Wow lots and lots of good info in this vid. Im going to have to watch it again to understand it all. I have a nexo acct but not used it yet. This has inspired me thank you Kai for making this much appreciated !
Aww, thank you Nina, so glad to hear that🙏 I can only recommend this platform to anyone interested in Crypto, I really think that it is currently the best and most complete platform out there for both beginners and pro's💯 Cheers and happy investing🚀
Will the loan period start with the first buy or starts it after every buy again at 30 days? Do you have experience with that? Dont want to pay fees of my earned Cashback ;)
Hi not sure anymore how that changed over time as I have not been using the feature for a long-term, but I am sure in their T&C it should be mentioned. I remember on the Platinum level if you borrow at 0% it was for the whole year even which was great. But you can also write to their support team, they are usually fast to reply. Cheers
How does the cash back work with advance payments when using debit mode? I charge my car and it takes 15.00 in advance and refunds the difference the next day of what I haven;t used. I noticed when the 15 went from my card I got cash back. When they refund the difference, will they want the cash back back again or do I keep it? If I.keep it then I will charge my car little and often.
Hi mate👋 Not sure to be honest as I used to use it in credit mode only and now not at all, maybe you can write to their support to double check that. Cheers
Hi, what is the reason for not using it at all? I have only just got a Nexo account - is it worth using it all the time, transferring my money into it and paying everything with the card to get the cash back? I have been using Revolut but they have put their fees up from £12.99 a month to £14.99 a month for the plan I use.@@SmartMoneywithKai
If it makes sense for you great, I just don't keep much money at all on the exchange anymore so in my case I stick with Revolut, on the Ultra plan I get 1.2% cashback with the Pro card and that works for me, but if you don't mind then Nexo cashback can be very attractive👌
Hi, so best way to get cash back would be to do instant bank transfer from my Revolut account, which is free and fast, for anything I need to pay for by card, exchange it to Nexo tokens and pay using the available credit from the Next tokens, then repay the loan after 30 days?@@SmartMoneywithKai
Hi Kai, Thanks for explain features and tips on nexo! I’ve heard from a couple of mates who work in American auditing firms and they said that Nexo has 97% of chances of being liquidated by year end as their numbers are inaccurate. Just like what happened with Celsius, a lot of people are discussing that Nero’s founder is trying to defend by saying they are not a part of 3fa. However, please let me know what should I do as I have my money in 6 digits and I need a safe place to earn yield on it, talks about nexo is really getting me worried after seeing what happened with Celsius, we cannot ignore the fact that it cannot happen to Nexo. Please give me your recommendations, will be really helpful! Cheers
Hi Shreyash, thanks for your comment and good point, I will actually post a video on this tonight with my views on Nexo. Look, if you have 6 figure crypto holdings, I would definitely say, but a majority of it on a hardware wallet for time being, risking all this for a few percent of staking might not be worth it. Then again, Nexo so far has been holding up well. Of course, nobody knows the real data, but they are being audited in real time by a seemingly legit auditing company, that state that their assets exceed their liabilities, which is very healthy, by how much, nobody knows. Of course, should Crypto drop further, to below $10K let's say, a lot more exchanges will run into liquidity problems so better not to risk it. My main holdings I have on Ledger, rest all in Nexo to get cashback and staking rewards.
