Nexo Withdrawal Fees for Crypto, Credit Line, and FiatX Withdrawals
With Nexo, you get a free withdrawal limit. Depending on your Loyalty Tier, Nexo offers 1-5 monthly crypto withdrawals to its users. Once that limit is consumed, the platform will start charging a fee for every withdrawal.
With that said, all crypto transfers between Nexo accounts are unlimited, instant, and free of charge as long as you are within the limits. The total number of free withdrawals you get depends on the type of plan you have opted for.
Essentially, there are four major types of plans offered by Nexo:
- Base - 1 free crypto withdrawal per month
- Silver - 2 free crypto withdrawals per month
- Gold - 3 free crypto withdrawals per month
- Platinum - 5 free crypto withdrawals per month
Please note that these free withdrawals are sent to your external wallets that are feeless. And because all your monthly crypto withdrawals are off-chain, the Internal Nexo transfers do not influence the transaction.
The fee charged after the limit is over will depend on various factors. For starters, the fee is not fixed and is highly influenced by the market condition of the blockchain. At the time of withdrawal, you will see the total amount to be deducted, including the Nexo token withdrawal fee and the network fee.
Each month, Nexo resets the limit, allowing the users to make another set(s) of free withdrawal(s).
When it comes to Credit Line and FiatX, Nexo doesn't charge a single penny from its users. Under its #ZeroFees policy, you can make unlimited FiatX and Credit Line withdrawals and transfers into your Nexo Wallet.
On the other hand, the platform also doesn't charge any credit line forex, origination, and exchange fees.