Nexo Review for Crypto Loans and Bitcoin Loans and Crypto Cards: MCO Visa, TenX too

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Intro

What if Nexo had more than $100m USD worth of YOUR assets? More than their centralized bank-backed insurance fund protects?

What if Nexo began speculatively investing YOUR funds into third-party protocols, putting the capital at risk — or even losing substantial amounts of it?

What if Nexo, Monaco (MCO) or TenX bailed with all your funds — in massive exit scams the likes of which we have indeed seen before, at Mt. Gox or QuadrigaCX?

What are the alternatives for collateralized loans — where can we hedge our crypto assets, using Bitcoin or Ether or other underlyings to draw tax-friendly income?

Read on…

Centralized Off-Chain Crypto Interest on Holdings — and Collateralized Loans Against Crypto — Seems Like a Great Idea

While Nexo and Nexo clones offer some great incentives to help you feel safe & secure handing over your hard-earned crypto, like a $100 million insurance fund or tax-friendly income while not spending your assets — there are huge pitfalls to trusting The Man with your units of value… with YOUR money.

Sure, someone may be in the position where they hold 1 BTC and want to earn a % of that 1 BTC back from an…