Nexo: Instant Crypto Credit Lines and high-yield Earn on Crypto & Fiat services

Nexo is the world's largest and most trusted lending institution in the digital finance industry. Since 2018 Nexo has strived to bring professional financial 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. Nexo currently manages assets for 1,500,000+ users across 200 jurisdictions.

The Nexo platform has assets of $ 15 billion. 

The company’s mission from day 1 is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for  clients, while ensuring the $375 million custodial insurance and military-grade security of the Nexo Account.  

Follow this link, join Nexo, top up your assets with $100 or more, and get a reward of $ 10 in BTC.

Nexo Products

• Buy Crypto
• Earn on Crypto
• Earn on EUR, GBP and USD
• Borrow
• Exchange
• Nexo Card

Earn 12% on Crypto with daily compound interest and zero fees 

Supported Assets and Rates

20 available cryptocurrencies, including BTC, ETH, LTC, stablecoins and more.

Nexo’s crypto interest account allows you to grow your crypto securely with up to 12% interest. You can earn compounding interest on 20 cryptocurrencies, including BTC, ETH, LTC, stablecoins, and more held in your account.

To start earning on your digital assets:

1. Open the Nexo platform or the Nexo Wallet App.
2. Complete your verification.
3. Buy or transfer assets into your wallet.

You’re all set! Now you’re earning daily interest that automatically goes into your Savings Wallet.

Note: You’ll start earning interest at least 24 hours after your transfer. Also, assets held in your Credit Line Wallet (i.e. assets being used as collateral) will not earn interest. 

How does crypto earn interest

One way to earn passive income on your digital assets is via interest accounts and lending platforms. This way you will be able to earn interest on your crypto without having to trade the markets using an exchange.

Your interest rate is determined by:

1. Your Loyalty tier, which in turn depends on the ratio of NEXO Tokens against the balance of other assets in your portfolio. The requirements for each tier are as follows:

• Base: No NEXO Tokens are needed.
• Silver: At least 1% of the Portfolio Balance in your account must comprise NEXO Tokens.
• Gold: At least 5% of the Portfolio Balance in your account must comprise NEXO Tokens.
• Platinum: At least 10% of the Portfolio Balance in your account must comprise NEXO Tokens.

Nexo Loyalty Levels

Your Loyalty Level is based on the ratio of NEXO Tokens to the other assets in your account

2. Whether you choose to receive your interest in kind or NEXO Tokens:

• Earning in kind means you receive your interest payments in the currency you’re earning on.
• Earning in NEXO means you receive interest payments in NEXO Tokens and benefit from an extra 2% interest on all your holdings.

You can calculate your daily interest as shown below:

Daily Interest = Principal amount (in the original cryptocurrency) x (interest rate/365)

Note: Your interest rate will change depending on the ratio of NEXO Tokens to other assets in your portfolio and whether you decide to earn interest in NEXO or in kind.

Learn more about our interest rates here. 

How to get the highest Nexo interest rate.

To receive up to 12% interest on your fiat currencies, you have to:

• Become a Platinum Loyalty tier client by making sure at least 10% of your Portfolio Balance comprises NEXO Tokens.
• Opt to earn your interest in NEXO Tokens for an additional 2% interest.

Example: 

• Value of assets in your Saving Wallet: $10,000.
• Value of NEXO Tokens required for you to get the highest interest: min. of $1,000 in NEXO Tokens.

To activate Earn in NEXO:

1. Open the Nexo platform or the Nexo Wallet App.
2. Click on the “Settings” menu in the “My profile” section.
3. Activate the option to Earn in NEXO.

Security of digital assets on the Nexo platform

Nexo promises users maximum security of digital assets by using the latest security measures and protocols to protect your confidential data. The security of the assets stored in your Nexo account is guaranteed by industry-renowned custodians and leading competent authorities.

The first step to maximizing the value of your cryptocurrency with Nexo is to place digital assets in your Nexo wallet.

Nexo keeps your assets safe with a multi-faceted approach to security, including:

• $375M insurance from our custody partners via Lloyd’s of London and Marsh & Arch.
• The finest custody solutions through leading custodians in the blockchain space, among which SOC 2 Type 2 certified BitGo, Ledger Vault, and other partners.
• Military-grade 256-bit encryption and fraud monitoring mechanisms for the Nexo Wallet, guaranteeing the safety of clients’ funds.
• ISO/IEC 27001:2013 accredited information security management systems.
• 200–500% overcollateralized crypto credit lines. Nexo never issues credit on a non-collateralized basis, thus ensuring your funds are backed no matter how the market moves.

Earn up to 12% interest on EUR, GBP and USD, paid out daily

Earn up to 12% interest on GBP, EUR, and USD, following these three simple steps:

1. Open the Nexo platform or the Nexo Wallet App.
2. Complete Basic and Advanced Verification.
3. Transfer your fiat into your Nexo account. Don‘t forget to use your unique reference code!

