[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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[James Barra]

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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[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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