Below you can get an easy overview of all the stablecoins and cryptocoins on which you can earn interest at Nexo, as well as just how much interest it is. Note: We mention the maximum interest you can get on these coins and for this you need to be below the platinum level of Nexo. More on this can be found at the bottom of this page.
Nexo's loyalty program.
Nexo has its own cryptocoin called “Nexo Token.” If you want to get interest on your cryptocoins and/or stablecoins, you can increase them by boosting your total portfolio value with Nexo Tokens. Below you can find an overview of their different loyalty levels as well as what additional benefits this provides.
Base level
Up to 1% Nexo tokens
Silver level
Between 1 and 5% Nexo tokens
Gold level
Between 5 and 10% Nexo tokens
Platinum level
More than 10% Nexo tokens
Cryptocurrencies
4%
4.25%
4.5%
5%
Stablecoins
8%
8.25%
9%
10%
Fiat Currencies
5%
5.25%
6%
7%
NEXO Tokens
4%
4%
4%
4%
Earn in NEXO Bonus
+ 0%
+0.25%
+ 1%
+ 2%
What does the Earn in Nexo bonus mean?
At Nexo, interest is paid out daily. You can choose which cryptocoin or stablecoin you wish to be paid in, however if you choose to pay in Nexo tokens you will receive an additional bonus as you can see above. After your interest is paid out, you can simply convert your Nexo tokens to other crypto or stablecoins.
How do you get interest at Nexo?
Nexo has a great wallet where you can put a lot of different crypto and stablecoins. One of the options is to get interest on these coins and this works very easily. Initially, of course, you must have coins on your Nexo wallet. You can easily transfer coins from another wallet to your Nexo wallet or simply purchase new coins. Once you have coins on your wallet, you can start earning interest. To start, click on the “Earning up to …%” button next to your wallet.
Note: For each coin there are different conditions regarding interest. You can choose for Fixed or Flex contracts. You can find the difference between both contracts below. Not only are there different contracts, also the duration differs per coin as well as there are coins where you can set different durations. The duration is the time you lend your coin for interest. Do you start earning interest? Then you lend out your coins for x amount of time. Once you have set your contract and duration, everything starts automatically. Nexo also pays out interest daily, which is very interesting because many cryptocoins can rise and fall tremendously each day.
As an example, we will use the Nexo token. If you want to make interest on this token, you can choose between a FLEX ( 4% ) contract or a Fixed ( 12% ) contract. You can also choose for how long you want to lose your coins. For the Nexo token, you can choose between a 3-month period ( +5% ) or a 12-month period ( +8% ).
What is the difference between a Flex and a Fixed contract?
The difference between a Flex and a Fixed contract is quite simple. With a Flex contract, you get a lot less interest. The advantage is that you can say at any time to sell or exchange your coins for other coins. The Fixed contract is different. The interest is much higher, but when you sign a contract for ( let’s say 3 months ) it also means that you can’t get your coins during those 3 months. If you notice that your coin is in a downward spiral, you can only sell or exchange it after your 3-month contract has expired.
What about stablecoins and fiat money?
On Nexo, you can store a lot of stablecoins as well as fiat money on your wallet and get interest on them. The advantage of stablecoins is that they are ( as the word says ) stable coins. They often follow the rate of the dollar so you hardly see it rise or fall. The advantage of this is that your money stays fairly stable. On stablecoins at Nexo you get between 14 and 16% interest depending on which stablecoin you choose.
It is also possible to store your fiat money on your wallet. You can choose the Dollar, Euro or British Pound. On Fiat money you get 15% interest at Nexo. This is a huge difference from the interest you get at your bank.
What is the support like at Nexo?
For me, an important aspect in choosing a good broker is their support. After all, we are talking about money and for me that includes good support. I have known the support of Nexo for some time now, having been with them for over 5 years. In those 5 years I have regularly asked them questions and they have always responded quickly and correctly. Even during the weekend and in the evening I always get an answer very quickly. For me personally, the Nexo support is a big plus.