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Nexo Review — Is Nexo Legit, Safe, & Worth Your Time & Money?

Hey! are you looking for an alternative to traditional banking in cryptocurrency? Do you prefer favorable interest rates and guaranteed loans based on crypto collateral?

Nexo Review

Nexo could be another great opportunity for you. Nexo is a blockchain system that supports crypto-lending, lending and recently betting. As of December 7th, users can earn 4–12% APY for staking Ethereum, regardless of loyalty level or staked amount.

This means you can get fiat currency whenever you need it, but also make money from your idle crypto assets. In this article, we’ll cover everything you need to know about Nexo, how it works, and what the pros and cons are.

Whenever you’re ready to discover an opportunity to bank on cryptocurrencies, keep reading.

Visit Nexo Here!

What Is Nexo?

Nexo is a unique lending platform that allows you to earn interest on your cryptocurrency investments. Interest rates vary by distribution method and coin, but you can expect to earn between 6% and 12% APR. Nexo is based in Switzerland, which makes it less vulnerable to increasing US regulation of cryptocurrency lending platforms.

Nexo Review

Nexo also allows you to take out loans based on the amount of cryptocurrency in your account without selling your coins and buying them back. Interest rates for loans start at 5.90% APR. Although you cannot currently buy or sell cryptocurrencies through the Nexo platform, the crypto savings account provider offers investors a high-yield method to cash in on idle coins and fiat.

Nexo is backed by blockchain technology, which ensures transparency in its operations. It also facilitates the processing of smart contracts on Ethereum and stores relevant tokenized data for transactions.

What Does Nexo Offer?

Nexo gives users instant access to crypto-backed loans. Unlike traditional institutions, users can get crypto loans that are not dependent on credit scores.

With Nexo, users can also earn interest by lending their cryptocurrencies. Other products offered by Nexo are Nexo Wallet, Nexo Card, and Booster.

Let’s dive deeper into its main offering.

Visit Nexo Here!

1. Instant Loans

Nexo offers instant crypto credit lines where you can borrow cash with your crypto as collateral. This means you have instant access to funds without having to sell your cryptocurrencies.

The advantage of Nexo loans is that they are easy to obtain compared to traditional loans. There are no credit checks and no paperwork to fill out.

Standard loan rates are at 13.9% APR. You can sign up for premium tiers where rates can drop as low as 0%.

Loans are available from $50 to $2 million. You can borrow depending on the amount of crypto stored as collateral. For example, your credit amount will be 50% of the deposit for Bitcoin and Ether deposits. For other cryptocurrencies, the credit amount may be larger or smaller.

When the value of your deposits falls, you will be required to maintain your collateral by increasing it. This is to prevent Nexo from selling your collateral to pay off your loan.

How to borrow cash with Nexo
  • Create your Nexo account.
  • Perform the required verifications (KYC and AML).
  • Deposit crypto assets into your Nexo account. Nexo currently supports more than 60 collateral options. You can choose any of them as a pledge.
  • Your credit line is available immediately. You can access it in more than 40 currencies.
  • Download and start spending.

Note: When you spend the borrowed amount, you avoid a taxable transaction. This is because you didn’t sell your crypto. You can learn more about how crypto taxes work.

2. Earning Interest

With Nexo, you can earn interest on your idle crypto assets. This interest is compounded and paid daily. The interest you earn varies based on your assets and the amount of NEXO tokens you hold in your wallet.

Nexo Review

The base interest rates for Bitcoin and Ether are currently 4% and 5% APR respectively. Being in the platinum tier — more than 10% of your portfolio is in NEXO — increases your rate to around 7% and 8% for bitcoin and ether. Other crypto assets can even give you much higher rates.

Earning interest on your crypto assets with Nexo can be a passive income. Your cryptocurrency works for you while you hold it until the price rises.

In addition, Nexo offers you flexibility when it comes to earnings and withdrawals. You can withdraw at any time without losing any accrued interest. In addition, you pay no fees for deposits and withdrawals.

How to start earning interest with Nexo
  • Create your Nexo account.
  • Perform the required verifications (KYC and AML).
  • Deposit crypto assets into your Nexo account.
  • Start earning.

Note: Nexo has suspended the Earn Interest product for US customers. This is because of a cease and desist order issued to them by various states in the US.

3. Ethereum Staking Rewards

With the launch of “Smart Staking”, Nexo users can help validate and secure the Ethereum network by exchanging ETH for Nexo Staked ETH (NETH) and earn staking rewards between 4% and 12% APY.

There are no balance limits, so you can bet as much or as little as $10 as you want and earn the same APY. There are also no gas charges as the verification is done on behalf of the user.

Another great feature of Smart Staking is the ability to borrow cash (or stablecoins) against NETH and earn interest on your collateral. NETH can be used with collateral with an LTV of 30% while you continue to earn interest.

How to Stake ETH with Nexo
  • Create your Nexo account.
  • Perform the required verifications (KYC and AML).
  • Open Nexo Exchange.
  • Exchange ETH for NETH.
  • Start earning rewards.

4. Nexo Card

Accepted by over 90 million merchants worldwide, the Nexo card allows you to spend without selling your crypto. This is possible because it extends Nexo’s Instant Crypto credit lines.

