Nexo Platform

If you're looking for a way to earn high returns on your crypto-currency holdings, NEXO is definitely a platform for you .

As one of the leading crypto-currency lending platforms, Nexo allows you to deposit your digital assets and earn annual interest rates of up to 16% - paid daily and compounded .

In this beginner's guide, we'll look at what Nexo is, how its crypto interest accounts work, the benefits of using the platform and step-by-step instructions for getting started .

What is NEXO ?

Nexo is a crypto lending company that was founded in 2018, Nexo operates as a sort of "crypto bank" providing overcollateralized crypto loans and interest-earning accounts .

One key advantage of Nexo is their robust security and regulatory compliance. They are one of the few crypto lending platforms that hold real operating licenses across multiple jurisdictions including the United States, Australia, Canada, Hong Kong, Italy, Poland, Lithuania, and Switzerland. User assets are kept in cold storage and insured for up to $375 million .

How do Nexo Interest Accounts Work ?

The primary way retail users interact with Nexo is through their interest-earning accounts. You can transfer cryptocurrencies like Bitcoin, Ethereum, stablecoins and more into your NEXO account to start accruing interest immediately.

The interest rates you receive depend on the type of cryptocurrency, your account loyalty tier, and whether you opt to earn in Nexo's native token or the same asset you deposited .

For example, at the highest loyalty tier customers can currently earn :

• 16% APR on USDT

• 15% APR on DOT (Polkadot)

• 14% APR on USDC and other stablecoins

• 12% APR on NEXO Token

Your interest compounds daily and is paid out daily as well so you earn interest on your interest! This compounding effect really allows your crypto to grow exponentially over time .

Benefits of Using NEXO

There are many advantages to using Nexo for earning interest on your crypto :

• Attractive interest rates - Up to 16% APR on stablecoins is among the highest in the crypto lending market. And you still earn solid rates on other popular assets too .

• Instant liquidity - Your assets are never locked up. You can withdraw or use them as collateral for a crypto loan anytime .

• Security and compliance - Extensive licensing, asset insurance and security make Nexo one of the safest crypto interest accounts .

• Easy to use - Deposit, earn, withdraw. Nexo has a clean user experience suitable for both beginners and advanced users .

• Loyalty program - Earn higher interest rates and other perks by holding Nexo's token and progressing through the different loyalty tiers .

How to Get Started with Nexo

Follow these simple steps to start earning interest on your crypto with NEXO :

1. Sign up and get verified

Head to the Nexo website or mobile app and click Sign Up to create a new account. You'll just need to provide an email address and create a secure password .

Next, you'll need to get your account verified by uploading some basic personal information like your name and a photo ID. Account verification is required to deposit and earn interest .

Don't forget to use a referral link or code when signing up to qualify for Nexo's $25 Bitcoin bonus! You just need to maintain a balance of $100 or more for 30 days after signing up .

2. Deposit cryptocurrency

Once verified, you can make your first cryptocurrency deposit into your NEXO account wallet.

NEXO supports all of the major cryptocurrencies like Bitcoin, Ethereum, Litecoin and various stablecoins .

To deposit, simply copy your account's coin-specific address and transfer funds from another wallet or exchange. The deposit will typically arrive within minutes .

3. Opt-in to earn interest

By default, cryptocurrencies in your Nexo account will already start earning interest at the base loyalty tier rate. However, you can increase your earnings significantly by :

A) Converting some of your crypto to the NEXO token to attain a higher loyalty tier. For instance, having 10%+ of your  portfolio in NEXO tokens qualifies you for the highest Platinum tier .

B) Choosing to Earn in NEXO which pays interest into the NEXO token and provides a 2% bonus rate .

C) Creating a crypto Fixed Term where you lock up your assets for a set period like 3 months in exchange for preferential interest rates .

4. Earn interest and watch your crypto grow by the day and hour through compounding interest .

The interest you earn can be withdrawn freely or can be used as collateral to obtain an instant crypto-currency loan from Nexo if required .

For updates, news and promotions visit the NEXO website, follow their X account.

Start earning crypto-currency interest today by signing up using a Nexo referral link to receive your $25 bitcoin bonus .