read.cash is a platform where you could earn money (total earned by users so far: $ 844,567.66).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
I've been using it since 2018 and the journey started with buying Nexo tokens and holding them in the savings account. During this period, I received 3 dividends in which I got both base dividend and loyalty dividend.
Besides the dividends, Nexo has a better-earning option. You can earn up to %10 for your stablecoins and up to %5 for crypto currencies.
You will see screenshots from my personal account as I believe that it will help you understand the platform better.
Do not forget! Even if a platform gives you %100 staking reward/interest, security always comes first. There is no exception.
"Nexo partners with the world-renowned custodian BitGo to secure all crypto assets. BitGo is backed by Goldman Sachs and is Cryptocurrency Security Standard Level 3 as well as SOC 2 compliant."
Your $100M of your savings are under the protection of BitGo. As a customer, I am comfortable while putting my money into this automated system and I am planning to grow a part of my portfolio in this platform.
I'm holding BCH & Tether in the savings account to earn interest. The best part of the earning mechanism is compounding interest. Each satoshi/litoshi/cent works for you the moment they are filled in your savings account.
Nexo has decreased the minimum borrowing amount to $10
"The lowest amount that is provided by crypto platforms."
Borrowing works nearly the same for every platform. You can get a loan as collateral to your digital values in your savings account. I have not used this option so I cannot state my experience. If there is one, s/he may inform us 😌
There is a simple calculation: %10 of your portfolio is needed to be Nexo token. Let's exemplify with my personal account:
BCH 0.08975724
USDT 79.742015
NEXO 198.67873848 = $28.98
I have 198 Nexo and which makes ~ $29. It means that I can get the highest APY for $290 in my savings account.
Once the amount reaches $290, to get %25 more interest rate (%4 to %5 for cryptocurrencies; %8 to %10 for stable coins) I will add more Nexo token to stake.
I think that a great Tokenomy model to both preserve the value of the token and add utility for it.
The minimum deposit threshold to start earning interest
As you can see, the minimum deposit amount is quite low.
You can even start earning interest for your $1.
Moreover, you are not charged for withdrawal fees. You can send your money without paying any cent.
I also use Nexo as a medium. I buy Tether coins and send them to my Nexo saving balance. Until the time that I need to use them, I'm earning interest.
When I need to spend my stablecoins, I withdraw them with Zero Fees.
Nexo is aiming to become one of the digital banks for your digital values. The platform serves up to %5 for your digital currencies and up to %10 for your stablecoins.
✓ You are not charged for any type of fee.
✓ Your digital values are protected by BitGo thanks to their agreement.
✓ You can earn dividends for your Nexo tokens.
I transfer my BCH to Nexo so that I let my digital assets work for me. Until now, I'm glad to earn by using Nexo platform. Thanks to Read.Cash, I get BCH (one of the most promising projects) and Nexo help me to get more.
Nexo promises a new banking system. If you want to earn BCH interest, join us😌
We must investigate better about Nexo. You can also have coumpound interests over your BTC, DOGE, DASH and others for 7.57% APY in stakecube.net (won't give my referral link, pointless).
We must investigate better about Nexo. You can also have coumpound interests over your BTC, DOGE, DASH and others for 7.57% APY in stakecube.net (won't give my referral link, pointless).
As for your BCH you can receive 40-60% APY tokenizing it https://read.cash/@Monolith/quick-guide-on-how-to-invest-a-low-amount-of-crypto-and-take-profit-forever-2fbf8fc3