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Home Platforms Beefy Finance vs Nexo

Compare Beefy Finance vs Nexo

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Pros & Cons
tick $180,097,368 USD currently invested (TVL)
tick Investments in 284 coin pairs available
tick Supports 12 protocols including Fuse Sparknet, Arbitrum and Optimism
tick Beefy Finance is decentralised, but Nexo is not
tick Peer to peer exchange available on Beefy Finance but not on Nexo
tick Know your customer checks are required on Beefy Finance but not on Nexo
tick Very simple & easy to use
tick No hidden fees
tick Interest paid daily
tick Earn higher savings rates by being paid interest in Nexo tokens
tick Earn further daily interest on accumulated Nexo tokens
tick Further interest rate enhancements for fixed terms of 1 to 12 months
tick Instant access accounts available for all currencies
tick No minimum monthly repayment amount on loans
tick Funds immediately start earning interest as soon as they are deposited
tick Proof of reserves verified by independent accountant
tick Advanced products available for high value investors
tick Nexo Pro provides an advanced exchange with prices aggregated from multiple third party exchanges
tick Higher average review rating than Beefy Finance (78% vs 58%)
tick More reviews than Beefy Finance (1,248 vs 8 reviews)
tick Been in business longer than Beefy Finance (Founded 2018 vs 2021)
tick Offers loans but Beefy Finance doesn't
tick Margin trading available on Nexo but not on Beefy Finance
tick Instantly buy crypto with fiat on Nexo but not on Beefy Finance
tick Integrated crypto wallet available on Nexo but not on Beefy Finance
tick Futures exchange available on Nexo but not on Beefy Finance
tick Nexo uses cold storage crypto wallets but Beefy Finance does not
tick Nexo uses two factor authentication but Beefy Finance does not
tick Interface supports French, Korean, Japanese, Turkish, Portuguese-Portuguese, Spanish and Russian whereas Beefy Finance doesn't
Staking Rates
tick Beefy Finance will pay interest on 11 fiat currency deposits not offered by Nexo:
ARBUSDCE (ARBUSDCE)
AURABAL (AURABAL)
BEQI (BEQI)
CVXFPIS (CVXFPIS)
LZUSDC-LZUSDT (LZUSDC-LZUSDT)
MUSDC-MUSDT (MUSDC-MUSDT)
MUSDT-MUSDC (MUSDT-MUSDC)
OMULTIWUSDR-OPUSDCE (OMULTIWUSDR-OPUSDCE)
OPUSDCE (OPUSDCE)
VELOV2-OPUSDCE (VELOV2-OPUSDCE)
WETHE (WETHE)
More ...
tick Beefy Finance will pay interest on 5 stable coin deposits not offered by Nexo:
Angle Protocol (AGEUR-ARBUSDCE)
Alchemix USD (ALUSD-OPUSDCE)
DOLA (DOLA-OPUSDCE)
Frax (FRAX-OPUSDCE)
Brazilian Digital Token (JBRL-BRZ)
More ...
2 more stakings rates pros ...
Staking Rates
tick Nexo will pay interest on 3 fiat currency deposits not offered by Beefy Finance:
Euros (EUR)
Pounds Sterling (GBP)
US Dollars (USD)
More ...
tick Nexo has a higher base earnings rate for 4 stable coins:
BUSD (BUSD) (8%% vs 1.38899%)
Dai (DAI) (8%% vs 0.44773%)
Tether USDt (OPUSDCE-USDT) (9%% vs 4.24079%)
USDC (USDC) (8%% vs 2.60635%)
More ...
4 more stakings rates pros ...
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
cross As of Dec 2022 not available to customers in the US
cross Lack of transparency about where company is located
cross Slow customer service with no phone option
cross You no longer control access to any crypto with your own private wallet key
Go To Platform
Go To Platform

Reviews
58% based on 8 reviews
78% based on 1,248 reviews
User Reviews
Overall User Rating
58%
8 reviews
58%
8 reviews
User Reviews
Overall User Rating
78%
1,238 reviews
82%
36 reviews
94%
4 reviews
94%
98 reviews
76%
1,100 reviews
Expert Reviews
Overall Expert Rating
Show All Expert Reviews
Expert Reviews
Overall Expert Rating
84%
10 reviews
92%
90%
100%
40%
88%
94%
85%
86%
80%
84%
Show All Expert Reviews
Go To Platform
Go To Platform

Staking Rates
The table below compares the staking rates for Beefy Finance and Nexo.
