Earn 13% Interest with Stablecoins on Nexo (Tutorial)

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Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions. This video, post & article should not be construed as investment advice. Capital at risk.
Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links, at no additional cost to you.
In this video, I'm diving deep into how you can earn up to 13% interest on your USD using stablecoins on Nexo. 💰
What You'll Learn:
What are Stablecoins? For example USDT. Understand the basics of stablecoins and how they differ from other cryptocurrencies.
How to Get Stablecoins: A step-by-step guide on purchasing and storing stablecoins securely.
Earning Interest on Nexo: Learn how to use Nexo to earn up to 13% interest on your stablecoin holdings.
Potential Risks: An honest discussion about the risks involved and how to mitigate them.
Why Watch This Video?
In today's low-interest environment, finding ways to maximize your savings is crucial. Stablecoins on Nexo offer an exciting opportunity, but it's important to know the ins and outs before diving in. This video is your all-in-one guide to making the most of this opportunity while staying safe.

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1 окт 2024

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Комментарии : 59

@SmartMoneywithKai 3 месяца назад

🔵 Open your Nexo account with my link & get $25 worth of Bitcoin smartmoneywithkai.com/nexo

@zanavbelj 3 месяца назад

Hmm wonder how I didnt get the bonus, using your link

@SmartMoneywithKai 3 месяца назад

Hi, thanks for using my link and just in case, for the UK it seems to sadly not work, otherwise you would need to keep a balance of at least USD 100 for 30 days in your account 👋 On top you can earn even more BTC bonus based on some tasks that you can accomplish as mentioned on the landing page you see via my link. Cheers

@redmondsweeny5876 16 дней назад

Love the videos Kai! I signed up based on your video but did it without your link - can I enter your code somewhere so you get the credit? I signed up yesterday

@SmartMoneywithKai 16 дней назад

@@redmondsweeny5876 Thanks a lot, really appreciate it. Sadly only via the link, but no worries, appreciate the gesture. Enjoy the platform 🙌

@AndyRoma68 3 месяца назад

Finally another Nexo video I'm using all my money euros with Nexo and earn enough interest to buy my weekly pizza 😊 The Italian account in ING Bank give 4% annual, minus taxes, so f....k off banks

@SmartMoneywithKai 3 месяца назад

Hi Andy, thanks a lot and 😂😂😂 I feel you, my local bank pays me 0% interest but charges me a monthly fee to have my account there 🙈 Cheers my friend 👋

@markomestrovic7560 3 месяца назад

16% with fixed term and earning in Nexo, very good

@SmartMoneywithKai 3 месяца назад

It really is, thanks Marko 👋

@downslow7128 2 месяца назад

Hi Kai, is there a balance limit when lending my usdt on Nexo ? And what is the maximum amount i can lend on Nexo ? Let's say i have 3 million usdt, can i lend all of it in once ? Thanks

@SmartMoneywithKai 2 месяца назад

Hi there. On Nexo, there isn't a strict balance limit for lending USDT, but there are practical considerations based on market demand and platform limits. Typically, the maximum you can lend depends on the overall liquidity and demand on the platform. For a large amount like 3 million USDT, you might need to check directly with Nexo's support for specifics. They can provide guidance on lending large sums and any potential restrictions. Cheers

@lti9905 3 месяца назад

I can only hope Nexo returns to the US. Great platform.

@SmartMoneywithKai 3 месяца назад

100% agreed, hopefully soon, but seems politicians over there are all becoming crypto bros these days 😂

@campidelli 2 месяца назад

How can we audit the financial health of Nexo? I would love to use it as my savings account but I am afraid it could go bust. Cheers!

