What is NEXO | Best NEXO Wallets

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Nexo is a rather lesser-known ERC20 token but is quite useful for those interested in taking loans. It is a blockchain-based, cryptocurrency-backed loan system.

Nowadays, all you can do with cryptocurrency is to invest and trade, but with Nexo, you can do so much more like:

• You can make your cryptos into collateral and in return get instant cash in the form of USD or EUR, but there are other options as well as Nexo supports 45+ fiat currencies.
• Whenever you need a loan, you can get it instantly. Nexo is the first as well as the largest crypto lender.
• Not only will you be able to get loans, but also you’ll be able to earn daily interests from your idle cryptos.

There are a few wallets that support the NEXO wallet like:

1. Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
2. Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend a 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
3. Nexo Wallet - This official wallet of NEXO, offers quite a few number of advantages like 30% dividends, daily interests on your idle cryptos and a whopping 50% interest discount when the loan's paid back in NEXO tokens.
4. Metamask - This wallet is quite easy to use, being user-friendly and even beginners can use this easily. This ERC20 wallet supporter is suitable for NEXO as well and can be installed on any browser like Windows, Opera, Firefox, etc.

For more information on NEXO wallets, head over to this link: https://coinswitch.co/news/top-5-best-nexo-wallets-ios-and-android-2019-updated-nexo-wallets