How to Buy Nexo (NEXO) in 4 Easy Steps

Automatically updated 3 minutes ago

Quick Answer:

You can buy Nexo and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Nexo.
  2. Register a new account.
  3. Fund your account.
  4. Buy Nexo.
NEXO
$0.8375563968863

These steps are simple if you know where to buy Nexo cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Nexo (NEXO) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Nexo Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

33

Only 33 of these exchanges sell Nexo.

We then filter down the entire set of possible marketplaces to only the ones that have active NEXO markets.

21

Only 21 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

3

Only 3 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Binance

World's largest crypto exchange, known for its wide range of trading options, low fees, and strong security features.

VISIT Binance Read Review
Reasons we โ™ฅ Binance:
Low Fees
Wide Selection of Cryptocurrencies
Extensive Trading Tools and Options
Robust Security Features
Educational and Extra Features
CRYPTOCURRENCIES:376
FUNDING:
Apple Pay
,
Google Pay
,
Bank Transfer (ACH)
,
Wire Transfer
,
Debit Card
,
SEPA

Step 2Register Your New Account

Users have the option to sign up using their email address, phone number, or directly with an Apple or Google account. It's important to select the account type carefully, as it cannot be changed after registration.

  • Go to Binance Website: Visit the Binance website and click on 'Register'. Choose your preferred registration method (email address, phone number, Apple, or Google account).
  • Enter Email/Phone Number: If registering with an email or phone number, enter the details. Optionally, if referred by a friend, enter their Referral ID. Agree to the Terms of Service and Privacy Policy, then click 'Next'.
  • Verification Code: Receive a 6-digit verification code via email or phone. Enter this code within 30 minutes and submit it.
  • Create Password: Create a secure password for the account. It must have at least 8 characters, including at least one uppercase letter and one number. Click 'Next'.
  • Account Creation Confirmation: Upon completing these steps, the Binance account is successfully createdโ€‹โ€‹.

Step 3Fund Your Account

Once you have registered or logged in to your account at Binance, there are several funding methods you can use to buy Nexo cryptocurrency.

You can buy Nexo on Binance using:

  • Apple Pay: Instant processing time
  • Google Pay: Instant processing time
  • Bank Transfer (ACH): 1-3 days processing time
  • Wire Transfer: 1-3 days processing time
  • Debit Card: 1-3 days processing time
  • SEPA: 0-5 days processing time

Step 4Buy Nexo (NEXO)

After registering and funding your account at Binance, you should be able to buy Nexo after your deposit finishes processing. After you receive your NEXO, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Nexo Exchanges

Nexo is also available on these exchanges:


About Nexo

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.ย 

“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 โ€“ 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 3.5ะœ+ 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 Paymentsย 

  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
  • ย 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. Itโ€™s a long-established exchange, launched in 2013.ย 

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

Nexo (NEXO)
Price
$0.8375563968863
24h Change
2.2
7d Change
13.0