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Nexo launches Nexotag for instant and fee-free internal transfers
Nexo announced that users can now create a Nexotag in the app (v7.8.0 or later), enabling instant and fee-free cryptocurrency transfers between Nexo accounts using wallet address, email, or phone number.
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Nexo has introduced a feature allowing users of its app (version 7.8.0 or later) to create a Nexotag, enabling instant and fee-free internal cryptocurrency transfers between Nexo accounts. According to the published guidance, users can send digital assets using a wallet address, email, or phone number, and such transfers do not incur blockchain gas fees, are not counted towards monthly withdrawal limits, and may be subject to certain requirements, including minimum withdrawal limits, asset availability by jurisdiction, and the use of MEMO/Destination Tags for specific cryptocurrencies.
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Nexo is a cryptocurrency platform established in 2018 that offers integrated services for custody, exchange, lending, and yield generation on digital and fiat assets within a single application. Key features include crypto-backed credit lines, a multi-asset digital wallet, daily interest accrual, a tiered loyalty program, and Nexo Card integration for credit-line-based transactions. For further details about its services, licenses, and conditions, visit Nexo’s broker profile on Traders Union.
For more on Nexo’s recent developments, including its addition of Solana (SOL) and XRP as collateral for zero-interest loans, see the earlier news about Nexo on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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