Nexo Pro is the new advanced trading application launched on the NEXO.com platform.
- Nexo Pro includes perpetual trading, margin trading, deep liquidity from several sources, and low fees.
- Get a 50% discount on fees when paying with the NEXO token.
- Nexo Pro offers institutional 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.
Nexo – 75 USDC Deposit Bonus – Sept 2023
Fund your account with at least $1,000 worth of any asset until Sep 30 in one or more top-ups with a bank transfer, card, or from an external wallet and win one of the rewards below.
Reward Requirement
- 10 USDC – 30 days with no lock-up period*
- 25 USDC – 1-month Fixed Term
- 75 USDC – 3-month Fixed Term or longer
*At any time during the 30-day no lock-up period, your balance should not fall below $800 due to market volatility or withdrawals to remain eligible.
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.
Does NEXO allow US customers?
Yes! However, US crypto traders are not allowed to use the earned product.
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 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 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
NEXO Pro comes out with very competitive trading fees.
Still, NEXO can’t compete with Binance and Bybit.
However, if you are from the US, you want to compare NEXO pro trading fees with Kraken and Coinbase.
See the NEXO trading fees in the two tables below: spot trading fees and futures trading fees.
NEXO Spot Trading Fees
Compare all the lowest crypto 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.
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).
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
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
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
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 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.
- Crypto Debit Card
- Exchange
- Borrow
- Earn
- Trading
- Leverage
