Nexo pro is the new advanced trading application launched for Platinum users.
Nexo pro includes perpetual trading, margin trading, deep liquidity from several sources and low fees.
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 on- and offramps (SEPA, Wire, Credit Card)
- NEXO credit card with up to 2% cashback
- NEXO pro with advanced trading features
Where is NEXO located?
Can I use NEXO without KYC?
Is NEXO exchange legit and safe?
Does NEXO allow US customers?
Is NEXO good for beginners?
Is there a NEXO signup welcome bonus?
What is NEXO Pro?
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 Margin Trading
Nexo Pro margin trading le you 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 Low Fees
NEXO Pro comes out with very competitive trading fees.
However, if you are from the US, you want to compare NEXO pro trading fees with Kraken, Coinbase, and Binance US. Still, Binance US has lower fees for Bitcoin and Ethereum trading pairs since they offer this for FREE.
However, NEXO Pro has low trading fees compared to Coinbase, Kraken, and Binance US (excluding BTC and ETH trading pairs), especially for low volume trading.
NEXO Spot Trading Fees VS Binance US
Binance US has free trading fees for Bitcoin and Ethereum trading pairs. The above trading fees represent Tier 1 trading pairs. Read more about Binance US.
NEXO Futures Trading Fees VS Bitget
As you can see, Bitget futures trading fees are lower than Nexo Pro. Here, we don’t compare fees with Binance US since they don’t offer futures trading.
NEXO Pro Trading Fees Review
The exact fee you will pay on NEXO Pro depends on three factors,
- Your Pricing Tier
- If you pay the Maker vs. Taker fee
- If you trade on the Spot market or Futures Exchange.
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).
The Nexo exchange feature is a 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.
The Nexo credit line lets you borrow without selling your crypto at rates starting from 0% APR.
You have to 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
One of the main features of Nexo is the earning product. Here, you can lend your crypto to earn interest as a passive income.
Prior to their work in the crypto space, the people behind Nexo were providing traditional instant loans to Europeans since 2007 through a platform called Credissimo.
NEXO KYC and Verification
Since Nexo is a licensed and regulated crypto trading, exchange and lending/borrowing platform, KYC verification is a mandatory process.
KYC Personal Info verification – You will have to 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 you will also be prompted to take a selfie.
NEXO Account Security
NEXO has implemented several security features to make sure 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 own 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 easier and more secure withdrawals.
NEXO Pro Eligble 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:
- The Central African
- The US state of New York
- The US state of Vermont
- North Korea
NEXO Pro Taxes
All countries and jurisdictions have different tax laws concerning crypto trading.
However, for many countries, every buys or sell transaction is a taxable event.
This is very important ti understand once you start trading volatile assets like cryptocurrencies.
NEXO VS Binance
Nexo and Binance are both advanced crypto 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.