Nexo – legit or scam?

  • This topic has 2 replies, 1 voice, and was last updated 1 week ago by Crypto Killer.
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  • #191889 Reply
    Crypto Killer

      Have people here used Nexo. Are they a credible firm or not? I know it’s cowboys and Indians in the crypto world so would appreciate a second opinion. Cheers

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      • #192062 Reply
        James Barra
        Moderator
          DayTrading.com Team

          Hi Crypto Killer,

          We scored Nexo 2.5/5 for Regulation & Trust.

          This is largely because, while a legitimate company, it’s a crypto exchange which typically operate with limited regulatory oversight.

          Also, there have been a number of high-profile firms that have gone under over the years leaving many customers out of pocket, think FTX, Genesis, BlockFi etc.

          In summary, it’s a legit firm but crypto exchanges by there very nature are high-risk.

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          • #192187 Reply
            Crypto Killer

              Yeah just looking for confirmation it’s a real firm and not a sham company that’s going to vanish with my cash.

              Cheers James.

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