Binance will list NEXO today at 10:00 UTC, when trading will open for NEXO/BTC, NEXO/BUSD, and NEXO/USDT pairs.
Nexo live price today is $2.45 with a 24-hour trading volume of $51.3 million. If you want to know what is Nexo, can it give you good returns and the best places to buy Nexo, you have come to the right place.
Best Places to Buy Nexo Now
If you want to get ahead of the game, you can buy NEXO tokens before the listing goes live.
As NEXO is a new asset, it has not yet been listed on major exchanges. You can still buy NEXO using a DEX (decentralized exchange), which just means there are a few extra steps. To buy NEXO now, follow these steps:
1. Buy ETH on a regulated platform or broker like eToro ›
We suggest eToro because it is one of the world’s leading multi-asset trading platforms, an all-in-one exchange and wallet with some of the lowest fees in the industry. It is also beginner-friendly and offers more payment methods for users than any other service available.
2. Send your ETH tokens to a compatible wallet like Trust Wallet or MetaMask.
You will need to create your wallet, retrieve your address and send your tokens there.
3. Connect your wallet to the Uniswap DEX platform
Go to Uniswap and connect your wallet there.
4. You can now exchange your ETH for NEXO
Now that you’re logged in, you’ll be able to trade hundreds of tokens, including NEXOs.
What is Nexo?
Nexo is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Users deposit an accepted token as collateral to receive a loan in the form of fiat currency or a stablecoin.
When Nexo’s native token is locked to the platform, it grants users benefits such as discounts on accrued interest on loans and the ability to receive interest payments on deposited funds. Token holders also receive dividends from Nexo’s earnings.
Nexo is the first-ever provider of instant cryptocurrency-backed loans according to its white paper and it intends to solve inefficiencies in the loan market. Its automated lending process uses smart contracts and an oracle on the Ethereum blockchain to manage loans.
Should I buy Nexo today?
Nexo can be a lucrative investment, but take the time to read at least several top analyst price predictions and do some market research before committing. Take all investment advice with a grain of salt.
Nexo Price Prediction
Wallet Investor expects a long-term increase, predicting that Nexo will be worth $7.4 in April 2027. With a 5-year investment, earnings should be around +203%. An investment of $100 can reach $303 in 2027.
Nexo on social networks
— From Noob Tradoor🐋 (@DeNoobTradoor) April 29, 2022
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Nexo surges thanks to Binance listing: Here’s where to buy Nexo
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