Earn Higher Interest on XRP, BNB, and AXS!

Oct 21, 2022•4 min read

Our Earn Crypto Interest product has brought you high-yield offers for both the blue-chip cryptos and the rising Web3 projects. No offer has gotten more excitement than our promo that allowed you to earn more on your Fixed Term. To reward some of the most notable and ever-growing asset communities on Nexo, we’re bringing it back! Until November 4, you can increase your yield on XRP, BNB, and AXS with our limited Fixed Terms.

The Limited Fixed Term Rates

Here are the higher rates you can earn on the limited Fixed Terms:

  • XRP: Get +5% bonus interest on a 6-month Fixed Term and a new maximum rate of up to 12% APR*
  • BNB: Get +2% bonus interest on a 3-month Fixed Term and a new maximum rate of up to 9% APR*
  • AXS: Get +10% bonus interest on a 3-month Fixed Term and a new maximum rate of up to 42% APR*

How to Earn the Higher Interest Rates?

Once you have any of the assets, moving to a Fixed Term is easy. To start earning the higher rates, make sure you complete the steps by November 4.

  1. Open the Nexo app or the web platform.
  2. Select XRP, BNB or AXS.
  3. Tap the “Manage Wallets” button and select “Fixed Terms”.
  4. Tap the “Create Fixed Term” button.
  5. Choose the new Fixed Term, enter the amount you want, and tap “Create Term”.

To see how your earnings are compounding daily, go to the Interest Breakdown window in the Wallet tab of the Nexo app. Your total earnings will be paid out at the end of the Fixed Term.

The interest rate on XRP depends on the current balance limit of the asset. This means the amount of interest you earn depends on the USD value of your XRP.

The rates shown are with “Earn in Nexo” enabled.

Ready to earn more on your XRP, BNB, and AXS?

FAQ

Who is eligible for the offer?

  • XRP, BNB, or AXS owners with assets on FLEX Terms.
  • XRP, BNB, or AXS who don’t have their assets in their Credit Line Wallet.
  • XRP, BNB, or AXS owners who have an active 1-month Fixed Term that expires before November 4. You can move your assets to the new limited Fixed Term to get the higher yields.
  • XRP owners who took advantage of the last offer and still have an active promo Fixed Term. You can continue earning the higher rates by enabling the Automatic Renewal option. If already enabled, just enjoy the next six months of higher yield.

Until when can I benefit from the limited Fixed Terms rates?

Until November 4. After that, the 3- and 6-month terms will no longer be available to lock new assets.

Upon expiration of your Fixed Term, your assets will be automatically moved to FLEX. If you want to continue earning more than the FLEX rate, you can move your crypto to a standard 1-month Fixed Term and enable Automatic Renewal.

How can I get the maximum APR for each token?

The highest rate is accessible if you are on our Platinum Loyalty tier, which means that at least 10% of your Nexo portfolio is made out of NEXO Tokens. In addition, you must choose to receive your interest in NEXO. More information about our Loyalty Program may be found here.

How can I keep track of my Fixed Term earnings?

Open the Nexo app, navigate to the Wallet tab, select your desired asset, and tap on “Manage Wallets”. Then select “Fixed Terms” and on the window that opens next, you will be able to see how much interest has been accrued up until this point on your active Fixed Term. If you have switched between earning interest in-kind and earning interest in NEXO Tokens, you will see both.

What’s the minimum amount of assets I need to keep in a Fixed Term?

It depends on which asset you want to lock in. These are the following minimal quantities for each of the three qualified assets:

  • 5.00 for XRP
  • 0.05 for BNB
  • 0.20 for AXS

*The maximum rate is available if you are in our Platinum Loyalty tier and opt to receive your interest in NEXO Tokens.

Disclaimer: The Earn Interest Product is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as the USA, Bulgaria, Estonia.

Limited-Time Offer on XRP, BNB & AXS Limited-Time Offer on XRP, BNB & AXS (“Promo”) is available within the period 10:00 UTC on October 21, 2022 till - 15:20 UTC on November 4, 2022 (“Promo Period”). Promo applies to all users of Nexo Earn Interest Product in XRP, BNB or AXS complying with the Nexo Services General Terms and Conditions and the Nexo Earn Interest Product General Terms and Conditions (“General Terms”). Nexo shall pay an additional promo fixed rate starting from 2% up to 10% (“Interest”) to all users who have their XRP, BNB or AXS (“Assets”) locked for a fixed term (“Promo Fixed Term”) of 3 (three) months - for BNB and AXS; and 6 (six) months - for XRP, when the starting date of the Fixed Term is within the Promo Period. The exact rates of interest, depending on the user’s Loyalty tier, and bonuses applicable for fixed terms and/or earning in NEXO Tokens, are indicated on the Nexo platform. After expiry of the applicable Fixed Term, all users, including users of Nexo Earn Interest Product for a Promo Fixed Term will start earning at the standard rate depending on their Loyalty Tier. By participating in Limited-Time Offer on XRP, BNB & AXS, every participant declares their full and unconditional consent to the above requirements and the General Terms, and accepts as final and binding all Nexo’s decisions with regard to the Promo. All relations between Nexo and the participants will be governed by the General Terms and the applicable law, as defined by the General Terms.