You hear about Nexo, about cryptocurrencies, about passive income – and you think: “That’s probably for someone else. For people who understand finance or technology.” But I’m going to prove you wrong. In this article, I’ll explain step by step how to earn with Nexo – even if you’ve never heard of cryptocurrencies until today.
Nexo is one of the platforms I actively use myself and recommend to beginners who want to enter the world of cryptocurrencies without complexity or technical knowledge. It’s secure, well organized, and easy to understand – exactly what a beginner needs.
What Are Cryptocurrencies, Anyway? (An Explanation for Beginners)
Before we dive into Nexo, I need to explain a few basics. Cryptocurrencies are digital money that doesn’t exist physically – there are no coins and no bills. They exist only in the digital world, protected by mathematics and a technology called blockchain (a chain of blocks). Think of a blockchain as a huge public ledger in which all transactions are recorded – and no one can delete or forge that data.
The best-known cryptocurrency is Bitcoin (BTC). Besides it, there are thousands of others – Ethereum (ETH), Solana (SOL), USDT, and many more. Each has its own value, which changes on the market every day.
Now that you know what cryptocurrencies are, let’s talk about how you can earn with them. And that’s exactly where Nexo comes in.
What Is Nexo and Why Do I Recommend It?
Nexo is a digital platform that works as a kind of “crypto bank” – only much better than a traditional bank. It was founded in 2018 and today has more than 7 million users in over 150 countries around the world. It’s one of the largest and most established platforms in the crypto world.
On Nexo, you can do the following:
- Buy cryptocurrencies (Bitcoin, Ethereum, Solana, and 100+ others)
- Earn interest on the cryptocurrencies you hold (similar to a savings account, only with significantly better interest rates)
- Exchange cryptocurrencies for one another
- Take out a loan using cryptocurrencies as collateral – with no credit check
- Pay with the Nexo card and get up to 2% cashback
For a beginner, the most important part is earning interest – it’s the simplest way to earn with Nexo. And I’ll explain it to you step by step.
Why Is Nexo a Good Choice for Beginners?
Before we get to the steps, let me explain why I chose Nexo specifically. There are hundreds of crypto platforms on the market, but Nexo stands out for three reasons:
1. Security First
Nexo holds ISO 27001:2013 and SOC 2 Type 2 certifications – security standards that only serious financial institutions have. It also uses 256-bit encryption (the same standard banks use), two-factor authentication, and 24/7 monitoring.
2. Ease of Use
The Nexo app is designed so that anyone can understand it – from teenagers to retirees. There are no complicated interfaces and no technical jargon. You buy a cryptocurrency, leave it in your account, and earn interest. It’s that simple.
3. High Interest Rates
While a bank might pay you 2–3% a year on a savings account (and often less), Nexo offers up to 13% per year (depending on conditions) on certain cryptocurrencies and stablecoins. That’s a difference you can feel.
How to Earn with Nexo: Step by Step
Step 1: Create a Free Nexo Account
Open your browser and go to nexo.com. Click the “Create Account” (or “Sign Up”) button. All you need is an email address and a password. The process takes less than 2 minutes.
Next comes the KYC process – short for “Know Your Customer.” This means you have to verify your identity with an ID document (an ID card or passport). It’s a legal requirement that applies to all financial platforms and protects both you and the platform.
Identity verification is quick and easy – you take a photo of your document and a selfie. In most cases, you’re approved in less than 24 hours.
Step 2: Add Funds to Your Account
Once your account is verified, it’s time to add funds. Nexo supports various payment methods:
- Bank transfer (SEPA – free for Slovenia)
- Credit or debit card (Visa, Mastercard)
- Apple Pay or Google Pay
- Cryptocurrency transfer from another platform or wallet
My advice for beginners: start with a small amount. Never invest money you can’t afford to lose. That’s the golden rule of every kind of investing – not just crypto.
If you want to learn more about how to safely enter the world of cryptocurrencies, download my free e-book
In it, I explain all the basics you need before making your first investment.
