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As an integral part of the Nexo platform, NEXO tokens offer numerous benefits, making them an attractive investment. Nexo is a blockchain-based platform that provides instant crypto-backed loans. It allows users to leverage their crypto assets without selling them, offering liquidity while retaining ownership. NEXO, the platform's native token, plays a crucial role in the ecosystem, offering benefits such as interest discounts, higher yield earnings, and dividends from the platform's profits.
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CCs are widely accepted and familiar to the majority of audiences. This ease of use reduces the entry barrier for new investors who find other payment methods cumbersome or intimidating.
With a credit card, traders can leverage their credit lines to invest in NEXO. This is particularly advantageous if the trader expects the value of NEXO to increase, allowing them to reap significant returns in time.
One of Nexo's flagship offerings is its crypto-backed loan service. Users can borrow fiat currency or stablecoins against their virtual currencies. This service benefits investors who want to keep their virtual currency holdings private. The loan-to-value (LTV) ratio varies based on the collateral, with Bitcoin and ETH typically offering higher LTV ratios. The Nexo Card is a Mastercard-backed debit card that enables users to spend their crypto assets directly. The card is linked to the user's Nexo account and can be used at any merchant that accepts Mastercard. Since loans are backed by crypto collateral, no credit checks are required. This feature makes Nexo accessible to a broader range of users, including those with poor or no credit history.
Without a doubt, Switchere.com is a one-stop point for instant crypto exchanges. Here you can buy Nexo without ID verification using any credit, prepaid or debit card issued by VISA, Mastercard or Maestro. All you need to do is go through quick registration (a few seconds) and provide some basic information instead of completing standard ID verification. And that is all about it — buy NEXO without verification instantly! How do you like that?