Get A Crypto Loan From Nexo at 0% Interest & Avoid Taxes (Secret Of The Rich🤫)

[@SmartMoneywithKai]

🔵 Sign up to Nexo and get $25 worth of Bitcoin smartmoneywithkai.com/nexo 🟡 JOIN MY SMART MONEY CLUB www.smartmoneywithkai.com/smartmoneyclub

[@Emanuelkhamisa4321]

Can I join

[@SmartMoneywithKai]

@@Emanuelkhamisa4321 Of course, feel free to use my link👍

[@Myc398]

Can we borrow without collateral?

[@SmartMoneywithKai]

@@Myc398 No

[@KDWXD]

This video was posted 2 years ago. Do rates still apply?

[@tutorialtotal6320]

Its actually better to get a loan at 0 percent apy then transfer it out of the exchange. Then you know you would only lose a certain percentage if there was ever a hack on the exchange. Collect the yields less risk rather the keep the loan on the platform

[@SmartMoneywithKai]

Hi there and indeed, but I guess that's the use case of a loan anyways, to use it for something else outside the exchange. Just keep in mind though, you might still be liable to repaying the loan, should the company default, as there will be debt collectors coming in to repay users who lost there investments potentially, so it's not just free money:)

[@LidewijDiederik]

Thank you so much for explaining. Very clear.

[@SmartMoneywithKai]

Hi there, so glad you enjoyed it. Many thanks.

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@RogueOne-y8b]

Awesome video, I am wondering after receiving a BTC loan is is possible to send to other platforms?

[@SmartMoneywithKai]

Thanks a lot 🙌 As I understand you can only borrow EUR, USD, or GBP or borrow in stablecoins using USDT or USDC not Bitcoin. Cheers

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@naturesix8061]

Hi, Kai why does waiting 30 days make the interest go to 0%? Thanks! The Captial of Lithuania is Vilnius, formerly Vilna 💠

[@SmartMoneywithKai]

Hi there and thanks a lot for the great question. So if you use your card and thus open a line of credit, you can pay that back anytime and even before 30 days to not have any fees. If you take a loan then, as it says in their fine print, there will be a small fee charged to you, though not 100% how that one is calculated. So technically you interest remains 0% at all times as long as you maintain Platinum level membership and maintain the required LTV ratio. Paying back before 30 days will just incur a small additional fee, so I would recommend to only pay back after that to keep it fee and interest free. Or just use your card in case it's for a larger purchase. I do the same and then repay on a weekly basis, just feels better not having a full month of outstandings to be paid end of the month. Hope this helps and great to see your geography skills on point😉✅Cheers and happy weekend☀️

[@Dynomique]

Why not just borrow x amount in any stablecoin to earn the interest on that to pay back the amount borrowed and just keep adding to that stable coin with real fiat to get more and more interest to repay the loan back

[@SmartMoneywithKai]

The idea of borrowing in stablecoins and using the interest earned to pay back the loan might sound appealing, but there are a few key things to consider. Interest Rates: The interest you'd earn on the stablecoin would likely be lower than the interest you'd pay on the loan, so you might not generate enough to fully cover the loan repayments. Risks: Borrowing and compounding with stablecoins comes with risks like price fluctuations (even though stablecoins are generally stable, they can de-peg), and the platforms you're using may face liquidity or operational risks. Strategy Complexity: This strategy is more complex and involves managing both the loan and interest-earning components, which could make it riskier if the market or platform conditions change. In essence, while it could work in certain market conditions, it’s important to fully understand the costs and risks before going down this path.

[@Dynomique]

@@SmartMoneywithKai hi Kai, yeah I understand that but in essence let's say you have $2,000 in usdt earning interest daily but only wanted to borrow $500 worth of Usdt, the extra $1,000 would be getting the APY to repay it back while the other $1000 would be locked up as collateral and if you have more crypto in there aswell earning you even more APY in nexo to even buy more USDT in the account, and while most do work anyway repaying quickly wouldn't be an issue and you can also keep adding usdt to your account accruing more APY over a year to repay back the loan, I know this is what billionaires do because you don't pay taxes in loans only on the APY earned this way you keep adding and earning in USDT, I dont like the idea of doing it with a normal crypto as the volatility of the markets can be very high with price fluctuations and can be liquidated if prices fall to low, stablecoins can also have volatility via de pegs ect but can surely be a safer option all around, I know my thinking is way over complicated but that's just me lol, it's ways that billionaires know how to beat the systems to keep their wealth high but they do it with traditional banking and put their money in high interest accounts to keep earning for years, im new to nexo but with what im looking at it seems to be a very similar system to what you can achieve if you do it correctly and also if the system allows you to do it in the first place which I don't see why it shouldn't as even nexo would benefit as well anyway.

