NEXO Wallet | Ledger (2024)

The right cryptocurrency wallet for your NEXO

Looking for a NEXO Wallet to buy and store your NEXO? Join 6+ million customers who trust
Ledger hardware wallets to securely store their crypto and use them on the day-to-day basis.

  • Mobile & Desktop App
  • Secured by Hardware Wallet

Secure your NEXO

Trusted by over 6 million customers

NEXO Wallet | Ledger (1)

RECOMMENDED BY

NEXO Wallet | Ledger (2) NEXO Wallet | Ledger (3) NEXO Wallet | Ledger (4)

Ledger Secured Solution

How to secure your NEXO ?

Whether you’re looking to keep your crypto safe for long-term or manage them on a daily basis, Ledger has the right product for you.

Get a Ledger wallet

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats. Pair the Ledger crypto wallet with Ledger Live App to manage your NEXO on the go.

NEXO Wallet | Ledger (5)

Ledger Live App

Ledger Live App is a gateway to manage your assets, checking your real-time balance, tracking transaction histories, and more.

How to get a NEXO wallet?

1

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Get a Ledger Nano

Select and purchase a Ledger hardware wallet of your choice.

  • Beginner in the crypto world? Get started with Ledger Nano S Plus.
  • Prefer a Bluetooth connection? Try with Ledger Nano X.

Get Ledger Nano

3

NEXO Wallet | Ledger (10)

Start your NEXO journey securely

Add a NEXO account with a couple of clicks. Choose among different providers and easily manage your NEXO.

And not only NEXO. With Ledger Live, you can manage thousands of crypto and a large variety of NFTs.

Swap NEXO at your fingertips

NEXO Wallet | Ledger (11)

Manage your NEXO

With Ledger Live coupled with a Ledger, you can:

  • Securely execute transactions by physically validating them with your Ledger Hardware Wallet
  • Manage your NEXO as well as thousands of other crypto assets
  • Track your portfolio

*Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties provider, which availability may vary based on jurisdiction/territory.

NEXO Wallet | Ledger (12)

Swap NEXO

Swapping allows you to explore different crypto assets, protect your NEXO from volatility, and diversify your portfolio.

You can easily swap NEXO through Ledger Live without using fiat currencies.

Swap NEXO

NEXO Wallet | Ledger (13)

The best NEXO hardware wallet

Compare our wallets

NEXO Wallet | Ledger (14)

Ledger Nano S Plus

4.5/5 - 1 213 Reviews

The perfect crypto wallet to start securely managing your NEXO.

  • Desktop
  • USB-C
  • Crypto & NFT

Learn more

Most popular

NEXO Wallet | Ledger (15)

Ledger Nano X

4.5/5 - 11 108 Reviews

Secure and manage your crypto on-the-go with our Bluetooth®-enabled NEXO hardware wallet.

  • Desktop & Mobile
  • Bluetooth
  • USB-C
  • Crypto & NFT

Learn more

NEXO Wallet | Ledger (16)

Ledger Stax

Coming soon

Our most advanced and customizable NEXO wallet yet, enjoy a curved E Ink touchscreen crypto-experience unlike ever before.

  • Desktop & Mobile
  • Bluetooth
  • USB-C
  • Larger screen
  • Crypto & NFT

Learn more

Compare our wallets

Choice of 6,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

What is NEXO?

Nexo is an all-in-one crypto platform that allows users to buy assets, swap between 300+ pairs, and earn interest. But Nexo is mainly known to be a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Users deposit an accepted token — such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP) — as collateral to receive a loan in the form of a fiat currency or stablecoin. Therefore, it operates both as an exchange via the Nexo crypto exchange and a wallet via the Nexo Wallet, allowing users to store their assets safely.

Nexo has a native token, NEXO, that when locked in the platform grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. NEXO Token holders will get 30% of the company’s profits. The NEXO Token is an asset-backed token and is backed by the underlying assets of Nexo’s loan portfolio.

The project was first announced in December 2017, and it launched in April 2018.

