Nexo – For investors who don’t want the volatility of cryptocurrencies, Nexo provides high yield interest rates on USD, EUR, GBP, and stablecoins. Stablecoins are cryptocurrencies pegged to a stable asset such as USD or gold. They provide stability in their price without the volatility. Some examples of stablecoins would be USDC, USDT, DAI, PAX, and TUSD.
The interest that you earn on fiat and stablecoins is 8% at Nexo. Honestly, this is a great investment for people who want low risk. Think about it, you are making 8% for doing nothing. Why would you put your money in traditional banks earning less than 1% for a savings account? Plus you have the liquidity to cash out at anytime. In my opinion this is one of the best passive income investments.
Futhermore, interest on Nexo is compounded daily. You can earn interest quickly here. Additionally, there is no minimum contribution requirements. As for withdrawal fees there are none and you can withdraw at anytime.