[@cryptochapuk]

Fantastic info bud, superb platform by the looks too ;)

[@SmartMoneywithKai]

Much appreciated 🙌

[@Sveipeisen83]

Hello again Kai For me as a Norwegian they like we go trough a norwegian crypto exhange as NBX to withdraw, so i better do that then. A question about the credit loan, if the bank or something stops the transactions and demands information about the credit of the loan, where do i get that?

[@SmartMoneywithKai]

Hi and I see. You should be able to see that under your loan transactions, not sure if they give a separate PDF, but I guess screenshot from the App should suffice. I personally haven't taken a loan before and sadly it's no longer possible at 0%. Cheers

[@Travelingforlife]

As a new investor, I dont understand how it helps taking out a loan that will need to be paid when you don't use the Bitcoin profits?? So growing money on a ledger but not ever using it. This means you don't use your bitcoin but use any other money that you would need to have, if any. Seems illogical.

[@SmartMoneywithKai]

Hey there! 👋 Great question, and I'm glad you're diving into the world of investing. It does sound a bit counterintuitive, doesn't it? Here's the gist: Taking out a loan using Bitcoin as collateral allows you to keep your Bitcoin and potentially benefit from its long-term growth, without selling it. It's like having your cake and eating it too! 🎂 The idea is that you're betting on Bitcoin's value increasing over time. So, instead of selling your Bitcoin (which you believe will be worth more later), you take a loan against it to meet your current cash needs. Yes, you'll have to pay back the loan, but if Bitcoin's value grows, you still hold an asset that's increased in value. It's a strategy that comes with its risks and isn't for everyone, but it's one way investors try to leverage their holdings without liquidating. Always weigh the risks and have a plan! Cheers

[@Travelingforlife]

@SmartMoneywithKai I have since placing a question with you researched and it makes clear sense to not sell and get loans as needed. This is what the rich do. Thanks so much for your response!!

[@SmartMoneywithKai]

@@Travelingforlife Glad to hear and my pleasure 🙌

[@Travelingforlife]

@SmartMoneywithKai HI, hope you don't mind I ask another question. I just started buying crypto this year. I plan to hold Bitcoin permanently. I have heard that some people when transferring crypto from an exchange like Coinbase to a hard wallet could have what's in that wallet drained. Is there a way to transfer to a cold wallet that holds nothing then once into that, transfer to the wallet storing your crypto like Bitcoin. I've been researching so much but one guy said that's worrying too much. Not sure what options there are. Any guidance is appreciated. Thanks

[@SmartMoneywithKai]

@@Travelingforlife Not sure I follow but if you bought a genuine Ledger hardware wallet nothing to worry but first time just send a small amount to see all works👌

[@Tianiline2210]

Hello, thanks for the video. I have a question please, is this service available for US residents?

[@SmartMoneywithKai]

Hi, my pleasure and sadly currently not due to US regulations :( Cheers

[@skimanization]

I have just joined Nexo, no investments yet but my question is: "Can I borough $ money using my Crypto bank balance from another platform by showing proof?" "And that I will transfer all of it to the Nexo platform?"

[@SmartMoneywithKai]

Hi Andile, sadly that wouldn't work and understandably so, in the volatile times we live in, they want to hold on to your funds themselves, seeing how many other exchanges went bust, that proof might not mean much. Cheers

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@gazlives]

what are the risks? how do they make their money if it's 0% APR?

[@SmartMoneywithKai]

Hi there and good question, I asked myself the same:) Of course, with anything there are always risks, and Crypto let's be honest, being still very new even higher risk, though overall I feel very confident about them with their good track record thus far. The 0% interest is only for Platinum members, in which you need to hold 10% or more of your total portfolio in Nexo Tokens and the more people that do that, it increased demand, adoption and in return drives the price up which will profit them in return. Similar like Crypto.com did with CRO coin, I think just less aggressive and it seems more financially feasible for a longer period.

