Nexo

How to buy Nexo in Canada

Newton makes it fast and easy to buy, sell and hold 70+ cryptocurrencies in Canada.

What is Nexo (nexo)?

Nexo (NEXO) is a platform that allows users to collateralize their crypto. Once an amount has been staked, a user can proportionally borrow against / receive interest on the value of the amount staked. The platform has an incentive in its rewards token NEXO which can also be staked to access proportional rewards or better interest rates. Nexo distributes 30% of its profits in the form of dividends via the NEXO token, classifying it as a digital security asset.

Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.

* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.

Where do I buy Nexo?

Direct Purchase

You can buy cryptocurrency online, or send and receive it directly from another individual in person or over the web.

Via a regulated cryptocurrency platform

Many people find it easier to purchase Nexo through a trading platform like Newton.

Why Newton?

‍Newton offers a dead-simple way to buy and sell cryptocurrency in Canada at prices that most other platforms simply cannot afford to compete with.

Here's how to buy Nexo in Canada

1

Sign-up in Canada for an account.

Create an account and add funds or choose an amount of your currency to trade.
2

Trade fiat or crypto for stablecoin*.

Trade your chosen currency into a stablecoin*.
3

Send to your desired exchange.

Find an exchange that offers nexo, then transfer your crypto to that exchange.
4

Initiate purchase and you're done.

Go through the steps to purchase, and that's it.

Why use stablecoins* when transferring to an exchange?

Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.

* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.

It's easy to get started

Buy & Sell Nexo quickly on your phone or computer.

1

Create an account.

Provide some basic details about yourself to get verified. This process usually takes less than 5 minutes!

2

Fund your account.

Connect your bank account or utilize Interac e-Transfers to add or withdraw funds seamlessly.

3

Start buying.

You can start buying and selling crypto quickly and easily right away on your phone or on web browser.

Why you'll love trading Nexo on Newton.

Newton is Canada's low-cost cryptocurrency trading platform with transparent prices and low trading fees. We offer high liquidity and institutional-grade third party custody for your digital assets.

Some of the best prices in Canada.

On average our prices are 0.5–0.7% above spot at volumes of up to 3 BTC. This makes our overall price 3x lower than a leading competitor who charges approximately 2.25% in trading fees.

World-class security.

Newton uses machine learning to detect and prevent account takeover attempts, a common form of cryptocurrency fraud.

Low-cost and no-commissions.

Trading and funding your account is absolutely free. Transfer cryptocurrency to and from your account at no cost (we cover up to $5 per daily transaction in network fees).

Unique & functional design.

We take a first principles approach to design, resulting in an easy-to-use experience that is unlike any other platform.

Works on any device.

Get started on your web browser, or download the Newton app for Android and iOS to take control of your crypto on-the-go.

Proudly Canadian.

We want cryptocurrency to be taken seriously, so we go above and beyond to make sure we're compliant with current and anticipated Canadian regulations.

Where do I keep my Nexo?

After you've purchased crypto, the next step is to find the best way to secure it.

Wallets are often considered to offer some of the best security for your cryptocurrency. While you have the option of keeping your assets on Newton, Newton is primarily a low-fee cryptocurrency trading platform, and not a wallet service.

While we have institutional third-party custody to keep customers' digital assets safe, many individuals who buy cryptocurrency consider transferring a portion of holdings to external wallets for personal custody.

What can you do with Nexo?

Explore a variety of uses, options and processes.

Collateralize crypto assets

Stake for interest and rewards

Gain access to financial products

Nexo

Start buying Nexo in minutes.

Get started with as little as $10 CAD.
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Join the crypto platform thousands of Canadians trust.

Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.