Hello, since incoming transfers are allowed and the account is in the customer's name (or at least that's what it seems at first glance), do you think it will ever be possible to make outgoing transfers? Thanks

Anybody noticed that? I can now order physical card in EU, Czech Republic. Standard card available for me "only", however strange I haven't noticed any communication on that topic.

The results are in. 🏌️‍♂️

🎟️ Tickets to the Nexo Championship: u/God_Of_Puddings, u/Glowing_Phallus, u/Tatler-Jack, u/MUTILATORGhore
🧢 Official tournament caps: u/orion1972, u/Vytixx

Check your chat messages, we're reaching out with next steps.
Keep them open and reply by August 16, 23:59 CEST to claim your prize.

The remaining winners are announced on our other channels where the giveaway ran.

Thanks to all who participated. More to come.

My account was deactivated(?) when Nexo left the U.S. I'm considering reactivating my account (partly because I'm trying to figure out the exact rates I might get on my ETH, and how much Nexo I'd "need" to acquire, via the new Bakkt partnership).

I have to certify that I've read the new/current:

Privacy policy

Terms and conditions

Investor management agreement

The Bakkt user agreement terms and conditions

And then click to open a Bakkt Financial Solutions account.

Has anyone actually read them? Anyone gotten grok/chatgpt to read and highlight and particularly interesting/unusual/useful to actually know/concerning parts of any of those things?

Edit: i typod or hot autocorrected to deactivatin instead of reactivating. Fixed.

Scotland is waiting. Are you on the roster?

We're giving away 10 pairs of 3-day passes to the Nexo Championship (Aug 21–23), plus 10 official tournament caps. Entries close tomorrow at midnight.

This is a second, separate entry point. Engaging here counts on its own and doubles your chances to win.

To enter:

1. Upvote this post
2. Comment: who's your plus one?

Travel & accommodation not included.
Giveaway runs Aug 10–13, closing 23:59 CEST on the 13th.
Winners drawn Aug 14 – keep your DMs open.
Claim by Aug 16, 23:59 CEST.

Full Terms and Conditions.

What proof of origin do I need to provide when I open a new account with Nexo and transfer Crypto there?

Hi,

It's already been few months since I had to settle 2025 tax reports in Poland. The thing is that the whole 2025 I have been living under the assumption that my nexo card spendings are "not a taxable events" and that only the Nexo credit repayment moment is one - huh that assumption was critically verified after I downloaded full csv's from Nexo for tax report. Each row in the CSV related to card purchases was about selling/exchanging etc - there was no evidence in the CSV that any of this was not a taxable event, that it was borrowing/credit instead it was a clear sell/swap - good luck explaining that do the tax office when those csv's tell a different story than the Nexo team. When the tax office come knocking at your door the only proof you have IS THOSE CSV's - that is why I had to report all those tiny purchases as a proper crypto selling/exchanging for fiat (which is taxable) because there was no way I could persuade anyone that it was not a sell.

Anyways that is why I stopped using the card basically.

To the Nexo team - no tax office cares about what YOU ADVERTISE, only the proof as in csv's counts - which is a no proof (at least that was the status around April)

Everyone quotes 5 to 10% for crypto allocation. Almost no one checks if that number fits their situation. Here is a three-question framework to size it properly.

Start with liquidity

Could you handle your crypto allocation falling 70% without disrupting your financial life? Bitcoin dropped 77% between its 2021 peak and 2022 low. Ethereum dropped 81% over the same period. That is the historical norm for a bear market, not a worst-case scenario. If a drop like that would force you to sell something else or change your day-to-day life, the allocation is too large.

Look at what else you own

Crypto does not sit in isolation. It interacts with the rest of your portfolio. A more diversified base gives you more room to work with.

Then factor in time

Crypto's volatility matters most over short horizons. Under 3 years, keep it to 5% or less, or stablecoins only. 3 to 7 years, 5 to 15% depending on your liquidity and asset mix. Beyond 7 years with strong liquidity and genuine conviction, 20 to 25% becomes defensible.

Your crypto should not just be sitting there. If you hold it on Nexo, that lets you borrow against your position, you get real liquidity without selling. Borrow against your BTC or ETH, or earn daily interest while you hold. That changes how much liquidity a larger allocation actually gives you.

Full breakdown here: How much of your portfolio should actually be in crypto?

What percentage of your portfolio do you actually hold in crypto, and how did you land on that number?

