1. 100% automated platform. Deposit your assets, withdraw loans, and repay them on your own.
2. You are in full control. There are no minimum loan repayments in fiat. You can repay your loan at any time. You can repay it in fiat, crypto or a combination of fiat and crypto. For minimum crypto repayments, please click here.
3. NO fees - one interest rate. You decide when to pay the interest. Zero other fees. Zero unpleasant surprises.
4. High yield interest of 8%. Nexo offers its customers an unmatched 8% per year on both stablecoins (such as USDT, USDC, TUSD, PAX, DAI) and fiat savings. Send your passive assets to Nexo and let them work for you without having them locked as we allow you to withdraw them at any time.
5. Military-grade security. Nexo partners with the world-renowned custodian BitGo to secure all crypto assets. BitGo is backed by Goldman Sachs and is Cryptocurrency Security Standard Level 3 as well as SOC 2 compliant.
6. $100,000,000.00 insurance. BitGo Custody carries $100,000,000.00 in insurance protections through a syndicate of underwriters through the Lloyd's, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here and here).
7. Multi-asset support. You can deposit BTC, ETH, PAXG, XRP, LTC, BNB, XLM, NEXO, BCH, EOS and stablecoin. We keep adding support for new assets on a regular basis. You can deposit several different assets at any time and your loan limit will be automatically calculated. When the value of your assets increases, your loan limit will automatically increase.
8. Truly a global platform. You can withdraw an instant loan in 40+ fiat currencies across 200+ countries. Usually, you will receive the funds with 1 business day. You can also get instant loans in stablecoins.
9. Avoid capital gains taxes. When you take a crypto loan and spend that loan, you avoid paying any capital gains taxes, which otherwise in many countries you have to pay when you sell your crypto.
10. Margin call notifications. You can take a Nexo loan equal to up to 50% of the crypto collateral you deposit. In other words, if your collateral is $10,000, you can get a loan of up to $5,000. If the Loan-to-Value ratio increases from the initial 50% to 71.4%, you will receive 3 margin calls (notifications via SMS and email) at 71.4%, 74.1%, 76.9%. To avoid partial automatic loan repayments you can deposit more crypto assets. If you don’t, at 83.3% Nexo Oracle will automatically start selling small chunks of your collateral to keep the collateral-to-loan ratio just above 83.3%. Nexo Oracle will sell as little as possible, so you hold as much crypto as possible. On the flip side, if the value of the collateral increases, your credit line will be automatically increased as well, allowing you to take another loan or to spend with the Nexo card.
11. Ten years of experience in online lending - Nexo’s team built the European fintech group Credissimo, which has been giving out online loans in 6 counties and is a market leader in 2 of those. Credissimo has been audited by Deloitte and has won numerous Forbes awards for innovation. In short, we know how to manage lending risks and how to provide you with a flawless online lending experience.
12. Thousands of happy Nexo customers

The safety of clients funds is the main priority for Nexo. Cold storage Wallets are provided by BitGo, the leader in digital asset financial services. BitGo Custody carries $100,000,000.00 in insurance protections through a syndicate of underwriters through the Lloyd's, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found on BitGo's website and Nexo's article about custodian insurance).

The $100 million policy covers digital assets where the private keys are held 100% by BitGo in the event of:

• Third-party hacks, copying, or theft of private keys
• Insider theft or dishonest acts by BitGo employees or executives
• Loss of keys

Nexo has chosen BitGo as its custodian because BitGo provides 100% cold storage technology in bank-grade Class III vaults and the BitGo platform is SOC 2 Type 2 certified. Advanced authentication mechanisms are employed to ensure the authenticity of data, and assets are distributed geographically and organisationally.

It is the account holders’ responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication and controlling all login credentials to Nexo. Clients remain owners of the crypto assets placed into Nexo accounts.

In order to transfer your crypto assets to your Nexo account please follow the steps below:

1. Log in to your Nexo wallet/account.

2. Scroll to the bottom of the page where all supported cryptocurrencies are displayed.

3. Click on the "Top Up" button next to the cryptocurrency you want to deposit.

4. Copy your private "deposit address".

5. Paste it in the "sent to/withdraw address" field on the platform/wallet you are using to transfer your funds to us.

6. You will see your crypto deposit in your Nexo wallet/account as soon as the necessary amount of network confirmations is reached.

