Nexo Overview
- What is Nexo?
Nexo is a crypto app where users can instantly buy over 80+ crypto assets using card or bank transfer. It also allows users to earn interest on their digital assets and provides options for crypto-backed loans. It features a crypto credit card, an instant exchange with zero fees, and a loyalty program.
- Main Features
- Earn interest with different rates based on the asset typeProvides loans backed by crypto holdingsCrypto-backed card that enables spending without selling the underlying cryptoHigh-security standardsNexo Loyalty Program
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Frequently asked questions
The Nexo Token is a native cryptocurrency of the Nexo platform. Holders can benefit from higher interest rates on savings and lower rates on loans, depending on their loyalty tier, which is determined by the quantity of NEXO tokens they hold.
Nexo provides instant crypto credit lines where users can borrow against their crypto assets without selling them. The loan-to-value ratio depends on the collateral asset and can influence the terms and interest rates of the loan.
Nexo emphasizes security with military-grade encryption, cold storage of assets with custodial insurance, and compliance with global regulations to protect users' funds.
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