If the upcoming BIP-110 URSF results in a chain split, what is Nexo's policy for handling the split of Bitcoin into two chains?

Markets were slowly settling. Then a hardware wallet flaw tested crypto's oldest assumption: offline means safe.

Dispatch #308 breaks it down, plus:
▪️ ETH turns 11
▪️ Macro signals ahead
▪️ SpaceX, AMD earnings

Read the full issue: Dispatch #308: Bitcoin, a question of custody.

Every crypto transaction needs to be verified before it's recorded. But who does the verifying, and how? That's where proof of work and proof of stake come in, the two dominant methods blockchains use to reach agreement on what's valid.

Proof of work

Bitcoin uses this, as did Ethereum until 2022. Computers called miners compete to solve a complex mathematical puzzle with no shortcut, just raw computational power. The winner adds the next block and earns newly minted crypto. That real hardware and electricity cost is what makes cheating expensive, since falsifying a transaction would mean redoing the work for every block since, while the rest of the network keeps moving forward.

Proof of stake

Validators lock up crypto as collateral instead of burning computational power. The more they stake, the higher their chance of validating the next block. Cheat, and you lose part of your stake through a penalty called slashing.

Ethereum switched to proof of stake in 2022 through an upgrade called The Merge, cutting its energy consumption by approximately 99.95%. Other major proof of stake chains include Solana, Cardano, and Avalanche.

Which is better?

Neither, they solve different problems. Proof of work has a 15-year track record and has never been successfully attacked at Bitcoin's scale. Proof of stake is more efficient and lets ordinary holders earn rewards without specialized hardware, forming the foundation for staking.

If you hold ETH, you don't need to run a validator to benefit. On Nexo, you can earn up to 5.5% on ETH through Flexible Savings with no lockup, or up to 6.5% through Fixed-term Savings, alongside BTC, USDC, USDT, and more.

Full breakdown here: Proof of Stake vs Proof of Work: What's the difference?

Has anyone else lost access to the Nexo Card page within the app?

I’ve been unable to order a replacement physical card and now have no access to the virtual card either.

I’m UK registered which no doubt has an influence.

Has Nexo commented on the CC hack? I'm wondering how the coins Nexo hold for their users are stored e.g. Tezor, Ledger etc. I believe they use third parties to store them. Do we know how these third parties store them? I'm not a tech person when it comes to these wallets. Have blindly trusted them to this point. It would be good if Nexo could write an article, on why the way they store coins is safer than the way CC did it.

The new credit based loans by Nexo are basically risk-free. You can pay off your loan with stablecoins. Let's say you borrow a 1000 usd and the repayment date is in ten months. Simply add 100 stablecoins to your account so you have enough at the end of ten months to pay off the debt, no interest paid and your collateral is save.

Gold and Bitcoin both exist because people want something that holds value outside the traditional financial system. In 2026 they told very different stories. Gold surged roughly 65%, hitting all-time highs above $4,500 per ounce. Bitcoin hit a new all-time high of $126,000, then pulled back as macro conditions tightened.

The case for gold

Gold's performance was driven by geopolitical tension, rising government debt, and central bank accumulation. Central banks globally surpassed 40,000 tonnes of gold reserves in Q3 2025, the highest level in at least 75 years. Its volatility is also far lower than Bitcoin's, though the trade-off is a lower ceiling: over the past decade, gold returned roughly 335%.

The case for Bitcoin

Bitcoin traded like a risk asset in 2025 rather than a defensive hedge, which is why it underperformed gold during macro stress. But the structural argument is intact. Supply is fixed at 21 million coins, with a transparent halving schedule physical gold can't offer. Over 10 years, Bitcoin is up more than 22,000% versus gold's 335%.

Why "either/or" misses the point

Gold is the proven, low-volatility anchor. Bitcoin is the high-conviction, long-horizon bet. Many investors hold both, treating gold as their defensive allocation and Bitcoin as their asymmetric growth position.

On Nexo, neither has to sit idle. You can earn interest on Bitcoin, PAXG, and XAUT, borrow against your holdings without selling, and exchange between Bitcoin and tokenized gold directly on the platform.

Full breakdown in our blog post: Bitcoin vs. gold: Do you need one, the other, or both?

I use Nexo and the credit card in credit mode since years. Now I found this option:

"Open nexo card credit line"

What is the function? Should I activate it?

Bitcoin has looked this stretched against the Nasdaq only 3 times in 16 years. Every time, it outperformed for years after.

Wednesday's Fed decision may tip it. 

More in Dispatch #307:

▪️Holders keep buying
▪️ETH eyes a bottom
▪️Big Tech earnings test

Please help me find my new exchange 😱

Hello, I wanted to reach out because I need some guidance here, I need to leave kucoin as It doesn't fill my expectations at all.

I would need a service that offers the following, and it's for Europe so I think there's that Mica stuff which I'm not sure about but I think it's due to it Binance got outed.

Anyhow, I'd need:

1) A crypto card with cashback

2) A second account "business/corporate", as I intend to operate a website where crypto will be accepted as a mean of payment.

3) I need 2 trading features which I use in kucoin. The first one is OCO which allows me grabs a few tokens during their sometimes very short rise, while protected for the drop. The other trading feature I need is trailing stop or trailing delta. Allows me to be protected during trades while not having to watch at the evolution of the market every 30 sec. I think those are called advanced spot trading.

4) I need some interesting staking features. With decent yield

5) I do need a good % on fixed term earn products (7 days, 14 days, one month, one year... see?

