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How & Where to Buy Nexo A Step-by-Step Guide to Buying NEXO

No exchanges offer Nexo NexoNEXO for direct purchase using cash.

To buy Nexo, you will complete a simple three step process:

  1. Buy Ether etherETH at a trusted crypto marketplace.
  2. Send your new etherETH to your Metamask Wallet.
  3. Connect Metamask to 1inch.io and swap etherETH for NexoNEXO.

Keep reading to get the simple to follow step-by-step instructions.

  1. Step 1Trade Cash For Crypto If you already own ETH you want to trade, skip this step and go directly to step two.

    If you don't currently own crypto, then the first step is to get some. In this step you will be buying some Ether etherETH. You are buying Ether because you can directly swap it for NexoNEXO in step 3.

    This will reduce fees by requiring only one trade: etherETH for NexoNEXO

    Click the "Visit Binance.US" button below to sign up at Binance.US — our favorite place for beginners to make their first crypto purchase.

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      66

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states, including New York & Texas.

    After you sign up for Binance.US, complete the steps on the website to fund your account and complete your first purchase of etherETH.

  2. STEP 2Send Ether to a Crypto Wallet

    Now that you have etherETH in your Binance.US exchange account you need to send it to an Ethereum-compatible wallet.

    How to Set Up Metamask

    1. Visit Metamask.io
    2. Download the browser extention for Chrome on desktop or the Metamask app for iOS or Android.
    3. Complete the wallet set up process taking special precaution to record your Secret Recovery Seed Phrase. You will lose your funds forever if you lose access to your wallet and can't recover it with your backup recovery phrase.

    How to send Ether (ETH) to Metamask

    1. Copy your new Metamask wallet address by clicking "Receive" and then click "Copy."
    2. Navigate to your Binance.US wallet and click "Withdraw" on your Ether balance.
    3. Paste in the Metamask wallet address you copied earlier.
    4. Double check the address you pasted vs the address in your Metamask to make sure no copy/paste errors occurred.
    5. Once you're 100% satisfied that the addresses match, "withdraw" your ETH from Binance.US.

    Now that you have your Metamask wallet set up, let's move on to buying some Nexo.

  3. STEP 3Connect Metamask to a Price Aggregator

    Now that you have etherETH in your Metamask wallet, you will find the best price to buy NexoNEXO.

    How to Find the Best Price for Nexo

    There are many decentralized exchanges on Ethereum where you can buy Nexo. You could simply pick one of them and use it and hope that it's the best price. Or you could use a decentralized exchange (DEX) aggregator to find the best price possible without having to compare each one manually. A DEX aggregator like 1inch.io uses the power of open defi programs to compare prices across all marketplaces and offer you the ability to automatically execute that trade directly through 1inch.io. 1inch saves you time and money by automatically choosing the best price.

    Best Nexo (NEXO) Exchange Aggregator

    • Nexo exchange
      Nexo exchange

      1inch

      etherETH
      Ease of use
      Very Easy
      Time to 1st Buy
      3 mins
      24h Volume
      $478,006,534
      Coins
      200k+

      1inch is a site that searches across all decentralized exchanges in the Ethereum, Binance Smart Chain, and Polygon networks for the best price on any token you wish to buy. It launched in 2021 and uses the CHI gas token to save up to 42% on gas fees. Simple to use and saves time and money.

    Copy the token address below and paste it into 1inch to add NEXO.

    0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206

    Once you have added NexoNEXO into the "You receive" box, click "SWAP Token" and confirm the transaction in Metamask.

That's all you need to do to buy Nexo.

Common Questions About Buying & Selling Nexo (NEXO)

What is the best NEXO wallet?

We recommend Metamask as our top-rated wallet primarily because it is so widely supported, but there are other good options like TrustWallet. Trust Wallet is built and supported by Binance, the world's largest crypto exchange. We cannot rank Trust Wallet above Metamask because it only has a mobile version, and the iOS version for iPhones does not have an in-wallet browser, which makes connecting to DeFi apps cumbersome.

How do I add NEXO to Metamask?

To see your newly purchased NEXO in your Metamask wallet, click "Add Token" and copy the NEXO contract address 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206 into the Custom Token Contract Address field. You will now see your NEXO balance in Metamask and be able to send, receive, and trade it.

Nexo Research Center

Nexo Technical Details & Statistics

Tokenomics
  • Market Rank89
  • Market Cap362,766,017
  • Circulating Supply560,000,011
  • Total Supply1,000,000,000 NEXO
  • Max Supply1,000,000,000
Yesterday's Trading
  • 24 HR Volume6,842,142 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy Nexo (NEXO)

Antoni Trenchev is the Co-Founder & Managing Partner of Nexo. The Nexo team launched the project in April 2018 with a mission to resolve inefficiencies in the traditional lending market by using blockchain technology and designing secure, seamless products with instant availability. The collective team behind Nexo have significant experience in the financial fields, including crypto-lending, mergers and acquisitions, investment banking, and hedge funds.

“Nexo’s values are rooted in efficiency, transparency, and inclusivity. This is reflected in our fully-automated products, transparent processes, and our extensive efforts to develop a truly global service that makes wealth creation opportunities available to everyone.” – Nexo website

What Is Nexo (NEXO)?

Nexo is a blockchain-based platform offering crypto-backed loans. Nexo accepts over 30 cryptocurrencies, including top-listed coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The lending process requires users to deposit cryptocurrencies to be used as collateral for a Nexo loan. Loans are for fiat currency or stablecoin.

