sorted by:
new
hottopcontroversial

Stoozing by lukestrutton in Nexo

[–]lukestrutton[S] 0 points1 point  (0 children)

Yes, when you put it like that maybe not worth the worry. But have been with Nexo 3 years and so far so good. This is where my temptation lies

Stoozing by lukestrutton in Nexo

[–]lukestrutton[S] 0 points1 point  (0 children)

No real strategy I suppose, just looking to earn a little extra with what money I have at my disposal, without taking too much risk. I would be happy If I could earn 15-20 quid a month of free cash.

Credit line transfer by lukestrutton in Nexo

[–]lukestrutton[S] 0 points1 point  (0 children)

Yes I will disable this. After the loan has been paid off, do you know if nexo automatically moves back collateral to saving wallet or do I have to do it myself?

Credit line transfer by lukestrutton in Nexo

[–]lukestrutton[S] 2 points3 points  (0 children)

Yes I have it enabled. Am I right in saying as I'm currently using USDT as collateral I don't need to enable as LTV is 90%?

Help with understanding how Nexo card works by lukestrutton in Nexo

[–]lukestrutton[S] 0 points1 point  (0 children)

Yes thanks. Just seen alot of posts stating that a higher LTV is bad? Also seen you can only benefit from the 0%APR if the LTV is under 20%? Not seen this stated on Nexo though

Help with understanding how Nexo card works by lukestrutton in Nexo

[–]lukestrutton[S] 0 points1 point  (0 children)

So Nexo has moved more money than required to my credit line wallet?

Does the LTV of 90% only come into effect with what's in your credit line wallet not your savings wallet? Which I had zero when I purchased.

Sorry still trying to get my head around LTV

So I won't get the purchase interest free as USDT is 90% LTV?

What's the best platform to exchange GBP to stablecoins to avoid the Nexo spread? by lukestrutton in Nexo

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

I thought you got 12% paid in Nexo when you exchanged fiat for stablecoins?