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* Individuals
* Institutions
* Resources
* Security
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Sign in Get Started
Scan to Download the Nexo App
PRODUCTS
Buy Crypto Buy instantly with credit or debit card
Earn Interest Get daily compounding interest
Exchange Crypto Swap between 300+ market pairs
Borrow Funds Get cash or stablecoins from 0% APR
Nexo Card Spend your crypto without selling it
Nexo Booster Borrow to buy up to 3x more crypto
PROGRAMS
Join the Loyalty Program
Hold NEXO Tokens to get higher earn rates, lower borrow rates and more
Refer & Grab $50К in Rewards
Make as many referrals as you can until July 26 and earn rewards from our $50K
prize pool.
BLOG
* Product
* Dispatch
* Why Nexo
* How to Nexo
* Nexo Brainer
View All Articles
Nexo’s Custody and Insurance in Depth and at Length Product Jun 17 Dispatch #92:
Beat the Bear Dispatch Jun 17
HELP CENTER
* Funding Your Account
* Identity Verification
* Frequently Asked Questions
* Contact Support
View All Topics
Why Trust Nexo Get industry-leading security for your digital assets Licenses
See Nexo's licenses and registrations across numerous jurisdictions Real-Time
Audit Nexo is working with Armanino LLP to provide a real-time audit of
custodial assets.
Insurance All digital assets benefit from a $775M insurance by our
industry-renowned custodians.
About Learn how Nexo is disrupting the financial system, one bit at a time Media
Center Stay tuned on our latest press releases and get in touch with the media
team Nexo Ventures Web3 investment fund for early-stage crypto projects
Affiliates Introduce Nexo to your audience and earn commissions
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REAL-TIME AUDITING RISK MANAGEMENT INSURANCE GLOBAL LICENSING
OVERCOLLATERALIZATION IS FUNDAMENTAL.
NEXO’S FUNDAMENTALS-FIRST MODEL SAFEGUARDS YOUR ASSETS AND HELPS YOU GROW YOUR
WEALTH IN A SUSTAINABLE AND SECURE WAY.
Get Started
Why Trust Nexo
Rated Excellent on
$775M insurance on custodial assets by
Real-time audit by
$12B+
Assets under
management
4М+
Nexo users
worldwide
39
Supported
cryptocurrencies
200+
Available
jurisdictions
EARN INTEREST
EARN DAILY INTEREST ON YOUR CRYPTO AND EURX, GBPX AND USDX
* Up to 18% annual interest
* Unique daily payout
* $775 million insurance on all custodial assets
* Add or withdraw funds at any time
Earn Crypto Interest
BalanceAssetEarn InterestCredit LineTotal Interest Earned$23,758.55
1 Select an Asset
Top up
2 Start Earning Daily Interest
Asset APR Earned Today
BTC
8%
USD 1273.41
Tether
12%
USD 260.37
EURx
12%
USD 195.62
--------------------------------------------------------------------------------
BORROW CASH OR STABLECOINS
COLLATERALIZE YOUR CRYPTO AND BORROW INSTANTLY WITH NEXO'S CRYPTO CREDIT LINES
* Interest starting from 0% APR
* $775 million insurance on all custodial assets
* A minimum of $50 and a maximum of $2 million
* Automatic approval, no credit checks
Borrow Cash or Stablecoins
BalanceAssetEarn InterestCredit LineCredit Line$171,623.33Portfolio
Value$245,176.19
1 Use Crypto as Collateral
Top up
2 A Credit Line is Opened Instantly
$171,623.33
Available Credit Line
--------------------------------------------------------------------------------
CHOOSE FROM
40+ Fiat Currencies
Stablecoins
Borrow
3 Start Spending
Your withdrawal is
instantly processed.
NEXO CARD
YOUR DIGITAL ASSETS ARE JUST A SWIPE AWAY
The only card that lets you spend the value of your digital assets without
having to sell them. Get instant cashback on all purchases and take advantage of
flexible repayment options.
