Managing your crypto portfolio with Nexo: 5 questions answered

Nexo has launched in Australia, offering Aussies an opportunity to trade across more than 100 crypto assets, crypto-backed lending and more.

When you're investing in crypto, one of the most important considerations is the platform you use. Being able to buy and sell assets on the go, access a broad range of cryptocurrencies, accrue returns, borrow against your crypto and get rewarded for loyalty are all must-haves.

One platform that offers all of these features (and more) is Nexo. Nexo has recently launched in Australia, allowing users to manage a wide variety of cryptocurrencies.

With this in mind, we're answering some key questions about Nexo's services and features.

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1. Is Nexo app-based or desktop based?

Nexo actually offers both app-based and desktop trading.

When you have a Nexo account, you're able to trade in a streamlined form via the app on your smartphone or tablet, or access the full version of the platform via your computer.

This means that you're able to manage your crypto on the go – but you are also able to make use of more in-depth analytical tools when necessary.

Both Nexo's platform and mobile app include a range of security features like:

• Multi-layer authentication
• Biometric identification
• Anti-scam engine
• Real-time alerts for account activities.

2. What assets can I trade with Nexo?

Nexo allows you to browse, purchase and trade more than 100 digital assets across 1,500+ crypto pairs.

This includes well-known cryptocurrencies like:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Solana (SOL)

Additionally, Nexo also offers its own proprietary token – NEXO.

To purchase cryptocurrency with Nexo, you are able to use a range of payment methods, including:

• PayID
• Bank transfer
• Debit or credit card
• Blockchain transfers

Access to a range of payment methods allows you to convert fiat currency to cryptocurrency in a straightforward manner via Nexo's online service.

3. Does Nexo offer a line of credit on crypto?

Yes. Nexo's Credit Line allows you to open a line of credit against more than 10 crypto holdings, including Bitcoin and Ethereum.

Investors sometimes use a line of credit as a way to leverage their crypto holdings, without staking it for a preset period or simply selling it.

Essentially, you are borrowing fiat currency or stablecoin against the value of your crypto holdings.

When using Credit Line with Nexo, you're able to use the funds to suit your personal requirements, including:

• Fund a major purchase or lifestyle expenses
• Pursue new business opportunities
• Real estate deposits or down payments

So how can funds be accessed with Nexo Credit Line?

Funds can be paid into your bank account as AUD or as USDT/USDC to your Nexo account.

Like any loan, a line of credit must be repaid and interest will apply.

As the value of your cryptocurrency can fluctuate while being used for a line of credit and automatic repayments may be required , it's important to seek appropriate financial advice before taking out a line of credit with your crypto holdings.

You can read more about Nexo's Credit Line on the Nexo website and right here on Finder, too

4. Does Nexo have a loyalty program?

Yes. Nexo's Wealth Club offers a range of benefits for clients, including:

• Lower borrowing costs
• Increased crypto cashback on trades
• Additional access to expertise
• Exclusive product offerings
• Travel, lifestyle and subscription benefits
• Invite-only experiences.

Wealth Club is a tiered program and your tier depends on your NEXO Token holdings, either as a share of your portfolio or a fixed amount. There are four tiers:

• Classic
• Premier
• Elite
• Signature

You can learn more about the requirements involved for each tier on the Nexo website.

5. Does Nexo offer perks?

Yes. If you have a portfolio valued at US$100,000, you can gain access to Nexo Private. This includes:

• Access to a relationship manager, for general assistance and platform information when required.
• Priority assistance: Fast responses to your enquiries, to ensure you can make informed decisions.
• Event passes: Access to industry and Nexo-hosted events.

You can read more about Nexo private here on Finder

6. How is Nexo regulated in Australia?

Nexo Australia operates under Australia's domestic regulatory framework:

• Regulated by ASIC as a Credit Representative:
  Nexo Australia is regulated by ASIC as a Credit Representative, which brings its Credit Lines under the National Consumer Credit Protection Act and National Credit Code — the same consumer-credit rules that apply to personal lending across Australia, including a required suitability assessment before any loan is issued. You can check Nexo's Credit Representative and licence status on ASIC's register.
• Registered with AUSTRAC & member of AFCA:
  Nexo Australia is registered with AUSTRAC — the country's anti-money laundering watchdog — as a Virtual Asset Service Provider, under registration number DCE100843695-001. That's the same category of registration other Australian crypto exchanges hold, and it's why Nexo verifies client identity and runs ongoing due diligence. In addition, Nexo Australia is a member of the Australian Financial Complaints Authority (AFCA), giving clients free access to an independent dispute resolution service. Both registrations can be independently verified directly on the AFCA and AUSTRAC public registers.
• Built for the Australian market:
  Locally incorporated with an on-the-ground team, offering dedicated AUD accounts, fast transfers via PayID, and the choice between AUD or stablecoin loan payouts.

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More information about Nexo

Any information or advice provided is general only and does not take into account your objectives, financial situation or needs. Consider whether a product is appropriate for you. Credit Line and Nexo Growth are available only to eligible clients and are subject to applicable terms, conditions and jurisdictional restrictions. Rates, fees, supported assets and other product features may vary over time and between products. Return Rates for Nexo Growth are set for each Supported Asset and term. Return is not guaranteed. Borrowing against digital assets involves substantial risk, and you may lose some or all of your digital assets if the value of your collateral falls or market conditions change. Nexo Growth involves transferring ownership of your digital assets to Nexo Australia in exchange for an unsecured contractual claim. If Nexo Australia cannot meet its obligations, you may not get them back. Nexo Growth is not a bank deposit and is not capital protected. The price, value and liquidity of digital assets are highly volatile and subject to market risk. You could lose some or all of the value of your digital assets. Before making any decision whether to use a product, you should read the applicable Terms of Service and, where relevant, the Credit Guide, Product Disclosure Statement, Financial Services Guide and Target Market Determination available on the Nexo Australia website. Nexo Australia Pty Ltd (ACN 667 513 073) is registered with AUSTRAC as a Virtual Asset Service Provider (Reg. No. DCE100843695-001). AUSTRAC registration is for AML/CTF purposes only and is not an endorsement. Credit products which are regulated by the National Credit Code, are provided by Nexo Individual Loans Pty Ltd (ACN 695 724 737), serviced by Avgi Pty Ltd (ACN 682 656 202) under Australian Credit Licence 567308 and managed by Nexo Australia Pty Ltd (ACN 667 513 073) under Credit Representative Number 580430. Credit products which are not regulated by the National Credit Code are provided by Nexo Loans Pty Ltd (ACN 695 724 442) and managed by Nexo Australia Pty Ltd. Credit criteria, T&Cs, and fees and charges apply to all credit products.