Nexo - Awesome Way to Receive 8% Interest

in #cryptocurrency5 years ago


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Introduction 

I heard about this service and saw it advertised on many crypto platforms. Many of them might have a special agreement with Nexo.

The best part of this site is that it has a good score on Trustpilot and this provides legitimacy to the program. Trustpilot is a site where you can share your experience and opinions about any websites. Especially in the crypto space, you need to be careful where you send your money.

My goal with Nexo

I am now focusing on one thing from the crypto sphere, passive incomes and how to generate new streams of income. When I saw I can make 8% interest annually with stablecoins on this website, I was intrigued.

It took a while before jumping into it because my time is limited. 

The sexy 8%

They support the most popular currencies used in the world and stablecoins in the crypto sphere. You can see which ones they support at the moment:

They intend to support the most popular cryptos of the market.

My Nexo test run for the 8% interest

I love assets that are working for you without you having to work for them. The only thing that you need to put in place is to send money and create an account.

I created my account without doing the KYC/AML. It is something I will do later as now I am testing the platform with a small of money.

I have the philosophy; You do not need to rush, you always need to stay calm and go slowly. When you are in a hurry, you can make some mistakes.

Sending money to Nexo

A few weeks ago I have taken part in Coinbase Earn, and I received the stablecoin DAI. I recommend you to try it since I received over $50 of free crypto. The only thing that it will cost you is time to learn about cool crypto projects. Anyway, you might try it.

So I sent $1 from my earnings on Coinbase to Nexo for my first transaction. I always do a small transaction before making a big one.

It is better for my conscience to not lose money sending it at the wrong address! Always double-check to have less stress and not die in front of your desk because you went to fast.

The deposit option (TopUp)

Where do you need to go to send the money on Nexo? The option is not very intuitive and took me about 10 minutes to find.

Why not just put a simple term like a deposit? A good interface needs to be user-friendly and easy to use.

As soon as you know where to go. It is easy for the next times.

What I did

For my second transaction, I sent $10 with the DAI stablecoin. It is fast and easy to send money to Nexo, and now I have an asset that starts to generate interest.

Do you know that 8% interest is better than leaving your money in a bank savings account? It is one of the reasons the crypto world will reach the mainstream soon.

Everyone in the world has the potential to tap in those crypto opportunities.

Interest calculator

You can calculate how much interest you are going to receive each day, month, annually. You can access the Interest Calculator if you want to know.

Conclusion

The site offers other services but the aim of this article was to talk about the passive income opportunity. It is simple, you send money and you receive interest.

The best part, you can withdraw it whenever you want without penalty. In the crypto sphere, sending money is fast and convenient without delay!

Chesatochi.com - For the love of crypto



Posted from my blog with SteemPress : https://chesatochi.com/nexo-crypto-awesome-way-to-receive-8-interest/
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