Provider at a glance
- Category
- Crypto-Backed Loans
- Entity
- All 4 Nexo products
- Official website
- nexo.com
Independent rankingchecked How it works
Details
Scored 53 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Nexo
Crypto-backed credit line
Crypto-Backed Loans
#4 Overall
Ranked #4 of 5 crypto-backed loans in the published ranking
53
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Nexo right for you?
Look elsewhere if these come first
- If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?1/10 here; Ledn scores 5
- Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?1/10 here; SALT Lending scores 6
- Can you compute your total cost, at your tier, before you apply?3/10 here; Ledn scores 7
- Which entity actually becomes your creditor, and does a register say it may lend?2/10 here; SALT Lending scores 7
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best crypto-backed loan shows where it lands for you.
What will Nexo cost you?
Not priced on this basis
- Amount borrowed
- $10k
How safe is Nexo?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Nexo
Compare all 4- 2Ledn22 points above · stronger on collateral title and reuse (5 against 1)75
- 3SALT Lending11 points above · stronger on margin call and forced sale (6 against 1)64
- 5Milo1 point below · stronger on collateral title and reuse (4 against 1)52
For your setup
Find out if Nexo fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Nexo lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best crypto-backed loanNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Nexo ranks #4
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (5.2 here) sit inside the score; availability, friction, trust record and measured data add the rest.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
341+1.094.05#4/5Loading evidence…
261+0.834.06#5/5Loading evidence…
223+2.115.07#5/5Loading evidence…
182+1.155.07#5/5Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin−11behind SALT Lending, #3
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 51–55 and ranks #4–#5
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Nexo’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? 1 → 7 on its ladder · passes SALT Lending+666#4 → #3
Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? 1 → 8 on its ladder · passes SALT Lending+764#4 → #3
If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? 1 → 0 on its ladder · Milo passes it−151#4 → #5
Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? 1 → 0 on its ladder · Milo passes it−151#4 → #5
Can you compute your total cost, at your tier, before you apply? 3 → 2 on its ladder · Milo passes it−152#4 → #5
Smallest climb: “If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?” 1 → 7 passes SALT Lending, #3.
Strengths
0 from the score dataWhere it leads
No scored criterion is at or within one point of the category best, so no strength can be stated from the data.
Tradeoffs
4 from the score dataWhere it trails
Not for readers who put first
- If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? — 1/10 against a category best of 5/10
- Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? — 1/10 against a category best of 6/10
- Can you compute your total cost, at your tier, before you apply? — 3/10 against a category best of 7/10
- Which entity actually becomes your creditor, and does a register say it may lend? — 2/10 against a category best of 7/10
Record watch-outs
- That you no longer own the bitcoin. The moment coin lands in the Credit Wallet, Exhibit I Art. II.5 transfers legal title to Nexo — 'irrespective of whether any Crypto Credit is outstanding at that time', so merely funding the wallet before you have drawn a cent is enough. What you hold afterwards is an unsecured IOU for fungible coin, and Art. II.6 makes you sign away, expressly and irrevocably, any right to claim priority, preference or secured status if Nexo fails, with no set-off, trust claim or any other remedy granted in return. Nothing in the product page hints at this. Second, and likelier to bite before any insolvency: nobody has to tell you before they sell. The threshold that triggers liquidation is published on no Nexo surface — the agreement points to 'the Platform' and the Platform does not carry it — there is no cure window of any length, Nexo 'shall not be obliged to notify you', a 2%-3.5% liquidation fee is charged on the way out, and the FAQ describes the whole mechanism as 'helping you maintain balance'. Third, the small one nobody reads: the interest compounds on a 360-day year, so the 'per year' number on the page is not the number you pay.
Competitive position
Where Nexo leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 514.0 of 20 · pool best
Published criteria#5 / 53.9 of 30 · best 13.5
Friction#1 / 52.7 of 10 · constant here
Trust record#1 / 53.2 of 8 · constant here
Measured data#1 / 58.3 of 18 · constant here
Where Nexo leadsNo criterion in the top third of its pool.
