How much interest does Nexo?
With Nexo, you can put your idle assets to work straight away and have a predictable source of passive income without the risk. Just top up and start earning up to 20\% annual interest immediately – no further action is needed on your side.
How can Nexo afford to pay interest?
How is Nexo able to pay interest on my assets?
- High-yield savings with a compounding interest rate of up to 12\%
- A unique daily payout.
- Full flexibility: use or withdraw funds at any time.
- #ZeroFees — No fees, no minimum contribution requirements.
- $375 million insurance on custodial assets through Lloyd’s of London.
What is the Nexo cryptocurrency interest account?
The Nexo Cryptocurrency Interest Account Users can earn 10\% on stablecoins like USDT, USDC, PAX, TUSD, DAI, HUSD, and 6\% on BTC, BNB, ETH, XRP, LINK, BCH, LTC, TRX, PAXG, and XLM if they elect the “Earn in Kind” option. Earning in Kind means that users will earn their interest in the base currency; BTC deposits will earn in BTC.
Can you really earn a high yield with Nexo?
You can earn a very high yield with Nexo. But there’s a caveat! To earn a 12\% interest rate on your fiat and stablecoins, and a rate of 8\% on your crypto savings, Nexo mandates that 10\% of your holdings in the savings account should be in NEXO tokens.
What are the benefits of holding Nexo (Nexo)?
If holding NEXO, users can: Earn an additional 2\% APY on their deposits, bringing stablecoins up to 12\% and other cryptocurrencies to 8\%. Borrow 5.9\% for Nexo’s Instant Crypto Credit Lines. Other cryptocurrency interest account platforms have similar tokens: Celsius has CEL, Crypto.com has CRO.
How to earn interest on idle crypto with Nexo?
Nexo is the world’s largest and most trusted lending institution in the decentralized finance space and has already processed more than $4 billion for 1,000,000+ clients in 200+ jurisdictions. Follow these simple steps and start earning up to 12\% interest on your idle crypto: Register and Log in to your secure Nexo account.