In This Article
Nexo, the leading crypto wealth management platform, has officially introduced its dual crypto card, the Nexo Card, to users in the UK. Cardholders get to enjoy seamless debit and credit payments with over 100 million global merchants.
What Is the Nexo Card?
The Nexo Card is a unique crypto credit-debit card that platform users have access to for spending their crypto holdings on their accounts. It’s a dual-function card that allows purchases with both Credit and Debit Modes.
Additionally, the Nexo Card provides up to 2% cashback on purchases and earns extra interest on unused assets. Card users can also withdraw cash from ATMs, with up to $2,000 or €1,800 in free ATM withdrawals each month.
Key Features & Benefits of the Nexo Card
Let’s break down the core features and perks of the Nexo Card.
Credit Mode & Debit Mode Explained
One of the main features of the Nexo Card is its dual mode, allowing cardholders to easily switch between Credit and Debit Modes.
When using credit mode, users can make everyday fiat payments without having to liquidate their digital assets. Their crypto holdings on Nexo serve as collateral, with annual interest rates as low as 2.9% for the highest-tiered members.
On the other hand, the Debit Mode lets users spend their digital assets directly when making payments. With this mode, cardholders can earn interest on their unspent digital asset holdings.
Earning Interest & Rewards
Nexo Card users can earn 5% to 9% annual interest on their idle digital assets for FIATx holdings and up to 14% from the platform’s Flexible Savings service.
Purchases made through the Nexo Card’s Credit Mode are subject to crypto cashback in Bitcoin or NEXO tokens, Nexo’s native utility token. To receive cashback rewards, cardholders must maintain a minimum account balance of $5,000 in digital assets. The cashback amount varies depending on the user’s loyalty tier. Here’s a short breakdown:
- Base: 0.5% cashback in NEXO or 0.1% in BTC
- Silver: 0.7% cashback in NEXO or 0.2% in BTC
- Gold: 1% cashback in NEXO or 0.3% in BTC
- Platinum: 2% cashback in NEXO or 0.5% in BTC
Fees, Limits & Eligibility
Nexo Card is available to users who have completed KYC verification in select European countries and the United Kingdom. They can activate a virtual Nexo crypto Card for free by holding at least $50 worth of digital assets in their accounts.
Regarding Nexo Card fees, the platform does not charge any monthly or annual fees, nor does it have any inactivity fees. Cardholders receive free ATM withdrawals up to a specified monthly limit when using the crypto debit card. They are charged a 2% fee (minimum €1.99 or £1.99) if they exceed the limit.
Additionally, Nexo Card payments may be subject to foreign exchange fees if the transaction is in a currency different from the card’s currency (either EUR or GBP). Let’s outline them below:
- FX Fee: 0.2% for EEA/UK/CH currencies, 2% for other currencies
- Weekend FX Fee: An Additional 0.5% for all currencies.
Here’s how to get started with Nexo Card and how the platform keeps your assets and transactions secure. Follow these steps to get a Nexo Card and start making crypto payments: Once your card is activated, you can integrate it with Apple Pay or Google Pay, or start making purchases online through the MasterCard-powered Nexo Card. According to the Nexo support page, ordering physical Nexo Cards has been temporarily paused as of January 17, 2025. Nexo has issued over $371 billion in collateralized credit since 2018, and individuals can securely borrow crypto through its Credit Line feature. The Nexo Card helps users maximize their Credit Line with up to 2% digital asset cashback on every payment. Cardholders can manage their Nexo Card through the mobile app, which allows them to view card details, transaction history, and ATM withdrawal limits. In case of theft or loss, users can freeze and unfreeze their Nexo Card through the app.How the Nexo Card Works / Using It in Real Life
From Activation to Everyday Use
Security Measures & Risk Management
How the Nexo Card Compares to Other Crypto Cards
Nexo isn’t the only platform that provides crypto cards. Let’s compare Nexo Card to crypto debit and credit cards from other platforms.
Feature Comparison: Nexo vs Coinbase vs Wirex vs Crypto.com
Here’s how the Nexo Card compares to other crypto cards from Coinbase, Wirex, and Crypto.com:
- Nexo Card vs. Coinbase Card: Coinbase currently offers only a crypto debit card with varying rewards. On the other hand, Nexo provides up to 2% cashback and a dual-mode card.
- Nexo Card vs Wirex Card: Compared to the Nexo Card, the Wirex Card only features a debit card option and allows up to $200 in fee-free ATM withdrawals. The Nexo Card provides for up to €2,000 or £1,800 in monthly free ATM withdrawals.
- Nexo Card vs. Crypto.com Card: Crypto.com offers multiple crypto debit cards, but not credit cards. Subscription fees starting at $4.99 per month are available for some high-tier cards, whereas the Nexo Card offers Debit and Credit Modes with no subscription fees.
Pros & Cons from a Crypto User Perspective
The Nexo Card stands out among other crypto cards due to its flexibility, easy maintenance with no subscription fees, and generous crypto rewards offerings. Everyday crypto users can benefit from seamlessly switching between spending their token holdings with Debit Mode and keeping their digital assets and earning crypto cashback through Credit Mode.
However, users should also remember that the Nexo Card is currently limited to certain European countries and is not yet available in other major regions. Users must also KYC-verify their accounts to use the card. When using Nexo Card’s Credit Mode, users may need to add more crypto to their accounts if the value of their crypto collateral falls significantly.
How to Get the Nexo Card in 2025
Current KYC-verified Nexo users can easily apply for a Nexo Card if they’re citizens of supported regions. New users looking to apply for a Nexo Card must create a Nexo account and verify their identity using a supported ID issued in an eligible country.
After that, they need to deposit at least $50 in cryptocurrency funds and activate the Nexo Card through the mobile app. Full management of Nexo Card is available on the Nexo app, including card details, transaction history, ATM limits, freezing and unfreezing, and more.
References
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
