Nexo keeps on building and improving its platform while navigating this long bear market. It’s amazing.
Totally agreed, they keep smashing it and coming out with great new ideas and everything works flawlessly👌
@@SmartMoneywithKai True, but Celsius were also innovating and bringing out new products until the day they went bust. I am also a Nexo customer (with minimal funds on their platform), but I wouldn't count on them surviving another severe market crash.
This video is amazing! You helped me so much, I actually started to panic because I couldn't do anything with my money and than I realised I put it in Savings Mode :) You saved me, thanks!!
Awww, thanks a million, super glad to hear it was useful to you 🙏 Cheers
I really like the idea of a card that is able to switch from debit to credit mode. Like you said, more companies/cards should do this. And I agree with you that the added interest is really nice. Speaking about interest, I really see a trend here in the Netherlands of people investing money in banks from other EU countries and getting a much better return. This because it is all still insured up to 100K. Raisin is a company that does this. What do you think about this? Maybe an interesting video?
Hi Ward, thanks so much for your thoughts and yes, I fully agree with you. In fact my mum called me last week quoting this page saying that she found a great bank in Lithuania with high interest (which my friend here is the CEO of:)). She is based in Germany and was not sure about investing here so I gave her my thoughts so absolutely, it's a great point and definitely worth making a video about😉 Cheers mate
And not to mention the excellent assistance service they have, very quick to respond and resolve the problem.
I love using the nexo card!
Great to hear and yes, they have been doing extremely well through all these challenging times👌
No more as of 8th October in the UK no cashback
Oh wow, sad to hear, I guess it has to do with them closing their UK devision following regulatory scrutiny like in the US:( Cheers
Perfect!
Can we take the Nexo booster loan out of Nexo exchange?
Cheers Adam. Not sure, never used it, but doubt it, ultimately you need to maintain enough LTV for a loan so if you use margin, I doubt it would work, would be too risky for them.
Is there any kind of extra cost included when you use the Nexo card?
Hi there 👋 Normally none, of course depends on your loyalty level, the highest has 0% FX fee, on the lower plans the limit is lower, otherwise no monthly fees👌
Yes its great card best on market
Great to hear you are enjoying it and indeed, very innovate and great offering👌
Iam 100% Nexo .
Fabulous company.
Brilliant returns of intrest .
I totally understand you not wanting to take any risks 👍👍👍👍
I have been a big risk taker since I started Investing from the age of 18 .
43 now and still love taking risk .
I have re invested 90% of my profits on other things .
So playing with the other 10% is fun .
Not for everyone thou .
Things have changed and people are playing it safe , which I totally understand.
After 23 years as an investor, I have to have some excitement 😂😂😂😂
Hey Lawrence! First off, props to you for being so engaged in your financial journey for the past 25 years.
100% Nexo? You're not just dipping your toes in, you're doing cannonballs into the deep end, and that's pretty darn cool. 🏊♂️ You've clearly got your strategy down, reinvesting 90% of your profits and having a blast with the remaining 10%. It's like having your financial cake and eating it too! 🍰
Your risk-taking spirit is commendable. You're absolutely right; it's not for everyone. But it's awesome to see how you keep the excitement alive even after two-plus decades in the game. 😄
Thanks for sharing your experience with us, Lawrence. You're killing it, and it's contagious! 💥 Keep on rolling the dice, my friend. 🎲
@@SmartMoneywithKai Thank you .
It a way of life and been my life and still is ...
Iam a bit older than you and seen a lot .
It's just a bit of fun .
Your time will come 🥳🥳🥳
Keep the good work up 👍🥰
I use nexo and i like it. If the company cabn offer a specific insurance up to an amount of money, like the banks do, it will be amazing and they will grow like giants from time to time!
Hi Johnny, great to hear and fully agreed, if they would have a clear insurance policy up to a certain amount, at least of FIAT deposits such as EUR, USD, I think many more people would keep their money with them. Hopefully one day🤞 Cheers
and how do you then pay the loan? at the end of the month all at once? in Euro or Crypto? or is possible to pay it little by little? Thansk
Hi there👋 Depends which loyalty tier you are on. If platinum you won't pay any interest if you have enough crypto collateral so you can choose when you repay and how you repay. I prefer using EUR for that to keep my BTC but it's up to you. Cheers
And curve? What is better?