Fiat Currencies
ARBUSDCE ARBUSDCE
6.23%
6.23%
AURABAL AURABAL
19.8%
19.8%
BEQI BEQI
7.4%
7.4%
CVXFPIS CVXFPIS
84.8%
84.8%
LZUSDC-LZUSDT LZUSDC-LZUSDT
7.29%
7.29%
MUSDC-MUSDT MUSDC-MUSDT
6.42%
6.42%
MUSDT-MUSDC MUSDT-MUSDC
0.33%
0.33%
OMULTIWUSDR-OPUSDCE OMULTIWUSDR-OPUSDCE
5.82%
5.82%
OPUSDCE OPUSDCE
3.28%
3.28%
VELOV2-OPUSDCE VELOV2-OPUSDCE
56.7%
56.7%
WETHE WETHE
0.49%
0.49%
Stable Coins
AGEUR-ARBUSDCE Angle Protocol
8.38%
8.38%
ALUSD-OPUSDCE Alchemix USD
4.74%
4.74%
BUSD BUSD
1.38%
1.38%
DAI Dai
0.44%
0.44%
DOLA-OPUSDCE DOLA
7.45%
7.45%
FRAX-OPUSDCE Frax
2.78%
2.78%
27%
27%
OPUSDCE-USDT Tether USDt
4.24%
4.24%
USDC USDC
2.6% - 4.05%
2.6% - 4.05%
Crypto Currencies
ADA-BNB ADA-BNB
6.49%
6.49%
AGEUR-OP AGEUR-OP
30.1%
30.1%
AGEUR-USDC AGEUR-USDC
3.9%
3.9%
ALETH-ETH Ethereum
2.05%
2.05%
5.67%
5.67%
ALUSD-FRAX ALUSD-FRAX
6.14%
6.14%
ALUSD-MAI ALUSD-MAI
22.4%
22.4%
ANKRBNB-BNB ANKRBNB-BNB
7.51%
7.51%
ANKRETH-ETH ANKRETH-ETH
7.14%
7.14%
APE ApeCoin
21.4%
21.4%
ARB-ARBUSDCE ARB Protocol
2.84%
2.84%
ARB-ETH ARB-ETH
3.21%
3.21%
ATOM-CRO ATOM-CRO
6.62%
6.62%
AURABAL-BAL-WETH-80-20 AURABAL-BAL-WETH-80-20
5.5%
5.5%
AURABAL-WSTETH Lido wstETH
5.13%
5.13%
AVAX-USDC AVAX-USDC
15.9%
15.9%
AVAX-USDCE-USDC-WBTCE-BTCB-USDTE-WETHE AVAX-USDCE-USDC-WBTCE-BTCB-USDTE-WETHE
4.89%
4.89%
AXLUSDC-FTM AXLUSDC-FTM
26.7%
26.7%
AXLUSDC-USDC AXLUSDC-USDC
6.12%
6.12%
6.66%
6.66%
BEFTM-FTM BEFTM-FTM
1.88%
1.88%
BIFI BiFi
0.19% - 15%
0.19% - 15%
BNB BNB
0.04%
0.04%
BNB-STKBNB BNB-STKBNB
2.12%
2.12%
BNBX-BNB BNBX-BNB
<&nbsp;0.01%
<&nbsp;0.01%
BNBX-BTCB BNBX-BTCB
3.81%
3.81%
BOO-FTM BOO-FTM
14.5%
14.5%
BSW-BNB BSW-BNB
20%
20%
0.22%
0.22%
BTCB-AVAX BTCB-AVAX
1.21%
1.21%
BTCB-BNB BTCB-BNB
3.16%
3.16%
BTCB-ETH BTCB-ETH
0.32%
0.32%
BTCB-USDT BTCB-USDT
1.41%
1.41%
BUSD-BNB BUSD-BNB
1.85%
1.85%
BUSD-FUSE BUSD-FUSE
36.3%
36.3%
CAKE-BNB CAKE-BNB
3.43%
3.43%
CAKE-BUSD CAKE-BUSD
3.65%
3.65%
CAKE-USDT CAKE-USDT
3.08%
3.08%
CASH-USDC CASH-USDC
6.7%
6.7%
CBETH-ETH CBETH-ETH