That’s it! You’ll instantly start earning interest as soon as the transaction is confirmed.

Note: The minimum top-up amounts are €1,000 for EUR, £10 for GBP.

Instant Crypto Credit Lines: Borrow cash or Stablecoins from 6.9% APR, without selling your Сrypto

Advantages Of Nexo Credit Lines

• Starting from just 6.9% APR
• Automatic approval, no credit checks
• $375 million insurance on custodial assets
• Credit lines available from $50 to $2 million
• Credit line backed by multiple assets
• Flexible collateral management

Supported Assets

How to borrow. Opening of the Nexo Instant Crypto-credit line.

1. Top up supported assets

Click on the "Top up" button. Copy the top-up address and transfer the amount you wish to top up. 

2. A credit line becomes instantly available, no credit checks

Once you have added digital assets to your account, you will be able to open a credit line. Your available credit line limit will be calculated depending on the value of your assets. 

3. Start spending

Withdraw cash or stablecoins or start spending using the Nexo Card. You will be charged interest only on the amount you actually withdraw.

New features of Nexo Credit Lines: Safer credit lines with Nexo’s Unlock Fixed Terms

Nexo product team has come up with the Unlock Fixed Terms feature – a brand new solution to further protect your assets from liquidation. 

When you enable this new opt-in and all your FLEX Terms are already transferred from the Savings Wallet to the Credit Line Wallet, the system will automatically start unlocking Fixed Terms and collateralizing these assets to prevent automatic repayments.

As a result, you can easily maintain a healthy LTV during market volatility and minimize the risk of liquidation by having assets automatically transferred to your Credit Line Wallet. Stress-free crypto-backed credit lines at their best.

With this feature you can:

• Maintain a healthy LTV during market volatility.
• Prevent liquidations by having otherwise locked assets automatically transferred to your Credit Line Wallet.

As soon as your LTV reaches 83%, Automatic Collateral Transfer will begin moving small amounts of assets in your Savings Wallet to your Credit Line Wallet to prevent automatic repayments. The feature will always prioritize assets in FLEX Terms, but if these are not enough to stabilize your LTV and Unlock Fixed Terms is enabled, the system will begin moving funds from your Fixed Terms.

Follow this link, join Nexo, top up your assets with $100 or more, and get a reward of $ 10 in BTC.

Nexo Card

The Nexo Card is the only card that allows you to spend the value of your digital assets without having to sell them.

• Accepted worldwide by 40M+ merchants
• Instant cashback on all purchases
• Flexible repayment options
• Free additional virtual cards
• Payments in local currencies
• No monthly/annual fees, no FX fees

The Nexo Card can be ordered and managed from the comfort of the Nexo Wallet App, giving you instant worldwide access to your credit line.

Nexo card features

• Freeze and unfreeze your Nexo Card with a single tap
• Receive instant notifications about all transactions
• Create free virtual cards for safe online purchases
• Monitor all your transactions in real-time
• Get 2% cashback with all purchases (choose whether to receive your rewards in NEXO Tokens or BTC or toggle between the two right before making a transaction; all your cashback is automatically placed in your Nexo Account)  
• View your PIN and change it at any ATM if needed

Nexo: A brief overview

The leading regulated institution for digital assets, pioneer of the 1st Instant Crypto Credit Lines™ and high-yield Earn on Crypto & Fiat services.

Nexo is the world's leading regulated institution for digital assets.

The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn on Crypto & Fiat suite, Send & Pay capabilities, and sophisticated trading & OTC services, all while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet.

Nexo manages assets for over 1.5М users across 200+ jurisdictions and has processed over $30 billion since its launch in 2018.

Products:

• Instant Crypto Credit Lines™ - Borrow against your crypto rather than selling it.
• Earn on Crypto & Fiat - Earn up to 12% interest on your idle assets.
• The Nexo Wallet App - Manage your funds and Nexo Account in just a few taps.
• The Nexo Card – Coming soon. Use your Instant Crypto Credit Line via unique Nexo card.
• The NEXO Token.

Conclusion

Nexo is an innovative and promising platform for instant crypto loans, which allows people in more than 200 countries to use their cryptocurrencies to obtain loans in fiat currencies.

The platform is well designed, and the process of creating an account, depositing funds and obtaining a loan is relatively simple, and the dashboard is easy to manage.

The ability to earn interest on deposited funds is another attractive feature, while the Nexo card and the mobile application make spending your loan even easier.

Nexo allows people to use their digital assets for work and instant access to funds, while maintaining ownership of their assets.

In addition, the system is highly efficient from a tax point of view, since you actually never cash out money, which means that you are not required to pay additional taxes in most countries.

Learn more:

CRYPTO LENDING PLATFORMS: Bitcoin & Crypto-Backed Loans and Interest Earning Accounts >>>

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