Step 3: Buy cryptocurrency or a stablecoin
Once you have money in your account, you need to convert it into cryptocurrency to start earning interest. For complete beginners, I recommend one of two options:
Option A: Stablecoin (USDT or USDC) – lower risk
A stablecoin is a special type of cryptocurrency whose value is pegged to the US dollar. This means that 1 USDT or 1 USDC is always worth 1 dollar – the value doesn’t change. This is ideal for those who are afraid of fluctuations in the crypto market.
On stablecoins, Nexo offers up to 13% annual interest – which is exceptional compared to bank interest rates.
Option B: Bitcoin or Ethereum – higher potential, higher risk
If you’re willing to accept a bit more risk for potentially higher earnings, you can buy Bitcoin (BTC) or Ethereum (ETH). Nexo also pays interest on these cryptocurrencies, and at the same time the value of the cryptocurrency itself can grow.
That means double the potential: you earn interest AND the value of your Bitcoin can increase over time.
Step 4: Turn on interest earnings (Yield)
Once you have cryptocurrency in your account, you need to turn on the interest earning feature. On Nexo, it’s called Flexible Yield or Fixed-term Yield.
The difference is simple:
- Flexible Yield: you can access your cryptocurrency at any time, but you earn slightly lower interest. Ideal for beginners.
- Fixed-term Yield: you can’t withdraw your cryptocurrency for a set period (e.g., 1 month or 3 months), but in return you earn higher interest.
My advice for getting started: choose Flexible Yield so you can get used to the platform before deciding to lock in your funds.
Once you turn on Yield, you start earning interest every day – Nexo pays out your interest daily, which means your earnings accumulate every day.
The NEXO token: What is it and how does it benefit you?
Nexo also has its own cryptocurrency, called the NEXO token. A token is a digital asset that exists on a blockchain network. The NEXO token isn’t just a speculative investment – it offers concrete benefits to platform users:
If you hold part of your funds in your account in the form of NEXO tokens, you move up to a higher loyalty tier (Loyalty Tier). Nexo has four tiers: Base, Silver, Gold and Platinum. The higher your tier:
- The more interest you earn on your cryptocurrency
- The lower the interest rates you pay on loans
- The more benefits you get when exchanging cryptocurrencies
For example: at the Platinum tier, you earn up to 2x higher interest and pay up to 2x lower interest rates on loans.
For a complete beginner this isn’t necessarily needed right away, but once you’ve spent a bit more time on the platform, consider adding NEXO tokens.
Nexo Credit Line: How to borrow money without selling your crypto
This is one of the most advanced and, at the same time, most useful Nexo products that I have to mention – even though it’s more for those who are already a bit more advanced.
Nexo Credit Line allows you to borrow cash or stablecoins without selling your cryptocurrency. Your cryptocurrency stays in your account and keeps earning interest, while you receive a loan in fiat currency (euros or dollars) or stablecoins.
Fiat currency is the term for traditional money issued by governments – the euro, the dollar, the pound. As opposed to cryptocurrencies, which aren’t controlled by any government.
Why would this be useful? Say you have Bitcoin but need money for a car or real estate. Instead of selling your Bitcoin and paying any capital gains tax, you simply borrow money using your Bitcoin as collateral. The Bitcoin stays yours, its value keeps growing, and you have the cash.
The loan is approved the same day, with no credit check and no monthly installments – you repay whenever it suits you.
The Nexo Card: Crypto in everyday life
The Nexo Card is a virtual or physical payment card that works anywhere Mastercard is accepted. You use it to pay for everyday purchases, and for each purchase Nexo approves a small loan using your cryptocurrency as collateral.
This means your crypto stays untouched and keeps earning interest, while you still pay at the store. On top of that, you get up to 0.5% – 2% back on the value of your purchase in the form of crypto (depending on your loyalty tier). It’s like a cashback card, just in the crypto world.
How to Increase Your Earnings on Nexo
Tip 1: Reinvest Your Interest
When you earn interest each day, don’t withdraw it right away. Leave it in your account and it will earn interest on interest – this is called compound interest. It’s the magic formula that Albert Einstein supposedly described as the “eighth wonder of the world.” Example: if you earn 10% interest on €1,000 and reinvest the interest every year, after 10 years you’ll have €2,594 instead of €2,000.
