like many people, I hopped onto the crypto hype train earlier this year. I'm very bullish on BTC and ETH, and Nexo has become my favorite place to park crypto to earn a little.
the price movement of Nexo Token has sketched me out a little, but I remain hopeful. While I can see it exceeding its recent ATH of $4, I was a bit frightened watching it fall to nearly $1. I also know we have yet to have access to Nexo cards and in-app Nexo token swaps in the USA, and I remain hopeful for the effect these events could have on its price.
I really wish we could get in-app price charts / anything to help us track price movement more easily.
I would also be ecstatic if Nexo accepted U2F security keys like Yubikey for 2FA. I don't keep all of my crypto in one place, but I would happily move more assets to Nexo if I could keep even more of a tight security grip on my Nexo account. I basically use them as my bank at this point.
On that note, as someone that's currently in the process of rebuilding his credit, it's amazing having such a high-yield environment to collateralize a loan for myself. I just took out a small loan for myself recently to finance the purchase of a new computer, and I don't even have to worry about getting liquidated - it's collateralized 100% with stablecoin. I made sure to leave a split with my stablecoin in a ratio that leaves me earning interest at a greater rate than I accrue it, so until rates change I'm still making more.
Overall I'm very happy with the customer service I've received, too. A few months ago I locked myself out of a credential management tool that stored all my 2FA secrets - locking me out of my Nexo account. 3 months later IM STILL WAITING for ANY sort of response from Binance.
Nexo got me up and running within 2 days. I'm happy so far, but there are definitely areas for improvement with price tracking tools and account security measures.