Should You Still Be Using NEXO?
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- čas přidán 1. 08. 2024
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Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions. This video, post & article should not be construed as investment advice. Capital at risk.
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⏰ TIMESTAMPS ⏰
00:00 Should You Be Using Nexo in 2023 Intro
00:32 Resurgence of Crypto Prices
01:13 Nexo vs Bitcoin vs S&P 500
02:10 Nexo Police Probe
03:40 Nexo Real-Time Audit
04:20 Nexo New Features
05:40 Nexo Staking Rewards
08:26 Nexo Wallet Review
10:14 My Thoughts on the Nexo Exchange
#nexo #nexocard #nexowallet #nexoexchange #cryptoexchange #cryptocards
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I hold 50 coins & I just stake them 🎉
Just withdrew funds from Nexo and again had no issues, in fact, I have never had issued with Nexo and always been able to withdraw from there without any significant delay. I have known Nexo for almost 3 years now.
Same here, very happy with Nexo
Hi there and thanks for sharing, great to hear that and I fully agree, experience with them has been flawless👌
Great to hear that Vincenzo, same for me👌
Same here been with em since 2020 non-issue
Tbf that's not the point withdrawals on Celsius were flawless... Until they weren't
I'm still using Nexo and I love it!
Awesome to hear, same here👌
Nexo has been flawless and just keeps getting better,
Fully agreed with you. They did a fabulous job thus far👏👌
Your straight forward and honest opinion and justification is greatly appreciated
That's very kind of you to say, truly appreciated🙏
I have been using Nexo for the last 3 years. The best exchange by far! It's such a well run company, they are very risk adverse as a result they have managed to stay running.
Companies like Celsius were taking too much risk.
Hi Jay and fully agreed with you, they have done a stellar job indeed👍
Celsius was a scam from the start.
I have the same story. Been using Nexo since the beginning. No problem.
Great to hear that💯
I love Nexo
Safer then ever and with zero issues, the only company that actually keeps improving!
Kudos to Nexo, they really did well during this difficult times👌👏
great video
thanks
My pleasure, glad you've enjoyed it👋
Hi, where did you check the real time trust reserves?
Hi 👋, for checking the real-time trust reserves on Nexo, you can typically find this information directly on their platform. Nexo usually provides transparency by updating their reserve status regularly. Cheers
I also think that what happened to FTX gave to most of crypto exchange a "limit consciousness" of what is it possible to have or earn. In Nexo they know that lots of people buy cryptos and send them to Ledger so what they do is focus in higher APR intersess with fixed therm.
I do only have 900 in usdc, 810 of available money to borrow (LTV of usdc is 90%) and that's all, I use the credit card and give back the loan next month.
Fully agreed and smart move my friend 👍
@@SmartMoneywithKai and think about your full Btc you have in Ledger every time that coin goes up 🤗
Thank you for your videos man! You share a lot of knowledge! One of the most useful channels out there!
Hi Johnny, that's so awesome to hear and means a lot, much appreciated🙏
Kai can u do a video about Swissborg as well please?
Hi Vincenzo, I never used them and honestly not planning to add any new Crypto exchanges anytime soon, though reviews about it online are very much mixed, so it would not be a platform I would rush to. Cheers
like you worried but so far so good all well with nexo , keep up good work nexo
Cheers mate and yes, they've been stellar through all these times 💪👏
I don't know, I'm very happy with Nexo
Me too, still using it, but of course, a certain risk is always there. Hope they will continue to shine💪
I love Nexo and wish to stay with them forever.
Great to hear and they have indeed been doing very well through all these turbulent times👌
Yea after what happened to Celsius... nexo is it safe ? Anyone ?
Nobody knows, there is is always a risk. I keep most of it on my Ledger hardware wallet, but now again a bit more with Nexo 👌
Don't let the recent crypto market turbulence scare you away from investing 😉Nexo has proven that their risk management is solid, and they're one of the few platforms handling it well.
Hi Sam, great to hear and agreed, they did a stellar job thus far👌
Forex leveraged transactions. What stock exchanges are there in Germany. Will they open an account for me? thanks 👍
There are a few, TradeRepublic, BitPanda, Scalable Capital or Interactive Brokers, which is my Broker of choice👍
my Matic fixed 1 month interest rate went from 10%, to 5%, to now 2%. this is number 1, and number 2, i found out they changed their auditor for the so called proof of reserve. i think i ll need to move the assets out after they unlock. (they also lowered my earn interest rate even though i arleady locked in a fixed term, they can do anything they want with my fixed term when i cannot leave before fixed term complete)
That's unfortunate to hear and yes, better be safe than sorry and take self-custody for time-being. Though I still think it's better they lower those rates, rather than keep them, loose my money by doing it and go bust eventually with all your funds gone. It's never nice, but better than out of business. Best of course to be in charge yourself of all your funds. Cheers
Would you rather to loose all your money or loose a% off your fixed rate be smart we are in a bear market most companies has to cut cost to stay in business. Microsoft, apple, coinbase, binance all cut cost.
Hey There! thanks for the video! 2 questions if I may...