You can watch this ~4 minutes long video How to use Nexo platform, read the explanation below or check this article where you can also find screenshots and examples.

You can transfer your crypto assets to your Nexo account and get an instant crypto loan (credit line), which you can immediately access using the free Nexo Card or by withdrawing in 45+ currencies to your personal/business bank account, or in USDT to your Tether address, or in USDC to your USD Coin address.

In order to obtain a loan, follow these steps:

1. Sign up for your Nexo account at platform.nexo.io;
2. Deposit your crypto assets. The platform supports BTC, ETH, PAXG, XRP, LTC, XLM, BCH, EOS, LINK stablecoins, NEXO and BNB with new major altcoins being added on a regular basis;
3. Undergo the Basic/Advanced Verification in the My Profile section;
4. Go to “Withdrawal Funds From Credit Line” where you will see the available loan amount;
5. Choose the preferred withdrawal method and enter your bank account for a loan in fiat currency or USDT(Tether)/USDC (USD COin) address for a loan in stablecoins.
6. Enjoy spending your Nexo Loan.

Please note that if you want to take a fiat loan against stablecoins, you will have to cover at least 50% of your loan using other crypto assets as collateral (BTC, ETH, etc.). This is required to comply with Anti Money Laundering standards.

It is also important to note that you may be as well requested to provide supporting documents to prove the origin of your funds.

You can set up Two-Factor Authentication (2FA) on the Security page.

1. Please scroll to the bottom of the page and click on the "Enable" button.

You can either use Google Authenticator/Authy/any other Authenticator or SMS Authentication.

2. Open your 2FA application and either use the phone camera to scan the QR code or enter the code manually.

3. Please wait for a new code to be generated and insert it in the "Enter the Two-Step Authentication code" section and click on the "Verify code".

4. Your 2FA Authentication security feature is activated.

If you prefer to set the 2FA Authentication using the SMS code, please click on the "Alternative Authentication Methods"

In the window which opens after you click on the "Enable" button, please choose the country, provide your phone number and click on the "Verify" button.

Please note, that the speed of SMS verification varies from country to country. For instant codes and additional security, please use an app like Authy for the two-step codes.

Learn how to set up Two-Factor Authentication (2FA) without owning a smartphone or mobile phone.

As a reputable financial services provider, Nexo is committed to providing secure, fully-compliant services for the blockchain space. To do this, we must ensure that all funds --both fiat and crypto -- on our platform come from a legitimate source, and are not linked to illegal activity. This is where the Source of Funds (SoF) comes in.

What is Source of Funds (SoF)?

Source of Funds is a standard procedure wherein clients report the origin of their fiat or crypto assets to verify their funds come from a legitimate source.

Why do we ask for SoF?

Nexo abides by all legislation pertaining to our business and certain legal regulations require us to collect additional information about our clients’ sources of funds. These measures serve to protect our customers and prevent illegal activity on our platform.

Note: If you are transferring large sums into your Nexo account we might require you to provide your Source of Funds. Sending such documents in advance will ensure that there are no delays with crediting the funds to your Nexo account.

What documents can be submitted for SoF checks?

Any document, or set of documents, that verify the origin of the funds in your Nexo Account can serve as Proof of Source of Funds (PoSoF). Below are a few commonly used examples:

• Payslips from an employer
• Sale contracts of personal assets (houses, cars, companies, etc.)
• Bank statements (savings account extract, salary deposits, etc.)
• Inheritance and gifts (copy of the will, notarized letter, etc.)
• Loan agreements

How do I submit my PoSoF documents?

We will notify you via email if we require any SoF information. The email will contain detailed instructions on how to send us your documentation.

All personal information sent to Nexo is kept strictly confidential. Find more information our privacy policy page.

Once your Proof of Source of Funds (PoSoF) reaches our team, they will send you an email confirming the receipt of the documents. We will contact you if we require any additional information.

If you have any questions, please contact our customer support in-app, via the website, live chat or write to support@nexo.io.

The Loan-to-Value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of the collateral. Otherwise said, the measurement of the balance of the loan relative to the value of the collateral asset is represented as Loan-to-Value (LTV).

