YieldHow safe is Nexo,
really?
Instead of a vague 'trusted' badge, we grade Nexo on five concrete, checkable criteria — each with sources. Here's exactly how it scores.
Criterion by criterion, with sources
- ✗
Regulation
In January 2023 — SEC settlement of $45M over securities-law violations (the Earn Interest product was deemed an unregistered security). Source →
- ✓
Proof-of-Reserves
Publishes a daily Real-Time Attestation by Moore (replaced Armanino in late 2022). Reserves cover liabilities 100%+. Source →
- ✓
Flexible withdrawal
Flexible Earn is available for most assets. Fixed-term offers a higher rate but with a lock. Source 1 → Source 2 →
- ✓
Insurance Fund
$775M insurance via BitGo and Ledger Vault. Covers all hot-wallet assets. Source →
- ✓
Track record (2+ years incident-free)
Operating since 2018. In January 2023 Nexo paid $45M to settle with the SEC and US states over its Earn Interest Product, and in October 2022 Bulgarian authorities raided its Sofia offices; that probe was dropped in December 2023 and Nexo has since filed a $3B arbitration claim against Bulgaria. These are regulatory and legal matters. We found no hack, withdrawal freeze or loss of client funds, so it passes our two-year rule. Source 1 → Source 2 → Source 3 → Source 4 →
Current earn rates on Nexo
| Asset | Rate | Type |
|---|---|---|
| DOT | 8.0 % | flexible |
| KSM | 7.0 % | flexible |
| ATOM | 6.0 % | flexible |
| BCH | 4.0 % | flexible |
| TRX | 4.0 % | flexible |