We may earn a commission from links on our site, but this doesn’t affect our reviews. Advertiser Disclosure

Nexo Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
Nexo logo
4.66
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Nexo

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Nexo Review perfectly captures the spirit of a modern crypto exchange with its expansive selection of services, from Nexo Earn and Nexo Exchange to its lending products. Nexo’s commitment to user experience, security and innovative financial solutions makes it a noteworthy option for those seeking comprehensive digital asset management strategies.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Offers instant crypto credit lines
  • High-yield interest on crypto savings
  • Supports a wide range of cryptocurrencies
  • No minimum repayment requirements on credit lines
  • Provides a native utility token, NEXO, with benefits

Cons

  • Higher interest rates on credit lines if not using NEXO tokens
  • Limited information on security measures
  • Withdrawal limits for unverified users
  • No phone customer support
  • Lack of advanced trading features for experienced traders

Quick Summary

Headquarters Location Zug, Switzerland
Fiat Currencies Supported USD, GBP, EUR
Total Supported Cryptocurrencies 76+
Trading Fees 0.12% - 0.20%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Nexo Review provides users looking to maximize the use of digital assets with services tailored specifically for them. Focusing on user accessibility and feature richness, this review explores what sets Nexo apart in an otherwise oversaturated crypto exchange market.

Nexo homepage

Nexo stands out in an ever-evolving landscape of cryptocurrency exchanges by providing features tailored specifically to meet the evolving needs of investors today. Nexo is known for blending agile cryptocurrency platforms with established financial services, thus drawing in an impressive user base from various backgrounds.

Nexo stands out as an attractive exchange option due to its versatility.

About Nexo

Nexo was launched with the goal of connecting traditional finance with digital economics. Since its foundation during early days of blockchain technology, its team combines knowledge from both finance and tech sectors to be at the forefront of cryptocurrency.

Over time, Nexo has expanded to offer not just trading services but also advanced financial products like lending and borrowing, providing users with more freedom in managing their assets.

Nexo features

Nexo’s journey has been marked by significant milestones that reflect major developments in the cryptocurrency market. Since its inception, Nexo has expanded its suite of offerings in response to growing customer demand for more comprehensive crypto services.

This progression has been overseen by a core founding team who have strategically positioned the exchange to take advantage of market trends, such as an upsurge in borrowing/lending platforms or increased interest in digital assets as passive income sources.

Nexo has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.

Nexo has a mobile app on both the Apple App Store and Google Play.

Nexo Supported Cryptocurrencies

Nexo supports trading on over 76 cryptocurrencies on their platform. This exchange currently supports 22 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • NEAR Protocol (NEAR)
  • Dai (DAI)
  • UNUS SED LEO (LEO)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Kaspa (KAS)
  • Ethereum Classic (ETC)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies Nexo supports

Trading Experience

Nexo provides an intuitive user experience and offers a range of trading features tailored for both novices and seasoned traders alike. Its Smart Routing System facilitates quick order execution while its advanced features cater to those interested in volatile assets or developing sophisticated trading strategies.

Nexo Pro provides enhanced trading experiences.

Trading on Nexo is both efficient and sophisticated; its comprehensive trading tools support various investment strategies aimed at volatile assets.

Nexo Pro expands on this concept by offering traders advanced features and more fine-grained control over their trading activities.

Nexo exchange marketing

Nexo Fees

Nexo’s fee structure is intended to be competitive and transparent, without hidden costs. Our platform uses an adaptive model which adapts according to market conditions so users are always getting fair rates.

Fees vary based on services rendered, including trades, withdrawals and loan interest payments.

Nexo’s fee model demonstrates its commitment to fairness and adaptability, offering users with transparent rates competitive prices an attractive platform.

Fee structures designed to reflect the changing needs of its user base help keep this exchange relevant in an ever-evolving market.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.12% - 0.20%
Withdrawal Fee (Bank Transfer) 0%

Nexo has a maker/taker fee schedule which you can see below.