4.89%
4.89%
CBETH-WSTETH-RETH CBETH-WSTETH-RETH
7.22%
7.22%
CRO-ETH CRO-ETH
5.05%
5.05%
CRO-USDC CRO-USDC
6.52%
6.52%
CRO-USDT CRO-USDT
5.23%
5.23%
CRO-WBTC CRO-WBTC
3.65%
3.65%
CRV-DAI-USDC-USDT-WBTC-ETH CRV-DAI-USDC-USDT-WBTC-ETH
15.9%
15.9%
CVX-ETH CVX-ETH
15.4%
15.4%
CVXCRV Convex CRV
16.6%
16.6%
CVXFXS Convex FXS
9.93%
9.93%
DAI-BUSD DAI-BUSD
4.32%
4.32%
DAI-ETH DAI-ETH
1.22%
1.22%
DAI-USDC-USDT DAI-USDC-USDT
4.95%
4.95%
DAI-USDC-USDT-WBTC-ETH DAI-USDC-USDT-WBTC-ETH
2.02%
2.02%
DAIE-USDCE-USDTE-WBTCE-WETHE DAIE-USDCE-USDTE-WBTCE-WETHE
1.44%
1.44%
DOGE-BNB DOGE-BNB
1.06%
1.06%
DOGE-CRO DOGE-CRO
3.45%
3.45%
DOLA-FRAX DOLA-FRAX
<&nbsp;0.01% - 17.4%
<&nbsp;0.01% - 17.4%
DOLA-FRAX-USDC DOLA-FRAX-USDC
11.3%
11.3%
DOLA-MAI DOLA-MAI
34.6%
34.6%
DOLA-USDC DOLA-USDC
10.1%
10.1%
ETH-BNB ETH-BNB
2.53%
2.53%
ETH-MOVR ETH-MOVR
10.8%
10.8%
ETH-OP ETH-OP
0.82%
0.82%
ETH-RETH ETH-RETH
0.32% - 10.1%
0.32% - 10.1%
ETH-USDC ETH-USDC
1.17% - 41.1%
1.17% - 41.1%
ETH-USDT ETH-USDT
1.39% - 2.31%
1.39% - 2.31%
EURT-DAI-USDC-USDT EURT-DAI-USDC-USDT
0.16%
0.16%
EXA-WETH EXA-WETH
758%
758%
FRAX-MAI FRAX-MAI
14.5%
14.5%
FRAX-USDT FRAX-USDT
6.46%
6.46%
FRXETH-ETH FRXETH-ETH
1.83% - 7.63%
1.83% - 7.63%
FRXETH-MATIC FRXETH-MATIC
42.2%
42.2%
GEAR-ETH GEAR-ETH
0.15%
0.15%
GHO-LUSD GHO-LUSD
7.56%
7.56%
GMX GMX
2.94%
2.94%
3.69% - 4.48%
3.69% - 4.48%
HAY-BUSD HAY-BUSD
9.07%
9.07%
HAY-USD+ HAY-USD+
13.3%
13.3%
HERMES-METIS HERMES-METIS
101%
101%
HND-OPUSDCE Hundred Finance
1.17%
1.17%
IDIA-BUSD IDIA-BUSD
119%
119%
JEUR-AGEUR JEUR-AGEUR
3.14%
3.14%
JEUR-PAR JEUR-PAR
5.54%
5.54%
JOE JOE
0.38%
0.38%
JOE-AVAX JOE-AVAX
2.97%
2.97%
KWENTA-ETH KWENTA-ETH
41.5%
41.5%
LDO-ETH LDO-ETH
11.3%
11.3%
LDO-WETH LDO-WETH
8.08%
8.08%
LINKE-AVAX Avalanche
0.14%
0.14%
LUSD-DAI LUSD-DAI
2.75%
2.75%
LUSD-ETH LUSD-ETH
5.53%
5.53%
LUSD-OPUSDCE ℓUSD
0.41%
0.41%
LUSD-USDT LUSD-USDT
5.42%
5.42%
LYRA-OPUSDCE Lyra
2.17%
2.17%
LZUSDC-FTM Fitmin Finance
19.4%
19.4%
