Nexo vs Hodlnaut - Which is Better? [2022]​

Nexo vs Hodlnaut Comparison

Hodlnaut and Nexo are both trustworthy Crypto Lending & Saving platforms in our view, 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 — while elaborating a bit about our experiences using both platforms extensively.

We used to prefer Nexo over Hodlnaut, as quite frankly in the past we didn’t trust hodlnaut due to it being such a new unknown company, but those worries have past and we now keep nearly half of all our crypto assets with them, so while we still believe Nexo has some good features (like their card) we overall think Hodlnaut is the better choice for us, and most crypto-savers currently — but not by much.

With that being said we’d say it’s essential to use multiple platforms to diversify your risk in any one of them having any variety of issues — another good crypto-lending company to check out would be Celsius. You can read our comparison of Hodlnaut vs Celsius here and Celsius compared to Nexo by clicking here.

Below you’ll find a jump-to section if you want to just get to a specific part of the article right-away, but essentially we’ll start by going over which one is best for earning interest on your crypto assets followed by which one has lower fees both for withdrawals and trades on-platform.

After that we’ll briefly go over the current sign-up bonus offers Hodlnaut and Nexo currently have, how trustworthy both platforms are (and how they’re regulated), before finally ending with a summary of it all and some FAQ’s.

Table of Contents

Which Offers the Better Yields on Deposits - Hodlnaut or Nexo?

Hodlnaut offers slightly higher yields on deposited crypto — however this comes with a small caveat — Nexo offers comparable yields to higher yields when you hold large amounts of their loyalty token with them — otherwise their rates are generally slightly lower than Hodlnaut currently.

With that being said, Hodlnaut only offers interest on stablecoins, bitcoin, ethereum, and…that’s it — while Nexo offers interest on many more crypto assets, making them obviously the better choice for non-supported assets such as Cardano. Nexo also currently has very high ‘tier’ limits though, so if you have more than a few hundred thousand dollars worth of crypto you want to earn interest with then Nexo would have higher rates in that case, assuming you hold their hold significant amounts of their loyalty token.

To sum it up — With Nexo you earn slightly less than with Hodlnaut (1-2%) unless you have the highest level of Nexo loyalty AND lock your coins up for a minimum of 1 month (as this gives you +1% yield at their highest level) — if you do that they offer comparable rates on most deposits.

Which has less fees - Hodlnaut or Nexo?

This category is more or less a tie — Both Nexo and Hodlnaut have very little fees for the products they have — namely they both offer a free withdrawal per month from your cryptocurrency wallet outside to an external cryptocurrency wallet. Nexo offers up to a few free withdrawals if you hold a large amount of their token.

When it comes to their internal crypto swap/trading thingy though Hodlnaut has a much lower spread/fee when compared to Nexo — generally Hodlnaut’s is around 0.2% while Nexo’s is around 0.2% to 0.5% depending on the pair from what we’ve experienced. It’s not a big difference, so ultimately we’d say this category is a draw.

Neither platform seems to tack on any surplus fees for withdrawals or have any hidden fees of sorts other than the two fees we outlined above. Nexo has some fees related to their crypto-backed loans, but Hodlnaut currently doesn’t offer crypto backed loans so we can’t really compare them.

Which Has The Best Signup Bonus Offers - Hodlnaut or Nexo?

This category is largely a tie  — This is because Hodlnaut offers a $30 sign-up bonus for new users, while Nexo offers between $10 and $25 sign-up bonus for new users (varies), making the sign-up bonuses very similar to even identical — they have slightly different requirements though, which we’ll mention below.

With that being said, you can sign up through this link to be eligible for Nexo’s sign-up bonus — no need for a referral code or anything like that — and you can read about the promotions they’re currently offering in detail on our page about Nexo’s current promotional offerings, but that link should give you the maximum-available sign-up bonus regardless — which generally is a simple $10 to $20, but sometimes up to $25.