@SmartMoneywithKai 2 месяца назад

Hi, sadly there is never a full guarantee but you can check this page for more real time data platform.arkhamintelligence.com/explorer/entity/nexo

@lawrencer25 3 месяца назад

😂😂 I have been with Nexo for many many years , as i told you . You decided to leave as you didn't trust nexo . Now your sounding like a super fan . Bit of a hypocrite 😂😂😂😂

@SmartMoneywithKai 3 месяца назад

Hi Lawrence, thanks a lot and I never left them fully, but yeah, leaving €100K of Bitcoin there would not be the smartest as we've seen with FTX and Celsius so better safe than sorry, that's why I keep them on my Ledger instead, but also kept my Nexo account and some funds there. Now especially in a bull market it makes perfect sense to use, but once we enter another crypto bull market I would not leave €50K of stablecoins there for sure, but for now it is a great offering, gotta stay dynamic and make smart money moves 😉 Cheers my friend 👋

@Cashpacker 3 месяца назад

Finally another crypto video 🎉 i think too that stable coin lending is very attractive. You get the interests in 1/3 of time compared to the Fiat world. What do you think about the plutus Card vs Nexo? More Cashback but way less Price Development 🧐😃 Stay at the crypto content 🙋🏻‍♂️

@SmartMoneywithKai 3 месяца назад

Thanks a lot, really appreciate that 🙌 Yeah the interest is really attractive. I used Plutus a few times but somehow never got into it and yes, the price devaluation of the token has been massive, Nexo compared to BTC also did not do too well but at least much better than Plutus so will stick with them for now 😉 Good to hear you enjoy the Crypto content, always very hard to balance as usually they don't tend to perform too well on my channel, but I personally am also very interested in this topic so will keep posting a bit of everything 🙌

@paulevans1139 3 месяца назад

Great informative video as usual Kai, I used your link to sign up to Nexo, but says it's not available in your country!! I'm in the UK 🤷‍♂️🤷‍♂️

@SmartMoneywithKai 3 месяца назад

Hi Paul, appreciate that. Sadly due to UK regulations it seems at this stage Nexo can't offer all services to UK clients. This is what I found from another user 'All I can say is that Nexo is petty much obliterated of features for existing UK customers. We still get interest, but no Cashback on the exchange, no cashback on purchases, no access to promotions, no referrals, no Nexo pro, no booster, no dual investments. But despite all this, it’s still a good platform that I’ve used for years. Shame they lost their real time attestation of funds, hopefully their more risky products haven’t exposed their financial position.' Hope they will fix it soon 🤞 Cheers

@arno4236 3 месяца назад

I already have Nexo for 2 years. Stable and until now it survived so If it could survive the bearmarkte it will definitelty survive now

@SmartMoneywithKai 3 месяца назад

Hi, Arno, great to hear and agreed, they've been doing extremely well through all these turbulent times so kudos to them. As Crypto continues to grow and see further inflows they should be in a good position going forward 👌

@remcovandijken 3 месяца назад

Remember: not your keys, not your crypto. I have also an account on Nexo, but use it only for some monthly payments, not for huge amount of money.

@SmartMoneywithKai 3 месяца назад

100% agreed, that's why I also have all my BTC off the exchange 👌

@dr6tarou 3 месяца назад

Well done for video like that but I have one question how sustainable are those interest rates ? When the fiat money are only 3-4%?

@SmartMoneywithKai 3 месяца назад

Thanks a lot. Good question, they are more linked to the demand of USDT and stablecoins in general rather the FED, EZB, etc. and we've seen even in bear markets people getting more interested in stablecoins so while there might be adjustments along the way, they should remain high and much higher than FIAT for sure 👌

@marks9347 2 месяца назад

Hi, Kai. I noticed that the withdrawal fee is 1,99% which seems way to high for me. 200€ fee for holding and withdrawing 10K€ is a bit too extreme. Do you have any recommendations or alternatives for that? Thanks!

@SmartMoneywithKai 2 месяца назад

Hi Mark, fully agreed 2% is way too high. I am on Platinum plan so I do get one free withdrawal per month which is ok for me plus I actually don't sell any, just move it to my hardware wallet. You could have a look depending on your coins you hold you could send those for cheaper to another exchange like ByBit or Bitget and withdraw from there potentially for free. Or consider buying some Nexo token to become Platinum and benefit from higher interest and free withdrawals 👌 Cheers

@marks9347 2 месяца назад

@@SmartMoneywithKai Thank you! I will look into that.

