Disclaimer: Celsius has filed for bankruptcy, and the information on this page is no longer relevant. If you are looking for a platform to earn crypto interest, here are our top recommendations:
Investing and earning interest on crypto has become a popular way to earn some passive income. However, due to its rising popularity, there are many platforms that allow you to buy, sell, and earn on crypto. The problem is - how to choose the right one?
In this article, we will review two popular crypto interest accounts, Celsius (read review) and Nexo (read review), and see which one is a better choice. Celsius is a comprehensive crypto platform that lets users buy, sell, swap, and borrow crypto, as well as earn interest. Nexo also offers crypto purchasing, borrowing, interest, and a card where you can spend your crypto. So, let’s dive into the details and see which is better for your needs!
Celsius vs Nexo: Interest Rate Comparison
Header |  | |
|---|---|---|
 BTC | 6.50% APY (First 0.1 BTC) | 4% APY |
 ETH | 6% APY (First 2 ETH) | 4% APY |
 USDT | 7.10% APY | 8% APY |
 USDC | 7.10% APY | 8% APY |
 DAI | 4.60% APY | 8% APY |
Cell |
Header | | |
|---|---|---|
BTC | 6.50% APY (First 0.1 BTC) | 4% APY |
ETH | 6% APY (First 2 ETH) | 4% APY |
USDT | 7.10% APY | 8% APY |
USDC | 7.10% APY | 8% APY |
DAI | 4.60% APY | 8% APY |
Cell |
Celsius vs Nexo: Comparison Table
Cell |  | |
Nunber of Coins | 46 | 34 |
Minimum Deposit | None | None |
Withdraw Fee | Free | Depending on loyalty level, you can receive between 1 and 5 free withdrawals per month. |
Pros | - $50 FREE Bitcoin bonus - Higher interest rates if rewards paid in native CEL token - CelPay is easy to use | - Available accounts with high interest rates - Loyalty members receive even higher rates - Support for a wide variety of crypto |
Cons | - Highly centralized control - Not many coins available for purchase - No crypto exchange and limited trading through 3rd party vendors
| - Loyalty members get the best rates - The native token is expensive to buy - The exchange doesn’t have transparent fees |
Website |
Celsius vs Nexo: Comparison Table
Cell | | |
Number of Coins | 46 | 34 |
Minimum Deposit | None | None |
Withdraw Fee | Free | Depending on loyalty level, you can receive between 1 and 5 free withdrawals per month. |
Pros | - $50 FREE Bitcoin bonus - Higher interest rates if rewards paid in native CEL token - CelPay is easy to use | - Available accounts with high interest rates - Loyalty members receive even higher rates - Support for a wide variety of crypto |
Cons | - Highly centralized control - Not many coins available for purchase - No crypto exchange and limited trading through 3rd party vendors
| - Loyalty members get the best rates - The native token is expensive to buy - The exchange doesn’t have transparent fees |
Website |
- Free $50 BTC sign-up offer
- Benefits for using the native CEL token including higher interest rates
- CelPay is easy to use
- $30 million insurance fund for assets stored within the Celsius wallet app
- Can trade via desktop, iOS or Android apps
- No fees for loan origination, minimum balances, or transfers
- Highly centralized control
- Not many coins and tokens available for purchase
- No crypto exchange, and limited trading through third-party vendors
- A wide range of supported cryptocurrencies to choose from
- Excellent insurance policy in place
- High interest rates for loyalty members
- Fiat interest accounts
- Native token is expensive and difficult to trade
- Exchange fees aren’t completely transparent
Celsius vs Nexo Features
The first thing we should mention about Celsius is that it supports over 40 different coins, and features CelPay, an easy-to-use, and intuitive payment method. Celsius has $30 million stored in insurance for assets, which makes it one of the largest crypto interest platforms in the world.
