Make Money on Nexo Earn up to 12% interest on crypto assets if you understand the terms EarnOnCrypto Newsletter 800 600.gif Start earning up to 12% compounding interest on your idle bitcoin by following these simple steps or watching this video:
Table of Contents
1. Go to your Nexo account and sign in.
2. Deposit funds into your Nexo Wallet or use the Nexo Exchange to buy cryptocurrency.
Earn on Crypto supports BTC, ETH, LTC, XRP, EOS, XLM, BCH, USDT, USDC, TUSD, DAI, USDP, LINK, TRX, PAXG, BNB, DOT, DOGE, ADA, SOL, and NEXO, with more assets on the way.
Important! Please note that wrapped currencies that are pegged to (i.e. represent) coins from another blockchain are not supported by Nexo. If you transfer such assets to your Nexo account, you will lose them forever. Always transfer native BTC/BCH, as well as ETH, NEXO, USDT, USDC, TUSD, DAI, USDP, LINK, and PAXG, which are all created on the Ethereum blockchain.
3. Make money! After a minimum of 24 hours, you’ll start earning compound interest on your money. Interest is paid on a daily basis.
Your interest is automatically deposited into your Savings Wallet, so you can start collecting interest on it the next day.
4. Take pleasure in your high-yielding passive income.
Please keep in mind that assets placed as collateral in your Credit Line Wallet will not earn interest.
What are the annual percentage yields (APY)?
The following factors influence your interest rate:
Your Loyalty tier is the first.
2. The type of interest that will be paid out.
– There is no additional benefit if the interest is paid in kind (the same cryptocurrency).
– If the interest earned is paid in NEXO Tokens*, you will receive a +2% boost on all of your assets’ interest.
* Due to regulatory constraints, Earn in NEXO is presently unavailable to citizens and residents of the United States.
3. The savings term: Flexible or Fixed*.
* Dogecoin’s fixed terms are presently unavailable. Rates of Dogecoin Earnings on Flexible Terms:
In NEXO, the starting point is 0% + 2%.
NEXO has a silver price of 0% + 2%.
In NEXO, gold is worth 0.5 percent + 2%.
NEXO has a platinum content of 1% + 2%.
What is the formula for calculating your interest?
Your interest is credited to your Savings Wallet on a daily basis and is then factored into your future interest transactions.
Daily Interest = (APY/365) x Principal amount (in original coin)
Example:
Calculations based on a deposit of 1000 XRP.
1. If you are in the Platinum tier and have set up a Fixed saving period and elected to earn interest in NEXO Tokens, your annual interest rate will be 8% (5 percent + 1% + 2%), and your daily interest rate will be computed as follows:
0.2108743 XRP = 1000 XRP × 0.02108743 percent (which will be converted to USD and then to NEXO Tokens)
2. If you are in the Platinum tier and have set up a Fixed saving term with interest in kind (same cryptocurrency), your annual interest will be 6% (5 percent + 1%), and your daily interest will be computed as follows:
0.1596535 XRP = 1000 XRP x 0.01596535 percent
3. If you’re in the Base tier and have set up a Fixed saving period, and you’ve decided to earn interest in NEXO Tokens, your annual interest rate will be 7% (4 percent + 1% + 2%), and your daily interest rate will be computed as follows:
0.1853833 XRP = 1000 XRP x 0.01853833 percent (which will be converted to USD and then to NEXO Tokens)
4. If you’re in the Base tier and have set up a Fixed saving term with interest in kind (same cryptocurrency), your annual interest will be 5% (4 percent + 1%), and your daily interest will be computed as follows:
0.1336806 XRP = 1000 XRP × 0.01336806 percent
Important: Your current Loyalty tier, which may vary depending on your Nexo-to-Portfolio ratio, will determine your interest rate (APY). Please keep in mind that the current market price of your assets, including the NEXO Token, has an impact on the latter.
How do I figure out how much Nexo token staking I’ll need to get better interest rates?
To be eligible for higher interest rates, you must stake NEXO Tokens representing 10% of the entire value of your assets. To put it another way, you must be a Platinum member of our Loyalty Program.
The exact number of NEXO Tokens required for the bonus interest rates will be presented in the Total Interest Earned section and will be determined by the token price at any given time:
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