Best For

      Retail Lenders
      Stablecoin Holders
      USD, EUR, & GBP Interest

Nexo is a centralized crypto asset lending platform with high bearing interest available for select fiat currencies and stablecoins. Launched in 2017 as a subsidiary of Credissimo, Nexo is licensed for operations in over 250 jurisdictions worldwide.

Nexo Interest Account - 2020 Comprehensive Review

Overall Score:

8.5
Trusted
Global Access:
8 of 10
Interest Accounts:
7 of 10
Ease of use:
9 of 10
Trust:
8 of 10
Fees & Rates:
9 of 10
Support:
8.5 of 10

Nexo Interest Account Overview

APY Rates6% - 10%
Interest Earning AssetsUSD, EUR, GBP, USDT, TUSD, USDC, DAI, PAX, BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, PAXG
Rate VariabilityLow Variable, Fixed
Earn Interest onFiat, Stablecoin
Deposit Amounts$0 - $2,000,000
Payout FrequencyDaily
Lockup TermsFlexible
Compound InterestYes
Network TokenNEXO
Token BenefitNexo tokens do not have any benefits for the Interest Account rates offered.
Platform TypeCentralized Lender
Deposit InsuranceNo
Credit checkNo
KYC CheckYes
Platform FeesNo Fees
Supported RegionsAll Countries
Excluded RegionsSanctioned Countries

Nexo Interest Rates (APY)

Earn OnAPY Rate
US DollarsUSD10%
EuroEUR10%
Pound sterlingGBP10%
TetherUSDT10%
TrueUSDTUSD10%
USD CoinUSDC10%
DAIDAI10%
Paxos StandardPAX10%
BitcoinBTC6%
EthereumETH6%
XRPXRP6%
Bitcoin CashBCH6%
LitecoinLTC6%
EOSEOS6%
ChainlinkLINK6%
StellarXLM6%
TRONTRX6%
PAX GoldPAXG6%

Nexo (NEXO) Token

Ticker

NEXO

Price

$3.74

Volume

$10,942,449.00

Market Cap

$2,094,016,597.00

Circulating Supply

560,000,011

Total Supply

1,000,000,000

Rank

57

Blockchains

Ethereum

Trusted Exchanges

Huobi Global, Binance DEX

Hardware Wallets

Ledger, Trezor

Nexo (NEXO) Token Exchanges

ExchangeRatingPricePairs24hr Volume
Huobi Global8/10$3.693$4,682,616.58
Binance DEX5.5/10$3.711$127,520.17

Recommended Nexo (NEXO) Wallets

WalletRatingTypePrice
Ledger10/10Hardware$69.99
MetaMask8/10Browser Extension$0.00
Ledger Nano M7/10Mobile Application$96.00
Trezor9/10Hardware$149.99
MyEtherWallet9/10Web$0.00
MyCrypto9/10Web$0.00
TrustWallet9/10Mobile Application$0.00

Nexo Interest Account Alternatives

Rating8.5/107.5/108/10
Best Stablecoin APY RateUSDT 10%DAI #NAME?%GUSD 8.6%
Locked TermsFlexibleFlexibleFlexible
Payout FrequencyDailyDailyMonthly
Compound InterestYesYesYes
Deposit InsuranceNoNoNo
KYC CheckYesNoYes
Credit CheckNoNoNo
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Stablecoin Interest Rates - Nexo yields up to 10% APR interest on the following stablecoins: USDC, DAI, TUSD, PAX, USDT & HUSD.
  • Fiat Interest Rates - Nexo is the only crypto lending platform that offers interest rates on traditional fiat currencies. Users can deposit and earn interest on USD, EUR, and GBP.
  • Compound Interest - Account balances earn compounding interest paid out daily.
  • Flexible Lock Ups - Users can withdraw their assets at any time without penalty.
  • Fees - Nexo does not charge lenders any substantial fees when using their services.
  • Regulated & Compliant - The Nexo Group is licensed to operate in all jurisdictions where services are available.
  • Established Company - Nexo is a subsidiary of Credissimo, an established traditional finance company founded in 2007.
  • User Experience - Nexo has invested significant resources into its platform to ensure a streamlined, automated, and beginner-friendly experience for users.

Cons

  • Privacy - Nexo requires all users to submit identity documentation and pass KYC in order to use their services.
  • Native Platform Token - The NEXO token does not have many benefits for users seeking to use the platform to earn interest on their fiat, stablecoins, or crypto assets.
  • Variable Interest Rate - APR interest rates are subject to change at any time as per the Nexo terms and conditions.
  • Fiat USD Requirements - Users must fill out a special form and deposit a minimum of $50,000 before they are able to start earning interest on fiat USD.

Frequently Asked Questions

Does Nexo accept US customers?

Can I earn interest on my Bitcoins with Nexo?

Can I earn interest on my stablecoins with Nexo?

Does Nexo offer compound interest on account balances?

Can I earn interest on my fiat with Nexo?

Summary

Nexo is one of the most successful crypto lending platforms in the industry. An automated user experience, competitive interest rates, global availability, and an established parent company have all contributed to the company’s early success.

Their current customer base includes retail and institutional crypto asset investors, miners, exchanges, and other blockchain-focused companies looking to earn interest on their capital. Nexo has also recently announced that Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) interest payments will soon be supported.

Nexo is an above-average choice for both investors and blockchain-focused companies looking to earn interest on their crypto assets. The Nexo team has significant experience in the lending industry, investor assets are stored with BitGo, and their services are available in the majority of countries.

Learn More Best Features

Nexo's Official Website

  • Earn 10% interest on the popular stablecoins like USDC, DAI, TUSD, USDT, PAX and HUSD
  • Supports interest accounts in fiat USD and international currencies EUR, and GBP.
  • "100% Asset-Backed Guarantee" on Interest Deposits.

Legal & Regulation - Facts & Figures

Legal Name Credissimo AD-Sofia
Incorporated Country Malta
Headquarters Sofiya, Bulgaria
Year Founded 2007
CEO Sokol Iankov
Total Employees 101-250
Regulators Unclear Regulation
Links Website, Crunchbase, Whitepaper, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The interest product providers found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our interest product reviews and comparisons include: APR rates, compound interest, available assets, terms and fees, and deposit amounts.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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