Quick Overview

The Nexo Card is a Mastercard-linked crypto spending card that lets you pay for purchases by drawing from your crypto balance or borrowing against it as collateral, with debit mode earning up to 13% annual interest on your remaining balance and credit mode starting at 1.9% annual interest with up to 2% cashback.

About Nexo Card

What is Nexo Card?

Nexo Card is a physical and virtual payment card issued by Nexo, a digital asset platform that has been operating since 2018. The card lets you spend your crypto holdings at any merchant that accepts Mastercard, without converting your assets to cash beforehand or closing your positions. It comes with two modes: debit and credit. You can switch between them at any time, directly from the Nexo app.

In debit mode, your purchases draw from your crypto balance while that balance continues to earn up to 13% annual interest. In credit mode, your crypto stays put and works as collateral instead. Your spending gets tied to your Nexo Credit Line, which starts at 1.9% annual interest, and you get up to 2% cashback on purchases. The idea is that you keep your assets working while you spend, rather than selling them to cover everyday expenses.

Nexo has over $8 billion in assets under management and operates across 199 or more jurisdictions, so the card is available to a broad user base, though availability varies by region. It sits inside a broader platform that includes savings accounts, an exchange, crypto-backed loans, and futures trading.

Who uses it?

The Nexo Card suits people who hold crypto long-term and want to spend without selling. If you believe your Bitcoin or Ethereum will be worth more in a year, selling it to pay for groceries feels like a bad trade. The card gives you a way around that. You spend against your holdings rather than liquidating them, and depending on the mode you choose, you either keep earning interest on your balance or borrow against it at a low rate.

It also works well for people who are already using the Nexo platform for savings or a credit line. If you have a Flexible Savings account with Nexo and want a card connected to that same balance, the debit mode is a natural fit. Your balance keeps compounding daily while the card stays ready for purchases.

Credit mode appeals to a different type of user: someone comfortable using their crypto as collateral for short-term spending rather than dipping into the principal. For that person, 1.9% annual interest on a credit line is meaningfully cheaper than a typical credit card rate, and the 2% cashback adds a small return on top. Nexo also has a private clients tier for accounts above $100,000, and users at that level likely find the card a useful part of managing liquidity without disrupting their larger positions.

How it works

You apply for the Nexo Card through the Nexo app after verifying your account. Once approved, you get a virtual card immediately and a physical card by mail. Both work wherever Mastercard is accepted.

Before you spend, you choose your mode. In debit mode, you set the priority order for which assets to spend first using a drag-and-drop interface in the app. When you make a purchase, Nexo converts the required amount from your chosen asset at the current rate and processes the payment. Your remaining balance continues earning daily interest the whole time. In credit mode, there is no conversion. Your crypto stays in your account as collateral, and your spending draws from your pre-approved Credit Line. Nexo calculates how much you can borrow based on the value of your collateral and the loan-to-value ratio for each asset, which ranges from 15% for the NEXO token to 50% for Bitcoin and Ethereum.

Cashback in credit mode comes in the form of NEXO tokens or Bitcoin, depending on your preference and loyalty tier. Nexo runs a tiered loyalty program based on what proportion of your portfolio you hold in NEXO tokens. Higher tiers unlock better savings rates, lower borrowing rates, and higher cashback percentages. The top tier offers the full 2% cashback on card spending.

The card connects directly to the same balance you use for everything else on the platform. There is no separate wallet to manage. If your collateral value drops due to a market move, Nexo sends warnings before any automatic actions take effect, but it is worth monitoring your loan-to-value ratio if you use credit mode regularly during volatile periods.

Key Features

Flexible and Fixed Savings

Users earn daily compound interest on digital assets through Flexible Savings with no lock-ups, or lock funds for up to 12 months with Fixed-term Savings for higher rates. Annual returns go up to 15%.

Crypto-Backed Credit Line

Users borrow funds against their crypto holdings without selling them. Rates start from 1.9% annually, with loan-to-value ratios varying by asset, such as 50% for Bitcoin and Ethereum.

Zero-Interest Credit

Nexo offers a borrowing option with zero interest and zero fees, giving users access to liquidity without the cost typical of standard credit lines.

Dual Investment

Users set target buy or sell prices and earn yield while waiting for those conditions to be met. The product works for both short and mid-term strategies.

Exchange with 100+ Assets

The built-in exchange supports swaps across more than 100 digital assets including BTC, ETH, and SOL. Users can set Recurring Buy orders to automate trades at a chosen price.

Futures Trading

Nexo offers perpetual futures contracts with up to 100x leverage, letting users take positions on both upward and downward price movements.

Nexo Card

The card has two modes. Debit Mode lets users spend from their balance while earning up to 13% annual interest. Credit Mode uses crypto as collateral and gives up to 2% cashback on purchases.

Loyalty Program

Accounts with a balance above $5,000 qualify for the Loyalty Program, which offers higher savings rates, lower borrowing rates, and crypto cashback based on tier level.

Private Clients

Individual clients and family offices with at least $100,000 in digital assets get a dedicated relationship manager, tailored onboarding, high-limit OTC trading, and bespoke credit options.

Business and Institutional Solutions

Nexo provides corporate accounts, prime brokerage for institutions, a white-label option for businesses to use Nexo's infrastructure under their own brand, a payment gateway for crypto payments, and a venture funding arm.

Multiple Funding Methods

Users fund accounts via personal USD, EUR, and GBP bank accounts, crypto transfers across 20+ blockchain networks, Visa, Mastercard, Apple Pay, Google Pay, or regional payment methods.

Security and Compliance

Nexo uses 256-bit encryption, maintains regulatory compliance across 199+ jurisdictions, and has managed over $8 billion in assets since launching in 2018.

