Ranked #19 of 35
Nexo Card Review
Nexo's dual-mode card: borrow against your crypto in Credit Mode or spend it in Debit Mode.
Quick answer
According to Nexo Card's website, its FX spread is 0.2%; base cashback 0.5% in NEXO or 0.1% in BTC (Base tier, Credit Mode, $5,000+ balance), highest cashback 2% in NEXO or 0.5% in BTC (Platinum); custody Custodial; KYC required. According to the card website; Last verified 28 Oct 2026 by Tristyn Pawson.
Figures are as published by the provider and cross-checked against public documentation. No live transaction test has been completed yet.
Card at a glance
The figures below are the terms published by the provider and cross-checked against their documentation. A tested breakdown lands here once the card goes through our benchmark purchase.
- FX fee
- 0.2%
- Base cashback
- 0.5% in NEXO or 0.1% in BTC (Base tier, Credit Mode, $5,000+ balance)
- Highest cashback
- 2% in NEXO or 0.5% in BTC (Platinum)
- Card cost
- Free. Virtual needs $50 balance; physical free incl. shipping with Gold tier and $5,000+ portfolio
Claimed by provider
- Wallet architecture
- Custodial
- Setup time
- Virtual card activates almost instantly
- Spend limit
- Not published
- ATM withdrawals
- Free €200/€400/€1,000/€2,000 per month by tier, then 2% (min €1.99)
The verdict
Nexo is the credit or debit card.
Flip a switch and you borrow against your crypto instead of selling it. That's the whole pitch, and it's a good one if you're holding long term.
FX is 0.2% on weekdays in Europe. It jumps to 0.7% on weekends and 2% to 2.5% outside Europe.
Cashback needs $5k on the platform, and the 2% top tier needs NEXO tokens. Do the math before you chase it.
Not rated yet
Strengths
- 0.2% weekday FX in Europe
- Credit Mode means no selling
- No card fees
Weaknesses
- Cashback gated behind $5k and NEXO tokens
- EEA and UK only
- Custodial
Compare with other cards
Nexo Card vs Ethena Pay
#1 · 1% spread
Nexo Card vs Coca Card
#2 · 1.18% spread
Nexo Card vs EtherFi
#3 · 0.51% spread
| # | Card | FX spread | Card cost | Base cashback | Custody | Setup time | Score |
|---|---|---|---|---|---|---|---|
| 1 | Nexo Card | 0.2% | Free. Virtual needs $50 balance; physical free incl. shipping with Gold tier and $5,000+ portfolio | 0.5% in NEXO or 0.1% in BTC (Base tier, Credit Mode, $5,000+ balance) | Custodial | Virtual card activates almost instantly | Not rated yet |
| 2 | Ethena Pay | 1% | 0 | 4% | Non-Custodial (no option to see keys until deleting account | 10 minutes | 8.5/10 |
| 3 | Coca Card | 1.18% | Free | 1% in USDC, paid on the 10th | Non-Custodial | ~8 minutes | 9.2/10 |
| 4 | EtherFi | 0.51% | Free | 3% instant | Non-Custodial | ~8 minutes | 9.2/10 |
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Nexo Card FAQs
Nexo Card
0.2% FX · Not rated yet
Who ranks these cards
I'm Tristyn Pawson, founder of ConsistenC.xyz. Over the last five years I've worked on marketing, development and growth across five crypto cards and neobanks, building at least three of them from scratch.
Alongside that I've run in-depth research on 20+ crypto banks to understand what actually makes someone keep a card in their wallet. These rankings reflect that: which problems are tolerable, and which ones are genuine deal breakers.
- Years in market
- 5
- Cards built on
- 5
- Neobanks researched
- 20+