Buy Bitcoin 

Yes, to both questions. On Nexo, all purchases with debit and credit cards are processed fast, meaning that your newly acquired funds will appear in your Nexo account quickly after you complete the process. 

Follow these steps to buy Bitcoin on Nexo: 

1. Open your app, and click on the “Buy” button on the Dashboard.  

2. Pick Bitcoin and enter the amount you want to buy. 

3. Choose a credit or debit card as a payment method. 

4. Confirm your purchase to finalize the transaction. 

Once you successfully purchase crypto using your card, the card details will be saved for future transactions.

Note: Make sure you pass Identity Verification before making your first transaction.

First, you have to verify your identity which only takes a couple of minutes. Once you pass verification, then:

1. From the Dashboard, tap on the “Add Funds” option and select the “Credit/Debit Card”.

2. Pick Bitcoin and enter how much you would like to spend.

3. Enter your credit or debit card details.

4. Confirm your purchase and you’re done! Your funds will appear in your Nexo account.

By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions. There is no limit as to how many cards you add to your account.

You can also choose to complete a purchase with Apple Pay or Google Pay.

To purchase Bitcoin with a bank transfer, start by topping up your account with USD, EUR, or GBP from your local bank. Given the fast-paced nature of the market, quick transfers are paramount. To facilitate this, we have implemented GBP wires via Faster Payments and EUR wires via SEPA.

Once your funds arrive in your Nexo account, go to the Exchange tab in the app and swap your funds for the amount of BTC you want to purchase.

Have in mind that the processing time for wires from the US is typically 1-2 business days and that wires from other countries may take up to 3 business days to process.

Nexo allows you to buy as little as $1 worth of BTC, making it as accessible as possible Bitcoin is infinitely divisible, with each BTC consisting of 100 million pieces called satoshis, allowing for the purchase of fractional amounts. 

When deciding how much Bitcoin to buy, users consider various factors such as supply, demand, availability, competing cryptocurrencies, and investor sentiment, which are key indicators of BTC's value. As predicting the market is a challenging task, determining the right time to buy Bitcoin should be based on each user's understanding and trust in the technology.

You start earning interest automatically the next day after you add Bitcoin to your Nexo app. If you want to increase the amount of interest you earn by up to 2% you can opt to receive your interest in NEXO.

The amount of crypto rewards you receive is based on your Loyalty Tier, with higher tiers getting the most. If you want to boost your rewards, join the Platinum Loyalty tier by holding at least 10% of your Portfolio Balance in NEXO.

For instance, if you spend $5,000 to purchase BTC through the Nexo Exchange and maintain the Platinum Loyalty tier, you will receive $25 worth of BTC as a crypto reward:

$5,000 * 0.05% = $25 in BTC

For a complete breakdown of the crypto rewards for each tier, refer to our Help Center. 

It is important to note that the total crypto rewards paid are capped at up to $100,000 in exchange volume per month. Therefore, you can get rewards until your total monthly amount of swaps reaches $100,000, after which the limit resets to $0 on the 1st day of every month.

Nexo works with the leading authorities in custody and compliance:

• Insurance from our custody partners via Lloyd’s of London and Marsh & Arch.

• The finest custody solutions in the blockchain space, provided by SOC 2 Type 2 certified Fireblocks, Ledger Vault, and other partners.

• Military-grade 256-bit encryption and fraud monitoring mechanisms, ensuring the integrity of your funds.

• ISO/IEC 27001:2013 accredited information management systems.

You can learn more about our fundamentals here.