Nexo Details

About Nexo

Nexo offers financial products for cryptocurrency holders. The company services customers worldwide with interest-earning accounts and low-cost loans backed by crypto.

Crypto Interest Provider Nexo
TypeFinancial service, Centralized
Interest
Earning Start: Immediately after deposit
Guarantee Period: No guarantee
Payed As: Same as deposit
Payout Interval: Daily
Compounded: Yes
Better Rates: Available when NEXO (Nexo utility token) is staked
Lock-up PeriodNo Lock-up. Can be withdrawn anytime.
ProcedureCrypto is sent to provider which uses BitGo as custody. Provider lends crypto in the next step to customers which take a loan.
Token
Name: Nexo
Utilities: Increasing interest rates
CompanyOperating since 2018. Registered in Switzerland.
Currencies offered by Nexo
TUSD (TrueUSD) 8.00% + 1, 2
PAX (Paxos Standard Token) 8.00% + 1, 2
USDC (USD Coin) 8.00% + 1, 2
USDT (Tether) 8.00% + 1, 2
EUR (Euro) 8.00% + 1, 2
USD (US Dollar) 8.00% + 1, 2
GBP (Pound Sterling) 8.00% + 1, 2
DAI (Multi Collateral DAI) 8.00% + 1, 2
BTC (Bitcoin) 4.00% + 1, 2
ETH (Ethereum) 4.00% + 1, 2
BCH (Bitcoin Cash) 4.00% + 1, 2
LTC (Litecoin) 4.00% + 1, 2
XRP (Ripple) 4.00% + 1, 2
XLM (Stellar) 4.00% + 1, 2
EOS (EOS) 4.00% + 1, 2
LINK (Chainlink) 4.00% + 1, 2
1: Real APY may vary. Service fees are already deducted.
2: Better rates available under specific conditions.