Nexo

Q: What is Nexo?

A: Nexo is an easy-to-use platform that allows you to buy, sell, and earn interest on your cryptocurrency. You can also exchange digital assets or borrow against them using Nexo’s Instant Crypto Credit Lines. Over 7 million users from more than 200 jurisdictions trust Nexo with their digital assets.

Q: What cryptocurrencies can I buy and trade on Nexo?

A: You can purchase and trade 60+ top cryptocurrencies on Nexo, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and many more. Payments can be made via bank card or wire transfer, and you can earn up to 0.5% cashback on your purchases.

Q: What is the Nexo Refer and Earn Program?

The Nexo Refer and Earn Program is a referral initiative where you can earn up to $185 in Bitcoin (BTC) for each friend who joins Nexo, tops up $500 or more in digital assets, and completes specific tasks like trading or borrowing. Your friends also receive rewards for completing these tasks, making it a win-win for both parties.

Q: How do I start referring friends to Nexo?

To start referring friends:

1. Log in to your Nexo account and ensure your Identity Verification is complete.

2. Navigate to 'My Profile' -> 'Invite Friends' and copy your unique referral link.

3. Share your referral link via email, social media, or messaging platforms. Once your friend signs up and completes the referral tasks, you will both receive BTC rewards.

   
   

Q: What rewards can I and my friend earn through Nexo’s referral program?

When your friend completes tasks, both of you earn rewards:

• Top-up Task: You earn $10 in BTC, and your friend earns $15 in BTC for depositing $500 worth of digital assets and holding it for 30 days.

• Exchange Task: You can earn up to $100 in BTC based on 0.1% of your friend’s exchange volume, and your friend earns $10.

• Borrow Task: You can earn up to $75 in BTC based on 0.15% of the borrowed amount, while your friend earns $10 in BTC for borrowing at least $1,000.

  
  

Q: What are the specific tasks my friend must complete to earn rewards?

Your friend must complete the following tasks to qualify for rewards:

• Top-up Task: Deposit at least $500 worth of digital assets and maintain this balance for 30 days.

• Exchange Task: Exchange at least $1,000 worth of digital assets on the Nexo Exchange within 90 days.

• Borrow Task: Borrow a minimum of $1,000 in USDC or USDT within the first 90 days of signing up.

  
  

Q: Where can I find my referral link on the Nexo app or website?

You can find your referral link in two ways:

1. In the Nexo app: Go to 'My Profile' -> 'Invite Friends' and copy your referral link.

2. On the website: Log in to your account, navigate to the 'Invite Friends' section, and copy your unique referral link. You can then share the link with friends via email, social media, or other platforms.

   
   

Q: How many friends can I refer to Nexo?

There is no limit to how many friends you can refer. You can refer as many people as you like, as long as they are new Nexo users and complete the required tasks to earn the rewards.

Q: How long does it take to receive referral rewards from Nexo?

Referral rewards are typically credited to your account after your referred friend completes their task. For instance:

• The $500 top-up task requires your friend to hold their balance for 30 days.

• The exchange and borrow tasks have a 90-day completion period. You can track their progress and your pending rewards through the 'Invite Friends' section.

  
  

Q: What happens if my friend doesn’t complete the referral tasks within the specified time?

If your friend does not complete the referral tasks (top-up, exchange, or borrow) within the specified period (30 days for top-up and 90 days for exchange or borrow), neither of you will receive the rewards. Make sure your friend completes these tasks on time to earn the rewards.

Q: What conditions apply to the $500 top-up task?

To meet the conditions of the $500 top-up task:

• Your friend must deposit at least $500 worth of any digital asset in a single transaction.

• They must hold this balance for a minimum of 30 days.

• Internal transfers (i.e., from other Nexo users) do not count toward the top-up. The deposit must be made externally and must be completed in one transaction.

  
  

Q: How does the exchange task work in the Nexo Refer and Earn program?

The exchange task requires your referred friend to:

• Exchange at least $1,000 worth of digital assets on the Nexo Exchange within 90 days of registration.

• You earn 0.1% of their total exchange volume, capped at $100,000, meaning you can receive up to $100 in BTC.

• Your friend also receives $10 in BTC for completing this task.

  
  

Q: What is the borrowing task, and how much can I earn from it?

The borrowing task involves your friend borrowing at least $1,000 in USDC or USDT on Nexo within 90 days of signing up. You earn 0.15% of the borrowed amount, capped at $50,000, which means you can earn up to $75 in BTC. Your friend earns $10 in BTC after completing the task.

Q: Can I track the progress of my referred friends in the Nexo app?

