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About Nexo

Nexo is one of the world’s leading digital assets institution. Nexo has already processed $30+ billion for over 1.5 million users across more than 200 jurisdictions.

Security

To ensure the provision of their clients’ portfolio of services in full compliance with all applicable and local regulations and standards, Nexo holds all the necessary licenses and registrations in every jurisdiction worldwide.

Asset Guarantee

The value of all assets held in Nexo is guaranteed for up to $375 million by industry-renowned custodians (BitGo and Ledger Vault, among others) and the leading authorities in compliance.

Real-time Reserves Audit

Nexo announced in Sep 2021 that Armanino LLP now offers a real-time audit of Nexo’s custodial assets, showing the company’s assets always exceed liabilities. Armanino is one of the leading accounting firms in the U.S. and counts Kraken, Uber, and DoorDash among its clients.

In becoming the first crypto lender to publicly open its books through an independent, real-time attestation, Nexo is establishing a transparency benchmark and nurturing customer trust.

For investors, this means:

• holdings on Nexo’s platform are backed by assets by more than 100%.
• Third-party assurance that your funds on the Nexo platform are properly managed and accounted for.
• 24/7 proof of Nexo’s ability to meet all liabilities owed to you at any time.

Withdrawal Fees

Nexo revamped it’s withdrawal policy on 1 August 2023.

• Free Crypto Withdrawals Policy: crypto withdrawals on all supported chains, excluding the Bitcoin and Ethereum networks, are completely FREE for all Loyalty tiers with no limitations.
• For Platinum Users: In addition to the above, Platinum users also get one free withdrawal per month on either the Bitcoin or Ethereum networks.
• The Nexo Multichain Bridge: using this bridge for multichain assets like USDT, USDC, DAI, BUSD, ETH, LINK, MATIC, AAVE, and SUSHI, offers users zero-cost cross-chain exchanges and free withdrawal options for various assets.

Staying Connected

You can find the latest industry news and Nexo insights on:

• Nexo’s blog
• Facebook
• Instagram
• Reddit
• Telegram
• Twitter
• YouTube

Product Overview

Buy

Purchase all your favorite cryptocurrencies securely and directly on the Nexo platform.

Supported Cryptocurrencies

Check out the latest list of supported cryptocurrencies here.

As of Oct 2021, 18 cryptocurrencies are supported:

• Bitcoin BTC
• Ethereum ETH
• Ripple XRP
• Tether USDT
• NEXO Token NEXO
• USD Coin USDC
• DAI DAI
• Bitcoin Cash BCH
• Litecoin LTC
• EOS EOS
• Stellar XLM
• PAXG PAXG
• Chainlink LINK
• Tron TRX
• Polkadot DOT
• Cardano ADA
• Dogecoin DOGE
• Solana SOL (added on 4 Oct 2021)

Exchange

Besides allowing you to swap between 100+ crypto and fiat currency pairs, the Nexo Exchange offers you the best prices currently available on the market, with zero fluctuations and instant updates on your balances when you place an order. All of this is possible because of the Nexo Exchange’s Smart Routing System.

The Smart Routing System is connected to the most trusted and well-capitalized exchanges, and Nexo gives you a quote based on the best spot price and volumes from multiple exchanges. This means you always get the best available price on the market.

Watch the following Youtube video to learn how to use the Nexo Exchange, what are its benefits and how to utilize them to your best advantage.

Earn

Get up to 12% interest, paid out daily on your crypto and fiat currencies. To start earning, just transfer assets in from any exchange, wallet, or bank account.

Flex

Withdraw your funds at any time, depending on your day-to-day needs.

• Flexibility: Withdraw your funds at any time.
• No-lock-ins: You don’t need to lock your assets, plus there’s no minimum contribution.
• Earn BIG: Receive up to 7% interest on cryptocurrencies, 8% on fiat, and 12% on stablecoins.

Fixed

Fixed Terms offer you the highest savings yields available on Nexo.

• Crypto: Up to 8% on crypto with 1-month lock-in.
• Fiat: Up to 12% on fiat currencies with a 3-month lock-in.

Borrow

Instant Crypto Credit Lines™ provide borrowing rates starting from 6.9% APR.

NEXO Token

NEXO Tokens are a fundamental part of Nexo’s Loyalty Program – more tokens in your Nexo Wallet mean higher yields on your savings and lower interest for your credit line.

Perks of holding NEXO tokens

• Bonus Yields: Get preferential yields of up to 2% APY on crypto, fiat, and stablecoins.
• Interest Discount: Get up to 50% lower interest rates on your credit line withdrawals.
• Free withdrawals: Enjoy up to 5 free crypto withdrawals, depending on the number of NEXO Tokens in your portfolio.
• Earn in NEXO: Receive an extra 2% savings interest when you opt to receive your payout in NEXO Tokens.

How to buy NEXO tokens

You can acquire NEXO Tokens in three ways:

• Through the Nexo Exchange,
• the Changelly integration in your Nexo Wallet,
• or a third-party exchange.

My Experience

After signing up, I was bombarded with emails from Nexo like 2-3 times daily about all their products and it was borderline irritating. Some content were repetitive and I hope they would tone down their marketing after a week or two, otherwise I would unsubscribe for future updates.

Nexo’s Advanced Verification is implemented using Jumio KYC platform and is very convenient.

For Singaporeans, you need to take photos of the front and back of your ID, and follow some simple instructions for facial recognition using your mobile’s camera.

Learn more on crypto investing in Singapore