NEXO.io Wallet Review 2021 with Referral Link

Nexo IO review 2020 Interest Account Screenshot feature

In this Nexo.io wallet review 2021 we will get you the best sign up bonus with our referral link.

Also, we will ask us questions like:

  • NEXO crypto interest rates comapared to BlockFi, Celsius and YouHodler
  • NEXO card compared to BlockFi and Crypto.com
  • NEXO token compared to Celsius CEL token and Crypto.com CRO token.

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Nexo IO Wallet Review 2021 Intro

Nexo.io is offering a dekstop and mobile wallet where you can lend and borrow crypto.

By lending crypto on the Nexo.io application you can earn crypto passive income.

Nexo.io is an EU licensed and regulated financial institution. They have a 100 million insurance on all custodial assets.

Nexo has a user base with over 800.000 users and 4.8 rating on Trustpilot.

Nexo is offering the services

  • Earn daily compounding interest on your crypto and EUR, GBP and USD
  • Collateralize your crypto and borrow instantly with Nexo’s crypto credit lines
  • Nexo card – Spend the value of your crypto without selling it. Get instant cashback on all purchases and take advantage of flexible repayment options and zero fees.

Nexo IO Wallet Review 2021 Interest Rates

Nexo.io wallet is offering interest rate accounts for cryptocurrencies and stablecoins.

The Nexo.io interest rates are 

  1. For stablecoins 8-12%
  2. For cryptocurrencies 4-8%

One important thing to notice when you compare interest rates between different companies are loyalty levels and in what currency the interest is paid.

For example, with Crypto.com and Celsius Network, there are several different loyalty levels that also determines you interest rate. On top of that, you can also choose if you want the interest paid in their native token for Crypto.com and Celsius which will also affect you interest rate.

Read more about loyalty levels in the next section.

 

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Nexo IO Loyalty Levels Review 2021

In the table below, you can see all the Nexo.io loyalty levels for 2021.

It´s a complicated table but basically it means

  1. There are 4 different levels: Base, Silve, Gold, Platinum. You can see the requirement under each symbol
  2. For cryptos and stablecoins, you will earn 0.25% extra per loyalty level 
  3. You can earn 2% on any level if you chose to receive the payouts in the NEXO token
  4. You can earn 1% on any level if you chose to lock your funds 1 month

Nexo Card Review 2021

Right now you can sign up to get early access for the Nexo card. Nexo has not announced but according to the logo on the card it will be a Mastercard.

The Nexo card gives you the following features.

  • Freeze and unfreeze your Nexo Card with a single tap
  • Receive instant notifications about all transactions
  • Create free virtual cards for safe online purchases
  • Monitor all your transactions in real-time
  • Get 2% cashback with all purchases
  • View your PIN and change it at any ATM if needed
  • Accepted by 40+ million merchants worldwide
  • Free virtual cards
  • Payments in local currencies
  • NO FEES (no monthly fees, no FX fees)
Compare these rewards and benefits with the Binance Visa card or Crypto.com CRO Visa card.

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How to Buy Nexo Token?

The Nexo token is not possible to buy on every crypto exchange. The market is not very liquid and the trading volume is also a bit limited. 

Our best proposal when markets are limited is to go to Coinmarketcap and find the cryptocurrency. After this, you click on market pairs and here you can see all the crypto exchanges with most trading volumes. We have already don this for you.

In the screenshot below you can see all the Nexo market pairs and they are sorted by trading volume. You should look for one of the greatest trading volumes since you will find the best spread on that market. Also, there will be minimum slippage.

We would use Huobi Global to buy Nexo tokens and actually we did when we bought our Nexo tokens.

Nexo IO Review 2021 Summary

We believe Nexo Io definitely should be a part of your crypto passive income portfolio in 2020. 

We ourselves have an equal portion in Nexo, Crypto.com, BlockFi and Celsius of our total holdings.

We think these four are the greatest players when it comes to interest accounts and easy-of-use. Also, they have a good online reputation.

Compare our Nexo review with our Crypto.com app review.

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