NEXO (NEXO) Staking - All information about NEXO staking - DropsEarn
NEXO

NEXO (NEXO)

Nexo - The Worlds First Instant Crypto Overdrafts. Powered by Credissimo - A Leading FinTech Group serving millions of people across Europe for over 10 years.

  • Reward: 4.80%
  • Adjusted Reward: 4.80%
  • Compound Reward: 4.89%
  • Adjusted Compound Reward: 4.89%
  • Inflation: 0.00%
  • Lock-Up Period: -
  • Total Staked: 0.00%
  • Price: $2.87
  • Market Cap: $1,606,666,130
  • Rank: #71

About NEXO

The Nexo platform is equipped with a top-quality security infrastructure designed to protect your assets at all times.

Staking NEXO

Follow these simple steps and start earning up to 12% interest on your idle crypto:

  1. Log in to your secure Nexo account.
  2. Transfer assets into your Nexo Wallet. Earn on Crypto is available for BTC, ETH, XRP, BCH, LTC, BNB, EOS, LINK, XLM, TRX, PAXG, USDT, USDC, PAX, TUSD, DAI, HUSD with more assets coming soon! Important: Assets held in your Credit Line Wallet (used as collateral) will not earn interest.
  3. Earn! You will start earning interest after a minimum of 24 hours of your transfer. All interest is paid out daily. Your interest is automatically paid into your Savings Wallet so that next day you begin earning interest on it too.
  4. Enjoy your high-yield passive income.

What are the interest rates (APY)?

Your interest rate is determined by:

1. The ratio of NEXO Tokens against the balance of the other assets in your Savings Wallet.

  • if the NEXO Tokens value is below 10% of total assets held in the Savings Wallet, then there is no additional interest bonus
  • if the NEXO Tokens value is above 10% of total assets held in the Savings Wallet, then you receive a 1% bonus interest on your cryptocurrencies and 2% bonus on stablecoins

2. The cryptocurrency interest is paid:

  • if the interest earned is paid in kind (the same cryptocurrency), then there is no additional bonus
  • if the interest earned is paid in NEXO Tokens, then you receive a +2% bonus on interest on all your holdings

How is your interest calculated?

Your interest is credited into your Savings Wallet daily and is then calculated in your upcoming interest transactions.

Daily Interest = Principal amount (in original cryptocurrency) x (APY/365)

How can I calculate the Nexo token staking required for higher interest rates?

You will need to stake NEXO Tokens worth 10% of the total value of assets in your Savings Wallet to be eligible for higher interest rates.

The exact amount of NEXO Tokens required for the bonus interest rates in any given moment will depend on the token price and will be displayed in the Total Interest Earned section.

How can I activate earning interest in NEXO Tokens for higher interest rates?

Please follow these steps:

  1. Log in to your Nexo account.
  2. Then click on "My Profile".
  3. Clink on "Settings."
  4. Choose "Interest payout in NEXO tokens."
  5. Congratulations you activated a +2% interest bonus on all assets held in your Savings Wallet.