Full Nexo Review for 2025 – Is It The Best Crypto Wealth Platform?

Have you ever wanted more out of your crypto exchange? If your answer is ‘yes’, you’ve come to the right place. In this Nexo review, we explore what makes it more than a crypto exchange, analyzing the features that help you build and manage a profitable crypto portfolio.

We’ll also go over how you can use this platform. Spoiler alert: it’s a lot easier than you’d expect. Its help section is comprehensive,  catering to beginners and experienced traders alike. 

By the end of this article, you’ll know enough about Nexo to make an informed decision. Before we get there, let’s start by taking a look at exactly what Nexo is and what makes it a unique player in the crypto space. 

What is The Nexo Crypto App?

Nexo is a centralized finance (CeFi) platform, founded in 2018, that allows you to build and manage your crypto wealth through a mobile app or browser. 

Its features include an exchange that supports over 100 crypto assets and more than 1.5K trading pairs, flexible and fixed-term savings accounts with up to 16% APY, crypto-backed loans, Dual Investment, and a bank-style credit/debit card that’s accepted at millions of merchants around the world. 

There are also over 100 perpetual contracts with up to 100x leverage for experienced traders out there.

This has positioned it as one of the top crypto platforms around, allowing it to facilitate over $371B in trades since its founding. It’s also won an array of awards, including the Digital CX Award and the Fintech Breakthrough Awards in 2025, making it a truly premier crypto wealth platform. 

Nexo Platform Pros and Cons

Now that you have an idea of what Nexo is, let’s quickly review some of its pros and cons.

Pros

• High interest rates on your crypto savings (up to 16% APY)
• Innovative crypto-backed credit line for more liquidity
• Loyalty program offers additional perks like free monthly withdrawals and lower fees
• Strong security measures (2FA and biometric authentication)
• Comprehensive guides on how to get started
• Supports a wide range of crypto assets and trading pairs
• Up to 2% cashback with the Nexo Card

Cons

• Requires holding $NEXO tokens for many benefits, like lower interest rates on loans
• Regulatory uncertainty in regions like the US
• Nexo holds custody of your assets and private keys
• KYC might be a deal breaker for privacy-conscious traders

Nexo Apps’ Key Features

Nexo has some unique features that distinguish it from other crypto platforms. Let’s take a deeper look at these features to determine if they’re right for your crypto investment needs.

Flexible and Fixed Term Savings

Nexo helps you build your crypto wealth by allowing you to open flexible and fixed-term savings accounts. With flexible savings, you can access your funds anytime, while earning an annual interest of up to 16% on the crypto you don’t use. That said, the interest rates vary depending on the asset. 

For example, if you’re holding $AXS in your savings account, you’ll earn 16% interest, while those holding $BTC will only earn 6% annually.

Fixed-term savings work the same, with the key differences being the lockup period and higher yields on the same assets. For example, Savings $BTC in the flexible account will generate a yield of 6%, while the same asset in the fixed account will yield interest of up to 7%. $USDT savings in the flexible account get up to 13%, while in the fixed account, it generates the maximum yield of 16%. 

You can choose to lock your funds away for 1, 3, or 12-month terms while earning various interest rates depending on your assets. This is a great way to earn passive income with little to no effort.

Dual Investment

Dual Investment is a derivatives product, and it allows you to buy or sell your assets at a predetermined price. It works by depositing crypto and setting a target strike price, followed by an expiration date (settlement date).

There are two separate strategies, and you get to choose one based on your market expectations. The first is to ‘Buy low,’ where you can buy crypto using $USDT or $USDC if market conditions align with your strike price. The second is to ‘Sell high,’ which allows you to sell your invested crypto for $USDT or $USDC.

Using this feature means you’re prepared to have your crypto converted to $USDC or $USDT. For an added benefit, you’ll be generating interest of up to 15% on your deposited crypto while you wait for the trade to execute. However, the yield will be paid out in the output currency, and not necessarily the currency you’ve deposited.

Spot and Derivatives Trading

Nexo’s crypto exchange allows you to trade over 100 crypto assets through more than 1.5K crypto pairs. Furthermore, it has support for more than 100 futures contracts, primarily $USDT-denominated, with up to 100x leverage.

Nexo Booster allows you to increase your buying power up to 3x in a single transaction, financed through Nexo’s Credit Line, which you can pay back at any time. 