MAGIC-ETH MAGIC-ETH
23.5%
23.5%
MAI-DAIE-USDCE-USDTE MAI-DAIE-USDCE-USDTE
3.86%
3.86%
MAI-LUSD MAI-LUSD
22.3%
22.3%
MAI-OPUSDCE Multi AI
28.3%
28.3%
MAI-USDC MAI-USDC
4.39%
4.39%
MAIA-MUSDC Maia
68.9%
68.9%
MATIC-DAI-USDC-USDT-WBTC-ETH MATIC-DAI-USDC-USDT-WBTC-ETH
9.15%
9.15%
MATIC-ETH MATIC-ETH
6.4%
6.4%
MATIC-STMATIC-ETH-WBTC-LINK-UNI-AAVE-USDC-USDT-DAI MATIC-STMATIC-ETH-WBTC-LINK-UNI-AAVE-USDC-USDT-DAI
19.3%
19.3%
MATIC-USDC MATIC-USDC
1.22%
1.22%
MATIC-USDR MATIC-USDR
38.3%
38.3%
MATICX-MATIC MATICX-MATIC
4.2%
4.2%
METIS-MUSDC Metis
3.85%
3.85%
MIM-ARBUSDCE-USDT MIM-ARBUSDCE-USDT
9.41%
9.41%
MIM-DAI-OPUSDCE-USDT MIM-DAI-OPUSDCE-USDT
9.41%
9.41%
MIM-DAI-USDC-USDT MIM-DAI-USDC-USDT
4.48%
4.48%
MIM-FTM MIM-FTM
2.61%
2.61%
MIM-OPUSDCE Mint Marble
0.85%
0.85%
MOVR-USDC MOVR-USDC
4.31%
4.31%
MTA-OPUSDCE MetaAxis
22.2%
22.2%
MULTI-BNB MULTI-BNB
22%
22%
NFTY NFTY Token
15.2%
15.2%
40.3%
40.3%
OP-FRXETH OP-FRXETH
27.2%
27.2%
OPUSDCE-WUSDR Wrapped USDR
25.3%
25.3%
PERP-OPUSDCE Perpetual Protocol
0.17%
0.17%
R-DAI R-DAI
11.2%
11.2%
SBTC-WBTC SBTC-WBTC
0.2% - 1.62%
0.2% - 1.62%
SD-BNBX SD-BNBX
15.7%
15.7%
SETH-ETH SETH-ETH
0.48%
0.48%
SFRXETH-FRXETH SFRXETH-FRXETH
3.83%
3.83%
SFTMX-FTM SFTMX-FTM
0.8%
0.8%
SHIB-CRO SHIB-CRO
3.69%
3.69%
SNX SincroniX
3.5%
3.5%
SONNE-OPUSDCE Sonne Finance
10.4%
10.4%
SPELL-FTM SPELL-FTM
4.33%
4.33%
STG-OPUSDCE Stargate Finance
7.66%
7.66%
STMATIC-MATIC STMATIC-MATIC
4.14%
4.14%
8.56%
8.56%
SUSD-DAI-OPUSDCE-USDT SUSD-DAI-OPUSDCE-USDT
3.75%
3.75%
SUSD-LUSD SUSD-LUSD
5.82%
5.82%
TBTC-ETH TBTC-ETH
6.21%
6.21%
TBTC-SBTC-WBTC TBTC-SBTC-WBTC
0.08%
0.08%
TBTC-WBTC TBTC-WBTC
3.79% - 5.52%
3.79% - 5.52%
TEL-AAVE TEL-AAVE
33.7%
33.7%
THALES-ETH THALES-ETH
97.5%
97.5%
THALES-OPUSDCE Thales
114%
114%
TUSD-DAI-USDC-USDT TUSD-DAI-USDC-USDT
0.23%
0.23%
TWT-BNB TWT-BNB
3.29%
3.29%
UNI-BNB UNI-BNB
5.12%
5.12%
UNIDX-ETH UNIDX-ETH
83.2%
83.2%
USD+-DAI+ USD+-DAI+
1.08%
1.08%
USD+-DOLA USD+-DOLA
13.1%
13.1%
USD+-FRAX USD+-FRAX
