Buy NEXO (NEXO) at Lowest Price

What Is NEXO?

NEXO Exchange is a financial institution for digital assets with over 12 years in fintech and over $2 billion worth of processed transactions. The services are provided in 40+ fiat currencies and in more than 200 jurisdictions. Within this system, the NEXO token is used as collateral for loans. What makes this currency unique is its dividends. 30% of the company’s profits are shared with holders in the form of dividends. So far, there have been two dividend distributions worth $3.5 almost million.

Here is what Nexo is trying to achieve:

• Prevent digital assets from sitting idly;
• Offer greater flexibility for owners when it comes to value appreciation/depreciation;
• Ensure transparency and immutability of loan-related procedures;
• Eliminate credit rating devaluation issues.

The NEXO coin is an ERC20-based token, which means it can be stored in any Ethereum-compatible crypto wallet. But if you want to access Nexo’s loan system, you will need to use the Nexo Wallet app.

The initial distribution took place in February 2018 in the form of an airdrop. Then, in March 2018, Nexo carried out an ICO pre-sale and finally - ICO token sale - in April 2018. 525,000,000 NEXO coins were distributed during this period. The token is positioned as SEC-Compliant, i.e., in line with Securities and Exchange Commission Regulation D Rule 506(c). However, bear in mind that tokens can only be registered as restricted securities.

FAQ

How is the price of NEXO determined?

The NEXO price against fiat currencies fluctuates almost on a daily basis. Here are some of the major factors that contribute to this instability:

• Supply vs. demand: The higher the demand, the higher the price.
• Availability on cryptocurrency exchanges: More listings equal better trading volume.
• Mass adoption: The more users choose NEXO, the more traction the project receives.
• Competition in the crypto space: NEXO needs to have a superior solution compared to similar services.

Can you buy NEXO without KYC on Changelly?

Not always. The procedure is ultimately operated and enforced by payment providers. So, depending on the payment method you choose when buying NEXO tokens, you will or will not be asked to pass KYC verification. The instructions should pop up when you pick the currency and your payment provider details.

Can I buy less than 1 NEXO?

On crypto exchanges, one NEXO is worth approximately 3.8 USD. Since it’s a fairly low valuation, especially when you compare it to market leaders like Bitcoin or Ethereum, a fraction of a coin will be a very small amount. That is why we don’t offer transactions that are worth less than a token. In fact, the lowest you can go is 13.165 NEXO tokens, equivalent to about 50 USD. If the project suddenly skyrockets and a fraction of a token costs a decent amount, you will most likely be able to purchase a half, a third, or some other portion.

What are the fees to buy NEXO?

First of all, we need to clarify the fee structure for all exchanges. Cryptos have a so-called network fee, which is a miner reward. In the case of NEXO, each transaction is charged 24.31941763 NEXO, no matter the size of the transaction.

The other fee you pay to exchange NEXO is the platform fee. This type of fee is calculated as a percentage of a transaction. They vary depending on which one of our partners you go for - if you choose Moonpay, a total fee will be 7.5%; if you choose Indacoin, it will be 10%. You will see the best offers with all fees automatically calculated.

Where can I store NEXO?

Web-based and hardware-based wallets are the most popular ways to store your crypto assets. The difference between the two is that digital wallets store your keys on a server. With a cold wallet, private keys are stored in a protected area of a microcontroller, and they are not transferred out of the device. In any case, it’s strongly encouraged to move your NEXO coins out of the exchange.

What is the best NEXO wallet?

The majority of NEXO assets is stored on the Nexo Wallet. As we’ve mentioned, the native app offers users a lot of benefits, including discounts and dividends from holding. If this option is not for you, then consider MyEtherWallet and Atomic Wallet, which are also fairly popular in the Nexo community.

Some crypto investors share concerts about digital wallets and feel that their funds need to be protected better. This is the case for a hardware wallet. NEXO coins can be securely stored on offline devices like Trezor and Ledger.

How to cash out NEXO?

Unfortunately, you can’t get cash directly from a crypto exchange. You will need to sell your cryptocurrencies, in this case, NEXO, for fiat. The good news is that you can easily do it via Changelly’s website or app. For this, click or tap on the ‘Sell’ tab (on the main page) and go through the required steps. Once the transaction is finalized and you receive your funds in the bank account, proceed to the next stage.

Locate an ATM in your area and make a cash withdrawal there. Alternatively, go to a branch or your bank and request a cash withdrawal there.

Can I buy NEXO with PayPal?

Currently, PayPal is very limited in its support for tokens. For one, any crypto operations are only available for US residents. Next, there are only four cryptocurrencies supported on the platform - BTC, ETH, LTC, and BCH. And the final restriction is for account-to-account transfers. For now, you can only hold the crypto that you buy with your personal account. You can buy, sell, or use crypto for payments - but not NEXO.

Hopefully, the offering will be enhanced in the near future. According to PayPal’s website, they are working on expanding to global markets, but there is no news about the NEXO coin.