The Nuri cryptocurrency bank, based in Germany, has said it will shut down for good on December 18, 2022. Reports say that the company couldn’t make enough money to solve the problems caused by the widespread crypto loan epidemic on the Celsius Network. Monito recommends the Nuri app for online banking because it is cheap. The platform is almost free to use daily in the U.S. and abroad. Bitcoin Trader is one of the best platforms to start bitcoin trading.
Nuri has a lot of excellent services and features, such as the ability to save money and trade cryptocurrencies. But you can only add money to your account in a few ways, and you can’t use the app to send money abroad. This gives Nuri a chance to improve its service (5.4 out of 10).
Nuri has told its 500,000 customers to get their money out of their accounts because the company is about to close down and sell off its assets. Nuri does this because she thinks she will lose money in the bear market of 2022.
In August, when the crypto winter was stressing the economy, Nuri announced for the first time that the company had filed for bankruptcy. But the bank told its customers that business would go on as usual while it changed its structure and looked for a buyer. Even after two months, Nuri and the bank still can’t agree on a price for the company, and the bank hasn’t been able to sell it to anyone else.
In a blog post she wrote on October 18, Nuri CEO Kristina Mayer said that the company would have to stop doing business for good. In contrast to the failed cryptocurrency lender Celsius, which stopped withdrawals right away before things worsened, Nuri’s situation has not yet reached that point. The blog makes it sound like,
“Customers have access to all their money and can take it out until the date set. The fact that Nuri is going bankrupt won’t affect your account or anything. Traders will be able to do business until November 30, 2022.
Customers with euros in an account at Nuri can use their Visa debit cards to get cash from ATMs or move their money to an account at any other bank before the bank goes out of business. Nuri has joined forces with Vivid Money GmbH, a European company specializing in cryptocurrency and banking, to give customers access to cryptocurrency services.
This is done to help customers more. Customers of the now-defunct Nuri exchange who switch to Vivid could get a free “Prime” membership if they meet the requirements. The Nuri app can still be used to trade until November 30, 2022.
Nuri is a place where digital currencies can be kept and traded
Nuri gives you both a regular bank account and a wallet for Bitcoin and Ethereum. This means you can use the same app to store Bitcoin and Ethereum.
You can get to any of these wallets by visiting the portfolio page. When you get there, you will see a summary of how much bitcoin and Ethereum you have.
Like any other cryptocurrency wallet, your Nuri wallet lets you send bitcoin, store cryptocurrency, and receive cryptocurrency. To get cryptocurrency money from Nuri, you must first go to the tile for the cryptocurrency you want to receive and then press the receive button. This will show you your bitcoin address, which you can give to anyone who wants to send you money in a safe way.
It takes about the same steps to send something as it did before. You only need to press the “send” button, not the “receive” button. The next step is to type in the amount you want to send and the email address of the person you want to send it. To finish, you will need to enter the fee you want to add to your transaction so that miners can handle it. You will also need to type in your password to finish the transaction.
The “network fee slider” is a feature of the Nuri wallet that lets users change the fee that comes with a transaction. You can change the costs of your Bitcoin transaction on the network by hand using the network fee slider.
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