Traditional lenders (e.g. banks) use your credit score, as reported by third-party credit agencies, to determine your creditworthiness. The higher your credit score, the lower the risk for the lender. To remove the credit score form the equation you can apply for an asset-backed loan like the one offered by Nexo.

LTV is calculated as the loan amount in USD divided by the value of the collateral in USD, expressed as a percentage.

Example:

Loan amount: 5.000 USD;
Value of collateral: 10.000 USD;
Loan-to-Value = ($5.000/$10.000)*100% = 50.0%

How Loan-to-Value fluctuates and what it means for you?

As the value of the collateral goes down, the Loan-to-Value goes up. In the case of a crypto asset-backed loan, the value of Bitcoin, Ether, Litecoin, Bitcoincash, etc. is trending down.

If the price of the crypto asset falls too low, the Loan-to-Value will continue to increase. There is a threshold where the collateralized asset will start being sold by Nexo Oracle to pay back part of the loan in order to rebalance the Loan-to-Value. This threshold at Nexo is set at 83.3%. When the Loan-to-Value reaches 83.3% the Nexo Oracle will start initiating partial automatic loan repayments. Before that happens you will be notified via SMS and email.

Example:

Loan amount: 5000 USD;
Value of collateral: 6 000 USD;
Loan-to-Value = ($5000/$6000)*100% = 83.3%

As a borrower, you always have the option to transfer more collateral at any time.

To summarize:

The price of crypto assets fluctuates strongly - it can move up or down. When the price moves up, the Loan-to-Value goes down. When the price moves down, the Loan-to-Value goes up.

The Nexo Loans are secured by crypto assets. But the major difference between ours and the traditional secured loans is that you retain ownership of the collateral and profit from its upside potential.

Click here to find out more about our Security and Insurance.

No, there are no prepayment, origination or instalment fees.

You can repay your outstanding balance, in part or completely, at any time and save on interest since you only pay interest for the period you borrowed.

There are no minimum amounts of repayments in fiat currencies. See the minimum amounts for cryptocurrencies here.

There are no instalment payments. You can make repayments at any time. Interest is added to your outstanding balance daily at 00:00 CET.

Please note that if you repay a loan within 30 days of the last withdrawal, you will be charged interest for the full 30 days. Repayments will be used to cover the earliest loan withdrawals and to pay off interest before the principal.

If the value of the assets increases and the client believes that their crypto-asset has met their price target, they can place an order with the Nexo Oracle to sell a fraction of the crypto assets stored in their account and repay part or all of their outstanding balance. The transaction is performed through API on some of the major exchanges (i.e. Bitstamp, Kraken, etc.) without any additional fees besides the exchange's fees.

An increase in the value of the collateral assets also allows the client to withdraw more from their Credit Line.

If the assets decrease significantly in value and you do not contribute additional assets to your Nexo account after receiving warnings from the Nexo Oracle, the Nexo Oracle may initiate partial automatic loan repayments to rebalance the Loan-to-Value back within limits.

The total value of your crypto assets and the minimum amount, which will trigger the small automatic loan repayments can be seen at any time below all your crypto positions on your Nexo account.

If the collateral assets decrease in value significantly, the client will be warned to add more collateral.

The client will be notified, and partial automatic loan repayments will only start after the Loan-to-Value increases to 83.3%.

Example:

If the loan amount is 5 000 USD then the partial automatic loan repayment will be initiated only when the value of your collateral decreases to less than 6 000 USD.

Loan amount: 5000 USD;
Value of collateral: 6000 USD;
Loan-to-Value = ($5000/$6000)*100% = 83.33%

The total value of your crypto assets and the minimum amount which will trigger the small automatic loan repayments can be seen at any time below of all your crypto positions in your Nexo account.

The client will receive a minimum of three notifications (via SMS and email) before that. This will happen when the Loan-to-Value increases to 71.4%, 74,1%, 76.9%. The client will be prompted to deposit more crypto assets into their Nexo account to prevent partial automatic loan repayments.

