What’s New: Dollar Cost Average Into 60+ Assets & More

Oct 05, 2023•3 min read

It really was a September to remember! We rolled out the much-anticipated Recurring Buys feature, and we've integrated new blockchain networks, broadening the horizons for deposits. But that's not all – there are more additions awaiting you.

Dollar Cost Average Into 60+ Assets

With our new Recurring Buys feature, market timing becomes a thing of the past. Effortlessly schedule crypto purchases using your Visa/Mastercard, choosing from daily, bi-weekly, weekly, or monthly frequency. In doing so, you'll begin to dollar cost average (DCA) into the assets you value most!

How to Start DCA-Ing?

  1. Tap Buy on your Nexo app dashboard.
  2. Make sure you’ve selected the Visa/Mastercard payments option.
  3. Select an asset and amount.
  4. Choose your purchase frequency.
  5. Confirm your recurring buy.

(custom-button: Schedule Recurring Buys link: https://platform.nexo.com)

Want to understand how DCA-ing can help you navigate the markets more effectively?

(cta-block: Dive into a bite-sized course to learn more about the technique. title: What Is Dollar Cost Averaging? button: Learn More link: https://bits.nexo.com/courses/investing/what-is-dollar-cost-averaging)

Earn Interest on Osmosis (OSMO) and The Graph (GRT)

You can now enjoy up to 5.5% on your OSMO and as much as 5% on GRT. With our Fixed and FLEX Terms, you can tailor your earning approach to align with your objectives perfectly. The only thing left is to add any of the two assets to your portfolio:

  • How to get OSMO? You can buy the asset instantly with Visa, Mastercard, Google Pay, or Apple Pay. An alternative is to exchange existing assets for OSMO on the Nexo Exchange.

(currency-data: osmo button: Buy)

  • How to get GRT? Aside from instant card purchase and exchange, you can deposit the asset from another platform using the Ethereum network.

(currency-data: grt button: Buy)

3 New Blockchain Networks

We’ve added more low-cost networks, so you can easily deposit your digital assets in your Nexo account. Here’s the rundown:

  • The Optimism network is live for Optimism (OP) and Ethereum (ETH) transfers.
  • The Fantom network is live for Fantom (FTM) transfers.
  • The Hedera network is live for Hedera (HBAR) transfers.

ETH and FTM are two of the assets that can earn you interest. Deposit your holdings via the new low-cost network and automatically start earning up to 8% on ETH and up to 7% on FTM.

Simplified Way to Send Crypto

Navigate the Web3 space with confidence by streamlining your crypto transfers. You can now enter an Ethereum Name Service (ENS) or Unstoppable Domain address into the Address field when withdrawing funds, and you’re good to go.

To ensure rapid and hassle-free transactions every time, consider adding your trusted domains to your Address Book.

Bonus Round: Nexo Expert Tips

In this new segment, we’ll dive into the possibilities on Nexo and give you tips on how you can improve your strategy.

Balancing DCA with Instant Alerts

Many choose Recurring Buys to steadily accumulate assets for the long term. Curious about the price shifts of assets not in your HODL list? You can set price alert push notifications for select assets, so your Nexo app can give you timely information on every significant dip.

Don't miss the next "What's New", where we bring you the latest product updates and developments at Nexo.