@AshAbubaker 2 месяца назад

Hi, thank you for the valuable insights. If you borrow Fiat in Nexo, can you repay that loan in stablecoin/Bitcoin or the loan repayment has to be in the same currency format?

@SmartMoneywithKai 2 месяца назад

Hi and my pleasure. As I understand it needs to be repaid in the same currency 👌

@AshAbubaker 2 месяца назад

@@SmartMoneywithKai thank you

@paulevans1139 3 месяца назад

Thanks for the reply and explanation 👍🏻

@SmartMoneywithKai 3 месяца назад

Anytime Paul 👋

@gcirc 3 месяца назад

All in baby

@SmartMoneywithKai 3 месяца назад

Let's goooo 💪

@SnipzSmooth 3 месяца назад

Thanks, Kai

@SmartMoneywithKai 3 месяца назад

My pleasure, anytime 👋

@eelm2079 2 месяца назад

video above from you said you're leaving nexo...

@SmartMoneywithKai 2 месяца назад

Yea, quite an old video which I made during the police raid, always good to be safe than sorry as we saw what happened with FTX and co. I never said I close my account just removed all funds. Now that they did so well over the years and Crypto markets recovered I put more money back with them, though majority is still in cold storage 👌

@aymanrbati531 2 месяца назад

Isnt dollar gonna drop if Trump got elected ?

@SmartMoneywithKai Месяц назад

Hi and I guess nobody knows. Personally I doubt it will drop much, maybe temporarily, but long-term I still think it will be a much stronger currency than most others. Cheers

@henrywickstrom5011 3 месяца назад

I've chosen to just create euro fixed-terms (EURx). On Platinum and outpay in Nexo, this amounts to a 15% interest rate. If one is interested specifically in holding dollars, one could get the same 15% with fixed-term for USDx holdings. Platform risk is always there, but considering past stablecoin failures, I just don't see any sense in holding them against the actual currency on Nexo.

@SmartMoneywithKai 3 месяца назад

Great choice and definitely a fantastic option, just keep in mind, it's still a stablecoin, but instead from Thether, it's from Nexo 😉 'EURx/GBPx/USDx means a EUR/GBP/USD stablecoin, asset-backed by Nexo, with a guaranteed 1-to-1 conversion to EUR/GBP/USD at all times.'

@henrywickstrom5011 3 месяца назад

@@SmartMoneywithKai Indeed! It is Nexo's guarantee that they have my money, but I put it in the same category as "Platform Risk" :)

@Sveipeisen83 3 месяца назад

Hello Kai For me personally i will only use Nexo for the credit card, and stake for earnings in usdt or Euro for nexo token as you do. From my daisy smart contract withdraws/deposit i think i use binance for convert/swap for zero fees and fiat deposit from NBX which has zero fees to binance and to tronlink to my smartcontract, is that good choice? Keep on posting Nexo videos, cheers. Sincerely from Norway.

@SmartMoneywithKai 3 месяца назад

Thanks a lot and great to hear that, makes total sense. I'm not using tronlink/daisy can't comment, but if you have zero fees on it then it's perfect. For swapping tokens, Binance/Bitget, etc. are indeed much cheaper than Nexo, but if you don't trade too much or are Platinum then it's not too bad or use Nexo Pro, which is free to use and fees are much cheaper. Will definitely make future videos around Nexo and potentially also review other platforms 👌 Cheers

@Sveipeisen83 3 месяца назад

@@SmartMoneywithKai What i meant was, i dont trade i have just two smartcontract platforms which is connected trough tronlink where i withdraw from. So for me i think that way is cheaper for me, since i have to swap in binance and into norwegian NBX Exchange. But yea, the creditcard is what im interest in Nexo, when my profits are big im getting in for that creditcard and building up loyalty Gold💰💰💰