Nexo

If you’re sitting on a bunch of crypto and don’t know how to make it profitable, then hello! Nexo is just what you need. This is a finance app that deals with all things crypto. But unlike other apps, it allows you to borrow money using your crypto. Yes, it may sound a little bit untrustworthy, but things like Bitcoin, Ethereum, or any other crypto that Nexo supports, you can pledge to borrow money! And the best part: you don’t have to sell all that crypto. Just leave it there, like “money makes money”, which not everyone knows how to do.

Introduce about Nexo

Nexo is a digital financial platform that provides cryptocurrency-related services. Like Binance or BingX, Nexo stands out with its ability to allow users to earn interest on their cryptocurrency assets and borrow money without selling digital assets. Let’s learn about this application with APKMODY.COM in the article below!

Borrow money with cryptocurrency

Have you ever looked at your Bitcoin and other cryptocurrencies and sighed because you had no idea what to do with them? Unless you’re a pro trader, it’s a waste to just let them sit there. Well, Nexo lets you pawn them off for a loan! That means you put your crypto assets in, like a bet, and Nexo puts real money in your pocket without having to sell your coins. Who doesn’t like having to keep your assets and have money to spend? You can borrow dollars, euros, or stablecoins like USDT, USDC.

The good thing about this game is that you don’t have to worry about sky-high interest rates like traditional banks. Nexo has a low interest rate policy that you can pay in installments. Depending on the virtual assets you pledge, you can borrow the corresponding amount. Very easy, right?

Earn interest from cryptocurrencies

Cryptocurrencies, in addition to the dizzying price fluctuations, can now also help you earn interest. Nexo has a great feature called “Earn”. You just put your coins in here and wait to collect interest. The interest rates offered by Nexo are higher than traditional banks. About 8% – 12% a year for stablecoins, and cryptocurrencies like Bitcoin and Ethereum are not bad, around 4% – 8% a year. It’s very convenient to buy and sell, you can absolutely consider investing cryptocurrencies here.

You just need to put your assets into Nexo and it will automatically calculate daily interest and pay it to your account. No need to do anything, just sit and count your money. And you don’t have to worry about liquidity. You can withdraw when you need to, no need to wait for the maturity date or anything. So if you have a bunch of coins and don’t know what to do, let it earn interest for you instead of leaving “dead money” in your wallet.

Nexo debit card

Many people ask, “What can I do with my cryptocurrency?” It’s a silly question when you can’t just go to a store and pay with Bitcoin. But wait! With Nexo, you can get a Nexo debit card. This is a super convenient card that allows you to pay anywhere without having to convert your cryptocurrency into cash first.

Here’s how it works, you have crypto in Nexo and you want to spend it. Just swipe the card anywhere that accepts Visa or Mastercard, and voila! You’re swiping real money, but you’re actually spending crypto. And what’s even better is that Nexo even gives you cashback for every transaction you make. The cashback rate can be up to 2% in Bitcoin or 0.5% in Nexo Token (NEXO).

Convert cryptocurrency

If you’re thinking, “Okay, what if I want to convert my crypto into dollars or euros?” Well, Nexo has it all! With the Exchange feature, you can easily exchange between dozens of cryptocurrencies and fiat currencies in just a few steps. Nexo supports dozens of popular cryptocurrencies such as Bitcoin, Ethereum, Crypto… What’s more, not only can you exchange between coins, you can also exchange into fiat currencies like dollars and euros if you like.

Privacy policy

Cryptocurrencies are all the rage, but they’re also a hotbed for hackers, so you need to know how to protect your money. Luckily, Nexo has some pretty great security features, so you don’t have to worry about hacking. Nexo uses what it calls multi-layer security, including two-factor authentication (2FA), to make sure that only you have access to your account.

In addition, Nexo also has insurance of up to $375 million to protect your assets against hacks, fraud, or unexpected losses. That means even if the worst happens, you can rest assured that your assets are protected. You’re probably thinking: “Oh, I don’t have much money to worry about!” Don’t be subjective, security is something that everyone has to care about, no matter how much you hold.

Download Nexo APK for Android

Well, if you are already involved in the cryptocurrency market, let Nexo be your assistant, helping you keep your assets and earn more money. Otherwise, just let your money sit there and cry because you don’t know what to do with it, it’s up to you!