a great idea. They are investing for real in marketing, they are present on the most important platforms for crypto community. they are now present on Etherscan, CoinMarketcap and the lastest is CoinGecko.
Cons
- it needs more awareness. Loans are available only for Europe and the United States of America.
