- Send any crypto instantly to anyone with a Nexo account.
- Make unlimited free internal withdrawals, without any blockchain confirmations.
The Nexo community has grown to over 2 million members. Nexo is constantly improving its services and making Nexo the definitive marketplace to buy, swap, sell and borrow against crypto assets. With this in mind, Nexo has launched a new feature allowing users to make free and instant internal transfers to other Nexo users.
Nexo your Crypto Tokens on Mobile and Web!
Now you can send all cryptocurrencies* supported by Nexo instantly and free of charge to your friends, family or colleagues as long as they have a Nexo account. These transfers function just like regular crypto withdrawals, yet they don’t affect the number of free monthly crypto withdrawals you have left.
The new feature, available on both mobile and web, will reduce the hassle of sending digital assets through expensive traditional finance solutions or waiting for blockchain confirmations.
How to : Instant Crypto Wallet Transactions and Withdrawals
Once you choose to withdraw assets to another crypto wallet by entering the address or simply by scanning a QR code, the system will work to associate the destination address to a Nexo user account. Funds will then be swiftly transferred to the wallet with no blockchain interaction.
- Select the “Withdraw” option and the asset you’d like to transfer.
- Insert your contact’s Nexo address for the respective asset or just scan their QR code.
- Add the amount you’d like to send and confirm your transfer.
You’re all set! The balance in your Portfolio is updated instantly.
Benefits of Nexo’s Instant Crypto Transfers
Waiting for days to have your transfers processed through costly traditional finance solutions is old news. With our new feature:
- As soon as your order is processed, your balance will be updated instantly.
- Asset transfers to Nexo users does not impact the number of free crypto withdrawals based on your loyalty tier.
- There is no limit to how many transactions you can make – you and your Nexo friends can enjoy as many crypto transfers as you like without any blockchain interaction.
Note: When you enter another Nexo user’s wallet address, a message will be displayed confirming that this address belongs to them. If you don’t get this confirmation, you’re likely transferring to an external wallet.
*You can transfer freely all cryptocurrencies that are available for withdrawal on the Nexo platform.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
