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 Compound 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 link to your account.

You can top up funds from your local bank via a bank transfer. EUR and GBP transfers arrive quickly, while USD wires generally take up to 2 business days to be reflected in your account.

Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of COMP you want.

To earn crypto cashback, ensure that at least 1% of your portfolio is in NEXO Tokens. Your cashback amount depends on your Loyalty Tier—the higher your tier, the more cashback you’ll receive.
If you want to get the maximum crypto cashback of 0.5%, join the Premium Loyalty Tier by holding at least 10% of your Portfolio Balance in NEXO.

Example

Let’s say you stay within Nexo’s Premium Loyalty tier and you buy $5,000 worth of COMP via the Nexo Exchange. That means you’ll get $25 worth of COMP in crypto cashback:

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

To find out the exact crypto cashback rates for each tier, visit our Help Center.

Note: The total crypto cashback paid are limited to up to $100,000 in exchange volume per month. That means you’ll be earning crypto cashback until your total monthly amount of swaps reaches $100,000. That limit resets back to $0 on the 1st day of each month.

We use multiple custodians including Ledger Vault, Fireblocks, and others, to diversify our custodial infrastructure. Along with that we offer:

• Strong 256-bit encryption and fraud monitoring mechanisms, ensuring the integrity of your funds.
• ISO/IEC 27001:2013 accredited information management systems.
• 24/7 Client Care team providing personalized service that goes beyond the standard.

You can learn more about our fundamentals here.