Nexo Exchange Review
Verdict: Nexo has good fiat onboarding options and low fees. In fact, they cover all trading fees aside from the 0.75% spread on charges. The Nexo exchange only offers 75 trading pairs, so it's only really suitable if you're looking to stick to the top currencies. It's best for people looking to buy/exchange top currencies, and hodl long term in their crypto savings accounts.
8/10
(Expert Score)
🥇
Product is rated as #2 in category Exchange
Nexo has an in-app exchange that supports up to 75 currency pairs on popular cryptocurrencies, stablecoins and EUR/GBP. This is quite limited compared to mainstream exchanges, however if you want to stick to the top cryptocurrencies and you're just looking to hodl, this could be an easy, low cost option which allows you to take advantage of Nexo's interest bearing accounts.
One of the things we like most about the Nexo exchange is You pay no fees on your trades. Nexo covers all expenses related to transferring funds and executing orders on the third party exchanges used for the trades. The only fee charged is a 0.75% spread, which is very reasonable even compared to the bigger exchanges.
PROS:
- Very low fees, with most covered by Nexo, except the spread of 0.75%.
- Good fiat onboarding options.
- Good user interface and app.
CONS:
- A low number of supported assets compared to other exchanges.
- App has been known to be buggy.
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