Where it trails
- If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?#4 / 5
- Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?#5 / 5
- Can you compute your total cost, at your tier, before you apply?#5 / 5
- Which entity actually becomes your creditor, and does a register say it may lend?#5 / 5
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Milo#5 of 5 · score 52 · 1.0 point behind
Nexo leads onNo scored criterion
Milo leads on
- If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?4 vs 1
- Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?4 vs 1
- Can you compute your total cost, at your tier, before you apply?7 vs 3
Largest single reason Nexo is ahead: availability (+20.8 display points).Scenario cost: Milo has no verified pricing for this scenario.
SALT Lending#3 of 5 · score 64 · 11.0 points ahead
Nexo leads onNo scored criterion
SALT Lending leads on
- Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?6 vs 1
- Can you compute your total cost, at your tier, before you apply?5 vs 3
- Which entity actually becomes your creditor, and does a register say it may lend?7 vs 2
Largest single reason SALT Lending is ahead: published criteria (+16.4 display points).Scenario cost: SALT Lending has no verified pricing for this scenario.
Ledn#2 of 5 · score 75 · 22.0 points ahead
Nexo leads onNo scored criterion
Ledn leads on
- If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?5 vs 1
- Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?4 vs 1
- Can you compute your total cost, at your tier, before you apply?7 vs 3
Largest single reason Ledn is ahead: published criteria (+22.1 display points).Scenario cost: Ledn has no verified pricing for this scenario.
Against the leader
78 vs 53 · gap 25.0Why Figure ranks above Nexo
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 25.0 to within rounding.
DimensionThisFigureGap share
Availability · 23% weight14.014.0same
Published criteria · 35% weight3.913.5−25.0, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisFigurePoints
If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? · w3415−4.35, worse
Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? · w2616−4.16, worse
Can you compute your total cost, at your tier, before you apply? · w2235−1.41, worse
Which entity actually becomes your creditor, and does a register say it may lend? · w1827−2.88, worse
Net5378−25.0
Your scenario
Nexo is not priced for this scenario
Interest on what you borrow at the published rate. Variable rates move; excludes origination and liquidation penalties. Change an input and every figure recomputes from the published rate; the published rank does not move.
interest/yr · default scenario — set your own
Amount borrowed · your input$10k
Rate read from the provider’s published pricing ↗ on 29 September 2026.
interest/yrCost is stated as interest/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 5 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
5 of 5 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 29 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #4 to #5 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 29 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?strength 1 · weight 34Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?strength 1 · weight 26Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Can you compute your total cost, at your tier, before you apply?strength 3 · weight 22Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Which entity actually becomes your creditor, and does a register say it may lend?strength 2 · weight 18Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Oracle failure (Nexo 1/10): a wrong price or outcome liquidates or settles a position.Scored by Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? · 26%
- Insolvency failure (Nexo 1/10): the firm or issuer that owes you cannot pay.Scored by If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? · 34%
- Regulatory failure (Nexo 2/10): no licence where you are, or a forced market exit.Scored by Which entity actually becomes your creditor, and does a register say it may lend? · 18%
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Execution failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Can you compute your total cost, at your tier, before you apply? (22%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- Rate floor, verbatim from https://
