Swissborg vs Nexo | Best Exchange To Earn Interest & Trade On?

Let's take a closer look at the trading fees offered by Swissborg and Nexo. Both exchanges provide different fee structures based on the account status or trading volumes of their users.

First, let's talk about Swissborg. They have two types of trading fees: exchange fees and thematic fees. Exchange fees range from 1% to 0.25%, depending on the account status. For example, users with a Standard account (lowest level) will pay higher fees compared to those with a Genesis account (highest level).

On the other hand, thematic fees range from 2% for standard accounts to 1% for Genesis accounts. It's worth noting that Swissborg offers competitive fee rates for its users, making it an attractive option for traders.

Nexo charges spot maker and taker fees, which range from 0.04% to 0.2%. This means that depending on which cryptocurrencies are bought on Nexo and with which trading pair, users will be charged different fees within this range.

While Nexo's fees are not the lowest in the industry, they still provide a reasonable fee structure and obviously quite a bit lower fees than Swissborg.

Swissborg and Nexo both offer fiat deposit options for their users. However, there are some differences in the deposit methods and fees offered by each exchange.

Swissborg supports multiple fiat currencies for deposits including EUR, GBP, CAD, and CHF. For GBP deposits, users can choose between Faster Payments (FSP) and Swift transfers. If you prefer to deposit EUR, SEPA transfers are available.

On the other hand, if you wish to deposit CAD or CHF, you can do so via Swift transfers. Swissborg also allows users to deposit funds with Visa or Mastercard with a minimum fee of 5 EUR for card deposits.The fee for card deposits ranges between 1.5% to 4.5%, depending on the amount.

Nexo supports three fiat currencies for deposits: USD, EUR, and GBP. Users can deposit funds via bank transfers using SWIFT (USD), SEPA (EUR), or Faster Payments (GBP).

The good news is that Nexo does not charge any deposit fees for any fiat currencies, which is definitely a bonus for users looking to avoid additional costs.

In terms of the deposit methods offered, Swissborg has more options available than Nexo with the inclusion of Faster Payments (FSP) and Swift transfers for GBP deposits, as well as the option to deposit CAD or CHF via Swift transfers.

Swissborg offers users the ability to withdraw both fiat currencies and cryptocurrencies.

When it comes to fiat withdrawals, Swissborg charges a 0.1% execution fee with a minimum limit of 1 EUR and a maximum limit of 100 EUR. This means that the fee increases with the withdrawal amount which is crazy and worth avoiding this exchange all together for! 

Swissborg supports multiple fiat currencies for withdrawals including USD, EUR, CHF and GBP.

On the other hand, Nexo also allows users to withdraw fiat currencies such as USD, EUR, and GBP. The best part is that Nexo offers zero fees for withdrawing these fiat currencies via bank transfer.

When it comes to cryptocurrency withdrawals, Nexo Bitcoin withdrawals range from 0.00008 BTC for withdrawals under $10 to 0.0004 BTC for withdrawals over $20. For Ethereum, the fees range from 0.002 ETH to 0.0005 ETH. The fees for USDT and USDC withdrawals are dynamic and can range from $1 to $10, depending on network activity.

Overall, both Swissborg and Nexo provide users with the flexibility to withdraw both fiat currencies and cryptocurrencies.

While Swissborg charges a terrible percentage-based execution fee for crypto withdrawals, Nexo stands out with its zero-fee policy for USD, EUR, and GBP bank transfers.

In conclusion, both Swissborg and Nexo are reputable cryptocurrency exchanges with their own unique features and offerings.

Swissborg focuses on providing a beginner-friendly experience with its modern mobile app, while Nexo differentiates itself by offering an interest-earning account.

In terms of userbase, Nexo has the advantage with over 5 million users worldwide compared to Swissborg's 700,000 users across Europe. However, Swissborg has a higher rating on Android and iOS with 4.3 stars compared to Nexo's 4.1 stars.

When it comes to cryptocurrency selection, Nexo offers support for over 60 cryptocurrencies, providing users with a diverse range of options. Swissborg, on the other hand, focuses on a smaller selection of 50 cryptocurrencies.

In terms of fees, Swissborg has a much more expensive tiered fee structure based on account status and trading volumes, while Nexo charges spot trading fees ranging from 0.04% to 0.2%.

For fiat deposits, Swissborg supports EUR, GBP, CAD, and CHF, while Nexo supports only USD, EUR, and GBP. Swissborg offers more deposit options, including card deposits with fees ranging from 1.5% to 4.5%, while Nexo does not charge any deposit fees.

When it comes to withdrawal options, both exchanges allow users to withdraw fiat currencies and cryptocurrencies. Swissborg charges a 0.1% execution fee for fiat withdrawals, while Nexo offers zero fees for fiat withdrawals via bank transfer.

In our opinion, Nexo is clearly the better exchange across the board compared to Swissborg as it provides more products and cryptocurrencies and lower fees overall.