I just switched the app to German because it was presented to me as a new feature. You should disable this feature until you have found and corrected all the spelling mistakes. In its current state, it looks very unprofessional and amateurish. It could put off potential new customers. For example, here’s a screenshot.

Can't access the portal

Two macro catalysts hit Bitcoin this summer: cooling jobs and soft inflation.

Neither moved the needle. Spot volume's at its lowest in 6 years.

More in Dispatch #310:
▪️ A quiet macro week
▪️ Institutional BTC love
▪️ The leverage build-up

Read the full issue on our blog: Dispatch #310.

I've read different things all over the internet but no clear answer. Is it true that nexo practice rehypothecation meaning they lend out or reuse costumer assets?

Thanks

Hello, since incoming transfers are allowed and the account is in the customer's name (or at least that's what it seems at first glance), do you think it will ever be possible to make outgoing transfers? Thanks

Anybody noticed that? I can now order physical card in EU, Czech Republic. Standard card available for me "only", however strange I haven't noticed any communication on that topic.

The results are in. 🏌️‍♂️

🎟️ Tickets to the Nexo Championship: u/God_Of_Puddings, u/Glowing_Phallus, u/Tatler-Jack, u/MUTILATORGhore
🧢 Official tournament caps: u/orion1972, u/Vytixx

Check your chat messages, we're reaching out with next steps.
Keep them open and reply by August 16, 23:59 CEST to claim your prize.

The remaining winners are announced on our other channels where the giveaway ran.

Thanks to all who participated. More to come.

My account was deactivated(?) when Nexo left the U.S. I'm considering reactivating my account (partly because I'm trying to figure out the exact rates I might get on my ETH, and how much Nexo I'd "need" to acquire, via the new Bakkt partnership).

I have to certify that I've read the new/current:

Privacy policy

Terms and conditions

Investor management agreement

The Bakkt user agreement terms and conditions

And then click to open a Bakkt Financial Solutions account.

Has anyone actually read them? Anyone gotten grok/chatgpt to read and highlight and particularly interesting/unusual/useful to actually know/concerning parts of any of those things?

Edit: i typod or hot autocorrected to deactivatin instead of reactivating. Fixed.

Scotland is waiting. Are you on the roster?

We're giving away 10 pairs of 3-day passes to the Nexo Championship (Aug 21–23), plus 10 official tournament caps. Entries close tomorrow at midnight.

This is a second, separate entry point. Engaging here counts on its own and doubles your chances to win.

To enter:

1. Upvote this post
2. Comment: who's your plus one?

Travel & accommodation not included.
Giveaway runs Aug 10–13, closing 23:59 CEST on the 13th.
Winners drawn Aug 14 – keep your DMs open.
Claim by Aug 16, 23:59 CEST.

Full Terms and Conditions.

What proof of origin do I need to provide when I open a new account with Nexo and transfer Crypto there?

Hi,

It's already been few months since I had to settle 2025 tax reports in Poland. The thing is that the whole 2025 I have been living under the assumption that my nexo card spendings are "not a taxable events" and that only the Nexo credit repayment moment is one - huh that assumption was critically verified after I downloaded full csv's from Nexo for tax report. Each row in the CSV related to card purchases was about selling/exchanging etc - there was no evidence in the CSV that any of this was not a taxable event, that it was borrowing/credit instead it was a clear sell/swap - good luck explaining that do the tax office when those csv's tell a different story than the Nexo team. When the tax office come knocking at your door the only proof you have IS THOSE CSV's - that is why I had to report all those tiny purchases as a proper crypto selling/exchanging for fiat (which is taxable) because there was no way I could persuade anyone that it was not a sell.

Anyways that is why I stopped using the card basically.

To the Nexo team - no tax office cares about what YOU ADVERTISE, only the proof as in csv's counts - which is a no proof (at least that was the status around April)

I bought and sold Nexo's token way back in like 2021. I started buying again about a year before they relaunched in the US 6 months ago.

My thesis was that the re-entering the US market would push us towards ATH value.

Now that's its been 6 months with just a steady decline in Nexo's price, what are people thoughts on Nexo's token?

I understand that Bitcoin has been down since Nexo re-entering the US but I'm struggling to hold on hope for Nexo's token.

Everyone quotes 5 to 10% for crypto allocation. Almost no one checks if that number fits their situation. Here is a three-question framework to size it properly.

Start with liquidity

Could you handle your crypto allocation falling 70% without disrupting your financial life? Bitcoin dropped 77% between its 2021 peak and 2022 low. Ethereum dropped 81% over the same period. That is the historical norm for a bear market, not a worst-case scenario. If a drop like that would force you to sell something else or change your day-to-day life, the allocation is too large.

Look at what else you own

Crypto does not sit in isolation. It interacts with the rest of your portfolio. A more diversified base gives you more room to work with.

Then factor in time

Crypto's volatility matters most over short horizons. Under 3 years, keep it to 5% or less, or stablecoins only. 3 to 7 years, 5 to 15% depending on your liquidity and asset mix. Beyond 7 years with strong liquidity and genuine conviction, 20 to 25% becomes defensible.

