Crypto & digital finance
Nexo
Earn interest on your crypto and take out collateralized loans without selling
Nexo works like a savings account for crypto: you deposit Bitcoin, Ethereum, stablecoins and other assets, and earn interest that accrues daily. It also lets you take out loans backed by your portfolio — handy when you need liquidity without selling and triggering a taxable event. Rates vary by asset and loyalty tier (holding part of your portfolio in the NEXO token improves terms). As a custodial platform, never keep more there than you are willing to risk. [Describe your own testing experience here: which assets you kept there, how rates evolved, what limitations you found.]
Strengths
- Daily interest on stablecoins and major assets
- Instant collateralized loans without selling crypto
- Better rates with the NEXO token and loyalty tier
Worth knowing
- Custodial: you don't hold the private keys
- Rates drop when the market cools off