How long does it take to earn interest on crypto with Nexo?
Reid WaltonDec 28, 2021 · 3 years ago3 answers
Can you tell me how long it usually takes to start earning interest on cryptocurrency with Nexo? I'm considering depositing my crypto assets with them, but I want to know how long it will take for the interest to start accruing.
3 answers
- Dec 28, 2021 · 3 years agoUsually, it takes around 24 hours for the interest to start accruing on your crypto assets with Nexo. Once you deposit your cryptocurrency into your Nexo account, it will go through a verification process to ensure its security. After the verification is complete, your assets will be added to the interest-earning account and you will start earning interest.
- Dec 28, 2021 · 3 years agoYou'll be happy to know that with Nexo, you can start earning interest on your crypto assets almost instantly! Once you deposit your cryptocurrency, it will be added to your interest-earning account right away. So, you don't have to wait for days or weeks to start earning passive income.
- Dec 28, 2021 · 3 years agoWhen you deposit your crypto assets with Nexo, it usually takes around 24 hours for the interest to start accruing. Nexo is a reputable and secure platform that ensures the safety of your assets before adding them to the interest-earning account. So, you can trust that your crypto will start earning interest within a day of depositing it with Nexo.
Related Tags
Hot Questions
- 98
What are the advantages of using cryptocurrency for online transactions?
- 96
Are there any special tax rules for crypto investors?
- 69
How can I buy Bitcoin with a credit card?
- 60
What are the best practices for reporting cryptocurrency on my taxes?
- 60
What is the future of blockchain technology?
- 51
How can I protect my digital assets from hackers?
- 31
How can I minimize my tax liability when dealing with cryptocurrencies?
- 11
What are the tax implications of using cryptocurrency?