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Nexo Wallet

Nexo is an instant crypto loan platform that gives users fast and easy access to cash. The NEXO token is used to source discounts and benefits, making it an attractive investment for crypto fans that want a diversified portfolio. 

Whether it’s your first foray into cryptocurrencies or you have been in the game a long time, you need a secure and simple wallet to purchase NEXO and keep an eye on your portfolio. Zengo does it all. It’s a non-custodial wallet that combines state-of-the-art security technology with a user-friendly and intuitive design to make crypto investing easier and faster than ever before. 

All it takes is a few swipes or taps to trade on the go, even if you are completely new to the cryptocurrency space. Buy, view, trade, send or receive NEXO and many other supported currencies directly from your mobile phone. There’s a team of support agents standing by (live and in-app) to offer guidance every step of the way.

Nexo crypto wallet

What Can You Do With a Nexo (NEXO) Wallet?

You need a crypto wallet to access and buy new coins and tokens. But Zengo does more than your average NEXO wallet. Analyze the market, trade, buy, send or receive NEXO at any time with just a few taps. Here are a few things you can do with your Zengo wallet: 

View Your Nexo (NEXO) Portfolio

You probably know by now that the market for cryptocurrencies can change in a few minutes. The best way to stay on top of fluctuating marketing conditions is to keep a close eye on your portfolio. Zengo lets you view and control all the coins in your portfolio as well as historical charts directly from your mobile phone. 

Send and Receive Nexo (NEXO)

Active participants in the Nexo community need the flexibility to send and receive Nexo at any time. Zengo lets you send NEXO to anyone with just a few taps from the home screen. If you are the recipient, just share your address with the sender, and you’ll receive a notification as soon as the coins arrive in your wallet. There are no fees, no limits! 

Buy Nexo (NEXO) Tokens on Zengo

Zengo is a simple and safe way to get started with Nexo and other supported currencies. Swipe the NEXO asset on your home screen, follow the prompts, select your preferred payment method and buy! 

Fiat to NEXO Gateway

With Zengo, you can buy NEXO with real fiat currencies (US dollar, pound sterling, Euro) at any time. There’s no red tape and many payment methods to choose from, enabled by trusted payment partners. 

Buy Nexo (NEXO) Tokens With Credit Card or Wire Transfer

You can purchase NEXO through our trusted and fully vetted payment partners. There are several convenient payment options, including major credit cards, SEPA, mobile payment apps, and even bank transfers (if you are based in the UK or EU, with applicable minimum amounts). 

Holding Nexo (NEXO) Tokens

If you see the currencies in your portfolio gaining traction, you might want to hang on to them until you can cash in for a big payout. This is called holding (or, in the crypto world, HODLing). Zengo will keep your coins securely in your wallet until you are ready to transact. 

Trade or Exchange NEXO for Doge, Ether, Shiba Inu, and Other Coins and Tokens

You don’t have to limit yourself to NEXO when you use Zengo. You can trade NEXO for any of the dozens of supported assets available in Zengo, including Tether, Bitcoin, DOGE, Ether, and Shiba Inu. 

Competitive Interest Accounts for Various Crypto Coins

Interested in earning interest? Zengo’s savings service enables investors to earn interest on their investments. This only applies to specific coins at present, but new currencies are added regularly, so watch this space!

Top 10 Things You Should Know About Nexo (NEXO)

Nexo is an interesting crypto token to explore. Here are ten things you should know about NEXO: 

1. What Is Nexo?

Nexo is the world’s leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering an Exchange service with 300+ market pairs, tax-efficient Instant Crypto Credit LinesTM, a high-yield
Earn Crypto Interest suite, and sophisticated trading and OTC capabilities

2. Who Created Nexo?

Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev, CFA created the company. The three of them have decades of experience in fintech, corporate finance, and entrepreneurship and founded Nexo with the goal of providing quality financial services using the potential of blockchain technology. 


3. Why Was Nexo Originally Created?

Nexo was created to resolve a number of digital asset ownership issues. By providing secure access to fiat currency loans (in USD, JPY, or EUR) but allowing investors to hold their crypto assets, investors enjoy greater liquidity and flexibility from their valuable digital assets. 

4. Who Can Take Out a Loan With Nexo?

Anyone can take out a loan with Nexo, provided they have a Nexo-compatible wallet and register on the Nexo platform. There are no credit checks, but you need some form of collateral and have to verify your identity online. 

5. When Was Nexo Introduced?

Nexo was launched in April 2018 after an oversubscribed private token sale and issued its first crypto-backed credit line shortly after. As a natural extension to the lending product offering, Nexo recently rolled out the Nexo Card in partnership with Mastercard — the only card that lets its users spend while keeping their digital assets. 

6. How Many Tokens Were Created?

Until today, there’s a circulating supply of 560,000,011 NEXO Tokens and a maximum supply of 1 billion NEXO coins. 