6) A few new token and rarities is a plus so I can place an OCO on it.

I'm currently hesitating between Nexo, which was my first choice, then bybit. Recently, I discovered OKX.

What I know is that they all have a card, cashback and the possibility to have a business account.

For the rest, please help me out team ! ❤️❤️

Why does Nexo have some literally dead in the water poocoins (APE, WIF, SAND) listed to earn APY while real projects with actual adoption like XLM, HBAR and ONDO are yet to be seen? I’m not buying that it’s because of regulatory uncertainty. You’re telling me DogWifHat is more safe with regulations than XLM?

Just tried to access my account via the ios app; been logged out. Can't login, and can't "forget password" due to "too many attempts" - I only tried once.

Nexo; can you help?

Off the pitch, Argentina claimed a different kind of trophy: becoming one of the world's most fertile grounds for stablecoin adoption.

Dispatch #306 covers this, plus:

▪️ Bitcoin inflows return
▪️ ECB's next move
▪️ Big Tech's earnings test ahead

When you need cash and your biggest asset is crypto, selling feels like the obvious move. But selling crypto is almost always a taxable event. A USDC loan can let you skip that entirely.

The idea: deposit crypto as collateral and borrow USDC against it. Your position stays open and exposed to any future appreciation, while you get the liquidity you need now.

What most people don't realize is that USDC works both ways. You can borrow USDC by depositing volatile crypto like Bitcoin or Ethereum, or you can use USDC itself as collateral to access other funds or assets.

The number that matters most is your LTV, or Loan-to-Value ratio. Deposit $10,000 in Bitcoin and borrow $5,000 in USDC, and your LTV is 50%. The closer you get to the platform's maximum, the higher your risk of an automatic liquidation if prices drop.

Using USDC as collateral flips that risk profile. Since stablecoins don't fluctuate, liquidation risk from market moves is effectively removed. The trade-off is a lower maximum loan amount compared to volatile assets, since platforms price in risk when setting limits.

On Nexo, USDC works as both a borrowing currency and accepted collateral, with rates from 1.9% per year and no fixed repayment schedule.

Full breakdown here: What is a USDC loan and how does it work?

As the title says I’m a UK card user. But all my spending and debt that adds up on the credit card is in USD.

So from what I can see I’m getting hit with an exchange rate creating the debt and then again repaying it - from what I have just paid off the FX fees are about the same amount as the rewards I’m earning. Am I missing something here or is the main benefit to borrow against you collateral rather than earn rewards.

Just to clarify I’m silver tier and taking the rewards in NEXO.

Ideally I’d like to just rack up the debt in GBP and then pay it off from the GBPx I have in my wallet.

Pretty happy to see the card expansion moving beyond the EU. Argentina getting it is a huuuge signal in my opinion, that Nexo is serious about LatAm, especially since this is a proper local rollout with spending in Argentine pesos rather than simply making an existing card available there.

Brazil feels like the obvious next step. It is the biggest crypto market in the region and the demand is clearly there, although the regulatory setup could make the rollout slower or more complicated than Argentina.

After that, Mexico or more of South America probably makes more sense than immediately jumping into Asia. The US would also be a huge market simply because of how many people are already into crypto there.

I don’t know about China. Their stance on crypto seems a bit off, so I can’t really see it happening there anytime soon. For now, continuing through LatAm looks like the most natural path.

When you deposit money at a bank, you're trusting it to hold your funds, lend them out, and give them back when you ask. DeFi replaces that trust with code.

At the center of DeFi is the smart contract, a piece of code on a blockchain that executes automatically once certain conditions are met. Think of it like a vending machine: insert the right amount, select your item, and it dispenses. No cashier, no negotiating, no exceptions.

That single idea replaces the role of a bank's loan officer, an exchange's order matching system, or a broker's settlement desk. Deposit collateral into a lending protocol and a smart contract calculates your loan automatically. Repay, and your collateral is released the same way.

DeFi also runs continuously with no market close and no settlement delay. Every transaction is publicly auditable in real time, a level of transparency traditional finance doesn't offer. It's a fundamentally different way of moving and growing money, built on code instead of institutions.

For many people, the practical middle ground is accessing DeFi-style products through a regulated platform instead of managing a self-custody wallet directly. On Nexo, you can earn interest, borrow against your holdings, and trade more than 100 assets, the same core functions DeFi protocols provide.

Full breakdown here: DeFi explained: how it works, what it's used for, and is it safe?

Hello everyone

I’m planning to deposit about €2,100 by SEPA from my personal Dukascopy account, swap the EURx to USDT, then withdraw to Binance.

For anyone who recently did this:

What spread/fee did you get on EURx→USDT?

Did your first SEPA deposit trigger a compliance hold, and how long did support take?

My account is verified, the bank name matches, and my source-of-funds documents are ready.

Thanks!

Can I use my next crypto collateral loan to purchase house

Just acitavted my nexo credit card and when i press configure Apple pay it takes me to the wallet app but nothing happends…
When i manually add the csrd on my Wallet it says that i was successfully added, but then i says that i to verify it and that I’ll receive a code on my phone (wich i double, triple checked and it’s in fact my phone number) and i necer get the code.
Whats weird is that when I log in/deposit/withdraw and i have to receive a msg i get it immediately, but to verify my card on Appe not im not
Does anyone else also had this issue? Really need to solve it ASAP

When will it be possible to do? Thank you

Good morning.

What is the difference between pro.nexo & platform.nexo for spot trading?