Nexo
Coverage of Nexo in the Nexus archive.
- Crypto cards are everywhere now. Which one do you actually use and why?
The article discusses the growing market of cryptocurrency debit/credit cards and asks users which cards they actually use daily and why. The author shares personal experiences with Coinbase, Crypto.com (CDC), and Nexo cards, highlighting their respective strengths and weaknesses before inviting community feedback on their preferences.
- Crypto Wealth Firm Nexo Sponsors $3 Million Golf Tournament at Trump International Scotland
Nexo sponsors a $3 million golf tournament at Trump International Scotland, increasing the prize pool for the DP World Tour's Nexo Championship. The event will be hosted at Trump International Golf Links. The championship is part of the DP World Tour.
- Is DCA-ing a second income into crypto actually a viable exit strategy?
The author is considering using a side gig to invest in crypto as a viable exit strategy, having already seen a 2.5x return on their initial investment. They are looking for a low-maintenance approach and are currently using Nexo. The author believes the market is in a perfect accumulation phase.
- how do you guys pick where to stake
The article discusses various staking platforms, including Margex, Kraken, and Coinbase, and the author's experience with them. The author is considering trying other platforms and asks if others use multiple platforms. The list of top 12 staking platforms for May includes some recognizable names and some new ones.
- Crypto cards are getting better, but which one is actually worth using?
The article compares various crypto cards, highlighting their differences in fees, spreads, region support, and cashback caps. Nexo and Crypto com are noted as better options, while Coinbase is a simpler choice for US users. The best crypto card is one that works cleanly for daily spending without eating into rewards through fees.
- Most crypto cards are just debit cards with extra steps and maybe that is the problem
The article discusses the limitations of crypto cards, feeling like debit cards with extra steps, and not truly representing mainstream crypto adoption. Crypto cards have tradeoffs such as convenience, safety, and flexibility. They may not solve anything if the money starts on-chain.
- 12H 200 MA Six weeks ago one chart changed how I was thinking about BTC. The thesis is still intact.
The article discusses a chart signal that changed the author's thinking about Bitcoin six weeks ago, which still supports a potential rally to the 90K region. The signal was BTC reclaiming the 12H 200 MA, a level that had acted as a ceiling for six months. The price has since ground from the low 60s to above 80K without panic or a blow-off top.
- which crypto card are you using
The author is comparing various crypto cards, including Crypto.com, Bybit, Nexo, and Wirex, and considering their cashback tiers and rewards structures. They are unsure which one is worth using due to limitations and complexities. The author is looking for the best option with favorable terms.
- My crypto card got blocked while I was abroad. After that, I tested five more and here’s what actually works
The author recounts their crypto card being blocked by Bybit while in Thailand, leading to a loss of funds. They evaluated five crypto cards (KAST, Bybit, Gnosis Pay, Ready/Argent, Nexo), prioritizing non-custodial solutions and highlighting trade-offs like custodial risks, cashback structures, and on-chain requirements.
- What would you tell someone about to make their first crypto buy right now?
The article discusses shifting advice for first-time crypto buyers, emphasizing simplicity by recommending Bitcoin (BTC) alone and avoiding distractions like Discord groups or speculative coins. It also highlights the importance of using crypto loans instead of selling assets to cover expenses, a strategy the author attributes to improved long-term outcomes.
- If you had to start over with $1,000 in crypto, what would you do differently?
The article reflects on past cryptocurrency investment mistakes, advocating for concentrating $1,000 in Bitcoin (BTC) instead of diversifying across multiple coins. The author emphasizes dollar-cost averaging (DCA) and avoiding crypto Twitter to avoid impulsive trades.
- Foundation distributed 27k ETH this week. BitMine staked 112k. What are we actually watching here?
The Ethereum Foundation (EF) staked ETH up to its target, then sold 10,000 ETH OTC to BitMine and unstaked 17,035 ETH via Lido. BitMine and Grayscale staked nearly $500M of ETH during the same period, raising questions about coordinated institutional demand and EF's role in ETH price dynamics.
- Difference between Crypto Debit Card and Crypto Credit Card.
A crypto debit card converts digital assets to local currency for purchases, depleting the crypto balance, while a crypto credit card provides fiat credit backed by stored crypto, allowing users to retain their assets. Examples include Nexo and Bitpay for debit cards, and Kast and Gemini for credit cards.
- If you could delete one piece of crypto advice that beginners keep hearing, what would it be?
The article criticizes the common crypto advice 'never sell, just HODL forever,' arguing it promotes lazy thinking and encourages holding through bear markets without strategy. The author advocates for a more proactive approach, such as using assets as collateral or taking profits, to actively manage a portfolio. The piece emphasizes the importance of having a clear plan for crypto holdings rather than passively holding assets.
- Unpopular take: geopolitics is the new halving
The article argues that Bitcoin's price movements are increasingly driven by geopolitical events, such as Trump's ceasefire and Iran's actions in the Strait of Hormuz, rather than the Bitcoin halving. It highlights Bitcoin's growing correlation with US equities due to institutional involvement and suggests a long-term bullish outlook if geopolitical stability and Fed policy improve.
- What's the longest you've held a single position without touching it, and how did it turn out?
The user has held Bitcoin (BTC) for nearly three years without selling, purchasing during the 2022 market downturn and enduring the bear cycle. Despite near panic selling at $15k, they maintained their position, now experiencing a rollercoaster of emotions as BTC recovers.
- What's the dumbest crypto decision you made that accidentally worked out?
A Reddit user shared a story of taking a leveraged crypto loan on Nexo in 2022 to buy BTC before a market crash. Despite the risky move and near-liquidation, Bitcoin's eventual recovery allowed the user to pay off the loan and profit, attributing the success to luck rather than planning.
- How a Lombard Loan against BTC actually works at a Swiss private bank (bank-custodied)
The article compares Bitcoin collateralized loan options, highlighting risks in DeFi (e.g., Aave's rsETH exploit causing $177M+ losses) and CeFi (e.g., Nexo's custodied BTC loans) versus safer Swiss private bank custodianship. It emphasizes trust in centralized wrappers like WBTC and cbBTC, and the vulnerabilities of pooled collateral and oracle dependencies in DeFi.
- Strategy just dropped another $2.5B on BTC while everyone was panicking over the Aave mess
Strategy purchased $2.54B worth of BTC (34,164 units), surpassing BlackRock's ETF holdings, while DeFi issues like Aave's 200M bad debt failed to impact Bitcoin's resilience and institutional buying. ETF inflows remain strong, and Bitcoin's stability contrasts with past market reactions.
- Has anyone else... stopped trying to force trades?
A trader discusses frustration with current market conditions, describing frequent fakeout price movements and a shift from active trading to passive strategies. They mention using Nexo for yield generation while waiting for meaningful trends and question if others have also reduced trading activity.
- White House basically admitted a stablecoin yield ban wouldn't even help banks
The White House study concluded that banning consumer-facing stablecoin yields would not protect traditional banks but would hinder innovation and push retail investors back to traditional finance. The CLARITY Act is gaining momentum as regulatory bodies coordinate support, while institutional blockchain deals like Ripple's partnership with Kyobo Life highlight ongoing infrastructure development.