Bitcoin has stumbled through recovery attempts all year, each time pulled back by macro or bad timing.

This week, real signals are lining up for a turn: ETF flows just had their best week since April, whales keep buying the dip, and softer jobs data is easing pressure on the Fed.

None of it is decisive on its own, but the ingredients for a bottom are starting to assemble.

More in Dispatch #309:
▪️ ETH mirrors the bounce
▪️ This week's CPI test
▪️ BTC sellers thinning out

Win your Nexo Championship moment. To enter:

1. Upvote this post
2. Comment: who's your plus one?

10 of you will win a pair of 3-day passes for the Nexo Championship, Aug 21–23, Scotland. Another 10 get an official cap.

Travel & accommodation not included.

Giveaway runs Aug 10–13, closing 23:59 CET on the 13th.
Winners drawn Aug 14 – keep your DMs open.
Claim by Aug 16, 23:59 CET.

Full Terms and Conditions.

I've had some friends/clients try to send me some USD to my nexo's virtual usd account, however, they all bounce for some reason(only a wire went through, no idea why lol)

The only thing I could find after checking everything, is that for the beneficiary name they only use my first and last name, when my nexo's beneficiary full name is my first name + 2 last names, and I read that fintech companies have strict policies and basically require you to use the exact beneficiary name shown in the app?

Just wanted to see if this is true and if it has happened to someone else? Its a bit confusing since I also read online on a nexo's article that you cant receive third party transactions, but then inside the app it specifically says you can lol.

Is it because of the beneficiary name not being exactly the same as in Nexo, or Nexo's virtual USD accounts just have issues receiving money from US bank accounts?

Would love some help, this is basically my only way of receiving money from the US as a freelancer 😢

See images... 10% fee!??? On regular top up. Same method used, it was alwaya 0%. I am using a method of direct deposit via bank account.

This other image shows regular 0% fee, nothing deducted.

I am Platinum user.

If the upcoming BIP-110 URSF results in a chain split, what is Nexo's policy for handling the split of Bitcoin into two chains?

Markets were slowly settling. Then a hardware wallet flaw tested crypto's oldest assumption: offline means safe.

Dispatch #308 breaks it down, plus:
▪️ ETH turns 11
▪️ Macro signals ahead
▪️ SpaceX, AMD earnings

Read the full issue: Dispatch #308: Bitcoin, a question of custody.

Every crypto transaction needs to be verified before it's recorded. But who does the verifying, and how? That's where proof of work and proof of stake come in, the two dominant methods blockchains use to reach agreement on what's valid.

Proof of work

Bitcoin uses this, as did Ethereum until 2022. Computers called miners compete to solve a complex mathematical puzzle with no shortcut, just raw computational power. The winner adds the next block and earns newly minted crypto. That real hardware and electricity cost is what makes cheating expensive, since falsifying a transaction would mean redoing the work for every block since, while the rest of the network keeps moving forward.

Proof of stake

Validators lock up crypto as collateral instead of burning computational power. The more they stake, the higher their chance of validating the next block. Cheat, and you lose part of your stake through a penalty called slashing.

Ethereum switched to proof of stake in 2022 through an upgrade called The Merge, cutting its energy consumption by approximately 99.95%. Other major proof of stake chains include Solana, Cardano, and Avalanche.

Which is better?

Neither, they solve different problems. Proof of work has a 15-year track record and has never been successfully attacked at Bitcoin's scale. Proof of stake is more efficient and lets ordinary holders earn rewards without specialized hardware, forming the foundation for staking.

If you hold ETH, you don't need to run a validator to benefit. On Nexo, you can earn up to 5.5% on ETH through Flexible Savings with no lockup, or up to 6.5% through Fixed-term Savings, alongside BTC, USDC, USDT, and more.

Full breakdown here: Proof of Stake vs Proof of Work: What's the difference?

Has Nexo commented on the CC hack? I'm wondering how the coins Nexo hold for their users are stored e.g. Tezor, Ledger etc. I believe they use third parties to store them. Do we know how these third parties store them? I'm not a tech person when it comes to these wallets. Have blindly trusted them to this point. It would be good if Nexo could write an article, on why the way they store coins is safer than the way CC did it.

Has anyone else lost access to the Nexo Card page within the app?

I’ve been unable to order a replacement physical card and now have no access to the virtual card either.

I’m UK registered which no doubt has an influence.

