Crypto earn and lending platform operating since 2018, with access across 20+ blockchain networks
Nexo is a custodial digital asset platform for earning interest, borrowing against crypto, trading, and spending through its card. Operating since 2018, it says it manages more than $7 billion in assets and has processed more than $465 billion in transactions.
Clients complete identity verification before using the platform, then buy or transfer digital assets into a Nexo account. Flexible Savings pays interest daily without a lock-up, although the account must maintain more than $5,000 in digital assets to earn interest. Fixed-term Savings locks assets for a defined period of up to 12 months. Interest compounds daily.
The Credit Line lets clients borrow against digital assets without selling them. Borrowed funds can be sent to a bank account or received as stablecoins in the Nexo account. Nexo also offers Dual Investment and spot exchange services. Its website lists more than 100 supported digital assets and transfers across 20+ blockchain networks, including Ethereum, Solana, and Tron.
Nexo advertises annual interest rates of up to 15%. Rates and benefits depend on the product, jurisdiction, and account conditions. The platform advertises a promotional borrowing rate of 2.9% per year. Its Loyalty Program requires an account balance above $5,000 and can affect interest earnings and borrowing rates, as well as purchase cashback. The Nexo Card advertises up to 2% cashback.
Nexo says it operates in more than 200 jurisdictions. US retail interest-earning accounts were discontinued in 2022 after regulatory scrutiny and settlements, and services for US clients relaunched on February 16, 2026, through a partnership with Bakkt. The platform completed an app redesign in November 2025, adding a new dashboard and unified balances. It also added an Explore hub.
Nexo says it has never paused withdrawals and has continued paying interest since 2019. Those claims sit alongside the platform’s centralized custody model: depositing crypto transfers control of the assets to Nexo-controlled wallets, with no real-time on-chain proof of reserves. The model creates counterparty and insolvency exposure, while fixed terms create lock-up risk and advertised rates can change. Regulatory restrictions can also limit products by jurisdiction.
Nexo combines earn products with crypto-backed borrowing and broad asset access, but custodial exposure and limited reserve transparency remain significant trade-offs.
Nexo is a custodial earn and lending platform operating since 2018. It supports 100+ digital assets and 20+ blockchain networks, including Ethereum, Solana and Tron.
Flexible Savings pays interest daily without a lock-up, but the account must maintain more than $5,000 in digital assets to earn interest. Fixed-term Savings runs for defined periods of up to 12 months. Nexo advertises returns of up to 15% annually, while a promotional borrowing rate is advertised at 2.9% per year. Interest compounds daily, so the effective return is higher than the stated annual rate alone.
The platform claims more than $7 billion in assets under management, more than $465 billion processed and availability in 200+ jurisdictions. It also says client care is available 24/7. Deposited assets are held in Nexo-controlled wallets, and the platform does not maintain real-time on-chain proof of reserves. Nexo says it has not paused withdrawals and has continued paying interest since 2019. Still, it stopped offering interest accounts to US retail customers in 2022 after regulatory scrutiny and settlements, then relaunched US services on February 16, 2026, through a partnership with Bakkt.
It is less suitable for holders who require self-custody or transparent real-time reserves. The platform requires an identity check, and regulatory availability differs by jurisdiction.
| KYC required ⓘ | Yes · unverified |
|---|---|
| Products | Savings / earn, Fixed-term deposits, Crypto-backed loans |
| Highest advertised APY ⓘ | 15% · unverified |
| Loan APR from | 2.9% · unverified |
| Supported assets | 100 |
| Available in | Global · unverified |
| Proof of reserves | No · unverified |
| Flexible (withdraw any time) | Yes · unverified |
| Fixed terms | Yes · unverified |
| Auto-compounding | Yes · unverified |
Not disclosed by the provider: Max loan-to-value, Insurance, Licenses & registrations.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Earn interest with daily payouts and no lock-up. Nexo says balances must exceed $5,000 to earn interest.
Lock digital assets for defined periods of up to 12 months in exchange for advertised interest rates.
