Is Nexo Safe? 🧐 Or Is It A Scam?

Nexo is one of the hottest crypto lending sites, with lots of mentions from trusted websites such as Forbes, but does it live up to its claims of 12% interest per year with insurance of your assets and the ability to withdraw your funds anytime you like? 🤔 In this video, we dive deeper and take a look at Nexo behind closed doors.

------------------

00:00 Nexo Review
00:51 What is Nexo?
02:16 Where is Nexo based?
03:15 Is Nexo regulated?
04:12 Nexo's insurance
04:48 Armanino audit
05:28 Nexo's team
07:00 Terms and conditions
08:13 Important Events
10:27 Our opinion about Nexo

------------------

#nexo #review
------------------

Follow us on Social Media:

------------

Disclaimer:

This video is NOT sponsored. Some product links on our website are affiliate links which means if you invest we'll receive a small commission.

-------------

Liability Waiver:

P2P Empire, Jakub Krejci, and all other associated persons including but not limited to independent contractors, employees, and affiliates, research and review all content for this site to the best of their abilities but make no guarantees, representations, or warranties as to the complete accuracy and inclusion of all relevant information for each video, including but not limited to all video streams, suggested and provided links and resources.

All information on this channel is for educational and informational purposes. It is not intended as a substitute for professional advice. Should you decide to act upon any information on this channel, you do so at your own risk.

While the information on this channel has been verified to the best of our abilities, we cannot guarantee that there are no mistakes or errors. It is your responsibility to verify any offers presented on this channel with third parties, which they are associated with.

----------

About P2P lending:

P2P Lending is considered a high-risk investment form, that can lead to a total loss of investor’s money. If you decide to participate in P2P lending you do this at your own risk. Each P2P platform, as well as its stakeholders, are subject to risk. Read the terms and conditions as well as the user agreement of individual P2P platforms and conduct your own due diligence to fully understand the protection and risk connected to P2P lending.

[FxAndrej]

Finally, a proper research-backed review. Thank you.

Most reviewers are useless - they just scroll through the website of whatever platform, read aloud what everyone can see for themselves anyway, and give their shallow opinions like "yeah, so I feel this platform should be safe, given they say some stuff about insurance and collateral and security".

You are the only one I know who reads through the T&Cs, investigates, evaluates, and checks what stands behind the marketing fluff. Diky moc!

[tomasj]

the fact that they are from Bulgaria and pretending to be from London is a huge red flag, 2nd red flag their founder is a member in parliament in Bulgaria, when having ties with Lithuania, those 2 countries are rotten in corruption, laws don't apply to wealthy out there. its a big no for me, they are a definition of Ponzi scheme, seen that happened many times. thanks for a great video good investigation.

[xxvietblood]

Thanks for the review! I have been using their platform for quite some time now. I have withdrawn, taken lines via line of credit and it acts as my crypto banking service all in one. I did re-visit the risks associated with my investment and this video was extremely helpfu.

[RVRSABLE]

Crypto needs more deep dives like this. 👍👊

[matthewklim]

I have used nexo for nearly 2 years, I had no issues but I had no xrp on the platform

[Mo-njfr]

Almost 1.5 with nexo. Shorted a couple times. Also toke a loan and paid it back. I see no problem.

[matteoribaldone]

The analysis is great. It's very hard to find people on YB that provide real-world relevant infos'. Bravo!

[ElyziumPrime]

The devil is in the details... outstanding Job young man.

[AndyRoma]

Nexo is absolutelly the best and safest crypto wallet and exchage. SO FAR.
But even if you put money in a normal bank account, you have a minimum risk.
Nexo has 775 usd of Lloyd's insurance, just in case. Using Nexo just a year now, borrowing money, using Credit Card, buying and swapping, no problem so far.

[Crazyfish]

The terms and conditions are available for anyone on the website, prior to taking out a loan.

The custodial assets are insured by $350, 000, 000. It states this on their website and I've confirmed it with one of their agents. Your assets might not be in cold storage but they are insured.

[Galaxia]

Thanks for giving an honest review on the website. Finally found a review that's not sponsored by them

[joarvatnaland]

Thank you. I think that Nexo falls in under the "if it sounds too good to be true, then it isn't". I would stay away.

[Animawoods]

One of the most important for reviewing an app is that the website they manage is good, dedicated, informative and professional.

[flamegar]

Concise and able to articulate your points for any average person to understand. Thank you!

[ETvoice]

Thank you very much for this in-depth review of the platform

[webdirector]

I am impressed with the amount of depth of your video and the research involved in creating this very informative video. You have helped me make my decision regarding my use of the Nexo platform.

[richardstevens]

A very useful presentation. I had some coins on Nexo until Celsius filed for bankruptcy then decided to take them off to be on the safe side. I'm considering Nexo again but after watching your video, I will probably decide to give it a miss.

[maoa-cdh]

😳 This video is like experiencing the “Santa Don’t Exist” situation all over again but now at my almost 50’s!!! 🎅🏿

[Cokebadger]

Great investigative lot of deep dives there and many hours of research done.

[Sabinero]

Amazing due diligence! Thank you for the review, keep on with the good job!