Nexo is a cryptocurrency-backed loan system created by Credissmo, a European Fintech company. The users can deposit the supported digital currencies into a Nexo wallet and can receive instant cash in EUR or USD. Nexo is an interest-bearing ERC20 security token which is marked as SEC compliant by the company markets. Initially, Nexo was distributed across as airdrop and then pushed across for token sale. Since 4th of June, 2018, the Nexo wallet’s deposit feature has been added, which enables the clients to stake their NEXO dividend tokens, which is a great step to create the industry’s first institution grade credit product.
The top 5 Nexo Wallets in 2020 are:
The Nexo token holders for this particular wallet, which is the official wallet for Nexo, are entitled to 30% of the profits as dividend payments. So they can enjoy passive income while being an owner of the assets. Even the Nexo holders can unlock the value of their assets without selling them and even can obtain an instant crypto-backed loan by using them as collateral. Nexo can even help the clients optimize their taxes as no sale occurs upon obtaining a loan against digital assets, hence is considered as one of the best Nexo online wallets.
Click here to Nexo wallet download
Ledger Nano S is expectedly one of the most popular hardware wallets which support more than 1000 tokens, which even include most of the ERC20 tokens, of which Nexo is an integral part. Ledger looks like a USB device, which when connected to your laptop, helps you store and transfer crypto assets with the help of a private key. Ledger Nano also provides backup and recovery by using a passphrase.
Click here to download ledger Nano S
Trezor is also a hardware wallet which is known to support most of the popular cryptocurrencies at affordable rates. The security features like hackproof, PIN code and passphrases make this wallet most chosen amongst the users. The device is pretty portable and just needs to be connected with any laptop. You can access, store and receive your digital assets seamlessly under one platform.
Click here to download Trezor wallet
MyEtherWallet is one of the best ERC20 token friendly wallet, which supports Ethereum and all other ERC20 tokens, of which Nexo is a vital part. MEW is one of the most trustworthy Nexo wallets, which even offers support to hardware wallets like Trezor, Ledger Nano S, etc. MEW’s companion app helps secure your funds by bringing hardware wallet type security to your mobile devices, be it iOS or Android, can be considered as one of he best Nexo wallets android and Nexo wallets iOS.
Click here to access MyEtherWallet
Metamask is a wallet, which can be added as an extension to any browser like Chrome, Firefox, brave and opera. You just have to add it and then it will work wonders. Metamask is one of the supported ERC20 wallets and hence supports Nexo as well. You can easily store and transfer Nexo tokens with the help of Metamask, hence it is friendly to all sorts of users- beginners or experts.
Click here to access Metamask
CoinSwitch enables businesses to convert over 300 cryptocurrencies with our powerful Fixed and Dynamic rate APIs. CoinSwitch exchange APIs are being used by many top cryptocurrency wallets across the globe like Trezor, Exodus, imToken, Guarda etc. Are you interested in providing your users an option to exchange coins within the wallet? For more information please reach out to firstname.lastname@example.org or refer our API documentation.
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