Nexo Review 2026: Earn Up to 16% APY on Your Crypto

Capital at risk. This is not financial advice. Crypto assets are volatile and unregulated. Tax on profits may apply.

Nexo is a centralised crypto lending and earn platform that has operated since 2018. Its core products are crypto-backed loans and high-yield savings accounts. As of 2026 it remains one of the most established names in the crypto earn space.

New users receive a $20 bonus on their first qualifying deposit — one of the better signup incentives currently available.

Get your $20 Nexo bonus →

What Nexo Offers

Earn on crypto: Nexo pays daily interest on crypto and stablecoin balances. Rates depend on the asset, whether you hold NEXO tokens, and whether you choose flexible or fixed-term products. Stablecoin rates (USDT, USDC) have historically been among the highest available on centralised platforms.

Crypto-backed loans: Borrow against your crypto without selling it. Loan-to-value ratios up to 90% depending on the collateral asset. Interest rates from 0% for NEXO token holders. This is useful for accessing liquidity without triggering a taxable sale event — but carries liquidation risk if collateral value drops.

Exchange: Nexo has a built-in exchange for swapping between assets. Rates are competitive for straightforward swaps.

Nexo Card: Spend crypto via a Mastercard linked to your Nexo balance. Cashback in NEXO tokens.

Earn Rates

Rates change based on market conditions. As of May 2026 Nexo offers competitive APY across Bitcoin, Ethereum, and stablecoins. NEXO token holders earn boosted rates. Rates are paid daily, which compounds effectively over time.

Check current rates on the Nexo platform — we do not publish specific rates here as they change frequently.

Risks to Understand

Nexo is a centralised platform. Your assets are not held in a self-custody wallet — you are a creditor of the platform. If Nexo were to face insolvency, your assets could be at risk. This is true of all centralised earn platforms.

Nexo publishes proof-of-reserves data and has maintained a strong operational track record. However users should not hold more on any centralised platform than they can afford to lose.

Crypto-backed loans carry liquidation risk. If collateral value drops below the maintenance margin, Nexo will liquidate your collateral to repay the loan.

Our Verdict

For users who want to earn yield on crypto they are already holding long-term, Nexo is a solid choice. Its daily interest payments, competitive stablecoin rates, and $20 signup bonus make it worth considering as part of a broader crypto strategy.

It is not a substitute for self-custody and should be used for the portion of your holdings you are comfortable holding on a centralised platform.

Rating: 4.1 / 5

Join Nexo — claim your $20 welcome bonus →

Capital at risk. Not financial advice. Crypto assets are volatile and unregulated. Tax on profits may apply.

Frequently Asked Questions

Is Nexo available in my country? Nexo is available in most European countries including Norway. Check the Nexo website for the current list of supported jurisdictions.

Is the $20 bonus real? Yes. New users receive $20 in Bitcoin after completing KYC and making a qualifying deposit. Terms apply — check the Nexo promotions page for current conditions.

How is interest paid on Nexo? Interest is paid daily in-kind — you earn more of the asset you are holding. NEXO token holders earn boosted rates.

Can I withdraw at any time? Flexible products allow withdrawal at any time. Fixed-term products lock your assets for the chosen period. Check the terms of each product before depositing.