- Exchanges
- 5 “Best” Exchanges
- Binance Review
- Bitbuy Review
- Bitpanda Review
- Bitstamp Review
- Bittrex Review
- Coinbase Review
- Coinberry Review
- Coindirect Review
- CoinSmart Review
- Crypto.com Review
- Easy Crypto Review
- eToro USA Review
- Gate.io Review
- Hoo.com Review
- Huobi Global Review
- Independent Reserve Review
- iTrust Capital Review
- Kraken Review
- Kriptomat Review
- Kucoin Review
- MyBTC Review
- Nexo Review
- OKX Review
- Paybis Review
- Poloniex Review
- Uphold Review
- WazirX Review
- Wirex Review
Nexo Review – Is it Legit? (October 2023)
Comprehensive and Unique Crypto Finance Platform
Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Trading also involves risk. Learn more about our affiliate & trading risk disclosure.
Trading Risk Disclaimer
There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.
This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.
Securities.io is not a registered broker, analyst, or investment advisor.
All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions.
Affiliate Disclaimer
Some of the links in this website either through images, text, audio or video are affiliate links. This means if you click on the link and purchase the item, the owner of this website will receive an affiliate commission.
Regardless, the owner of this website only recommends products or services that will add value to their readers. The owner of this website is disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: Guides Concerning the Use of Endorsements and Testimonials in Advertising:
This website may accept forms of cash advertising, sponsorship, paid insertions or other forms of compensation.
The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner(s) of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this website are purely the author. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.
This website does not contain any content which might present a conflict of interest.

Overall Rating
FAST FACTS
Account Minimum: $0
Fees: Competitive Fees
Best For: Earning Interest on Cryptocurrency
Warning: Trading in cryptocurrency is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
Nexo is a cryptocurrency platform and service which describes itself as one of the worlds leading digital asset institutions offering an all-in-one solution to buying, borrowing, and managing cryptocurrencies.
The company has been around since 2017 and now operates in over 200 jurisdictions providing service to more than 4 million users around the world while supporting dozens of cryptocurrencies, and fiat currencies, and providing a wide range of innovative features to traders.
What sets this platform apart is the ability to earn high interests from crypto that is held, we will dive into this in our review.
Pros
- High interest rates
- Daily interest payments available
- Several free monthly withdrawals
Cons
- Lack of clarity on fee structure
- Limited exchange offering
Trust
Trust and reputation of an exchange, broker, or any kind of service in the industry is crucial. From this standpoint, Nexo has performed well. Firstly, the company has been around since 2017. While this is not a huge amount of time, it is good within the sector and has allowed the company to cultivate a strong reputation in that time.
First off, users can be certain that their funds are safe. This is helped by a top-tier insurance policy that Nexo has in place. This insurance covers up to $375 million and is one of the most comprehensive in the industry. The company also increases transparency by working with Armanino to provide users with real-time audit figures of their custodial holdings. These can be viewed at any time through the following link. Nexo also has a number of security partners they work with to ensure that funds are always safe and that the service continues to run in a smooth and transparent manner. These partners include reputed names like BitGo and Vault.
Overall, the company has a strong reputation for providing a top-tier service that operates with a high level of accountability and works to ensure user assets are kept as safe as possible.
Investment Products
The asset range at Nexo is extensive. As an all-in-one service, the offering encompasses an exchange as well as the Nexo loan service. Through the exchange area of the company, users can trade in more than 300 market pairs including over 100 exotic pairs which may be more difficult to find elsewhere. The exchange also offers a smart routing system that ensures the best possible prices remain available.
When it comes to the other key aspects of the Nexo services, borrowing, lending, and earning, there is a range of options available to users. More than 35 popular cryptocurrencies can be purchased within 7 seconds using the Nexo buy function. This includes Bitcoin, Ethereum, USDC, USDT, and NEXO the native token of the company.
The Earn function of the service allows users to earn interest on crypto holdings which compounds and also can be paid out on a daily basis if desired.
Get better interest rates with Nexo’s Loyalty Program. Hold 10% or more of your Portfolio Balance in NEXO Tokens to get the highest earn rates, biggest rewards, and interest-free credit lines.
How much you earn depends on how much Nexo is held, for example*:
Base Level:
8% interest on stablecoins
Silver Level:
8.5% interest on stablecoins
Gold Level:
10% interest on stablecoins
Platinum Level:
12% interest on stablecoins
*Rates are subject to change, visit the website for more details.
As one of the cornerstone features of the company, the Nexo borrow service is also available and allows for borrowing at industry-low rates, instant approval, and fast transfer of funds in crypto to the borrower.
Commissions and Fees
Fees at Nexo are very competitive in all areas of their service. Using the exchange, the company keeps fees to a minimum and fixes prices at the moment you place a trade. This helps to create certainty around the price while they also take the best prices from the market using a number of sources. Up to 0.5% in crypto rewards is also available on trades.
Borrowing through Nexo is similarly low cost in nature. Borrowing rates start from 0% with no obligatory monthly repayment structure in place. Compounding interest on your holdings also allows you to earn based on your portfolio. This can be as much as 16% APR on crypto and 12% APR on stablecoins.
There are also no fees for moving crypto to or from our Nexo wallet. Users can benefit from 1-5 free crypto withdrawals on a monthly basis. This depends on their position within the company loyalty program that operates on a tiered basis. The Nexo card is connected to our credit line so there is no need to sell any of your holdings to use the card which is accepted by more than 90 million merchants worldwide and offers up to 2% in crypto rewards.
Trading Platforms
Trading with Nexo you will find a very user-friendly experience throughout. This applies across each of the services which the company offers. The Nexo exchange is well laid out and intuitive in terms of functions and features that operate in browser with no download required. This platform is essentially similar to many other mainstream exchanges and the features offered on order types and charting capabilities.
The remaining core of the Nexo service including the borrowing function is accessible on desktop or mobile and is a very easy-to-navigate experience. This makes the process as simple as possible for traders who are either new to the industry or more experienced.
Using the mobile app associated with the service is very convenient and available on both Android and iOS. No functionality or capability is sacrificed when using the mobile app versus the online browser version of the service.
Customer Support
There are three main methods of contact offered for customer support at Nexo. These are the web-based live chat service which is available directly on the website or through the mobile app. A ticketed online support service is also available for other queries, and the Nexo support team can be emailed.
Responses from Nexo support are swift through all forms of contact. These replies are also professional in helping users answer the questions they have asked. The Nexo customer support service is monitored on a 24/7 basis.
Summary
Overall, Nexo provides a comprehensive, all-in-one service to users. They effectively combine a complete cryptocurrency exchange alongside a host of other saving and borrowing features which remain the primary focus of the company.
In providing such a detailed service, the company has managed to attract millions of users worldwide within a relatively short period of time. This growth is sure to continue if Nexo keeps growing its offering in the user-friendly and accessible way that they have to date.
That being stated, most people will sign-up for the ability to earn high interest rates on stablecoins, Bitcoin, and other cryptocurrency.