Complaint Review: STAY AWAY FROM NEXO FINANCIAL LLC

I first thought Nexo was a great idea but i have learned first hand that i was misled by the hype! I am a crypto trader so let me tell you the story on how i got screwed By Nexo. I deposited 2.8 BTC into Nexo system no problem. I then took a loan against the BTC so i could re invest and not trigger a tax event and still acquire more BTC and trade. Sounds great right. WRONG!!!

I borrowed $97,000 against my BTC Well here it is not even 15 days later and they have already charged me $20K to borrow $97K for 15 days. I am a good trader but I am not that good and BTC is not rising that fast to overtake there outrageous fees to borrow for 30 days and it's going up by the day. So lets do the math they are charging me $1,333 a day to borrow against my BTC and i cant make that much a day in trading other wise i would be a billionaire on wall street with a hedge fund of my own.

This is just plain crazy be careful of NEXO loans DANGER DANGER!!!! That's my story As of this date i have only had this loan for 14 days whoa $20K+ and going up everyday. Beware I don't know how to get out of this one, I will lose my shirt for sure, I will have lost money to NEXO with no ROI in sight and to be CLEAR I did not lose one trade... I am very careful and conservative with all my trades and I never risk with out protection.

In other words I am a safe trader. Not perfect but safe as one can be trading its all risk.