Nexo is the world’s largest and most trusted licensed and regulated crypto
financial institution, with more than $4 billion in assets under management and
$5 billion processed for 1.1M+ customers, the Nexo account is the perfect crypto
banking service for any client. → Borrow — Add cryp...
I have had this app for about a little over a month still not understanding how it works 100% I have less than $20 to be realistic for anyone starting off very very small of trying to become financially free but it says you earn compounding interest on your assets sitting there that’s great...on the dashboard of the app there are 3 sections 1)Available credit 2)Credit line and 3) total earned however my total earned has been at 0.00 since I made my very small deposit on the 24th of October I do not see any interest being earned or when the interest are being paid out I also know that Nexo assets is not available to the US.....it will be very helpful to know if there is a requirement of how much should be deposited in order to starting earning if their is a requirement also it would be very helpful that they provide how much interest is being paid out to each assets so the people can actually see how much they are earning each day...over all I love the concept of a new banking system that actually allows people to become financially free and earn on the assets that you are not using..I will provide next update in 2021
Not as Advertised
I deposited the required amount in Stablecoin into the wallet for an “automated loan” I started seeing the compounded interest which is good. When I tried to request a loan, it was rejected because I did not have more than 50% of a different currency. Nowhere does their website indicate this. I have spent the last few days combing through their website and am unable to verify what their support staff indicated in their email. Their support staff emailed me stating that a wallet must have more than 50% in another asset in order to comply with Anti Money Laundering Laws. My poor little wallet is valued under $1000 and was flagged for Anti Money Laundering compliance. They have not been able to cite these laws for me and was more than happy to inform me that they are not required to state them in their terms of services. Very sketchy and false advertising. I will continue to play along and continue to paper trail my efforts because I want to believe in this platform. So far they have not delivered on their promises. In addition! The platform is clearly NOT automated as claimed.
This is a game changer
Nexo has successfully created a profitable business model making it possible for everyone who participates to profit from it. They have acted in integrity in every interaction I’ve had with their support over the last year. They have helped me grow my assets in clear, responsible ways by using the tools they offer. How well their system will work for you is up to you. The great thing when considering the platform as an investment is that even for those who would default on a loan, they are so over-collateralized that the investment is still protected. They also have custodial insurance up to $100M, so your assets are covered. I cannot recommend them highly enough. I believe Nexo is ‘on to’ the future of banking and the sooner one gets on board, the sooner one will have access to the same tools only the wealthy have had access to so far. As the wealthy generally do not spend money, they use borrowed money against their growing assets, Nexo allows everyone to do the same thing. As we are all watching the growth of the crypto space, Nexo has proven to be a safe place to manage and hold digital assets. Two thumbs up!
Withdrawals not going through, bad support
I withdrew a crypto loan through the app. “Same day/ next day” option. Nexo support rep says to use my wire transfer routing number. Two days later, money has not been wired to my account. Loan balance shows on Nexo and is charging me interest. Nexo support says the delay is not on their end. Called Bank of America, said they have no pending incoming wires. Nexo support says they issued the wire. Wire transfers are near instant. Nexo testimonial says customer got their loan money within minutes. I asked for a confirmation number and they said their deposit team is not online right now so they don’t have it but they are positive the wire has been issued somehow despite not being able to talk to them. They said after three days they can issue a ticket to the deposit team. Terrible experience, will be closing this loan out and already withdrew my excess crypto.
Best crypto app for storing and interest!
I’ve been using this app for 4 months so far. I have 5k+ in this app. I’m able to withdraw at anytime! Never once had an issue depositing or withdrawing. Some people here say it’s a scam. No it is not. Nexo is SEC compliant. There security is top notch. There support is top notch. People here saying it’s a scam are either not doing there research or mad because they loaned out too much money they can’t pay for out of pocket. Do your research. Anything in crypto is a risk. Nexo is definitely the only crypto lender I trust and will continue to do business with.
