Nexo Card review: one Mastercard, two ways to pay

The Nexo Card is unusual among crypto cards because it gives you a choice at every payment. In Debit Mode it spends your crypto, stablecoins or Nexo’s FiatX balances. In Credit Mode it borrows against your crypto, so you can pay for things without selling your coins. The card is a Mastercard issued by DiPocket UAB, and it is open to residents of the EEA, the UK and selected other European countries. Its strongest point is cost: 0.2% FX on weekdays and no card fees. Its weakest point is the fine print around cashback.

Our verdict on the Nexo Card

For Europeans who travel or shop in other currencies, the Nexo crypto card is one of the cheapest options we have reviewed. Spend €1,000 in dollars on a weekday and you pay about €2 in FX. Many rival cards charge €10 to €30 for the same purchase. The tiered ATM allowance is generous at the higher levels, and there are no monthly or inactivity fees to erode a small balance.

We knock points off for two things. First, the rewards are hard to reach: cashback is paid only in Credit Mode and only above a $5,000 balance. Second, Credit Mode is a loan secured by volatile crypto. It is useful, but it is not the same as spending your own money. We score the Nexo Card 8.0 out of 10, one of the higher scores in our reviews hub.

Nexo Card at a glance

Nexo Card Debit Mode vs Credit Mode

The two modes are the heart of the Nexo Card, so it is worth understanding them before you sign up. Debit Mode is simple. When you pay, Nexo uses your crypto, stablecoins or FiatX balances (EURx, USDx or GBPx) to cover the purchase. That works much like the spend-from-balance cards described in our debit vs prepaid guide. Nexo does not market the card as prepaid.

Credit Mode works differently. Your crypto stays put and acts as collateral for a Nexo Credit Line. Each purchase draws on that line, with interest from 1.9% and no credit check. That can be useful if you expect your coins to rise and don’t want to sell them. It also avoids a sale at the moment of payment. But you are borrowing, and the collateral can fall in value.

Which should you use? For everyday spending, we lean towards Debit Mode with a stablecoin or EURx balance. It is predictable and you never owe anything. Credit Mode makes sense for people with larger holdings who want cashback and understand how crypto-backed loans behave in a falling market.

Nexo Card FX and other fees

Nexo charges no monthly fee, no annual fee and no inactivity fee for the card. The fee that matters most is FX, and here Nexo splits by both region and day of the week. Residents of the EEA, the UK and Switzerland pay 0.2% on weekdays and 0.7% at weekends. Residents of other eligible countries pay 2% on weekdays and 2.5% at weekends. Weekend markups like this are common on crypto and fintech cards, so it is worth planning around them.

The practical lesson is easy: if you have a big foreign purchase to make, such as a hotel bill or a flight paid in dollars, do it on a weekday. On €3,000 of spending, the difference between 0.2% and 0.7% is €15. That is small, but it is also free money. Our travel crypto card guide covers holds and deposits abroad, and our fee guide lets you compare total costs.

To put the numbers together, picture a week-long trip to the US for a Base-tier user from Spain. Say you spend €1,200 by card, half of it on a weekend, and take out €300 in cash. The FX costs about €1.20 on the weekday half and €4.20 on the weekend half. The ATM allowance covers €200, and the extra €100 costs 2%, which is €2. The total comes to roughly €7.40 in Nexo fees for the week, plus whatever the ATM owner charges. On a card with 2% FX, the card spending alone would cost €24, before any cash fees.

That gap is why we rate Nexo so highly on fees. It also explains the main catch for people outside the EEA, the UK and Switzerland. At 2% on weekdays and 2.5% at weekends, those residents lose most of the advantage, and other cards may suit them better.

Nexo Card ATM tiers

Free ATM withdrawals depend on your Nexo loyalty tier. Base users get €200 a month, Silver €400, Gold €1,000 and Platinum €2,000. UK users get the sterling equivalents. Once you pass the allowance, Nexo charges 2% per withdrawal with a minimum of €1.99 or £1.99. The ATM owner may add its own fee on top, which is outside Nexo’s control.

