Nexo Financial LLC Nexo Financial Services Ltd., Nexo Services Ou, Nexo AG, and Nexo Capital Inc. (Collectively referred to as Nexo) Location: Internet The House Always Wins......Nexo is not a company I care to do business with going forward! hawthorne ca
At face value, Nexo seems like a good idea. Easy loans, good interest. BUT -- beware. Their terms change on a whim, and you're just never sure of what you're going to get - or not get. I don't know of any business -- financial or otherwise -- that plays their cards like this, and there is always a ready Joker in their hand. I made the decision to take my funds out of Nexo once I saw how they handled the recent XRP liquidations -- and I believe there is a class action lawsuit pending from what I see on Twitter and Youtube (look it up).
From what I gather, the people affected were not given the crucial information that they needed to save their coins -- NOR any notice of the major Sell-Offs that rolled on. Above all, in finances, I value transparency first -- and this is not a company I care to do business with going forward. Just leaves a bad taste. And what is 8% interest worth -- if you lose sleep over when the terms will flip and how it will affect you and your precious crypto? No thanks, Nexo. Celsius, here I come.