Nexus Mutual Price
NXM
How Much is 1 Nexus Mutual (NXM)
Convert NXM to your currency
Last Updated on Dec 22, 2025 03:51 PM
What is Nexus Mutual?
About the coin
Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain. It provides coverage specifically for smart contracts, aiming to protect users from financial losses due to hacks or exploits in the smart contract code. The protocol is designed to offer a safety net for users engaging with decentralized finance (DeFi) protocols by covering potential bugs in the smart contract code.
Main features
The primary feature of Nexus Mutual is its smart contract cover, which protects against unintended uses of smart contracts. This means that while it offers protection against bugs and exploits, it does not cover events such as the loss of private keys or hacks on centralized exchanges. In December 2020, Nexus Mutual expanded its offerings to include custody cover, which protects against risks associated with centralized custodians and lenders like Celsius, Blockfi, and Nexo.
How it works
Nexus Mutual operates by pooling funds from its members, who can then purchase coverage for specific smart contracts. The mutual nature of the protocol means that members share the risk and rewards, with claims being assessed and paid out by the community. This decentralized approach allows for a more flexible and community-driven insurance model, leveraging the transparency and security of the Ethereum blockchain.
Wallet for Nexus Mutual
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Tangem supports networks for Nexus Mutual
- Ethereum
- Solana
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Nexus Mutual FAQ
- Nexus Mutual is a cryptocurrency built on a decentralized network, enabling secure and transparent transactions. Its blockchain design supports various use cases depending on the project’s goals.
- Nexus Mutual stands out for its performance, cost-effective transactions, and ecosystem support. These strengths make it suitable for various blockchain activities.
- Yes, both names point to the same token. NXM is just the shorthand symbol used for market and wallet displays.
- To buy Nexus Mutual, choose a wallet that supports it, complete the payment, and withdraw the coins to your secure hardware wallet.
- Store Nexus Mutual in a non-custodial wallet where you control your keys. Tangem hardware wallets offer strong offline security.
How to secure Nexus Mutual with Tangem Wallet?
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Why choose Nexus Mutual wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
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