This little blockchain project is a cryptocurrency backed loan service. Cryptocurrency enthusiasts can quickly and easily acquire loans against their holdings in order to gain access to capital. These loans are instantly enacted and require no approval or credit checks as long as the borrower has collateral to put forward.
While they are certainly not the only player in this space, they do have some interesting features and plans for their roadmap. For starters, if the crypto being held in your wallet grows in value, you will be able to access that equity as well.
They also give their users an easy way to spend their funds by utilizing virtual bank cards. In the next decade, it's likely that the cryptocurrency loans sector will be huge, and your Nexo investment will put you directly on the front lines.
While there are many exchanges where investors can buy Nexo, they are not the best exchanges in the world. Most of them are fairly low volume and not the best to use. However, there is a good deal of trading volume here to accomplish your goals. Due to the nature of these exchanges, it's important that you move your tokens off of them immediately after purchase for safety. Ethereum is the largest volume trading pair here, but there is also volume in Bitcoin if you'd prefer it.
This is an Ethereum based asset, and that means that you'll need a wallet capable of storing ERC20 tokens in order to store your investment safely. There are many excellent options for this including Meta Mask, Ledger's hardware wallet, Coinomi's mobile wallet for Android or iOs, and web wallets similar to My Ether Wallet.