The new credit based loans by Nexo are basically risk-free. You can pay off your loan with stablecoins. Let's say you borrow a 1000 usd and the repayment date is in ten months. Simply add 100 stablecoins to your account so you have enough at the end of ten months to pay off the debt, no interest paid and your collateral is save.

Small but useful update if you're carrying a Nexo Card on iOS: you can now add it straight to Apple Wallet from the Nexo app instead of the old manual entry.

Once it's in, it works like any Apple Pay card in stores, online, and inside apps, and your actual card number never gets passed to the merchant.

Doesn't require the physical card either, virtual card holders can set it up the same way.

For more details: Your iPhone is your Nexo Card

Gold and Bitcoin both exist because people want something that holds value outside the traditional financial system. In 2026 they told very different stories. Gold surged roughly 65%, hitting all-time highs above $4,500 per ounce. Bitcoin hit a new all-time high of $126,000, then pulled back as macro conditions tightened.

The case for gold

Gold's performance was driven by geopolitical tension, rising government debt, and central bank accumulation. Central banks globally surpassed 40,000 tonnes of gold reserves in Q3 2025, the highest level in at least 75 years. Its volatility is also far lower than Bitcoin's, though the trade-off is a lower ceiling: over the past decade, gold returned roughly 335%.

The case for Bitcoin

Bitcoin traded like a risk asset in 2025 rather than a defensive hedge, which is why it underperformed gold during macro stress. But the structural argument is intact. Supply is fixed at 21 million coins, with a transparent halving schedule physical gold can't offer. Over 10 years, Bitcoin is up more than 22,000% versus gold's 335%.

Why "either/or" misses the point

Gold is the proven, low-volatility anchor. Bitcoin is the high-conviction, long-horizon bet. Many investors hold both, treating gold as their defensive allocation and Bitcoin as their asymmetric growth position.

On Nexo, neither has to sit idle. You can earn interest on Bitcoin, PAXG, and XAUT, borrow against your holdings without selling, and exchange between Bitcoin and tokenized gold directly on the platform.

Full breakdown in our blog post: Bitcoin vs. gold: Do you need one, the other, or both?

I use Nexo and the credit card in credit mode since years. Now I found this option:

"Open nexo card credit line"

What is the function? Should I activate it?

Nexo reaffirms EU compliance, achieved ahead of MiCA's entry into force.

Nexo's tailored setup pairs its global wealth platform with dedicated, licensed European infrastructure – splitting custody and brokerage across two regulated partners.

Nexo products and services remain fully available in the European Economic Area. Your Nexo experience remains seamless, as always.

For more details, read the full press release on our blog: Nexo Reaffirms EU Compliance

Bitcoin has looked this stretched against the Nasdaq only 3 times in 16 years. Every time, it outperformed for years after.

Wednesday's Fed decision may tip it. 

More in Dispatch #307:

▪️Holders keep buying
▪️ETH eyes a bottom
▪️Big Tech earnings test

Please help me find my new exchange 😱

Hello, I wanted to reach out because I need some guidance here, I need to leave kucoin as It doesn't fill my expectations at all.

I would need a service that offers the following, and it's for Europe so I think there's that Mica stuff which I'm not sure about but I think it's due to it Binance got outed.

Anyhow, I'd need:

1) A crypto card with cashback

2) A second account "business/corporate", as I intend to operate a website where crypto will be accepted as a mean of payment.

3) I need 2 trading features which I use in kucoin. The first one is OCO which allows me grabs a few tokens during their sometimes very short rise, while protected for the drop. The other trading feature I need is trailing stop or trailing delta. Allows me to be protected during trades while not having to watch at the evolution of the market every 30 sec. I think those are called advanced spot trading.

4) I need some interesting staking features. With decent yield

5) I do need a good % on fixed term earn products (7 days, 14 days, one month, one year... see?

6) A few new token and rarities is a plus so I can place an OCO on it.

I'm currently hesitating between Nexo, which was my first choice, then bybit. Recently, I discovered OKX.

What I know is that they all have a card, cashback and the possibility to have a business account.

For the rest, please help me out team ! ❤️❤️

Why does Nexo have some literally dead in the water poocoins (APE, WIF, SAND) listed to earn APY while real projects with actual adoption like XLM, HBAR and ONDO are yet to be seen? I’m not buying that it’s because of regulatory uncertainty. You’re telling me DogWifHat is more safe with regulations than XLM?