Where You Can Hold the NEXO Token

Mar 16, 2023•3 min read

As the native asset of the Nexo platform, the NEXO Token serves several purposes within the Nexo ecosystem. For eligible users, it provides discounts on interest rates for borrowers who use the token as collateral; users also receive higher yields among some of the perks. But what about the NEXO Token holders who, for various reasons, cannot use the Nexo platform to store their tokens?

Well, luckily, there’re plenty of other wallets where you can hold the NEXO Token if you so wish.

The Nexo Wallet

If you’re a fan of our products and are looking for a non-custodial solution to keep your tokens stashed away, check out the new Nexo Wallet. Unlike our regular offering, it’s decentralized, so anyone can use it regardless of whether they can use the Nexo platform or not. Alongside being a reliable place to hold tokens, crypto, and NFTs, our non-custodial solution has a few added perks. Check it out:

  • Save on Transaction Fees: Batch multiple transactions to execute them at once and save on gas fees.
  • Choose How You Pay Fees: Cover gas fees across all supported networks with native tokens, a variety of stablecoins, or wrapped Ether (wETH).
  • Optimize Your Swaps: Aggregate liquidity from multiple decentralized exchanges (DEXs) to get the best possible price. Trade assets between connected wallets to save on time and fees.
  • Interact with 5 Networks: Send, receive, and swap crypto on Ethereum, Polygon, BNB Chain, Avalanche, and Fantom

💡Your Web3 Identity: Build your on-chain persona and aggregate all your crypto and NFTs under one Identity through the Nexo Wallet. You can also connect multiple wallets under one single Identity to track all your crypto and NFTs from a single dashboard.

Other Non-custodial Wallets

Self-custody options have been the talk of the blockchain town over the last six months as they have given crypto holders a sense of security over custodial options. And indeed, they are a great way to safely hold your NEXO tokens off their native platform. For your convenience, here’s a list of established non-custodial solutions that could serve your purposes:

  • Ledger
  • Metamask
  • Trezor
  • Coinbase Wallet
  • MyEtherWallet
  • TRUST Wallet

Exchange Wallets

If you’re not exactly warming up to the idea of self-custody just yet, that’s fine. Other options for stashing your NEXO are out there in the face of exchange wallets which are by nature mostly custodial.

Our native token is supported by a number of large and trusted exchanges. Below is a list of exchanges that support our token if you are looking for a custodial wallet for your NEXO Tokens:

  • Binance
  • Huobi Global
  • Bitfinex
  • Bitstamp
  • HitBTC

We hope this article has helped you find a viable solution for keeping your NEXO Tokens. And remember, if you’re ever unsure about where you can store your NEXO tokens, you can always reach out to our team for assistance at [email protected].

Happy Holding!

This article is not financial advice and any investment decision you make is solely your responsibility. Nexo accepts no liability for consequences of any actions taken on the basis of the information provided, including for any damages suffered by the recipient.

Digital Assets are not money or legal tender, are not backed by the government or by a central bank, and most do not have any underlying assets, revenue stream, or another source of value. Nexo Accounts are not subject to any governmental insurance protection (including FDIC or SIPC), nor are they covered by any compensation scheme (including FSCS).

All or part of the Nexo Services, some features thereof, or some Digital Assets, are not available in certain jurisdictions, including where restrictions or limitations may apply, as indicated on the Nexo Platform and in the relevant general terms and conditions.