Nexo launched in 2018. Just seven months after its launch, Nexo established itself as the world’s leading crypto lending service. Since then, they have processed more than $300 million. Their user base has also grown beyond 170,000 active customers.
Nexo is a subsidiary of Credissimo. Credissimo is a leading fintech group serving millions of people across Europe since 2007. This is the main reason to trust Nexo in the first place. It’s backed and operated by an experienced company that has been helping customers lend and borrow money for over 10 years.
Through the Nexo platform, lenders can earn interest on their cryptocurrencies. After setting up a Nexo Wallet, you can deposit cryptocurrencies or fiat currencies.
Rates:
- Bitcoin: 4%-5%
- Ethereum: 4%-5%
- XRP: 4%-5%
- Stellar:4%-5%
- Litecoin:4%-5%
- Bitcoin Cash:4%-5%
- EOS:4%-5%
- TrueUSD:8%-10%
- USD Coin:8%-10%
- Dai 8%-10%
- Paxos Standard:8%-10%
- Tether USD:8%-10%
You will need to stake NEXO Tokens worth 10% or more of the total value of assets in your Savings Wallet to be eligible for higher interest rates. This earns you compounding interest paid out daily. It’s a fully automated process available for all Nexo Wallets with no minimum amounts & no fees restrictions.