[@TheWealthUniversityOfficial]

Is their a platform like this but for stocks as a credit card linked to the collateral up to 90% so no taxes

[@SmartMoneywithKai]

Hi there, great idea and I wish there was, would be an amazing feature, but so far none that I am aware of👌 Cheers

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@annaaaa-5710]

Hello. When I tried to borrow and almost finished, asked me 10$ fee. It’s because I didn’t activate the platinum? I did something wrong?

[@SmartMoneywithKai]

Hi and yes, the lower your tier level, the higher the fees 👌

[@saswatachakraborty]

Question: Is Nexo still safe to use after what happened to Celsius?

[@SmartMoneywithKai]

Hi mate, nothing is ever 100% safe of course, but they've survived some difficult times showing that they are well positioned and focus on having enough collateral on all their loans and not over-spend or over-leverage themselves which is great to see. I have most my funds with them so you know my answer:)

[@CupidinColorado]

How reliable would an interest free loan from nexo be?…

[@SmartMoneywithKai]

Hi, it depends on which level you are on, the higher, the lower the interest. It's not zero anymore but less than 3% on the top plan which is still outstanding. Well, you get the money so that's perfect, if they go bust, you still have the money 😉 But sure, like any crypto exchange there is a certain risk. Cheers

[@IIISalvaIII]

Thank you very much for this information! Do Nexo send or can I download any PDF document about this loan or credit line? I think my bank would ask for it if I receive an important amount.

[@RedHotAmarth]

good question, interesting

[@SmartMoneywithKai]

Hi there, most welcome and yes, you can get a PDF export of your statements including the loan👌

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@kaminznanna]

what happens if the price of nexo coin drops dramatically and you fall below the 10% threshold for the interest rate you want?

[@SmartMoneywithKai]

Hi, not 100% sure, but usually the tier level adjusts in the same day so you would be incurring the interest of the next lowest loyalty level as of the next day.

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@CarlosPedroche]

Hello Kai, I'm trying to find out how the economy works, for example, if I have a business that generates a lot of profits and I reinvest those profits in the same business to continue generating more income, what benefit of making a loan at 0% Interest in Nexo?, it's just that I don't quite understand that "borrowing against the assets" that the rich make. For example, why do I need to do this technique "borrowing against the assets" if I have a business that generates a lot of income and I reinvest that income in that same business to generate more income?, thanks.

[@SmartMoneywithKai]

Hi Carlos, great question. I think these are two different things. Of course your scenario makes perfect sense to reinvest to grow revenue. However, the point of borrowing against your assets is mostly for personal consumption. If let's say rich people want to buy a house, the would need to sell shares in their company or pay themselves out a profit which is often heavily taxed, this way, the could take out a sizeable loan, tax free, pay the house and later repay the loan, while saving massive amounts on taxes. Hope this helps. Cheers

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@mtarquinio]

Thanks for the video Kai I also like Nexo a lot - it is very intuitive! I do not have any credit line available despite having $500 USD in staking with them. I assume your collateral cannot be yielding interest to qualify for the loans, right?

[@SmartMoneywithKai]

Hi Marcus, thanks a lot🙏 Yes it's a great app and the more I use it, the more I love it. I heard credit line only becomes available from $1000 so hopefully it'll work once you hit that. And yes, you are correct, collateral sadly can't be staked to yield interest, I guess that would otherwise be the ultimate money printing machine😉 Happy investing🚀

[@mtarquinio]

@@SmartMoneywithKai so it is about choosing between the 0% APY credit line or staking interest, right? What was your reasoning for going with the loan instead of staking?

[@SmartMoneywithKai]

@@mtarquinio Hi Marcus, you don't have to chose between those. If you don't need money, just stake it, that's what I do mostly. The idea for borrowing is simply when you don't want to sell your Crypto but need some quick money for a larger purchase or expense, you simply use your Crypto to get a loan and once you get more income you repay it and you never had to sell your Crypto and never had to pay tax on it, that's the beauty of it. But if you don't need cash, then just keep it staked for sure👍

[@RhysandUriondo]

Great content, as always! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

[@SmartMoneywithKai]

Glad you found the content helpful! To transfer USDT from your OKX wallet to Binance: Log in to your Binance account and go to Wallet > Fiat and Spot. Select USDT, click Deposit, and choose the network you prefer (TRC20, ERC20, etc.). Binance will provide a deposit address. Open your OKX wallet and choose to send USDT. Enter the Binance deposit address and select the same network. Confirm the transaction and wait for it to process. Always double-check that the networks match between both platforms. If they don't, you might lose your funds. Cheers