Loving the video thank you! Question, if I had the choice to deposit fiat or USDC which is the best option? And if I were to borrow USDC, would putting it back in as a deposit on Nexo be a good move or would putting it on a stable coin LP yield aggregator like beefy be a good idea? Thank you
Hi Jacob, thanks a million, much appreciated🙏 Great question. In case you already have USDC on another exchange I think it would be the fastest to transfer it over to Nexo and start using it how you see fit, either as collateral to get a Crypto Loan, for the Nexo Card as Collateral or to stake and get daily interest. If you don't have any USDC you want to transfer, then FIAT deposit is straightforward, though it takes a few days to arrive. As for Beefy, I haven't tried it so I can't comment, I guess depends how much staking rewards they offer compared to the level of risk. Just checked on Nexo you get for your USDC 10% APY paid daily and even 12% APY if you chose to get paid in Nexo which will help you keep the highest loyalty level to get the highest rewards. So from my side, I can really recommend Nexo wholeheartedly. Hope that helps. Happy investing🚀
@@SmartMoneywithKai Thank you very much for the advice, I’ll start with USDC and stick with 20% LTV loans until I become more confident, a video comparing Nexo to yield farming/aggregators would be great, your channel is a gem and deserves much success, to financial freedom! 🤝
Hello, I need your help, I registered on the nexo everything is exactly as you said it, the problem is that a friend of mine registered filed a fairly large oneAmount, bought usdt But it cannot transfer them nor withdraw and in the application inside it says it has 0.00 transfer limit and the service department sends all the time to every question of the standard message
Hi Kostas, it sounds like your friend's account might still be in the verification process, which could limit withdrawals and transfers. I recommend double-checking if the identity verification (KYC) is fully completed, as this often resolves such issues. If that's all set and the issue persists, I’d suggest escalating the support request by replying directly to their messages and asking for a detailed explanation or contacting them through alternative channels like social media or their official email. Hope it'll get solved soon. Cheers
What's the difference between saving and credit wallet? Don't fully get it. Also will you get interest on your coins JUST if you transfer them to nexo or you have tp do something special?
The difference is that if they are in your saving wallet, you will receive daily staking rewards (interest), while if they are in your credit wallet, they count towards your collateral in case you want to have a loan or use their card. If not, just keep it all in savings. Once you transfer your crypto to Nexo it will be automatically assigned to a wallet, you just choose which one, that's all. Cheers
Kai, awesome as always. I’ll add in order to be eligible for the zero-cost credit lines, we have to have a LTV of 20.00% or below, otherwise we will have a daily interest of 6.9% daily on High LTV interest rate. I hope that this one helps. I’m talking based on my own experience since my LTV credit line was 41.23% and I payed interest rate on my credit of 6.9%. Cheers 🍻
Hi there and thanks a lot for sharing, much appreciated and great to see you joining the Nexo team as well😉 It actually depends on which coin you add to your credit line and which loyalty level you are. I used to use BTC as my collateral at Platinum level, which has a LTV of 50%, if you stay under that it will be at 0%. Nexo Coin though only has a LTV of 15%, much lower as it's a more volatile coin, but at the same time, you can put all of it in your credit line and still get staking rewards on it and you can just repay your card whenever you get close to 15%, fee free apparently, only the loan should not be repaid before 30 days. Cheers mate.
@@santiagorestrepo8691 Hi Santiago, just to jump in here to answer your question, yes, it's yearly, if it was daily I think they could close the exchange as everyone would leave😉
Hi Kai, Thanks for another great video. Let me just add one thing about repaying the outstanding loan. I think you only need to wait the 30 days when you take on a collateralized loan. If your outstanding loan is only from the nexo card payments you can repay without having to wait the 30 days to get 0% interest. I did my card repayments every time I maxed out my nexo 15% LTV. Around every 15 days or so depending on my expenses. I used EUR I keep on nexo to do these repayments so I don’t know if there are any fees when doing repayments with other assets. But I do repay under 30 days at 0% interest.
Hi Phillip thanks a lot and wow, yet another golden nugget of knowledge, that's great to hear. I haven't reached a full month of using the Card yet so couldn't say for sure, but hearing it from you, I will actually do the same as you, put all my Nexo in Credit Line, max out the 15% LTV and then repay whenever close to that, if there is no fee on early repayment, then it's really the perfect card at this stage I would say. Thanks a lot for sharing.
Hi Kai, Could you elaborate on this part of the video : "Repay your loan only after 30 days". So you take a portion of your income, deposit it on Nexo and what happens then?
Well basically you can take a loan against your Crypto holdings. So for example if you had €10K worth of Bitcoin in your Nexo account, you could borrow €5K immediately and without any fees, depending on your Nexo loyalty level. If you wanted to repay that loan it is advisable to wait at least 30 days not to incur interest fees. Hope this helps. Cheers
Hi Gigi, Credit Line is the total credit you are able to take considering your holdings, Available Credit is how much you have left, basically your Credit line minus the amount you took out already, either as a loan or via your Card.
