If you read our article on how to use the billionaire mindset with crypto assets you would know that you can earn high interests on your cryptos and generate wealth with alternative solutions such as Nexo. Here are some updates on this platform that will help you make a choice.
0% Borrowing Rates
Since December 2021, the latest Nexonomics release is here and it’s called 0% Borrowing Rates. What’s great about this release is that it’s not a promo, it’s а permanent fixture on the Nexo platform.
0% Borrowing Rates gives Gold and Platinum clients rates as low as 0% when borrowing with an LTV of 20% or below.
For assets like the NEXO Token, where the permitted LTV is already below the 20% threshold, clients will automatically get our 0% or 1.9% borrowing rates for the Platinum and Gold Loyalty tiers when opening a new credit line.
Safeguarding Your Assets
The crypto market is volatile at the moment. Nexo is here to help you protect and leverage your crypto no matter the ups and downs. They assure that all Nexo services, IT infrastructure and servers are functioning without any delays or downtimes. However, they cannot guarantee how the market will perform so be aware of a few things to avoid liquidation of your assets:
- Monitor your crypto and the state of your credit line closely.
- Make sure you have adequate notifications for price fluctuations and potential margin calls.
- Maintain a healthy loan-to-value ratio by adding extra assets to your Credit Line Wallet or by repaying part of your withdrawn credit.
You can also enable Automatic Collateral Transfer, which moves assets from your Savings Wallet to your Credit Line Wallet when needed to protect your crypto from liquidation.
Interest-Earning Assets Are 100% Secure
Funds earning interest on the platform are safe as Nexo’s sustainable business model ensures high liquidity to meet all your needs and financial obligations. A third-party real-time audit of Nexo’s assets is available via leading US accounting firm Armanino LLP, showing our assets always exceed liabilities. All clients can access the audit at any time and be assured that their funds are safe.
They also do not provide uncollateralized loans even to trustworthy institutions, a decision that guarantees our robustness even in turbulent times. Nexo’s 200-500% overcollateralized credit lines and the strict liquidations policy safeguard the funds of their interest-earning clients and their business, even during unfavorable market conditions.
Nexo is the world’s most trusted licensed and regulated digital assets institution in the digital finance industry since 2018. Available across 200+ jurisdictions with 2M+ customers, the Nexo account is the perfect crypto service for any user.
Nexo product offering:
Borrow — Add crypto to your account and instantly borrow cash without selling your assets using Nexo’s flexible credit lines. Available in 40+ fiat currencies across over 200 jurisdictions.
Earn — Get up to 12% interest on your idle crypto and fiat with Nexo’s Earn on Crypto & Fiat suite.
Spend — Try the first-ever crypto card that lets you spend without selling your crypto and get instant cashback of up to 2%.
Exchange — Buy, sell, and convert all supported crypto & fiat assets
Token — The NEXO Token brings you premium yields for Nexo’s Earn suite, discounts on credit line interest and much more.
Security — Nexo accounts are fully insured and secured to the highest industry standards.
The platform can be accessed on iOS & Android devices and also via web app to make access easy for everyone.
Referral Link – Click Here
Minimum Deposit – $100 or more (T&C)
You will receive $10 (Bitcoin / BTC)