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NEXO Pro – Futures Fees and Trading Fees – Review 2024

NEXO Pro Trading Exchange

  • Get a 50% discount on NEXO pro trading fees with the NEXO token.
  • Nexo Pro includes perpetual trading, margin trading, deep liquidity from several sources, and low fees.
  • Nexo Pro offers advanced trading tools to individuals.
  • Get a crypto Mastercard with 2% cashback with the NEXO card.
  • Earn up to 7% APY with your idle Bitcoin holdings on NEXO.

What is NEXO?

➤Nexo is a regulated cryptocurrency lending and borrowing platform with many additional features.

➤Nexo also provides an exchange, the NEXO credit card, and a trading platform called NEXO Pro.

  • Earn passive income with lending and earn product
  • Borrow funds with 0% interest with the borrowing product
  • Exchange crypto-to-fiat or crypto-to-crypto
  • Fiat deposit methods (SEPA, Wire, Credit Card)
  • NEXO credit card with up to 2% cashback
  • NEXO Pro with advanced trading features

Where is NEXO located?

Nexo has HQ in Sofia, Bulgaria.

Can I use NEXO without KYC?

No, you must do KYC to open an account with NEXO.

Is the NEXO exchange legit and safe?

Yes, NEXO is legit and one of the first crypto exchanges with proof-of-reserves. However, there is always a risk with any financial institute.

Is NEXO suitable for beginners?

NEXO has a user-friendly interface that is suitable for crypto beginners.

Is there a NEXO signup welcome bonus?

No, not at the moment.

What is NEXO Pro?

Nexo Pro trading screenshot

NEXO Pro is an advanced exchange feature with additional trading tools.

With the new trading platform featuring limit orders, margin trading, perpetual future contracts, and automated strategies, we aim to help you meet your long and short-term investment goals.

NEXO Pro Advanced Orders

With NEXO Pro, you can create market orders, limit orders, trigger orders, or even automate TWAP(Time-weighted average price) trades on 400+ pairs. Start margin trading with up to 5x leverage.

TWAP orders are a strategy of executing trades evenly over a specified period.

NEXO Pro – Perpetual Futures

The NEXO pro perpetual futures contracts are settled in USDT with up to 2x leverage. So, with crypto futures contracts, you can get exposure to a cryptocurrency without owning the underlying.

NEXO Pro – Spot Margin Trading

Nexo Pro spot margin trading allows you to trade up to 5x leverage.

When placing a leveraged margin order, you borrow funds to trade with on top of your initial balance (in other words, your margin), with a maximum leverage of 5x.

NEXO Pro Deep Liquidity

NEXO Pro sources liquidity from 10+ exchanges simultaneously to give you the best exchange rate with minimum slippage.

NEXO Pro Trading Fees and Discount 

Trading Fees can eat up your profit.

NEXO Pro comes out with very competitive trading fees.

Still, NEXO can’t compete with Binance and Bybit

See the NEXO trading fees in the two tables below: spot trading fees and futures trading fees.

The exact fee you will pay on NEXO Pro depends on three factors,

NEXO Pro Pricing Tier

The NEXO Pro pricing model is based on the total USD trading volume over the trailing 30-day period,  updated once a day at 00:00 UTC. This is similar to most crypto trading platforms.

The Total Volume does not include trades between stablecoins (for example, USDC/USDT).

How do you get lower Nexo pro trading fees?

There are two different approaches to getting lower trading fees on NEXO Pro.

  1. Increase your 30-day average trading volume (see table below).
  2. Pay your trading fees with the NEXO token for a 50% discount.

NEXO Spot Trading Fees

NEXO Futures Trading Fees VS Bitget

As you can see, Bitget futures trading fees are lower than Nexo Pro. See all the lowest crypto futures trading fees.

There are no maker orders available yet on NEXO Pro.

NEXO Exchange

The Nexo exchange feature is a crypto spot trading application where you can swap anything for anything.

The Nexo exchanges support 100+ exotic markets, allowing you to swap seamlessly between almost everything.

NEXO Borrow

The Nexo credit line lets you borrow without selling your crypto at rates starting from 0% APR.

You must use your crypto as collateral, and your credit line is immediately available.

  • Instant approval
  • No credit checks
  • No origination fees
  • No monthly repayments
  • Available from $50 up to $2M

NEXO Lending

One of the main features of Nexo is the earning product. Here, you can lend your crypto to earn interest as a passive income.

Before their work in the crypto space, the people behind Nexo have been providing traditional instant loans to Europeans since 2007 through a platform called Credissimo.

NEXO KYC and Verification

Iris scan for ID and Non KYC withdrawal limits on exchanges

Since Nexo is a licensed and regulated crypto trading, exchange, and lending/borrowing platform, KYC verification is mandatory.

KYC Personal Info verification: You must provide your legal name, residential address, employment details, and phone number.

Complete Identity Verification: You will need a high-quality photo of a government-issued ID (a passport works best) and be prompted to take a selfie.

Please read our full article about crypto exchanges and non KYC withdrawal limits.

NEXO Account Security

A padlock for Binance security if its safe and legit

NEXO has implemented several security features to ensure your account is secure and safe. 

In the list below, you find the main security features you can use as a Nexo customer to secure your account.

Login Information – Change your password, see your account e-mail details, and monitor the logins to your account.

Two-Factor Authentication – Used for withdrawals and changes to security settings.

Address Book – Manage crypto addresses for more accessible and more secure withdrawals.

In our article about safe and legit crypto trading sites, read more about crypto security.

NEXO Pro Eligible Countries

World Globe accepted and restricted countries

Nexo markets itself as a global company, and it should. However, similar to many other crypto trading platforms, there are specific jurisdictions in which they do not operate, including:

  • Bulgaria
  • The Central African
  • Republic
  • Cuba
  • Estonia
  • Iran
  • The US state of New York
  • The US state of Vermont
  • North Korea
  • Syria

NEXO Pro Taxes

All countries and jurisdictions have different tax laws concerning crypto trading.

However, every buy or sell transaction is taxable in many countries.

This is important to understand once you start trading volatile assets like cryptocurrencies. Read more about the best crypto tax software.

NEXO VS Binance

Nexo and Binance are great crypto trading platforms with large ecosystems around their main features.

While Nexo started as a crypto lending and borrowing company, they have now expanded with an exchange, trading platform, and a Nexo debit card.

Binance started as a crypto exchange and has expanded its features with a Binance debit card, Binance Earn, and leverage trading.

Crypto Trading Platform Reviews Binance
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