Nexo Reviews Austria 2026
CeFi platform focused on crypto-backed loans, earn products and a Visa card. Highly specialised — but with CeFi risk.
CeFi platform focused on crypto-backed loans, earn products and a Visa card. Highly specialised — but with CeFi risk.
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Zug, Switzerland / EU: Cyprus · founded 2018
What is Nexo?
Nexo is not a classic crypto exchange but a platform for crypto loans and interest. You can deposit coins as collateral and instantly borrow stablecoins or EUR — without selling.
Nexo also offers a Visa card with crypto backing and an 'Earn' product paying interest on stablecoins and Bitcoin.
Pros and cons
- Crypto borrowing without selling (no KESt trigger)
- High interest on stablecoins (with NEXO-token loyalty)
- Nexo Visa card with cashback
- Insured custodial storage (Ledger Vault)
- Simple interface
- CeFi risk (custodial — coins held by Nexo)
- Best earn rates only with NEXO token
- No FMA registration
- Liquidation risk on loans
- History: SEC settlement in the US (2023)
What can I do at Nexo?
Nexo is primarily a lending and earn platform — you earn interest on coins you hold or take out crypto-collateralised loans. Spot trading is available but not the main focus.
| Service | Available? | Details |
|---|---|---|
| Earn (interest on coins) | Yes | Daily payout · tier system (Loyalty Levels) |
| Crypto loans | Yes | From 0% APR (with high loyalty) · LTV up to ~50% |
| Spot trading | Yes | Simple buy/sell, no classic order book |
| Nexo Card | Yes | Hybrid debit/credit · cashback in BTC or NEXO |
| Savings plan | Limited | Recurring buys available |
| Margin / futures | No | Not offered |
Current numbers
- Asset classes
- Earn / Lending / Spot
- Earn (stablecoins)
- up to ~14% p.a.
- Loan LTV
- up to ~50%
- Coins supported
- 60+
Staking yields (examples)
Nexo Earn yields are not PoS staking yields but lending interest. They depend on the loyalty tier and lock-up duration (Flex / Fixed Term).
| Coin | APY (indicative) |
|---|---|
| BTC | ~3–7% |
| ETH | ~3–7% |
| USDC/USDT (stables) | ~8–14% |
| NEXO (token) | ~6–8% |
Note: Offering and terms may change. Staking APYs are indicative figures (as of 2026) and fluctuate with the market. Only the provider's own data is binding.
Fees
Spot trading is very cheap at 0–0.2%. The real cost arises on loans: from 2.9% p.a. (with NEXO-token loyalty), otherwise up to ~14% p.a.
Card spending has no fee, but cashback terms depend on your loyalty status.
Security
Nexo uses BitGo and Ledger Vault for custody and is insured via Lloyd's. 2FA and whitelisting are standard.
CeFi risk remains: You give up control over your coins. In the event of insolvency you'd be registered as a creditor — like with Celsius or BlockFi (both went bust in 2022).
Taxes in Austria
Borrowing itself does not trigger a tax event — you're not selling. That makes Nexo interesting for Austrian investors who need liquidity without triggering KESt.
Interest income in Austria counts as income from capital assets and is taxed at 27.5% KESt. Nexo provides reports compatible with Blockpit.
Liquidation risk: If the price of your collateral coins drops sharply, Nexo may force-sell your position — which then does trigger KESt, on top of the price loss.
Who is Nexo for?
- Long-term holders who need liquidity without selling
- Stablecoin savers who want to earn interest
- Card users who want to spend crypto in everyday life
- Not suited for pure spot buyers (Bitpanda fits better)
Nexo: 7.6/10
Nexo is a <strong>specialist tool</strong>, not an all-rounder. For borrowing and the card it's one of the best offerings in Europe — but the <strong>CeFi risks</strong> are real. Only park part of your portfolio at Nexo and keep the bulk in your own wallet.
Nexo is a specialist tool, not an all-rounder. For borrowing and the card it's one of the best offerings in Europe — but the CeFi risks are real. Only park part of your portfolio at Nexo and keep the bulk in your own wallet.
Note: Some links on this page are affiliate links. If you sign up through them, we may earn a commission — at no extra cost to you. Funding is transparently disclosed. Editorial coverage is independent of individual sign-ups. Learn more
All content is for informational purposes only and does not constitute investment advice. Disclaimer & liability