Nexo vs AQRU – The Differences
AQRU and Nexo are popular choices for those looking to invest in Cryptocurrency. However, while both platforms offer unique advantages, there are also some significant differences between them.
Unlike the AQRU platform, which pays out daily interest in the same Cryptocurrency that you invest in, Nexo pays out all accrued interest in NEXO tokens. While this can be beneficial if you believe in the long-term prospects of the NEXO token, it also means that you’ll incur fees if you want to convert these back into another type of Cryptocurrency.
While Nexo offers some of the best yields available, its highest interest rates are reserved for top loyalty tier status customers. If you’re a lower-tier customer, you’re likely to get a smaller rate of return. In contrast, AQRU doesn’t have a complex tier system but instead offers the same competitive rates to all its customers.
Neither platform charges for fiat withdrawals, yet there is a clear difference in withdrawing funds in Crypto. Nexo offers between one and five free Crypto withdrawals per month, depending on loyalty tier. However, they charge for other transactions with varying rates depending on the current market condition of the respective blockchain. This inconsistency means that users may find it challenging to plan and budget, as they don’t know for certain what fees they will suffer before making a withdrawal. On the other hand, AQRU charges a fixed $20 on Crypto withdrawals, no matter the coin, so users can always know what to expect.