Get Your Nexo Card
* Accepted by 40+ million merchants worldwide
* Instant 2% cashback on all purchases
* Flexible repayment options
* Free virtual cards
* Payments in local currencies
* No monthly/annual fees, no FX fees
THE ULTIMATE SECURITY FOR YOUR DIGITAL ASSETS
THE NEXO PLATFORM IS EQUIPPED WITH A TOP-QUALITY SECURITY INFRASTRUCTURE
DESIGNED TO ENSURE MAXIMUM PROTECTION OF ASSETS AT ALL TIMES.
Learn More
MILITARY-GRADE SECURITY
Storage held in military-grade Class III vaults
THIRD-PARTY AUDITS
Independent, real-time reserves audit by Armanino
ISO 27001:2013 CERTIFIED
Impeccable risk assessment, data protection, and enhanced cybersecurity
$775 MILLION INSURANCE
Insurance on custodial assets
ENJOY YOUR NEXO ACCOUNT ON THE GO
GET ACCESS TO THE INSTANT CRYPTO CREDIT LINES AND HIGH-YIELD ‘EARN INTEREST’
ACCOUNT ANYTIME, ANY PLACE WITH THE NEXO WALLET APP. AVAILABLE NOW ON IOS &
ANDROID.
10,000+ 5 STAR REVIEWS
On the App Store & Google Play Store
OUR MISSION
CREATING THE FUTURE OF FINANCE TODAY
Since 2018 Nexo has strived to bring professional financial services to the
world of digital assets. Leveraging the best of the team’s years of experience
in FinTech along with the power of blockchain technology, Nexo is empowering
thousands of people to harness the value behind their crypto assets and live the
future of finance today.
About us
FAQS
ALL YOUR QUESTIONS ABOUT NEXO ANSWERED.
Visit our Help Center
* Earn
* Borrow
* Exchange
* NEXO Token
HOW TO EARN UP TO 18% INTEREST ON CRYPTO?
Start earning up to 18% interest in two simple steps:
1. Open the Nexo platform or the Nexo Wallet App
2. Transfer assets into your Nexo Wallet
You’re all set! Now you’re earning daily interest that automatically goes into
your Savings Wallet.
Note: You’ll start earning interest at least 24 hours after your transfer. Also,
assets held in your Credit Line Wallet (i.e. assets being used as collateral)
will not earn interest.
Find out which digital assets are currently available for our Earn suite and
what the exact interest rates are in our Help Center.
HOW TO EARN UP TO 12% INTEREST ON EURX, GBPX AND USDX?
Earn up to 12% interest on GBPx, EURx, and USDx, following these three simple
steps:
1. Open the Nexo platform or the Nexo Wallet App.
2. Complete your Identity Verification.
3. Transfer your fiat into your Nexo account. Don‘t forget to use your unique
reference code!
That’s it! You’ll instantly start earning interest as soon as the transaction is
confirmed.
For more detailed information, visit our Help Center.
HOW DO I GET NEXO’S HIGHEST INTEREST RATE?
To receive up to 18% interest on your savings, you have to:
* Become a Platinum Loyalty tier client by making sure at least 10% of your
Portfolio Balance comprises NEXO Tokens.
* Opt to earn your interest in NEXO Tokens for up to 2% additional interest.
Example:
Value of assets in your Savings Wallet: $10,000
Value of NEXO Tokens required for you to get the highest interest: min. of
$1,000 in NEXO Tokens
To activate Earn in NEXO:
1. Open the Nexo platform or the Nexo Wallet App.
2. Click on the “Settings” menu in the “My profile” section.
3. Activate the option to Earn in NEXO.
WHAT ARE NEXO’S INTEREST RATES?
