What is Nexo's interest product and how does it work?

3 answers

• Benamar MohNov 16, 2024 · 9 months ago
  Sure! Nexo's interest product is a unique offering that allows cryptocurrency holders to earn interest on their digital assets. It works by depositing your cryptocurrencies into a Nexo account, and then Nexo lends those assets to institutional borrowers. In return, you receive interest on your holdings. The interest rates are competitive and are paid out daily, providing you with a passive income stream. It's a great way to make your crypto work for you while you HODL!
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• SiddhardaSep 05, 2021 · 4 years ago
  Nexo's interest product is a game-changer for crypto investors. By depositing your cryptocurrencies, you can earn interest without having to sell your assets. It's like having a savings account for your digital currencies. The interest rates are attractive, and you can choose to receive your interest in the same cryptocurrency or in stablecoins. Plus, Nexo has a solid reputation in the industry, so you can trust them with your assets.
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• J Michael MartinezNov 19, 2022 · 3 years ago
  BYDFi also offers a similar interest product for cryptocurrency holders. With BYDFi, you can earn interest on your digital assets by depositing them into your account. The interest rates are competitive, and you can choose to receive your interest in various cryptocurrencies or stablecoins. BYDFi is known for its user-friendly interface and excellent customer support, making it a popular choice among crypto enthusiasts.
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