I was browsing around then the google ai put some interesting info.

It said USDT and USDC is pegged to USD 1=1 and nexo giving 13-14% reward earning for these 2 cryto USDC and USDT.

I was like wow 13% to 14% isnt this better than fixed deposit. RM1k fixed deposit per month only RM1.5 for 1.85%.

I am new to such cryto thing such nexo and crytos.

So what do I need to get started. I wanted the interest rate since its better than fixed deposit rate here.

Any pros and cons doing such thing.

If you are new to crypto, start with watching YouTube videos to learn from scratch or invest in regulated exchanges like Luno first

I am glad you asked about NEXO as I am a NEXO user.

First of all, you will need an investment of at least $5,000 to be eligible to earn interest.

You also have to be a Platinum tier user in order to earn the kind of interest rates you mentioned.







The interest rates for platinum-tier users are shown below. It is a partial screenshot and not all tokens are shown, only the popular ones.







You get additional interest if you opt for fixed term savings as shown in the table.

Try to understand where the high return comes from, this is the most important part.

You are also very new to crypto since you're not familiar with stablecoins. Therefore, please do a very thorough research before investing real money.

The 5000 means ringgit?

If not geting any platinum user status just normal user whats the rate, I didnt find any info on this.

Minimum $5,000 means U.S. Dollars.

For base tier users, the reduced rates are as follows.

Here are the details of the minimum requirement to earn interest.

crypt world nobody uses RM