nexo .com /borrow (HTTP 200, 793,213 bytes, 29 September 2026): "Rates start at 1.9% per year." beside "Get Platinum tier on arrival — Nexo’s best yields and lowest borrowing rates for 30 days." and "Rates are subject to change and may vary by region, loyalty tier, and other applicable factors."; the same page's schema.org LoanOrCredit block still reads "interest rates starting from 1.9% APR" with "interestRate":0.029 (2.9%). https:// nexo .com /en-us /borrow (HTTP 200, 680,762 bytes, same day): "Rates start at 0.9% per year." No per-tier borrowing rate is published on either page. Size: "Receive between $50 and $2M with instant approval and no credit checks." (/borrow); "Receive between $50 and $2 million with instant approval and no credit checks. For larger borrow limits of up to $200 million, become a Nexo Private client." (/en-us/borrow). Origination LTVs, identical on both pages: "BTC Bitcoin 50 % LTV", "ETH Ethereum 50 % LTV", "NEXO NEXO Token 15 % LTV", "USDT Tether 90 % LTV", "USDC USD Coin 90 % LTV"; no margin-call or liquidation LTV is published. Fees, from Nexo's General Fee Schedule (https:// platform .nexo .com /api /cross /account /ac /v1 /tnc /content /platform /fee-schedule-mica ?lang =en, contentVersion 4, HTTP 200, 14,715 bytes, 29 September 2026), section "V. Crypto Credit": "Crypto Credit Voluntary Repayment Fee" of "0.26%" on crypto assets and "0%" on stablecoins and EURx/GBRx/USDx; "Crypto Credit Liquidation Fee" of "2% - 3.5%" on crypto assets and "1%" on stablecoins; a "Crypto Credit Early Repayment Fee" that charges repayments within 45 calendar days of the last withdrawal at the Base loyalty tier rate. Convention, Terms of Service Exhibit I Art. III ("Last Updated: June 30, 2026"): compound interest calculated daily on a 360-day year, revisable at Nexo's sole and absolute discretion. The human-facing terms pages (nexo.com/terms-and-conditions, /credit-terms) and the linked support fee-schedule article still render no contract or fee text. Every figure is unchanged from 19 August 2026.Nexo — official page at nexo.com ↗ · 29 September 2026 - Prices published in
- USDNexo — official page at nexo.com ↗ · 29 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- TITLE PASSES OUTRIGHT, AND IT PASSES EVEN WITH NO LOAN DRAWN.
- Supported chains
- Not published
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- "All or part of the Nexo Services, some features thereof, or some Digital Assets, are not available in certain jurisdictions, including where restrictions or limitations may apply, as indicated on the Nexo Platform and in the relevant general terms and conditions." (nexo.com/borrow, read 29 September 2026). The only terms Nexo serves publicly open with "These Nexo Terms of Service apply to residents of the EEA"; US borrowers use a separate funnel at nexo.com/en-us/borrow, "Brought to you in partnership with Bakkt, a publicly listed U.S. digital asset platform."
Legal entity on file: Nexo, placed in 4 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Nexo: where to complain, and where to report a scam
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How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
8 methodology entries
- 29 September 2026Current verified snapshot · methodology 2026.10.18Score 53, #4 of 5. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
- 16 September 2026
2026.09.15Dimension scores carry tenths, and eleven more categories are re-read from primary sources · platform-wide- changed Dimension scores resolve to tenths of a point (O-04b), and weightedTotal is rounded to six decimal places before the order is read. 518 published scores move across 107 categories that were not re-read; none of them moves by more than 4 points, and most move by 1.
- fixed 66 published scores change in the eleven re-read categories, against a verbatim source each. The largest moves are Reflexer RAI (−16), Beefy and Unrekt (−11), Aztec (−10) and Golem (+9) — all of them rows whose sources had moved since their last read.
- changed Published order moves in 38 of 119 categories and three #1s change: smart_contract_audits (Zellic → Certora) and travel_rule_compliance (Sumsub Travel Rule → CodeVASP) on the finer resolution, kyc_compliance (Veriff → Sumsub) on the re-read.
- added availabilitySource (O-04g): for a reader who states a country, a row whose availability in that country rests on a region tag its record gives no source for sorts below every sourced row. It is inert in every order published here, which states no country.
Methodology 2026.10.18, the same published run every visitor sees · receipt crypto_backed_loans:nexo_loans:2026.10.18:f177a3b32ad7
Are you Nexo? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.