Your interest rate is determined by:
1. Your Loyalty tier, which in turn depends on the ratio of NEXO Tokens against
the balance of other assets in your portfolio. The requirements for each
tier are as follows:
* Base: No NEXO Tokens are needed.
* Silver: At least 1% of the Portfolio Balance in your account must comprise
NEXO Tokens.
* Gold: At least 5% of the Portfolio Balance in your account must comprise
NEXO Tokens.
* Platinum: At least 10% of the Portfolio Balance in your account must
comprise NEXO Tokens.
2. Whether you choose to receive your interest in kind or NEXO Tokens:
* Earning in kind means you receive your interest payments in the currency
you’re earning on.
* Earning in NEXO means you receive interest payments in NEXO Tokens and
benefit from up to 2% additional interest on all your holdings.
You can calculate your daily interest as shown below:
Daily Interest = Principal amount (in the original cryptocurrency) x (interest
rate/365)
Note: Your interest rate will change depending on the ratio of NEXO Tokens to
other assets in your portfolio and whether you decide to earn interest in NEXO
or in kind.
Learn more about our interest rates here.
HOW TO BORROW CASH OR STABLECOINS?
You can transfer your assets to your Nexo account and get an Instant Crypto
Credit Line.
You can immediately get cash from your credit line by:
* Withdrawing fiat straight to your bank account. You can choose between 40+
currencies.
* Withdrawing USDT or USDC to your Nexo account or another compatible address.
* Using the free Nexo Card.
To open a credit line, you need to:
1. Open the Nexo platform or the Nexo Wallet App.
2. Top up crypto assets and complete verification.
3. Tap the “Borrow” button in your Nexo Wallet to withdraw cash or stablecoins
instantly.
Watch this short video on How to get an Instant Crypto Credit Lines to learn
more about our credit line.
Note: Due to anti-money laundering regulations, you can only use stablecoins to
cover 50% of the collateral required for fiat credit. The other half of the
required collateral must comprise crypto assets (e.g. BTC, ETH, etc.).
You may also need to provide supporting documents to prove the origin of your
funds.
Visit our Help Center for more detailed information.
WHAT IS LOAN-TO-VALUE (LTV)?
The loan-to-value (LTV) ratio is the ratio of the loan relative to the value of
the collateral asset).
LTV is calculated as the loan amount in USDx divided by the value of the
collateral in USDx, expressed as a percentage.
Example:
Credit amount: $5,000
Value of collateral: $10,000
Loan-to-Value = ($5,000/$10,000)*100% = 50.0%
For exact LTV on each asset, visit our Help Center.
ARE THERE ANY FEES?
No, there are no prepayment, origination or installment fees.
* You can repay your outstanding balance, in part or completely, at any time
and you only pay interest for the period you borrowed.
* No minimum repayments.
* No installments – you can make repayments at any time.
The interest you accrue on your credit is added to your outstanding balance
daily at 22:00 UTC.
Note: If you repay a loan within 30 days of the last withdrawal, you will be
charged interest for the full 30 days.
What happens if the value of my collateral changes before I repay my credit
line?
WHAT HAPPENS IF THE VALUE OF MY COLLATERAL CHANGES BEFORE I REPAY MY CREDIT
LINE?
If your collateral appreciates in value, your credit line limit also goes up.
You’re free to withdraw more credit or leave your current loan as is.
You can also use the extra value of your crypto to pay off part of your credit.
If your assets have met your price target, then you can:
* Place an order in your Nexo Wallet to sell a fraction of the crypto assets in
your account.
* Repay part or all of your outstanding balance.
The transaction is performed without any additional fees on Nexo’s part. Any
resulting charges are fees from the exchange that facilitated the trade.
If your collateralized assets decrease in value and you do not add additional
assets to your Nexo account after receiving warnings from the Nexo blockchain
oracle, the Nexo blockchain oracle may initiate partial automatic loan
repayments to rebalance the Loan-to-Value back within limits.
CAN I BORROW MORE THAN ONE TIME?