@@SmartMoneywithKai so the credit line is higher than the available line...and how can I use this credit line amount? I made a 100 usdc loan yesterday, my credit line grew up 100 usd but I dont know how to use this 100 that I borrowed. Infact i cannot buy nothing or swap the usdc in other coyns, so I wonder why I made a loan
@@AndyRoma68 When you get the loan you can get it paid to your bank in FIAT or you can just pay with your Nexo card and it goes against your Available Credit line, and you can repay it anytime without fine.
1m fixed term BTC will accrue 8% APR with payout monthly. Flex term will accrue 7% APR, but payed daily. The APY for flex term with daily payment should be higher than the APY for fixed term with only monthly payment, right?
Hi Alf, thanks for your question, not sure I fully understood the question, but will try to answer. BTC get's 8% APY if fixed for 1 month and paid monthly and 7% APY for flex term paid daily, that is if you choose to get paid in Nexo instead of BTC, otherwise it's 2% less for each, but the rest is the same. Hope this helps.
Just a quick question- You mentioned curve card , why does it state 1% cash for a month? Bit pointless applying for a card with benefits for only a month 🙈😱 Cheers 👍
Hi Lawrence, good point. 1% is indeed for the first month on all transaction and afterwards you can upgrade your plan and choose for 3 or 6 suppliers respectively, where you'll get 1% on transaction through them. Another option is to refer your friends & family. For each referral (which doesn't cost them anything to sign up) you'll get an additional month of 1% on all transactions plus GBP 15 sign up bonus, which is pretty nice. That's what I am doing. In addition it has a lot of other perks like having all your cards as part of one card, good analytics & ability to go back in time and change a specific card for a specific transaction up to 30 days. Cheers.
its true you get interrest on your fiat, but your forgetting the risks, the exchang could be hacked or something... so no it's not the same as your bank.
Hi there and thanks for your comment. Agreed, it's not the same as a bank, I think it's better😉 You are right, there is a risk of them getting hacked, but don't forget, the same is true for your bank, email account, etc. Both of them have insurance up to a certain amount, but even at your bank you are at risk of loosing above a certain amount. Plus the invisible loss of your money every day through inflation, is a reality, most people don't grasp as the amount stays the same, but it is actually less as the purchasing power is greatly reduced. Like anything, there is a risk vs reward balance here. Just like planes can crash and stocks can go to zero. Ultimately, everyone needs to do what they feel comfortable with and for me I feel more comfortable with them than with my bank.
Hi there and of course, that's a good option as well and if you feel more confident with that then go for it. What I showed is just an option for people who want to invest into Crypto or want to get a loan that they can't get the traditional way from a bank.
It's basically one card where you can add all your other cards to it and it makes them digital and possible to use with apple or google pay, you get analytics for all your cards spendings, plus cashback on your transactions and other benefits. I love this card/app. Try it out www.curve.com/join#N2K9MJPE
A curve card is when you put it in your wallet behind your shorts and drive some hours in the traffic jam and at night you take your card from the wallet and you will see it is curve
Paying after 30 days forces you to put more crypto in the account which I dont like. That was the major drawback for me to not get the card. If you have little money in the account you can barely use the card with the maximum benefits. Still a cool concept tho
Hi Michel, thanks for sharing your feedback. As I didn't have the card for 30 days yet, one of the subscribers just informed me that the 30 day limit to repay only applies to the Loan, the Card can be repaid before 30 days without and fees so you put Nexo token into the Credit Line to use as collateral, get 7% p.a. staking rewards paid daily, plus 2% Nexo cashback on every transaction and repay let's say weekly or whenever the outstanding get close to 15% LTV of your Nexo holdings and it will all be at zero cost and without any lock-up, meaning you could sell or move all your holdings at any time. Of course, it's a personal choice, but objectively speaking, I think this makes it one of the most attractive cards at the moment at least in my eyes. Have a successful week ahead.