Please note that the Nexo Oracle will not sell all crypto assets at once. Sell orders are executed in small increments only as much as to rebalance the Loan-to-Value back within the limits. Sell market orders are made at the market price on leading cryptocurrency exchanges. The transaction is performed through API on some of the major exchanges (i.e. Bitstamp, Kraken etc.) without any additional fees besides the exchange's fees. The funds received back from the exchange will be instantly applied towards your outstanding loan balancе.

The table below illustrates how the Loan-to-Value changes when a repayment is made - based on the percentage of sold collateral (the price of crypto assets is constant).

You can withdraw as many times as you like from your Credit Line as long as you maintain the Loan-to-Value ratio, and you have enough collateral assets in your Nexo account.

Similarly, you can make repayments at any time and, thus, increase the available loan limit in your account.

Follow these simple steps and start earning up to 10% compounding interest on your idle crypto:

1. Log in to your secure Nexo account.

2. Transfer assets into your Nexo Wallet.

Earn on Crypto is available for BTC, ETH, LTC, XRP, EOS, XLM, BCH, TRX, USDT, USDC, TUSD, DAI, PAX, LINK with more assets including BNB and PAXG coming soon!

Important: Assets held in your Credit Line wallet (used as collateral) will not earn interest.

3. Earn! You will start earning compounding interest after a minimum of 24 hours of your transfer. All interest is paid out daily in kind.

Your interest is automatically paid into your Savings Wallet so that next day you begin earning interest on it too.

4. Enjoy your high-yield passive income.

What are the interest rates (APY)?

Your interest rate is determined by the ratio of NEXO Tokens against the balance of the other assets in your Savings Wallet.

How is your interest calculated?

Your interest is credited into your Savings wallet daily and is then calculated in your upcoming interest transactions.

Daily Interest = Principal amount (in original cryptocurrency) x (APY/365)

Example:

If you’ve staked enough NEXO Tokens (10% or more of the value of your 1000 XRP) and deposited 1000 XRP, your calculation for daily interest will be:

1000 XRP x 0.0133680617% = 0.13368 XRP

Without NEXO Tokens staking, the calculation will be:

1000 XRP x 0.0107459782% = 0,107459 XRP

Important: Your interest rate (APY) may change if you choose to stake or unstake NEXO Tokens on any given day while earning interest on your other assets.

How can I calculate the Nexo token staking required for higher interest rates?

You will need to stake NEXO Tokens worth 10% of the total value of assets in your Savings Wallet to be eligible for higher interest rates.

The exact amount of NEXO Tokens required for the bonus interest rates in any given moment will depend on the token price and will be displayed in the Total Interest Earned section:

Example:

If the total balance in your Savings Wallet equals 10 000 USD (excl. the NEXO Token balance), you will have to stake 1000 USD worth of NEXO Tokens. As the price of the crypto assets fluctuates, it is advisable to add more NEXO Tokens to ensure that you will not miss out on our bonus interest rates.

You can also check your Total Balance in Savings Wallet (incl. your NEXO Token balance) anytime in the Account section of your Nexo profile:

What currency will the interest be paid out in?

The interest will be paid out in the same currency as your deposit currency (e.g. if you top up LTC, you will earn interest in LTC).

Where can I see the interest I have earned from my active deposit(s)?

You can see the daily interest from active deposits accumulated in the Account section under ‘Total Interest Earned’.

After clicking on the Total Interest Earned button, you can access detailed information about all the crypto assets and the interest you have earned so far:

We will also send a weekly email to all the clients with active deposits that are earning interest. The email will contain information about the accumulated interest for the past 7 days, per asset.

The email will include only those assets for which at least one interest transaction was credited during the past week. Тhe total amount earned will be presented in the email in US dollars for the purposes of comparison. Keep in mind that you will still receive your interest payments in kind, not in USD.

How is Nexo able to pay interest on my assets?

We are committed to protecting your assets by lending them to institutions on an overcollateralized basis only, the way our crypto-backed loans work. Our rates are kept stable over time, because of Nexo’s risk policy to never lend without collateral, which results in lower yields but basically no risk.

