This limited-time promo will be available only from Monday, July 17, at 18:00 UTC, to Monday July 24, 2023, at 23:59 UTC.
What should I do to get a reward?
To be eligible for a reward, you can participate in the following activities:
- Buy or Exchange and Get $500 in XRP
Buy XRP with a card or exchange at least $100 worth of assets for XRP on Nexo. 20 randomly selected users will be chosen as winners, each receiving $500, paid out in XRP.
- Create a Fixed Term and Get $500 in XRP
Мovе a minimum of $500 worth of XRP in a 3 or 6-month Fixed Term. 20 randomly selected users who have met the minimum amount requirement will be chosen as winners, each receiving $500 paid out in XRP.
Remember, the selection of winners is random, so everyone who meets the participation requirements has an equal chance of getting a reward. Additionally, if you meet the requirements for both activities, you will be eligible to receive rewards from each one.
When will I get my crypto rewards?
You will get your reward by Aug 4, 2023.
The rewards will be paid out in XRP and will land in your Savings Wallet immediately, meaning you'll start earning interest on top of it right away.
How can I buy XRP with a card?
Follow these steps to buy XRP on Nexo:
- Open your app, and click on the “Buy” button on the Dashboard.
- Pick XRP and enter the amount you want to buy.
- Choose a credit or debit card as a payment method.
- Confirm your purchase to finalize the transaction.
On Nexo, all purchases with debit and credit cards are instant, meaning that your newly acquired XRP will appear in your Nexo account immediately after you complete the process. Purchases with Apple Pay or Google Pay will also be accepted as valid forms of payment and meeting the requirements for participation.
How can I exchange assets for XRP?
Swapping crypto on the Nexo Exchange is done effortlessly, regardless of your experience level. It also earns you up to 0.5% in crypto cashback on each transaction.
- Open the Nexo app, click on the Exchange tab, and choose your Savings Wallet.
- Pick the assets you want to exchange for XRP and the amount you would like to exchange.
- Review your transaction and finalize it by selecting the 'Exchange' button
Trading on Nexo Pro is just as easy.
- Open the Nexo Pro App and click on the Spot tab.
- Select the XRP pair of your choosing and input the amount you want to trade.
- Click on “Buy XRP” to finalize the transaction.
Note: Transactions made with the Nexo Booster are excluded from the promo.
How can I create a Fixed Term on my XRP assets?
To create a Fixed Term, follow these simple steps:
- Open the Nexo app and go to your Savings Hub.
- Select “Create Fixed Term”, and choose XRP.
- Enter the desired amount and period, and click confirm.
With the successful creation of the term you not only become immediately eligible for a reward, you start earning our industry-leading interest rates. The 3-month Fixed Term will grant you an additional +2% bonus interest while choosing the 6-month term comes with an impressive +5% bonus interest.
Having an active Fixed Term on XRP does not meet the eligibility criteria for a reward. If you are interested in qualifying for the $500 reward paid out in XRP, you will need to create a new Fixed Term specifically for this promo.
What happens after the Fixed Term ends?
Upon expiration of the promo Fixed Term, your assets will be automatically moved to FLEX Term. If you want to continue earning more than the rate on FLEX Term, you can move your assets to a standard 1-month Fixed Term and enable Automatic Renewal.
The full general terms and conditions of the promo can be found here.