Readers who sign up to Nexo using this link can earn up to $150 dollars in free BTC! Lending **At the Coin Bureau, we are always working to ensure that our community can enjoy access to the best deals in crypto.
For our UK based readers, many customers in the UK also use Nexo, though they are not registered with the FCA, so be aware of that. Nexo is registered with the U.S Financial Crimes Enforcement Network, FINTRAC, ASIC, and hold multiple specific U.S State licenses which can be found here.Īchieving this level of regulatory compliance makes Nexo one of the best options available for European, Canadian, and Australian based users, though they also have customers from Asia and across the globe. Nexo is one of the most regulated and compliant-friendly crypto services around, the team has gone to impressive lengths to ensure that they remain on the right side of regulation. Get Instant Access to a Credit Line with Nexo With what seems like countless crypto projects popping up and disappearing all the time, it is nice to be able to trust a platform that has been around since 2018 which is essentially ancient in crypto years and boasts a sterling reputation and great track record among crypto enthusiasts. Crypto users can borrow fiat currencies or stablecoins against their crypto stash in order to meet daily expenses, avoid triggering a capital gains taxable event, buy themselves something nice, or heck, even buy more crypto!Įstablished in 2018 and headquartered in Zug, Switzerland, Nexo are one of the “OGs” in the crypto industry. Lending platforms have become very popular in the crypto industry as they provide crypto hodlers with the ability to access cash without needing to sell their digital assets. Nexo is a project that provides lending services while using cryptocurrencies as collateral. The NEXO token has also been gathering quite a bit of momentum since its release and continues to perform positively over the long term, securing its position as a top 100 cryptocurrency. Nexo has evolved into so much more than just a lending platform and is continuously innovating, becoming a leader in FinTech solutions and are also backed by some pretty influential names in the cryptocurrency space which we will cover later. We suggest crypto holders self-custody during these uncertain times. ⚠️ Safety Notice⚠️- In light of the recent liquidity issues faced by the lending platform Celsius and 3AC, and the high risk of contagion that could result in further company failures during these difficult market conditions, we do not recommend users keep funds on any lending platforms or centralized exchanges until the markets recover. Nexo is considered one of the “big 3” lending platforms alongside BlockFi and Celsius and has a positive reputation within the crypto and FinTech communities. Nexo is one of the world’s leading crypto lending and borrowing platforms with a large global user base and a strong presence in Europe.
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