Buy Nexo: A Comprehensive Guide on How to Buy NEXO – Best Exchanges & Brokers

Nexo, a leading crypto-backed lending platform, has gained significant traction since its launch. Its innovative approach and passive income opportunities attract many investors. We’ll show you simple, fast, and secure ways to buy and store NEXO tokens. To keep things short, we think that Coinbase is the best option to buy NEXO. Why Coinbase?

The following table explains why Coinbase is the best choice for buying NEXO.

Buy NEXO on Coinbase

Coinbase is a regulated crypto custodian with licenses around the world. This means Coinbase meets strict security standards and is supervised by financial authorities. Even BlackRock, the world’s largest asset manager, entrusts Coinbase with the custody of digital assets for its institutional services. This speaks to the extremely high level of security Coinbase provides.

While you have the flexibility to use external wallets, Coinbase provides a highly secure environment for storing your NEXO tokens. Unlike some platforms that impose delays on withdrawals, Coinbase processes them immediately, giving you quick access to your funds.

Cost-effectiveness is another advantage. Coinbase’s fees are remarkably competitive at 0.15%, significantly lower than the industry average. To put this into perspective, other exchanges may charge significantly higher fees for crypto transactions.

Coinbase prioritizes user security with features like two-factor authentication, adding an extra layer of protection to your account. They also offer customer support, typically responding within 24 hours. (We can personally vouch for their support team’s efficiency and helpfulness.)

The platform itself is designed with user-friendliness in mind. Its intuitive interface caters to both novice and experienced traders. And with dedicated apps for Android and iOS devices, you can manage your NEXO holdings and execute trades conveniently from anywhere.

Coinbase is one of the most popular and user-friendly platforms to buy NEXO tokens. Here’s how you can buy NEXO easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before you can start buying NEXO, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You will be prompted to enter your name, email, and a password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires you to verify your identity in order to comply with regulatory requirements. You will need to upload a government-issued ID and provide personal details like your address and date of birth. This process may take a few minutes to complete.

Step 3: Add a Payment Method

To buy NEXO, you need to link a payment method. Coinbase supports several options, including:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees are typically higher than bank transfers.
• PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.

Step 4: Buy NEXO

Once your account is set up and your payment method is linked, you’re ready to buy NEXO!

1. On the Coinbase dashboard, navigate to the “Buy/Sell” section.
2. Select NEXO from the list of available cryptocurrencies.
3. Enter the amount of NEXO you wish to purchase, either in your local currency (e.g., USD, EUR) or NEXO tokens.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your NEXO Securely

After purchasing NEXO, it will be stored in your Coinbase wallet. For added security, it’s recommended to transfer your NEXO to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.

Benefits of Buying NEXO on Coinbase:

• User-Friendly Interface: Coinbase is known for its intuitive design, making it easy for beginners to navigate.
• High Security: Coinbase uses industry-standard security measures such as two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
• Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.

Buy NEXO on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its high security and user-friendly platform. Previously, it was not possible to directly buy NEXO tokens using Euro (EUR) or US Dollars (USD) on Binance. However, this has now changed, and you can easily purchase NEXO with a credit card or trade it using different cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance offers the option to verify your identity. This is not mandatory, but completing the verification process will allow you to increase your daily withdrawal limit. Without verification, the daily limit is lower, but you can still use all the other platform features.

Step 2: Buy NEXO with a Credit Card

To buy NEXO via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose NEXO as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

• NEXO Price Fluctuation: The NEXO amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Binance’s third-party provider.
• Transaction Fees: Binance’s provider charges a small fee per transaction, which is generally lower than other platforms.
• Transaction Limits: The daily limit for purchases varies based on your account verification level. Higher limits are available for verified users.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history directly through Binance.

