Crypto Invest

6 Steps To Send USDT To Nexo

Send USDT to Nexo

Last updated on January 5th, 2022

This article contains affiliate links. You can read more about these links in my Editorial Guidelines.

Nexo allows you to earn interest on a variety of cryptocurrencies.

One of them is USDT, and you may be wondering how you can send this cryptocurrency to Nexo.

Here’s what you need to know.

Can I send USDT to Nexo?

You are able to send USDT to Nexo via the ERC20 network. Nexo does not accept USDT deposits via the TRC20, SOL or BEP20 networks, so you may lose the USDT that you’ve sent through this method.

How to send USDT to Nexo

Here are 6 steps to send USDT to Nexo:

  1. Select a platform that enables USDT withdrawals via the ERC20 network
  2. Go to ‘Top Up’ on Nexo
  3. Select USDT as the asset to deposit
  4. Copy the USDT deposit address
  5. Withdraw from the platform of your choice using the ERC20 network
  6. Receive USDT on Nexo

And here is each step explained in-depth:

Select a platform that enables USDT withdrawals via the ERC20 network

Since you are only able to send USDT via the ERC20 network, you will need to buy USDT on an exchange that supports such withdrawals.

Here are 5 exchanges for your consideration:

PlatformUSDT
Withdrawal Fee
Binance24 USDT
Crypto.com25 USDT
AAX8 USDT
Kucoin35 USDT
FTXDynamic

In terms of USDT ERC20 withdrawals, it seems that AAX has the lowest fees when you want to make a withdrawal.

Go to ‘Top Up’ on Nexo

After buying USDT on one of these exchanges, the next step will be to obtain the deposit address on Nexo.

You’ll need to go to the Nexo platform, and select the ‘+‘ icon in the middle.

Nexo Select Plus Icon 2

Afterwards, select ‘Top Up‘.

Nexo Select Top Up 2

Select USDT as the asset to deposit

This will bring you to the deposit page where you can top up different cryptocurrencies.

Nexo Top Up BTC

You will need to search for USDT to deposit it on the platform.

Nexo Select USDT

Copy the USDT deposit address

After selecting USDT, this will show you the deposit address that you’ll need to copy to the platform where you’ve bought your USDT on.

Nexo USDT Deposit Address

This is an ERC20 network address, and you should only use a platform that supports such withdrawals.

If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.

This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!

Withdraw from the platform of your choice using the ERC20 network

The next step you’ll need to do would be to withdraw USDT from the platform that you’ve chosen to Nexo using the ERC20 network.

There may be some platforms like Binance which allow you to withdraw USDT using the Binance Smart Chain (BEP20), Solana or TRC20 networks.

Binance Withdraw USDT Networks

Meanwhile, other platforms like FTX also allows USDT withdrawals via the Solana network and the TRC20 network.

FTX USDT Withdrawal

It is important that you withdraw USDT using the ERC20 network, and not other networks like SOL, BEP20 or TRC20. Nexo does not support other networks, and you may lose the USDT that you sent over!

Receive USDT on Nexo

After confirming the withdrawal on the platform of your choice, you will receive USDT on Nexo. This may take a while, as the ERC20 network is usually rather congested.

You are able to start earning interest on your funds, or even take a crypto-backed loan as well!

If you choose to earn your interest in NEXO, you may receive a higher interest rate which increases your returns. You can find out more about selling NEXO tokens back to USD if you wish to cash out your crypto.

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Conclusion

When you are sending USDT to Nexo, it is important that you only do so via the ERC20 network.

If you choose to send USDT via the Solana network or the Binance Smart Chain (BEP20), there may be a chance that your USDT may be lost forever!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Nexo Referral (Earn USD$25 in BTC)

If you are interested in signing up for a Nexo account, you can use my referral link. You will receive USD$25 in BTC after holding $100 or more in assets for the next 30 days.

Nexo Referral New

Here’s what you need to do:

  1. Sign up for a Nexo account
  2. Complete the Advanced Verification on Nexo
  3. Transfer ≥ $100 worth of assets into Nexo
  4. Hold these assets for at least 30 days

You will receive your BTC reward in the next 30 days!

You can view more information about this promotion on Nexo’s website.

FTX Referral (5% trading fee discount)

If you are interested in signing up for an FTX account, you can use my referral link.

You will receive a 5% trading fee discount for any trades that you make.

FTX Referral Trading Fee Discount

Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

We will both receive $25 USD worth of CRO in our Crypto Wallet.

Crypto.com Referral

Here’s what you’ll need to do:

  1. Sign up for a Crypto.com account
  2. Enter my referral code: ‘x2kfzusxq6
  3. Stake enough CRO to unlock a Ruby Steel card or higher

The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

Binance Referral (Receive 5% off your trading fees)

If you are interested in signing up for a Binance account, you can use my referral link.

You will be able to receive 5% off all of your trading fees on Binance!

AAX Referral (Receive up to $50 USDT worth of rewards)

If you are interested in signing up for an AAX account, you can use my referral link.

Here’s what you need to do to receive this reward:

  1. Sign up for an AAX account
  2. Complete level 1 KYC on the platform
  3. Generate 10,000 USDT in trading volume on the spot or futures markets + deposit 500 USDT via P2P, Quick Buy and Sell, cash deposit or crypto deposit

Once you have completed the criteria above, you will be able to receive 50 USDT in rewards.

You can view more about this promotion on AAX’s website.


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