Nexo-anmeldelse 2026: Tjen opptil 16 % på krypto — er det trygt?

*Last updated: April 2026*

I (Øyvind) have had money on Nexo for over fourteen months. Thomas joined about eight months ago. Between us, we have earned yield on stablecoins, taken out crypto-backed loans, and sweated through two significant market dips while our collateral values wobbled. This is the honest review.

Nexo is a crypto lending and yield platform that lets you earn interest on your crypto holdings, borrow against them, and exchange between assets. It is not a bank, and that distinction matters enormously. Let us get into it.

What Nexo Does

At its core, Nexo does three things:

1. **Earn**: Deposit crypto or stablecoins and earn daily interest. Rates range from about 4% on Bitcoin to up to 16% on stablecoins, depending on your loyalty tier and whether you choose to earn in Nexo tokens.

2. **Borrow**: Use your crypto as collateral to take out a cash or stablecoin loan. You keep your crypto exposure while accessing liquidity.

3. **Exchange**: Swap between 70+ cryptocurrencies and fiat currencies within the platform.

The earn feature is what drew us in. Stablecoin yields of 8-12% (the realistic range for most users) are significantly higher than any traditional savings account. But higher returns always come with higher risk.

The Yield: What You Actually Earn

Nexo's headline rate of "up to 16%" requires some unpacking. To get the maximum rate, you need to:

• Hold at least 10% of your portfolio in Nexo tokens (Platinum loyalty tier)

• Choose to earn your yield in Nexo tokens rather than the deposited currency

• Use a fixed-term deposit rather than flexible

Most users will not do all three. Here is what we actually earn:

Thomas holds stablecoins (USDC) on a flexible term at the Gold loyalty tier, earning in USDC. His effective rate is about 10% APY. I hold a mix of USDC and Bitcoin at the Platinum tier, earning in-kind (USDC yield in USDC, Bitcoin yield in Bitcoin). My effective rates are about 12% on USDC and 5% on Bitcoin.

These are real numbers from our accounts, not marketing claims. They are still excellent compared to traditional savings — see our best savings accounts guide for context — but they come with risk that a savings account does not.

How Nexo Makes Money

Understanding where the yield comes from is critical. Nexo lends your deposited crypto to institutional borrowers — hedge funds, market makers, and other financial institutions. They pay Nexo interest, and Nexo passes a portion to you.

This model works well in normal market conditions. The risk is that if borrowers default or if there is a liquidity crisis, Nexo may not be able to return your funds. Nexo maintains an insurance fund and claims to over-collateralise its lending, but these protections have limits.

We saw this risk materialise with other platforms (Celsius, BlockFi, Voyager) in 2022. Nexo survived that period without freezing withdrawals, which is a strong signal but not a guarantee.

Crypto-Backed Loans

The borrowing feature is genuinely useful. Instead of selling Bitcoin to access cash, you can use it as collateral for a loan at rates starting around 6.9% APR. The loan-to-value ratio is typically 50%, meaning you need $2,000 in Bitcoin to borrow $1,000.

We have used this feature twice. Once to cover an unexpected expense without selling a long-term Bitcoin position, and once to take advantage of a short-term opportunity. Both times, the process was smooth — funds were available within minutes.

The risk is liquidation. If the value of your collateral drops below a certain threshold (typically 83.3% LTV), Nexo will start selling your collateral to repay the loan. During a sharp market drop, this can happen quickly. You can add more collateral to avoid liquidation, but you need to act fast.

Managing Liquidation Risk

We keep our LTV well below 50% at all times and set up price alerts to warn us if collateral values are dropping. This gives us a buffer during market volatility. If you borrow at the maximum LTV, you are playing with fire.

The App and Experience

Nexo's app is functional but not beautiful. It does what it needs to do — show your balances, yield earned, loan status, and transaction history. The exchange feature works smoothly for swaps between major cryptocurrencies.

What it lacks is the polish of consumer fintech apps. There are no spending insights, no budgeting tools, no card for daily spending (though Nexo does offer a card in some markets). It is a financial tool, not a lifestyle app.

Customer support is adequate. We have contacted them three times — once via chat and twice via email. Chat responses came within 10 minutes. Email responses took about 24 hours. None of our issues were urgent, so this was acceptable.

Security

Nexo uses a combination of cold storage (Ledger Vault), hot wallet insurance, and real-time audit proof of reserves. The proof of reserves is published regularly and verified by Armanino (an independent auditor). This is more transparency than many crypto platforms offer.

Two-factor authentication is mandatory. The platform also supports withdrawal whitelisting, which means you can restrict withdrawals to pre-approved wallet addresses. We recommend enabling this.

Nexo vs Bybit Earn

The closest competitor to Nexo is Bybit's earn products. Both offer stablecoin yields in the 8-12% range. The key differences:

• **Nexo** has better lending (crypto-backed loans) and a longer track record.

• **Bybit** offers more flexibility with earn products and is better for active traders who want yield and trading in one place.

• **Nexo** has more transparent proof of reserves.

• **Bybit** has a wider range of supported tokens for earning.

We use both. Nexo is our primary yield platform, and Bybit is where Thomas does most of his trading. For a broader view of crypto platforms, see our crypto banking guide.

Who Should Use Nexo

Nexo makes sense if you:

• Already own crypto and want to earn yield on idle holdings

• Want liquidity without selling your crypto (via loans)

• Understand and accept the risks of non-insured crypto platforms

• Have a solid financial foundation in traditional accounts first

Nexo does not make sense if you:

• Are new to crypto and still learning

• Cannot afford to lose the funds you would deposit

• Want deposit insurance on your savings

• Need a platform for daily spending

Our Verdict

After fourteen months, we remain cautiously positive on Nexo. The yields are genuine, the platform has survived market stress, and the transparency is above average for the industry. But we never forget that this is not a bank. Our Nexo holdings are money we can afford to lose — and we recommend the same approach for anyone considering it.

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