In this guide, we will show you how to buy Nexo in 2021. By the end of this guide, you’ll know everything about the Nexo ICO and its token sale.
The Nexo token buy is a process that can be done in two ways. You can either purchase the tokens on an exchange or by using the Nexo debit card.
Nexo is one of the most popular cryptocurrency-focused platforms in the world, with over 1,500,000 members worldwide. Although, considering how highly its consumers have praised its services, this may not be altogether unexpected.
Who wouldn’t want to be able to earn double-digit income on a daily basis, as well as borrow, transfer, and spend their favorite cryptocurrencies all over the world? Knowing this, you’re probably wondering how to get Nexo.
Nexo’s native cryptocurrencies, such as the Nexo Token, have contributed significantly to the ecosystem’s overall development, yielding over $10 million in dividend payments to its holders in the past three years. Holding money in your Nexo account not only allows you to earn greater interest, but it also allows you to get cheaper interest rates on your loans.
Alternatively, you might keep it for its resale value. Read on to learn how to add Nexo to your portfolio if you want to be a part of this new and exciting future.
HOW TO BUY NEXO TOKENS IN A SNAP
1. Go to HitBTC and sign up for a new account by clicking the ‘Sign Up’ button. 2. Complete the registration procedure, including email authentication, as directed, and then enable optional 2-factor authentication (2FA) to enhance account security. You may also submit papers to have your identity confirmed in order to get access to more services. 3. Select either a fiat purchase of cryptocurrencies (which you can subsequently convert to NEXO) or a direct deposit of cryptocurrencies from another account into your new HitBTC wallet by clicking the ‘Deposit’ button. 4. Deposit with fiat – If you prefer this method, click on ‘Deposit,’ and then on the ‘Buy Bitcoin With Credit Card’ banner to buy Bitcoin (BTC) or Ethereum with your credit card (ETH). 5. Deposit with cryptocurrencies — If you prefer this method, go to the wallet page and click on ‘Deposit,’ then select the coin you want to deposit into. Then, under the ‘Deposit’ column of the table, click the ‘+’ (plus) sign. 6. Once you’ve added cryptocurrencies to your HitBTC wallet (through one of the aforementioned methods), go to the ‘Exchange’ tab to access the trading interface. Now, in the ‘Instruments’ panel, look for “NEXO.” Then, based on the tokens you have, select the trading pair you’d want to purchase NEXO with. Use the market limits to have it done automatically, or enter your desired purchasing price and quantity.
Top 5 Exchanges to Purchase Nexo
Nexo’s native NEXO coins are among the most valuable tokens today, with a market capitalization rating of #60 at the time of writing this how to purchase Nexo article. As the Nexo platform’s user base grows, NEXO tokens continue to be utilized and accepted quite widely in day-to-day usage.
Because Nexo prefers that you purchase NEXO tokens via its own platform, it’s predictable that finding NEXO tokens elsewhere is tough.
Even the most renowned and biggest cryptocurrency exchanges, such as Binance, Kraken, Coinbase, and others, do not have their NEXO tokens. You can always utilize services like CoinMarketCap or CoinGecko to get a complete list of all markets where NEXO is available for purchase.
Huobi, HitBTC, and Hotbit are among the large-cap exchanges, as are HitBTC and Hotbit. You’re stuck with decentralized exchanges otherwise.
A Step-by-Step Guide to Purchasing Nexo
Next up in our Nexo buying guide, we’ll walk you through a step-by-step procedure for getting your hands on NEXO tokens. We’ll be utilizing HitBTC for this example, but you could simply follow our procedures to cover everything from signing up for an account, depositing money, and then purchasing NEXO. There will be distinctions, particularly if you intend to utilize a decentralized exchange (DEX) like Uniswap or 1inch.
