Nexo: Buy, Exchange, and Store Bitcoin & Crypto (2024)

FAQs

Does Nexo work in the USA? ›

Most of Nexo's products are available in most jurisdictions the exchange serves, but a handful of products and services are not available in the US or other countries, depending on local laws and regulations. For example, Nexo no longer offers its Earn product in the US, a product first introduced in 2020.

Nexo is a regulated, compliant friendly, and the most reputable lending platform in the industry.

What is the Nexo Exchange? The Nexo Exchange is our hub, which allows you to buy and sell over 60 digital assets, using intuitive order types like Swap, Target Price Swap, Crypto Bundles, and Booster. Through the Nexo Exchange, you can also trade perpetual futures contracts.

The Nexo Services are unavailable to citizens or residents of certain jurisdictions, including where restrictions may apply, such as Bulgaria, Estonia, the USA, and Canada.

Security Threats: Users must be cautious of common security threats such as email and account takeover, phishing, malware, and identity theft to keep their NEXO accounts safe.

The company has applied to close Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd as part of a restructuring, according to co-founder Antoni Trenchev. He told Bloomberg that Nexo is rethinking the way it services clients, but that it is not considering a full exit of the UK market.

On January 19, the US Securities and Exchange Commission (SEC) reached a settlement with Nexo on the basis of 'no admission, no denial'. Nexo agreed to compensate the SEC for USD 45 million and to stop offering its undeclared loan products to US citizens.

You can withdraw any asset from your Nexo account anytime unless: It is a limited asset.

Nexo is a centralized lending platform owned by Credissimo, a publicly traded fintech company based in the European Union. It allows users to capitalize on the value of their crypto assets, with a user base of over 4 million across more than 200 jurisdictions.

What are the pros and cons of Nexo? ›

Nexo is an instant crypto loan platform that gives users fast and easy access to cash. The NEXO token is used to source discounts and benefits, making it an attractive investment for crypto fans that want a diversified portfolio.

Is there a minimum purchase amount for Bitcoin on Nexo? Nexo allows you to buy as little as $1 worth of BTC, making it as accessible as possible Bitcoin is infinitely divisible, with each BTC consisting of 100 million pieces called satoshis, allowing for the purchase of fractional amounts.

Click on 'Receive' from the top-right corner of your screen on the Nexo Wallet.

Buying NEXO Tokens via the Nexo Exchange

Go to the 'Exchange' tab and select the 'Buy' option. Select the cryptocurrency or stablecoin you want to swap for NEXO Tokens. Select the NEXO Token as the currency you want to purchase. Confirm the purchase.

Belarus, Canada, Norway, Switzerland, Turkey, Bahrain, Egypt, India, Israel, Jordan, Kuwait, Nigeria, Oman, Qatar, Saudi Arabia, South Africa, United Arab Emirates, United States, Argentina, Brazil, Chile, Colombia, Dominican Republic, Paraguay, Peru, Australia, Hong Kong, Indonesia, Japan, Korea (Republic of), ...

The Nexo Earn Interest Product is not available for citizens or residents of certain jurisdictions, including where restrictions and limitations may apply, such as the USA, Bulgaria and Estonia.

You can withdraw your assets from the platform at any time via the following transfer methods: EURx -> SEPA. GBPx -> FPS and SWIFT* USDx -> SWIFT.