Nexo vs. Crypto.com - Which is Better for You? 
Nexo and Crypto.com are both trustworthy Crypto Lending & Loan platforms in our opinion, but which one is the better choice overall for you?
We hope to give you the information you need to decide for yourself which is better for you — personally we use both Nexo and Crypto.com as we believe it’s good to diversify-risk even though we believe they’re both trustworthy — ultimately we believe Nexo is significantly better for most people, and it’s where we keep much more of our crypto assets when compared to Crypto.com.
We’d say Nexo is better overall as they have comparable interest rates on crypto, often slightly higher depending on the crypto asset,
This isn’t to say Crypto.com doesn’t have anything better about it, they have a better credit card offer if you stake lots of their tokens, but ultimately Nexo is a much better choice for crypto-backed loans as well as earning interest on your cryptocurrency, which is the primary thing we do and most people care about.
Crypto.com is better if you hold a large amount of loyalty tokens with them ($CRO tokens), and as a result we personally hold more with crypto.com, and for wealthy people it’s likely the better choice, but for average people it is not.
All this being said we’d say it’s a good idea to use multiple platforms to diversify your risk in any one of the platforms having any variety of issues — another good crypto-lending platform to check out would be BlockFi.
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Which Offers the Best Yields - Nexo or Crypto.com?
Nexo wins this category firmly — Both Nexo and Crypto.com offer similar yields if you stake a large amount of $CRO tokens, but unless you stake thousands of dollars in crypto.com tokens Nexo’s rates are drastically higher than crypto.com’s — nearly double in fact. Currently Nexo has the best (safe) rates in the industry, or on-par with other competitors, so they’re ideal if this is what you’re interested in.
Keep in mind the above is assuming you do not stake over $10,000+ in CRO tokens on Crypto.com, if you do this they’re a comparable choice, as it increases yields on all cryptocurrency you deposit with them by 2%. This makes their rates comparable, otherwise they’re much lower currently.
Which has less fees - Nexo or Crypto.com?
Nexo definitely wins this category — While Crypto.com’s fees aren’t much higher than Nexo’s theirs are usually a little bit higher. For example Nexo has no withdrawal fee, while Crypto.com charges network transaction fees (usually $5 or so) when you withdraw. Another example is Crypto.com charges 10% -> 12% for Crypto-backed loans, while Nexo charges only 6% -> 7% in most cases.
The only case Crypto.com has less fees is when it comes to their Crypto Debit Cards, as Nexo doesn’t have free international withdrawals, while in many cases Crypto.com’s cards are fee-free when withdrawing small amounts internationally.
Which is more Trustworthy - Nexo or Crypto.com?
Both Nexo and Crypto.com are trustworthy and you shouldn’t stress about having a portion of your funds with either of them — however we’d say in the even of a market-collapse Nexo is likely to be a little safer simply because they do not offer margin trading or exchange services like Crypto.com does.
Both companies have levels of insurance or pools of funds to reimburse users if funds are ever lost/stolen, and have been in the industry for many years, are backed by many respected venture-capital groups, and just overall definitely aren’t shady businesses.
Regardless — this isn’t something we’d really base our decision on where we put our funds, as they’re both safe, not scams, etc, but we always include this section just to reassure our readers that they are in fact trustworthy or not — as there are scam-companies out there. These ones aren’t scams though, in fact Crypto.com has best-in-class security procedures as we mentioned in our dedicated article on their trustworthiness and security.
What Advantages does Nexo have over Crypto.com?
Nexo has better interest rates on Crypto-backed loans, and currently the best or on-par with the best rates of any crypto-lending platform, meaning if you use them you’re earning the highest possible (safe) yield on your cryptocurrency assets.
Nexo also has better customer service in our opinion/experience than Crypto.com — ultimately we believe this is because Crypto.com offers so many other products like a cryptocurrency exchange, and thus they have more customers to serve. Regardless Crypto.com’s support takes days and is quite atrocious/Scripted while Nexo’s is slightly above average and generally doesn’t take more than a day or two to fix your issue.
Beyond this Nexo also offers free withdrawals, so if you don’t like the platform/service/company you can always jump ship to another company without issue. They also now offer a good sign-up bonus that’s very easy to get ($25 when you deposit your first $25), simply sign up through this link to be eligible.
What Advantages does Crypto.com have over Nexo?
We’d say Crypto.com’s only real advantage is that they have a fantastic Crypto Debit Card that is unmatched by the competition…if you have thousands of dollars of their token ($CRO) staked on the platform. Besides that they don’t really have any big advantage over Nexo, or other competition.
Crypto.com also offers comparable rates if you actually stake $CRO tokens, but unless you’re doing this then their rates are not nearly as good as Nexo’s rates and competitors like — Crypto.com also has a decent sign-up bonus that is relatively easy to get, albeit not very lucrative.
Nexo vs Crypto.com FAQ's:
Below we’ll cover some of the most commonly asked questions we’ve encountered, been asked, or have asked ourselves related to Nexo and Crypto.com. If you have any more questions feel free to use our contact page to ask us them and we’ll get back to you as quickly as we can.
Can you buy Crypto on Nexo or Crypto.com?
Yes, you can buy crypto directly through both Nexo and Crypto.com — however as we covered earlier Nexo’s fees are slightly less for buying crypto on-platform when compared to Crypto.com. With that being said, it’s still better to use a dedicated crypto exchange like Kraken or Voyager to buy cryptos — that’ll give you the best rates.
Can you use Nexo and Crypto.com anywhere?
While in practice you can, there are a few countries (such as North Korea) where you cannot use the platforms — but basically every country is allowed to use the platforms — you’ll just need a passport from the country to open an account, other documentation isn’t always good enough. Keep in mind you may not be able to use all features in all jurisdictions, such as fiat on and off-ramps.