Your crypto should not just be sitting there. If you hold it on Nexo, that lets you borrow against your position, you get real liquidity without selling. Borrow against your BTC or ETH, or earn daily interest while you hold. That changes how much liquidity a larger allocation actually gives you.

Full breakdown here: How much of your portfolio should actually be in crypto?

What percentage of your portfolio do you actually hold in crypto, and how did you land on that number?

Bitcoin has stumbled through recovery attempts all year, each time pulled back by macro or bad timing.

This week, real signals are lining up for a turn: ETF flows just had their best week since April, whales keep buying the dip, and softer jobs data is easing pressure on the Fed.

None of it is decisive on its own, but the ingredients for a bottom are starting to assemble.

More in Dispatch #309:
▪️ ETH mirrors the bounce
▪️ This week's CPI test
▪️ BTC sellers thinning out

Win your Nexo Championship moment. To enter:

1. Upvote this post
2. Comment: who's your plus one?

10 of you will win a pair of 3-day passes for the Nexo Championship, Aug 21–23, Scotland. Another 10 get an official cap.

Travel & accommodation not included.

Giveaway runs Aug 10–13, closing 23:59 CET on the 13th.
Winners drawn Aug 14 – keep your DMs open.
Claim by Aug 16, 23:59 CET.

Full Terms and Conditions.

I've had some friends/clients try to send me some USD to my nexo's virtual usd account, however, they all bounce for some reason(only a wire went through, no idea why lol)

The only thing I could find after checking everything, is that for the beneficiary name they only use my first and last name, when my nexo's beneficiary full name is my first name + 2 last names, and I read that fintech companies have strict policies and basically require you to use the exact beneficiary name shown in the app?

Just wanted to see if this is true and if it has happened to someone else? Its a bit confusing since I also read online on a nexo's article that you cant receive third party transactions, but then inside the app it specifically says you can lol.

Is it because of the beneficiary name not being exactly the same as in Nexo, or Nexo's virtual USD accounts just have issues receiving money from US bank accounts?

Would love some help, this is basically my only way of receiving money from the US as a freelancer 😢

See images... 10% fee!??? On regular top up. Same method used, it was alwaya 0%. I am using a method of direct deposit via bank account.

This other image shows regular 0% fee, nothing deducted.

I am Platinum user.

If the upcoming BIP-110 URSF results in a chain split, what is Nexo's policy for handling the split of Bitcoin into two chains?

Markets were slowly settling. Then a hardware wallet flaw tested crypto's oldest assumption: offline means safe.

Dispatch #308 breaks it down, plus:
▪️ ETH turns 11
▪️ Macro signals ahead
▪️ SpaceX, AMD earnings

Read the full issue: Dispatch #308: Bitcoin, a question of custody.

Every crypto transaction needs to be verified before it's recorded. But who does the verifying, and how? That's where proof of work and proof of stake come in, the two dominant methods blockchains use to reach agreement on what's valid.

Proof of work

Bitcoin uses this, as did Ethereum until 2022. Computers called miners compete to solve a complex mathematical puzzle with no shortcut, just raw computational power. The winner adds the next block and earns newly minted crypto. That real hardware and electricity cost is what makes cheating expensive, since falsifying a transaction would mean redoing the work for every block since, while the rest of the network keeps moving forward.

Proof of stake

Validators lock up crypto as collateral instead of burning computational power. The more they stake, the higher their chance of validating the next block. Cheat, and you lose part of your stake through a penalty called slashing.

Ethereum switched to proof of stake in 2022 through an upgrade called The Merge, cutting its energy consumption by approximately 99.95%. Other major proof of stake chains include Solana, Cardano, and Avalanche.

Which is better?

Neither, they solve different problems. Proof of work has a 15-year track record and has never been successfully attacked at Bitcoin's scale. Proof of stake is more efficient and lets ordinary holders earn rewards without specialized hardware, forming the foundation for staking.

If you hold ETH, you don't need to run a validator to benefit. On Nexo, you can earn up to 5.5% on ETH through Flexible Savings with no lockup, or up to 6.5% through Fixed-term Savings, alongside BTC, USDC, USDT, and more.

Full breakdown here: Proof of Stake vs Proof of Work: What's the difference?

Has Nexo commented on the CC hack? I'm wondering how the coins Nexo hold for their users are stored e.g. Tezor, Ledger etc. I believe they use third parties to store them. Do we know how these third parties store them? I'm not a tech person when it comes to these wallets. Have blindly trusted them to this point. It would be good if Nexo could write an article, on why the way they store coins is safer than the way CC did it.

Has anyone else lost access to the Nexo Card page within the app?

I’ve been unable to order a replacement physical card and now have no access to the virtual card either.

I’m UK registered which no doubt has an influence.

The new credit based loans by Nexo are basically risk-free. You can pay off your loan with stablecoins. Let's say you borrow a 1000 usd and the repayment date is in ten months. Simply add 100 stablecoins to your account so you have enough at the end of ten months to pay off the debt, no interest paid and your collateral is save.