CryptoExchangePicks

Credit Card · Mastercard

Nexo Card crypto card review

4.6

The Nexo Card can spend against crypto collateral in credit mode or debit directly from available balances. That makes it more flexible than simple prepaid cards, but users must understand collateral, interest and liquidation mechanics.

KYC requiredCredit + Debit · Mastercard

Detailed scoring

Fees

4.2

Cashback / Rewards

4.5

Usability

4.6

Risk

4.2
Monthly
0 EUR
Issuance
0 EUR
FX
Depends on loyalty tier
Conversion
Spreads/interest may apply by mode

Fees & Cashback

No annual fee; costs depend on credit or debit mode

Cashback: Up to 2% in credit mode

KYC, regulation & risk

KYC required. Credit mode introduces collateral and liquidation risk if the value of pledged crypto falls.

Best for: Users who want a real credit-card style product backed by crypto collateral.

Pros

  • Credit and debit mode
  • Up to 2% cashback
  • Apple Pay and Google Pay

Cons

  • KYC required
  • Credit mode is complex
  • Availability varies by country

How it works

From account setup to your first payment with the Nexo Card.

  1. 1

    Create a Nexo account

    Sign up via Nexo app or website with email and 2FA.

  2. 2

    Complete KYC

    Identity check with EEA or UK ID. Required for the card.

  3. 3

    Deposit crypto as collateral

    Virtual card from $50 portfolio, physical card from $5,000.

  4. 4

    Choose Credit or Debit mode

    Credit mode uses crypto as collateral without selling. Debit mode spends from balance.

  5. 5

    Pay

    Add the virtual card to Apple Pay / Google Pay instantly; physical card ships by mail.

Card tiers & upgrades

4 tiers — higher tiers usually unlock more cashback and perks.

Base

At least $5,000 portfolio value, NEXO token share below 1%

Monthly
0 EUR
Cashback
0.5% in NEXO or 0.1% in BTC
  • ATM limit 200 EUR / 180 GBP per month
  • Apple Pay and Google Pay

Silver

NEXO share 1-5% of portfolio

Monthly
0 EUR
Cashback
0.7% in NEXO or 0.2% in BTC
  • ATM limit 400 EUR / 360 GBP per month

Gold

NEXO share 5-10% of portfolio

Monthly
0 EUR
Cashback
1% in NEXO or 0.3% in BTC
  • ATM limit 1,000 EUR / 900 GBP per month
  • Priority support

Platinum

NEXO share 10%+ of portfolio

Monthly
0 EUR
Cashback
2% in NEXO or 0.5% in BTC
  • ATM limit 2,000 EUR / 1,800 GBP per month
  • Highest cashback tier

Note

Credit mode introduces collateral and liquidation risk if the value of pledged crypto falls.

Verdict

Nexo is one of the strongest true crypto-card candidates because it supports both credit and debit modes.

Frequently asked questions about Nexo Card

Nexo Card has a real credit-card component. You still need to understand the credit, collateral and repayment mechanics before using it.
KYC required. Credit mode introduces collateral and liquidation risk if the value of pledged crypto falls.
No annual fee; costs depend on credit or debit mode. Issuance: 0 EUR. Monthly: 0 EUR. FX: Depends on loyalty tier. Conversion: Spreads/interest may apply by mode.

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