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How to buy NEXO (NEXO) in Canada

Learn how to buy NEXO (NEXO) on 11+ crypto exchanges in our step-by-step guide.

NEXO
NEXO- USD
$0.67
- $0.04 ( - 5.78%)
MOBILE-PAYMENTS

You can buy NEXO (NEXO) on a cryptocurrency exchange like Bybit. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. SingularityNET is a decentralised artificial intelligence (AI) marketplace. Here's how to buy NEXO.

How to buy NEXO in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy NEXO is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, simplex, banxa and xanpool payments are widely accepted.
  4. Buy NEXO
    You can now exchange your funds for NEXO. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your NEXO to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy NEXO in Canada

Find an exchange to buy, sell and trade NEXO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 8
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

245
cryptocurrencies

Cashback on deposits over US$1,000 + zero fees on spot trades. T&Cs apply.
Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
CA residents: Bybit is not currently available to Ontario-based users.
Binance Cryptocurrency Exchange
AdvCash, Cryptocurrency, Bank transfer (SEPA), P2P, Bank card
GBP, EUR, AUD, USD, NZD

347
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
CA residents: Binance is not currently available to Ontario-based users.
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Nexo Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Credit or Debit Card
USD, EUR, GBP

56
cryptocurrencies

Earn up to a 12% yield on dozens of crypto assets with Nexo - an audited and insured CeFi platform.
Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Neteller, Skrill, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy NEXO?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy NEXO?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading NEXO.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing NEXO with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy NEXO?

Once you've created an account, you will need to deposit funds to buy NEXO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy NEXO:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase NEXO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for NEXO on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy NEXO?

The easiest way to buy NEXO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying NEXO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of NEXO has been performing recently.

Best NEXO wallets to store your NEXO

You can keep your NEXO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your NEXO below.

Ledger Nano X Wallet

TREZOR Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,450+

Price (USD)

$149

Price (USD)

$213

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is NEXO a good investment?

When purchasing any cryptocurrency make sure to understand the unique risks associated with the token, as well as the volatile nature of the marketplace. In particular, buyers of NEXO may want to consider the following:

  • Competitors. Cryptocurrency platforms striving to provide users with traditional financial tools for digital assets. BlockFi, Gemini and Gate.io are among the centralised exchanges offering yield to lenders looking to put their unused crypto to work.
  • Security. Nexo employs an over-collateralised lending model. Over-collateralised loans means that borrowers must deposit more funds than they borrow and ensures that lenders assume minimal risk. Lenders are also covered by Nexo’s insurance policy in the event of a hack, theft or loss of private keys.
  • Returns. Nexo offers competitive industry yield rates. Investors are incentivised with higher returns and deposit limits for holding a percentage of their portfolio in the NEXO token.

Additional information about NEXO can be found using our NEXO analysis tools.

Today's NEXO price versus ATH

Compare today's price of NEXO ($0.709694 USD) against its all-time-high price of $4.07 USD on 12 May 2021. The closer the bar is to 100%, the closer NEXO is to reaching its ATH again.

NEXO's price: $0.709694
ATH date: May 12, 2021
17.44%

NEXO ATH: $4.07


How to trade, convert or sell NEXO

You can convert or sell your NEXO with the same exchange you bought it through:
  1. Sign in to the exchange you have NEXO on.
  2. If you store your NEXO in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of NEXO you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of NEXO.
  6. Complete your transaction and move your NEXO to a wallet for storage.

Disclaimer: Cryptocurrencies, including NEXO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of NEXO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the NEXO or any other cryptocurrency discussed.

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