Nexo

Nexo
E-wallet
Crypto
Сredits and loans
Investing/Trading
Money Transfer
Savings
Personal
Multi-currency
Credit Card
Virtual Card
Referral program
Mobile Apps
SWIFT
SEPA
Rating 4.50 0
We calculate the rating from AskWallet editorial and user ratings

Nexo is a digital currency supplier specializing in the borrowing and lending of digital assets such as Bitcoin, Ethereum, and more. Its users have a worldwide reach in over 200 countries, with over 2 million having secured crypto-backed loans or deposited cryptocurrency to earn passive income. The platform offers interest rates on cryptocurrencies of up to 12% APY.

Rate

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Founded: 2017
Has mobile app: Yes
Has web version: Yes
Has apple pay: Yes
Has google pay: Yes
Contacts: support@nexo.io
Languages: English
Not available in these countries: CUB, PRK, SYR, CAF, EST, IRN, New York, BGR, Vermont

Main info

Has trading: Yes
Virtual card service fee: Completely free of charge
Electronic payment methods and fees: Visa & Mastercard: Nexo accept Visa and Mastercard credit and debit cards.
Instant execution: Upon making a purchase, your digital assets are instantly available to your Nexo Wallet.
How: You can purchase crypto with your credit or debit card through the “Buy” tab in the web and app version of the Nexo Exchange.
Service fee: Base: Up to 1% Nexo Tokens in Portfolio, 1 Crypto withdrawal per month

Silver: 1-5% Nexo Tokens in Portfolio, 2 Crypto withdrawal per month

Gold: 5-10% Tokens in Portfolio, 3 Crypto withdrawal per month

Platinum: At least 10% Tokens in Portfolio, 5 Crypto withdrawal per month

Once the free withdrawal limit is reached, you will be automatically charged a fee incurred by the network. The fee is not fixed and depends on the current condition of the respective blockchain. You will see the amount required for the processing of your transaction before submitting the withdrawal.

The counter for free crypto withdrawals will reset on the first day of each month, after which you can make another set of free withdrawals.

Under our #ZeroFees policy, you can make unlimited free-of-charge FiatX withdrawals, crypto, and FiatX transfers into your Nexo Wallet, and credit line withdrawals. Nexo does not charge any credit line origination, forex, and exchange fees.
Main service fee text: There are no fees for depositing or withdrawing fiat or moving crypto into your Nexo Wallet.
Withdrawal fee: Once the free withdrawal limit is reached, you will be automatically charged a fee incurred by the network. The fee is not fixed and depends on the current condition of the respective blockchain. You will see the amount required for the processing of your transaction before submitting the withdrawal.

The counter for free crypto withdrawals will reset on the first day of each month, after which you can make another set of free withdrawals.

Under our #ZeroFees policy, you can make unlimited free-of-charge FiatX withdrawals, crypto, and FiatX transfers into your Nexo Wallet, and credit line withdrawals. Nexo does not charge any credit line origination, forex, and exchange fees.
P2P fee: All cryptocurrency transfers between Nexo accounts are instant, unlimited, and free of charge. Depending on your Loyalty tier, you will also receive between 1 and 5 monthly crypto withdrawals to an external wallet that are feeless, as can be seen in the graphic below. Internal Nexo transfers do not affect your free monthly crypto withdrawals since they are off-chain.
Main currency: EUR
Number of currencies: BTC, ETH, NEXO, XRP, USDT, USDC, USDP, TUSD, DAI, UST*, BCH, LTC, EOS, BNB, XLM, PAXG, LINK, TRX, ADA, DOT, DOGE, UNI, AXS, MATIC, GALA, SUSHI, CRV, AAVE, APE, 1INCH, MKR, SOL*, AVAX*, LUNA**, FTM*, АТОМ*, KSM*, NEAR*.

Important:

*Limited assets cannot be deposited or withdrawn to/from the platform. For more information, please check this article

**Trading LUNA via the Nexo Exchange is temporarily paused due to the migration to LUNA Classic
Conversion fee: €20,000 no FX fees.
Cashback: Get up to 0.5% in crypto rewards when earning in Bitcoin.

Or change your reward type to NEXO to get up to 2%.


Earn up to 12% interest on EURx, GBPx and USDx.
Earn daily interest up to 12% APY on your NEXO Tokens.
Bonus: Sign Up & Get Up to $150 in BTC.
Get $100, paid out in BTC, when you top up $1,500 or more. Grab an extra $50 in BTC if you exchange at least $1,500.
Credit: Currently, only citizens of the European Economic Area (EEA) can order a Nexo Card. To be eligible, you need to verify your identity and also meet the following criteria:

For a virtual card: maintain a Portfolio Balance of at least $50.

For a physical card: maintain a Portfolio Balance of at least $500 and a Platinum Loyalty tier.


The card is tied to Nexo’s Instant Crypto Credit Lines. All purchases are deducted automatically from your available credit line while your portfolio remains intact.

Essentially, you use your digital assets as collateral with no credit checks while spending their fiat value at millions of merchants worldwide.

The credit line can use one or multiple assets as collateral, allowing you to spend up to 90% of the value of your crypto without selling it.

Unlike traditional high-cost credit cards, the Nexo Card offers you rates starting from 0% APR1 and never exceeding 13.9% APR.

When spending through a debit crypto card your digital assets are sold and converted to fiat which triggers a taxable event. The Nexo Card allows you to spend without selling your crypto, hence no taxable event will occur.

https://support.nexo.io/hc/en-us/sections/360001730513-Loans
Referral program: Refer as many friends as you can until July 26 2022 and get $25 in BTC per referral and up to $5,000 in NEXO1 from the $50K prize pool.
Other currencies: GBP, USD
Card
Money transfer
Merchant

Card

Has virtual card Yes
Has card Yes
Personal credit and loans Credit cards Yes
Payment card type Credit
Virtual card pricing Free
Virtual card service fee Completely free of charge
Card provider Mastercard
ATM withdrawal fee Depending on your Loyalty tier, you can enjoy up to 10 free withdrawals:

Basic: 1 free withdrawal
Silver: 3 free withdrawals
Gold: 5 free withdrawals
Platinum: 10 free withdrawals


Once you run out of free withdrawals, you’ll be charged only €1.99 / £1.99 per additional withdrawal until your monthly limit resets again.

ATM withdrawal limits:
Monthly: up to €10,000 / £9,000
Daily: up to €2,000 / £1,800
Per single withdrawal: up to €600 / £540
Card limits Transaction limits:
Monthly: up to €60,000 / £54,000
Daily: up to €10,000 / £9,000
Per single transaction: up to €10,000 / £9,000
C2C Depending on your Loyalty tier, you can enjoy up to €20,000 / £20,000 in free foreign transactions:

Basic: No FX fees for up to €3,000 / £3,000 per month
Silver: No FX fees for up to €5,000 / £5,000 per month
Gold: No FX fees for up to €10,000 / £10,000 per month
Platinum: No FX fees for up to €20,000 / £20,000 per month


Once you reach your currency exchange limit, you’ll be charged a 0.5% fee on foreign transactions until your monthly limit resets again.

Money transfer

Money transfer speed (days): 0.1

Merchant

Fee for receiving payments All cryptocurrency transfers between Nexo accounts are instant, unlimited, and free of charge. Depending on your Loyalty tier, you will also receive between 1 and 5 monthly crypto withdrawals to an external wallet that are feeless, as can be seen in the graphic below. Internal Nexo transfers do not affect your free monthly crypto withdrawals since they are off-chain.

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