Summary
Nexo is a digital asset platform that allows users to buy, sell, exchange, and earn interest on over 100 cryptocurrencies. It also offers crypto-backed credit lines, a debit card for spending, and solutions for both individual and business clients to manage their digital wealth.
Features8/15
See allMust Have
2 of 5
Borderless Debit Card
Fast Transfer Execution
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Multi-Currency Account
Other
6 of 10
API Integration
Business Account Features
Mobile App
Regulatory Compliance
Multi-User Access
Customer Support
Batch Payments
Real-Time Rate Alerts
Invoice Creation
Spending Analytics
PricingFreemium
See allBase
- No NEXO Tokens needed
- Interest on your outstanding Credit Line balance is 18.9%
Silver
- The ratio of the NEXO Tokens in your account against the rest of your portfolio must be at least 1%
- Interest on your outstanding Credit Line balance is 17.9%
Gold
- The ratio of the NEXO Tokens in your account against the rest of your portfolio must be at least 5%
- Interest on your outstanding Credit Line balance is 13.9% if your LTV is above 20% and 5.9% if your LTV is below or equal to 20%
Platinum
- The ratio of the NEXO Tokens in your account against the rest of your portfolio must be at least 10%
- Interest on your outstanding Credit Line balance is 10.9% if your LTV is above 20% and 2.9% if your LTV is below or equal to 20%
Rationale
Nexo offers a platform for managing digital assets, including buying, selling, exchanging, and earning interest on cryptocurrencies. While it provides a debit card for spending and supports various currencies (crypto and fiat for transfers), it does not explicitly state that it offers mid-market exchange rates for fiat currency transfers or transparent low fees in the same way Wise does for international money transfers. Its primary focus is on crypto wealth management, lending, and exchange, rather than traditional cross-border fiat payments at mid-market rates. However, it does offer a debit card, fast transfers (for crypto and stablecoins), API integration for businesses, business accounts, a mobile app, regulatory compliance, multi-user access, and customer support.