Another benefit of using Nexo’s exchange is the fact that you’ll receive cashback of up to 0.5% for any trade you make, paid out in $NEXO tokens.

Those just starting can practise using Nexo’s Demo trading feature. It allows you to perfect your trading strategy before committing real money  

Credit Line

Nexo offers a Credit Line similar to those offered by banks. However, unlike in banks, there are no credit checks, and approval is instant. 

The crypto in your Nexo accounts acts as collateral, which means that you qualify automatically once you make a deposit. This feature gives you access to more liquidity without requiring you to sell your assets, thereby helping to maintain your long-term holdings. 

That said, credit incurs interest, and if you’re not on Nexo’s loyalty tiers, the rate can be as high as 18.9%. However, those on the Gold and Platinum tiers get interest rates of 5.9% and 2.9%, respectively. More than that, repayment is flexible with no minimum monthly installment, giving you more control over your funds.

One of the caveats of Nexo’s Credit Line is that if you decide to repay your loan within 45 days, you’ll be charged interest totalling 18.9%, regardless of your loyalty tier. 

Nexo Card

The Nexo Card is among the first-ever dual-mode crypto cards that can be switched from debit mode to credit mode with a single tap. It comes as a physical card or a virtual one, and you can activate it immediately.

With this card, you can make purchases at over 100M merchants around the world. Similar to the Credit Line, there’s no minimum monthly repayment in credit mode, and there’s no monthly, annual, or inactivity fees.

Both the card and the Credit Line aren’t available in the US; however, there are plans to launch later in 2025, pending regulatory approval. 

Is Nexo Trading Platform Safe to Use?

Safety is arguably the most important aspect of any trading platform. Nexo is aware of this and has made a great effort to ensure user funds are safe.

As a regulated CeFi platform, Nexo has strong security measures in place, which is why it has experienced no hacks since its founding in 2018. 

Furthermore, it has secured operating licenses in 150 jurisdictions, including authorization in the UK by the FCA, ASIC registration in Australia, and FinCEN MSB in the US. These regulations ensure Nexo adheres to global AML/CTF standards.

Nexo has also partnered with top custodial service providers like Ledger Vault and Fireblocks to increase its security with institutional-grade asset storage and multi-party computation (MPC). Furthermore, Nexo encrypts all your data, like credit information and personal details required for KYC, by SSL technology. 

Other security measures include: 

• 2FA – Verification through email, SMS, or authenticator apps.
• Biometric ID – Verification through fingerprint scan or facial recognition.
• Whitelisting – Allows you to save wallet addresses to avoid manual input errors. 
• SOC 2 certification – A security audit conducted by A-LIGN that guarantees Nexo’s security infrastructure adheres to the gold standard.

Is Nexo Easy to Use?

Crypto trading is inherently complex, and the last thing you want is an overly complicated platform. Nexo aims to make things as smooth as possible. 

It seamlessly integrates its wallet, exchange, borrowing, and earning features into a single app with simple tap navigation and tooltips for explanations of complex terms like ‘LTV’ and ‘APYF’.

Its guide helps beginners set up an account in under 10 minutes, while in-app tutorials show you how to perform actions like buying crypto with fiat without leaving the app. We also found its interface very straightforward to navigate, which is supported by many users praising Nexo’s minimalist design.

Other than in-app tutorials, Nexo has a dedicated Help Center with tips on everything it has to offer, from getting started to its Credit Line, savings accounts, and more. 

However, advanced tools like stop-loss and take-profit orders may have a steeper learning curve. Additionally, features like futures trading and Dual Investment require you to understand margins, funding rates, and price prediction strategies, adding a level of complexity that beginners might find challenging.

How Does Nexo Compare to Other Crypto Trading Platforms?

Nexo is among the best crypto platforms around; however, it’s not the only one. Below is a table comparing the competition. Let’s take a deeper look.

Nexo’s Reputation – What Are People Saying?

Nexo’s reputation is pretty good. It has a 4.5/5 rating on Trustpilot, with over 16K individual reviews, 85% of which have 5 stars. This certainly matches our experience with it.

Many users praise Nexo’s customer support, saying it’s fast and professional with a nice personal touch. Each response you get feels like the team cares about your feedback and takes on any suggestions, saying it ‘helps shape the future of Nexo.’ This is very appreciated.

