An Overview

As a pursuant of passive income and signup bonuses, a piece of news from Nexo a few days back had caught my attention — Nexo is currently offering a signup bonus of up to $150 for new users to the platform! As an existing user of Nexo, sadly this is not for me to avail — but if you are new to Nexo, you might want to continue reading on to find out more!

What is Nexo?

Nexo is essentially a digital wallet where I store and earn interest on my cryptocurrencies. It claims to be the world’s most advanced, regulated digital assets institution that offers instant crypto loans, daily earning on assets, exchange, and the only blockchain company to provide services to more than over 3.5+ million users worldwide in 40+ fiat currencies and in more than 200 jurisdictions. Thanks to their industry-renowned custodians and the leading authorities in compliance, the value of all assets held in Nexo is guaranteed for up to $375 million.

A Brief Overview of Nexo

In a nutshell, Nexo offers a host of services such as the following:

• Buy: Purchase all your favorite cryptocurrencies securely and directly on the Nexo platform, using your Visa and Mastercard credit or debit cards. Assets purchased are instantly credited to your account, with no hidden fees — rest assured that the amount shown is what you will be charged.

• Exchange: Swap easily between 300+ market pairs, directly within the Nexo platform. Transactions are executed instantly at competitive rates. On top of that, earn up to 0.5% cashback for each crypto purchase or swap (depending on your loyalty tier — the higher your loyalty tier, the more cashback you’ll get).

  

  

• Earn: Get up to 20% interest, paid out daily on your crypto and stablecoins! This is one of my personal favourite services that Nexo offers, as I can safely store my cryptocurrencies securely and at the same time allow it to compound interest at a rate much better than that offered by traditional financial institutions! The interests are paid out daily, and withdrawable at anytime for flexible terms. Locked terms present a higher earning rate, at a cost of reduced flexibility as the assets then are locked in 1 to 3-monthly tenures.

  

  

  

  

• Borrow: Enjoy Instant Crypto Credit Lines™ with borrowing rates starting from 0% APR. It is a hassle-free process with no origination fees or credit checks.

Why Nexo?

Nexo has an excellent rating on Trustpilot; and it is not difficult to see why.

• Security: Your funds are SAFU on Nexo

Nexo is a secure platform, where your assets are protected by military-grade class III vaults, $375M insurance on custodial assets, and real-time reserves audit.

• Attractive interest rates make for great passive income on your idle digital assets!

• Free withdrawals! With the introduction of the Polygon bridge, all withdrawals via the Polygon network are free, with a limited number of free monthly withdrawals via the Ethereum network too depending on your loyalty tier. For more information on this, check out my previous article here.

• Reliable and helpful customer service.

• A bridge to fiat.

In fact, the list goes on and on! Check out the top reasons why I love using Nexo in my previous article.

How To Avail The $150 Bonus

• Sign up for Nexo using the $150 welcome bonus landing page which can be found here or on the Nexo official site.

  

  

  (Note: you can only choose to avail either the $25 signup bonus using a referral link such as mine here, or the $150 welcome bonus using the links I have mentioned earlier; the 2 bonuses are not stackable. In case you would like to invest a capital no bigger than $1500, you can still avail the $25 signup bonus with a $100 deposit, using my referral link here)

• Complete KYC verification.

• Deposit any supported asset worth $1500 in value, for a holding period of 30 days. There are a few different ways of topping up — transfer assets from an external wallet by using your private deposit address; top up via a bank transfer and swap stablecoins for crypto on the Nexo Exchange; or buy digital assets directly with your credit or debit card.

• A $100 signup bonus in the form of bitcoin will be credited at the end of the 30-day holding period. The bitcoin bonus then can be withdrawn, or simply kept in Nexo to further compound interests.

• To avail an additional $50 bonus on top of the $100, simply utilize the exchange on Nexo to swap $1,500 or more in volume on the Nexo Exchange during the 30-day holding period. This additional bonus will be credited in your Nexo account between August 1 — August 10, 2022.

What’s The Catch For The $150 Bonus?

• The promotion runs for a limited period of time, from Thursday, May 5 at 00:00 UTC to Thursday, July 1 at 14:00 UTC.

• You must be a new Nexo user.

• Sign up has to be via the welcome bonus landing page and not via a referral link (a referral link entitles you to a $25 signup bonus on a minimum deposit of $100, vs the current upsized $150 signup bonus on a minimum deposit of $1500)

• Identity verification must have been completed.

• The deposit value of supported assets must be at least $1500, and must remain above this value at the end of the 30-day holding period. (I would personally recommend depositing a stablecoin in this regard, to avoid price fluctuations at the end of the term that may affect your eligibility for the reward)

• The balance of $1,500 should be sent into the Nexo Account only from an external wallet; internal transfers from other Nexo wallets will not be eligible for participation in the Promo.

Final Thoughts

If you are new to cryptocurrency and looking for a versatile digital wallet that does more than securely storing your assets, look no further than Nexo! I have been a happy customer of Nexo for more than 3 years, just like many other users out there.

While you embark on a journey of passive income with Nexo, why not avail its attractive signup bonuses?

• If you have assets >$1500, you can avail a signup bonus of up to $150 in BTC with the current ongoing promotion as above.

• If you have assets worth between $100 to $1500, you can avail a signup bonus of $25 in BTC with a referral link, such as mine here!

Feel free to check out my previous articles on Nexo below, and leave your thoughts in the comment section below. Happy investing!

Bridging ERC20 & MATIC: The Nexo Multichain Bridge

Reasons why I love using Nexo

As always this is not financial advice! But simply investment platforms I have invested in and have found worthy of sharing with. Do your own research before investing and never deposit money you cannot afford to lose. Feel free to ask me any questions below.

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