For now, we suggest sticking with traditional, centralized markets for novices and casual users. While each exchange will have its own set of features, such as deposit choices, whether you’ll need to fill out KYC and AML paperwork, and how the trading process works, each exchange will be distinct. Nonetheless, the HitBTC samples provided here should give you a decent sense of what to anticipate while learning how to purchase Nexo.
Step 1: Sign up for a HitBTC account.
To begin, you must first register and create an account on the HitBTC exchange. However, before we do anything further, double-check that you’ve visited the genuine HitBTC website and not a fraudulent clone of the site. This may be extremely deceptive, as you may be enticed into giving up your personal information to a false HitBTC website, as well as enabling a fake HitBTC website to download all viruses and malware onto your machine.
The simplest method to accomplish this is to look at the URL and see if there are any mistakes in the spelling. This is not the genuine HitBTC website if it reads ‘hitbtc.om,’ ‘hiibtc.com,’ or anything like. Because these distinctions may be subtle, pay careful attention. In most cases, though, Googling “HitBTC” will bring up the real website at the top of the search results.
Once you’re on the official HitBTC website, hover your cursor over the large red ‘Sign Up’ tab in the top right corner.
To continue and create an account with HitBTC, click here and then follow the on-screen instructions. This is easy enough, however when signing up for our Nexo buying advice, we suggest using a difficult password.
Another essential point to remember is that, like other cryptocurrency exchanges, HitBTC allows you to create an account for free. This is in contrast to traditional banks, which may demand a modest initial deposit.
Step 2 – Complete the HitBTC Account Set-Up Process.
HitBTC will send an authentication link to your email address after you’ve completed the first registration process. Don’t be frightened; this is standard procedure for almost any other digital or online business to ensure that you’ve given permission for this account to be created using that email address. Locate the email in your inbox, and then click the authentication link given. This should redirect you to HitBTC, since you’re one step closer to completing the account setup.
Before we go any further with our how to purchase Nexo tutorial, make sure your new HitBTC account has two-factor authentication (2FA). Although this is technically an optional step, we strongly advise you to enable it to enhance the security of your account.
After signing in, go to your account settings and click on the gear symbol in the top right corner. You may then use an authenticator software like Google Authenticator to complete the process.
For activities like login into your account or withdrawing money from HitBTC, you’ll now be prompted to verify using 2FA codes. This is done to guarantee that only you and you alone may approve these critical activities.
Another alternative step is to verify your identification by providing certain personal information and papers. This is only required if you intend to trade in big quantities or use certain services; it is not required to learn how to purchase Nexo.
Step 3 – To fund your HitBTC account, choose a deposit option.
Depositing money into your HitBTC account is the next step in our how to purchase Nexo tutorial. These funds will be used to purchase NEXO tokens in the future. Other exchanges may provide different choices, however in the case of HitBTC, there are usually two options.
The first is to purchase Bitcoin (BTC) or Ethereum (ETH) using your Mastercard or VISA credit card (ETH). We may then use NEXO to swap any of these two tokens.
Unfortunately, if you don’t have any cryptocurrencies on hand, this is the simplest route to take. Alternatively, you may transfer cryptocurrencies directly into your HitBTC wallet, which we will then exchange for Nexo’s NEXO tokens.
This is the better of the two options since it requires fewer steps and allows you to avoid paying the processing costs associated with purchasing cryptocurrency using a credit card. We’ll examine at both choices in our Nexo buying guide.
Step 4: Using a Credit Card to Purchase Cryptocurrencies
Our first option would be to use a credit card to purchase some bitcoins. As of the writing of this tutorial on how to buy Nexo, you can only pay with a credit card; no bank transfers, PayPal, or other third-party payments are allowed.
If you agree, move your mouse to the top right corner of the HitBTC website and select the ‘Deposit’ option, which is highlighted in green lettering and has a tiny ‘+’ (plus) sign. You’ll be taken to your HitBTC wallet as a result of this.
