Nexo Interest Rates

Nexo is a leading crypto platform that offers borrowing, savings and payment solutions for various digital assets such as Bitcoin, Ethereum and USDC. Offering competitive yields on crypto deposits, Nexo has established itself as a secure platform to store and grow your crypto investments. You can find the latest Nexo interest rates below.
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Overview of Nexo

Founded in 2017 and headquartered in Zug, Switzerland. Nexo is a cryptocurrency lending platform that offers instant loans using crypto assets as collateral, interest savings accounts for crypto deposits and a whole suite of financial products for cryptocurrencies.

With Nexo, you can get a loan in over 45 fiat currencies and stablecoins, including USD, EUR, GBP, JPY, and more. You can also choose to receive your loan in any of the supported cryptocurrencies, including BTC, ETH, XRP, BNB, and stablecoins such as USDC and PAX.

Nexo has built a reputation for being a reliable and user-friendly lending platform. It has a simple interface that makes it easy to get started with borrowing or lending. The platform also offers competitive interest rates and terms.

The Nexo team has a strong track record in the financial sector. Its co-founders, Kosta Kantchev and Georgi Shulev have a combined 30 years of experience in banking and fintech.

Nexo is led by CEO Antoni Trenchev and COO Kosta Kantchev. Trenchev is a co-founder of the Bulgarian fintech company Storj. Kantchev is a former management consultant at Deloitte. The team also includes advisor Mike Novogratz, who is the CEO of Galaxy Digital.

The platform was launched in 2018 and is currently one of the most popular crypto lending platforms. It has processed over $1 billion in loans and currently has over 250,000 users.

What are the main services offered by Nexo?

Nexo offers a number of different services that are designed to help you make the most of your crypto assets. These include:


With Nexo's "Buy" feature, you can use your credit or debit card to instantly purchase cryptocurrencies. The process is simple and straightforward, and you can get started with as little as $25. Nexo offers over 40 different cryptocurrencies to buy.


If you need to cash out your crypto holdings, Nexo's "Sell" feature lets you do just that. You can sell your crypto directly to Nexo and receive instant cash, which can be used to pay bills, buy goods and services, or simply withdraw to your bank account.


With Nexo's "Earn" feature, you can earn up to 12% per year on your crypto holdings. simply by depositing your crypto into your Nexo account and selecting the "Earn" option. Interest is paid in the form of NEXO Tokens or “in-kind” in the cryptocurrency deposited. For example, if you were to deposit Bitcoin into a Nexo Earn account, you’ll have the option of receiving your interest payments in Bitcoin itself or in NEXO tokens. Interest rates in NEXO tokens are higher than “in-kind” interest payments, but carry more risk as the NEXO token can have more price volatility.


Nexo's "Exchange" feature lets you instantly exchange one cryptocurrency for another. The process is simple and straightforward, and you can get started with as little as $25. If you hold NEXO tokens, you may also be eligible for up to 0.5% cashback in BTC, for every exchange that you do.


With Nexo's "Borrow" feature, you can instantly borrow cash against your cryptocurrency holdings. Loans are given in the form of stablecoins, which are pegged to the US dollar. This means that you can borrow cash without having to sell your crypto or incur a taxable event.

When you borrow from Nexo, you’ll be required to put up collateral, in the form of another cryptocurrency or stablecoin. The collateral amount will be greater than the amount you borrow (over collateralized). So if you fail to repay your loan, Nexo will be able to liquidate your collateral to recoup the principal.

You can borrow up to $2 million USD worth of crypto without requiring you to sell your assets. If your loan amount is denominated in a stablecoin, such as USDC or PAX, the loan limit is $3 million.


With Nexo's "Booster" feature, you can increase your leverage by up to 3x. This allows you to leverage your crypto exposure by using your existing crypto holdings. The way it works is that you add collateral in the form of crypto to your account, and Nexo will then add more leverage to your long position. If price goes up, your gains will be magnified by up to 3 times. However ff the price goes down, your losses will also be magnified.

Nexo Card

The Nexo Card is a Visa debit card that allows you to spend your crypto holdings anywhere Visa is accepted.

The card doesn’t spend the crypto you have in your Nexo account. Rather, each time you spend on your Nexo card, an equivalent loan is taken out on the Nexo Platform. The benefit of this is that you never have to sell your cryptocurrency and incur a taxable gain/loss.

To get started, simply order a card and deposit your crypto into your Nexo account. The card is currently available in Europe and soon will be available in the US.

Nexo Prime

Nexo Prime is Nexo’s institutional focused trading and custody service. Nexo Prime offers white gloved crypto brokerage services to companies, financial institutions and high net worth individuals.

NFT Lending

Nexo offers NFT lending, which allows you to borrow against your NFT holdings. This allows NFT owners to access liquidity from their NFT assets, without incurring a taxable event.

Currently, NFT loans are available for CryptoPunks and Bored Ape Yacht Club NFTs. Owners of these NFT assets can borrow upto 20% of their value in the form of stablecoins, which are pegged to the US dollar.

Nexo Token

The Nexo Token (NEXO) is the native token of the Nexo platform. NEXO tokens are used to pay interest on loans, and can also be used to receive discounts on fees and increased yield on savings deposits. NEXO tokens are listed on a number of exchanges, and can be bought and sold like any other cryptocurrency.

What security measures does Nexo have in place?

Nexo has a number of security measures in place to protect your account and your assets. These include:

Two-Factor Authentication: Two-factor authentication is required for all account login attempts. This adds an extra layer of security to your account, in addition to username and password.