Whenever you use your card, Nexo gives you fiat to spend in exchange for using your cryptocurrency as security for repayment. Repayment interest rates range from 0% to 13.9% APR. You can make purchases with the “0% APR” option if you enable it in the Card Settings menu under the Card tab.

Nexo offers instant rewards on every purchase made with the card. This reward is paid in Bitcoins or Nexo Tokens. You can earn up to 0.5% of every purchase in Bitcoin or up to 2% with Nexo Tokens.

The Nexo card is available virtually and physically. The virtual card can be activated immediately and integrated with Google Pay and Apple Pay.

How to activate Nexo virtual card

Activating your virtual Nexo card is almost instant:

  • Open the Nexo app and tap on the ‘Card’ section.
  • Click the ‘Activate Nexo Card’ button to issue your virtual card.
  • Add your card to Apple Pay or Google Pay.
  • Now you are ready to make your first transaction!

Nexo Review — Key Features

In addition to the benefits outlined above, there are a few key features that make Nexo stand out in the crowd. These include:

  1. Credit card: Nexo’s credit card gives users the potential to purchase everyday items with their crypto backing, which only a few other platforms offer.
  2. Rewards system: Users outside of the U.S. can invest in Nexo’s native coin, NEXO, and rise through their tier system. As they do so, they’ll gain advantages such as interest on crypto holdings and lower interest rates on lending.
  3. Low-interest lending: Nexo’s higher loyalty tiers offer very good rates on services such as lending — with their highest tier only requiring a 6.9% interest on their loans.

What Nexo is Best For

  1. Low-interest crypto loans: Crypto users who want to borrow with the lowest rates possible may find Nexo to be a good option.
  2. Loyalty-based rewards programs: One of the features that make Nexo a standout is the loyalty program, which rewards users based on different loyalty tiers — and the benefits can be substantial for some tiers.
  3. Reasonably-sized selection of cryptocurrencies: While Nexo doesn’t offer the most crypto options to users, the selection is fine for most users.
  4. Transparent security and asset insurance: Security is a big deal in the crypto space, and Nexo is transparent about its efforts — which is a big plus for the platform.
  5. Centralized exchange: While centralized exchanges require more verification during account setup, these types of platforms can be a great option for new crypto users who are still getting their footing in the space.

Visit Nexo Here!

Nexo Review — Pros & Cons


  • Unique earning opportunities
  • Numerous features and products for crypto users
  • Loyalty earning opportunities
  • Transparency in security
  • Transparent security measures
  • Loan options for users


  • Complex system
  • No benefits without a native token
  • Region-locked programs

Nexo Review — FAQ

Is Nexo Safe?

Nexo has proven itself to be the safest crypto lending platform after Celsius and BlockFi both experienced liquidity issues in 2022, freezing customer funds and filing for bankruptcy.

Nexo is a regulated, compliant friendly, and the most reputable lending platform in the industry. The company carries insurance and users can see real-time, third-party conducted audit results on their website to show the platform’s financial health. Nexo follows AML and KYC standards and has extensive firewall server architecture, biometric-based ID verification, and segregated multi-signature cold wallets to secure funds.

Though, every crypto holder needs to determine for themselves if the risk of keeping funds on a non-custodial platform is worth the reward. Both BlockFi and Celsius were also considered “safe” at one time.

Is Nexo Better than a Bank Account?

Nexo and banks serve different functions. Nexo offers a higher APY than banks but also carries higher risk due to the inherent risks of crypto, and the fact banks can often expect bailouts from the government if they get into trouble.

Absolutely Nexo is better than a bank for those who are interested in crypto loans, crypto lending, and crypto cards, as they offer these services that most banks do not.

Is the NEXO token a good investment?

NEXO can be a good investment for some crypto holders, but it depends on the user. While Nexo is less versatile and more general-purpose than a lot of other exchanges, users who are looking for low-interest lending and an interesting crypto-backed credit card can benefit substantially by investing in the native tokens for this platform.

Is Nexo Regulated?

Yes, Nexo is a regulated and licensed digital currency provider that complies with regulations in over 200+ jurisdictions around the world.

Is Nexo right for you?

Nexo may offer the biggest benefit to users outside of the U.S. Because of the nature of its region-locked programs, any U.S. resident will be unable to be able to take advantage of many of the best features the platform has to offer. 

Those who are able to take advantage of these programs, though, will gain access to a high number of fee-free withdrawals and low-interest loans, both of which can be of big benefit to users.

Is the Nexo platform available in the U.S.?

Yes, U.S.-based users are able to trade on the Nexo platform and can access most of the features that international traders can access. 

However, the platform’s native coin, NEXO, as well as their “Earn” rewards program, are locked for U.S.-based users.

Nexo Review — Conclusion

Nexo has quickly grown to become the largest crypto lending platform in the world. A platform doesn’t reach that status without having an excellent product, platform, and team behind the show. Lending platforms are popular as they allow holders to unlock the value of their assets without having to sell them. 

Another prominent attraction is obviously the fantastic APYs which are higher than you will ever get at a traditional banking institution, and of course, the sweet cashback crypto card.

Crypto lending has quickly grown to become a billion-dollar industry, and crypto lending companies are enjoying some of the fastest growth and adoption in the entire crypto space.

Visit Nexo Here!

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