Hello everyone, today we will talk about how to earn passive income by banking with nexo. Did you know that nexo and other related companies exist as online banks?
Do you know that you can actually save money in the form of stable coins or cryptocurrency? Nexo allows you to save your assets and earn passive compound interest.
What is Nexo? Nexo is is a bitcoin stable coin bank that gives you compound interest on your savings. It is an online bank that allows you to earn up to 5 percent interest on your savings. Nexo works just like any other bank.
furthermore, NEXO is special because it allows you to save cryptocurrency, stable coins and real cash in the form of dollars, Euro or Pounds with total control.
Also, you do not need a middle man or long bank procedures to access your funds which is good for traders. Nexo helps you move your cash around while you still trade and earn interest.
Finally, Nexo offers credit lines on any cryptocurrency you hold in your wallet by giving you access to crypto backed loans and thus enabling you to get access to funds that you can invest in any project you like. see below
Even though There are other online banks that offer similar services as Nexo, Nexo is unique and stands out with zero transfer fees for all your savings. 5 percent compound interest on your savings, and more percent rate interest with Nexo tokens
Nexo has teamed up with binance to provide trad-able nexo tokens on the Binance Dex chain network. where you can now trade using MATH WALLET APP. Make sure to HODL some nexo AS it is ALREADY listed ON BINANCE DEX.
Find out more about other online banks like nexo
HOW CAN NEXO HELP YOU SAVE MONEY AS A TRADER AND MINIMISE LOSS?
Nexo can help you reduce loss as a trader in the following ways.
- With NEXO you can get between $500, maximum — $2,000,000 of loan as a trader and trade when prices drop while keeping your original assets.
- Automated and guaranteed instant approval with no credit checks
- Interest from 5.9% per year (APR) and only on what you use
- No installments, no minimum loan repayments. you can repay your loan however you like
To find out more about how nexo bank account works and how to set up an account with nexo follow the link below.
HOW DO YOU SAVE MONEY USING NEXO?
NEXO enables me to withdraw my daily profits from Binance which is not 100 percent secure and save them in a more secure wallet that I alone can access. NOTE HOWEVER THAT NO WALLET IS TRULY SECURE IF YOU DO NOT OWN IT.
I have full control of my funds and i do not have to worry about the market fluctuations. I can store up my daily earnings and utilise them for trade the next day with instant and fast withdrawals.
You no longer have to pay transfer fees each time you buy a cryptocurrency with a credit card on websites like coinbase, depending on which channel you use?
I no longer have to pay the bank charges for buying crypto as i have full control of my funds and can withdraw them for trade whenever i want.
Find out more about nexo and and latest developments here
in conclusion, XLM was recently added to the list of supported cryptocurrencies. find out more about XLM and nexo in the link below
Thanks for your reading………