Is Nexo Safe For Earning Crypto Interest?

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In this video, I discuss whether Nexo is a safe place to deposit crypto and earn interest.

I conclude that it is not, due to their misleading discussion of their insurance coverage, as well as the risk of a lawsuit stemming from the way that the Nexo token was distributed.

Not investment advice! Consult a financial advisor.

Are BlockFi, Celsius, or Gemini Earn Safe?
https://www.youtube.com/watch?v=NzCeC_NpIEg&ab_channel=TraderUniversity

Nexo:
https://nexo.io/earn-crypto

Nexo insurance:
https://medium.com/nexo/nexo-is-the-only-crypto-lender-to-offer-crypto-custodian-insurance-83e3cc5bd378

Nexo and BitGo:
https://medium.com/nexo/nexo-teams-up-with-bitgo-to-ensure-security-of-clients-funds-deeb4bce8bb7

Nexo security and insurance:
https://support.nexo.io/hc/en-us/articles/360017628093-Security-and-Insurance

Ledger Vault:
https://enterprise.ledger.com/products/vault/

Ledger hack:
https://www.coindesk.com/ledger-bitcoin-bounty-new-data-security-after-hack

Nexo tokens:
https://medium.com/nexo/nexo-dividend-tokens-distribution-333d5890b6d

The Ultimate Guide to Bitcoin Loans:
https://www.youtube.com/watch?v=Uvgg3j_uiVw&ab_channel=TraderUniversity

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Nexo
#Bitcoin
#Cryptocurrency

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