Nexo: Buy, Exchange, and Store Bitcoin & Crypto (2024)

FAQs

Does Nexo work in the USA? ›

The Nexo Services are unavailable to citizens or residents of certain jurisdictions, including where restrictions may apply, such as Bulgaria, Estonia, the USA, and Canada.

What is the Nexo Exchange? The Nexo Exchange is our hub, which allows you to buy and sell over 60 digital assets, using intuitive order types like Swap, Target Price Swap, Crypto Bundles, and Booster. Through the Nexo Exchange, you can also trade perpetual futures contracts.

Secure storage: Nexo partners with Ledger Vault to keep crypto funds secure. Insurance: Nexo also works with Bakkt, a leading provider of secure storage, and maintains a $125 million insurance policy to protect crypto assets. Both Ledger and Bakkt insure funds on Nexo.

Security Threats: Users must be cautious of common security threats such as email and account takeover, phishing, malware, and identity theft to keep their NEXO accounts safe.

You can withdraw your assets from the platform at any time via the following transfer methods: EURx -> SEPA. GBPx -> FPS and SWIFT* USDx -> SWIFT.

Nexo is Summit National Bank's preferred digital asset partner for the push toward innovation.

Nexo's price today is US$0.9254, with a 24-hour trading volume of $2.7 M. NEXO is -1.18% in the last 24 hours.

If you exceed the free monthly ATM withdrawal limit for your Loyalty Tier, a 2% fee, with a minimum charge of €1.99 or £1.99, will be applied to each subsequent ATM withdrawal.

The company has applied to close Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd as part of a restructuring, according to co-founder Antoni Trenchev. He told Bloomberg that Nexo is rethinking the way it services clients, but that it is not considering a full exit of the UK market.

Is Nexo real or fake? ›

I have been using Nexo for 3 years now and they are overall a great company. They offer a wide variety of financial tools and have never failed to satisfy any of my needs. Customer service is great, withdraws are fast and reliable. My most trusted crypto company without a doubt.

On January 19, the US Securities and Exchange Commission (SEC) reached a settlement with Nexo on the basis of 'no admission, no denial'. Nexo agreed to compensate the SEC for USD 45 million and to stop offering its undeclared loan products to US citizens.

1 USD equals 0.000017 BTC. The current value of 1 United States Dollar is +0.60% against the exchange rate to BTC in the last 24 hours. ​ The current Bitcoin market cap is $1.14T. ​Create a free Kraken account to instantly convert USD to BTC today.

1. Navigate to your 'Dashboard' tab and click 'Withdraw' in the top-right corner of the screen. 2. Select the asset you want to withdraw to your Savings Wallet.

Is there a minimum purchase amount for Bitcoin on Nexo? Nexo allows you to buy as little as $1 worth of BTC, making it as accessible as possible Bitcoin is infinitely divisible, with each BTC consisting of 100 million pieces called satoshis, allowing for the purchase of fractional amounts.

Buying NEXO Tokens via the Nexo Exchange

Go to the 'Exchange' tab and select the 'Buy' option. Select the cryptocurrency or stablecoin you want to swap for NEXO Tokens. Select the NEXO Token as the currency you want to purchase. Confirm the purchase.

Belarus, Canada, Norway, Switzerland, Turkey, Bahrain, Egypt, India, Israel, Jordan, Kuwait, Nigeria, Oman, Qatar, Saudi Arabia, South Africa, United Arab Emirates, United States, Argentina, Brazil, Chile, Colombia, Dominican Republic, Paraguay, Peru, Australia, Hong Kong, Indonesia, Japan, Korea (Republic of), ...

The Nexo Earn Interest Product is not available for citizens or residents of certain jurisdictions, including where restrictions and limitations may apply, such as the USA, Bulgaria and Estonia.

Supported countries for EUR transfers:

Countries from the European Economic Area (EEA), Switzerland, Argentina, Taiwan, Hong Kong, Thailand, Singapore, United Arab Emirates, Mexico, Brazil, Andorra, Australia, New Zealand, South Africa, Montenegro, Reunion, French Polynesia, Malaysia, Monaco.