Nexo Offers Free Fiat Withdrawals to Appease Fee Outrage
- Nexo has implemented a spate of sudden policy changes with little notice recently.
- The most recent change was a hike in fiat fees, charging up to $25 for on/off boarding.
- The crypto exchange has updated its policy to compromise on banking fees.
Nexo has been on the firing line lately for implementing policy changes with little to no advanced notice for its users. On May 21, the crypto exchange stoked customer outrage by suddenly charging for fiat withdrawals, putting its hard-earned user loyalty to the test.
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However, in what appears to be an attempt to make amends for the fee hike, the company notified its users on June 7 that Platinum members will now get one free fiat withdrawal per month.
Nexo Compromises
In a June 7 email, Nexo notified its users that Platinum members, who currently receive one free crypto withdrawal per month for certain tokens, can now opt to use that free monthly withdrawal for fiat transactions instead, thereby allowing Platinum members to circumvent the newly implemented fiat withdrawal fee to some extent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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