@@SmartMoneywithKai Ah alright didnt know that. I thought because you take a loan by using the card it is the same as just taking a loan in the app. Thanks for clearing this up!
@@AndyRoma68 Amazing, love it. Feels so good doesn't it. Also just booked a big Villa we share with many friends, I pay for all and get the cashback, great feeling😉👌
The difference with your bank money is that if you open the Nexo app and it says you have now 0 eur, it means you have zero eur. You lose everything and have no right to get your money back. So don't put all your money there.
I'm in the US, and the Bankers mafia here blocked all earnings in my Nexo, exception of Nexo token, so sad and disgusting, the same happened with Celsius ( now just those who make more than $200k year have access to the earnings, incredible.) I have $3500 locked because of a loan I took last year, and now I needed to add collateral for the first time... I wish the dashboard showed my current LTV, so I have an advanced idea if need ad collateral or not.
Hi there and thanks for your comment. Really sorry to hear that and so sad that the US choses to go this direction, hope they'll come around eventually. I agree with you regarding NEXO LTV Dashboard, would be great to see. Of course you can roughly calculate depending on what you stake. If Nexo Token, which is good as you still keep getting interest on it while it's used as collateral its 15% LTV. But if you want to be safe and not get charged interest, you can also add other Crypto in the Credit Line Wallet so it would use that before charing you interest. But yes, it could be easier visible, but they have improved a lot, so I have no doubt such feature might be added in due course. All the best and hope all will be sorted out with your funds.
@@SmartMoneywithKai Since Nexo token value is decreasing, I decided to use it to pay part of the loan... Nexo allowed me to use just 50%... I paid just a small fraction, but worked for something, bad this 50% limitation. I'm afraid that Nexo token value will go down more and more. And Celsius... So painful! Fool I paid a third margin call last Monday, another mistake... I will not see my BTC soon from the broke Celsius, big deception :( I think was safe a 2X leverage... Unlike Nexo, Celsius doesn't allow to use of USDC as collateral. I needed to add BTC that keeps melting...
@@Ancorarte Ah, so sorry to hear this and yes, really such a shame with Celsius. I hope they’ll weather the storm and get through this und customers will get access to their funds again🤞Thanks regarding Nexo token update, didn’t know about it and I am also very surprised to hear this, not ideal but still, thus far the platform is holding up well and good communication from their side.
Wow, that's unfortunate to hear, but to be honest first time I hear this. Did they give any particular reason as to why? Because they are liquid and all is ok with them. Myself and many of my friends use it totally without issues. Hope yours will be fixed soonest.
🔵 Open your Nexo account & get $25 worth of Bitcoin
smartmoneywithkai.com/nexo
@@SmartMoneywithKai my friend you are the best thank you very much, this is the problem thank you thank you thank you I just fix it
I binge watch ur vids man. You certainly deserve more views and subs. I will share! Keep it coming
Awww, thank you so much, that's awesome to hear 🙏
Wow lots and lots of good info in this vid. Im going to have to watch it again to understand it all. I have a nexo acct but not used it yet. This has inspired me thank you Kai for making this much appreciated !
Aww, thank you Nina, so glad to hear that🙏 I can only recommend this platform to anyone interested in Crypto, I really think that it is currently the best and most complete platform out there for both beginners and pro's💯 Cheers and happy investing🚀
XMAX 300 ticks all the boxes for urban mobility. This video sealed the deal for me!
I have 10 fixed terms per month . Creating more interest and receiving back 1 fixed term every 3 days.
Awesome to hear Scott👌
I wish to get fiat interest on my gbpx. However i fear ill input or my nexo account data wrong and it will be lost from the bank to nexo
Do you get paid into nexo or do you move your pay to nexo from your bank?
I move my funds from my bank to Nexo, I don't use it as my default account.