[@lombrimania]

Hello my friend, I have a question for you... Could I deposit in Euro or Dollar to Nexo from my Revolut account? Thanks for advance

[@SmartMoneywithKai]

Hi there mate, great question and yes, you absolutely can, that's what I did as well and works perfectly fine👌 Cheers

[@lombrimania]

@@SmartMoneywithKai Hi bro, thanks for your reply... I was trying to register my revolut account in nexo but I got an error... The country to register for example in Dollar or Euro is Lithuania as well, right? Do you have a video where you make a deposit in nexo via revolut? Thanks for advance

[@Gvidas28]

Hey Kai, could you refer to anyone in Lithuania who legally consulted you or could legally consult me about this method of legally decreasing taxes?

[@SmartMoneywithKai]

Hi, I wish I could but I would not be the best person, while I lived here full time I paid my regular taxes but now am a tax resident of UAE so no more taxes:) Cheers

[@MadBalmer1]

Thank you - very informative

[@SmartMoneywithKai]

Many thanks indeed🙏

[@PKandME]

When I have to pay back normal 6.9 APR?

[@SmartMoneywithKai]

Hi there, usually it's a rolling 12-month loan, but it would just auto extend and you keep paying interest. Important that you have enough collateral, otherwise they might start selling parts of your Crypto to reduce the LTV. Cheers

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@frbsac]

Better to pay interests of the loan and earn interest on yield with the loan than 0% backed-loan without yield….

[@SmartMoneywithKai]

Hi Franz, depends, though you'll likely get less staking rewards than interest you'll pay. The best would be to go for Platinum level, get 0% interest while at the same time receive the highest staking rewards. Win-win😉

[@loveislife77]

Does your LT bank or Nexi report to VMI in LT? What is the largest loan amount you have placed on Nexo? I'm curious if your LT bank puts a hold on transfers and would require/demand proof of where this money is coming from.

[@SmartMoneywithKai]

Hey there, so far I am not aware of it, I think it's self-reporting, which Nexo makes easy to pull out transaction reports. Initially my LT did ask questions, but after I answered they were ok with it. I transferred both ways and didn't have any issues either way with anyone blocking or holding. Nexo of course only allows you to transfer back to accounts in your name to avoid money laundering. Hope this helps. Cheers.

[@yogeshkotecha6867]

Great Video. So in theory, you could borrow at 0% say for 3 months. Convert USDT to UST and stake UST to get 15-19%?

[@SmartMoneywithKai]

Hi Yogesh, indeed you could do that, the infinite money printing machine😉 The only thing to consider is that your total Nexo Coin Balance should stay above 10% of your total Nexo Portfolio in order to keep the 0% interest on your loan. Also of course, the LTV ratio needs to be maintained, in case your selected Crypto collateral drops in price, you will need to add additional crypto collateral or they might start selling some of it to hedge their own risk.

[@cryptomania8765]

I hope you didn't do that...

[@yogeshkotecha6867]

@@cryptomania8765 nope…. Thank god!!

[@cryptomania8765]

@@yogeshkotecha6867 that's good...I did :D

[@dannypong8]

I'm from Hong Kong and I need to Google to find out it's Vilnius with great history. Watched most of your videos and like them!

[@SmartMoneywithKai]

Thanks for watching and diving into some Lithuanian history. Vilnius is definitely a hidden gem with a lot to discover. Glad you're enjoying the videos-there’s plenty more to come. Cheers from Dubai now 👋

[@norbertficza7312]

Hello,super video,thanks!!! A question please: What if I have all my money in account 1000€,in PAX Gold.This time I can borrow 900€ because the LTV is 90% with PAX Gold.So I take this 900€ to my bank account. But than I Want to swap all 1000€ from PAX Gold to Solana.Solana have only 30% LTV. But I already borrowed 900€ before! So can I transfer my money to a coin with less LTV,if I already borrowed money with higher LTV coin??? Thank you

[@SmartMoneywithKai]

Glad you enjoyed the video, and good question! With most lending platforms, if you initially borrow against an asset with a higher LTV, like PAX Gold at 90%, and then want to swap that collateral for an asset with a lower LTV, like Solana at 30%, it usually triggers a recalculation of your collateral’s value. Since Solana’s LTV is lower, swapping would cause your loan to become undercollateralized, risking an instant margin call or even liquidation to restore the LTV. To prevent this, you’d need to reduce your loan balance before making the swap to match the new collateral requirements. This can vary slightly depending on the platform, so it’s always good to double-check the specifics with their support. It’s a common situation in crypto lending, so good on you for catching it beforehand. Cheers

[@GMltd]

Hi Kai, very interesting video. I have a question, let's say you put as collateral USDT, and you borrow money against the full collateral, those USDT are locked? Let's say I want to keep them as collateral but buy BTC with them, do you think is that possible?

[@SmartMoneywithKai]

Hi there and great question. I didn’t actually face this scenario myself but here is what I found online from Nexo: Your excess collateral can be exchanged for any other supported asset at any time. The collateral already used to back an existing credit line can only be exchanged for currencies with a Loan-to-Value ratio equal to or higher than the one(s) of the collateral used, as indicated in the Nexo Platform. So seems doable as long as you keep the LTV ratio same or higher. Hope this helps. Cheers, Kai.

[@GMltd]

@@SmartMoneywithKai that actually explain it fairly clear! Thanks a lot Kai.

[@SmartMoneywithKai]

@@GMltd My pleasure 😉👌

[@CASYANIROMANIA]

Very good presentaed and explaind! Congratulations 🤩😍🥳

[@SmartMoneywithKai]

Thanks a lot indeed, glad you've enjoyed it🙏

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@yungjeezy1794]

Why is nexo banned in the USA?

[@SmartMoneywithKai]

Due to US regulations, most of the crypto exchanges sadly did not see a point and feasibility of operating in the US anymore and Nexo was one of them.

[@yungjeezy1794]

@@SmartMoneywithKai do you know any any good staking/ farming exchanges in US? I’ve been looking forever 😭

[@SmartMoneywithKai]

@@yungjeezy1794 Sorry mate, I don’t and right now not a fan of staking given the volatile times.

[@ΚωνσταντίνοςΜαυριγκόπουλος]

Hello....if borrow with 0%interest is there any case you can pay some interest if you repay before 30 days? And how many days after you take the loan you can repay it ( maximum).? Thanks

[@SmartMoneywithKai]

Hi there, yes, if you repay in less than 30 days there will be a small interest charged, I don't know the exact amount but it will show you before and it's really small and reasonable. Otherwise within 365 you should repay the rest. Cheers.

[@ΚωνσταντίνοςΜαυριγκόπουλος]

After 30 days there is 0%inter ...?

[@SmartMoneywithKai]

@@ΚωνσταντίνοςΜαυριγκόπουλος Exactly, as long as you stay Platinum level member and have enough LTV crypto collateral.

[@VMX7]

Market is now perfect to get a Nexo loan that's for sure

[@SmartMoneywithKai]

🙌

[@sushantaspiritual8970]

Any security diposit??

[@SmartMoneywithKai]

Hi. Not needed. They use your crypto as collateral (or security deposit if you want to call it that way)

[@cryptomania8765]

Why do you receive about 90 euro less then your loan was...you took about 1160 and recieved 1073...

[@SmartMoneywithKai]

Hi and thanks for the question. It's because Nexo displays all values in USD, even though it doesn't actually convert your funds, but it displays it in USD so once I took the loan it was paid to me in €, that's where the difference comes from.

[@cryptomania8765]

@@SmartMoneywithKai ouh right, yeah that would do it

[@M-Y-G-A]

Wonderful video Kai. I wish you all the luck and more money with KZbin, you’re true professional. How long it took in your case to see it in your bank account? Greetings from Berlin

[@SmartMoneywithKai]

Awww. You made my entire week. That’s too kind of you. Truly appreciated🙏Will definitely keep going and people like you continue to fuel my fire. Thanks for watching and wishing you continued success in your journey which I am sure you’ll have as - success is inevitable 😉👏👍Greetings back to my home city.

[@CryptoSam65]

I've just borrowed some on Nexo, 😎

[@SmartMoneywithKai]

👏👌

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@brianmcleod4651]

Kai, this is my problem: I have approximately $34,000 usdt in my wallet. In late June, my wallet was frozen by customer service. I had to pay $10,000 usdt in penalty. Last week, I finally paid the penalty. Unfortunately, customer service locked my account because of my lack of computer power, my income and lack of withdrawal. Now, I need approximately $6000 to unlock my account then I can withdraw any usdt. Can I get a loan? Thanks

[@SmartMoneywithKai]

Sorry to hear that, but I think that question is best suited to their support team. Good luck🤞

[@brianmcleod4651]

Can't get a loan. Need the $6000 usdt badly

[@vistadelvolcan]

@@SmartMoneywithKaiwhat penalty?

[@norman._.walker]

Why was your money lock ?

[@99_harvenlbw]

India people available take loan sir

[@SmartMoneywithKai]

Hi and yes, it seems to be available in India 👌

[@Gvidas28]

Can you hold usdt and borrow fiat?

[@SmartMoneywithKai]

Hi, haven't done it myself but from what I understand, yes, you can 👌

[@Gvidas28]

@@SmartMoneywithKai hey Kai, hope to see you in Dubai when I'm a crypto millionaire in 2 years :)

[@SmartMoneywithKai]

@@Gvidas28 😂sounds awesome 😉👌

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us.

[@wilzymemes]

Can I do this in Nigeria 🇳🇬?

[@SmartMoneywithKai]

Hi there and yes, it seems so👌 support.nexo.com/s/article/is-the-latest-nexo-app-version-available-in-my-country#:~:text=Austria%2C%20Belarus%2C%20Belgium%2C%20Canada,%2C%20Bahrain%2C%20Egypt%2C%20India%2C

[@UX-Crypto]

That joke got me 😂

[@SmartMoneywithKai]

I'm glad somebody enjoyed my Dad joke😂 Cheers.

[@UX-Crypto]

@@SmartMoneywithKai haha

[@Stocktrader_shav5799]

Me too 🤣🤣🤣

[@SmartMoneywithKai]

@@Stocktrader_shav5799 😂👌

[@OLUWADUNSIOLADIPUPO]

Can i still borrow from Nexo

[@SmartMoneywithKai]

Hi and yes 👌

[@nischalmishra917]

​@@SmartMoneywithKai hi i need 10$ , can you please lend me

[@ricklecoach5570]

Too good in Canada is not allowed....

[@AndyRoma68]

Kai I'm sure you have already taken a loan with Nexo. I used last week the credit card for my plane tickets ..lets say 4000 usd of loan, (with USDC) which where placed in the Credit line Wallet. Now I can repay them, and there are some cryptos I can use as a repayment, including the same USDC I used...Strange? Or I missed something? I can repay the loan with the money used for the loan?

[@SmartMoneywithKai]

Hi Gigi, yes, technically you can repay part of your loan with the money you borrowed, though it would probably defeat the purpose 😉 I only use FIAT money loans before so can’t comment on USDC but should be the same principle. The same is true though for any bank. You could take a loan in EURO and repay it with the same money but usually there is a minimum payback period for NEXO it’s 30 days if you repay the loan before there will be a little fee on that, though I am not sure how much exactly.

[@AndyRoma68]

@@SmartMoneywithKai yeees 1 month in which they suggest not to start repay the loan or part of the loan in order not to pay interests. But I'm paying 1.50 interest daily in any case with my 4200 usd loan 😊

[@SmartMoneywithKai]

@@AndyRoma68 Exactly, this is a fantastic 'fee' to pay compared to traditional banks that would charge a fortune.

[@ricklecoach5570]

Cannot register Canada is banned country

[@ishworgarbuja6845]

Hi I'm from Nepal does it helps to Nepalese people?

[@SmartMoneywithKai]

Hi there, it seems that Nexo should be available for you to open in Nepal👌

[@ishworgarbuja6845]

@@SmartMoneywithKai how much assests should we have to get loan?

[@SmartMoneywithKai]

@@ishworgarbuja6845 Depends on which Crypto you use as collateral. In general the more stable the Crypto the less you need. Bitcoin for example has 50% collateral whereas Nexo which is more volatile only accounts for 15% collateral value.

[@cachkiemtienonlinetainha]

You need money to get a loan ?

[@SmartMoneywithKai]

Hi yes, as a collateral which is fully understandable. As they don't do a credit check on you, they do need some kind of security, otherwise it's like giving out free money to people you don't know😉

[@LettyTheinert]

Thank you so much for your hard work! 😊 Need some advice: 🙏 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

[@SmartMoneywithKai]

Hi and thank you. Just a heads-up-what you've posted looks like a private seed phrase. This is super sensitive information and anyone who has it can access and drain your wallet. I highly recommend generating a new wallet and moving your funds immediately to keep them safe. Never share your seed phrase publicly or with anyone!

[@RaduSamoila-u6n]

If I want to borrow 100,000$, that means I have to keep 500,000$ in crypto, which means that 1: I have to trust nexo with the 400,000$, and 2: Nexo's paying 7% on 400,000$ if you stake it, and by keeping it under the borrow, you're getting 0. So how can it possibly be worth it am I missing something lol

[@SmartMoneywithKai]

On BTC there is a 50% LTV ratio which is very reasonable so if you borrow 100K you need to put up 200K in BTC collateral which is fair enough given the lack of usual loan qualifying processes. Cheers

[@norman._.walker]

Why borrow from Nexo when compound finance is there, and you will get 0.1eth rewards joining us. We won’t ask for 500k to take 100k loan lol nexo is bullshit

[@vw1610]

im so bummed the SEC scared NEXO away.. :(

[@SmartMoneywithKai]

Yea, they are doing a great job in scaring most people out of Crypto these days...:(

[@DividendeKing]

Great vid!!!! Keep it up. Hi, how you top your account with funds? I used your link wanna buy crypto. Thanks

[@SmartMoneywithKai]

Hi and thanks for using my link. Yes I use Euro's to top up via bank transfer like I showed in the video, but you can also use most other currencies like USD or GBP or even Crypto in case you have some in another exchange. Cheers.

[@DividendeKing]

Hi thanks for message! Have you ever considered doing review or video on yeld nodes? It’s fanatic way to make passive income.. amazing reviews on trust pilot … here a video… kzbin.info/www/bejne/an_Ti2xshNh8aZY

[@ricklecoach5570]

Even with your link

[@theblairproj8560]

Oh I thought I can easily loan my $25 or barrow

[@SmartMoneywithKai]

Hi Blair, yes, actually you can do that😉 Not sure why you think you can't? Very simple, quick and easy. It helps though to have some Nexo Tokens as well in your portfolio so you become automatically a Platinum member and then can borrow against your Crypto at 0% interest, which is just incredible.

[@robertniebieski]

Vilnius

[@SmartMoneywithKai]

Yes Sir😉💯✅

[@CraigCarmack]

No thanks

[@SmartMoneywithKai]

😉

[@paskljhhg]

VILNIUS WTF YOU LIVE IN LT

[@SmartMoneywithKai]

Yep, indeed and loving it here😉

[@mrnogood]

This video didn't age well. Turns out that it WAS too good to be true.

[@SmartMoneywithKai]

Hi there. Not sure what you mean. This still works and considering most competitors went bust I must say all credit to them for sticking it out. Now you may not chose to want to do this, neither do I as I currently see the risk too high, but it still works as I’ve shown there👌

[@mrnogood]

@@SmartMoneywithKai show me ONE person or company who has successfully done it and didn't get their account wiped when the price crashed.

[@SmartMoneywithKai]

@@mrnogood You looking at it right now. Myself I took many loans through them so did many others and the fact that they still offer this today at such low Crypto prices out there that speaks volumes. They are actually lending out FIAT so that means they have liquidity otherwise they would have stopped this a long time ago. Again I am not advocating to do this right now and I stopped as well as I have the same concerns but I must applaud them for still sticking to this and offering this feature👌

[@halilcaliskan7180]

@@SmartMoneywithKai Sorry I didn't get what have changed and you consider it more risky. Btw the link you shared seems insecure and even if you click continue it doesn't open.

[@SmartMoneywithKai]

@@halilcaliskan7180 Hi there, not sure what you mean, the link works perfectly fine, just checked. And why I consier it risky? Well, that's just the nature of Crypto investing at this stage plus the fact that so many established exchanges went bust, makes it definitly much more risky than keeping your money at the bank, but risk doesn't have to be a bad thing, is just something to keep in mind. Cheers

[@livechangingmoney]

Very risky my friend

[@SmartMoneywithKai]

Hi Milan, agreed, I am also not using it anymore given the times we are in, but the idea is great and worked flawlessly when I did it, just now I prefer keeping all my Crypto in cold storage. Cheers