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How to buy NEXO (NEXO) in the UK

Learn how to buy NEXO (NEXO) in our step-by-step guide.

Where to buy NEXO in the UK

It looks like NEXO may not be available to purchase on an exchange in the UK.

You can still purchase NEXO by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase NEXO using a decentralised exchange.
  1. Find NEXO on a decentralised exchange and make sure NEXO can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for NEXO using an exchange like CoinJar. You will need to purchase enough ETH to swap for NEXO as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for NEXO on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the NEXO tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

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

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

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 ($0.664183 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: $0.664183
ATH date: May 12, 2021
16.32%

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.
  1. Nexo
  2. CoinGecko
  3. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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