9.51%
9.51%
USD+-LUSD USD+-LUSD
0.45%
0.45%
USD+-OPUSDCE USD+
9.02%
9.02%
USDC-BNB USDC-BNB
5.21%
5.21%
USDC-BUSD USDC-BUSD
0.28%
0.28%
USDC-DAI USDC-DAI
3.27%
3.27%
USDC-USDCE USDC-USDCE
0.29%
0.29%
USDC-USDR USDC-USDR
24.4%
24.4%
USDC-USDT USDC-USDT
3.21% - 3.8%
3.21% - 3.8%
USDC-WBTC-ETH USDC-WBTC-ETH
6.84%
6.84%
USDC-WUSDR USDC-WUSDR
27.7%
27.7%
USDCE-AVAX USDCE-AVAX
17.8%
17.8%
USDD-DAI-USDC-USDT USDD-DAI-USDC-USDT
7.13%
7.13%
USDR-DAI USDR-DAI
25.9%
25.9%
USDR-ETH USDR-ETH
35.4%
35.4%
USDR-TNGBL USDR-TNGBL
59.7%
59.7%
USDR-USDT USDR-USDT
25.2%
25.2%
USDT-AVAX USDT-AVAX
14.2%
14.2%
USDT-BNB USDT-BNB
5.86%
5.86%
USDT-BUSD USDT-BUSD
2.81%
2.81%
USDT-BUSD-USDC-DAI USDT-BUSD-USDC-DAI
2.05%
2.05%
USDT-WBTC-ETH USDT-WBTC-ETH
3.88%
3.88%
VELO-ETH VELO-ETH
0.51%
0.51%
VELO-OP VELO-OP
2.37%
2.37%
VELO-OPUSDCE Velodrome Finance
4.61%
4.61%
VERSE-ETH VERSE-ETH
9.19%
9.19%
VVS-CRO VVS-CRO
21.6%
21.6%
VVS-USDC VVS-USDC
6.09%
6.09%
VVS-USDT VVS-USDT
3.93%
3.93%
WBETH-ETH WBETH-ETH
11.2%
11.2%
WBTC-ETH WBTC-ETH
0.51% - 12.6%
0.51% - 12.6%
WBTC-USDC WBTC-USDC
21.8%
21.8%
WBTC-USDR WBTC-USDR
31.2%
31.2%
WBTC-WETH WBTC-WETH
6.35%
6.35%
WBTC-WETH-OPUSDCE-USDT-DAI-OP-LINK-SNX WBTC-WETH-OPUSDCE-USDT-DAI-OP-LINK-SNX
13.7%
13.7%
4.42%
4.42%
WELL-GLMR WELL-GLMR
37%
37%
WETH-ARBUSDCE WETH
6.36%
6.36%
WETH-FUSE WETH-FUSE
21.8%
21.8%
WETH-METIS WETH-METIS
0.67%
0.67%
WETH-WBTC-LINK-UNI-ARBUSDCE-USDT-DAI-FRAX WETH-WBTC-LINK-UNI-ARBUSDCE-USDT-DAI-FRAX
4.76%
4.76%
WETH-WBTC-OPUSDCE-USDT-DAI-OP WETH-WBTC-OPUSDCE-USDT-DAI-OP
1.06%
1.06%
WFUSE Wrapped Fuse
14.7%
14.7%
WIGO-FTM WIGO-FTM
27.5%
27.5%
WSTETH-ANKRETH WSTETH-ANKRETH
8.83%
8.83%
WSTETH-ETH WSTETH-ETH
0.19% - 2.16%
0.19% - 2.16%
WSTETH-LDO WSTETH-LDO
6.82%
6.82%
WSTETH-OP WSTETH-OP
0.26%
0.26%
WSTETH-PENDLE WSTETH-PENDLE
21.9%
21.9%
WSTETH-RETH-SFRXETH WSTETH-RETH-SFRXETH
7%
7%
WUSDR-USDR WUSDR-USDR
28.3%
28.3%
XCKSM-MOVR Moonriver
44.9%
44.9%
XRP-BNB XRP-BNB
5.01%
5.01%
Loading rates ...
