Celsius vs Nexo

Celsius or Nexo – which is better for UK traders 2024? Compare Celsius and Nexo in this detailed breakdown of their platforms, features and fees.

Celsius vs Nexo Comparison Table 2024
Celsius Nexo
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1
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3.9
Celsius is ranked #83 among crypto brokers. Nexo is ranked #38 among crypto brokers.
Celsius has closed or no longer accepts UK clients.
Celsius has filed for Chapter 11 bankruptcy protection. We strongly advise against making any deposits until the current situation has been resolved.
Celsius Network is a UK-based cryptocurrency lending and borrowing platform with an in-built exchange and support for trading almost 40 digital tokens.
Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.
Pros
  • Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation
  • Nexo Pro is a user-friendly proprietary platform that suits trading strategies with great charting features
  • Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
  • Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities
  • Nexo’s crypto staking and credit features support crypto lending and borrowing, and the yields lenders receive are among the best going
  • Traders benefit from bonuses and incentives including free trading funds paid to lenders and cashback in the form of the exchange’s native Nexo token
Cons
  • Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage
  • High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods
  • Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
  • High maker/taker fees mean traders will pay more to trade derivatives than they would at rival exchanges like Binance
  • The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken
Awards
  • Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
  • Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
FCA Regulated
No No

List of FCA Regulated Brokers

Instruments
Cryptos Cryptos
Demo Account
Yes No
Minimum Deposit
$0 $10
Payment Methods
Minimum Trade
$0 $30
Regulator
SEC, FinCEN
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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rating full
3.8
Android App Rating
rating empty
rating empty
rating full
4
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
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 No
Spot Trading
No Yes
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
Cryptocurrency
Nexo offers trading on an impressive suite of around 70 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool or from interest earned via peer-to-peer loans.
Spread
Variable N/A
Coins
  • BTC
  • ETH
  • DASH
  • BCH
  • BSV
  • LTC
  • ZEC
  • XLM
  • OMG
  • TUSD
  • GUSD
  • PAX
  • PAXG
  • USDC
  • MCDAI
  • CEL
  • ZRX
  • USDT
  • TGBP
  • TAUD
  • THKD
  • TCAD
  • EOS
  • ETC
  • BAT
  • BUSD
  • KNC
  • LINK
  • MATIC
  • SNX
  • UMA
  • UNI
  • MANA
  • COMP
  • AAVE
  • BNT
  • DOT
  • ZUSD
  • ADA
  • 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
Crypto Lending
Yes Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
Yes No
Celsius Nexo
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