Nexo is the world's largest and most trusted lending institution in the digital finance industry. Since 2018 Nexo has strived to bring professional banking services to the world of digital assets. Leveraging the best of the team's years of experience in FinTech along with the power of blockchain technology, Nexo empowers thousands of people to harness the value behind their crypto assets, shaping a new, better financial system.
How you make money
Earn up to 8% interest on crypto and up to 12% on stablecoins, paid out daily. You can also earn up to 12% interest on your euros, pounds and US dollars, paid out daily. The assets in your Nexo Account will automatically start earning interest which is credited to you daily. You are free to add or withdraw any amount at any time.Your interest is credited into your Savings Wallet daily and is then calculated in your upcoming interest transactions.
Their exchange attempts to bring you the best market prices available. Thanks to the in-house Smart Routing system, the Nexo Exchange simultaneously connects to 5+ exchanges to identify the best prices and splits orders depending on the price per volume. The system optimizes swapping between fiat and crypto currencies within a fraction of a second and creates a deal better than any manual execution.
The Nexo Card is the only card that lets you spend the value of your digital assets without having to sell them. Get 2% cashback with all purchases.
How Nexo makes money
Nexo earns a large portion of their revenue from providing loans. You will be charged standard cryptocurrency fees while using the platform, but by holding Nexo coin you will receive reduced fees. Nexo also offers a credit card in which they receive merchant fees for transactions.
Is it safe?
Nexo is the world's largest and most trusted lending institution in the decentralized finance space and has already processed more than $3 billion for 1,000,000+ clients in 200+ jurisdictions.
Nexo partners with the foremost providers of security in the blockchain space, including BitGo and Ledger Vault, among others. Collectively, they carry $375M in insurance protections for digital assets held on the Nexo platform via the most prestigious syndicates of underwriters.
Your assets are stored in bank-grade Class III vaults while their partners’ hardware and software guarantee allows for instant access to your funds and full independence from third-party providers.