#86 of 115 in the US ranking · Exchange
Nexo Review (October 2026): Fees, US States and Licenses
Best for: Crypto-backed credit lines
5.0/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee— Not verified
- US states— Not verified
- New York— Not verified
- Coins30
- CustodyCustodial
- App Store4.2 ★ · 2K
Our verdict
Nexo returned to the US on February 16, 2026, offering flexible and fixed-term yield, an exchange with 30+ assets, and crypto-backed credit lines, with trading infrastructure provided by Bakkt. Earning interest requires a $5,000 minimum balance. Nexo paid $45 million in 2023 to settle SEC and state claims over its earlier interest product. State availability is not published.
Pros
- Crypto-backed credit lines advertised from 0.9% annually
- ACH and wire on- and off-ramps
- Trading infrastructure supplied by publicly listed Bakkt
Cons
- $5,000 minimum balance to earn interest
- Paid $45 million SEC and state settlement in 2023
- State availability and fee schedule not published
Nexo fees
- Maker / taker
- — Not verified
- Simple buy
- — Not verified
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- — Not verified
- Crypto withdrawal
- — Not verified
- Other fees
- Credit lines advertised from 0.9% annual interest
- Minimum deposit
- — Not verified
Is Nexo available in my state?
Nexo announced its return to the US on Feb 16, 2026, with trading infrastructure provided by Bakkt; the states covered are not published on the pages read.
The list of states this platform serves is not verified yet.
- New York
- — Not verified
- ID check (KYC)
- — Not verified
- Withdraw crypto
- — Not verified
- Funding
- ACH, Wire
Is Nexo regulated?
- US operator
- — Not verified
- Parent company
- — Not verified
- State licenses
- — Not verified
- New York license
- — Not verified
- Other
- US trading infrastructure provided by Bakkt, a publicly listed US platform, per Nexo
- Founded
- — Not verified
- Headquarters
- — Not verified
How secure is Nexo?
- Proof of reserves
- — Not verified
- Audits
- — Not verified
- Insurance
- — Not verified
Incidents since 2019
- 2023settlementNexo Capital agreed on Jan 19, 2023 to pay $45 million to the SEC and state regulators over its unregistered Earn Interest Product.
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on Nexo
- Spot
- Earn
- Lending
Flexible and fixed-term yield (advertised up to 16% annually, tier-dependent; $5,000 minimum balance to earn interest), crypto-backed credit lines, exchange, loyalty program; Private Clients tier at $100,000+.
- Apps
- Web, iOS
- Support
- — Not verified
Nexo FAQ
How many cryptocurrencies can I trade on Nexo?
About 30 cryptocurrencies are available to US users, per Nexo's official asset list.
Alternatives to Nexo
Coinbase#1 · All-in-one US platform8.0
Crypto.com#3 · Crypto, stocks and predictions7.8
Kraken#5 · Margin and perpetuals traders7.4
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.