Cryptocurrencies similar to NEXO supported by our hardware wallet

See the full list

Kava cUSDC cETH

Securely manage, buy, swap, and stake 5.500+ coins

See the full list

XDC Network Celsius Network Synthetix Network ImmutableX Harmony Flow The Graph OMG Network WhiteBIT Token

NEXO Wallet | Ledger (29)

Frequently Asked Questions

When you first buy asset, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your cryptocurrency wallet to spend, withdraw, or transfer your coins.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano cryptocurrency wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano wallets keep your keys secure and give you complete control over your tokens.

Related Resources

What Is a Hardware Wallet?

Read

6 min Medium

What Is a Crypto Wallet?

Read

5 min Beginner

Hardware Wallets Vs Cold Wallets: What’s the Difference?

Read

4 min Beginner

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Learn more about how we manage your data and your rights.

As an expert in the field of cryptocurrency and blockchain technology, I have a deep understanding of the concepts and practices involved in securing and managing digital assets. My experience is rooted in extensive research, staying up-to-date with the latest developments, and practical application of cryptocurrency-related technologies.

Now, let's break down the key concepts discussed in the provided article about finding the right cryptocurrency wallet for NEXO:

  1. Ledger Hardware Wallet:

    • Description: Ledger hardware wallets are recommended for securing NEXO and other cryptocurrencies. These wallets store private keys and sign transactions offline, providing resistance to malicious attacks.
    • Security Features:
      • Offline storage of private keys.
      • Resistance to malicious attacks.
    • Compatibility: Can be used with the Ledger Live App for managing NEXO on the go.
  2. Ledger Live App:

    • Description: Ledger Live App serves as a gateway to manage digital assets. It allows users to check real-time balances, track transaction histories, and perform various crypto-related activities.
    • Functionalities:
      • Real-time balance checking.
      • Transaction history tracking.
  3. Getting a NEXO Wallet with Ledger:

    • Steps:
      1. Purchase a Ledger hardware wallet (options include Ledger Nano S Plus or Ledger Nano X).
      2. Download and install the Ledger Live app on desktop or mobile.
      3. Add a NEXO account with a few clicks using Ledger Live.
  4. Ledger Wallet Options for NEXO:

    • Wallet Models:
      • Ledger Nano S Plus: Recommended as a perfect crypto wallet for beginners.
      • Ledger Nano X: Secure and suitable for managing crypto on the go.
      • Ledger Stax (Coming soon): Advanced and customizable NEXO wallet with a curved E Ink touchscreen.
  5. Customer Recommendations:

    • Customer reviews from Bertil A., Kevin L., and James P. highlight Ledger as a perfect tool for securing cryptocurrencies. Positive feedback on hardware design and user interface.
  6. What is NEXO:

    • Description: NEXO is an all-in-one crypto platform allowing users to buy assets, swap between pairs, and earn interest. It operates as both an exchange and a wallet, facilitating the storage of assets securely.
    • Native Token (NEXO):
      • Used for benefits like discounts on loan interest and profit share.
      • 30% of the company's profits go to NEXO Token holders.
  7. Similar Cryptocurrencies Supported:

    • Kava, cUSDC, cETH.
  8. Functionalities of Ledger Live with NEXO:

    • Securely execute transactions with Ledger Hardware Wallet.
    • Manage NEXO and thousands of other crypto assets.
    • Track portfolio, buy, send/receive, swap, stake, etc.
  9. Securing NEXO Tokens:

    • Explanation of public and private keys.
    • Recommendation for using specialized hardware wallets for offline storage due to enhanced security.
  10. Ledger Nano's Protection for NEXO Coins:

    • Industry-leading hardware wallet with secure element chips for storing private keys.
    • Requires PIN code and 24-word recovery phrase for access.
    • Durable materials for physical protection.
    • Full isolation between private keys and computer/mobile.

In summary, the article provides comprehensive information about the Ledger hardware wallet, Ledger Live App, NEXO platform, and the recommended steps for securing and managing NEXO tokens using Ledger products.