Borrow against deposited digital assets without selling them, with a promotional borrowing rate advertised at 2.9% per year.
Buy and swap more than 100 digital assets, including Bitcoin, Ethereum, Solana, and USDC.
Receive crypto across 20+ blockchain networks, including Ethereum, Solana, and Tron.
Spend against digital assets and receive up to 2% cashback on purchases.
Use a yield product built around buying assets at lower prices and selling them at higher prices.
Flexible Savings lets account holders earn interest with daily payouts and no lock-up. The account must maintain a balance above $5,000 in digital assets to earn interest.
Fixed-term Savings pays interest for a defined period of up to 12 months. Funds committed to a term have less access flexibility than Flexible Savings.
Dual Investment is a yield product built around buying assets at lower prices and selling them at higher prices. Its outcome depends on the selected market conditions.
Credit Line lets clients borrow against digital assets without selling them. Borrowed funds can be sent to a bank account or received in the Nexo account as stablecoins.
Exchange lets clients buy and swap more than 100 digital assets. Funding options include bank transfers, Visa or Mastercard, Apple Pay and Google Pay.
Nexo Card lets clients spend against digital assets while keeping their holdings in the account. The platform advertises up to 2% cashback and support for Apple Pay.
Nexo Private provides onboarding, relationship management, OTC trading and credit services for individual clients and family offices with $100,000 or more in digital assets.
The corporate account provides businesses with custody, OTC services and 24/7 client care. It is designed for corporate treasury and institutional-oriented account use.
Reviews mention Nexo's simple platform, interest and yield options, responsive support, and straightforward borrowing. Complaints focus on blocked withdrawals, verification and support problems, unclear or reduced interest rates, and regional restrictions.
“Gold Standard I have been using Nexo for lending and yield generation for a few months and have found them to be trustworthy and reliable. Withdrawals are simple and fast, and yield arrives predictably.”
“Was hesitant at first. I know they say not your keys not your coins, but this platform has robust security and they really go the extra mile to keep your funds safe. The customer service is top notch and the platform is easy to use. Wish would’ve been able to just them sooner being a USA resident.”
“Withdrawal not working I quadruple checked my wallet address and I’m not able to get my bitcoin out of this.”
“Questionable tech - returning customer. Used nexo years ago for staking XRP was good. Left and came back. Their CS is incompetent, their tech doesn’t feel premium I say this because after they make me verify my account, they say “activation will only be a couple minutes” I do ALL KYC, SSN, picture…”
“Nexo charged hidden spread on swap with zero fees shown — refused compensation, won't unlock my fixed terms. Anyone else? So I did 3 swaps on Nexo (USDS to EURX) to set up new fixed-term deposits. Before confirming each swap, the preview clearly showed zero fees.”
Scam warning: Users report possible compromised support channels and fraudulent card attempts.
Scam warning: A user reported being scammed by a third party seeking deposits and hiding withdrawal options.
Based on 67 Reddit posts and comments, 19 X replies, 47 App Store reviews from the last 12 months, checked Oct 17, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
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Nexo advertises a promotional borrowing rate of 2.9% per year. The applicable rate depends on the account and offer.
Nexo relaunched its US offering on February 16, 2026, through a partnership with Bakkt. Availability and products vary by jurisdiction, and an identity check is required to create an account.
Nexo is a custodial platform where deposited crypto moves to Nexo-controlled wallets, and it does not maintain real-time on-chain proof of reserves. Nexo says it has not paused withdrawals and has continued paying interest since 2019, but it stopped offering interest accounts to US retail customers in 2022 after regulatory scrutiny and settlements.
Nexo supports more than 100 digital assets and 20+ blockchain networks. The named networks include Ethereum, Solana and Tron.
Yes, Nexo has the NEXO token. The platform includes NEXO among its digital assets and links its loyalty benefits to account balances and platform use.
Recent public posts from @Nexo, shown as published. Not reviewed or endorsed by CryptoReview.
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