Pros & Cons

Cons

Geo-restricted card accessThe Nexo Card is not available in all countries, so a significant portion of users on the platform cannot actually use it regardless of their account status.
Cashback paid in NEXO tokenCashback rewards are distributed in the native NEXO token rather than the asset you spend, which exposes you to the price volatility of a token you may not want to hold.
Loyalty tier affects card benefitsThe best cashback rates require you to hold a specific ratio of NEXO tokens relative to your total portfolio, which ties card value to token allocation decisions you might not otherwise make.
Credit line tied to collateral ratioSpending via the credit line feature requires keeping crypto locked as collateral, and a drop in asset prices can trigger a margin call that forces you to top up or face liquidation.

Frequently Asked Questions

Nexo is a digital asset platform that has operated since 2018. It lets users buy, earn interest on, borrow against, exchange, and spend over 100 cryptocurrencies. It is available to individuals, businesses, and institutions across 199+ jurisdictions.

Sign up on the Nexo website or app, confirm your email address, and complete an identity verification check. Once verified, your account is ready to use.

Nexo has three savings products. Flexible Savings pays daily compound interest with no lock-up period, so funds stay accessible. Fixed-term Savings pays higher rates for a set period of up to 12 months. Dual Investment is a short or mid-term strategy where you earn yield while waiting for a target buy or sell price to be reached.

Nexo states you can earn up to 15% annually on digital assets. The exact rate depends on the asset, your loyalty tier, and your region. Rates are subject to change, so check the Nexo app for your current applicable rate.

Yes. You need an account balance above $5,000 worth of digital assets to start earning interest. In some jurisdictions you also need to opt in for the service through your Nexo account.

The Credit Line lets you borrow funds using your crypto as collateral without selling it. Interest starts from 1.9% annually. You can receive funds in your bank account or as stablecoins in your Nexo account. Loan-to-value ratios vary by asset: Bitcoin and Ethereum are at 50% LTV, Solana and XRP at 30% LTV, and NEXO Token at 15% LTV.

Zero-interest Credit is a borrowing option that charges no interest and no fees. The page links to a dedicated section but does not specify all eligibility conditions, so check the Nexo platform or Help Center for full details.

Dual Investment is a strategy where you earn yield while waiting for a target price condition to be met. You set a buy or sell target, and Nexo pays you a return during the waiting period regardless of whether the target is reached.

The Nexo Exchange lets you swap over 100 digital assets. You can set Recurring Buy orders to execute trades automatically at a desired price. Cashback is available on each trade.

Yes. Nexo offers perpetual Futures contracts with up to 100x leverage, which lets you take positions on price moves in either direction.

The Nexo Card is a card that works in both Debit Mode and Credit Mode. In Debit Mode, your balance earns up to 13% annual interest and is available to spend anytime. In Credit Mode, your crypto works as collateral and you get up to 2% cashback on purchases, with expenses tied to your Credit Line starting at 1.9% annual interest.

The Loyalty Program is available to accounts with a balance above $5,000. Members get higher savings rates, lower borrowing rates, crypto cashback on purchases, and other benefits. The tier you reach affects which specific rates and perks apply.

Private Clients is a service for individual clients and family offices with at least $100,000 in digital assets on the platform. It includes tailored onboarding, a dedicated relationship manager, high-limit OTC trading, and bespoke credit options.

Nexo offers Corporate Accounts for businesses and family offices, Prime Brokerage for institutional investors, a White Label option to customize Nexo's technology for your own business, Nexo Ventures for startup funding, and a Payment Gateway that lets businesses accept crypto payments from clients.

Nexo supports over 100 digital assets including Bitcoin, Ethereum, Solana, XRP, USDC, Tether, Polkadot, Litecoin, Tron, Toncoin, and the NEXO Token. A full list is available on the Nexo website.

You can fund your account by bank transfer in USD, EUR, or GBP using personal accounts on the Nexo platform, by transferring crypto from an external wallet or platform across 20+ blockchain networks, or by making instant card payments via Visa, Mastercard, Apple Pay, Google Pay, or regional payment methods.

Nexo operates in 199+ jurisdictions. Some services, features, or assets are restricted in certain regions. Check the Nexo platform or the relevant terms and conditions to see what is available where you are located.

Tiers are based on your account balance and the proportion of NEXO Tokens you hold relative to your total portfolio. Higher tiers unlock better interest rates, lower borrowing rates, and additional perks. New users can access Platinum tier for 30 days upon arrival through a welcome offer.

Yes. The Nexo app is available on iOS through the Apple App Store and on Android through Google Play. A direct download option is also available on the Nexo website.

Nexo uses 256-bit encryption and has a dedicated security section on its website covering custody and compliance practices. The platform also has a Vulnerability Disclosure program. For full details on custody arrangements and technical safeguards, visit nexo.com/security.

Yes. Nexo has a dedicated Tax Reporting feature listed under its personal products. The page does not detail every format or jurisdiction supported, so visit the Tax Reporting section of the platform for specifics.

Yes. Nexo has both a Referral Program and an Affiliate Program. Details on rewards and eligibility are available on the respective program pages on the Nexo website.

Nexo provides 24/7 client care. You can reach support through the Help Center at support.nexo.com or via the contact page. The Help Center also contains hundreds of articles covering Nexo's products and common questions.

Nexo has received recognition from INATBA, Fintech Breakthrough Awards, Forbes, the Stevie Awards, the Globee Awards, and the Digital Banker Awards for customer experience. Award dates range from 2021 through 2025.

Nexo has been operating since 2018, manages over $8 billion in assets as of Q4 2025, and has processed over $403 billion in transactions.

Details

Category Ethereum

Platforms Android, iOS