NEXO Wallet | Ledger (2024)

FAQs

Is Nexo Wallet legit? ›

I have been using Nexo for 3 years now and they are overall a great company. They offer a wide variety of financial tools and have never failed to satisfy any of my needs. Customer service is great, withdraws are fast and reliable. My most trusted crypto company without a doubt.

How do I withdraw money from Nexo wallet? ›

  1. To take advantage of this feature, you need to link a credit/debit card that supports Visa Direct or Mastercard Send to your Nexo account and have available FIATx balances (EURx or GBPx) in your Savings Wallet. ...
  2. Choose 'Withdraw to Card'
  3. Select the card you want to withdraw to and enter the transfer amount.

Is it safe to keep money in Nexo? ›

ISO/IEC 27001 guarantees that Nexo's cyber security infrastructure is of the highest standard. Being ISO/IEC 27001 certified, Nexo is now raising the bar for the entire blockchain space, by utilizing the most rigorous policies, impeccable risk assessment, data protection, and state-of-the-art cybersecurity.

Is Nexo safe in 2024? ›

First off, users can be certain that their funds are safe. This is helped by a top-tier insurance policy that Nexo has in place. This insurance covers up to $375 million and is one of the most comprehensive in the industry.

Is Nexo exchange in trouble? ›

Nexo, founded in 2018, phased out its U.S. products and services last year and agreed to pay $45 million to settle charges from the U.S. Securities and Exchange Commission and state regulators that it failed to register its crypto asset lending product.

Is Nexo leaving the USA? ›

Crypto lender Nexo Inc. is phasing out its products and services in the US market after facing cease-and-desist orders from multiple states over its interest-earning products.

Why can't I withdraw from Nexo? ›

You can withdraw any asset from your Nexo account anytime unless: It is a limited asset. It is locked in a Fixed Term. It is below the minimum threshold for withdrawal.

How much does Nexo charge for withdrawal? ›

A processing fee will be applied to the withdrawal amount based on your card's issuing country: 1.99% for EEA countries. 3.49% for non-EEA countries.

Can I withdraw USD from Nexo? ›

Only SWIFT transfers are supported for loan withdrawals in USD. 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.

Is Nexo closing down? ›

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.

Who is behind Nexo? ›

Here is the team behind the crypto NEXO (NEXO): Kosta Kantchev: Founder and Board of Director. Antoni Trenchev: Co-founder and Managing Partner. Georgi Shulev: Co-founder, involved in a legal dispute with Nexo over missing assets.

What bank does Nexo use? ›

Nexo is Summit National Bank's preferred digital asset partner for the push toward innovation. Founded as Hulett National Bank in 1984, the leadership of Mode Eleven and Summit National Bank bring a strong record of compliance with US regulatory requirements as the bank expands into new lines of business.

What is the Nexo controversy? ›

On January 12, several of Nexo's administrative sites in Bulgaria were raided by local law enforcement agencies as part of the opening of an international criminal investigation into possible money laundering, terrorist financing and other dubious or illegal activities.

Is Coinbase safer than Nexo? ›

Nexo excels in earning and borrowing, while Coinbase stands out for trading and security. Consider your needs and priorities: For Passive Income: Nexo's high interest rates and no fees make it an excellent choice. For Active Trading: Coinbase's advanced tools and strong security measures are ideal.

Is Nexo a hot or cold wallet? ›

Nexo utilizes a combination of hot and cold wallets and takes other measures against dusting attacks. While hot wallets are accessible and suitable for quick transactions, cold wallets may be less susceptible to potential online threats.

How does Nexo Wallet work? ›

Nexo wallet features

Using Nexo's exchange wallet, users can quickly convert assets, use the tokens as collateral for a loan, withdraw crypto, or earn interest on their holdings. However, the wallet cannot be connected to external Web3 applications.

Does Nexo wallet have a withdrawal fee? ›

A processing fee will be applied to the withdrawal amount based on your card's issuing country: 1.99% for EEA countries. 3.49% for non-EEA countries.

Does Nexo affect credit score? ›

With Nexo, there are no credit checks and nothing is reported to credit agencies. Your credit score will not be affected in any way.

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