You can also buy and sell crypto, swap crypto, borrow crypto, and they are close to releasing a credit card where you earn rewards on your credit card spend, and also earn rewards on your crypto collateral.
Another great thing about Celsius is that it offers a bonus of $50 in BTC if you deposit $400 or more with this link. It is an excellent way to kickstart your crypto savings since you can use that $50 BTC to earn interest.
When it comes to Nexo, we should mention that it doesn’t offer amazingly high-interest rates, but it offers some nice bonus APY rates, as well as some other features. For example, if you lock your crypto for one month, you automatically get a 1% bonus on top of the interest rate.
Also, if you choose to receive your interest in their base coin, NEXO, you will receive an additional 2% bonus. On top of that, you can earn even more interest based on your loyalty level. In other words, the more NEXO coins you have compared to other coins, the more interest you will receive.
Nexo also offers buying and selling of cryptocurrencies, swaps, borrowing, and they have a credit card. With the credit card, you receive up to 2% cashback (in BTC or NEXO) on purchases, so you can earn more crypto as you spend.
Nexo also has a welcome offer of $25 BTC FREE when you deposit just $100 worth of crypto into the account, if you sign up with this link.
Winner - Celsius
Celsius wins when it comes to features, as it offers a payment system called CelPay, as well as a generous $50 BTC welcome offer.
Celsius vs Nexo Fees
Fees can be quite frustrating, but when it comes to Celsius and Nexo, neither of these platforms require paying any fees for deposit. There is also no minimum amount for deposit, meaning that you can invest as much or as little as you wish.
Things are slightly different when it comes to withdrawal fees. While Celsius has no withdrawal fees, Nexo requires new users to pay a small fee. However, depending on the loyalty level, Nexo rewards its users with up to five free withdrawals each month. For example, if your portfolio consists of 10% or more NEXO coins, you will be able to withdraw five times for free each month.
Number of Cryptocurrencies
While Nexo has 34 different coins, Celsius is slightly better, supporting 46 coins.
Winner - Celsius
While neither of these platforms provides the widest variety, Celsius wins this one, with 46 cryptocurrencies on offer.
Celsius vs Nexo Security
Security is one of the most important aspects when working with crypto, so let’s see how these two platforms differ.
Nexo is a company from Switzerland and follows Swiss financial laws. On top of that, it stores coins in cold wallets and Class III vaults and has $1 billion in insurance to cover custodial assets.
By the time of writing, Celsius has been around for half a decade and was never hacked. Like Nexo, it also stores coins in cold wallets, and all customer data is SSL encrypted. Basically, no matter which platform you choose, you can be completely sure that your money and all of your info will be safe.
Winner - Draw
Both platforms have extremely secure systems in place to ensure users' funds are safe. You cannot go wrong with either Nexo or Celsius.
Verdict - Celsius
The truth is, both Celsius and Nexo are great platforms to invest and earn on crypto. However, Celsius gives slightly higher interest rates, supports more coins, and unlike Nexo, it requires no withdrawal fees. You should also note that earning interest on Nexo is not available in the US. On top of that, Celsius offers a $50 bonus if you deposit $400 or more, when you sign up here, which definitely makes it an excellent choice.
Overall Winner - Celsius
Celsius wins overall due to some great features and options. Nexo is also a great platform to invest and earn on crypto, but you should note that earning interest on Nexo is not available in the US.
Frequently Asked Questions
Yes, Celsius is a trusted crypto platform. Since its inception in 2017, Celsius has rapidly grown to become a leading cryptocurrency earning and borrowing platform.
Yes, Nexo is ISO/IEC 27701:2013 certified, which is not an easy certification to earn. Deposits are also kept offline in cold storage, and all customer data is protected with SSL encryptions.
Alex Mashinsky is listed as the CEO and Co-Founder of Celsius Network.
Still Researching?
If you are still undecided, you can read my full review on Celsius (here) and Nexo (here) or have a read of my article on the best ways to earn interest on your crypto.
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