Nexo.io provides cryptocurrency owners with a great way to uncover the value of their assets and access instant cash by borrowing their assets instead of selling them.
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Description of Nexo.io
This platform is much better than any bank account. Let your cryptocurrency work for you. The only wallet that allows you to make instant loans in 45 currencies and earn interest on your idle assets every day. How does the Nexo Instant Loans work:
| Safe account | The safety of cryptoassets is provided by the well-known BitGo platform, whose activities are approved by the SEC. |
| Availability | The loan becomes available instantly. No credit check. You open an instant flexible line of credit and enjoy a fully automated process. |
| Fast | Manage money instantly with your card or withdraw funds to a bank account. You can start spending funds from a line of credit at any time. APR (annual interest rate) - from 10% on the used funds. |
No minimum loan repayment fees and no hidden fees. Interest is deducted from your available limit. Make repayment payments at any time.
Benefits of a dapp application
Nexo has a fully working instant borrowing platform with military grade 256 bit encryption safety to ensure a seamless user experience.
The company is a partner to ensure the safety of all crypto assets and its most important advantage is that:
- the company is insured by Lloyd's;
- Goldman Sachs is supported;
- compliant with CCSS Level 3 and SOC 2.
Nexo uses global KYC and AML standards for compliance. On the platform, you can simply deposit your crypto collateral with Bitcoin (BTC), Ether (ETH), XRP, Nexo Tokens and Binance Coin (BNB) - and access a line of credit that allows you to withdraw amounts from 500 to 2 000 000 US dollars fully and automatically.
Additional information about Nexo
There is no White Paper on the platform, but the company wants to add it to the platform in the next update. If you have any questions, you can discuss them with the community on social networks and game chats.
Namely:
Also, there you can find out about the upcoming updates, promotions and participate in contests.