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Home Platforms Coinbase vs Nexo

Compare Coinbase vs Nexo

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Pros & Cons
tick The largest crypto exchange in the US
tick Simple, easy to understand interface
tick Fully regulated in the US
tick Earn crypto for watching educational videos
tick Higher average review rating than Nexo (94% vs 78%)
tick More reviews than Nexo (1,702,284 vs 1,247 reviews)
tick Higher rating for android phone app than Nexo (4.3 vs 4.1 stars)
tick Been in business longer than Nexo (Founded 2012 vs 2018)
tick Has less assets under management than Nexo
tick Has phone support but Nexo doesn't
tick Has chat support but Nexo doesn't
tick Interface supports Argentinian-Spanish, Polish, Brazilian-Portuguese, Italian, Mexican Spanish, Thai, Chilean Spanish, Peruvian Spanish and Colombian Spanish whereas Nexo doesn't
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 rating on Trustpilot than Coinbase (4.7 vs 1.5 stars)
tick Has fewer users than Coinbase
tick Pro exchange marketplace available on Nexo but not on Coinbase
tick Margin trading available on Nexo but not on Coinbase
tick Futures exchange available on Nexo but not on Coinbase
tick Has email support but Coinbase doesn't
tick Interface supports Korean and Japanese whereas Coinbase doesn't
Staking Rates
tick Coinbase will pay interest on USDD stable coin deposits whereas Nexo does not
tick Coinbase has a higher base earnings rate for 6 crypto currencies:
Aave (AAVE) (6.23%% vs 0.25000%)
Avalanche (AVAX) (7.42%% vs 7.00000%)
Axie Infinity (AXS) (46%% vs 16.00000%)
Polkadot (DOT) (9.77%% vs 10.00000%)
NEAR Protocol (NEAR) (7.24%% vs 5.00000%)
Solana (SOL) (4.35%% vs 4.00000%)
More ...
2 more stakings rates pros ...
Staking Rates
tick Nexo will pay interest on 3 fiat currency deposits not offered by Coinbase:
Euros (EUR)
Pounds Sterling (GBP)
US Dollars (USD)
More ...
tick Nexo has a higher base earnings rate for USDC (8%% vs 4.60000%)
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
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Reviews
94% based on 1,702,284 reviews
78% based on 1,247 reviews
User Reviews
Overall User Rating
94%
1,702,117 reviews
86%
817 reviews
94%
1,700,000 reviews
30%
1 review
80%
71 reviews
63%
140 reviews
100%
1 review
22%
294 reviews
26%
793 reviews
Show All User Reviews
User Reviews
Overall User Rating
78%
1,237 reviews
82%
35 reviews
76%
1,100 reviews
94%
4 reviews
94%
98 reviews
Show All User Reviews
Expert Reviews
Overall Expert Rating
87%
167 reviews
80%
94%
90%
80%
80%
90%
90%
90%
100%
100%
100%
88%
80%
96%
70%
70%
100%
79%
86%
85%
65%
90%
88%
98%
80%
94%
80%
80%
90%
83%
91%
90%
90%
90%
80%
90%
90%
78%
96%
80%
70%
88%
65%
60%
85%
77%
80%
100%
90%
88%
90%
96%
Show All Expert Reviews
Expert Reviews
Overall Expert Rating
84%
10 reviews
90%
88%
86%
80%
84%
100%
94%
85%
92%
40%
Show All Expert Reviews
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Staking Rates
The table below compares the staking rates for Coinbase and Nexo.
Fiat Currencies
Stable Coins
USDC USDC
4.6%
4.6%
USDD USDD
5.02%
5.02%
Crypto Currencies
10.4%
10.4%
AAVE Aave
6.23%
6.23%
ADA Cardano
2%
2%
ALGO Algorand
6.73%
6.73%
API3 API3
2.5%
2.5%
APT Aptos
6.36%
6.36%
ARCH Archway
20.9%
20.9%
ATOM Cosmos
10.3%
10.3%
AUDIO Audius
19.7%
19.7%
AVAX Avalanche
7.42%
7.42%
46%
46%
AZERO Aleph Zero
11.5%
11.5%
11.3%
11.3%
0.57%
0.57%
CANTO CANTO
7.76%
7.76%
4.01%
4.01%
CHEQ cheqd
11.7%
11.7%
CMDX Comdex
34.5%
34.5%
0.97%
0.97%
DASH Dash
5.49%
5.49%
DOT Polkadot
9.77%
9.77%
DSM Desmos
19.8%
19.8%
DVPN Sentinel
20.4%
20.4%
28.3%
28.3%
EROWAN SifChain
74.5%
74.5%
ETH Ethereum
3.28%
3.28%
ETHDYDX dYdX (ethDYDX)
<&nbsp;0.01%
<&nbsp;0.01%
EVMOS Evmos
35%
35%