Fiat Currencies
EUR Euros
5% - 15%
5% - 15%
GBP Pounds Sterling
5% - 15%
5% - 15%
USD US Dollars
5% - 15%
5% - 15%
Stable Coins
BUSD BUSD
8% - 14%
8% - 14%
DAI Dai
8% - 14%
8% - 14%
OPUSDCE-USDT Tether USDt
9% - 16%
9% - 16%
TUSD TrueUSD
8% - 14%
8% - 14%
USDC USDC
8% - 14%
8% - 14%
USDP Pax Dollar
8% - 14%
8% - 14%
Crypto Currencies
AAVE Aave
0.25% - 4%
0.25% - 4%
ADA Cardano
4% - 8%
4% - 8%
ALETH-ETH Ethereum
4% - 8%
4% - 8%
APE ApeCoin
4% - 9%
4% - 9%
ATOM Cosmos
6% - 11%
6% - 11%
16% - 30%
16% - 30%
4% - 8%
4% - 8%
BNB BNB
4% - 8%
4% - 8%
BTC Bitcoin
3% - 7%
3% - 7%
DOGE Dogecoin
<&nbsp;0.01% - 3%
<&nbsp;0.01% - 3%
DOT Polkadot
10% - 15%
10% - 15%
EOS EOS
4% - 8%
4% - 8%
FTM Fantom
2% - 7%
2% - 7%
KSM Kusama
7% - 12%
7% - 12%
LINK Chainlink
3% - 7%
3% - 7%
LINKE-AVAX Avalanche
7% - 12%
7% - 12%
LTC Litecoin
4% - 8%
4% - 8%
MATIC Polygon
1% - 7%
1% - 7%
5% - 10%
5% - 10%
NEXO Nexo
4% - 12%
4% - 12%
PAXG PAX Gold
3% - 7%
3% - 7%
SOL Solana
4% - 8%
4% - 8%
TRX TRON
4% - 8%
4% - 8%
XLM Stellar
4% - 8%
4% - 8%
XRP XRP
4% - 12%
4% - 12%
Loading rates ...
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Company
Automatic market maker
tick Yes
Automatic market maker
Legal name
Legal name
Nexo Services OÜ
Year founded
2021
Year founded
2018
Country incorporated in
Country incorporated in
77
Headquarters country
Headquarters country
42
Platform token
Beefy
Platform token
Nexo
Decentralised
tick Yes
Decentralised
cross No
Number of employees
Number of employees
101-250
Number of users
Number of users
100,000,000
Total assets under management
Total assets under management
$5,000,000,000USD
Non-custodial
tick Yes
Non-custodial
Go To Platform
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Products
Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
cross No
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
Pro exchange marketplace
tick Yes
Peer to peer exchange
tick Yes
Peer to peer exchange
cross No
Margin trading
cross No
Margin trading
tick Yes
Corporate accounts
Corporate accounts
tick Yes
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
cross No
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
Crypto withdrawals to private wallet
tick Yes
Fast account verification
Fast account verification
tick Yes
Futures exchange
cross No
Futures exchange
tick Yes
Go To Platform
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Security
Insurance level
Insurance level
$775,000,000USD
Cold storage
cross No
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
BitGo, LedgerVault
Crypto security standard
Crypto security standard
Level 3
Two factor authentication
cross No
Two factor authentication
tick Yes
Loan over collateralisation percent
Loan over collateralisation percent
200%+
Credit check
cross No
Credit check
cross No
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Support
24/7 support
24/7 support
tick Yes
Email support
Email support
tick Yes
Phone support
Phone support
cross No
Chat support
Chat support
cross No
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Fees
Exchange fees
Exchange fees
0% exchange fee
Fiat deposit fee
Fiat deposit fee
tick Free
Fiat withdrawal fee
Fiat withdrawal fee
tick Free
Crypto deposit fee
Crypto deposit fee
tick Free
Withdrawal process
Withdrawal process
Nexo does not use separate current (chequeing) and savings accounts. All deposits are automatically held in savings accounts and start earning interest immediately. This means that when you need to make a withdrawl there is no need to first move the funds out of the savings account and in to the current account. Withdrawls are processed automatically so the time from you initiating the withdrawl on Nexo to the time the withdrawl action is requested on the blockchain is normally just a minute or so. The time for the withdrawl to be confirmed on the blockchain depends on the specific cryptocurrency. There is a withdrawl limit of $500,000 per day. Your first couple of withdrawls every month attract no fees. This means Nexo is effectively paying the network fee for you. The number of free withdrawls depends on your loyalty level. In our tests, withdrawls from Nexo have been consistently fast and effortless. Nexo has never frozen withdrawls on any of its currencies.