Alternatively, you can get to the same page by clicking on the ‘Account’ button in the top left corner. On the wallet page, there is a big banner at the top that says, “Buy Bitcoin With Credit Card.” When you click here, you’ll be sent to a check-out-style screen where you may select and enter your fiat currency, the kind of cryptocurrency you want to purchase (currently just Bitcoin and Ethereum), the quantity you want to buy, and the payment provider.
This option allows you to choose between Moonpay and Banxa for Mastercard or VISA, as well as ApplePay. Otherwise, this is a pretty easy procedure to follow. Fill in all of the information as shown on the screen, and the purchase procedure should be quick. You may use either Bitcoin or Ethereum to acquire Nexo in our how to buy Nexo tutorial, since both have trading pairings.
If you’ve already done so, go to Step 6 to learn how we can replace them with Nexo.
Step 5: Fund Your HitBTC Wallet with Cryptocurrencies
In addition to making a cash purchase, you may deposit money into your HitBTC wallet using cryptocurrency. However, before we look at how to purchase Nexo, it’s important to know that not all cryptocurrencies are compatible with Nexo.
Only Bitcoin (BTC), Ethereum (ETH), and the USD Tether (USDT) stablecoin may be used to trade NEXO tokens. You should only deposit one of the three tokens to avoid having to change them over again.
To return to your wallet page, click the green ‘Deposit’ button in the top right corner or the ‘Account’ tab in the upper left. Examine the extensive list of cryptocurrencies with which HitBTC is officially compatible. To make things simpler, you may utilize the search bar. Now, locate the cryptocurrency with which you want to make a deposit. If you want to avoid any extra trouble, stick to BTC, ETH, and USDT.
Let’s take a look at a Bitcoin deposit as an example. Find Bitcoin (or its ticker symbol, ‘BTC,’) and then click the ‘+’ sign next to the row under ‘Bitcoin’ in the table inside the wallet page’s ‘Deposit’ column. After that, you’ll be given a QR code as well as a complicated Bitcoin deposit address.
It’s worth repeating that this step should be taken with caution, and that you double-check that you’ve chosen the correct coin. You’ll need to withdraw BTC from somewhere else in order to deposit BTC into HitBTC.
For example, if you withdraw Ethereum (ETH) and deposit it into a Bitcoin (BTC) address, your Ethereum may be permanently destroyed and unrecoverable. With this in mind, just copy the Bitcoin address you see on HitBTC and paste it character by character into the withdrawal page at whatever Bitcoin exchange you’re withdrawing from. Long cryptocurrency addresses are made up of a complicated combination of numbers, symbols, and characters.
Double-check this address for any missing characters, since doing so may result in the transfer failing or you accidentally transferring your bitcoins to someone else.
Scanning the QR code shown on the HitBTC deposits page will make this process much simpler. If you’re withdrawing Bitcoin from a mobile wallet app on your phone, for example, just scan the QR code with your camera, and the correct address should be immediately entered.
After that, just choose the amount of Bitcoin you’d want to deposit from the other wallet and wait for it to be verified before it appears in your HitBTC wallet. It’s possible that this will take some time.
Some other cryptocurrencies, such as extra tagging or IDs, may need additional information during the deposit procedure into your HitBTC wallets. The same procedure applies here; just copy the data from your other wallet’s withdrawal page and double-check.
Step 6: Convert your cryptocurrency to Nexo (NEXO) tokens.
You should already have some money in the form of cryptocurrencies in your HitBTC wallet at this point in our Nexo buying tutorial. Following that, we may begin exchanging (or swapping) those tokens for Nexo’s NEXO. Find and click on ‘Exchange’ in the top left of the HitBTC website, along with the navigational tab. This will take you to HitBTC’s main trading area, where you may buy, sell, and trade cryptocurrencies.
The interface is divided into distinct windows or panels to make it simpler to read. Use the search box in the ‘Instruments’ window, which is in the center, to put in “Nexo.”
