Crypto
•
2 mins read
•
April 03, 2023
Nexo fees : A Detailed Guide
Here’s the full breakdown of all fees charged by Nexo
You can choose from numerous crypto platforms and exchanges in the US. What’s important is to evaluate how much and what kinds of fees they charge, so it doesn’t put a dent in your pocket when you buy Bitcoin or crypto every time.
One of the US crypto platforms, Nexo, charges high fees to its users. Here’s a quick and detailed breakdown of all the different types of fees charged by Nexo and alternatives you can choose from.
Account Fees
Nexo doesn’t charge any fee for creating an account.
Trading and Transaction Fees
On the Nexo Pro section, the fee component is standardized, depending upon the users’ trading volume. It doesn’t include spread fees as the orders are placed and matched directly with its order book.
For market makers, the fee range starts from 0.2% (up to $10k monthly trading volume)
to 0.04% (+ $500M)
For takers, the fee range starts ranging from 0.2%(up to $10k trading volume)
to 0.07% (+ $500M)
Fiat Deposit and withdrawal fees
On Nexo, every payment method has its respective deposit and withdrawal fees and respective waiting time.
Note- However, additional bank charges can be applied by the bank.
Crypto Deposit and withdrawal fees
Nexo doesn’t charge additional deposit fees. But you will have to pay standard network or withdrawal fees depending on where you transfer your crypto.
There are standard withdrawal fees for any crypto you are withdrawing from Nexo. The standard network charges will apply as the withdrawal transaction takes place on the respective blockchain of the coin.
If you are part of the Nexo loyalty program, then certain types of withdrawals are free of cost every month
- For Base, one crypto withdrawal is free per month
- For Silver, two crypto withdrawals are free per month
- For Gold, three crypto withdrawals are free per month
- For Platinum, five crypto withdrawals are free per month
However, all the crypto transfer between Nexo accounts are free of charge.
Need an account without high fees or anxiety? We're here to help
Juno is America’s most powerful account, where going from cash to crypto is easy, affordable, and instant.
To summarize, the Juno account offers
1. 5% yearly bonus on cash deposits up to $25k and a 4% yearly bonus on cash deposits over $25k and up to $250k
2. Buy and sell 35+ crypto assets directly from your account
3. No holding periods on crypto withdrawals
4. Quick and Hassle-free customer support
to get your journey started.
Disclaimer - Please note that the information provided regarding various fees is sourced from official channels and is subject to change as per the evolving business requirements
QUICK LINKS
Crypto Platforms and Exchanges Fees and Charges
How to close exchange accounts
Kunal Shivalkar
Kunal is a crypto native marketer and content writer
