Nexo Interest Rates
TIERED RATE FOR FIRST 1 BTC
UP
3% - 4%
UP
4% - 5%
USDx Stablecoin Any supported USD-based stablecoin, such as USDC/USDT
UP
8%
UP
4% - 5%
UP
4% - 5%
Interest rates last updated August 24, 2022.
Nexo Facts
Nexo Facts
Founded 2017
Compounding interest
Yes
Withdrawal fees
Limited free withdrawls per month
Availability
Worldwide, new US users unable to earn interest
Lockup terms
None or 1 month
Payouts
Daily
Conditions/Requirements for max Nexo Interest Rate
Lockup terms for 1 month adds 1-2%. Loyalty level based upon holdings in NEXO token. Earn max rate by earning in NEXO (normally 2%).
Nexo New User Bonus
Nexo Review
Nexo Pros
- Fair rates for all coins deposited
- Popular platform
- 1-5 free withdrawal per month depending on loyalty tier
Nexo Cons
- Hard to know exactly the rate you are earning
- New balance limits
Nexo is one of the most popular crypto interest account platforms, and one of the first.
Nexo offers a crypto credit card, competitive 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 weekly 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 overcollateralization 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?
Sadly, new users in the US are unable to earn interest on deposits. Users with existing deposits are unaffected by this change. See other crypto interest account platforms available in the US.
Nexo rate changes
In July 2022, Nexo introduced balance limits depending on your loyalty tier.
Where does Nexo rank?
- Ranked #15 for highest-yield Bitcoin wallet
- Ranked #11 for highest-yield Ethereum wallet
- Ranked #9 for highest-yield USDC/USDT Stablecoin wallet
Nexo New User Bonus / Referral Code
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, new US users unable to earn interest.
When was Nexo founded?
Nexo was founded in 2017.
Is Nexo available in the USA?
No, Nexo is not available in the USA.
Is Nexo legitimate?
Yes, Nexo is legitimate. Located in London, UK, they follow local regulations and only serve customers in areas ruled by those jurisdictions. Nexo has been in business since 2017.
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.