Nexo v5.20.0

Do you have a substantial cryptocurrency portfolio? If the answer is yes, then you need a bank account that lets you keep them safe, manage them correctly, and generate profits through interest. Nexo offers all this to its clients.Nexo is a crypto asset financial institution with more than half a million clients worldwide, capable of authorizing loans in more than 45 fiat, Bitcoin, Ether, Litecoin, and other cryptocurrencies and offering daily interest on its assets.

Features:

Borrow money with cryptocurrency: Have you ever looked at your Bitcoin and other cryptocurrencies and sighed because you had no idea what to do with them? Unless you’re a pro trader, it’s a waste to just let them sit there. Well, Nexo lets you pawn them off for a loan! That means you put your crypto assets in, like a bet, and Nexo puts real money in your pocket without having to sell your coins. Who doesn’t like having to keep your assets and have money to spend? You can borrow dollars, euros, or stablecoins like USDT, USDC.The good thing about this game is that you don’t have to worry about sky-high interest rates like traditional banks. Nexo has a low interest rate policy that you can pay in installments. Depending on the virtual assets you pledge, you can borrow the corresponding amount. Very easy, right?

Earn interest from cryptocurrencies: Cryptocurrencies, in addition to the dizzying price fluctuations, can now also help you earn interest. Nexo has a great feature called “Earn”. You just put your coins in here and wait to collect interest. The interest rates offered by Nexo are higher than traditional banks. About 8% – 12% a year for stablecoins, and cryptocurrencies like Bitcoin and Ethereum are not bad, around 4% – 8% a year. It’s very convenient to buy and sell, you can absolutely consider investing cryptocurrencies here.You just need to put your assets into Nexo and it will automatically calculate daily interest and pay it to your account. No need to do anything, just sit and count your money. And you don’t have to worry about liquidity. You can withdraw when you need to, no need to wait for the maturity date or anything. So if you have a bunch of coins and don’t know what to do, let it earn interest for you instead of leaving dead money in your wallet.

Nexo debit card: What can I do with my cryptocurrency? It’s a silly question when you can’t just go to a store and pay with Bitcoin. But wait! With Nexo, you can get a Nexo debit card. This is a super convenient card that allows you to pay anywhere without having to convert your cryptocurrency into cash first.Here’s how it works, you have crypto in Nexo and you want to spend it. Just swipe the card anywhere that accepts Visa or Mastercard, and voila! You’re swiping real money, but you’re actually spending crypto. And what’s even better is that Nexo even gives you cashback for every transaction you make. The cashback rate can be up to 2% in Bitcoin or 0.5% in Nexo Token (NEXO).

Convert cryptocurrency: What if I want to convert my crypto into dollars or euros? Well, Nexo has it all! With the Exchange feature, you can easily exchange between dozens of cryptocurrencies and fiat currencies in just a few steps. Nexo supports dozens of popular cryptocurrencies such as Bitcoin, Ethereum, Crypto… What’s more, not only can you exchange between coins, you can also exchange into fiat currencies like dollars and euros if you like.

Functions:

BUY CRYPTO & EARN INTEREST

Purchase from a curated list of digital assets and give them a place to grow on their own.

Buy, sell, and swap over 100 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), Cardano (ADA), Ripple (XRP), Avalanche (AVAX) BNB, USDT, USDC, and others. Get crypto cashback on any exchange.

Trade over 100 Futures contracts and capitalize on the market’s uptrends and downtrends.

Earn annual interest on your digital assets while keeping them available for trading. Enjoy daily payouts to your Savings Wallet and no lock-ups.

Maximize interest growth with Fixed-term Savings.

Earn high yields with Dual Investment’s Buy Low or Sell High strategies.

BORROW FUNDS WITHOUT SELLING YOUR CRYPTO

Use your portfolio as collateral and unlock liquidity with Nexo’s Credit Line.

Get same-day approval with no credit checks.

Borrow from as low as 2.9% annual interest.

Repay at your own pace with no fee schedule.

SPEND ANYWHERE WITH THE NEXO CARD

Switch seamlessly between Credit and Debit Mode.

Get up to 2% crypto cashback on purchases in Credit Mode.

Earn up to 14% annual interest on funds in Debit Mode.

Pay at over 100 million merchants.

GET MORE WITH THE LOYALTY PROGRAM

Earn more and borrow for less by climbing Loyalty Tiers.

Up to 2x higher earn and up to 2x lower borrow rates.

Climb tiers automatically by holding NEXO Tokens.

1 free monthly withdrawal on BTC and ETH networks.

CYBERSECURITY COMES FIRST

Nexo’s strong fundamentals support your digital assets.

256-bit encryption

ISO 27001:2013 and SOC 2 Type 2 certification

Address whitelisting and 2FA

Withdrawal confirmations and log-in alerts

24/7 customer support

Comments:

I had sent xrp without a tag to a friend on an exchange. The exchange had sent it back to NEXO.Nexo then asked me many many questions including requesting a video from my buddy showing the transfer history on his account proving the payment belonged to my action.I was at many stages not frustrated but thought why so complicated, but after finishing all the security tasks and receiving my wrong sent xrp back, I actually understood the quality of nexo security standards. Which then satisfied me even more.I'm planning to move some more coins to nexo now, because I feel very safer. Honestly, safer then a cold wallet I could buy. I can loose my cold wallet, my apartment can burn down, but NEXO is doing "securing coins" all day long with a high standard. With highly skilled personnel who are aware every day aware of the latest threats that may occur.

My experience with Nexo in dealing with my query was quick and efficient. I was able to get on resolving my query and continue with my busy day at work. This experience gave me peace of mind that if I need assistance again I am confident with Nexo's professionalism.Thank you Nexo!

Reliable customer support with a personable touch on all levels. I'd suggest for anyone to attain a business relationship with them whether you're a newcomer or a seasoned vet. I'm a 15yr+ developer and crypto/ financial enthusiast, I've dealt with an abundance of teams internationally and I'm still awe struck at the level of personable support I've experienced with NEXO. Beyond and backwards, you're all awesome.

Final Verdict:

Nexo is the premier wealth platform for digital assets trusted by over 7 million clients in over 150 jurisdictions. Since 2018, we have been driving the next generation of wealth through innovative solutions that empower forward-thinking investors to seize the growth potential of digital assets.