![]() You will need to complete the KYC process to be allowed to purchase NEXO. Once you have a wallet, visit a reputable exchange and sign up for an account. Your crypto wallet stores the private keys to your tokens on the blockchain. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Get yourself a crypto wallet before embarking on your NEXO journey. You can get a long position in NEXO in four ways: As an investor, you must understand these perils before you start trading. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. The dangers of trading cryptocurrencies are mainly related to their volatility. Considering the recent collaboration with Mastercard, the NEXO price is expected to go up in the coming weeks.How to invest in NEXOYou need to understand the risk of getting into digital currencies such as NEXO before investing. They expect the coin price to increase by 30% during 2022. NEXO token price prediction is optimistic and most of the market experts consider it a good long-term investment. At the end of January, the asset went down to $1.7.ĭuring the last week, the price of NEXO was slightly declining and the asset has lost 1% of its value. Even though it didn’t affect the coin price much at the moment, it adds up to the asset's liquidity. On January 5 the company announced a partnership with the Crypto Association in the UK. At the beginning of the year, the asset was traded at around $2.3-$2.4. NEXO started 2022 with developments and collaborations that preserved its price during the big bearish run. It was rising for the next 3 weeks and reached $3.4 on November 15.ĭespite the fact that from the middle of November the NEXO coin was in a downtrend falling from $3.4 to $2.4 by the end of the year it still increased by around 300% during 2021. It reached the highest point of $2 on August 7 and then stayed around $1.8-$1.9 till the beginning of September when it dropped to $1.5 and continued to fall.Īs the crypto market was going bullish in October, the NEXO coin also recovered some value in the first 2 weeks and then skyrocketed to $2.7 on October 23. At the end of July, the price of Nexo crypto started to recover. It stayed low as the bearish trends approached the market and till the middle of June the asset was not going higher than $1.6.Īs the bearish tendencies straightened, the NEXO coin was pulled off even further and for the next month sustained around the level of $1.4-$1.6. But the price dropped dramatically after just 2 weeks and the token dipped to $1.4 on May 23. The bull rally at the end of spring 2021 helped NEXO to reach its all-time high of $4.07 in early May. Recently the project, together with Mastercard, has launched the first-ever crypto-backed payment card. Additionally, as NEXO is an ERC-20 asset, all the transactions are secured by the Ethereum mainnet. To guarantee the security of the assets, Nexo stores the assets with BitGo, so the tokens are kept in cold storage wallets and covered with $100 million insurance. 30% of the company’s profits are distributed as dividends to the token holders. The project is marketed to any user or organization that wants liquidity from their assets.Īdditionally, those who keep NEXO in their accounts can benefit from preferential interest rates on loans and higher yields on savings. Nexo offers zero transaction fees, top-tier insurance, daily payouts, and flexible earnings that depend on the cryptocurrency. Nexo allows its users to earn interest up to 17% ARP by keeping the assets on the platform. The platform uses smart contracts to record the balances and record Nexo. ![]() It has a native token called NEXO that can be locked on the platform and thus provide discounts on interest accumulated on loans and also the chance to receive interest payments on funds deposited. With Nexo, users can deposit one of the numerous accepted tokens as a collateral and receive a loan in fiat or stablecoins. Pioneering in a new digital financial system, Nexo sees the future of the financial world with all the assets being on-chain tokenized while the people can transfer and manage their funds efficiently and securely. The vision of Nexo crypto is the creation of innovative, convenient, sustainable solutions. By now Nexo manages the assets for over 4 million users across 200 jurisdictions. It was founded in 2018 with the goal to bring professional financial services to the world of digital assets. It is also the largest lending institution in the world in the Digital financial industry. Nexo is an all-in-one blockchain platform that allows the secure storage of digital assets.
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