The standard Earn Interest rate is 4% for fiat and crypto assets and 8% for stablecoins.
How to get a higher interest rate on stablecoins?
In order to receive 12% interest on your stablecoins, you have to:
- Stake NEXO Tokens worth 10% of the total value of assets in your Nexo account to be eligible for higher interest rates. In other words, you have to be in the Platinum tier of our Loyalty Program. You will automatically receive an extra 2% on your fiat and stablecoins and +1% on your cryptocurrencies compared to the standard rate.
- If you choose to Earn Interest in NEXO Tokens instead of in-kind (same cryptocurrency), you will receive an additional +2% interest on all your assets held in Savings Wallet.
Example:
The Total Value of your portfolio excluding NEXO Tokens = 9 000 USD
Value of NEXO Tokens required for you to get the highest interest = 900 USD (10%)
The Total Value of all assets = 9 900 USD
How to get a higher interest rate on fiat assets?
In order to receive 12% interest on your fiat savings, you have to:
- Reach the Platinum tier of our Loyalty Program.
- Choose to Earn Interest in NEXO Tokens.
- Choose three (3) months long term deposit.
How to get a higher interest rate on crypto assets?
In order to receive 8% interest on your crypto assets, you have to:
- Reach the Platinum tier of our Loyalty Program.
- Choose to Earn Interest in NEXO Tokens.
- Choose three (3) months long term deposit.
How many NEXO Tokens I need to reach a higher loyalty tier?
The exact amount of NEXO Tokens required for each of our loyalty tiers at any given moment will depend on the token price and will be displayed in the ‘Nexo Loyalty Levels’ screen:
How to activate the option to EARN Interest in NEXO Token:
1. Log in to your Nexo account.
2. Then click on "My Profile".
3. Clink on "Settings".
4. Choose "All interest paid in NEXO Tokens".
5. Congratulations, you activated a +2% interest bonus on all assets held in your Savings Wallet.
IMPORTANT:
- Earn in NEXO is currently unavailable to US citizens and residents due to regulatory restrictions.
- Оur Earn product is temporarily unavailable for:
- All clients residing in the state of New York (effective August 16, 2021)
- Clients residing in the states of Kentucky, Arkansas, Texas, New Jersey, Alabama, and Washington who have signed up after August 2, 2021.
- Clients residing in the state of Oklahoma who have signed up after October 13, 2021.
- Clients residing in the state of Vermont who have signed up after October 20, 2021.