Users are also happy with how Nexo deals with potential security threats. This goes a long way to building trust with its userbase, helping Nexo grow into one of the best crypto platforms around.

That said, some users aren’t happy with the fees that you need to pay. Nexo’s spreads are somewhat higher compared to other trading platforms like Binance. However, its loyalty tiers reduce these fees quite a bit, so if you do use Nexo, try to get onto their loyalty program for lower fees.

How to Use Nexo Crypto App – A Step-By-Step Guide

The Nexo platform is available on the web or through its mobile-friendly app, which runs on iOS and Android, and HarmonyOS devices. If you’re a beginner in this space, you’ll be relieved to know that getting started with Nexo is as easy as downloading any other app. Here’s how. 

1. Download and Install Nexo

Navigate to the official Nexo website. You’ll have the choice of either signing up on your PC or clicking the icon next to Sign Up to reveal a QR code that you can scan with your mobile device to download the mobile app.

Once it’s downloaded, open the app. You’ll get a pop-up message asking if you’d like to receive notifications from the app. Enable this to stay in the loop regarding your account, or simply skip this step.

2. Create an Account

Tap on Sign Up at the bottom right corner of your screen. Then, enter your email address and create a strong password.

Once ready, you’ll receive an email asking you to click the provided link. This is to verify your email address. This step typically takes less than two minutes to complete.

3. Complete KYC verification

With a basic account set up, the next step is to complete the KYC process. For those who don’t know, KYC is a mandatory step to prevent fraud and increase security, as well as to access all the features Nexo has to offer. The process takes 5-10 minutes and only requires you to upload a government-issued ID (passport or driver’s license) and a selfie.

4. Set up Additional Security

This step is not mandatory but is highly recommended. With the KYC process complete, we advise you to enable 2FA through an authenticator app like Google Authenticator or Twilio Authy. 

Alternatively, you can have an SMS sent to your device. Tap on Security > Two Factor Authentication > Enable.

This will reveal a code. Copy it and tap on Next. The app will ask you to enter that code into your authenticator app, which will complete the 2FA setup process.

5. Make a Deposit

Now you’re ready to make your first deposit and start trading on Nexo. Tap on Wallet and choose Deposit. Nexo supports over 100 crypto assets, including $BTC, $ETH, and $USDT. Choose which crypto you’d like to deposit, or use fiat to buy crypto.

For crypto deposits, copy your Nexo wallet address and send your crypto to it. These deposits can take up to 30 minutes, depending on network traffic. 

Fiat deposits are free for amounts over 100 units, while smaller fiat deposits incur a fee of 25 units. By units, we mean the different fiat currencies you might use to make a deposit.

Nexo App Review – Final Thoughts

There you have it, a comprehensive review of the Nexo crypto platform. It’s clearly a unique player in the world of crypto with its Credit Line, 16% APY on your savings, and its dual-purpose credit/debit card.

Licensing in more than 150 jurisdictions makes it vastly accessible around the world, while its broad range of assets allows you to build and maintain a truly diversified portfolio.

That said, while Nexo’s KYC process ensures regulatory compliance, it might push more privacy-focused traders away. 

Overall, Nexo is a comprehensive crypto wealth platform that makes it easy to manage and grow your portfolio in a single place. However, remember to DYOR. 

FAQs

1. Can I use Nexo in the US?

Nexo is available in the US with limited functionality. US users can only trade and use the wallet. However, the Nexo team plans to expand its services in Q4 of 2025. Unfortunately, users in New York, Alaska, and Vermont will still have limited access due to regulatory restrictions.

2. Is Nexo legit?

Nexo holds licenses in over 150 jurisdictions around the world and is compliant with MiCA. It has also received state-level approvals in the US. All of this ensures Nexo is legitimate and secure to use.

3. Does Nexo have KYC?

Yes, Nexo is a CeFi platform that requires you to go through the KYC process before you can use it. This is to ensure AML/CTF compliance in the 150+ jurisdictions it’s available in. It involves uploading your ID and a selfie and takes around 5 minutes to complete. 

4. What crypto does Nexo support?

Nexo supports more than 100 cryptocurrencies, including $BTC, $RTH, $SOL, and $XRP. Supported stablecoins include $USDT, $USDC, $BUSD, and $DAI. It also has support for major meme coins like $DOGE, $SHIB, $TON, and $PEPE.