Buy Nexo in India

Steps to Buy NEXO in India

  1. Register: Sign Up with Bitbns. Verify your mobile number, email id and create your Bitbns account within minutes.
  2. ID Proofs: Complete your profile registration by submitting your:
    • PAN card
    • Bank account details
    • Aadhaar card snapshots Note: Residents of Assam can send a copy of their Driving license
  3. Profile Verification : After submitting all required documents for account verification, you will be notified in 1 working day's time about account activation.
  4. You will then be allowed to transfer funds to your Bitbns account using NEFT/RTGS/IMPS

What is Nexo Cryptocurrency?

Nexo is the latest blockchain platform, which aims to provide users with immediate crypto-backed loans. As you know, there is no way for digital asset owners to utilize their crypto holdings apart from selling them for lucrative rates. Nexo uses a highly innovative business model where users can retain all of their digital assets while having instant access to cash.

Furthermore, these instant cryptocurrency backed loans are a 'flexible, automatic, and cost-effective way of obtaining liquidity, which is safeguarded by the client's digital assets value.' This whole process of procuring loans is pretty simple, too, and can be easily completed within minutes. Here are some of the major benefits of Nexo.

  • No capital gains taxes
  • No hidden fees
  • No credit checks

One can achieve a high level of transparency, as the platform uses blockchain technology, algorithmic processes, and smart contracts - all of these are executed through the native Nexo Oracle module.

Important Facts about Nexo

  1. The core development and business teams of Nexo are comprised of individuals who have been a part of Fintech sector for over a decade
  2. The company is supervised very strictly by several European financial and banking service regulators
  3. The advisory board of Nexo is comprised of several prominent members of Finance industry. Some of them include the founders of TechCrunch and Polymath.
  4. The Nexo token is in compliance with US-SEC and is supported by Nexo's loan portfolio assets
  5. The UI of Nexo is hassle free. It is strengthened by high degree of anonymity and privacy.

About Bitbns

Bitbns was founded in December 2017. It is a stable and an efficient intermediary for traders and investors to buy and sell cryptocurrencies. Based out of Bengaluru, Bitbns provides top-class transparency and a safe environment for its clients to trade and invest in cryptocurrencies in a seamless manner. Scalability, speed, security, liquidity, and ease of use are the major spearheads of Bitbns. The company is constantly striving to build a cashless economy.