BTC Bitcoin
TIERED RATE FOR FIRST 1 BTC
3% - 7%
ETH Ethereum
TIERED RATE FOR FIRST 50 ETH
4% - 8%
USD Stablecoin Any supported USD-based stablecoin, such as USDC/USDT
9% - 16%
SOL Solana
4% - 8%
LTC Litecoin
4% - 8%
Nexo Facts
Compounding interest
Yes
Withdrawal fees
Limited free withdrawls per month
Availability
Worldwide (excluding US and Canada)
Lockup terms
None or 1 month
Payouts
Daily
Conditions/Requirements for max Nexo Interest Rate
Lockup terms for 1 month (adds 1%). Loyalty level based upon holdings in NEXO token. Earn max rate by earning in NEXO (adds +2%).
Nexo Review
Nexo is one of the most popular crypto interest account platforms, and has withstanded while other centralized platforms have closed.
Nexo Earn is the interest-bearing product for crypto deposits.
Nexo offers a crypto credit card, competitive crypto interest rates, and does not require lock-up periods, although you can earn an additional 1% with a 1-month term lock up (completely optional and a manual process that needs to be renewed each month)
You also get free withdrawals (1-5 per month), depending on loyalty level.
Nexo also supports and pays interest for popular altcoins like Solana (SOL), Avalanche (AVAX), Fantom (FTM) and Polygon (MATIC).
How does Nexo pay interest?
Nexo pays interest on over 30 cryptocurrencies on a daily basis.
Being a crypto lending company, Nexo pays interest on your deposits that it loans out to other customers (either individuals or institutions).
Nexo has focused on keeping its financial health by focusing on strong fundamentals, including over-collateralization to weather volatile markets, real-time audits by a third-party and market-neutral strategies to keep risks low. However, all crypto lending platforms carry a certain amount of risk that needs to be considered when entrusting your funds to any custodial service.
Is Nexo available in the US?
Nexo does not pay interest on crypto in the United States of America and Canada. See other crypto interest account platforms available in the US.
Nexo interest rates
Nexo introduced balance limits and variable interest rates depending on:
- your loyalty tier (the amount of Nexo tokens in your account)
- type of interest paid out (in kind or in Nexo tokens, which gains more)
- type of savings term (flex or fixed, which gains more)
Nexo Pros
- Fair rates for all coins deposited
- Popular platform
- 1-5 free withdrawal per month depending on loyalty tier
Nexo Cons
- Not available in the US
- Hard to know exactly the rate you are earning
Where does Nexo rank?
- #5 for highest-yield Bitcoin wallet
- #5 for highest-yield Ethereum wallet
- #3 for highest-yield USDC/USDT Stablecoin wallet
Nexo Alternatives
Nexo FAQ
Is Nexo interest compounded?
Yes, Nexo compounds interest.
How often do you receive payouts at Nexo?
Daily.
Where is the Nexo headquartered/located?
Nexo is located in London, UK.
Where is Nexo available (what countries is Nexo available)?
Worldwide (excluding US and Canada).
When was Nexo founded?
Nexo was founded in 2017.
Is Nexo available in the USA?
No, Nexo is not available in the USA.
Does Nexo pay interest on Bitcoin?
Yes, Nexo pays interest on Bitcoin.
Does Nexo pay interest on Ethereum?
Yes, Nexo pays interest on Ethereum.
Does Nexo pay interest on Dogecoin?
No, Nexo does not support Dogecoin.