Nexo Review 2026
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- Web platform
- Nexo’s mobile apps
- AUSTRAC (Australia); Ministry of Finance (Poland); Financial Services Authority (FSA)
- Seychelles
- Instant Exchange (Instant Order), limit and trigger orders, futures, Nexo Booster, OTC trading ($250K–$3M), Crypto Baskets, and smart routing for optimized execution. Additional features include crypto-backed lending and yield-bearing products (up to ~13% APR for Flexible and up to ~15% APR for Fixed-term savings).
Our Evaluation of Nexo
Learn more about TU’s methodology
Nexo is a reliable cryptocurrency exchange with the TU Overall Score of 7.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Nexo clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
Nexo supports over 100 digital assets, providing access to purchase, sale, and exchange operations. Additionally, Nexo offers opportunities to generate yield on crypto assets through its savings products. Users may opt for Flexible Savings, offering yields of up to 13% APR with daily interest accruals, or Fixed-term Savings, with yields reaching up to 15% APR for commitment periods ranging from 1 to 12 months. In both instances, interest is accrued daily; however, for fixed terms, the total interest is paid in a single transaction upon the maturity of the term.
How we tested Nexo
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Nexo
Nexo is a cryptocurrency exchange and financial platform providing digital asset management services by integrating custody, exchange, and lending capabilities into a unified ecosystem. Established in 2018, the company offers tools for managing both cryptocurrencies and fiat currencies through a single application.
Nexo operates via a network of legal entities across more than 199 jurisdictions, ensuring compliance with applicable local regulatory requirements. The company holds the following licenses and registrations: AUSTRAC (Australia) – Registered as a Digital Currency Exchange Provider; Companies Registry Hong Kong – Licensed as a Trust or Company Service Provider; Ministry of Finance (Poland) – Registered for virtual asset activities; Financial Services Authority (FSA), Seychelles – Licensed as a Securities Dealer.
For asset storage, the platform provides an integrated wallet that facilitates the sending, receiving, and management of funds. Assets held in Flexible Savings remain available for immediate use, including exchange, withdrawal, or loan repayment. Furthermore, the platform offers the Nexo Card, enabling users to utilize crypto assets for everyday transactions without liquidation. Payments are executed against a crypto-backed credit line, allowing the underlying assets to remain in the user's account.
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- Crypto-Backed Credit Lines: Access to immediate liquidity through loans secured by cryptocurrency collateral without the need to liquidate underlying assets.
- Yield on Digital Assets: Competitive returns through Flexible Savings (up to ~13% APR) and Fixed-term Savings (up to ~15% APR).
- Daily Interest Accruals: Daily compounding interest with the benefit of anytime withdrawals for Flexible account holders.
- Multi-Asset Support: Comprehensive support for a diverse range of digital assets for custody, exchange, and yield generation.
- Integrated Digital Wallet: A secure, unified wallet for the transmission, receipt, and management of both cryptocurrencies and fiat currencies.
- Nexo Card Integration: Ability to execute everyday transactions via a credit line secured by crypto assets, preserving the user's long-term holdings.
- Instant Execution: Seamless, near-instantaneous purchase, sale, and exchange operations within the internal ecosystem.
- Tiered Loyalty Program: A structured loyalty system (Base, Silver, Gold, and Platinum levels) that determines interest rates and lending terms.
- NEXO Token Incentives: Option to receive interest payouts in NEXO tokens to achieve enhanced yield rates.
- Mobile Management: Full access to a dedicated mobile application for real-time asset management and transaction monitoring.
- Fiat Interoperability: Support for traditional banking transfers, including SEPA, facilitating efficient fiat on-and-off-ramp operations.
- Automated Collateral Management: Real-time automated oversight of credit lines and collateralization ratios.
- Educational Resources: The exchange provides limited educational materials regarding digital asset operations on its official website.
- Tier-Based Terms: Yield rates and lending conditions are contingent upon the account level and the proportion of NEXO tokens held within the user's portfolio.
TU Expert Verdict
Chief Analytics Officer
Nexo offers a web platform and mobile applications that support trading more than 100 cryptocurrencies, futures contracts, and fiat currencies, with both personal and corporate account options. The exchange stands out for its integrated wallet, crypto-backed lending, and Nexo Card, which enables users to spend against a crypto-secured credit line while retaining asset exposure. Users benefit from yield on digital assets through flexible and fixed-term savings with returns up to 13% and 15% APR respectively. Nexo also provides strong security measures, daily interest accruals, and regulated operation with oversight from AUSTRAC, Poland’s Ministry of Finance, and the Seychelles FSA.
Nexo has some drawbacks: educational resources on crypto operations are limited, withdrawal and P2P fees may apply, and yield rates or lending terms depend on account tier and NEXO token holdings. The absence of advanced order types and desktop or TradingView integration may deter some advanced traders, while copy trading and NFTs are not supported. Nexo may therefore be more suitable for users prioritizing yield generation, integrated lending, and on-the-go asset management rather than active or high-frequency traders seeking maximum functionality.