As for Hodlnaut you can learn more about their sign-up bonus on our page about hodlnaut’s current promotions, but basically you can sign up through this link or the app while entering in our special code “Pp5zutEhQ” to receive the $20 sign-up bonus after depositing $1000+ in assets to Hodlnaut.

Which is more Trustworthy - Hodlnaut or Nexo?

This category is more or less a tie — Both Hodlnaut and Nexo are regulated and trustworthy, and we believe both companies are legitimate — after-all Nexo has major partnerships with companies like Fidelity which wouldn’t partner with Nexo if they weren’t confident in their operations, and Hodlnaut is regulated in Singapore which is the most stringent jurisdiction when it comes to financial service regulations — meaning they have to be audited on an ongoing basis and have very strict security both for assets held with them as well as the methods they generate yield with.

Ultimately we’re more than comfortable keeping money with both platforms and don’t see any real major risks with either of them — they both haven’t made any business-mistakes or had any security issues, and overall clearly know what they’re doing.

What Advantages does Hodlnaut have over Nexo?

Hodlnaut has quite a bit better rates for Bitcoin and Ethereum deposits and marginally better rates on stablecoin deposits when compared to Nexo, particularly if you don’t hold a large amount of your portfolio in Nexo tokens, while having similar fees for the services they provide and good security and trustworthiness — overall Hodlnaut more or less is dominating in every category they’re currently in, being the most competitive and either best or comparable with the best in the industry.

If you think Hodlnaut is the right choice for you then you can sign up through this link, or enter code “Pp5zutEhQ” when signing up to be eligible for Hodlnaut’s sign-up bonus offer that we mentioned above — but essentially sign up and deposit $1000+ of crypto assets within 7 days of your first deposit and you’ll get the $20 bonus.

What Advantages does Nexo have over Hodlnaut?

Nexo has many things that Hodlnaut currently doesn’t offer whatsoever, making them the better all-in-one platform — for example Nexo has a crypto-card offering that offers up to 2% cash-back on all purchases with the card, and Hodlnaut has no such card — Nexo also allows fiat deposits/purchases (albeit quite complicated to set up and not completely fee-free), while Hodlnaut currently requires you to onramp/offramp somewhere else and then deposit crypto assets (or stablecoins) to begin earning yield, rather than being able to wire funds in and out of the account. 

Nexo also allows you to take Crypto-backed loans out against your crypto assets, while Hodlnaut currently has no such offerings.

If you’re interested in the services Nexo offers that Hodlnaut doesn’t we’d recommend checking out our comparisons of Nexo vs Celsius and BlockFi vs Nexo, as both of those platforms offer these products that Hodlnaut doesn’t yet. With that being said, of course if you just want to go with Nexo right now you can sign up to Nexo to be eligible for the up to a $25 sign-up bonus.

Hodlnaut vs Nexo FAQ's:

Below we’ll cover the FAQ’s we’ve encountered, been asked, or have asked ourself related to Hodlnaut and Nexo. If you have any other questions feel free to use our contact page to ask us and we’ll get back to you as soon as we can — and maybe even add our answer down below.

Can you buy Crypto on Hodlnaut or Nexo?

You can buy crypto on Nexo directly via a wire transfer after filling out some forms online, however you cannot buy crypto on Hodlnaut from your bank account currently — you’ll first have to funnel it through another exchange with ACH or wire transfer capabilities such as Voyager.

Does Hodlnaut or Nexo have insurance on your cryptoassets stored with them?

With hodlnaut you have the option to purchase 3rd party insurance via a decentralized finance protocal called Nexus Mutual directly on the paltform while with Nexo you automatically have insurance via BitGo that’ll protect you (and Nexo) from all but bankruptcy or a catastrophic level breach in security.

Does Hodlnaut or Nexo have better customer service?

We’d say Hodlnaut’s customer service is quite a bit better than Nexo’s — they both have acceptable customer service but Hodlnaut’s is a bit faster due to them being a smaller company at this stage with less clients, but in time this may change, and we have found Hodlnaut’s customer service to be…well quite frankly more competent and always seem to get things right and understand the first time — rather than needing to go back and forth a bit to get the answer/help you need.