How & where to buy Nexo Token online

By:

Charlie Hancox

Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.

Updated: May 11, 2023

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This page explores everything you need to know about Nexo. Find out how owning some of its tokens can get you access to better deals, and how to hold those coins to generate the best returns.

What are the best exchanges to buy NEXO on?

You can go ahead and get Nexo straight away by using any of the brokers below. These are the top trading platforms, as chosen by our team of financial experts. To learn more about Nexo first, scroll down to keep reading.

Most Popular

1

Min. Deposit

$ 0

Best offer

User Score

9.1

Nexo is the world's largest and most trusted lending institution in the digital finance industry

Available in 200+ jurisdictions

Earn daily interest on your crypto

Start Trading more info

Payment Methods:

Apple Pay, Bank Transfer, Credit Card, Debit Card, Google Pay

Full Regulations:

2

Min. Deposit

$ 30

Best offer

User Score

9.0

Accepts 70+ cryptocurrencies

Majority of cryptocurrencies are held in a secure Cold Storage

Buy cryptocurrencies instantly with your credit card

Start Trading more info

Payment Methods:

Full Regulations:

How to buy NEXO online – step-by-step guide

Step 1. Find an exchange

Use a cryptocurrency exchange to get Nexo tokens. These are platforms that allow users to swap their account funds for cryptocurrencies. We have some of our recommended options at the top of the page, and here are two of the best exchanges:

• ChangeHero: Combine a clean interface with a reliable reputation and you get Changehero. The platform began supporting NEXO in 2019, and it is a good option for NEXO. Open an account with ChangeHero by following this link >
• Binance: As one of the most well-known crypto exchanges, Binance needs little introduction. The platform is reliable and innovative, and NEXO is one of its supported tokens. Open a Binance account now >

Step 2. Sign up and fund your account

Exchanges commonly require users to sign up before executing any transactions. Expect an identity verification check, so get a copy of your photo ID ready.

It used to be the case that exchanges would not accept fiat money to fund your account, but many now do. You can choose to load your account with fiat currency, or you can buy crypto from an exchange like bitFlyer to use as funds.

Step 3. Purchase

If your account has been set up and funded, you are ready to go. If your account is funded with fiat money like GBP, search the exchange for the NEXO/GBP pair. If your account is funded with crypto like Bitcoin, look for the NEXO/BTC pair. Once you are happy with the conditions of your exchange, execute your transaction.

Step 4. (Optional) Get a suitable wallet

If you want to invest in NEXO for the long term, you should consider opening a NEXO wallet to store your tokens securely. NEXO wallets work like Bitcoin wallets, and there are a variety of options available. Below are two of the best wallets that support NEXO and other cryptocurrencies.

• Freewallet: Supporting in excess of 100 cryptocurrencies, including NEXO, Freewallet is one of the most popular NEXO wallets. It is easy to open and use a Freewallet; open one today and see if it suits you >
• Guarda Wallet: After partnering with Nexo in 2019, Guarda Wallet became one of the most popular Nexo wallets, and it can also be used to securely store over hundreds of other assets. Open a Guarda Wallet for your NEXO today >

Most Popular

1

Min. Deposit

$ 1

Best offer

User Score

10

The world's largest cryptocurrency exchange with over 2bn daily users

Innovative trading platform offering enormous range of crypto coins

Supports over 60 methods of payment including PayPal

Start Trading more info

Payment Methods:

AdvCash, Afterpay, Bank Transfer, Banxa, Cash, CashU, Check, Credit Card, Debit Card, Discover, EPS, Giropay, Google Pay, Ideal, Klarna, Mastercard, MoneyGram, Neosurf, POLi, PayPal, Payeer, Payoneer, Perfect Money, PicPay, Przelewy24, Rapid Transfer, SEPA, Simplex, SmartPay, Swish, Trustly, UnionPay, Venmo, Visa, Volt, WeChat, WebMoney, Western Union, Wire Transfer, Yandex, Yandex Money, mPay, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , paysafecard, postepay, skrill

Full Regulations:

How to trade NEXO – step-by-step guide

Step 1. Find a broker

To trade NEXO and make returns, traders need to capitalise on short-term market fluctuations by opening and closing positions quickly. Brokers allows traders to accomplish this. Before selecting a broker, make sure it supports NEXO. Not every broker does, but if any broker is likely to it will be a major one like eToro or Plus500 that supports a variety of coins and tokens.

Step 2. Deposit money

Brokers allow you to fund your account with fiat money (like GBP, EUR and USD). Before you execute a trade, make sure you watch out for trading fees because these can quickly add up when rapidly opening and closing positions.

Step 3. Decide how you’d like to trade

If you want to trade NEXO successfully, you will need a robust trading strategy that focuses on technical indicators. There are also a variety of different trading methods, such as spread betting, CFDs, using leverage and shorting.

Step 4. Start trading 

You are now ready to start trading NEXO. Before you put real capital on the line, we recommend learning the ropes with a demo account so you can discover how market fluctuations affect your trades. Trading NEXO is not without its risks, and you should make sure you are comfortable with these before making any trade.

You can go long or short when trading NEXO. Going long is the belief that it will rise in value over time, whereas going short is the belief that it will fall in value over time. Both strategies can be profitable when, but you must make sure you have carefully considered the options available to you before deciding your strategy.

You can also trade with leverage, which means you gain additional exposure to the price movements of NEXO. However, if the market goes against you, your exposure to the downside is also heightened. Leverage should be avoided by inexperienced NEXO traders.

Still undecided?

If you still aren’t ready to invest in Nexo, check out our list of three key considerations below.

1. Is now a good time to buy NEXO?

To answer this question, you need to confirm whether your investment strategy is long-term or short-term. The long term could prove to be profitable as decentralised finance (DeFi) becomes more popular and individuals seek solutions to the drawbacks of bank loans. If you believe Nexo offers a necessary loan solution and has the first-mover advantage, now could be a good time to invest as the price of NEXO rises.

If you would rather trade NEXO with a short-term strategy, the future potential of Nexo and NEXO tokens is less important. You need to pay close attention to the technical side of things to buy low and sell high. To keep informed about Nexo and NEXO tokens, check out our latest analyses below:

2. What problem does Nexo solve, and what are its investment prospects?

Nexo makes loans easier and faster to access and reinforces them with the security of a smart contract. Loanees no longer have to go through protracted and scrutinous checks before accessing a loan.

If the adoption of DeFi continues to increase, Nexo is well-positioned to take advantage as one of the world’s leading digital lending platforms. It will undoubtedly face competition that may offer better interest rates or dividends, so Nexo must continue to innovate to stay on top. If Nexo is successful, its earnings will increase, making the value of its dividend-paying native token NEXO increase too.

To keep track of the latest news surrounding Nexo’s development and the value of NEXO tokens, click one of the links below:

3. Do you want to hold Nexo for the long term?

Holding NEXO for long periods of time and trading it over short periods of time are two contrasting methods, and both have their owns pros and cons that are outlined below.

Considerations for a long term investment strategy

If you believe in the long-term vision of Nexo and believe NEXO tokens will rise in value, sign up for an exchange and consider storing them in a wallet. Just like investing in a stock, make sure you conduct a detailed fundamental analysis of NEXO and work out what you think it is worth right now, and what you think it will be worth in the future. The aim is to get in whilst Nexo is at an early stage in its development and hold until long-term growth comes to fruition.

Considerations for a short term trading strategy

If trading NEXO quickly for an accelerated profit is more conducive to your investment goals, sign up to a reliable broker. If you can effectively predict price movements using charts and technical analysis, you could potentially make good returns.