Will the loan period start with the first buy or starts it after every buy again at 30 days? Do you have experience with that? Dont want to pay fees of my earned Cashback ;)
Hi not sure anymore how that changed over time as I have not been using the feature for a long-term, but I am sure in their T&C it should be mentioned. I remember on the Platinum level if you borrow at 0% it was for the whole year even which was great. But you can also write to their support team, they are usually fast to reply. Cheers
How does the cash back work with advance payments when using debit mode? I charge my car and it takes 15.00 in advance and refunds the difference the next day of what I haven;t used. I noticed when the 15 went from my card I got cash back. When they refund the difference, will they want the cash back back again or do I keep it? If I.keep it then I will charge my car little and often.
Hi mate👋 Not sure to be honest as I used to use it in credit mode only and now not at all, maybe you can write to their support to double check that. Cheers
Hi, what is the reason for not using it at all? I have only just got a Nexo account - is it worth using it all the time, transferring my money into it and paying everything with the card to get the cash back? I have been using Revolut but they have put their fees up from £12.99 a month to £14.99 a month for the plan I use.@@SmartMoneywithKai
If it makes sense for you great, I just don't keep much money at all on the exchange anymore so in my case I stick with Revolut, on the Ultra plan I get 1.2% cashback with the Pro card and that works for me, but if you don't mind then Nexo cashback can be very attractive👌
Hi, so best way to get cash back would be to do instant bank transfer from my Revolut account, which is free and fast, for anything I need to pay for by card, exchange it to Nexo tokens and pay using the available credit from the Next tokens, then repay the loan after 30 days?@@SmartMoneywithKai
You could do that, yes, makes sense👌
Very informative - thank you
Glad you found it useful, many thanks.
Hi Kai, Thanks for explain features and tips on nexo!
I’ve heard from a couple of mates who work in American auditing firms and they said that Nexo has 97% of chances of being liquidated by year end as their numbers are inaccurate. Just like what happened with Celsius, a lot of people are discussing that Nero’s founder is trying to defend by saying they are not a part of 3fa. However, please let me know what should I do as I have my money in 6 digits and I need a safe place to earn yield on it, talks about nexo is really getting me worried after seeing what happened with Celsius, we cannot ignore the fact that it cannot happen to Nexo. Please give me your recommendations, will be really helpful!
Cheers
Hi Shreyash, thanks for your comment and good point, I will actually post a video on this tonight with my views on Nexo. Look, if you have 6 figure crypto holdings, I would definitely say, but a majority of it on a hardware wallet for time being, risking all this for a few percent of staking might not be worth it. Then again, Nexo so far has been holding up well. Of course, nobody knows the real data, but they are being audited in real time by a seemingly legit auditing company, that state that their assets exceed their liabilities, which is very healthy, by how much, nobody knows. Of course, should Crypto drop further, to below $10K let's say, a lot more exchanges will run into liquidity problems so better not to risk it. My main holdings I have on Ledger, rest all in Nexo to get cashback and staking rewards.
Loving the video thank you! Question, if I had the choice to deposit fiat or USDC which is the best option? And if I were to borrow USDC, would putting it back in as a deposit on Nexo be a good move or would putting it on a stable coin LP yield aggregator like beefy be a good idea? Thank you
Hi Jacob, thanks a million, much appreciated🙏 Great question. In case you already have USDC on another exchange I think it would be the fastest to transfer it over to Nexo and start using it how you see fit, either as collateral to get a Crypto Loan, for the Nexo Card as Collateral or to stake and get daily interest. If you don't have any USDC you want to transfer, then FIAT deposit is straightforward, though it takes a few days to arrive. As for Beefy, I haven't tried it so I can't comment, I guess depends how much staking rewards they offer compared to the level of risk. Just checked on Nexo you get for your USDC 10% APY paid daily and even 12% APY if you chose to get paid in Nexo which will help you keep the highest loyalty level to get the highest rewards. So from my side, I can really recommend Nexo wholeheartedly. Hope that helps. Happy investing🚀
@@SmartMoneywithKai Thank you very much for the advice, I’ll start with USDC and stick with 20% LTV loans until I become more confident, a video comparing Nexo to yield farming/aggregators would be great, your channel is a gem and deserves much success, to financial freedom! 🤝
@@jacobstonier2835 Hi Jacob, you are too kind, many thanks🙏 And great idea, will keep that in mind👌
The link to curve is missing 😢
Hi there, sorry here it is www.curve.com/join#N2K9MJPE I am not really using Curve much anymore though. Cheers
Hello, I need your help, I registered on the nexo everything is exactly as you said it, the problem is that a friend of mine registered filed a fairly large oneAmount, bought usdt But it cannot transfer them nor withdraw and in the application inside it says it has 0.00 transfer limit and the service department sends all the time to every question of the standard message
Hi Kostas, it sounds like your friend's account might still be in the verification process, which could limit withdrawals and transfers. I recommend double-checking if the identity verification (KYC) is fully completed, as this often resolves such issues. If that's all set and the issue persists, I’d suggest escalating the support request by replying directly to their messages and asking for a detailed explanation or contacting them through alternative channels like social media or their official email. Hope it'll get solved soon. Cheers
What's the difference between saving and credit wallet? Don't fully get it. Also will you get interest on your coins JUST if you transfer them to nexo or you have tp do something special?