Yes, you can track the progress of all your referred friends by visiting the 'Invite Friends' section in the Nexo app or on the website. Here, you can see which tasks your friends have completed and your pending rewards.

Q: What if my friend doesn’t use my referral link when signing up?

If your friend does not use your unique referral link to sign up, neither you nor your friend will be eligible for the rewards. Ensure that they register through your referral link to unlock the benefits of the Nexo Refer and Earn Program.

Q: Why haven’t I received my referral rewards yet?

If you haven’t received your referral rewards, it could be due to several reasons:

• Your friend didn’t sign up through your referral link.

• Your friend hasn’t completed the referral tasks (top-up, exchange, or borrow).

• Your friend hasn’t passed Identity Verification.

• The top-up task wasn’t completed in a single transaction, or the $500 was not held for 30 days.

  
  

Q: What are the terms and conditions of the Nexo Refer and Earn Program?

Some key terms and conditions include:

• Only new users who sign up through your referral link are eligible.

• Tasks must be completed within 30 to 90 days of signing up.

• Rewards are distributed based on specific tasks (top-up, exchange, borrow).

• Nexo reserves the right to modify or terminate the program at any time. For more details, visit the Nexo Help Center or the Terms and Conditions page.

  
  

Q: How can I earn interest on my crypto assets using Nexo?

A: With Nexo, you can earn daily compound interest on your idle crypto assets. Interest is paid out daily, and you can choose to receive earnings in-kind or in NEXO Tokens. Most users start earning interest within 24 hours of purchase or top-up.

Q: What are the borrowing rates for Nexo’s Instant Crypto Credit Lines?

A: Nexo’s Instant Crypto Credit Lines offer borrowing rates starting as low as 2.9%* per annum. You can borrow against your crypto assets and receive funds within 24 hours, with no fixed payment schedule.

Q: What is the Nexo Card, and how does it work?

A: The Nexo Card is a payment solution that allows you to use your crypto as collateral to finance daily purchases. The card offers cashback up to 2% on all purchases and can be linked to Apple Pay and Google Pay. There are no monthly, annual, or inactivity fees.

Q: How secure is Nexo’s platform?

A: Nexo places a strong emphasis on cybersecurity. The platform uses military-grade 256-bit encryption, is ISO 27001:2013 and SOC 2 Type 2 certified, and provides features like address whitelisting, 2FA, withdrawal confirmations, and log-in alerts. 24/7 customer support is also available.

Q: What perks does Nexo’s Loyalty Program offer?

A: Nexo’s Loyalty Program provides various perks, such as up to 50% higher earning rates, borrowing rates starting from 2.9%* p.a., up to 2% cashback on Nexo Card purchases, and one free monthly withdrawal on BTC and ETH networks.

Q: Are there any fees associated with the Nexo Card?

A: No, the Nexo Card has no minimum monthly repayments, no monthly or annual fees, and no inactivity fees. This makes it a flexible option for crypto holders looking to leverage their assets without additional costs.

Q: How does Nexo ensure the safety of my digital assets?

A: Nexo implements multiple layers of security, including military-grade encryption, address whitelisting, two-factor authentication (2FA), and withdrawal confirmations. The platform is also ISO 27001:2013 and SOC 2 Type 2 certified for added peace of mind.

Q: How long does it take to receive borrowed funds from Nexo?

A: In most cases, you can expect to receive borrowed funds within 24 hours of applying for a loan. Nexo allows you to borrow against your crypto assets without selling them, offering you instant liquidity.

Q: Can I exchange between different cryptocurrencies on Nexo?

A: Yes, Nexo allows you to exchange between hundreds of market pairs, giving you the flexibility to trade various cryptocurrencies easily on the platform.

Q: How does Nexo calculate interest on my crypto assets?

A: Nexo calculates interest daily, and you can see a comprehensive breakdown of your total earning balance within the platform. Interest is compounded and paid out daily, offering users the option to HODL and grow their assets effortlessly.

Q: What are the cashback benefits of using the Nexo Card?

A: When you use the Nexo Card, you can earn up to 2% cashback on all purchases. Cashback is available in either BTC or NEXO Tokens, giving you flexibility in how you choose to be rewarded.

Q: Are Nexo’s services available globally?

A: Nexo is available in over 200 jurisdictions. However, some services or features may be restricted or unavailable in certain regions. Be sure to check the platform’s terms and conditions or visit Nexo’s website for region-specific details.

Q: What risks are associated with using Nexo for crypto trading?

A: As with any crypto trading platform, there are risks involved. Crypto trading can result in losses, and it’s important to be aware of market volatility. Nexo provides detailed disclosures to help users understand the risks, which can be found on their website at Nexo Terms.