The NEXO 'platform' and mobile app
ℹ Important info
(Before you start using NEXO as a crypto wallet understand that you do NOT have full custody of the cryptos coins in your NEXO wallet(s).
Only when you withdraw to a wallet that YOU use with a private keys, that you can truly say that you own your crypto coins.
Let's say that you might have bought some cryptocurrency and are currently HODLing it, because you might have diamond hands, then you may be very interested in finding ways to allow your crypto to compound and grow over time.
The NEXO platform is much more than a online wallet, it works more like a bank, you can save your cryptos in it and earn some impressive interest rates that can go as high as 20% on some cryptos and 12% on stable-coins and fiat *money *(deposited to the platform by bank transfer).
The APY percentage you get payed per day depends on your loyalty level, this is constantly calculated by the amount of NEXO coin you hold alongside your other crypto assets, 10% and above being the highest level you can have.
Depositing and withdrawing crypto assets in Nexus has no extra fees.
On top of this (and just like a bank) you can borrow cryptos, stable-coins and fiat currencies.
And let's not forget the standard swap💱 and crypto buying features.
ℹ Other info
Minimum amount required to start earning APY interest on your crypto.
Minimum amount of crypto You can withdraw.
Earning in NEXO
You can opt in and out to get all your savings rewards in payed out in NEXO.
Dependent on your loyalty level you can get from 0.25% up to 2% extra APY on top of all other earnings, only exemption being any kind of rewards on the NEXO token itself.
Coins / Stablecoins and APY
Here's a list of all coins currently supported on the Nexo platform and the APY interest rate you will get on them.
Bitcoin (BTC) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 0.001 BTC or more in your wallet.
BTC can also be locked for 1 month (minimum is 0.001 BTC), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
Ethereum (ETH) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 0.01 ETH or more in your wallet.
ETH can also be locked for 1 month (minimum is 0.01 ETH), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
Nexo (NEXO) - 7% APY reward, payed out every day.
NEXO can be locked for 3 or 12 months (minimum is 1 NEXO),, this will add an extra 2% or 5% on top of the APY reward, but you will only get payed at the end of the fixed term.
Ripple (XRP) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 5 XRP or more in your wallet.
XRP can also be locked for 1 month (minimum is 5 XRP), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
Bitcoin Cash (BCH) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 0.005 BCH or more in your wallet.
BCH can also be locked for 1 month (minimum is 0.005 BCH), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
Litecoin (LTC) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 0.01 LTC or more in your wallet.
LTC can also be locked for 1 month (minimum is 0.01 LTC), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
EOS (EOS) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 0.5 EOS or more in your wallet.
EOS can also be locked for 1 month (minimum is 0.5 EOS), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
Binance Coin (BNB) - between 4% to 5% APY reward, payed out every day.
You will get a daily interest if you hold 0.05 BNB or more in your wallet.
BNB can also be locked for 1 month (minimum is 0.05 BNB), this will add an extra 1% on top of the APY reward, but you will only get payed at the end of the fixed term.
MORE SOON
