This limited-time promo will be available only from Monday, May 22, at 14:00 UTC to Friday, June 30, 2023, at 21:00 UTC.
What should I do to get a reward?
Fund your account by buying or transferring crypto for the first time on Nexo. Move your assets to any of the Fixed Term options available by June 30. Based on your Fixed Term value, you’ll get:
- 10,000 USDC for $1,000,000 in Fixed Term.
- 1,500 USDC for $100,000 in Fixed Term.
- 250 USDC for $10,000 in Fixed Term.
You need to be aware of market volatility and how it can affect your chances. If you top-up $10,000 on June 1 but place your assets in a Fixed Тerm on June 5, the total value of your assets might have dropped to, say, $8,000. To become eligible for the reward, another top-up of $2,000 will be needed so you can move a total of $10,000 in Fixed Term. You must fulfill every criteriа to qualify for a reward. It's important to note that rewards are limited to one per user.
This promo is available only to new clients registered between May 22 and June 30, as well as existing clients who have never funded their accounts. Clients who hold or previously held assets on Nexo will not be eligible for the reward, however, they can still benefit from our industry-leading earn* rates on stablecoins and crypto.
When will I get my reward?
You will get your reward by July 14, 2023.
The rewards will be paid out in USDC and will land in your Savings Wallet immediately, meaning you'll start earning up to 14% annual interest on top of them right away.
Note: Make sure you pass Identity Verification before making your first top-up.
How do I create a Fixed Term?
Open the Nexo app and navigate to the Savings Hub. Tap Create Fixed Term and choose your desired asset. Tap on Period and select the Fixed Term you prefer. Enter the desired amount, tap on Preview Term, and confirm it.
Can I create multiple Fixed Terms to become eligible for a reward?
You can create as many Fixed Terms as needed during the promo period. To be eligible for a reward, make sure that the cumulative USD value of digital assets in Fixed Terms is equal to or above one of the predefined promo thresholds.
The USD value of each Fixed Term you create is recorded at the precise time of its creation. This value is visible in the transaction history within your Nexo Account.
For example, if you create a 3-month USDT Fixed Term for $5,000 on June 1, and then create another 1-month BTC Fixed Term for $5,000 on June 8, your total Fixed Term value at the end of the promo will be $10,000, and you will be eligible for a reward.
How can I get the maximum interest rate for each asset?
The highest rates are accessible to Platinum Tier clients, whose portfolio balance comprises at least 10% NEXO Tokens compared to the rest of the holdings. In addition, you need to choose to earn your interest in NEXO Tokens and keep your assets in one of the available Fixed Term options. The longer the duration of the Fixed Term, the higher the interest rate.
Pro tip: Secure the 16% crypto interest by opting for a 3-month Fixed Term on your USDT and maintaining a Platinum Tier. If you're looking to earn on your EUR, GBP, and USD stablecoins, their 12-month Fixed Term and Platinum Tier will bring you a 15% annual interest.
What happens after the Fixed Term ends?
Your term will be extended and you will continue earning higher rates if Automatic Renewal is enabled. If not, upon expiration of the Fixed Term, your assets will be automatically moved to a FLEX Term.
The full general terms and conditions of the promo can be found here.
*Nexo's Earn Interest product is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as the United States, Bulgaria, and Estonia.