7. What Kind of Blockchain Does NEXO Run On?

The Nexo platform runs on the Ethereum blockchain. Tokens are issued under the ERC-20 standards. 

8. Does Nexo Have an Online Community?

Nexo has a vibrant community that meets at real-life events, chats online and shares insights. You can find out more at nexo.io/community, or join the Twitter and Telegram official communities.

9. Where Can I Use Nexo In Real Life?

While you can’t make retail purchases with Nexo, you can gain access to fiat loans or apply for a Nexo credit card that is accepted by over 40M merchants worldwide and offers 2% cashback bonuses. 

10. Can You Mine NEXO?

You can mine NEXO with an ASICs mining rig, which can be quite pricey. It’s far more profitable to acquire your NEXO through trading. 

What Are the Features of Nexo (NEXO)?

NEXO encourages users to HODL their coins through buyback, loyalty, and interest programs.

NEXO coins held as collateral earn interest.

Borrowing rates on the NEXO platform start from 0%.

NEXO tokens aren’t burnt, but they are removed from circulation for a number of years as part of the NEXO buyback program to increase its value.

Holding NEXO tokens gives users the ability to participate in Governance votes, with 1 NEXO = 1 Vote.

Fun Facts About Nexo (NEXO)

Co-Founder Antoni Trenchev is a former member of the National Assembly of the Republic of Bulgaria.

Nexo offers its services to clients in over 200 countries.

Nexo has one of the most comprehensive insurance protections on custodial assets, currently sitting at $775 million.

Nexo was the first crypto lender to start offering NFT-backed loans against Bored Apes and Crypto Punks.

Why Choose Zengo?

Zengo is a one-stop-shop for all your cryptocurrency needs. The wallet has several unique features that make trading a breeze, whether you are highly experienced or a complete beginner.

Portfolio Accessibility

With Zengo, you can access your crypto portfolio at any time. Buy, trade, view, or send Ethereum to friends and family on the go, whenever you need to. Unlike other wallets, there are no minimums, no maximums, and no expensive transaction fees. Just safe and simple transacting.

NEXO Keyless Wallet Security

ZenGo uses a powerful combination of facial recognition, threshold key signatures (TSS), and 3-factor authentication to keep your wallet secure against external threats like hackers.

Control your Crypto

ZenGo lets you manage your crypto as you see fit. Buy NEXO or other cryptocurrencies without fear of penalty or heavy transaction fees.

Effortless Recoverability

Zengo will be able to restore access to your wallet and your coins through its authentication methods. If you lose your device at any time, our helpful agents will help you recover access in no time. 

24/7 Support with Live Agents in-App

At Zengo, we love automation and technology but not for our helpdesk. Find live support agents directly in the app, whenever you need them. We’re available 24/7. Zengo will help new crypto investors every step of the way.

Is anything unclear?

Nexo (NEXO) Crypto Wallet FAQ

Do you still have some questions about NEXO? Check out our useful FAQs!

Let’s face it, getting started with crypto seems incredibly complicated. ZenGo makes it easy and simple so that even beginners can invest smartly from Day 1. You can buy crypto with a swipe or tap on the home screen!

The most important thing you should look out for when you are storing or holding your coins is safety. Zengo’s strict authentication protocols are a surefire way of keeping your coins safe in your wallet until you are ready to trade.

A NEXO wallet is the tool you use to access coins on the blockchain. Think of it as proof of ownership over your investment. You need a wallet to buy and receive NEXO and other crypto coins.

You can set up your NEXO wallet following ZenGo’s simple five-step process:

  1. Install the ZenGo app from your favorite app store. Click the Get Started button.
  2. Enter your email address.
  3. Check your inbox for the validation link and click the link.
  4. Follow the facial recognition verification prompts and click Back Up Now.
  5. Complete the prompts.

It’s really that easy!

You automatically receive a NEXO wallet address when you set up the ZenGO app. You can find this address by tapping the asset on the home screen. Swipe right to reveal a QR code and a string of numbers – that’s your address.

Sending crypto to someone else is very straightforward. Tap on the asset you want to send in the Zengo app, then swipe left. Enter the wallet address and the amount you’d like to gift them. Just hit Send, and they will receive the coins. If they do not have a crypto wallet, you can send them an invite. Once their wallet has been created, you can send as much ETH as you like!

Setting up a NEXO wallet account is as easy as setting up an app. Just download the app, follow the prompts and you’re all set. Your wallet address will be generated and available for use immediately.

Send ETH to a different wallet or exchange with a few simple clicks! Tap the asset on the home screen, swipe right, enter the destination address, and hit send. That’s all there is to it!

Provide a sender with your wallet address by tapping an asset and swiping right on the home screen. Once they’ve sent you the tokens, you’ll receive a notification letting you know it’s arrived.