Here is how that plays out. A Base user who takes out €500 in a month pays 2% on the €300 above the allowance, which is €6. A Base user who takes out just €50 over the limit pays the €1.99 minimum, not €1. So small withdrawals above the allowance are relatively expensive. For more on how card cash fees stack up, see our ATM withdrawal guide.

Cashback conditions

The Nexo Card advertises up to 2% cashback, and it is easy to read that as a standard perk. It isn’t. Cashback is paid only on Credit Mode purchases, and only if your Nexo balance is above $5,000. The rate then depends on your loyalty tier and on whether you take rewards in NEXO tokens or Bitcoin.

The NEXO token rates are three to five times higher than the Bitcoin rates, which nudges you towards holding Nexo’s own token. Token rewards can lose value, and in many countries they may also be taxable income when received. Nexo also offers up to 13% interest on idle funds through its loyalty programme, but that is a separate earning product, not a card benefit. Our cashback cards guide compares rewards that come with fewer strings.

Who can get the Nexo Card and who issues it

Nexo says the card is available to citizens and residents of selected European countries, including the EEA and the UK. You need an ID document from the EEA, the UK or another eligible European country. Nexo has announced a return to the US in 2026, but we could not confirm that the card is offered there, so treat US availability as unverified.

The card is issued by DiPocket UAB on the Mastercard network. That gives the Nexo Card a named, EU-based issuer, which is more than some global crypto cards disclose. Like other EU crypto cards, it involves two parties: Nexo, which holds your crypto, and the issuer, which runs the card account. For country-level context, see our guides to crypto cards in Europe, Germany and the UK.

Custody and risk

The Nexo Card is custodial. Your crypto sits with Nexo, not in your own wallet, so you rely on Nexo as a company. That is the same trade-off you make with any exchange card. If you want to keep your own keys, a self-custody card is the alternative.

Credit Mode adds a second risk. Because your purchases are backed by crypto collateral, a sharp market fall can push your loan-to-value up. Nexo’s Credit Line terms set out what happens then. Read them before you rely on Credit Mode for anything large. Our crypto card safety guide explains custodial risk in more detail.

How to get the Nexo Card

1. 01
   Open and verify a Nexo account

   Sign up and complete identity checks with an eligible European ID.

2. 02
   Hold at least $50

   A balance of $50 or more gets you the free virtual card.

3. 03
   Add it to your phone

   The card works with Apple Pay and Google Pay.

4. 04
   Pick a mode

   Choose Debit Mode to spend your balance or Credit Mode to borrow against it.

5. 05
   Upgrade for a physical card

   A physical card with free shipping needs Gold tier and a balance above $5,000.

Nexo Card pros and cons

Nexo Card alternatives

If you want rewards that don’t hinge on a $5,000 balance, or simply a different structure, consider these. The Crypto.com Card is a true prepaid Visa whose rewards come with paid or staked tiers. The OKX Card has a 0.1% spread for stablecoin spenders, and Bleap charges no FX at all from a self-custody wallet.

For frequent travellers with modest balances, Nexo is still our first pick in Europe because of its weekday FX. For people who want rewards from day one, Crypto.com or Bleap may suit better. Check the Mastercard crypto card overview for how these programmes compare by network.

Frequently asked questions

Sources and official pages

1. Nexo — Nexo Card product page and fee terms
2. Nexo — official site
3. ESMA — MiCA transitional periods by member state
4. HMRC Cryptoassets Manual — CRYPTO22100 (paying with tokens)
5. Mastercard — official site

Ready when you are

Load your card with crypto you own

Buy Bitcoin, Ether or stablecoins with a bank card, Apple Pay or bank transfer, then move them to the card or wallet you choose.

Open account

Check availability in your country before signing up.Visitors from the EEA currently see a MiCA service notice on the exchange linked here, and some account functions may be restricted. A MiCA-authorised provider may be the better route.

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