You can withdraw from your Nexo credit line as many times as you want as long as
you:
* Maintain the required loan-to-value ratio, and
* Have enough collateral in your Nexo account to cover your credit.
Note: If there is not enough collateral in your Credit Line Wallet for a credit
withdrawal, assets from your Savings Wallet will be transferred automatically to
your Credit Line Wallet.
WHAT IS THE NEXO EXCHANGE?
The Nexo Exchange is Nexo’s swap functionality, which allows for immediate
exchanges between 300+ crypto and fiat pairs directly within the Nexo platform.
The feature is a one-stop shop for the NEXO Token and other crypto and fiat
currencies, enabling users to buy, sell, store, borrow against, and earn
interest on their assets.
HOW CAN NEXO GUARANTEE THE BEST MARKET PRICES CURRENTLY AVAILABLE?
Thanks to our in-house Smart Routing system, the Nexo Exchange simultaneously
connects to 10+ exchanges to identify the best prices and splits orders
depending on the price per volume. The system optimizes swapping between fiat
and crypto currencies within a fraction of a second and creates a deal better
than any manual execution.
WHAT CURRENCIES DOES THE NEXO EXCHANGE SUPPORT?
The Nexo Exchange currently supports swaps between more than 100 digital and
fiat currency pairs, including these NEXO Token pairs:
* NEXO / BTC
* NEXO / ETH
* NEXO / USDT
* NEXO / USDx
* NEXO / EURx
* NEXO / GBPx
See all available pairs on our Help Center.
HOW CAN I BUY AND SELL NEXO TOKENS?
The Nexo Exchange eliminates the need for third-party services for buying and
selling NEXO Tokens. To buy or sell NEXO Tokens you need to:
1. Open the Nexo platform or the Nexo Wallet App
2. Click on the “Exchange” tab
3. Select the currencies you would like to swap
4. Click “Exchange”
WHAT IS THE NEXO TOKEN AND WHAT ARE THE BENEFITS OF HOLDING IT?
NEXO Token is our native token which brings token holders numerous benefits on
the Nexo platform.
NEXO Token holders receive up to 18% interest per annum, paid out daily, on the
NEXO Tokens held in both the Savings and Credit Line wallets of their Nexo
accounts. Plus, holding NEXO Tokens automatically makes you a part of Nexo’s
Loyalty Program which gives you:
* Higher yields on crypto and fiat with our Earn suite.
* Preferential borrowing rates for the Instant Crypto Credit Lines.
* Free crypto withdrawals.
Read more about our Loyalty Program and the perks of our token here.
WHAT ARE THE RATES FOR DAILY INTEREST ON NEXO TOKENS?
All Loyalty tiers receive a base rate of 7% interest for FLEX Terms while those
benefiting from Nexo’s Fixed Terms for 3 or 12 months will receive 9% and 12%
interest, respectively.
Read more about our Loyalty Program here.
HOW DO I BUY NEXO TOKENS?
You can acquire NEXO Tokens through the Nexo Exchange inside our platform
(recommended) or through a third-party exchange.
Buying NEXO Tokens on the Nexo Exchange
This is the easiest and quickest way to buy NEXO Tokens without leaving our
platform. Here are the steps:
1. From the Dashboard, tap on the “Add Funds” option and select the
“Credit/Debit Card”.
2. Pick NEXO as the asset you want to purchase and enter how much you would
like to spend.
3. Enter your credit or debit card details.
4. Confirm your purchase and you’re done!
Note: You can now also top up USDx, GBPx or EURx and swap them directly for NEXO
with our NEXO/fiat pairs.
WILL NEXO TOKENS THAT ARE USED AS COLLATERAL ALSO EARN INTEREST?
Yes, all NEXO Tokens used as collateral will also earn interest. It doesn’t
matter if your tokens are in your Credit Line or Savings Wallet as long as they
are in your Nexo account.
WHAT ARE THE SMART CONTRACT ADDRESS, TOKEN SYMBOLS, AND DECIMALS?
Address: 0xb62132e35a6c13ee1ee0f84dc5d40bad8d8
Symbol: NEXO
Decimals: 18
BLOG
READ THE LATEST NEWS AND IMPORTANT UPDATES FROM NEXO.
Read Blog
Jun 17
NEXO’S CUSTODY AND INSURANCE IN DEPTH AND AT LENGTH
Read More
Product
Jun 17
DISPATCH #92: BEAT THE BEAR
Read More
Dispatch
Jun 10
DISPATCH #91: LANDMARK US CRYPTO LEGISLATION IS HERE
Read More
Dispatch
The world’s biggest crypto lender Nexo announced it officially backed its first
mortgage using the cryptocurrency so “Mighty Ducks” actor Brock Pierce could buy
a $1.2 million dollar home.
Nexo gives clients a tool that billionaires have had for years.
Brock Pierce backed the entire loan for the house with bitcoin. This was our
first ever crypto-backed mortgage.
Nexo, which is backed by TechCrunch founder Michael Arrington, has introduced
several initiatives over the last few months and recently became the first
project to accept XRP as collateral. The company which functions as a bridge
between the crypto world and the financial world.
Since the launch of Nexonomics, NEXO price has seen an increase of more than
480% with its market capitalization increasing from $68 million to its current
value of $383 million over a three-month period.
Nexo offered to provide immediate funding of up to $2 million per customer to
SALT Lending’s backlog of loan applicants.
The annualized dividend yield of NEXO is 4.80% which beats all dividend stocks
in Warren Buffet’s portfolio: Apple at 1.4%, JP Morgan at 3%, Wells Fargo at
3.3%, and Goldman Sachs at 1.6%[...] A truly borderless enterprise, Nexo offers
clients over 40+ fiat currencies to choose from in over 200 jurisdictions.
UNLOCK THE POWER OF YOUR CRYPTO
With the account that caters to your profit and prosperity through our leading
credit line service for digital assets and high-yield interest on your idle
savings.
Get Started
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Digital Assets Institution
Real-time audit by Armanino
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All or part of the Nexo Wallet Services, some features thereof, or some Digital
Assets, are not available in certain jurisdictions, including where restrictions
or limitations may apply, as indicated on the Nexo Platform and in the relevant
general terms and conditions.
Copyright 2022 Nexo. All rights reserved.
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When you visit any website, it may store or retrieve information on your
browser, mostly in the form of cookies. This information might be about you,
your preferences or your device and is mostly used to make the site work as you
expect it to. The information does not usually directly identify you, but it can
give you a more personalized web experience. Because we respect your right to
privacy, you can choose not to allow some types of cookies. Click on the
different category headings to find out more and change our default settings.
However, blocking some types of cookies may impact your experience of the site
and the services we are able to offer.
STRICTLY NECESSARY COOKIES
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These cookies are necessary for the Nexo Platform to function and cannot be
switched off in our systems. They are usually only set in response to actions
made by you which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the Nexo Platform may not
then work properly. These cookies do not store any personally identifiable
information.
PERFORMANCE COOKIES
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our Nexo Platform. They help us to know which pages
are the most and least popular and see how visitors move around the Nexo
Platform. All information these cookies collect is aggregated and therefore
anonymous. If you do not allow these cookies we will not know when you have
visited the Nexo Platform, and will not be able to monitor its performance.
FUNCTIONAL COOKIES
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These cookies enable the Nexo Platform to provide enhanced functionality and
personalisation. They may be set by us or by third party providers whose
services we have added to the Nexo Platform. If you do not allow these cookies
then some or all of these services may not function properly.
TARGETING COOKIES
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These cookies may be set through the Nexo Platform by our advertising partners.
They may be used by those companies to build a profile of your interests and
show you relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
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