If you didn’t already know, NEXO is a lending platform and Crypto.com is a VISA card that recently launched it’s lending service, however, one may have more features than the other. I personally prefer Crypto.com more and so; we will compare each other to find out why.


What does NEXO offer?

  • Holding NEXO tokens will get you 30% of their net profit, as dividends.
  • Holding other crypto assets can earn you 6.5% interest on your crypto.
  • NEXO does not offer a card yet, however, they are advertising a Mastercard on their website. I decided to add it in this list, assuming it will be available in the near future.
  • NEXO supports deposits of 12 currencies (BTC, ETH, NEXO, BNB, XRP, LTC, TUSD, USDT, USDC, PAX, DAI, and EUR) of which 6 can be lent (NEXO, BTC, BNB, ETH, XRP, and LTC), and 6 can earn you interest (TUSD, USDT, USDC, PAX, DAI, and EUR). It’s important to know that holding XRP, BTC, and ETH will earn you interest soon as well, according to NEXO’s website.
  • The platform can work as a fiat gateway via bank transfers.
  • NEXO has an instant crypto credit line with no credit checks, and no hidden fees, while takes only 8% interest per annum. The 8% APR is valid only if the loan is made or paid with NEXO tokens, otherwise, it would be double (16%).

The whole idea behind these platforms is to offer people a way of spending their crypto without selling it. If you have 100BTC on NEXO for example, you can loan up to 50% of the value. While NEXO is trading with your Bitcoin (or other cryptocurrencies), you can loan half of your BTC value, while still owning the same amount of Bitcoin; meaning if BTC gains value, you will be able to take profit and also cover the loan after one year. A long-termer could invest the loaned money in other cryptocurrencies, or withdraw it to the bank account for different reasons; it’s a win-win situation for both the customer and NEXO. If the price of that specific cryptocurrency falls near the loan amount, NEXO will liquidate to recover its money. The only downside is that you can’t trade the currency you own until you fully pay the loan, so this method is not ideal in the short-term.

Earning 6.5% interest for holding crypto on the NEXO platform is a great way to earn passive income. According to NEXO’s calculator, holding $2,000,000 (example) worth of stable coins on their platform will earn you $345 a day, around $10,378 a month, and 130,000 a year. If you think about about it, this is great since an average salary can range around $30,000 a year, more or less, depending on the area you live in.

Moving on, why is Crypto.com better and what does it offer?

  • Crypto.com offers a feature called “invest”, which allows users to deposit crypto in a specific portfolio, and the A.I does the trading for them, based on the chosen risk type.
  • Customers can actually use Crypto.com as an exchange and as a fiat gateway. Crypt.com’s fiat gateway is faster than NEXO’s while charges the same 0% fee. NEXO uses bank transfers and crypto.com allows card deposits, which is definitely a big plus over NEXO.
  • Crypto.com provides its customers with free Visa cards in order to spend their crypto anywhere. The customers may need to lock various MCO amounts for 6 months, in order to get different card tiers, in different colors and with various benefits; however, customers can apply for plastic cards that not require locking up MCO, as soon as they are registered on the platform. Not to mention that some cards offer free Subscriptions for services like Spotify, Netflix, and so on.
  • Crypto.com offers all the features mentioned above via a mobile app, available for both IOS and Android operating systems. The app is pretty nifty, secure, looks and it works great.
  • Same as NEXO, Crypto.com offers an instant loan feature and similar ways of earning interest; however, Crypto.com is currently lending against BTC only.
  • Crypto.com currently supports deposits of 14 cryptocurrencies (BTC, ETH, XRP, LTC, CRO, MCO, USDM, KNC, BNB, PAX, OMG, TUSD, and BAT) while the earning system supports only 3 cryptos(BTC, TUSD, and PAX).

Crypto.com is allowing investors to earn interest by holding cryptocurrencies in “Earn” for up to three months. Having MCO staked (for the card) during 3 months will earn investors 8% of interest p.a(per annum), during 1 month will bring up 6% of interest-earning p.a, and there will be a third option that will open the doors to flexible periods of time pretty soon. If the investors don’t have staked MCO, they will receive 2% less interest with every period mentioned above. There is no time limit for earning interest and it will be paid in the same cryptocurrency used in “Earn”, every 30 days, while the customers have the option to withdraw at any time.

While Crypto.com does not offer 30% of its net profit to the MCO holders as NEXO does, is offering a way to stake CRO, for an unlimited period of time, earning you 12% interest p.a, paid daily.

The lending interest is the same for both platforms, 8% APR without time limits, and no credit checks, but keep in mind that the 8% APR on NEXO could turn to 16% if a loan is made, or paid with any other cryptocurrency than NEXO tokens. Crypto.com has a great advantage here.

Crypto.com only lends against Bitcoin at the moment and MCO lending should be available in the near future. Comparing it to NEXO, it’s a great disadvantage in this case. Crypto.com is also offering a 40% loan, which is 10% less compared to NEXO.

Why do I think Crypto.com is better?

Platform-wise, crypto.com is better because it has more features, and the cards themselves, are providing customers with various benefits, from free subscriptions, booking discounts, to up to 5% cash-back, depending on the card (plus, you don’t need to loan in order to get one). Investment wise looks like Crypto.com has all the cards in its favor as well, because it can generate more passive income p.a; however, in the long run, you should keep an eye on NEXO, because 30% of dividends can mean a lot if NEXO will generate several hundred millions in net profit.

I personally don’t mind having fewer lending options and the 10% less lending amount on Crypto.com also isn’t a big issue for me.

Note: This is not financial advice, nor a paid comparison but just my personal opinion. Investing in cryptocurrencies is considered high risk, the reader should do his own due diligence before investing.


  1. There are a few erroneous statements here regarding NEXO. i.e. they dont currently offer a card to users (yet) and the list of accepted currencies currently sits at 8, if you count stablecoin variants of USD such as PAX, TUSD, USDT, USDC, then that goes up to 12. Also, You should note that the 8% APR on Nexo loans only applies when either using NEXO tokens as collateral, _OR_ when using NEXO tokens to pay on the loan, otherwise the standard APR is 16%.


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