Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.
BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Loyalty scheme with various bonuses, plus referral program
Fee reduction for BMEX token holders
Comment by Reviewer
"Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets."
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."
Convenient way to buy, stake, lend and borrow crypto through one platform
Allows users to borrow against their crypto holdings
2 factor authentication for added security
Advanced Nexo Pro trading platform
Referral program with $25 in BTC
Very affordable pricing structure
High-yield interest savings
OTC trading capabilities
Audited by Armanino
Earn NEXO tokens
Great customizability using widgets within the platform, making it easier to see exactly what you want
A platform solely designed for crypto makes it more streamlined than multi-asset terminals
Access to a considerable amount of information directly from BitMEX, freely available on their site
The opportunity to talk to investors from all over the world using the inbuilt chat functionality
High levels of security, ensuring that trading on the exchange is relatively secure 24/7
A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin
Earn interest on HODL-ing tokens – Tether and Bitcoin
Highly leveraged crypto trading with rates up to 1:100
Insurance fund to avoid liquidation plus python API
Restrictions on using the native tokens for New York and Vermont US residents
High collateral requirement of 200% of the amount you wish to loan
Relatively small selection of crypto tokens which misses newer altcoins
Native tokens are required for maximum interest rates
Limited free cryptocurrency withdrawals
No crypto derivative trading
BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies
The interface is not as new, stylish or innovative as other options on the market
Withdrawals are only carried out at a set time of day
Legal dispute with US regulators resulted in fines
Nexo traders can buy and sell 60+ cryptocurrencies using fiat, or trade between 500+ market pairs. The app functions as a crypto wallet, meaning that clients will own their own tokens but Nexo will have custody of them. Crypto assets can be transferred from the Nexo wallet. Fees are low and user security is high.
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.