Quote from: CupCakeHugs007 on July 02, 2023, 05:27:01 PM

Nexo: Nexo pays its customers high-interest rates on crypto, stablecoins, and standard currencies such as USD, EUR and GBP. Storing crypto or stable coins on Nexo will earn interest back in those coins at a rate of between 8% and 12%. Nexo pays interest of 12% on standard currencies such as the U.S. dollar and the euro, far more than any typical bank pays.

But there are other crypto wallets that pay high interest.
If someone was to buy and hold, why would they get a wallet that doesn't pay interest?

Nexo and other similar services that offer interest payments to users of their wallets are all centralized platforms.

This means they ha to exercise control over bitcoins stored in those wallets.

Therefore, in my opinion, storing bitcoins in such wallets would pose a risk for me.

I would not want to limit my stash by accepting any terms and conditions imposed by centralized services like Nexo.

My only choice is Passport 2, open source, airgapped hardware wallet.