Buy $100 worth of crypto and get a bonus $10

  • Trade crypto and digital assets
  • Significant sign-up bonuses
  • The most trusted finance platform

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) &USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Lending vs

Both and are focused on providing various crypto financial services to their users, with a focus on simplicity and beginner friendliness. The people behind Nexo have extensive experience in the online space that dates back to before Bitcoin was even invented. has created a one-stop shop for cryptocurrency services including both lending and interest earning accounts. Overview

Cryptocurrency is still a difficult topic to understand for most people, which is why’s focus on providing easy-to-use cryptocurrency applications for newcomers has proven to be so successful. Unlike most other crypto lending platforms, is focused on much more than simple borrowing and lending functionality. The platform provides a wide variety of additional functionality, such as cryptocurrency trading and their own native token, which is not found on most other crypto lending platforms. Exchange Pros & Cons


  • The platform’s Visa Debit card provides a number of strong incentives and cashback rewards for its users

  • A wide number of different cryptocurrencies and stablecoins are supported by this platform

  • A referral program enables yet another potential source of revenue for users

  • Rates offered on both loans and interest accounts are competitive


  • The best rates and features for various offerings are only available to holders of the MCO token

  • Many parts of the platform can only be accessed from mobile devices Exchange Lending

  • Premiere crypto-lending platform with big earning potential
  • Proprietary Visa card that offers crypto cash back
  • Works in conjunction with Exchange and coin CRO
  • Available in USA, Europe and more
Minimum Loan Amount $100
Max Interest Available 14.5% Overview

While Nexo is still a relatively new platform in the world of crypto lending, the people behind this project have been working in the online lending space since 2007. This platform focuses on providing instant loans and interest earnings to their customers, and the platform is fully licensed, regulated, and insured. logo Pros & Cons


  • This platform focuses on providing loans to their customers as quickly as possible

  • Nexo works with BitGo in order to make sure customer funds are always safe

  • Offers some of the lowest rates on the market for crypto loans

  • Interest payouts are made on a daily basis


  • This platform does not have an integrated exchange

  • The rate of interest paid out to interest accounts is lower than what is available on other platforms

Nexo Logo


  • Easy to use, simple crypto lending platform
  • Fully insured, licensed & regulated
  • Buy, borrow, earn or swap crypto
  • Allows customers to borrow in 45+ different currencies
  • Nexo Debit Card works using Mastercard technology
Minimum Loan Amount $500
Max Interest Available 8%

Beginner Friendliness

Both and are focused on providing crypto financial services that are easy enough for the average Joe or Jane to understand. Having said that, if a user simply wants a platform that offers lending services, could be confusing since it provides a wide variety of different crypto financial services.

With Nexo, the platform is laser focused on providing a simple interface for people who just want to borrow crypto or put down some crypto collateral for a potential loan. Additionally, the people behind Nexo have been working in the online lending industry since 2007, so they come with a level of experience in this space that is completely unmatched. Beginners who are looking to get started with crypto lending may want to just download the Nexo app on their smartphone and take things from there.

Both of these platforms also offer Visa debit and Mastercard debit cards, which can make things extremely easy for users who want to borrow against their crypto holdings.

Trust & Security

Both Nexo and take security very seriously, which is always a good sign when dealing with handling people’s crypto assets. Those who are looking to choose a platform based on security would be splitting hairs when comparing Nexo to

On Nexo, the security of user funds is handled by BitGo, which is one of the most reputable, longest-standing companies in the crypto custody space. With, custody of user funds is taken care of by Ledger Vault, which is associated with the company behind the Ledger hardware wallets. In both cases, insurance is offered on users’ crypto asset holdings, with securing $360 million worth of total insurance on their customers’ holdings. BitGo has $100 million worth of insurance protections for their customers.

Sign-up Process

With any crypto lending platform, you’re going to have to hand over some personal information in order for the company behind the financial services offering to verify your identity. That said, the way this process works can vary from platform to platform.

With, users will need to download the app on their Android or iOS smartphone before they’re able to do anything. Through the app, the user will need to share an email address and then confirm that email address with After that, the same process will need to be completed with a phone number via text message confirmation. This is the basic information that is needed to create an account, but more information must be provided in order to gain access to many of the financial services offered by the platform.

With Nexo, it’s a much more streamlined process. They have been providing loans to online customers for more than ten years, and their entire business model is creating a situation where loans can be approved and made available to customers as quickly as possible. The user verification process is instant and completely automated (unless some issue pops up), and this verification process is all that is needed to gain access to loans of up to $10,000.

Available Cryptocurrencies

Both of these platforms offer functionality to a fair number of different crypto assets, with each platform able to deal with a little over 20 different cryptocurrencies. Having said that, it should be noted that the functionality of traditional cryptocurrencies is somewhat limited on Nexo, as only stablecoins can currently be used as deposits for interest-bearing accounts.

Both of these platforms also have their own proprietary tokens. With Nexo’s token, the functionality is mainly around the ability to earn Nexo dividends on a regular basis. Users of the NEXO token are also able to gain access to discounts on interest payments when they use the proprietary token to make payments.

On, the CRO and MCO tokens are used to gain access to lower fees, bonuses, and more on the platform’s various financial services offerings. has included the ability to store, trade, and transact with dozens of the most popular cryptocurrencies. They have even integrated several stablecoins for currencies such as GBP, EUR, CAD, and USD.

Highest Interest Rates Available and Lock-in Terms

Users on Nexo are able to gain access to interest accounts that pay out at a rate of 10% per year. However, it should be noted that this rate is only available for fiat currencies and stablecoins. Users who are depositing traditional cryptocurrencies will only be able to earn 5% per year on their holdings. On the positive side, Nexo doesn’t have strict policies in place when it comes to lock-in terms. Users are only required to have funds deposited for 24 hours, although they’ll need to pay back their loan if they wish to gain quick access back to their crypto deposit.

With, a tier-based system is used to determine rates for interest accounts. The highest rate available on the platform is 18% APR for CRO deposits that are locked in for three months. Users are able to choose between 3-month, 1-month, and flexible time periods for their interest accounts. The flexible timeframe will basically allow the user to opt-out of the interest-bearing account whenever the user wishes, but the interest payments on this time of account are lower. In terms of traditional cryptocurrencies, the three-month interest account pays out 8% interest per year.

Standout Features’s standout feature is definitely its card offering, which combines with their MCO token to offer rather incredible benefits to its users. For example, those who are using the highest tier of’s cards will get 5% cashback on all card spending, although those cashback payments will be received in the MCO token. Users also need to stake large amounts of MCO in order to gain access to these rewards. Users should be careful when it comes to gaining access to these rewards. If the price of MCO sees a steep fall, it has the potential to lead to losses that may not outweigh the benefits found with the card program.

For Nexo, the best feature is the streamlined loan process that the company has built, which is based on over a decade’s worth of operating in the online lending market prior to their involvement in the cryptocurrency industry.


Choosing between Nexo and will depend on which specific features you’re looking for in a crypto lending platform. With Nexo, you’ll get simplicity combined with some of the best rates on the market. Beginners will likely be better off with this platform. More advanced users who understand the risks of getting involved in a platform that offers many features on financial services will want to take a closer look at’s offerings. Some of their rewards, discounts, and benefits may be too good to pass up.

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