Step 3: How to Trade NEXO on Binance

If you already have other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for NEXO tokens. Here’s how to exchange Ethereum (ETH) for NEXO:

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Coinbase or Kraken and then transfer it to Binance.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You will see your unique Ethereum wallet address, which you can use to transfer your Ethereum from another wallet or exchange to Binance.
4. Exchange Ethereum for NEXO: Once your Ethereum has arrived in your Binance account, you can trade it for NEXO by going to the “Markets” tab, selecting “ETH/NEXO,” and placing an order.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Make sure to fully understand leverage before using this feature.
• Security: Ensure you activate two-factor authentication (2FA) to protect your account. Binance offers various security features like cold storage for crypto funds and insurance coverage in case of major losses.

Buy NEXO on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. This means Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Kraken is trusted by institutional investors, including major entities in the financial world, for the custody of cryptocurrencies, which highlights the extremely high level of security Kraken provides.

Kraken offers the flexibility to use external wallets, but it also provides a highly secure environment for storing your NEXO tokens. Unlike some platforms, Kraken processes withdrawals swiftly, allowing you to access your funds promptly.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s trading fees are structured in a tiered manner, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which are notably lower than many competitors in the market.

User security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also offers customer support that typically responds quickly, providing assistance whenever needed.

Kraken is designed to be user-friendly, accommodating both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, enabling you to manage your NEXO portfolio and execute trades conveniently on the go.

Kraken is one of the most trusted and secure platforms to buy NEXO tokens. Here’s how you can buy NEXO securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying NEXO, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You will be asked to enter your name, email, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is necessary for your security and may take a few minutes to complete.

Step 3: Add a Payment Method

To buy NEXO, you must link a payment method. Kraken supports several payment options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.

Step 4: Buy NEXO

Once your account is set up and a payment method is linked, you’re ready to buy NEXO tokens!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select NEXO from the list of cryptocurrencies.
• Enter the amount of NEXO you’d like to purchase, either in your local currency (e.g., USD, EUR) or in NEXO tokens.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your NEXO Securely

After purchasing NEXO, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your NEXO tokens to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping them on Kraken, an online exchange.

Benefits of Buying NEXO on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy NEXO n Kriptomat

About Kriptomat

In contrast to the established broker eToro, Kriptomat is a comparatively young crypto exchange, but no less trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies, including NEXO, directly via Euro, USD, etc., and also send them directly to an external wallet. It is important to know that trading is currently restricted to Europe, so investors from, for example, the USA are not allowed to use the platform.

The focus is on an easy-to-use and modern user interface that allows anyone to buy and trade cryptocurrencies. Therefore, Kriptomat is our top recommendation, especially for beginners! As far as security and regulatory compliance are concerned, Kriptomat holds two licenses from the Estonian government, reinforcing its trustworthiness.

Furthermore, there is another unbeatable advantage of Kriptomat: the fees. Unlike other exchanges and brokers, Kriptomat does not charge a price premium. Your purchase price corresponds to the spot price of NEXO. Kriptomat only charges a nominal fee per transaction, which is always transparently displayed during the buy order process.

Set up a NEXO account on Kriptomat

First of all, you should know that Kriptomat adheres very closely to the legal requirements of the European Union and therefore requires complete identity verification. In order to buy NEXO tokens on Kriptomat, you first need to create an account. To do so, go to the official website and click on the orange “Register”* button. A pop-up window will open where you must enter your first and last name, an email address, and a password for the exchange.
Kriptomat will then send you an email with a confirmation link. By clicking the link, you verify your account. Once this is done, you can log in to your Kriptomat account using the credentials you just entered. However, the registration process is not yet complete.

Before you can buy NEXO tokens and use further features of the exchange, you must enter and verify your phone number. Kriptomat will send an SMS verification code, which you must enter on the website.

The next step involves full identity verification due to strict EU compliance regulations. To start the process, click on the relevant prompt (see screenshot).

A new pop-up will open, requiring you to enter your address (street, house number, city, country) and upload a photo or scan of your passport or ID card. Kriptomat offers an elegant and fast mobile verification solution. Simply click on the provided link, and Kriptomat will send an SMS link to continue the verification process on your smartphone.