Pricing Tier Taker Maker
Up to $10K 0.20% 0.20%
$10K – $50K 0.18% 0.18%
$50K – $100K 0.16% 0.14%
$100K – $1M 0.14% 0.12%
$1M – $10M 0.12% 0.10%
$10M – $100M 0.10% 0.08%
$100M – $200M 0.09% 0.06%
$200M – $500M 0.08% 0.05%
$500M+ 0.07% 0.04%

Security - Is Nexo Safe?

Nexo places the highest importance on security, employing stringent measures such as biometric identification to safeguard customer funds and personal data. Furthermore, it complies with major regulatory standards, guaranteeing legal compliance across its operations.

Nexo prides itself on maintaining an environment conducive to managing cryptocurrency safely. Through this commitment to safety, we continue to uphold its trusted status for cryptocurrency management.

Nexo’s multi-layered security infrastructure demonstrates their dedication to protecting user interests. Utilizing both advanced security protocols and compliance measures, this exchange ensures users’ digital assets and personal information remain safe from unwarranted access.

Nexo’s unwavering commitment to security helps build trust with its active users and positions it as a bastion of safety in the cryptocurrency space.

Nexo Customer Support

Nexo takes great pride in its customer support services, providing multiple channels through which users can receive assistance. Nexo’s customer care team has earned a reputation for prompt and competent response time to any customer queries posed, guaranteeing prompt resolution to each inquiry promptly and effectively.

This proves the platform’s dedication to user satisfaction.

Nexo’s customer support embodies its user-centric philosophy. Going beyond simply problem solving, this comprehensive support system aims to enhance overall user experiences.

At the exchange, customer service excellence remains at the core of its operations and ensures it maintains its position as a user-friendly platform.

Nexo support

Nexo Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Nexo

  1. Create Account - Visit the Nexo website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Nexo Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
395+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
253+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
364+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Nexo proves its prowess as a comprehensive crypto platform that goes far beyond mere trading. Users looking for additional uses for their cryptocurrency holdings–ranging from earning interest without selling to accessing credit–find it useful as one stop shopping solution.

Crypto exchanges such as Nexo are playing an essential part in shaping the future of digital finance, offering access to investments previously only available within niche markets. Industry trends indicate a shift towards platforms that provide trading, lending and borrowing services tailored specifically for user financial journeys.

These platforms are creating the groundwork for an inclusive financial ecosystem.

Nexo FAQs

When considering the safety of using Nexo, it’s important to note that it employs several security measures such as encryption, multi-signature wallets, and two-factor authentication. Nexo has also partnered with custodians like BitGo to secure assets, which are insured for up to $100 million.

However, like any online platform, potential risks cannot be entirely eliminated, and users should conduct their own research and consider personal risk tolerance when using such services.

Nexo partners with several banks for its banking services, but the specific bank they use can depend on the user’s location and the particular service being utilized. They work with established financial institutions to manage fiat transactions, ensuring that users can transfer funds to and from their Nexo account.

Nexo withdrawals can vary in time, depending on factors such as the type of currency being withdrawn and network congestion. For cryptocurrencies, the withdrawal time is usually within 24 hours, but for fiat currencies, it could take several business days to process.

Yes, Nexo funds are insured. Nexo has partnered with reputable custodians like BitGo, which provides insurance for digital assets held in their custodial storage up to the value of $100 million.

Withdrawal limits on Nexo can depend on the user’s verification level and the currency being withdrawn. Nexo provides higher withdrawal limits for users who complete advanced verification processes.

It’s important to check the latest terms on the Nexo platform for current withdrawal limits.

Nexo has a fee structure for various services, including withdrawal fees for certain types of transactions. It is important for users to review the current fee schedule on Nexo’s official website, as fees can change and may depend on factors such as currency type and transaction size.

A Nexo account might be restricted for various reasons, including suspicious activity, the need for additional KYC (Know Your Customer) verification, or compliance with regulatory requirements. If a user’s account is restricted, it is advisable to contact Nexo’s customer support to understand the specific reasons and what steps can be taken to resolve the issue.

Nexo User Reviews

0.0 out of 5.0

0 reviews

5 Stars: 0%
4 Stars: 0%
3 Stars: 0%
2 Stars: 0%
1 Star: 0%

No reviews yet for Nexo - be the first to review!

Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: