Nexo Card

#1 (out of 54) in Crypto Cards
#1 (out of 38) in Crypto Cards for Europe
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Overall Rating
Brand Authority
Fees and Limits Structure
Customer Service
  • Enjoy up to €20,000 in FREE foreign transactions, based on loyalty tier
  • Generous ATM withdrawals up to €10,000 monthly
  • Your crypto acts as collateral only, you do not actually sell it
  • Amazing card overall
  • No cons, except credit card interest if unpaid within a month
Visa or MC
Debit or Credit

Credit Card, Debit Card

Denominated In€ EUR
Apple PayEnabled
Monthly Fee

0.00 EUR

Monthly Inactivity Fee

0.00 EUR

Interest Rate

0% – 13.9% APR

Crypto to EUR Crypto->EUR Conversion Cost


Highest Cashback

up to 2%

Entry-Level Cashback


Entry-Level Cashback Monthly Cap

50 EUR

Daily Spending Limit

10,000 EUR

Daily ATM Withdrawal Limit

2,000 EUR

Foreign Exchange Fee


Crypto to Fiat Conversion

Auto on Every Purchase, Manual when Repaying

Crypto Asset Management

Custodial (stores crypto keys on your behalf)

Supported CountriesShow All (25)
Your Nexo Card: Enjoy unique debit/credit switch mode with low crypto to fiat conversion cost

Your Nexo Card: Enjoy unique debit/credit switch mode with low crypto to fiat conversion cost

Nexo Card Benefits and Rewards

Nexo offers up to 2% cashback for card transactions. The higher your Loyalty level, the higher the cashback you will receive. Loyalty level is based on what % of your crypto holdings on the Nexo platform consist of NEXO Tokens. See the table below for details.





Required Nexo Holdings 0% – 1% of Your Crypto Portfolio 1% – 5% of Your Crypto Portfolio 5% – 10% of Your Crypto Portfolio Above 10% of Your Crypto Portfolio
Cashback in NEXO Tokens 0.5% 0.7% 1% 2%
Cashback in Bitcoin 0.1% 0.2% 0.3% 0.5%
Monthly Rewards Limit €50 €100 €150 €200

The rewards are paid out in NEXO coin or BTC (Bitcoin), depending on your preference. You can switch between the two as often as you like.

Reality Check While Nexo Card promotes up to 2% cashback, if you're an entry-level user with 1,000 EUR in assets, you'll qualify for 0.5% cashback, capped at 50 EUR per month.

Are other cards more generous at base tier? No, they are not. In fact, Nexo Card offers more value for the entry-level user, than most competitors:

Nexo CardIndustry Average1
Entry Level Cashback0.5%1%
Entry Level Cashback Monthly Cap50 EUR15 EUR

Nexo Card is a Debit Card and a Credit Card

  • Debit Card
  • Credit Card
  • Prepaid Card
  • MT88 8888 8888 8888 8888
  • Malta flag IBAN Bank Account
  • in your name

Very Cool:Nexo Card is a unique dual-mode card, which you can switch to be either a debit card or a credit card. When in the debit mode, Nexo Card is connected to your chosen crypto coin balance on Nexo platform. When in the credit mode, your crypto will be used as collateral, so you don't have to convert your crypto in advance, nor when spending with the card.

Alongside, Nexo offers you a personal bank account. You'll receive a Malta-based IBAN bank account number issued in your name.

Not so Great:Third party senders cannot deposit funds into your Nexo bank account - you can only receive deposits from accounts in your name. This means you will not be able to receive your fiat withdrawals from exchanges or receive salary payments.

It Comes in Both Physical and Virtual Forms

You can get Nexo Card in both physical and virtual versions, a feature only available with 40% of crypto cards. They'll mail you the physical card, and you can instantly get the virtual card online after completing KYC Identity Verification.

Wondering about the perks of each card type? Here are some highlights:

Physical Card
Virtual Card
ATM WithdrawalsSecond Card Number
Required for Car Rentals, HotelsInstant Availability
Useful When Phone Dies, or no WifiFreeze for Safety
Backup Payment MethodSet Lower Spend Limits
Cost to Order:
0 EUR (available when you have $500 in assets)
Cost to Order:
0 EUR (available when you have $50 in assets)

You will find the physical Nexo Card useful for in-person purchases, while the virtual card will be perfect for online transactions like subscriptions.

Crypto-to-EUR Conversion Cost with Nexo Card

in Credit Mode: Doesn't Require Crypto Conversion to EUR

With Nexo Card in Credit Mode, you will not need to convert your crypto in advance, nor when spending using the card. When you set it to credit mode, your crypto will be used as collateral only. The time you will likely convert your crypto to real-life currency is when you'll be paying off the card at the end of the month.

in Debit Mode: Converts Your Crypto on Demand

Nexo Card offers instant conversion to EUR at the time of purchase, when in Debit mode. This allows you to hold your crypto and exchange to real-life currency only when you need to. No need to pre-convert your cryptocurrencies or preload the card.

Crypto to Fiat Conversion Fee0%
Sell Spread~0.75%
Transaction Fee
Total Crypto to EUR Cost~0.75%

Low Cost:Compared to the average ~1.7% crypto-to-fiat cost of other cards, converting crypto with Nexo Card is much more cost-effective (~0.75%). This means that you will get more EUR for your crypto when using this card.

From all crypto cards we reviewed for Europe, WhiteBIT Card, Holyheld Card and Trade Republic Card offer the cheapest crypto-to-fiat conversions (~0.28%, ~0.5% and ~0.7% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.

How Does Nexo Card Compare to Other Crypto Cards?

Nexo Card ranks #1 out of 54 amongst all the crypto cards we have reviewed so far. This makes it the absolute winner in its category.

We compared Nexo Card with 37 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.

Strongest Features Against Competitors

Here are the strongest features of Nexo Card against its 37 competitors:

  • Offers up to 50 EUR per month in cashback for entry-level users (exceeding the competitors' 15 EUR average).
  • Has a Foreign Exchange Fee of 0.5% (other cards have 1.5% average).
  • Provides a substantial ATM widthdrawal allowance of 2,000 EUR per day (average amongst other cards is only 500 EUR).
  • Supports 83 cryptocurrencies (while other cards support an average of 15).
  • Solid company with a 8.5/10 brand authority score (the average for all competing cards is 6/10).
  • Their customer service is very good with a 8.6/10 score (others score only 7.5/10 on average).
  • You can get both a physical card and a second virtual card (while 60% of competing crypto cards offer only one type - either physical or just virtual).
  • Offers free ATM withdrawals for up to 2,000 EUR per month (which is very generous comparing to the average of 200 EUR free withdrawal limit offered by other cards).
  • Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~0.75% (versus an average of ~1.8% with other cards.)
  • Their overall fees & limits structure is incredibly generous, with a score of 9/10 (average fees & limits structure rating amongst other cards is 5.7/10).

Weakest Features Against Competitors

Compared to its 37 competitors, here are the shortcomings of Nexo Card:

  • Offers up to 2% cashback (while other cards give an average of 4%).
  • Daily spend is capped at 10,000 EUR (while other cards offer 27,000 EUR daily spend limit on average).
  • Nexo Card vs. Ledger CL Card vs. Revolut Card

    Nexo Card
    Ledger CL Card
    Revolut Card
    Monthly Fee 0.00 EUR 0.00 EUR 0.00 EUR
    Crypto to Fiat Cost ~0.75% ~2.25% ~2.99%
    Highest Cashback up to 2% up to 2% up to 1%
    Entry-Level Cashback 0.5% 2% 0%
    Daily Spending Limit 10,000 EUR 15,000 EUR Unlimited
    Daily ATM Limit 2,000 EUR 2,000 EUR 3,000 EUR
    Foreign Exchange Fee 0.5% 1.5% 1%
    Asset Management Custodial Custodial Custodial
    Availability for United States flagUnited States
    Supported Cryptocurrencies 83 7 120
    Apple Pay Enabled Enabled Enabled
    Customer Service Great Great Great
    Brand Authority Well-Known Well-Known Well-Known

    If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Revolut Card offers an unparalleled Unlimited daily spending limit. You will get lower daily limits with Nexo Card and Ledger CL Card.

    Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Both Nexo Card and Ledger CL Card offer solid cashback rewards of up to 2%. The cashback rewards for Revolut Card are not as high.

    To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.

Nexo Card ATM Fees: The Real Cost of Cashing Out

Local ATM Withdrawals in EUR

Here's a breakdown of the fees you'll face when making local ATM withdrawals with your Nexo Card:

You're at a local ATM and have:
0.064 ETH (200 EUR)
-1.5 EUR
Nexo Crypto-to-Fiat Conversion Cost: ~0.75%
-1.99 EUR
Nexo ATM Withdrawal Fee: 1.99 EUR
-3 EUR
ATM Operator Fee: ~3 EUR
193.51 EUR

Starting with an initial amount of 200 EUR in ETH, the ATM withdrawal with Nexo Card will cost you a total of ~6.49 EUR (3.2% of 200 EUR), resulting in a final cash withdrawal of 193.51 EUR in hand.

Doesn't Nexo Card Offer Free ATM Withdrawals?

Yes, Nexo offers free ATM withdrawals for up to 2000 EUR per month (which is substantially higher comparing to the average of 200 EUR free withdrawal limit offered by other cards).

When they say 'free', they are only referring to their ATM Withdrawal Fee, which will be waived for the first 2000 EUR withdrawn per month. In our example, if you withdraw 200 EUR, this waiver saves you 1.99 EUR, reducing your local ATM withdrawal cost to around 4.5 EUR, compared to the standard cost of approximately 6.49 EUR.

International non-EUR ATM Withdrawals

Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your Nexo Card, here's what it will look like:

You're at an international ATM and have:
0.064 ETH (200 EUR)
-1.5 EUR
Nexo Crypto-to-Fiat Conversion Cost: ~0.75%
-1.99 EUR
Nexo Intl ATM Withdrawal Fee: 1.99 EUR
-0.99 EUR
Nexo Foreign Exchange Fee: 0.5%
-1.99 EUR
Mastercard Foreign Exchange Fee: 1%
-3 EUR
ATM Operator Fee: ~3 EUR
-3.97 EUR
ATM Operator Foreign Exchange Fee: ~2%
Foreign Currency (worth 186.56 EUR)

For an international withdrawal using your Nexo Card with an initial 200 EUR in ETH, you'll incur fees totaling ~13.44 EUR (6.7% of 200 EUR), leaving you with 186.56 EUR in the equivalent foreign currency.

Reality CheckCompared to other crypto cards, Nexo Card is more cost-effective for both local and international ATM withdrawals:

Cost with Nexo CardCost with Other Cards
Local ATM Withdrawals~6.4 EUR (3.2% of 200 EUR)~9 EUR (4.5% of 200 EUR)
International ATM Withdrawals~13.4 EUR (6.7% of 200 EUR)~18.2 EUR (9.1% of 200 EUR)

From all crypto cards that we reviewed, Trade Republic Card, Holyheld Card and Bit2Me Card offer the cheapest local ATM withdrawals (2.2%, 2.5% and 2.7% of 200 EUR respectively), while OWNR Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 9% of 200 EUR.

We Tested Nexo's Customer Support

We asked Nexo's customer support different questions, and then rated their responses to evaluate how good their support is.

Why should you Care:When you'll have a money-related question, like a missing deposit or being overcharged - having good support at that moment will be crucial for you.

Nexo offers support via the following channels:

Web Form

Location: Nexo customer service reps are located in Bulgaria flagBulgaria.¹

Support Channel Our Interaction Score
(replied in
1 d 23 h )
Answered the question about dispute process clearly, explained the steps required.
High Competence
Not Personalized
Flawless English, Professional Tone
Web Form
(replied in
3 d 11 h )
Reassuring reply to a question about card security. Good answer, but a late one.
Late Reply
High Competence
Not Personalized
Flawless English, Professional Tone
Web Form
(replied in
4 d 14 h )
Late reply to a question about Apple Pay SMS verification code not arriving. Responded in detail, with the next steps to take.
Late Reply
High Competence
Highly Personalized
Flawless English, Professional Tone
(replied in
1 min)
Super quick responses, concise and to the point.
High Competence
Not Personalized
Flawless English, Professional Tone
(replied in
6 h 32 min)
A fantastic response - detailed, knowledgeable, informative. Question was about Foreign Exchange fees for a specific transaction.
High Competence
Highly Personalized
Flawless English, Professional Tone

To summarize,

Competence and Problem-Solving: Nexo's customer service agents are highly competent, so you can expect every issue to be resolved with professional expertise and a thorough understanding.

Customer Love: Their responses will be personalized when they need to look up specific information from your account, although they may not always address you by name.

Reply Speed: Response times are inconsistent, ranging from as quick as 1 minute to as slow as 5 days.

Overall Customer Service Rating: 8.6/10

This excellent score places Nexo's Customer Service well above the crypto card industry average of 7/10.

Nexo Referral Code - to Get 25 EUR Bonus

You can use referral code 2kptcxiixy to get 25 EUR bonus when you create an account on Nexo platform.

Here's how you can enter the referral code:

Nexo referral code

..or, just click here.

Your bonus will be paid out to you in BTC (Bitcoin1), right after you top up your account with the first 100$.

p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗

Is Nexo Card Available for Residents of United States?

No, Nexo Card is not available for residents of United States.

Nexo Card supports the following countries: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

To see our list of available crypto cards for United States, see this list. There are currently 9 cards listed there.

You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.

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Paulina Masson

Paulina Masson

Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.

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