You can then take a photo of your ID (front and back) with your smartphone and upload it immediately. The final step involves verifying your identity via a live selfie. Kriptomat will request access to your camera, allowing you to take a selfie directly through their platform.

If you wish to buy cryptocurrencies via SEPA bank transfer, you must link a bank account to your Kriptomat account. This allows you to deposit funds and then use your available balance to buy NEXO and other cryptocurrencies. However, if you use Neteller, Skrill, or a credit card, you can buy NEXO instantly without adding a bank account.

Once you have completed the full registration and verification process, the following purchase limits will be available to you. Unlike other exchanges, Kriptomat does not have different verification levels, as the full KYC process is completed upfront.

Buy NEXO on Kriptomat

Buying NEXO tokens on Kriptomat is simple and intuitive. First, go to the “Buy/Sell” tab (Step 1), then select the “Buy” tab (Step 2). In the visible section, select NEXO to purchase it.
You can then choose from four different payment methods (Step 3). If you select SEPA bank transfer, you must first add a bank account to deposit funds. However, the other payment options (credit card, Neteller, Skrill) allow you to buy NEXO instantly without needing to enter additional details.

In Step 4 (see screenshot), enter your desired purchase amount for NEXO tokens. After clicking on “Buy NEXO”, you will see the transaction fees for your order. To finalize the purchase, click “Confirm transaction”.

Kriptomat will confirm your purchase and redirect you to your “My Wallet” section. Within a few seconds, your NEXO balance will be displayed.

Buy NEXO at Anycoin

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell NEXO tokens and other cryptocurrencies. It caters to both beginners and more experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for new users to start trading and for more experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies, including NEXO, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, allowing you to diversify your portfolio easily.
3. High Security Standards: Security is a priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your crypto holdings are safe from external threats.
4. Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to minimize costs while trading digital assets.
5. Multiple Payment Methods: Users can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing users to purchase cryptocurrencies without long delays. This quick access to funds is a major benefit for those who need to act fast in the market.
7. Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it’s also recommended to use your own personal wallet for added security. This can include hardware wallets or other types of secure storage.
8. Dedicated Customer Support: Anycoin offers customer support, providing assistance with any issues or inquiries that might arise during your experience on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go.

How to Buy NEXO on Anycoin:

1. Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin will ask you to complete a verification process to comply with regulatory requirements. This may involve submitting a government-issued ID and some personal information.
3. Link a Payment Method: To buy NEXO tokens, link a payment method to your account. Anycoin supports various payment options, such as bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select NEXO, and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
5. Store Your NEXO Securely: After buying NEXO, it will be stored in your Anycoin wallet. However, for extra security, it’s recommended to transfer your crypto to a personal wallet (e.g., a hardware wallet) for safe storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: With its user-friendly interface, Anycoin makes cryptocurrency trading accessible to everyone, including beginners.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your funds are safe.
• Variety of Cryptocurrencies: You can easily buy NEXO and other major cryptocurrencies on Anycoin.
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
• Quick Transactions: The platform processes transactions quickly, providing fast access to your purchased assets.

Buy NEXO at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as NEXO tokens, Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leverage trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and long-term investors.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options, enabling users to amplify their positions and increase potential profits. However, leverage trading comes with higher risks, so it should be used cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design helps users navigate trading tools easily.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses in extreme market conditions.
6. Mobile App: Bybit offers mobile apps for Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps have many of the same features as the desktop platform, providing flexibility for traders.
7. Fast Transactions: Bybit offers quick and seamless transactions, with order execution speeds often cited as one of the fastest in the industry. This ensures that trades are executed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform.
9. Customer Support: Bybit provides 24/7 customer support through live chat, email, and other communication channels, ensuring that assistance is readily available.

How to Buy NEXO on Bybit:

1. 1. Create an Account: Start by visiting the Bybit website and clicking *”Sign Up.”You’ll need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
   2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This involves uploading a government-issued ID and providing personal information to verify your identity.
   3. Deposit Funds: Once your account is set up, you need to fund your account. Bybit supports deposits in several cryptocurrencies, including USDT (Tether), Ethereum (ETH), and Bitcoin (BTC). You can deposit these digital assets directly into your Bybit wallet. 4. Buy NEXO: To buy NEXO tokens on Bybit:
      • • Navigate to the “Spot” trading section on the platform.
        • Select NEXO as the cryptocurrency you wish to purchase.
        • Choose your trading pair (e.g., NEXO/USDT).
        • Enter the amount of NEXO tokens you want to buy and review the transaction details.
        • Confirm the purchase to complete the transaction.

      5. Store Your NEXO Securely: After purchasing NEXO, you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your NEXO tokens to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping them on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading, leverage trading, and futures contracts, along with access to a wide range of crypto assets.
• Fast Execution and High Liquidity: The platform provides fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets.
• Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund to protect traders.
• Mobile Trading: Bybit’s mobile apps allow users to trade and monitor their portfolios from anywhere.
• Competitive Fees: Bybit offers low trading fees, making it an attractive option for traders looking to minimize costs.
• 24/7 Support: Bybit provides round-the-clock customer support to help resolve any issues or concerns quickly.

Best NEXO wallet: Atomic

When using a desktop wallet, we have had very good experiences with the Atomic Wallet for storing NEXO tokens securely. We will show you briefly how to download and use it. First, go to the official site and download the wallet (click!). Clicking the link will take you to the website where you can download the wallet. Scroll down slightly and then click on the “Download Atomic Wallet” button.

Now you will land on a page where you must choose the appropriate wallet version for your operating system. If you are using Windows, you will need to download the Windows version. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you want the app for Android, you need to select this installer accordingly:

Once the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and then click on “Install”. The installation should not take longer than 2 minutes. When the installation is complete, click “Close”.

Congratulations! The wallet is now installed.
To start the Atomic Wallet, double-click on the Atomic Wallet icon on your desktop. The software will first ask you whether you want to create a new wallet or restore an existing one.
As a new user, select “Create New Wallet.”

At this stage, you will be prompted to set a secure password for your wallet. Choose a strong password that includes letters, numbers, and special characters. This password will be used every time you open the wallet, so make sure you store it safely.

Once your password is set, Atomic Wallet will generate a 12-word seed phrase for recovery. This seed phrase is extremely important because it acts as the backup key to your wallet if you lose your password or your computer breaks down.

Write down the 12-word seed phrase on paper and store it in a secure place.
DO NOT store it on your computer or take a screenshot, as this poses a security risk.
If you ever need to restore your wallet, you will use this seed phrase.

After entering your seed phrase and confirming it, your Atomic Wallet is fully set up!

How to Receive NEXO Tokens in Atomic Wallet
Now that your wallet is set up, you need to find your NEXO receiving address.

Open the wallet and click on the “Receive” tab.
Search for “NEXO” in the list of available cryptocurrencies.
Click on “NEXO”, and you will see a wallet address (a long string of characters).
Copy this address and use it to receive NEXO tokens from exchanges like Binance, Kraken, or Coinbase.

After copying your NEXO wallet address, you can paste it into the withdrawal section of your crypto exchange to transfer your NEXO tokens into Atomic Wallet.

Once the transaction is confirmed on the blockchain, your NEXO balance will appear inside the wallet.

Additional Security Measures for Atomic Wallet
If you want extra security, you can enable two-factor authentication (2FA) using Google Authenticator or SMS verification.

To activate 2FA, go to Settings > Security and follow the instructions. This will add an additional layer of protection to your NEXO wallet.

Final Thoughts
By using Atomic Wallet, you get full control over your NEXO tokens with no third-party risks. Unlike exchanges, which can freeze funds or impose withdrawal limits, a non-custodial wallet like Atomic ensures that only you have access to your private keys.

If you have any questions, feel free to write us a comment, and we will be happy to help you!

 

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