Nexo invest 50K euro on this platform, secure?

[happyjohn]

Thanks to another thread, I have now created an account on nexo.com. I haven't seen any verification process yet, which surprises me, but if there isn't one, and it's normal, I feel even better about it.

https://nexo.com/
However, can anyone vouch for this platform if, for example, I were to invest 50K euros at a 5% interest rate for three months?

 

[JohnnyDoe]

It's one of the few survivors of the 2022 wipeout. I can't tell any bad about it, but I have learned the hard way to never again lend out my crypto.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[happyjohn]

Thank you very much for your post @JohnnyDoe it says alot. So you don't invest your cryptos in stacking only earn on day trading bitcoins or whatever you do with them?

 

[JohnnyDoe]

happyjohn said:
Thank you very much for your post @JohnnyDoe it says alot. So you don't invest your cryptos in stacking only earn on day trading bitcoins or whatever you do with them?
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I do stack crypto like ETH onchain, which is different than depositing crypto on an exchange in return for a %. I do not keep any stablecoin for more than a few days, just the minimum needed for executing payments or converting into btc.

I have already explained why stablecoins are a scam and/or a honeypot. I don't want to finance Deltec or the US Government (which are the same thing).

I use btc as a storage of wealth, I just play with the other coins and I don't recommend any as a serious investment.

Always keep your btc in cold storage!

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[diatessaron]

https://www.reddit.com/r/Nexo/comments/htx8ng/nexo_link_to_zeus_capital_fraud

 

[JohnnyDoe]

diatessaron said:
https://www.reddit.com/r/Nexo/comments/htx8ng/nexo_link_to_zeus_capital_fraud
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This seems quite an old story.
I still have something on Nexo for some reason:

While I'm not endorsing it, I appreciate how it survived all the past challenges.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[happyjohn]

JohnnyDoe said:
This seems quite an old story.
I still have something on Nexo for some reason:
View attachment 7725
While I'm not endorsing it, I appreciate how it survived all the past challenges.
Click to expand...

You say that Nexo is not to be trusted and that one should be cautious, yet you imply that you have around 500K USD in that wallet! Is that money you don't need and therefore don't care if they take off with it, or what should one conclude from your other posts about Nexo?

 

[diatessaron]

JohnnyDoe said:
This seems quite an old story.
I still have something on Nexo for some reason:
View attachment 7725
While I'm not endorsing it, I appreciate how it survived all the past challenges.
Click to expand...

The story is old, but they made a move against a coin so they could cause a massive sell-off that would burn a lot of their clients.

 

[JohnnyDoe]

happyjohn said:
You say that Nexo is not to be trusted and that one should be cautious, yet you imply that you have around 500K USD in that wallet! Is that money you don't need and therefore don't care if they take off with it, or what should one conclude from your other posts about Nexo?
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It's money that has been sitting there for a while and I don't want/need to move atm, because I don't need it and I don't want my good wallets to be polluted by a cex. Nexo offers a debit card btw.
The only conclusion to be drawn is that I preach what I teach 😉
I am doing the same with crypto.com

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[wellington]

happyjohn said:
Thanks to another thread, I have now created an account on nexo.com. I haven't seen any verification process yet, which surprises me, but if there isn't one, and it's normal, I feel even better about it.

https://nexo.com/
However, can anyone vouch for this platform if, for example, I were to invest 50K euros at a 5% interest rate for three months?
Click to expand...

Wouldn't touch it.

Connected to Bulgarian mafia either money or behind the scenes

Use a protocol instead

 

[happyjohn]

I'll pass on this as well, it seems far too uncertain. I can't afford to lose 50K euros, if you @JohnnyDoe can afford to lose 500K USD, that's your business. I'm not getting involved.

 

[clemens]

This thread could end up saving many people from a lot of frustration and significant losses. Thanks for the information, I will refrain from investing anything in this site.

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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity

 

[jafo]

JohnnyDoe said:
I don't want to finance Deltec or the US Government (which are the same thing).
Click to expand...

The Deltec case you mentioned a while back was eye-opening AF! After reviewing the docket sheet vis-à-vis Deltec, I changed my whole playbook. 😳

Sadly, I can't convince any of my buyers in Latin America to do the same. Some don't speak English well enough to read that case, and I don't want to "cadrai forte" (roughly translated for the Anglo-Saxons = come down too hard) on my buyers and turn them off/scare them away! doh948""
I said my peace...the USDâ‚® is now in their court! 😉

I have one who owns several malls (not just shopping centers, but HUGE 5-story malls) who is holding +8 digits in USDâ‚®. stupi#21
I tried to bring it up, but he quickly dismissed my concerns... hi%# Maybe he also has a deal with the US government since one of the largest US embassies is in his country.... who knows? 🙄

Anyway, thanks for bringing that case up a while back! I sleep much better now! 😉 😎

 

[AndyAresa]

wellington said:
Wouldn't touch it.

Connected to Bulgarian mafia either money or behind the scenes

Use a protocol instead
Click to expand...

hello, could you give more details, what protocol are you referring to?

 

[bigdaddyleon]

I recently borrowed fiat through Nexo and deposited Bitcoin as collateral, which worked well without any problems.

Personally, I wouldn't leave any money there, maybe Bondora Go & Grow would suit you better for fiat.

 

[JohnnyDoe]

bigdaddyleon said:
I recently borrowed fiat through Nexo and deposited Bitcoin as collateral, which worked well without any problems.
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Binance is better for that

bigdaddyleon said:
Personally, I wouldn't leave any money there, maybe Bondora Go & Grow would suit you better for fiat.
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It's just for pocket change: Every month, the first €1000.00 you invest will earn up to 6.75%* returns p.a. Everything over that amount will earn up to 4%* returns p.a.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[bigdaddyleon]

JohnnyDoe said:
Binance is better for that
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Thanks for the tip!

JohnnyDoe said:
It's just for pocket change: Every month, the first €1000.00 you invest will earn up to 6.75%* returns p.a. Everything over that amount will earn up to 4%* returns p.a.
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A few days ago, a campaign should have been launched to lift the monthly limit until the end of the year. This means that interest should now be paid on everything at 6.75 %.

https://imgur.com/kBVyFmZ

However, I am not personally invested with Bondora, I had only read the information in a group.

 

[wellington]

JohnnyDoe said:
Binance is better for that
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I wouldn't touch Binance these days with a ten foot barge pole.

 

[Mercury]

https://chainstack.com/tradfi-cefi-defi-bridging-new-frontier-fintech/
DeFi is not safer than CeFi.

Crypto comes with risks, just DYOR and invest accordingly.

 

[wellington]

Mercury said:
https://chainstack.com/tradfi-cefi-defi-bridging-new-frontier-fintech/
DeFi is not safer than CeFi.

View attachment 7730

Crypto comes with risks, just DYOR and invest accordingly.
Click to expand...

Once clicked a link on Twitter thinking it was the company and okd a transaction and observed as 50k was drained from a wallet lol

I will admit I was more impressed than annoyed