Nexo Crypto Review: Pros, Cons, And Alternatives

What Is Nexo?

Nexo describes itself as the world’s leading regulated financial Institution for digital assets. Antoni Trenchev is the co-founder and managing partner. It was founded in 2017 and is based in London, England. Nexo has raised $52.5 million in funding and claims to have over $15 billion in assets under management.

New! Nexo Has Returned To The U.S. Market

In early 2026, Nexo announced its return to the U.S. market after spending a few years focused on global growth. With its reintroduction into the U.S., Nexo states that it will provide a U.S.-compliant framework for its investment and credit product offerings. Bakkt, a publicly listed, U.S.-based digital asset platform, will provide its digital asset trading infrastructure. 

With this move, Nexo is introducing the following flagship programs to U.S. clients: 

Nexo Yield: This flexible and fixed-term program allows Nexo clients to earn returns through regulated investment structures. 

Integrated Exchange: Nexo's exchange makes it easy to buy and sell digital assets through a single interface.

Crypto-Backed Credit Lines: Need liquidity but don't want to sell your crypto. Nexo's credit lines allow you to use your crypto as collateral and feature flexible repayment options.

Nexo Loyalty Program: Clients will have access to a loyalty program centered on the Nexo token. The more Nexo tokens you hold as a percentage of your overall portfolio, the Loyalty Tier you belong to. Being in a higher tier offers better terms, such as higher savings interest rates (up to 15% annual interest), cashback on purchases (up to 2%), and more. 

What Do They Offer?

Nexo is a cryptocurrency platform that allows customers to earn interest on crypto deposits and also take out loans. Below we break down how each option works.

Interest can be earned on crypto and stablecoins. Crypto pays up to 8% while stablecoins pay up to 16%. Interest is compounded daily which means you get an interest payout every day. Money can be added and withdrawn at any time. There isn’t any lockup period on deposits.

While fiat money can be withdrawn at any time, there are limits on the number of times you can withdraw crypto. These limits range from 1 to 5 times per month and are dependent on your loyalty tier. Here are the four tiers, their requirements, and monthly withdrawal limits:

To earn between 8% and 12%, at least 10% of your portfolio will need to be in Nexo so that you're eligible to be a Platinum-level client.

Earnings differ by crypto coin and fiat and if your deposits are in crypto or Nexo. Some example interest rates are listed below:

In total, there are 12 cryptocurrencies, 6 stablecoins, and 3 fiats (USD, EUR, GBP) that are accepted for deposit. New tokens are added all the time, including Arbitrum (ARB).

Interest rates are also dependent on the time held. A one-month holding period will earn 1% more and a three-month holding period will earn 4% more. It isn’t clear if these rates are on top of those quoted above and if they apply only to NEXO deposits.

You can deposit funds directly from your bank (i.e., fiat currency) or transfer crypto from a wallet or exchange. Bank transfers will take between 1-3 days.

Borrowing

Nexo allows you to borrow in cash or stablecoins without a credit check. Rates start at 5.9%, and you don’t have to sell your crypto. The borrowed amount is called a credit line. You can borrow from $50 to $2 million. You can keep borrowing until you hit your credit limit.

The amount you can borrow is dependent on the amount of crypto you have on deposit. For example, for Bitcoin, your credit line will be 50% of the BTC on deposit and will fluctuate based on BTC’s market value. For other cryptos, the amount might be more or less than 50%.

If the value of your crypto begins dropping, you’ll receive an email from Nexo to deposit more crypto to maintain your collateral. If you don’t deposit more crypto, funds will move from your savings wallet to your collateral account. If there isn’t anything in your savings wallet, Nexo will begin selling off your collateral to repay the loan.

You can spend the borrowed amount as cash, crypto, or by using the Nexo card. Since you don’t have to sell any crypto in order to borrow, you avoid a potentially taxable event (in the event that the crypto was sold at a profit).

Related: How Taxes On Cryptocurrency Like Bitcoin Work

Nexo Card 

Nexo combines credit and debit features in a single card, called a Nexo Card. The card allows you to toggle between Credit and Debit Modes, allowing you to choose the way you spend. 

In Credit mode, you can spend without selling your crypto. As soon as you deposit crypto, it becomes a backup for your Nexo credit line. The more you deposit, the higher your credit limit. 

Debit mode allows you to spend 60+ cryptocurrencies, including BTH, ETH, and USDT. You can easily change your spending priority using Nexo's drag-and-drop feature, or rearrange your cryptocurrencies in order of priority. 

And while your crypto is always available to spend, you will continue to earn interest on your deposit balance. 

Are There Any Fees?

There are no fees for depositing or withdrawing fiat or moving crypto into your Nexo Wallet. And, as mentioned previously, Nexo customers will receive 1-5 free crypto withdrawals per month based on their loyalty tier.

But what if you want to make more crypto withdrawals in a given month than you're allowed to do for free at your tier level? In these cases, it's unclear what you'd be charged. We couldn't find a crypto withdrawal fee structure listed anywhere on Nexo's site.

If you decide to borrow against your crypto assets, you'll of course be charged interest until your loan is repaid. Borrowed funds start at a 6.9% interest rate. There are no origination or early pay-off fees.

How Do I Open An Account?

You can visit Nexo's website to open an account. After providing your email address and password, you'll need to verify your account by completing a simple slide puzzle.

You'll also need to provide a high-quality photo of a government ID for Nexo's KYC and ALM checks.

Nexo Bonus Offers

Right now, Nexo is offering the following promotion to new users. You can get $100 in BTC when you open a new account, complete advanced verification, and deposit at least $1,000 in any supported asset on the platform.

You must keep the $1,000 minimum for at least 30 days.

Open an account here >>

Is My Money Safe?

Nexo isn’t a U.S. company and doesn’t follow U.S. regulations or offer FDIC insurance. But its custodial wallet does use cold storage that is held in military-grade Class III vaults. And it also has $375 million insurance on custodial assets and says it aims to increase its insurance coverage to $1 billion in 2021. That means that you're protected against the loss or theft of your private keys.

Is It Worth It?

Nexo's interest rates are competitive, and they pay out daily, which is a bonus. Its recent return to the U.S. market is also a welcome development. If it happens to pay interest on one of the coins that you own, it could certainly be worth checking out. 

Compare crypto savings accounts here >>>