EXRD e-Radix
8.38%
8.38%
FLOW Flow
8.93%
8.93%
FTM Fantom
1.58%
1.58%
GMX GMX
3.5%
3.5%
GRT The Graph
5.62%
5.62%
IRIS IRISnet
6.9%
6.9%
JUNO JUNO
28.9%
28.9%
KAVA Kava
15.1%
15.1%
<&nbsp;0.01%
<&nbsp;0.01%
KLV Klever
5.93%
5.93%
2.32%
2.32%
KSM Kusama
12.8%
12.8%
MINA Mina
10.4%
10.4%
7.24%
7.24%
NRG Energi
56.5%
56.5%
ONE Harmony
7.73%
7.73%
OSMO Osmosis
11.2%
11.2%
21.8%
21.8%
7.07%
7.07%
RUNE THORChain
22.7%
22.7%
SKL SKALE
10.9%
10.9%
SNX Synthetix
<&nbsp;0.01%
<&nbsp;0.01%
SOL Solana
4.35%
4.35%
STARS Stargaze
9.51%
9.51%
STX Stacks
11.4%
11.4%
SUI Sui
4.97%
4.97%
TRX TRON
3.48%
3.48%
18.4%
18.4%
21%
21%
XTZ Tezos
4.62%
4.62%
99.9%
99.9%
ZIL Zilliqa
12.9%
12.9%
<&nbsp;0.01%
<&nbsp;0.01%
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%
TUSD TrueUSD
8% - 14%
8% - 14%
USDC USDC
8% - 14%
8% - 14%
USDP Pax Dollar
8% - 14%
8% - 14%
9% - 16%
9% - 16%
Crypto Currencies
AAVE Aave
0.25% - 4%
0.25% - 4%
ADA Cardano
4% - 8%
4% - 8%
APE ApeCoin
4% - 9%
4% - 9%
ATOM Cosmos
6% - 11%
6% - 11%
AVAX Avalanche
7% - 12%
7% - 12%
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%
ETH Ethereum
4% - 8%
4% - 8%
FTM Fantom
2% - 7%
2% - 7%
KSM Kusama
7% - 12%
7% - 12%
LINK Chainlink
3% - 7%
3% - 7%
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
Legal name
Coinbase Global Inc
Legal name
Nexo Services OÜ
Year founded
2012
Year founded
2018
Country incorporated in
2
Country incorporated in
77
Headquarters country
2
Headquarters country
42
Platform token
USDC
Platform token
Nexo
Decentralised
cross No
Decentralised
cross No
Number of employees
4100
Number of employees
101-250
Number of users
73,000,000
Number of users
100,000,000
Total assets under management
$5,860,000,000USD
Total assets under management
$5,000,000,000USD
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Products
Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
tick Yes
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
cross No
Margin trading
tick Yes
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
tick Yes
Futures exchange
cross No
Futures exchange
tick Yes
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Security
Insurance level
Insurance level
$775,000,000USD
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
BitGo, LedgerVault
Crypto security standard
Crypto security standard
Level 3
Two factor authentication
tick Yes
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
tick Yes
24/7 support
tick Yes
Email support
cross No
Email support
tick Yes
Phone support
tick Yes
Phone support
cross No
Chat support
tick Yes
Chat support
cross No
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Fees
Exchange fees
Exchange fees
0% exchange fee
Fiat deposit fee
tick Free
Fiat deposit fee
tick Free
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
tick Free
Crypto deposit fee
tick Free
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
tick Free
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
tick Yes
Know your customer
tick Yes
Regulators
Coinbase is licensed in most US jurisdictions, is registered as a money services business with FinCEN and is regulated by the FCA in the UK.
Regulators
Regulated in Estonia, Switzerland and the Cayman Islands
Connecticut - Money Transmitter License
tick Yes
Connecticut - Money Transmitter License
Georgia - Seller of Payment Instructions
tick Yes
Georgia - Seller of Payment Instructions
Idaho - Department of Finance - Money Transmitter License
tick Yes
Idaho - Department of Finance - Money Transmitter License
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
tick Yes
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
Kansas - Office of the State Bank Commissioner - Money Transmitter License
tick Yes
Kansas - Office of the State Bank Commissioner - Money Transmitter License
