Nexo
Nexo Interest Rates
- BTC Bitcoin
- 4%up to 6%Tiered rate for first 1 BTC
- ETH Ethereum
- 5%up to 7%Tiered rate for first: 50 ETH
- XRP Ripple
- 5%up to 7%
- SOL Solana
- 5%up to 7%
- LTC Litecoin
- 5%up to 7%
- DOGE Dogecoin
- 1%up to 3%
- USDT USDC Stablecoin
- 11%up to 13% ↑
Max Rate Requirements
Lockup terms for 1 month (adds 1%). Loyalty level based upon holdings in NEXO token. Earn max rate by earning in NEXO (adds +2%).
Bonus for new users
Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
- Compounding Interest
- Yes
- Payouts
- Daily
- Fees
- Limited free withdrawls per month
- Lockup Period
- None or 1 month
- Founded
- 2017
- Token
- NEXO
- Headquarters
- London, UK
- Availability
- Worldwide (excluding US and Canada)
- custodial
- interest
- lending
- loans
- usdc
- usdt
Nexo Review
Nexo is one of the most popular crypto interest account platforms, with Nexo Earn.
Nexo offers a crypto credit card, competitive crypto interest rates, and does not require lock-up periods, although you can earn an additional 1% with a 1-month term lock up (completely optional and a manual process that needs to be renewed each month)
You also get free withdrawals (1-5 per month), depending on loyalty level.
Nexo pays interest for popular altcoins like Solana (SOL), Ripple (XRP), Avalanche (AVAX), Sonic (S) and Polygon (MATIC).
Being a crypto lending company, Nexo pays interest on your deposits that it loans out to other customers (either individuals or institutions).
Nexo has focused on keeping its financial health by focusing on strong fundamentals, including over-collateralization to weather volatile markets, real-time audits by a third-party and market-neutral strategies to keep risks low. However, all crypto lending platforms carry a certain amount of risk that needs to be considered when entrusting your funds to any custodial service.
Is Nexo available in the US?
Nexo does not pay interest on crypto in the United States of America and Canada. See other crypto interest account platforms available in the US.
How are rates determined?
Nexo introduced balance limits and variable interest rates depending on:
- your loyalty tier (the amount of Nexo tokens in your account)
- type of interest paid out (in kind or in Nexo tokens, which gains more)
- type of savings term (flex or fixed, which gains more)
Pros
- Fair rates for all coins deposited
- Popular platform
- 1-5 free withdrawal per month depending on loyalty tier
Cons
- Not available in the US
- Hard to know exactly the rate you are earning
Nexo FAQ
Does Nexo pay compound interest?
Yes, Nexo pays compound interest.
How often do you receive payouts at Nexo?
Daily.
Where is the Nexo headquartered/located?
Nexo is located in London, UK.
Where is Nexo available (what countries is Nexo available)?
Worldwide (excluding US and Canada).
When was Nexo founded?
Nexo was founded in 2017.
Is Nexo available in the USA?
No, Nexo is not available in the USA.
Does Nexo pay interest on Bitcoin?
Yes, Nexo pays interest on Bitcoin.
Does Nexo pay interest on Ethereum?
Yes, Nexo pays interest on Ethereum.
Does Nexo pay interest on Dogecoin?
Yes, Nexo pays interest on Dogecoin.
Nexo Alternatives
You May Also Like...
