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Nexo Pro Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange

by Cws Team
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Nexo Pro Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange

About Nexo Pro Cryptocurrency Exchange

Nexo Pro Cryptocurrency Exchange was founded in 2017 by Antoni Trenchev, the co-founder and managing partner of the platform. They aims to empower millions of crypto users to harness the power of digital assets by shaping a better financial system. The platform offers its services in more than 200 jurisdictions having around 4 million users worldwide. The claims itself as one of the world’s largest and most trusted lending financial institutions in the digital finance industry.

Nexo Pro Cryptocurrency Exchange is one of the most popular platforms that allows its customers to earn compound interest on their cryptocurrency that is paid daily. This is a crypto platform that is also a borrowing and lending platform. Even though it is not considered a decentralized app, it uses protocols and blockchain technology on the platform to execute transactions.

Nexo Pro Cryptocurrency Exchange user can not only earn cash through interest using their crypto, fiat currencies like USD, GBP, and EUR, but also borrow cryptocurrencies using crypto coins as collateral. Collateral is crypto funds you would put up for a loan (if you don’t repay, they will sell it to cover the default). You do not earn interest in crypto that you use as collateral.

Operating Company 

Exchange NameNexo Cryptocurrency Exchange
Support24/7
Founded2018
Deposit FeeDepend on the currency you choose
Trading Fee Depend on your account
Withdraw FeeGas fees will be charged post free withdrawal limit
Official SiteHomepage

How To  Start With Nexo Cryptocurrency Exchange

To Start Trading With Nexo Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Nexo Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Nexo Cryptocurrency Exchange .

Nexo Fees 

Nexo claims that it charges a very low fee for opening a crypto savings account. When compared to a traditional savings account, They does not charge any type of account maintenance fee, and the user is free to withdraw their fiat or cryptocurrency anytime without any charges. It covers the transaction fees of the user account, which means the user only needs to pay a brokerage fee when they transfer from their exchange wallet to their account. Moreover, these fees vary and depend on the broker used. There is no minimum amount of cryptocurrencies to be deposited by the user to their account to start earning interest.

Is Nexo Safe?

The Nexo platform practices top-level security infrastructure to make sure they provide maximum protection for all the assets around the clock. The Nexo group holds legal entities in different parts of the world to ensure that they are regulatory complainants in all the jurisdictions where it operates. Let us have a look at the platform’s safety features. 

Military-grade storage

All the assets deposited into the platform are stored securely in military-grade Class Ⅲ vaults. At the same time, Nexo allows users to access their funds instantly and provides full independence from third-party providers. 

Third-party audits

Nexo Pro Cryptocurrency Exchange works with Armanino so that it can conduct a Proof of Reserves assessment and provide real-time attestations over the company’s custodial holdings. This increases transparency, and the platform always meets client obligations. 

ISO certified

Nexo is ISO 27001:2013 certified. This confirms the platform’s flawless risk assessment, robust protection of data, and enhanced cyber security. 

$375 million insurance

Nexo Pro Cryptocurrency Exchange partnered with security providers in the blockchain space, such as BitGo. Ledger Vault, etc. These platforms carry $375 million in insurance protections collectively for digital assets held on Nexo. 

Regulatory compliance

The Nexo platform uses Jumio to meet the KYC and AML global compliance standards. Jumio is trusted by reputed companies such as Microsoft, Oracle, Monzo, and HSBC. 

Nexo Customer Support

In this Nexo Pro Cryptocurrency Exchange lending review, they have also covered Nexo customer support. The platform provides four methods for an investor to contact the customer support team –

They can contact Nexo through email, or they could send a mail to support@nexo.io.

Users can also contact Nexo through online messaging or fill out an online request customer form.

Support can also be contacted through live chat, and users need to visit the website where they need to click the icon on the right-hand corner of the screen.

The customer service team is available 24×7, and the support requests are answered immediately.

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