Tip 2: Raise Your Loyalty Tier
Reach at least the Silver tier by holding the minimum share of NEXO tokens in your portfolio (10% of its value). This immediately boosts your annual interest and lowers your exchange fees.
Tip 3: Combine Stablecoins and BTC/ETH
Don’t put all your eggs in one basket. Keep part of your funds in stablecoins (lower risk, steady interest) and part in Bitcoin or Ethereum (higher growth potential). That way you’re protected against fluctuations while still being exposed to the chance of growth.
I explain all of these strategies and more in my free crypto e-book.
Risks You Need to Know About (and How to Reduce Them)
I’ll be honest with you: crypto is not risk-free. I’m here to give you the full picture.
Market Volatility
Volatility means that the value of cryptocurrencies changes quickly and unpredictably. Bitcoin has dropped by 80% in its lifetime and then returned to record highs. The solution: invest for the long term and don’t panic during downturns.
Platform Risk
Nexo is one of the more regulated and secure platforms, but like any crypto platform, it isn’t backed by government-guaranteed bank insurance. The solution: invest only what you can afford to lose and spread your funds across multiple platforms.
Security Risk
Crypto thefts do happen – but not at Nexo itself, rather with users who don’t secure their accounts. The solution: always turn on 2FA (two-factor authentication – extra account protection with a one-time code), set a strong password, and never share your login details with anyone.
Frequently Asked Questions About Earning with Nexo
Is Nexo legal in Slovenia?
Yes. Nexo operates in more than 150 countries and is available to Slovenian users. The platform is regulated and complies with European financial regulations.
How much money do I need to get started?
You can start with minimal amounts – even €50 or €100 is enough for a first step. To join the Nexo Wealth Club (a loyalty program with higher interest rates), however, you need a balance of over $5,000.
When do you receive your interest payouts?
Nexo pays out interest every day. This means that every morning you see a little more in your account than the day before. Interest is automatically reinvested, which creates a compound interest effect over the long term.
How safe is it to store crypto on Nexo?
Nexo holds ISO 27001 and SOC 2 Type 2 certifications, which places it among the safer crypto platforms in the world. Most of the funds are stored in cold wallets (with no internet access), which significantly reduces the risk of a breach.
Nexo vs. Bank: Why Does Crypto Win?
Here’s a quick comparison to make it clear why more and more Slovenians are switching to crypto platforms:
| Nexo | Traditional bank | |
| Annual interest (savings) | Up to 13% | 1 – 3% |
| Transaction speed | Seconds/minutes | 1-3 business days |
| Access to your money | 24/7 | Business hours |
| Credit check for a loan | NO | YES |
| Minimum deposit to earn interest | No large sum required | Often a high minimum |
It’s clear why crypto is gaining more and more followers. It’s not a fad – it’s a change in how money works.
Start Now: Your First Step
If you’ve read the whole article, then you know enough to take the first step. And that first step is the decisive one.
Here’s your action plan:
- Go to nexo.com and create a free account
- Verify your identity (KYC process – takes less than 5 minutes)
- Add a small amount (€50 – €100) via bank transfer or card
- Buy a stablecoin (USDT or USDC) for a first taste without the risk of price swings
- Turn on Flexible Yield and start earning interest every day
Before you take any of these steps, download my free crypto e-book, where I explain everything – from the basics to advanced strategies for earning with cryptocurrencies:
👉 Download the free crypto e-book here
Conclusion: How to Earn with Nexo – Summary
Nexo is one of the simplest and, at the same time, most powerful platforms for earning with cryptocurrencies. As a beginner, you have the following available:
- Flexible Yield – earn interest every day, with access to your funds at any time
- Fixed-term Yield – higher interest for locking your funds for a set period
- Nexo Credit Line – loans without selling your crypto
- Nexo Card – pay for everyday purchases with crypto and earn cashback
- NEXO tokens – higher benefits and interest for loyal users
The crypto world is real. Banks are already feeling the pressure. And those who learn how to earn with Nexo and other crypto platforms today will be ahead of everyone else tomorrow.
📘 A free crypto e-book for everyone who wants to know more: Download now