The main benefits of Nexo’s “Earn Interest”:

High-yield savings with a compounding interest rate of up to 10%
A unique daily payout
Full flexibility: use or withdraw funds at any time
Available for BTC, ETH, LTC, XRP, EOS, XLM, BCH, TRX, USDT, USDC, TUSD, DAI, PAX with more assets including
BNB and Pax Gold coming soon!
#ZeroFees — No fees, no minimum contribution requirements
$100 million insurance on custodial assets through Lloyd’s of London
Cold storage in bank-grade Class III vaults through the SOC 2 Type 2 certified crypto custodian BitGo
All funds are asset-backed by Nexo’s portfolio of 200–500% overcollateralized crypto credit lines

More details concerning “Earn Interest” for specific assets:

EUR and GBP
Stablecoins

In order to transfer your crypto assets from your Credit Line Wallet to your SAVINGS Wallet and vice versa please follow the steps below:

1. Log in to your Nexo account.

2. Scroll to the bottom of the page where all supported cryptocurrencies are displayed. Please click on the "wallet" icon next to the assets you want to move to your Savings Wallet:

3. You will be shown a new window with information concerning your Savings Wallet and Credit Line Wallet along with the sum you can currently move to your Savings Wallet.

4. Please click on the "Transfer Between Wallets" button. In the new window, you can choose how much of your "excess collateral" you want to move to your Savings Wallet. After you are ready please click on the "Transfer" button.

5. You have successfully move your assets from Credit Line Wallet to Savings Wallet.

How to transfer funds from the Savings Wallet to the Credit Line Wallet?

Please follow the same steps above in order to transfer your funds form the Savings Wallet to the Credit Line Wallet. When you reach the 4th step, please click on the arrows to change the direction of the transfer:

We have updated the Nexo Wallet which will, from now on, be referred to as the Savings Wallet.

The standard Earn Interest rate is 8% for fiat and stablecoins and 4% for crypto assets.

In order to receive 10% and 5% interest on your savings respectively, at least 10% of the holdings in your Savings Wallet have to be in NEXO Tokens. If this condition is met, you will automatically receive an extra 25% on your assets compared to the standard rate.

Example:

Value of assets in your Saving Wallet: 10 000 USD

Value of NEXO Tokens required for you to get the highest interest: min of 1 000 USD

The exact amount of NEXO Tokens required for the bonus interest rates in any given moment will depend on the token price and will be displayed in the ‘Total Earned’ screen.

Please follow these three steps to make your savings work for you:

1. Open your free and secure personal or business Nexo account
2. Transfer your savings to your Nexo account. Please do not forget to use your unique reference code. The minimum Top-Up for:

• • EUR is 1000 EUR (will be lowered soon)
• • GBP is 1000 GBP (will be lowered soon)

3. Аs soon as the transaction is confirmed, you instantly start earning interest.
4. Watch how the high-yielding 8% interest paid on your passive income is added daily to your Nexo account.

What should I do to start earning 10% interest on my idle funds?
You will need to stake NEXO Tokens worth 10% of the total value of assets in your Savings Wallet to be eligible for higher interest rates.
The exact amount of NEXO Tokens required for the bonus interest rates in any given moment will depend on the token price and will be displayed in the ‘Total Earned’ screen.

Learn how to earn 25% higher interest.

Main benefits of Nexo “Earn Interest on fiat currency” product:

• High-yield savings & passive income with an interest rate of up to 10% per year
• Interest compounding daily, starting from Day 1
• No fees
• Add and withdraw assets at any time
• Crypto custodian insurance policy of up to $100M
• All funds are asset-backed by Nexo’s growing portfolio of overcollateralized crypto loans

Learn more about our “Earn Interest on fiat currency".

Please note that in order to be paid interest on your crypto assets (BTC, ETH, LTC, XRP, EOS, XLM, BCH, LINK, TRX, USDT, USDC, TUSD, DAI, PAX with more assets including BNB and PAXG coming soon) have to be held in your Saving Wallet.

Please note that we do not pay interest on the funds, which are locked as collateral.

Important:

The first interest payment after the initial deposit will be paid no earlier than after 24h of the successful deposit at 01:00 CET on the following day.

Example:

1. Successful deposit credited at 00:30 CET on 10th of June. The first interest payment will take place at 01:00 CET on 11th June. Waiting period equals to 24.5h.

2. Successful deposit credited at 02:00 CET on 10th of June. The first interest payment will happen at 01:00 CET on 12th June. Waiting period equals to 47h (24h period passes after the interest payment for 11th June was completed).

