Ok at the risk of sounding extremely uninformed … is Nexo an online account or cold storage like a Nano? I’ve heard it tossed around but have been extremely lazy but learning what I have about some exchanges don’t want to leave them there. The uninsured part makes me very nervous and is never in the fine print ??
I used to have my xrp lent out in CRED. They didn’t didn’t I sure but they over collateralized the xrp that we lent out. They went bankrupt and lost everyone’s xrp and other assets that were being lent.
Nexo has limited insurance. We are not guaranteed 100%. However I have my xrp with them because it does feel like safer option. They are trying to improve their insurance.
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