Since Nexo is quickly becoming one of the most attractive and undervalued tokens in the crypto space, more and more investors are starting to ask where to buy Nexo in an easy and effortless way.
In this article we’re going to explain how to buy Nexo token in an easy and cheap way. Before we jump on the buying guide, I’d like first to explain a bit more about the project.
What is Nexo?
Nexo (NEXO) is a token that serves as the underlying asset of the Nexo next generation cryptocurrency digital finance platform. Since 2018, Nexo has strived to bring professional banking services to the world of digital assets. Thanks to being able to leverage the best of the team’s 13 years of experience in FinTech along with the power of blockchain technology, Nexo has quickly become able to give thousands of people the ability to unleash the full power of their crypto assets, in order to shape a new, better financial system.
Nexo has already gained the status of the world’s largest and most trusted lending institution in the decentralized digital finance industry. So far, Nexo has processed more than $3 billion for 800,000+ clients in 200+ countries. The platform is continuously expanding and evolving, providing innovative blockchain earning opportunities such as crypto credit and debit cards.
Most recently, Nexo has launched the very anticipated Earn on Crypto feature, that gives clients the opportunity to earn up to 5% interest on their crypto, including BTC, ETH, XRP, XLM, LTC, BCH, EOS, LINK, and up to 10% on their stablecoins and fiat, including USDT, USDC, DAI, TUSD, PAX, EUR, and GBP.
This entire vast suite of cryptocurrency investing services is powered up by NEXO — a unique token that can provide regular passive income to token holders in the form of 30% taken from the company’s profits. The latest dividend payout to NEXO token holders took place in August 2019, and has reportedly amounted to almost $2,500,000. Apart from the dividends, NEXO token also enables its owners to enjoy discount interest rates (-50%) on Nexo’s Instant Loans.
Given all the benefits that come from owning NEXO, it’s no wonder that the token is quickly gaining market capitalization, and every day more and more crypto enthusiasts want to know how to invest in NEXO easily and effortlessly.
1. Create an account on the Coinuma exchange
NEXO is a token that quickly gains popularity, which means that the number of exchanges where you can buy and sell NEXO keeps increasing.
Unfortunately, many of the exchanges that have so far added NEXO support have suboptimal user experience and don’t allow people to purchase innovative tokens like NEXO in a problem-free way. On some exchanges, it can even take days before you’ve completed the troublesome and lengthy verification process that allows you to finally, buy and sell cryptocurrencies.
In the rapidly evolving blockchain ecosystem, in which the price volatility causes life-time opportunities to come and go within days or even hours, demanding investors are always looking for the ability to purchase promising coins in the quickest and most problem-free way possible.
That’s why in this guide we will only focus on describing how to buy NEXO using Coinuma — the exchange that will allow you to buy NEXO in a fast and efficient way.
Registering on Coinuma is quick and easy, and will enable you to purchase NEXO without requiring you to complete an unnecessarily long verification process. To register an account, simply go to Coinuma.com, and click “Sign up”.
Coinuma is an exchange that respects your privacy, so you won’t be asked to provide any vulnerable or personal data. You only need to type in a contact email address and set up a password, and that’s it! After confirming the email address, you can log in to Coinuma
2. Transfer funds to your Coinuma account
First, in order to be able to purchase NEXO on Coinuma, you will need to fund your account. Coinuma is a strictly cryptocurrency-focused exchange, so if you’re not already a crypto owner, you will first need to purchase cryptocurrencies such as Bitcoin or another coin of your choice through a fiat-accepting crypto exchange like Coinbase, with a Bitcoin ATM, or through another method of your preference.
Coinuma allows you to exchange NEXO for either Bitcoin (BTC) or Tether (USDT). If you already own these coins, you can transfer them to Coinuma to easily use them for direct purchase of NEXO. If you are not a Bitcoin or Tether owner, or you simply don’t want to use these cryptocurrencies to buy NEXO on Coinuma, you can use any other crypto from the long list of coins supported.
Besides Bitcoin, Coinuma supports all the most popular coins and tokens such as Bitcoin Cash (BCH), Ethereum (ETH), Chainlink (LINK), Dash, Litecoin (LTC), USDT, and many others. You can check the full list of all cryptocurrencies supported by Coinuma here: https://coinuma.com/assets
After you have decided which cryptocurrency you want to use to fund your Coinuma account with, you don’t have to wonder how to invest in NEXO for much longer. Simply transfer cryptocurrency to the wallet address provided on your Coinuma account, and move to the next step, in which you will learn how to purchase NEXO on Coinuma using the example of Bitcoin, but remember that the process of buying NEXO with USDT is exactly the same.
3. Buy NEXO with Bitcoin
You’ve almost become a NEXO investor! Since you have funds on your Coinuma deposited already, purchasing the NEXO token will just take seconds. Since Coinuma is an exchange focused on optimizing user’s experience by minimizing the number of steps required to buy and sell cryptocurrencies, you won’t have to worry about how to buy NEXO any longer.
First, you need to go to the NEXO/BTC trading pair page. Either use the Coinuma search bar and type NEXO in it, or use a direct link: https://coinuma.com/exchange#NEXOBTC
From there, all that remains is typing in the amount of NEXO you want to purchase. Type in the amount of NEXO you want to buy, or the amount of Bitcoin you want to exchange and confirm the transaction. And that’s it! You’ve just become a NEXO investor, and you can proudly declare yourself an owner of one of the most promising coins in the crypto ecosystem.
4. Secure your NEXO tokens
After you have successfully purchased NEXO, you can either keep trading it on Coinuma, or send it to a wallet of your choice. NEXO can be stored on a dedicated wallet called Nexo Wallet, which can be downloaded from the official Nexo website, and which grants its users unique benefits. Since NEXO is an ERC-20 token, it can also be stored on popular hardware wallets like Ledger or Trezor, or on any software wallet that supports Ethereum token.
Sending cryptocurrency from Coinuma to your wallet is just as simple as depositing coins. Simply go to your account balance, type in the amount of NEXO you want to withdraw, paste your wallet address, and confirm. Your NEXO tokens will be securely and quickly transferred to your wallet.
Alternatives — Other places where you can buy Nexo
Are you wondering where to buy NEXO other than on Coinuma? You can look online for a list of all exchanges that support the NEXO token. As NEXO is quickly growing in market capitalization in popularity, many exchanges are looking to provide their users with the ability to purchase NEXO. Since the goal of this guide was explaining how to buy NEXO in the easiest and quickest way, we only focused on Coinuma — an exchange that thanks to being focused on problem-free user experience enables investors to purchase NEXO tokens in a minimal number of steps.
NEXO is a token that’s quite unique for a variety of reasons. Not many other cryptocurrencies have such an impressive team and such a great number of partnerships behind them. The NEXO tokens have a serious real-life use case, as they power up a quickly expanding cryptocurrency earning platform. Given these facts, many investors start to think that the market capitalization and the price of NEXO will continue to grow in the foreseeable future.
It’s quite surprising that at the time NEXO is listed only #121 on CoinMarketCap. Since the token is built on such solid fundamentals, such low market capitalization suggests that NEXO is greatly undervalued, and a large number of crypto enthusiasts is looking for ways how to invest in NEXO quickly, before the token reaches the CoinMarketCap’s Top 100 list and a market correction causes the price to rise rapidly.
Fortunately, thanks to exchanges like Coinuma that allow people to purchase innovative and promising cryptocurrencies quickly, you won’t ever have to worry about missing a lifetime opportunity ever again.