Review on Nexo Wallet by Fanuel PORPORTY
NEXO - A complete cryptography service
Holders of Nexo tokens for this particular wallet, which is the official Nexo wallet, are entitled to 30% of the profits in the form of dividends. They can thus benefit from passive income while owning the assets. Even Nexo holders can unlock the value of their assets without selling them and can even get a loan secured by instant cryptocurrency using it as collateral. Nexo can even help customers optimize their taxes because no sales take place when obtaining a loan against digital assets, so it is considered one of the best Nexo online wallets.
Pros
- Quick and easy access to loans by depositing crypto assets.
- The team behind has 10 years in granting loans to individuals in Europe.
- By having the NEXO token, you can benefit from an advantageous rate on the loan.
- As explained in the project white paper, the first step before receiving a loan is to transfer your crypto assets to a specific Nexo wallet. Once the funds are transferred to it, the "Nexo Oracle" automatically calculates the amount of loan that the user can obtain based on the value of his crypto-assets.
Cons
- It is necessary that the cryptocurrencies which one wishes to place as a deposit are supported. Currently, only about twenty crypto-assets are accepted.
- The only fiat currencies currently available are the dollar, the yen and the euro.
