Nexo Exchange

Hi all. I had been interested in Nexo Exchange with its high interest rates for crypto. Despite doing some Googling and at their help website, I couldn't find any details about whether if it is OK for Singapore users. Since I can validate my details, I believe that they are fine with Singapore users but not sure about from the MAS perspective. My concerns is that it doesn't become something like Binance or Kucoin, which are now restricted'/banned to us. What are your thoughts on this? Thanks in advance.

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Ro Berti

30 May 2024

Are there any specific regulations or restrictions imposed by the Monetary Authority of Singapore (MAS) that Singapore-based users should be aware of when using cryptocurrency exchanges like Nexo poppy playtime chapter 3, and how can one ensure compliance with these regulations?

Reply

Save

Crypto SG

Edited 29 Jan 2024

Chief Investment Officer at Self Employed

I stopped using NEXO exchange for a while.

You can easily earn safe and very high returns all while holding them in your non-custodian wallets (e.g hardware wallets).

I earn (3.5% APY daily compounded) ETH staking on Lido, BTC by stacking, and many many crypto assets that generate passive incomes (6% - 16% APY) which I claim and compound every week. If you wish, you can even park and earn yields on USDC and USDT (5-10% APY) all while under the safety of your wallets. Why risk your assets on exchanges?

Not your keys, not your coins.

Reply

Save

Lisa Summerfeild

15 Jan 2024

Thank you for answering, I appreciate you....

Write your thoughts