Crypto withdrawal fee
Crypto withdrawal fee
Withdrawl fees vary by loyalty level:
Base level - 1 free crypto withdrawl per month
Silver - 3 free crypto withdrawls per month
Gold - 5 free crypto withdrawls per month
Platinum - 15 free crypto withdrawls per month
Savings crypto account withdrawal limit
Savings crypto account withdrawal limit
$500,000 per day
Loan crypto account withdrawal limit
Loan crypto account withdrawal limit
$2,000,000 per day
Savings fiat account withdrawal limit
Savings fiat account withdrawal limit
$100,000 per day
Loan fiat account withdrawal limit
Loan fiat account withdrawal limit
$2,000,000 per day
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Investment Strategy
Liquidity pools
Liquidity pools
cross No
DeFi products
DeFi products
cross No
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
Independent proof of reserves
tick Yes
Proof of reserves
Proof of reserves
Nexo has contracted with Armanino, a top 20 Us accounting firm, to independently audit Nexo's assets and customer liabilities and to verify that the assets exceed customer liabilities. This verification can be checked live on Armanino's website.
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Registrations & Regulation
Know your customer
cross No
Know your customer
tick Yes
Regulators
Regulators
Regulated in Estonia, Switzerland and the Cayman Islands
Financial Crimes Enforcement Network
Financial Crimes Enforcement Network
tick Yes
ISO 27001 Information Security Management
ISO 27001 Information Security Management
tick Yes
System and Organization Controls (SOC2) Type 1
System and Organization Controls (SOC2) Type 1
tick Yes
System and Organization Controls (SOC2) Type 2
System and Organization Controls (SOC2) Type 2
tick Yes
CryptoCurrency Security Standard (CCSS) Level 3
CryptoCurrency Security Standard (CCSS) Level 3
tick Yes
Kansas - Office of the State Bank Commissioner - Supervised Loan License
Kansas - Office of the State Bank Commissioner - Supervised Loan License
tick Yes
New Hampshire - Banking Department - Money Transmitter License
New Hampshire - Banking Department - Money Transmitter License
tick Yes
Oregon - Division of Financial Regulation - Money Transmitter License
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Arizona - Department of Insurance and Financial Institutions Consumer Lender License
Arizona - Department of Insurance and Financial Institutions Consumer Lender License
tick Yes
California - Department of Financial Protection and Innovation - Financial Lender License
California - Department of Financial Protection and Innovation - Financial Lender License
tick Yes
District of Columbia - Department of Insurance, Securities and Banking - Money Lender License
District of Columbia - Department of Insurance, Securities and Banking - Money Lender License
tick Yes
Idaho - Department of Finance - Regulated Lender License
Idaho - Department of Finance - Regulated Lender License
tick Yes
Illinois - Department of Financial and Professional Regulation - Consumer Instalment Loan License
Illinois - Department of Financial and Professional Regulation - Consumer Instalment Loan License
tick Yes
Minnesota - Department of Commerce - Regulated Loan Company License
Minnesota - Department of Commerce - Regulated Loan Company License
tick Yes
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Missouri - Division of Finance - Sale of Checks & Money Transmitter License
Missouri - Division of Finance - Sale of Checks & Money Transmitter License
tick Yes
Montana - Division of Banking and Financial Institutions - Consumer Loan License
Montana - Division of Banking and Financial Institutions - Consumer Loan License
tick Yes
New Hampshire - Banking Department - Small Loan Lender License
New Hampshire - Banking Department - Small Loan Lender License
tick Yes
Oregon - Division of Financial Regulation - Consumer Finance License
Oregon - Division of Financial Regulation - Consumer Finance License
tick Yes
Utah - Department of Financial Institutions - Registered Lender
Utah - Department of Financial Institutions - Registered Lender
tick Yes
Wyoming - Department of Audit - Supervised Lender License
Wyoming - Department of Audit - Supervised Lender License
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Swiss Financial Market Supervisory Authority - Affiliate Member of the SRO "So-Fit" Geneva
Swiss Financial Market Supervisory Authority - Affiliate Member of the SRO "So-Fit" Geneva
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Australian Transaction Reports and Analysis Centre - Registration as Reporting Company
Australian Transaction Reports and Analysis Centre - Registration as Reporting Company
tick Yes
Companies Registration - Trust or Company Service Provider License
Companies Registration - Trust or Company Service Provider License
tick Yes
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

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