What it is, how it works, features and costs: Nexo’s integration between fiat currencies and crypto

In this article, we will take a closer look at the Nexo crypto platform: what it is, how it works, features, costs, interest, reviews and more. 

Remember that through Nexo it is possible to convert FIAT currencies into cryptocurrencies, similar to an exchange, but with access to innovative tools that integrate traditional finance and the world of cryptocurrencies. 

See all the details below. 

Users’ verdict on Nexo’s innovative crypto platform: all the details 

The Nexo crypto fintech platform combines DeFi and CeFi, combining traditional banking tools with new financial products such as cryptocurrencies. 

One of Nexo’s main focuses is investing in cryptocurrencies and using the tokens for loans, returns and payments. 

This multi-service platform combines traditional finance with innovation in the world of cryptocurrencies and DeFi systems. In addition to buying and selling cryptocurrencies, it offers deposit account-like functionality with passive returns and lending capabilities.

In addition, the Nexo Card is an innovative MasterCard crypto solution that distinguishes Nexo as an alternative to traditional exchanges due to its variety of services, convenient costs and security.

Nexo’s goal is to make it possible to invest in cryptos through the exchange and use them to generate returns or finance goals through loans.

Founded in 2018 by Antoni Trenchev and now based in London, Nexo boasts over 6 million users and moves over 130 billion financial assets per year.

Nexo’s key features include the exchange between FIAT and cryptocurrencies, passive returns on deposits, the use of cryptos to obtain liquidity and tools for online or in-store payments using the Nexo card.

Nexo: the versatile ecosystem for everyday cryptocurrency use

In other words, Nexo’s vision is to facilitate the everyday use of cryptocurrencies: keeping costs and interest rates low is crucial.

Of course, there is no cost to register or activate on the platform. In fact, the various services can be activated at no extra cost. 

The Nexo Card application is also free of charge and there are no fees for the use or conversion of crypto into FIAT currency. Interest rates vary according to the loyalty plan, ranging from 15.9% to 0%.

Topping up is easy and free, while withdrawals with the Nexo Card are free up to €20,000 per month. Nexo aims to revolutionise the financial system by combining cryptocurrencies with traditional banking services such as cash withdrawals, loans and payment cards.

By registering with Nexo, you gain access to an ecosystem that combines the CeFi world with the DeFi world, enabling the safe and easy use of digital currencies in everyday life.

The key points of Nexo are the exchange of cryptocurrencies, crypto income, the loyalty programme, loans, the Nexo Card and the use of the Nexo Wallet based on advanced technology and smart contracts to access services.

In summary, Nexo creates a bridge between digital and real finance, offering a wide range of services for the practical and secure use of cryptocurrencies.

Diversifying and optimising crypto operations at Nexo

Nexo also offers several cryptocurrency trading solutions suitable for any type of investor. These include buying cryptocurrencies, crypto exchanges and trading with Nex Pro. 

In addition, it is possible to convert FIAT currencies into over sixty cryptocurrencies using various tools to fund the account. These include Visa and MasterCard cards: either credit, debit or prepaid with instant wallet credit.

Apple Pay and Google Pay: real time wallet funding; bank transfers: standard SEPA or instant; GBP and USD transfers: FPS service for sterling or dollar transfers; Crypto systems: top-up from other crypto digital wallets.

Not only does Nexo allow you to buy and sell cryptocurrencies at an affordable price, but you can also earn cash back from as little as 0.5% per reload.

In addition, you can easily exchange one cryptocurrency for another through an intuitive interface: select the currencies you own and those you want, and get the exchange value in real time with costs.

Nexo guarantees fast transactions thanks to an intelligent routing system that connects the Nexo blockchain to the main liquidity providers.