I haven’t been using Nexo for a long time and have been using other services until now, a few of them with a few restrictions since the Debit Cards for this services are not usually available in Ukraine. Although with the war, I’ve been given the chance to use Wirex and having more complete solutions overall since they accept the KYC’s now, at the same time, we know what happened with services like Celsius, Wirex has a big rate of interest, but they aren’t very transparent how they can get 10-20% APY which seems to good to be true and when that question was asked to them on Twitter, they said they can’t say anything since it’s an internal information and they can’t say, which leaves me at a step behind from using their service. People have told me, to avoid Nexo as well and I have seen many stuff but I would like to step up myself and ask how safe can it be using Nexo? Since APR’s are also high and there’s much of shady stuff lately, again.
(I’m sorry for the long message.)
Hi! You can read more about Nexo's outstanding security and fundamentals here, but if you have any specific questions feel free to ask in the group: https://nexo.io/security?utm_source=twitter&utm_medium=post&utm_campaign=twitter_post_fundamentals_page_2006_q222
Thanks. And sorry for the delayed answer, since the Telegram seems to restrict an hour after each message (Probably spam measure). There seems to be at least more transparency than Wirex has, which is a good thing. And the daily payout, seems a good thing. I’ll be in between wirex and nexo to choose as a platform for me, I can choose after a month, since I did pay for Wirex 😅 thank you for the answer
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