This should bring up every trade pair that may be used to exchange NEXO tokens. You may then filter the precise trading pair matched to NEXO tokens by clicking around the tiny tabs underneath the search box, such as ‘BTC’ or ‘ETH.’
Only three trading pairings are available with Nexo’s NEXO tokens, as we stated previously in our how to buy Nexo guide: BTC/NEXO, ETH/NEXO, and USDT/NEXO. If you were unable to deposit Bitcoin, Ethereum, or USD Tether into your HitBTC wallet, you must first exchange those tokens for one of the three. You won’t be able to purchase NEXO otherwise. Let’s go to the ‘Buy NEXO’ panel, which is located to the right of the ‘Instruments’ window.
Assume you wish to purchase Nexo using Bitcoin. After you’ve chosen this trading pair, you may purchase NEXO tokens through ‘Market,’ ‘Limit,’ or ‘Scaled’ trading. We’ll focus on the first two for the time being.
‘Market’ trading will automatically determine your purchasing price and then complete your order in real time based on market prices specified in the order books. You’ll only need to provide one input: the amount of Bitcoin you’d want to sell to purchase Nexo.
If you don’t want to spend too much time, this is a really fast and easy alternative. However, it does not offer you as much control as ‘Limit’ trading since the amount of NEXO you get is determined by the market. You may match and adjust your pricing more granularly using ‘Limit,’ giving you additional possibilities to manipulate the market and order books.
You may enter your desired purchasing price and let the order wait on the HitBTC exchange until a matching selling price is found in the order books.
Nexo Wallets: Which Are the Best?
If you’ve made it this far, you’ve earned yourself a few NEXO tokens. Following up on our step-by-step tutorial, we thought it would be doubly beneficial to provide some storage options for your sparkling new Nexo cryptos. Why not simply store it in your HitBTC wallet, you may wonder? Although cryptocurrency exchanges have significantly improved their security, storing your funds in an exchange account is not the most secure method of safekeeping.
We should consider having a separate cryptocurrency wallet set up to keep our Nexo tokens secure instead of joining the many billions of dollars lost via hacking and cyber theft operations. There are two kinds of cryptocurrency wallets: software-based “hot” wallets that provide always-on connection and hardware-based “cold” wallets that provide secure storage. Apart from the Nexo app, here are some of the finest for our Nexo buying guide.
Additional Nexo Information
Nexo is a digital banking and financial services platform that allows customers to apply for cryptocurrency-backed loans and establish cryptocurrency-bearing interest accounts quickly and simply. You may obtain immediate credit lines to borrow cash or stablecoins for as little as 5.9% APR with support for 18 different cryptocurrencies and a handful of fiat currencies. On the other hand, you may deposit crypto and fiat assets and earn up to 12% annual interest delivered daily.
Nexo, which has rapidly expanded to a huge userbase, currently manages more than $12 billion in assets and is accessible in over 200 countries across the globe in approximately 40 different local fiat currencies.
They’ve subsequently extended their crypto-focused banking platform with the Nexo Card, a Mastercard and VISA-powered debit card that lets you spend cryptocurrency and earn 2% cashback at over 40 million retailers across the globe.
Conclusion on How to Purchase Nexo
We can now wrap up our Nexo buying guide, hoping that our step-by-step instructions were helpful in your search for a slice of the NEXO pie. There’s little question that Nexo, like its rivals in the digital-only banking industry, will profit from the continuing widespread acceptance of digital assets such as cryptocurrencies or stablecoins. Banks have never been associated with the words “fair,” “accessible,” or “equitable.” At least before Nexo got involved.
The buy nexo token with credit card is a step-by-step buyer’s guide that will teach you how to buy Nexo in 2021.
Frequently Asked Questions
How do I buy with Nexo?
You can buy with Nexo by going to the Buy Now button on the top of this page.
Can I buy Nexo on Coinbase?
Yes, you can buy Nexo on Coinbase.
Where can I get Nexo?
Nexo can be found on the PSN Store for $14.99 USD.
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