The difference is that if they are in your saving wallet, you will receive daily staking rewards (interest), while if they are in your credit wallet, they count towards your collateral in case you want to have a loan or use their card. If not, just keep it all in savings. Once you transfer your crypto to Nexo it will be automatically assigned to a wallet, you just choose which one, that's all. Cheers
@@SmartMoneywithKai But if I keep everything in saving, i won't also be able to use the credit card right?
@@PKandME That's correct.
Kai, awesome as always. I’ll add in order to be eligible for the zero-cost credit lines, we have to have a LTV of 20.00% or below, otherwise we will have a daily interest of 6.9% daily on High LTV interest rate. I hope that this one helps. I’m talking based on my own experience since my LTV credit line was 41.23% and I payed interest rate on my credit of 6.9%. Cheers 🍻
Hi there and thanks a lot for sharing, much appreciated and great to see you joining the Nexo team as well😉
It actually depends on which coin you add to your credit line and which loyalty level you are. I used to use BTC as my collateral at Platinum level, which has a LTV of 50%, if you stay under that it will be at 0%. Nexo Coin though only has a LTV of 15%, much lower as it's a more volatile coin, but at the same time, you can put all of it in your credit line and still get staking rewards on it and you can just repay your card whenever you get close to 15%, fee free apparently, only the loan should not be repaid before 30 days. Cheers mate.
Hey, I believe that the interest rate is 6.9% yearly, not Daily, if it was daily interest that would be insane. Did you get charged 6.9% daily?
@@santiagorestrepo8691 Hi Santiago, just to jump in here to answer your question, yes, it's yearly, if it was daily I think they could close the exchange as everyone would leave😉
@@santiagorestrepo8691 Haha, yes my bad, you are right. However, I was charged daily, but on yearly 6.9 :)
Hi Kai, Thanks for another great video. Let me just add one thing about repaying the outstanding loan. I think you only need to wait the 30 days when you take on a collateralized loan. If your outstanding loan is only from the nexo card payments you can repay without having to wait the 30 days to get 0% interest. I did my card repayments every time I maxed out my nexo 15% LTV. Around every 15 days or so depending on my expenses. I used EUR I keep on nexo to do these repayments so I don’t know if there are any fees when doing repayments with other assets. But I do repay under 30 days at 0% interest.
Hi Phillip thanks a lot and wow, yet another golden nugget of knowledge, that's great to hear. I haven't reached a full month of using the Card yet so couldn't say for sure, but hearing it from you, I will actually do the same as you, put all my Nexo in Credit Line, max out the 15% LTV and then repay whenever close to that, if there is no fee on early repayment, then it's really the perfect card at this stage I would say. Thanks a lot for sharing.
You say fiat as Nexo does. But those are actually cryptos too, right ? (EUx, USDx, GBPx)
Hi there, yes, they are tokenized stablecoins and apparently 1-1 backed with their respective FIAT currency👌
Hi Kai,
Could you elaborate on this part of the video : "Repay your loan only after 30 days".
So you take a portion of your income, deposit it on Nexo and what happens then?
