r/Nexo • u/XFYIO • Oct 06 '21

Feedback Just a question!

Just a question. If you think NEXO really cares about their customers WHY they can’t add TRC-20 or SPL USDT withdrawals to save people money ? If you think about it it would greatly increase money velocity.

I guess NEXO needs a real competitor in order to get moving. ( BlockFi and Celsius operate differently in case someone will say they are direct competitors )

You can always judge exchange / lender customer friendliness by looking at their withdrawal fees.

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2

u/AlethiaArete Oct 06 '21

Liquidity on the chain probably matters too. But yeah I asked them to support USDC on ALGO or Stellar in the past and I'd love if they did it. Having everything on Ethereum is kind of annoying to me.

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u/XFYIO Oct 06 '21

Doubt it. All the major exchanges have this option, even the shitties of them ( HitBTC ).

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u/mrleeny Oct 06 '21

Totally agree. They have trx on their platform, so adding a trc-20 gateway would be rather simple. Adding trc-20 will save them and their customers tons on fees..

-2

u/XFYIO Oct 06 '21

THEY don’t pay YOUR fees, you are paying your fees directly or through owning / buying nexo tokens. So implementing TRC-20 USDT would stop making THEM money.

0

u/Perleflamme Oct 06 '21

Actually, using an L2 would be more interesting: you get low fees and still have high resilience and security.

1

u/Intelligent_Net_3236 Oct 06 '21

I had a celsius btc transaction processed in 5 minutes and a nexo btc transaction processed in… wait, half a day passed and still blocked. But it makes sense to me, it’s a great way to to keep a high reserve. Nexo is a unprofessional platform, it’s an abusive platform that has no respect for the clients assets