Quite different cards, one is a card for all, the other a crypto card that can be switched from debit to credit. You could use your Curve card with the Nexo card to benefit from both.
can I swap Nexo tokens for USDC or Tether or any other token. Seems I can't get rid of these Nexo tokens.
Congratulations, Kai, on another fantastic video! By the way, what are your thoughts on premium bonds? And how do you feel about GetStake Dubai? Once again, great job on the video!
Much appreciated mate, thanks. I don't have experience with premium bonds or getstake Dubai. But will be in Dubai from January for a few weeks so maybe then it'll be a good opportunity to check them out further. Cheers
hm how you get cashback in debit mode ? I get 0 cashback in debitmode also people reports the same on reddit "no cashback" in debit node
Hi mate, that's correct, just as I mentioned in the video, cashback is only if you keep in in Credit mode, not in Debit mode. What you can do, just change it before you make a purchase and after go back to Debit to get the interest. Best of both worlds and it's instantly😉👍
in Portugal, all FIAT cards are Dual cards
@@afonsoloureiroviseu lol todos os Totta sao VISA Electron, a nao ser que peças explicitamente que nao sejam
Why would you not use revolut saving account as it is covered by the investment scheme for up to 20K and it gives more interest than any of these companies? 3.48 for euro. Also, why dont you invest to etfs using revolut as well as the fee can be up to zero if you have premium?
Hi Roger, that's a great point indeed and I would love to use that, though sadly Revolut does not offer that feature in all countries including mine. Also no support for ETFs for us, though I would still not use it due to their new protection of funds of your stocks or shall I say lack thereof. But thanks for sharing and if you have it, then that's a great option👌
@@SmartMoneywithKaithanks Kai for the response, when you say there is no protection of the funds do you mean the information you gave about the changes of revolut to one of your videos?
Hi Roger, that's correct, at least for EU citizens unfortunately.
Dang…not available in usa
Hi mate, yes, sadly, due to US regulators, they had to leave:( 'UK-based crypto lender Nexo said on Monday it will halt offering its products and services in the US market as of April 1, 2023 after costly clashes with regulators.'
Cheers
what about free ATM withdrawals - its based for all plans, or only premium users who hold Nexo? do they have some hidden comisions on crypto convertation, for example USDT or BTC >EUR? its based on price similar to coinbase/binance exchange best price of not?
Hi mate, you can find the information here support.nexo.com/s/article/what-are-the-limits-and-fees-of-the-nexo-card#:~:text=Base%3A%201%20free%20ATM%20withdrawal,Platinum%3A%2010%20free%20ATM%20withdrawals. No hidden fees, very transparent👍 Cheers
@@SmartMoneywithKai one question - can i use all NEXO that bougth for loyalties for earning also, or not?
@@SmartMoneywithKai received first impression, very good. But there is 1,5-1,7% hidden comission in quick assets convertation (btc>eur), but no this comission if use Nexo Pro exchange. And as i understand for Flex interest no need to transfer money from wallet? just leave them and receive every day earn?
what about taxes?
If you spend against your crypto without selling then no taxes on that👌
US user won’t be able to use this card ?
Hi and sadly no as Nexo due to US regulation, like many other exchanges had to leave the US. Hopefully one day again 🤞
Better than a bank ❤
Ciao mate, honestly the way they have been doing during all these challenging times and surviving the longest crypto bear market really speaks for them👏 And yes, the feature I have not seen offered by any banks, so great job by them💯
Yes they are still the safest place to place crypto, apart from Ledger obviously.
But if you keep 1000 euros in your bank and earning 0 euro at the end of the year, I prefer that 1000 euros to keep it in Nexo (knowing the risk of losing money) and have 70 or 90 euros for Xmas holidays 😊
i did not understand how this nexo works , when i deposit they reduce my amount , i dont undertand why they reduce my deposit
Im thinking about joining Nexo when I got £500 spare,I can make interest on it,Some of my mates where telling me about this
Hi and sure, I do the same and very happy with it. I have some USDT and get 13% interest👌
Wish Nexo didn't leave the U.S. 😢
Yea, unfortunate, but glad they are still alive in general unlike so many other Crypto exchanges🙏
🔵 Which card do you prefer? Debit or Credit? Or both in one?😉
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