
Nexo
Nexo is a CeFi platform that offers crypto savings accounts and crypto loans. Savers can expect attractive interest rates and borrowers can choose from a wide selection of crypto-collateralized fiat loans.
Pros
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40+ fiat currencies available as loan currency Currencies
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Nexo offers fiat savings accounts Currencies
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No withdrawal fees Fees
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Daily compounded interest Compound interest
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Nexo's custodian is Bitgo, which has a good reputation in the industry Crypto-Custody
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High base interest rates on saving accounts compared to other platforms Maximum Interest
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Users receive an emal alert when logging into their accounts to confirm the login is legit Security settings
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Nexo.io offers multiple language options Languages
Cons
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During the crypto flash crash in March 2020, Nexo liquidated significantly more crypto loans than other platforms and there were negative reviews about technical problems and lack of customer support Stress Test March 2020
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Address-whitelisting is not possible Security settings
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Withdrawal can take 24h even for cryptocurrencies if its a new or a larger account Withdrawal Speed
The interest rates at Nexo
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Earn Interest
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Borrow Money
![]() BTC
|
![]() BCH
|
![]() LTC
|
![]() BNB
|
![]() DAI
|
![]() EOS
|
![]() ETH
|
![]() HUSD
|
![]() LINK
|
![]() PAX
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![]() PAXG
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![]() TRX
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![]() TUSD
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![]() USDC
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![]() USDT
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![]() XLM
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![]() XRP
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Basic
Max
|
6%
8%
|
6%
8%
|
6%
8%
|
6%
8%
|
10%
12%
|
6%
8%
|
6%
8%
|
10%
12%
|
6%
8%
|
10%
12%
|
6%
8%
|
6%
8%
|
10%
12%
|
10%
12%
|
10%
12%
|
6%
8%
|
6%
8%
|
Basic
Max
|
3.4%
8%
|
3.7%
8%
|
4.3%
8%
|
3.2%
8%
|
8.7%
13.3%
|
3.6%
8%
|
3.2%
8%
|
10%
12%
|
3.3%
8%
|
8.8%
13.3%
|
4.2%
8%
|
6%
8%
|
14.9%
33.1%
|
9.5%
13.3%
|
9.1%
13.3%
|
3.2%
8%
|
3%
8%
|
All information is unofficial and subject to change.
Did you find outdated information? Write us a message.
Leading platform for fiat-loans
Nexo is a crypto lending platform from Europe that offers fiat-loans in more than 40+ currencies and interest rates on both loans and savings accounts are competitive. With Bitgo, Nexo works with a legit and safe custodian and there are no withdrawal fees. There is one flaw borrowers should consider: During the crypto flash crash in March 2020, Nexo liquidated more loans than other platforms and there were complaints about technical difficulties and lack of customer support. Nevertheless, Nexo runs a competitive platform with perks for both savers and borrowers.

Nexo in the CryptoStudio-Check
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Overview
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Savings Accounts
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Crypto Loans
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Security
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User Experience
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Business Review
Pros
Cons
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Nexo Look & Feel
Nexo's app is easy and straightforward to use but it does have a few flaws, for example, it's not possible to whitelist addresses. The app is available in 10 languages and customer support answers quickly and thoroughly.
Registration process
Registering with Nexo is easy and straightforward and takes only a few minutes.
All information is unofficial and subject to change. Links marked with an asterisk (*) may be affiliate links