Asset Protection: Nexo uses multiple layers of security to protect your assets, including offline storage, encryption, and insurance.

What is NEXO token?

NEXO is the native cryptocurrency for the platform. Users who own NEXO token receive discounted borrowing rates on crypto loans, and higher interest rates on crypto savings deposits along with other loyalty benefits.

Just like any other cryptocurrency, you can quickly buy and sell the NEXO token on a number of cryptocurrency exchanges, including itself.

How does Nexo make money?

Nexo makes money by charging interest on the loans that they provide. The interest rates are variable and depend on the type of loan, the amount borrowed, and the length of the loan term. Nexo also charges a one-time origination fee of 10% on all loans.

Nexo has developed a proprietary algorithm that allows them to assess risk and offer competitive interest rates to their borrowers. The algorithm takes into account factors such as the volatility of the collateral asset, the loan-to-value ratio, and the borrower's credit history on the Nexo platform. This lending algorithm ensures that Nexo is able to offer its users competitive interest rates, while minimizing risk.

Nexo also charges a platform fee of 1% for each transaction. This fee is used to cover the costs of operating the platform and to ensure its long-term sustainability.

Is Nexo safe to use?

In terms of crypto lending platform security, Nexo is an industry leader in risk management. It is a secure and flexible platform that can accommodate different needs, while also making the safety and security of user funds as its highest priority.

Nexo works with accounting firm Armanino LLP to provide real-time monitoring and transparency of its exchange reserves. Users are able to verify in real-time, if Nexo is able to meet all of its customer’s deposit obligations.

Nexo also works with governments and financial regulators around the world to ensure that they meet licensing and regulatory requirements to operate safely in those jurisdictions. Financial compliance and security are at the forefront of how Nexo operates as a business.

On the credit side, Nexo has strict collateral requirements for all borrowers on their platform. Over collateralized loans help to make certain that Nexo can always meet customer withdrawal requests, even if borrowers default on their loans. These strict collateral requirements also apply to Nexo Prime clients, who are often large companies and institutions.

Is Nexo regulated?

Nexo has over 40 licenses and registrations from various governments and regulatory bodies around the world. Notably, NEXO is a registered money service business in the U.S, under FINCEN and the Financial Conduct Authority (FCA) in the UK.

Anti-money laundering (AML) and countering the financing of terrorism (CFT) are also important aspects of the Nexo platform. The company has implemented policies and procedures to prevent and detect money laundering and terrorist activity.

Data protection and security are also taken seriously by Nexo. The platform uses SSL encryption to protect user data. All financial transactions on the platform are processed by Commerzbank AG, one of the largest banks in Germany.

Does Nexo insure deposits?

Similar to most other crypto platforms, Nexo does not offer federal deposit insurance. Digital assets such as Bitcoin, Ethereum or Stablecoins are not considered legal tender in most developed countries. As such, the governments in these countries do not have federally mandated deposit insurance for users of these platforms and assets.

However, their crypto custody partners, such as Ledger Vault, BitGo and Bakkt, collectively hold over $775 million USD in insurance on the digital assets they custody. These insurance policies are underwritten by well-known institutions such as Lloyd’s of London, and Marsh & Аrch.

In what countries is Nexo available?

Nexo is available in more than 50 countries around the world. The company has a team of financial experts who are familiar with the local laws and regulations of each country. This allows Nexo to offer its services to a wide range of customers.

Some of the countries where Nexo is available include:

  • United States
  • Canada
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Luxembourg
  • Switzerland
  • Austria
  • Finland
  • Denmark
  • Norway
  • Sweden
  • Iceland

How do I open a Nexo account?

To open a Nexo account, you will need to provide your email address and create a password. You will then need to verify your identity by providing some personal information and uploading a photo ID. Once your account is verified, you can deposit crypto or fiat currencies and start borrowing or lending.

Once your Nexo account is open, you can deposit crypto or fiat currencies into Nexo. To deposit crypto, you will need to generate a wallet address for the desired currency and send the funds to that address. To deposit fiat, you will need to link a bank account and initiate a transfer from your bank to Nexo.

For crypto deposits, funds typically become available within minutes. For fiat deposits, it can take up to 3 business days for the funds to become available.

You can also withdraw crypto or fiat currencies from your Nexo account at anytime. To withdraw crypto, you will need to generate a wallet address for the desired currency and send the funds to that address. To withdraw fiat, you will need to link a bank account and initiate a transfer from Nexo to your bank.

How to withdraw from Nexo

Withdraw to your bank account

Withdrawing USD, GBP or EUR from Nexo can be done by going to your wallet screen and selecting “Transfer” next to the fiat currency you’re looking to withdraw. After selecting your withdrawal method, currency and amount, you’ll be asked to provide your bank account details. Withdrawals take up to 5 business days to process depending on the currency and withdrawal method selected.

Withdraw crypto from Nexo

You can withdraw any supported cryptocurrency from Nexo by going to your Nexo wallet and selling “Withdraw” next to the currency you want to withdraw. You’ll then be prompted to enter the withdrawal wallet address. Be sure to verify the wallet address and blockchain network before confirming the withdrawal request.

What sort of customer support does Nexo offer?

Nexo offers 24/7 customer support via live chat, and email. The most common issues that customers experience are related to account verification, deposits and withdrawals, and trading. Nexo also has a comprehensive FAQ section on their website that covers all major topics. If you are experiencing an issue, we recommend first checking the FAQ section to see if your issue can be resolved without contacting customer support.

Ⓒ 2022

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