Well basically you can take a loan against your Crypto holdings. So for example if you had €10K worth of Bitcoin in your Nexo account, you could borrow €5K immediately and without any fees, depending on your Nexo loyalty level. If you wanted to repay that loan it is advisable to wait at least 30 days not to incur interest fees. Hope this helps. Cheers
@@SmartMoneywithKai Thanks for the response mate!
My pleasure, anytime mate, happy weekend🍻
Hi Kai, what's the difference between Credit Line and Available Credit?
Hi Gigi, Credit Line is the total credit you are able to take considering your holdings, Available Credit is how much you have left, basically your Credit line minus the amount you took out already, either as a loan or via your Card.
@@SmartMoneywithKai so the credit line is higher than the available line...and how can I use this credit line amount? I made a 100 usdc loan yesterday, my credit line grew up 100 usd but I dont know how to use this 100 that I borrowed. Infact i cannot buy nothing or swap the usdc in other coyns, so I wonder why I made a loan
@@AndyRoma68 When you get the loan you can get it paid to your bank in FIAT or you can just pay with your Nexo card and it goes against your Available Credit line, and you can repay it anytime without fine.
Fabulous video 🥳🥳🥳🥳🥳🥳
Thank you Sir🙏
1m fixed term BTC will accrue 8% APR with payout monthly. Flex term will accrue 7% APR, but payed daily. The APY for flex term with daily payment should be higher than the APY for fixed term with only monthly payment, right?
Hi Alf, thanks for your question, not sure I fully understood the question, but will try to answer. BTC get's 8% APY if fixed for 1 month and paid monthly and 7% APY for flex term paid daily, that is if you choose to get paid in Nexo instead of BTC, otherwise it's 2% less for each, but the rest is the same. Hope this helps.
The APR is yearly and have to be divided by 12 to work out your monthly payment.
Not sure why you wouid think its 7%, 8% amonth ?
I'm in the UK. Fortunately transfers from my bank only take a couple of minutes.
Hi and thanks for sharing, that's great to know and how it should be everywhere, hope that speed will come to US & Europe soon as well🤞
Just a quick question-
You mentioned curve card , why does it state 1% cash for a month?
Bit pointless applying for a card with benefits for only a month 🙈😱
Cheers 👍
Hi Lawrence, good point. 1% is indeed for the first month on all transaction and afterwards you can upgrade your plan and choose for 3 or 6 suppliers respectively, where you'll get 1% on transaction through them. Another option is to refer your friends & family. For each referral (which doesn't cost them anything to sign up) you'll get an additional month of 1% on all transactions plus GBP 15 sign up bonus, which is pretty nice. That's what I am doing. In addition it has a lot of other perks like having all your cards as part of one card, good analytics & ability to go back in time and change a specific card for a specific transaction up to 30 days. Cheers.
its true you get interrest on your fiat, but your forgetting the risks, the exchang could be hacked or something...
so no it's not the same as your bank.
Hi there and thanks for your comment. Agreed, it's not the same as a bank, I think it's better😉 You are right, there is a risk of them getting hacked, but don't forget, the same is true for your bank, email account, etc. Both of them have insurance up to a certain amount, but even at your bank you are at risk of loosing above a certain amount. Plus the invisible loss of your money every day through inflation, is a reality, most people don't grasp as the amount stays the same, but it is actually less as the purchasing power is greatly reduced. Like anything, there is a risk vs reward balance here. Just like planes can crash and stocks can go to zero. Ultimately, everyone needs to do what they feel comfortable with and for me I feel more comfortable with them than with my bank.
heheheeh the best part of this video 2:08 F...k the bank
😂😂😂👌
The s&p500 has been steadily paying 10% APY, sure there are risks but they'll never rug pull you like nexo can..
Hi there and of course, that's a good option as well and if you feel more confident with that then go for it. What I showed is just an option for people who want to invest into Crypto or want to get a loan that they can't get the traditional way from a bank.