The native token of Nexo is $NEXO. Holders of $NEXO tokens can receive discounts on accumulated loan interest and interest payments, but your $NEXO tokens are locked in on the platform. 

“Nexo is the world’s largest and most trusted lending institution in the digital finance industry” – Nexo website

What Makes Nexo (NEXO) Unique?

Nexo appeals to a vast audience, including retail and institutional investors. For the latter, Nexo offers an institutional consulting service. Cryptocurrency exchanges and crypto companies can use Nexo services, as can anyone that requires liquidity from their assets.

  • The Nexo card – is accepted globally by 40M+ merchants with payments in local currencies. You can get up to 2% in instant cashback on purchases. Free additional virtual cards are available, and there are no annual, monthly or inactivity fees. You can manage your Nexo card via the mobile app, available for both iOS and Android devices
  • Buy & Earn – you can earn up to 0.5% back when you buy crypto from Nexo. The interface is user-friendly, purchases are instant, and you can earn interest daily on your digital assets
  • Borrow at 0% APR – using your crypto as collateral, you can borrow cash or stablecoins with an instantly available credit line. There are no credit checks, no monthly repayments, and you can borrow from as little as $50 and up to a whopping $2 million
  • Swap & Earn – Nexo has 200+ market pairs available for exchange, and, depending on your loyalty tier, you can earn up to 0.5% cashback with daily accrued interest. Nexo website suggests that you can “3x your holdings without extra capital.”
  • Loyalty program – if you hold $NEXO tokens, you can access higher earning rates and unlock the lowest rates for borrowing. Nexo distributes 30% of its profits in the form of dividends to $NEXO token holders

Nexo Security

Nexo provides the maximum security levels for your digital assets. The company works with some leading authorities in custody and compliance, including Bakkt, BitGo, Ledger, and Amazon Web Services.

Taken directly from the Nexo website, here are more security assurances: –

  • Only lending on an over-collateralized basis
  • Biometric-based identify verification
  • ISO/IEC 27001 certified
  • Segregated multi-signature wallets
  • Extensive firewall server architecture
  • Community driven vulnerability disclosure

“Since 2018, Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system. Nexo currently manages assets for 3.5М+ users across 200 jurisdictions.” – Nexo website

How and Where to Buy Nexo (NEXO)

Huobi Global is one of the easiest platforms for buying $NEXO coins. The exchange lists over 450 cryptos and over 1,000 trading pairs. There are 57 local currencies and 60 payment methods available: –

  1. Open an account with Huobi Global -There are three different account levels with various verification requirements. Opt-in for the higher verification so you can access Huobi’s full services
  2. Log in to your account go to “Balance” and “Exchange account”
  3. Select “Deposit-Exchange” – search for GBP, click “Deposit”. Presently, it’s only possible to deposit GBP but, according to the Huobi Global website, this limitation is temporary
  4. Choose [Faster Payments] – input the amount, and click “Next”.
  5. Click on “Increase Limit” – to complete advanced verification for higher deposit limits.
  6. Log in to your online banking – enter the information below to initiate a transfer to Huobi Global.

The funds will arrive in your Huobi account immediately via Faster Payments 

  1. Check details are correct – if you make an error, contact the Huobi 24/7 global support team
  2. Go to the exchange You can’t buy $NEXO tokens directly. Look for NEXO/ETH, NEXO/BTC or NEXO/USDT and click on “Buy”
  3. Store your $NEXO securely – the exchange has a Huobi wallet, a secure and professional DeFi wallet, or you can send your $NEXO tokens to an off-ramp wallet that supports $NEXO tokens

Buying Crypto Directly with Huobi Global

  • Go to “Quick buy/sell” – a buy screen opens to the right of the page
  •  Select card payment and enter the currency you wish to use by clicking on the dropdown menu
  • Click on “Buy $USDT”
  • Go to the exchange – look for NEXO/ETH, NEXO/BTC or NEXO/USDT and buy using your purchased $USDT (USDT pairs to the dollar so will be the same price as the U.S dollar)

How do I Sell Nexo (NEXO)?

The process for selling your $NEXO tokens is the reverse process of your purchase:

  1. Log in to your Huobi Global account
  2. Sell your NEXO/USDT, NEXO/ETH or NEXO/BTC for $USDT
  3. Transfer your $USDT to a reputable off-ramp platform such as Coinbase or Gemini
  4. Check transfer fees costs before completing the transaction
  5. Once the $USDT is in your Coinbase or Gemini account, it’s easy to convert them to your chosen fiat currency and withdraw to your bank account, allowing you to enjoy the profits you’ve (hopefully) made on your $NEXO investment

Should I Buy Nexo (NEXO)?

We cannot offer investment advice, but if you wish to invest in Nexo (NEXO), purchase from a reputable cryptocurrency exchange such as Huobi Global or FTX.

After purchase, we advise storing your $NEXO tokens securely in a cryptocurrency wallet. Huobi Global has a choice of secure wallets where you can store your $NEXO tokens. FTX also lists Nexo (NEXO), and both platforms have an exchange wallet.

How do I Invest in Nexo (NEXO)?

Suppose you wish to invest in Nexo (NEXO). It’s essential to purchase from a trusted, secure crypto exchange like Huobi Global. It’s a long-established exchange, launched in 2013. 

You can also invest in Nexo (NEXO) from FTX, using the NEXO/USD pair.