My favorite wallet
I really like the Nexo app. I have 3 different crypto apps and this one has the most features and is better layed out than the others. There are more options for types of cryptos and they pay interest daily. I hope they continue to stay ahead of the competition! Only thing is I wish they had a better system for converting base cryptos into Nexo tokens. You gotta use a third part app for conversion :( Also, US users do not have the option to choose getting bonus interest for getting payed in Nexo
Awesome life-changing product
This service is truly able to get anyone to financial freedom. You can let your bitcoin and other assets sit while you can use part of what they’re worth for your day to day expenses. This service is so amazing and I’m glad that those at Nexo have made it so easy to use, and quick to get cash. I am also so impressed that the assets are insured! This was the deciding factor for me. I will definitely continue to be a Nexo customer. I know they will continue to offer great financial services in the future!
The best there is PERIOD
8% interest Gains on Stable-Coins and 5.9% Loan interest i can go on but just that right there is incredible my 100,000$ gains 8,000$ a year amd my 20,000$ in Nexo tokens gets 30% dividends twice last year 20k in profits anyone that has a problem with nexo is slow sorry to say the guy that left 1 star he literally had less than 1000$ in his wallet minimum withdraw is 500$ with 50% cash to CryptoCurrency for collateral so yea easy stuff just read and ask questions they have no problem answering them in a fast timely fashion Go Nexo!
Great App. Beats the Bank!
Love this app, 8% daily paid interest is incredible. No bank can do that! Easy to use system, def invested in NEXO coins too, the card is going to be a huge game changer! I don’t think the people who rated this app poorly have done research or fully understand Nexo. You can literally take a loan out and earn interest on it if you leave it as stable coin. People are sleeping on this awesome opportunity as I’m sure things won’t be this awesome forever 😂
Nexo Wallet Review
Wish Nexo wallet had conversions between coins. Does not have dark mode. I’ve been holding Nexo coins for months and haven’t received 30% interest. I noticed you can’t link your bank account so how is the loan transferred? I give it 4 stars perhaps when they fix this issue and add conversions i will give it a 5 Star.
Hope it come to South America(Brazil)
Hope it envelopes the wholes world,more Financial secury,8% returns and cashback,you also have the Loans,is just the away the Financial market needs to go,Step Up to the Future. 100 Million secured into your account,secured loses if something happens you are save,I don’t see any account other with that amount of security in funds from any other financial institution, A lot of commitment to the Clients. only the Germans huh.
Top Crypto-Loan App
Compared to other crypto-loan companies, this app is far superior. Easy to use and interest earning works effortlessly. The recent updates provided a “savings and checking” style system within the wallets, making use of collateral much easier to understand. The 10% holding in Nexo is a little unclear but I think they will figure out how to make that easier to calculate as values fluctuate. I’m bullish on Nexo.
I can honestly say that i have been using the nexo app for close to 2 years now. I can not recall a single instance that caused me any concern with any transactions using this app. My hope for Nexo is that it will continue to grow and prosper, as i enjoy having access and control of my money everyday 24 hours. and nexo has delivered that. I am hoping Nexo will partner with Flare Network to further grow customer base and revenue!
So far so good
I’ve deposited $300 USDC into my Nexo account to accrue the 8% interest. Everyday I’ve been getting my daily interest payment so I’m looking forward to deposit more money. However I can’t help but think I would feel a lot safer if some sort of American compliance agent could state their approval of Nexo. Haven’t withdrawn any money yet, will update my review if I run into any problems.
Great app, even better services!
If you’d like to use your crypto to get a fiat loan or use it to collect interest this is the place to do it. You can also purchase the Nexo tokens as the company pays out 30% of it’s profits in dividends! They have your money insured and are legal with the SEC so it’s all on the up and up! The app is well built, fast and seamless. Try Nexo out it won’t disappoint!
Yes. Nexo - Crypto Banking Account is very safe to use. This is based on our NLP (Natural language processing) analysis of over 285 User Reviews sourced from the Appstore and the appstore cumulative rating of 3.9/5 . Justuseapp Safety Score for Nexo - Crypto Banking Account Is 77.2/100.
Yes. Nexo - Crypto Banking Account is a totally legit app. This conclusion was arrived at by running over 285 Nexo - Crypto Banking Account User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, Justuseapp Legitimacy Score for Nexo - Crypto Banking Account Is 77.2/100.
Nexo - Crypto Banking Account works most of the time. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support.
Leave a comment: