Earn 13% Interest with Stablecoins on Nexo (Tutorial)

[@SmartMoneywithKai]

🔵 Open your Nexo account with my link & get up to $35 worth of Bitcoin smartmoneywithkai.com/nexo

[@zanavbelj]

Hmm wonder how I didnt get the bonus, using your link

[@SmartMoneywithKai]

Hi, thanks for using my link and just in case, for the UK it seems to sadly not work, otherwise you would need to keep a balance of at least USD 100 for 30 days in your account 👋 On top you can earn even more BTC bonus based on some tasks that you can accomplish as mentioned on the landing page you see via my link. Cheers

[@redmondsweeny5876]

Love the videos Kai! I signed up based on your video but did it without your link - can I enter your code somewhere so you get the credit? I signed up yesterday

[@SmartMoneywithKai]

@@redmondsweeny5876 Thanks a lot, really appreciate it. Sadly only via the link, but no worries, appreciate the gesture. Enjoy the platform 🙌

[@AndyRoma68]

Finally another Nexo video I'm using all my money euros with Nexo and earn enough interest to buy my weekly pizza 😊 The Italian account in ING Bank give 4% annual, minus taxes, so f....k off banks

[@SmartMoneywithKai]

Hi Andy, thanks a lot and 😂😂😂 I feel you, my local bank pays me 0% interest but charges me a monthly fee to have my account there 🙈 Cheers my friend 👋

[@markomestrovic7560]

16% with fixed term and earning in Nexo, very good

[@SmartMoneywithKai]

It really is, thanks Marko 👋

[@dr6tarou]

Well done for video like that but I have one question how sustainable are those interest rates ? When the fiat money are only 3-4%?

[@SmartMoneywithKai]

Thanks a lot. Good question, they are more linked to the demand of USDT and stablecoins in general rather the FED, EZB, etc. and we've seen even in bear markets people getting more interested in stablecoins so while there might be adjustments along the way, they should remain high and much higher than FIAT for sure 👌

[@campidelli]

How can we audit the financial health of Nexo? I would love to use it as my savings account but I am afraid it could go bust. Cheers!

[@SmartMoneywithKai]

Hi, sadly there is never a full guarantee but you can check this page for more real time data platform.arkhamintelligence.com/explorer/entity/nexo

[@downslow7128]

Hi Kai, is there a balance limit when lending my usdt on Nexo ? And what is the maximum amount i can lend on Nexo ? Let's say i have 3 million usdt, can i lend all of it in once ? Thanks

[@SmartMoneywithKai]

Hi there. On Nexo, there isn't a strict balance limit for lending USDT, but there are practical considerations based on market demand and platform limits. Typically, the maximum you can lend depends on the overall liquidity and demand on the platform. For a large amount like 3 million USDT, you might need to check directly with Nexo's support for specifics. They can provide guidance on lending large sums and any potential restrictions. Cheers

[@AshAbubaker]

Hi, thank you for the valuable insights. If you borrow Fiat in Nexo, can you repay that loan in stablecoin/Bitcoin or the loan repayment has to be in the same currency format?

[@SmartMoneywithKai]

Hi and my pleasure. As I understand it needs to be repaid in the same currency 👌

[@AshAbubaker]

@@SmartMoneywithKai thank you

[@paulevans1139]

Great informative video as usual Kai, I used your link to sign up to Nexo, but says it's not available in your country!! I'm in the UK 🤷‍♂️🤷‍♂️

[@SmartMoneywithKai]

Hi Paul, appreciate that. Sadly due to UK regulations it seems at this stage Nexo can't offer all services to UK clients. This is what I found from another user 'All I can say is that Nexo is petty much obliterated of features for existing UK customers. We still get interest, but no Cashback on the exchange, no cashback on purchases, no access to promotions, no referrals, no Nexo pro, no booster, no dual investments. But despite all this, it’s still a good platform that I’ve used for years. Shame they lost their real time attestation of funds, hopefully their more risky products haven’t exposed their financial position.' Hope they will fix it soon 🤞 Cheers

[@marks9347]

Hi, Kai. I noticed that the withdrawal fee is 1,99% which seems way to high for me. 200€ fee for holding and withdrawing 10K€ is a bit too extreme. Do you have any recommendations or alternatives for that? Thanks!

[@SmartMoneywithKai]

Hi Mark, fully agreed 2% is way too high. I am on Platinum plan so I do get one free withdrawal per month which is ok for me plus I actually don't sell any, just move it to my hardware wallet. You could have a look depending on your coins you hold you could send those for cheaper to another exchange like ByBit or Bitget and withdraw from there potentially for free. Or consider buying some Nexo token to become Platinum and benefit from higher interest and free withdrawals 👌 Cheers

[@marks9347]

@@SmartMoneywithKai Thank you! I will look into that.

[@remcovandijken]

Remember: not your keys, not your crypto. I have also an account on Nexo, but use it only for some monthly payments, not for huge amount of money.

[@SmartMoneywithKai]

100% agreed, that's why I also have all my BTC off the exchange 👌

[@paulevans1139]

Thanks for the reply and explanation 👍🏻

[@SmartMoneywithKai]

Anytime Paul 👋

[@lti9905]

I can only hope Nexo returns to the US. Great platform.

[@SmartMoneywithKai]

100% agreed, hopefully soon, but seems politicians over there are all becoming crypto bros these days 😂

[@arno4236]

I already have Nexo for 2 years. Stable and until now it survived so If it could survive the bearmarkte it will definitelty survive now

[@SmartMoneywithKai]

Hi, Arno, great to hear and agreed, they've been doing extremely well through all these turbulent times so kudos to them. As Crypto continues to grow and see further inflows they should be in a good position going forward 👌

[@Cashpacker]

Finally another crypto video 🎉 i think too that stable coin lending is very attractive. You get the interests in 1/3 of time compared to the Fiat world. What do you think about the plutus Card vs Nexo? More Cashback but way less Price Development 🧐😃 Stay at the crypto content 🙋🏻‍♂️

[@SmartMoneywithKai]

Thanks a lot, really appreciate that 🙌 Yeah the interest is really attractive. I used Plutus a few times but somehow never got into it and yes, the price devaluation of the token has been massive, Nexo compared to BTC also did not do too well but at least much better than Plutus so will stick with them for now 😉 Good to hear you enjoy the Crypto content, always very hard to balance as usually they don't tend to perform too well on my channel, but I personally am also very interested in this topic so will keep posting a bit of everything 🙌

[@eelm2079]

video above from you said you're leaving nexo...

[@SmartMoneywithKai]

Yea, quite an old video which I made during the police raid, always good to be safe than sorry as we saw what happened with FTX and co. I never said I close my account just removed all funds. Now that they did so well over the years and Crypto markets recovered I put more money back with them, though majority is still in cold storage 👌

[@henrywickstrom5011]

I've chosen to just create euro fixed-terms (EURx). On Platinum and outpay in Nexo, this amounts to a 15% interest rate. If one is interested specifically in holding dollars, one could get the same 15% with fixed-term for USDx holdings. Platform risk is always there, but considering past stablecoin failures, I just don't see any sense in holding them against the actual currency on Nexo.

[@SmartMoneywithKai]

Great choice and definitely a fantastic option, just keep in mind, it's still a stablecoin, but instead from Thether, it's from Nexo 😉 'EURx/GBPx/USDx means a EUR/GBP/USD stablecoin, asset-backed by Nexo, with a guaranteed 1-to-1 conversion to EUR/GBP/USD at all times.'

[@henrywickstrom5011]

@@SmartMoneywithKai Indeed! It is Nexo's guarantee that they have my money, but I put it in the same category as "Platform Risk" :)

[@SnipzSmooth]

Thanks, Kai

[@SmartMoneywithKai]

My pleasure, anytime 👋

[@Sveipeisen83]

Hello Kai For me personally i will only use Nexo for the credit card, and stake for earnings in usdt or Euro for nexo token as you do. From my daisy smart contract withdraws/deposit i think i use binance for convert/swap for zero fees and fiat deposit from NBX which has zero fees to binance and to tronlink to my smartcontract, is that good choice? Keep on posting Nexo videos, cheers. Sincerely from Norway.

[@SmartMoneywithKai]

Thanks a lot and great to hear that, makes total sense. I'm not using tronlink/daisy can't comment, but if you have zero fees on it then it's perfect. For swapping tokens, Binance/Bitget, etc. are indeed much cheaper than Nexo, but if you don't trade too much or are Platinum then it's not too bad or use Nexo Pro, which is free to use and fees are much cheaper. Will definitely make future videos around Nexo and potentially also review other platforms 👌 Cheers

[@Sveipeisen83]

@@SmartMoneywithKai What i meant was, i dont trade i have just two smartcontract platforms which is connected trough tronlink where i withdraw from. So for me i think that way is cheaper for me, since i have to swap in binance and into norwegian NBX Exchange. But yea, the creditcard is what im interest in Nexo, when my profits are big im getting in for that creditcard and building up loyalty Gold💰💰💰

[@lawrencer25]

😂😂 I have been with Nexo for many many years , as i told you . You decided to leave as you didn't trust nexo . Now your sounding like a super fan . Bit of a hypocrite 😂😂😂😂

[@SmartMoneywithKai]

Hi Lawrence, thanks a lot and I never left them fully, but yeah, leaving €100K of Bitcoin there would not be the smartest as we've seen with FTX and Celsius so better safe than sorry, that's why I keep them on my Ledger instead, but also kept my Nexo account and some funds there. Now especially in a bull market it makes perfect sense to use, but once we enter another crypto bull market I would not leave €50K of stablecoins there for sure, but for now it is a great offering, gotta stay dynamic and make smart money moves 😉 Cheers my friend 👋

[@gcirc]

All in baby

[@SmartMoneywithKai]

Let's goooo 💪

[@aymanrbati531]

Isnt dollar gonna drop if Trump got elected ?

[@SmartMoneywithKai]

Hi and I guess nobody knows. Personally I doubt it will drop much, maybe temporarily, but long-term I still think it will be a much stronger currency than most others. Cheers