Nexo vs Paxful

Nexo vs Paxful Comparison Table 2023
Nexo Review 2023	Paxful Review 2023
Review 3.9 Nexo is #21 in our crypto broker rankings.	Paxful Review 2023 has closed.
Traders from US accepted	Traders from US accepted
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.	Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Bonus Offer
Loyalty scheme with various bonuses, plus referral program
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."
Pros
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
Cons
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
Instruments
Cryptos	Cryptos
Demo Account
Yes	No
Minimum Deposit
$10	0.005 BTC
Trading Platforms
Own	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card	American Express Bitcoin Payments Credit Card Debit Card Ethereum Payments Google Wallet Mastercard Neteller PayPal Przelewy24 Skrill Visa Wire Transfer
Minimum Trade
$30	$10
Regulator
ASIC, FCEN
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	Yes
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Android & iOS
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP	USD EUR GBP
Cryptocurrency
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.	Paxful offers buying and selling of the world's leading cryptocurrencies.
Spread
N/A	Rates set by vendors
Coins
BTC ETH NEXO USDT USDC AXS RUNE MATIC DOT APE AVAX KSM ATOM FTM NEAR BNB ADA SOL XRP LTC LINK BCH TRX XLM EOS PAXG UNI DOGE MANA SAND GALA SUSHI AAVE CRV MKR 1INCH DAI USDP TUSD	BTC ETH USDT
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Paxful Review 2023 has closed.
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