Only Nexo Will Survive Crypto Contagion?! 😱
Get $100 in Bitcoin! | Nexo Welcome Bonus: nexo.sjv.io/c/2871688/1292244...
CeFi platforms are collapsing like dominoes - but Nexo might be one of the few actually operating with strength. Can we believe that they're as healthy as they claim to be, and if so, will they become leaders in the space when it's all said and done?
00:00 - CeFi Crypto Contagion
2:19 - Nexo's Celsius Acquisition
3:32 - Nexo Overcollateralization
4:24 - Nexo Real-Time Audits
6:40 - How Strong is Nexo? (ACTUALLY)
8:57 - Watch Next
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I previously compared Nexo and Celsius as interest-earning platforms and decided I liked Celsius more, which is a decision that isn’t looking so good lately. It still feels too early to make any big decisions here, but I’m actively re-assessing the risks of all these CeFi platforms that I previously trusted without concern. Nexo is a platform that I’ve always liked, but fell just a little short of Celsius. While I don’t see myself ever going all-in on one of these platforms again, so far, Nexo seems to be doing the right things while red flags are appearing with many other platforms. And if their promotional materials are to be believed, they might become one of the bigger players in the space when it’s all said and done.
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This video is meant for informational purposes only, and is not a recommendation to buy or sell any security or cryptocurrency. It is also not a research report and should not serve as the basis for any investment decision. Additionally, I earn commissions for purchases and sign-ups made through the links above.
Пікірлер: 27
Get $100 in Bitcoin! | Nexo Welcome Bonus: nexo.sjv.io/c/2871688/1292244/12544
It's such a simple and winning principle: strict collateralisation = cautious risk management. Well done, Nexo!
@ValueForInvestors
2 жыл бұрын
Honestly, yet so many have gotten it wrong 😂
Really enjoying your content, Tyler! Do you have any thoughts on the relative strength of the Vauld lending platform?
@ValueForInvestors
2 жыл бұрын
Thanks! I'm not familiar with Vauld, but I don't really trust any lending platform right now 😅
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Great video
@ValueForInvestors
2 жыл бұрын
Thanks! 🤝
Nostradamus
do you skill work at facts verse ? Do you guys ever get in trouble for using movies clips directly from youtube ?
@ValueForInvestors
2 жыл бұрын
yes & no. The worst that happens is a single video gets demonetized - but we can fix it and try again before it launches. You have to be strategic but it's not hard to avoid
@danishnaeem2514
2 жыл бұрын
@@ValueForInvestors Copyright is ok but if we get strike automatically from youtube system for uploading directly from youtube
So are you moving youre money to NEXO?
@ValueForInvestors
Жыл бұрын
No, for 2 reasons: 1. I don't trust anybody anymore (the Nexo proof of reserves still lacks the full transparency I'd like to see) 2. Nexo no longer pays interest to US residents
Even though I didn't lose a lot, I lost a lot of total money from Celsius and Voyager combined. Trust me brother, pull everything out, the income you make from these platforms is not worth it. I bought a ledger, and I can still stake directly from it, but all of my crypto is now offline.
@ValueForInvestors
2 жыл бұрын
I'm doing the same thing 🙏
@WealthBuildersInvest
2 жыл бұрын
@@ValueForInvestors oh good!
@arthurdaley3116
Жыл бұрын
How do you stake from ledger please?
@WealthBuildersInvest
Жыл бұрын
@@arthurdaley3116 It depends on the crypto. Go to the crypto on your ledger, and on the top left you should see "stake" or "bond" depending on which one. Some crypto's need to be connected to a decentralized exchange directly, like Cardano.
@arthurdaley3116
Жыл бұрын
@@WealthBuildersInvest I haven't got a ledger yet, which one do you suggest please?