Maryland - Money Transmitter License
tick Yes
Maryland - Money Transmitter License
Minnesota - Department of Commerce - Money Transmitter License
tick Yes
Minnesota - Department of Commerce - Money Transmitter License
North Carolina - Money Transmitter License
tick Yes
North Carolina - Money Transmitter License
Nebraska - Money Transmitter License
tick Yes
Nebraska - Money Transmitter License
New Hampshire - Banking Department - Money Transmitter License
tick Yes
New Hampshire - Banking Department - Money Transmitter License
tick Yes
New Jersey - Money Transmitter License
tick Yes
New Jersey - Money Transmitter License
Ohio - Money Transmitter License
tick Yes
Ohio - Money Transmitter License
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Puerto Rico - Money Transmitter License
tick Yes
Puerto Rico - Money Transmitter License
South Carolina - Money Transmitter License
tick Yes
South Carolina - Money Transmitter License
Tennessee - Money Transmitter License
tick Yes
Tennessee - Money Transmitter License
Washington - Money Transmitter License
tick Yes
Washington - Money Transmitter License
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Alabama - Sale of Checks License
tick Yes
Alabama - Sale of Checks License
Alaska - Money Transmitter License
tick Yes
Alaska - Money Transmitter License
Arizona - Money Transmitter
tick Yes
Arizona - Money Transmitter
Arkansas - Money Transmission License
tick Yes
Arkansas - Money Transmission License
Delaware - Sale of Checks and Transmission of Money
tick Yes
Delaware - Sale of Checks and Transmission of Money
District of Columbia - Money Transmitter License
tick Yes
District of Columbia - Money Transmitter License
Florida - Money Transmitters Part II
tick Yes
Florida - Money Transmitters Part II
Iowa - Money Services License
tick Yes
Iowa - Money Services License
Louisiana - Money Transmitter License
tick Yes
Louisiana - Money Transmitter License
Maine - Money Transmitter License
tick Yes
Maine - Money Transmitter License
Michigan - Money Transmitter License
tick Yes
Michigan - Money Transmitter License
New Mexico - Money Transmission License
tick Yes
New Mexico - Money Transmission License
Oklahoma - DOB Money Transmission License
tick Yes
Oklahoma - DOB Money Transmission License
South Dakota - Money Transmitter License
tick Yes
South Dakota - Money Transmitter License
Texas - DOB Money Transmitter License
tick Yes
Texas - DOB Money Transmitter License
West Virginia - Money Transmitter License
tick Yes
West Virginia - Money Transmitter License
Colorado - Money Transmission License
tick Yes
Colorado - Money Transmission License
Kentucky - Money Transmission License
tick Yes
Kentucky - Money Transmission License
Nevada - Money Transmitter
tick Yes
Nevada - Money Transmitter
New York - Money Transmission License
tick Yes
New York - Money Transmission License
New York - Virtual Currency License
tick Yes
New York - Virtual Currency License
Pennsylvania - Money Transmitter License
tick Yes
Pennsylvania - Money Transmitter License
Rhode Island - Electronic Money Transfers
tick Yes
Rhode Island - Electronic Money Transfers
Rhode Island - Sales of Checks
tick Yes
Rhode Island - Sales of Checks
Vermont - Money Transmitter
tick Yes
Vermont - Money Transmitter
Virginia - Money Transmitter License
tick Yes
Virginia - Money Transmitter License
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
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
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.

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We always rank and compare products objectively and impartially.

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

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