Nexo is a secure solution where you can invest in cryptocurrencies and get a good interest. It features a grand portfolio of more than seventy different cryptocurrencies including Bitcoin, Solana, Ethereum, Avalanche, etc. If you are short on money, you can even borrow cash from Nexo at low-interest rates to invest in trending currencies. Nexo also offers various rewards to help investors in increasing profits. We will share methods to earn rewards in Nexo with you through this guide. Bitsoft 360 lets you complete crypto trades effortlessly and in a safe environment.
How to earn rewards?
In Nexo, you can earn exclusive rewards with a simple process called staking. In staking, you have to transfer the desired number of crypto tokens to your Nexo account and hold them there to earn rewards. Along with good interest rates, you can join the loyalty program that enables users to get interested in their crypto staking rewards in the native token of the Nexo platform called Nexo tokens. The interest rate will be higher if you choose this option. The process to earn rewards is the same for both the desktop and the app of Nexo. Here are the guidelines for investing and earning rewards using the Nexo website.
- Go to Nexo
- Login to your account
- Check the list of available cryptocurrencies
- Tap on the Top up button to deposit the desired cryptocurrency to your account
- Copy the address and paste it into your crypto wallet to send assets
- Once you have deposited crypto assets to your Nexo account, the interest rate will be deposited to your account right away
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For the Nexo mobile app, you have to follow these steps to invest in crypto assets.
- Open the Nexo Mobile app
- Login to your Nexo crypto account
- Go to the Wallet section
- Select the desired cryptocurrency
- Tap on the Top-up option
- Use the Address to send the cryptocurrency from your crypto wallet to Nexo
Why Stake on Nexo?
You may think that why Stake in Nexo when other options are also available in the market? Here are some benefits of staking on Nexo.
- No matter which loyalty tier you have, you will get APY and the rate remains the same for all the tiers.
- There is no minimum balance limit so invest without worrying about rewards.
- There is no gas fee on Nexo so you can make as many transfers as you want without losing any rewards.
- Low or no risk when you stake your crypto assets at Nexo.
- When you unstake on Nexo, you will get the same amount that you invested without any fee. Moreover, while you keep these crypto assets in your Nexo account, you will get interest thanks to the crypto suite.
- The APY is paid out on a daily basis.
- As soon as you transfer crypto assets to Nexo, you will start receiving the compound interest.
- These rewards are deposited directly to your credit or saving wallet.
- Even when you borrow crypto using the staked crypto assets, you will still keep getting rewards in your Nexo account for the deposited amount.