thoughts on Nexo? | Bitcointalksearch.org

bhadz

hero member

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Quote from: forestx on November 23, 2020, 04:57:28 PM

What are people's thoughts on Nexo is it a safe place to put my BTC or is it a scam waiting to happen
I am thinking of moving my main BTC holdings from Coinbase and looking at alternatives nexo has caught my eye
I created an account but haven't deposited any coins yet

You want to earn using them or you only want to store it in a safer wallet? If it's the latter, I don't advise you to use them as your wallet. It's not a very good place to store it.
Download the official electrum wallet and keep your bitcoins there or, you can have it on a hardware wallet.

aarif123

jr. member

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As far as I know nexo is very old project for lending or staking your cryptocurrency and taking loan against your existing cryptocurrency but as we can see that many centralized exchange and wallet is getting hacked so in that case I won't recommend you because there is a high chance of getting hacked your account

bL4nkcode

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Quote from: forestx on November 23, 2020, 04:57:28 PM

What are people's thoughts on Nexo is it a safe place to put my BTC or is it a scam waiting to happen
I am thinking of moving my main BTC holdings from Coinbase and looking at alternatives nexo has caught my eye
I created an account but haven't deposited any coins yet

So what's your purpose of sending your main holding to such wallet? Their loan? Its been said that their token is shitcoin well the same as their featured service.

I'd say coinbase is better than nexo in anyways, but I suggest to hold it on a wallet where you own the private keys/seed just what mentioned above.

But if the amount is not that great, I guess its considerable to put it on an exchange where you can easily convert to usdt/usd when ATH comes. But remember that CB is known as shit also, the website keeping in maintenance when btc price soar, and telling its user that their server cant hold the amount of users, like wtf? Its been an issue for how many years yet they still not upgrade their servers?

Chikito

legendary

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I suggest you hold your Bitcoin in a wallet where you own the private key. Nexo already many time discusses here, so you must read all reviews carefully.

1. https://bitcointalksearch.org/topic/httpsnexoio-5182914
2. https://bitcointalksearch.org/topic/nexo-earn-8-dividend-a-year-with-no-risks-5160150

keyword "nexo" https://ninjastic.space/search?content=nexo

forestx

jr. member

Activity: 172

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What are people's thoughts on Nexo is it a safe place to put my BTC or is it a scam waiting to happen
I am thinking of moving my main BTC holdings from Coinbase and looking at alternatives nexo has caught my eye
I created an account but haven't deposited any coins yet

Topic: thoughts on Nexo? (Read 122 times)