1) Whats the minimum you get in interest rate with FIAT money by being BASE loyalty? I got a little bit confused
2) I've noticed I cant see how much im being charged if I buy Crypto or deposit fiat through a Visa Card. It doesnt show the Debit Card fee.
Hi there, my pleasure. To answer your questions:
1) Currently 5%, without any lock-up period
2) You can find more about this topic here support.nexo.com/s/article/buying-crypto-with-your-card-essentials#:~:text=Card%20purchase%20fees%20%E2%80%93%20Buy%20with,3.49%25%20for%20non%2DEU%20countries
I strongly recommend against using your card, much better via bank transfer and cheaper👌 Cheers
@@SmartMoneywithKai Thnx!
Hey what are your thoughts about axie making up to 36% I cant see anybody talking about it as it is a crazy amount of yield.
Hi Igoris, I don't invest in alt coins, I guess I am too much of a conservative investor for that😉
Man the risk level is very high with Axie, that is why they give out that king of APR. It is a token that if it dropped 50% in 2 days, nobody would be surprised. So the higher the APR the higher the risk of halving your initial capital when u buy these high-risk coins
@@vinz300000 Feel exactly the same about it👍
Tbh CDC and Nexo both done very well.
Hi Slobos, fully agreed💯
It looks like Nexo has increased High LTV Interest Rate for all Loyalty Levels:
Base: From 13.9% to 15.9%
Silver: From 12.9% to 14.9%
Gold: From 8.9% to 10.9%
Platinum: From 6.9% to 7.9%
The Low LTV Interest Rate also increased in the Gold level from 1.9% to 2.9%
Thanks for sharing👍
@@SmartMoneywithKai Thanks for sharing so much useful content.
@@dennishnzmnn Thanks a lot and my pleasure 💯
Sir Now After Two Months 20 June 2023 Nexo Exchange is safe Or Not??
Hi there, they are still running strong so yes, but then again, there are no guarantees in the Crypto world 😉
Nexo is my favorite crypto platform, and I'm still using it.
Awesome to hear that and same here 👋 Cheers
Hello . I am Turkish citizen. I just signed up in Germany for 1 week. I have a bank account. Can I become a member of .binance and Nexo bitcoin sites??
Hi Ilker, absolutely you can sign up to both of those platforms👌
Ulan nasıl her videonun altında bir Türk olabiliyor aq
Will it go bankrupt like FTX?
Will Bitcoin go to $100K? Will Elon Musk reach Mars?😉 Sadly I am not a fortune teller, but so far they have been doing very well, I still keep some funds with them and thus far very happy, but of course, there are no guarantees in life, especially not in Crypto:) Cheers
@@SmartMoneywithKai Why is nexo's interest rate so high and how do they make a profit? Could it be a Ponzi scheme?
Because they get even higher interest from liquidity pools, etc, they make quite a few videos on that and are very transparent. They make profits also through the use of there NEXO token plus other fees on their platform, just like banks do as well, so that in itself could hardly be called a Ponzi scheme. And don't forget they weathered the storm throughout the longest crypto bear market when most other exchanges broke down, so kudos to them.
thanks@@SmartMoneywithKai
Kai have you heard about swissborg, are they legit?
Hi Mario, I have, but never used them and no intention of doing so too be honest. Cheers
It’s so obvious All the comments are bots. Looks like the Nexo company is spamming to save their company lol 😅
Hi there, not really as I delete all bot comments and I doubt Nexo has not other things to do then employ bots to spread positive messages. They are still going strong by their own merits and actions, so heads off to them. We never know how much longer they last, but thus far they did very well👌
My name is rlly out of place here I do not associate with the company at all this is just my gamer tag based on the city of nexø bornholm/Denmark
Ahhh, I love it, so cool, never knew such a city excited, awesome, they should do their annual company summit there😉 Cheers for sharing👌
pointless video if you cant tell us...
Well we've seen what happened to people who said many other brokers like FTX are safe to use, the answer just is that none of them 100% is. I still use them but don't keep all my money there and that's what I advise to everyone. Cheers
I think NEXO a scam company. I had access for 3 years, now I don’t know how to get my money back….
That might be your thought but is not a fact, as they have been operating well and properly through all these challenging times and I had at no time any issue depositing, converting or withdrawing my funds nor did any of my friends. One of the last few exchanges left that is still in business and seem to be doing well. I still though keep most of my funds on my Ledger to be safe.
@@SmartMoneywithKai last 16 hr no emails nothing from NEXO. I hope 🤞 maybe tomorrow they can call me….
Fingers crossed but I am sure it will be fine, they are liquid and surely not looking to scam you out of your money. Good luck🤞
@@SmartMoneywithKai I am already scared 😱 almost ALL my saving last few years
@@SmartMoneywithKai thank you so much for supporting me!!! I didn’t eat breakfast today normally :).
is it possible that nexo could be a ponzi scheme like cesius or FTx?
Hi, nothing in life is guaranteed, though can't see how this is a ponzi scheme, if so, they disguised it very well over the last few years surviving the longest bear market in crypto history😉 Cheers