Nexo Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform, Nexo mobile application (Android, iOS). |
|---|---|
| 📊 Accounts: | Personal, Corporate (Business) |
| 💰 Account currency: | USD, EUR, GBP, and various cryptocurrencies. |
| 💵 Deposit / Withdrawal: | Cryptocurrency transfers, bank transfers, and digital asset purchases via debit/credit cards. |
| 🚀 Minimum deposit: | N/A (specific balance requirements may apply to certain products). |
| ⚖️ Leverage: | vailable (up to 1:100 via futures and up to 1:3 via Nexo Booster). |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | From $10 |
| 💱 Commission: |
Spot: 0.07%-0.04% Futures: —%-0.03% |
| 🔧 Instruments: | 100 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant, Limit, and Trigger orders |
| ⭐ Trading features: | Instant Exchange (Instant Order), limit and trigger orders, futures, Nexo Booster, OTC trading ($250K–$3M), Crypto Baskets, and smart routing for optimized execution. Additional features include crypto-backed lending and yield-bearing products (up to ~13% APR for Flexible and up to ~15% APR for Fixed-term savings). |
| 🎁 Contests and bonuses: | No |
Nexo is a cryptocurrency exchange focused on digital asset management and their integration into financial operations. The platform enables users to buy, sell, and exchange cryptocurrencies, as well as utilize them as collateral for secured loans. Interest rates on credit lines are determined by the user's loyalty tier and the loan-to-value (LTV) ratio.
The platform offers opportunities for yield generation on crypto assets through specialized savings products. Under the Flexible Savings model, yields can reach approximately 13% APR with daily interest accruals. Alternatively, Fixed-term placements offer yields of up to ~15% APR. Specific yield conditions are contingent upon the account level and the designated asset.
Operations are accessible via both the web interface and a dedicated mobile application. Users may fund their accounts using cryptocurrencies or through traditional banking transfers. Furthermore, the Nexo Card allows for everyday expenditures executed against a crypto-backed credit line; this mechanism enables users to maintain their underlying positions while accessing liquidity.
Nexo Key Parameters Evaluation
Regulation and Safety
Nexo has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- No successful hacks history
- Government-regulated
- Investor protection fund
- 2FA
- Tier-1 regulation
- No facial recognition
- Not U.S regulated
Nexo Security Factors
We also compared Nexo against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Nexo | Kraken | Coinbase | |
| Tier-1 regulation | Yes | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is Nexo a regulated crypto exchange?
Nexo is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Is verification (KYC) mandatory at Nexo?
Yes, KYC verification is mandatory at Nexo. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Nexo available in the USA?
Yes, Nexo is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Nexo commissions and fees
Nexo has earned a rating of 8.75/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Nexo is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Nexo trading fees?
We analyzed Nexo’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Nexo trading fees vs competitors
| Nexo | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.07 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.04 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | — | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.03 | 0 | 0.053 |
What are Nexo deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees apply |
Does Nexo offer P2P trading?
No, Nexo does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
Nexo received a 7.5/10 rating for its deposit and withdrawal services. While Nexo covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- No PayPal option
- Withdrawal fee applies
- No P2P transfer option
Deposit and withdrawal options
Nexo supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, Google Pay, Apple Pay.
Nexo Deposit and withdrawal options vs competitors
| Nexo | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Nexo minimum deposit?
The minimum deposit at Nexo is 0 USD/USDT or 5 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Nexo minimum deposit vs competitors
| Nexo | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 5 | 1 | 1 |
| Minimum trade amount, USD/USDT | 10 | 1 | 2 |
Does Nexo support fiat money?
Nexo supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Nexo received a score of 5.5/10 in this category, reflecting a solid selection of tradable assets and markets. Nexo supports 100 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto futures available
- Staking available
- Fiat currencies supported
- Yield farming not available
- NTFs not available
Nexo supported coins and markets vs competitors
We compared Nexo with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Nexo | Kraken | Coinbase | |
| Supported coins | 100 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
Nexo passive income options vs competitors
We also compared Nexo with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Nexo received a score of 6.95/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Advanced tools and automation with API
- Mobile indicators allowed
- Android app score 4.6
- No standalone desktop access
- Advanced orders not available
- No trading bots for traders
Trading apps
Nexo provides web and mobile apps for both Android and iOS users, with an average rating of 3.9 on the App Store and 4.6 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Nexo platform is for mobile use.
| Nexo | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | No | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Nexo offer a desktop app?
No, Nexo does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Nexo offer advanced charting with TradingView integration?
No, Nexo does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Global presence across multiple jurisdictions (199+ jurisdictions) |
| Regulation | AUSTRAC (Australia); Ministry of Finance (Poland); Financial Services Authority (FSA), Seychelles |
| Official site | https://nexo.com/ |
| Contacts |
Help Center
|
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