The minimum amount of crypto assets you should deposit to start earning high-yielding up to 10% APY interest are:

• BTC: 0.001
• ETH: 0.01
• XRP: 5.0
• USDT: 1.0
• USDC: 1.0
• PAX: 1.0
• TUSD: 1.0
• DAI: 1.0
• BCH: 0.005
• LTC: 0.01
• EOS: 0.5
• XLM: 20.0
• LINK: 0.03
• TRX: 100

At Nexo we value all of our customers greatly which is why we devised the NEXO Token, the world’s first complaint, dividend-paying, asset-backed token, featuring the following benefits:

• Stacking NEXO Tokens give you a 50% discount on the accumulated interest.
• Staking NEXO Tokens also brings clients 25% higher interest on the idle assets in their Nexo Account
• Nexo shares 30% of its profits in the form of dividends with NEXO Token Holders. Until now $3.5M have been distributed through two dividend payments (2018, 2019). In order to participate, two conditions have to be met:
• NEXO Token Holders must undergo one-time KYC (Advanced Verification) just as they would do at any other compliant financial institution. Nexo’s KYC process is straightforward, fully automated and usually takes less than two minutes;
• NEXO Tokens must be held/staked in your Nexo Wallets at the ex-dividend date.

If you want to be a part of the Nexo enterprise and earn along with the company, buying NEXO is as easy as purchasing any other crypto asset. Huobi Global is currently the largest exchange, where NEXO is available.

We consider the NEXO Token a means of giving investors the opportunity to participate in Nexo’s financial blessings and we hope you enjoy it.

Learn more about Nexo dividends by reading this article: Nexo Dividends Explained.

Yes, you will receive dividends on all NEXO Tokens held in your Nexo account. Learn more about Nexo dividends here..

In other words - it does not matter in which wallet Credit Line or Savings you hold your NEXO Tokens.

Please follow these steps to acquire Nexo tokens:

1. Please log in to your Nexo account and then click on the “Buy Nexo” button.

2. Click on the “Buy/Sell instantly” button and pay attention to the information in the "warning section"

3. Provide the amount and the type of cryptocurrency you want to exchange for Nexo tokens:

4. Click on the “Swap now” button. On the next screen, you will notice that your Nexo wallet address is pre-populated.

5. Provide an email address you want to use.

Please note that if you do not have an account at Changelly, then they will create an account on your behalf on their platform using the email address you provided and will send you a confirmation email to that email address.

5. a) Log in to the email account you provided in the above step and verify your email. At the same time, you will be requested to create a password for your Changelly account.

5. b) If you already have an account on the Changelly platform, please provide your password (point 6). If you have forgotten it, please go to changelly.com and reset it.

6. Please enter your Changelly password in the “Enter your password” field and click on "Proceed".

Please do not use your Nexo account password as it will not work. You have to enter your Changelly password.

7. You will be redirected to the following screen:

8. Click on the “Copy” button and then paste it in the “withdraw to” address field when creating the transaction using your private or Nexo wallet.

If using your Nexo wallet and you have the required amount of crypto in it, please go and click on the “Withdraw” button next to the crypto you decided to change to Nexo. Paste in the “Withdraw address” the address you copied from the screenshot above, choose the same amount and confirm the transaction.

You will receive an email confirming the transaction from Changelly to the email address you provided a couple of steps above. After the exchange process is completed, the Nexo will be automatically added to your Nexo wallet.

Nexo pays 30% of its Net Profit in the form of dividends.

Dividends are available to all NEXO Token holders, regardless of how many tokens they own and in which wallet Credit or Savings they are held, as long as two conditions are met:

1. NEXO Token holders must undergo one-time KYC (Advanced Verification), just as they would do at any other compliant financial institution. Nexo’s KYC process is straightforward, fully automated and usually takes less than two minutes;
2. NEXO Tokens must be held/staked in your Nexo account (Credit or Savings Wallet) at the ex-dividend date. The ex-dividend date will be communicated in advance.

The latest official information about dividend payments has been carefully explained in Nexo's medium article.

You can find it here: etherscan.io/address/0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206

Address: 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206

Symbol: NEXO

Decimals: 18