Did you know Nexo added an in-app exchange?

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First things first, I stumbled upon this by accident.

Here's how.

Two days ago I had some BNB on Binance and lately I didn't find good enough options to earn on them.

And I saw the staked BNB from the the only available launchpool was going down which means the high-stakers found a better way to use their BNB.

So I started to look. While what I found may differ from what they found, I am now earning 6% APY on BNB, which is much better than the option I had.

If we count in the price evolution of BNB lately, I'd say it's great.

This kind of interest for BNB I found on Nexo, of which I wasn't even a user until two days ago, but I kept circling around it for a while.

The 6% interest is when you have at least 10% of your portfolio in Nexo coin as well, so I bought some Nexo coins too. They pay dividends on it and probably will still grow in the bull market anyway. Otherwise the interest is 5%, pretty respectable even like that.

Centralized, I know, but it's an ok option to have for us, the non-whales. At least while we're still talking about astronomical gas fees. And before LeoFi, which hopefully will make us very happy.

And while I read a little bit more about Nexo here and there, I discovered a complain was they didn't have an exchange of their own.

Well, now they do, and this is at most one week-old news, but still could be news to you if you don't follow them regularly:
https://www.businesswire.com/news/home/20210201005587/en/Nexo-Introduces-In-app-Cryptocurrency-Exchange-Service

Or you can read about it on their site:
https://nexo.io/exchange

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Their desktop website doesn't seem to include the exchange yet, at least not for me, but the mobile app (Android) does.

Haven't used it yet, they market it as pretty special (obviously), being instant, connecting to multiple exchange to discover the best prices and 'splitting orders depending on the price per volume' to do the swaps. That for all their 75+ crypto and fiat pairs they support.

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And on top of that; no fees and fiat options as well. Instant loans. Oh, and a debit card is coming this year. Great service. I using Nexo for more than two years.

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Yup, I was attracted by the fact it has no fees and supports fiat as well. Already have a crypto-related Visa debit card, but it's good to have alternatives. I believe Nexo's will be a Mastercard credit card instead, if I remember correctly.

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