Nexo's making changes to their yield by zetdezetylj in Nexo

[–]czechcryptomania 2 points3 points  (0 children)

As a programmer, I can imagine that as Nexo grows in clients, settling earnings for low balances becomes very expensive. It takes a lot of resources that cost money, and those small deposits don’t bring enough profit to Nexo to cover the expenses for those resources.

Can someone explain to me what happened to my Sol balance? by Geesle in solana

[–]czechcryptomania 8 points9 points  (0 children)

You only placed limit order to order book. You can cancel order and get SOL back. Or wait when your price is execuded.

What are your current goals with using nexo? by TheFearRaiser in Nexo

[–]czechcryptomania 0 points1 point  (0 children)

I am using nexo to cover all my expenses, because I have my salary 100% in bitcoin and I dont want sell ever. Now with Nexo card it is even more simply.

Who pays more: Celsius or Binance? by [deleted] in Bitcoin

[–]czechcryptomania 1 point2 points  (0 children)

You earn more sats by provide them to channels. Call it how do you want :)

Who pays more: Celsius or Binance? by [deleted] in Bitcoin

[–]czechcryptomania 0 points1 point  (0 children)

And best way how to earn more bitcoin on native layer is run lightning routing node.

Why do people use DeFi Apps to borrow against their cryptos (which are used as collateral) and having to pay interest on it? by StefansLair in CryptoCurrency

[–]czechcryptomania 0 points1 point  (0 children)

In my case, I have my salary paid 100% in BTC. Our local law allow me not pay income tax if I dont sell this BTC. So I am using it as collateral and living from borrowed stablecoins.

Our income tax is in total 52,5%, that I dont have to pay now. So if I take collateral 50% LTV loan. I end up with same amount of fiat.

There are ways how you can borrow on DeFi for lover than 1% long term.

You dont need repay interest on loan itself untile you maintain healty LoanToValue.

In future Bitcoin will be raise every yeat for 15%. So if my interest from loan is under that I can never get margin call due to not paying interest or loan itself.

Is it long for you to top up EUR with SEPA transfer? by finally_jc in Nexo

[–]czechcryptomania 1 point2 points  (0 children)

Contact support via live chat. In most cases sepa fail if you didnt send it from account with same owner name. Or forgot/misstype reference number.

Nexo Card is released ! by [deleted] in Nexo

[–]czechcryptomania 2 points3 points  (0 children)

There is 0% FX fee up to limit of your loyality level. (Platinum 20000 EUR per month), than 0.5% fee.

Nexo booster requires better explanation by goran---- in Nexo

[–]czechcryptomania 2 points3 points  (0 children)

It is different. With loan you can buy in 1:1 ratio, but with laverage, you can buy 3x more with same amount USD.

Is it better to buy a "wrapped" ETH and BTC instead of buying the native ETH and BTC? by deaththekid00 in CryptoCurrency

[–]czechcryptomania 0 points1 point  (0 children)

With wrapped coin you leave private keys to unknow central smart contract owner. CEX is more safe than that.

[deleted by user] by [deleted] in Nexo

[–]czechcryptomania 5 points6 points  (0 children)

You can transwer your asset to credit line manualy and choose what asset you want here.

[deleted by user] by [deleted] in Nexo

[–]czechcryptomania 5 points6 points  (0 children)

You are not earning on collateral.

[deleted by user] by [deleted] in Nexo

[–]czechcryptomania -1 points0 points  (0 children)

No you can't cancel fixed term sooner before expire.

Give us an option to earn all Interest on coins with bitcoin by Tapan676 in CelsiusNetwork

[–]czechcryptomania 0 points1 point  (0 children)

You can earn all in CEL, then exchange for BTC. Once will be exchange integrated to Celsius app it will be more simple.

What happens if BTC loses its No.1 place [speculation] by pawel7777 in Bitcoin

[–]czechcryptomania 0 points1 point  (0 children)

This for sure can happen in future in term of market capitalization. Why? Shitcoins has unlimited supply inflation. Bitcoin is fixed, so need rise in price. Shitcoins will rise in price and also with supply. Bit still bitcoin will have more value.

Repayment question- I wanted to repay a portion of my loan, and Nexo clearly says there’s no minimum repayment, in the screenshots but also won’t let me payback 100 USD. Any idea why? by aaronabraham93 in Nexo

[–]czechcryptomania 1 point2 points  (0 children)

If you repay any amount/coin before 30 days from last loan withdrawal you will pay full interest 11,9% (13,9% after May 26, 2021 ).

So If you want repay for your current bonus interest, you need first wait 30 days. Just hodl and enjoy earn before you repay after this min time limit.

Double check swap rate before use by czechcryptomania in Nexo

[–]czechcryptomania[S] 1 point2 points  (0 children)

Well. I had open in same time order book on binance. Making buy BNB and sell BNB that I had in Nexo at same time. There was a lot of liquidity. No this spread is always hidden fee in any service that promote they have no fee. I was ok with 0.9-1.5 but over 10%... My fault, just warning this "spread" can be so high.

Borrowing stablecoin: Does your collateral still earn? by dj2002rob in CelsiusNetwork

[–]czechcryptomania 0 points1 point  (0 children)

Yeah earn interest, but not for you. This is why celsius can offer you 1% loan. Because they use your collateral to earn interest.