What is a curve card
It's basically one card where you can add all your other cards to it and it makes them digital and possible to use with apple or google pay, you get analytics for all your cards spendings, plus cashback on your transactions and other benefits. I love this card/app. Try it out www.curve.com/join#N2K9MJPE
A curve card is when you put it in your wallet behind your shorts and drive some hours in the traffic jam and at night you take your card from the wallet and you will see it is curve
@@AndyRoma68 🤣🤣🤣🤣🤣True story👌
Paying after 30 days forces you to put more crypto in the account which I dont like. That was the major drawback for me to not get the card. If you have little money in the account you can barely use the card with the maximum benefits. Still a cool concept tho
Hi Michel, thanks for sharing your feedback. As I didn't have the card for 30 days yet, one of the subscribers just informed me that the 30 day limit to repay only applies to the Loan, the Card can be repaid before 30 days without and fees so you put Nexo token into the Credit Line to use as collateral, get 7% p.a. staking rewards paid daily, plus 2% Nexo cashback on every transaction and repay let's say weekly or whenever the outstanding get close to 15% LTV of your Nexo holdings and it will all be at zero cost and without any lock-up, meaning you could sell or move all your holdings at any time. Of course, it's a personal choice, but objectively speaking, I think this makes it one of the most attractive cards at the moment at least in my eyes. Have a successful week ahead.
@@SmartMoneywithKai Ah alright didnt know that. I thought because you take a loan by using the card it is the same as just taking a loan in the app. Thanks for clearing this up!
@@SmartMoneywithKai I used for the very first time the Nexo card yesterday for airplanes tickets, 4100 usd and obtained 82 usd of Nexo 😀
@@AndyRoma68 Amazing, love it. Feels so good doesn't it. Also just booked a big Villa we share with many friends, I pay for all and get the cashback, great feeling😉👌
The difference with your bank money is that if you open the Nexo app and it says you have now 0 eur, it means you have zero eur. You lose everything and have no right to get your money back. So don't put all your money there.
Fully agreed, that's why I always mention the risks in my videos and have now moved all my Crypto to my own Ledger Hardware Wallet👌
I'm in the US, and the Bankers mafia here blocked all earnings in my Nexo, exception of Nexo token, so sad and disgusting, the same happened with Celsius ( now just those who make more than $200k year have access to the earnings, incredible.) I have $3500 locked because of a loan I took last year, and now I needed to add collateral for the first time... I wish the dashboard showed my current LTV, so I have an advanced idea if need ad collateral or not.
Hi there and thanks for your comment. Really sorry to hear that and so sad that the US choses to go this direction, hope they'll come around eventually. I agree with you regarding NEXO LTV Dashboard, would be great to see. Of course you can roughly calculate depending on what you stake. If Nexo Token, which is good as you still keep getting interest on it while it's used as collateral its 15% LTV. But if you want to be safe and not get charged interest, you can also add other Crypto in the Credit Line Wallet so it would use that before charing you interest. But yes, it could be easier visible, but they have improved a lot, so I have no doubt such feature might be added in due course. All the best and hope all will be sorted out with your funds.
@@SmartMoneywithKai Since Nexo token value is decreasing, I decided to use it to pay part of the loan... Nexo allowed me to use just 50%... I paid just a small fraction, but worked for something, bad this 50% limitation. I'm afraid that Nexo token value will go down more and more.
And Celsius... So painful! Fool I paid a third margin call last Monday, another mistake... I will not see my BTC soon from the broke Celsius, big deception :( I think was safe a 2X leverage...
Unlike Nexo, Celsius doesn't allow to use of USDC as collateral. I needed to add BTC that keeps melting...
@@Ancorarte Ah, so sorry to hear this and yes, really such a shame with Celsius. I hope they’ll weather the storm and get through this und customers will get access to their funds again🤞Thanks regarding Nexo token update, didn’t know about it and I am also very surprised to hear this, not ideal but still, thus far the platform is holding up well and good communication from their side.
nexo close my account, my money cannot withdraw, anyone be careful
Wow, that's unfortunate to hear, but to be honest first time I hear this. Did they give any particular reason as to why? Because they are liquid and all is ok with them. Myself and many of my friends use it totally without issues. Hope yours will be fixed soonest.
Sounds like fake news