Nexo token price9/5/2023 ![]() This is possible because it extends Nexo’s Instant Crypto Credit Lines. The Nexo card, which is accepted by over 90 million merchants across the globe, allows you to spend without selling your crypto. NETH can be used at collateral with LTV of 30%, while you continue to earn interest. There are also no gas fees as the validation is done on user's behalf.Īnother great feature of Smart Staking, is the ability to borrow cash (or stabelcoins) against NETH and earn interest on your collateral. There are no balance limits so you can stake as much, or as little as $10, as you want and earn the same APY. With the launch of "Smart Staking," Nexo users can help validate and secure the Ethereum network by swapping ETH for Nexo Staked ETH (NETH) and receive staking rewards of between 4% and 12% APY. This is due to a cease and desist order issued to them by various states in the U.S. Note: Nexo has paused the Earn Interest product for U.S. Deposit crypto assets into your Nexo account.Moreover, you don’t incur any fees for deposits and withdrawals. You can withdraw at any time without losing any interest accrued. Your crypto works for you while holding it until the price goes up.įurthermore, Nexo offers you flexibility in terms of earnings and withdrawals. Other crypto assets can even give you much higher rates.Įarning interest on your crypto assets with Nexo can be a passive income. Being in the platinum tier–more than 10% of your portfolio is in NEXO–increases your rate to around 7% and 8% for Bitcoin and Ether. The base interest rates for Bitcoin and Ether currently stand at 4% and 5% APR respectively. The Interest you earn varies with your assets and the amount of NEXO Tokens you hold in your wallet. This interest is compounded and paid daily. With Nexo, you can earn interest on your idle crypto assets. You can learn more about how crypto taxes work. This is because you didn’t sell your crypto. Note: You avoid a taxable event when you spend the borrowed amount. You can access this in over 40 currencies. ![]()
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