Nexo Card Review 2026

Name: Nexo Card
Brand: Mastercard
Availability: InStock

Last reviewed August 2026 · Fact-checked August 8, 2026 against issuer documentation

4.5 / 5.0Sweepbase rating

How this rating is calculated · Algorithmic score, not user reviews

Affiliate partner · Editor’s PickWe may earn a commission if you sign up through our link. This has zero effect on the card’s rating. How this works · Disclosure

Independently reviewed by Mihail B. · how we verify

CustodyCustodial

NetworkMastercard Credit/Debit

Cashback0.5-2% in NEXO Tokens or 0.1-0.5% in BTC by loyalty tier (Base 0.5%/0.1%, Silver 0.7%/0.2%, Gold 1%/0.3%, Platinum 2%/0.5%); requires Credit Mode (not Debit Mode) + $5,000+ portfolio minimum; monthly caps $50/$100/$150/$200 by tier (resets 1st of each month); UK users excluded from cashback.

RegionsEEA and the United Kingdom, plus Argentina since 8 July 2026. Nexo publishes no country list and no count - its own wording is selected European countries, including the EEA and the United Kingdom. Virtual card only: Nexo states on two help pages that ordering physical cards is temporarily unavailable

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Card Overview

Live crypto Mastercard in 2026, but read the status line first: physical card ordering has been paused since January 2025, so today you can only activate the virtual version, which needs as little as $50 in your Nexo account. It is custodial. Funds sit in your Nexo balance, and the card either spends them directly (Debit Mode) or borrows against your crypto collateral (Credit Mode), toggled with one tap on the same Mastercard. That toggle is the real selling point. No monthly, annual, or inactivity fees, and both virtual activation and physical shipping cost nothing. FX runs 0.2% weekday and 0.7% weekend inside the EEA/UK/CH, then jumps to 2% weekday and 2.5% weekend everywhere else, with monthly free-FX allowances at higher Loyalty tiers. Cashback is where the catch bites. You need a $5,000 portfolio just to join the Loyalty Program, rewards accrue only on Credit Mode spend, and the headline 2% demands Platinum tier: 10% of your portfolio held in Nexo's own NEXO token. Base tier pays 0.5% NEXO / 0.1% BTC. UK holders earn no cashback at all under FCA rules, and the card is EEA plus UK only, never the US.

Best fit: existing Nexo borrowers in the EEA with $5,000-plus who want to spend against collateral without selling. Wrong card if you are in the US, in the UK chasing cashback, under $5k, or need a physical card in hand today.

Nexo Card delivers unprecedented flexibility as the world's first crypto-backed card with dual Credit and Debit modes that you can switch between instantly. In Credit Mode, borrow against your crypto collateral earning up to 2% cashback in NEXO tokens or 0.5% in Bitcoin based on your loyalty tier, while your assets continue earning up to ~13% APY. Perfect for European crypto holders who want spending power without selling, Nexo Card combines automated repayments, instant switching between 40+ cryptocurrencies, and Mastercard's global acceptance, making your digital wealth work harder while you spend smarter.

Editor’s note by Mihail B. · Founder & Editor

Reviewed August 2026 Verified against issuer docs

Nexo remains the only card I'd hand to someone who genuinely doesn't want to sell crypto. The Credit Mode borrows against your collateral instead of liquidating it, which is the whole point. The trade-off is that cashback maxes at 2% in NEXO tokens at the Platinum tier, and the payout cap actually scales down by tier too, $200 a month at Platinum but as low as $50 at Base. I watched UK cashback disappear in late 2023 with no warning, so treat the rewards as a bonus rather than a reason to apply. Re-checked 2026-08-05 and three things in this row were wrong. The 28 countries figure is not Nexo's - it publishes no count and no list, and 28 cannot even be reconciled with its own gloss, since the EEA alone is 30 states. Switzerland and Andorra came from February 2025 press, never from a Nexo page, and the card provider's General Terms in force today require an EEA or UK citizen or resident. And we missed a live market: Argentina launched 8 July 2026 on Nexo's own dateline, as a separate ARS/USD programme. One obtainability nuance that matters more than the country list: a new customer can only get the virtual card, because Nexo has had physical card ordering paused since January 2025 - nineteen months of temporarily - while the marketing page still explains how to order one. Good product, narrow audience, and worth it if you already run the Nexo loan workflow.

This is a Mastercard crypto card. It offers cashback rewards. Available in Europe. Available in the UK.

Fees & Limits

Issuance Fee	Free
Annual Fee	Free
FX Fee	0.2% EEA/UK/CH; 2% elsewhere; +0.5% weekends. Free FX allowances by loyalty tier (€3K-20K/mo)
ATM Limit	€200-€2000/month free (by tier), 2% after; €600/transaction
Spending Limit	Based on credit line or account balance

These figures can change. Confirm the current fees, FX and network in Nexo’s official terms before you apply.

Features

Card Type: Virtual + Physical
Top up with: 100+ digital assets from Nexo account including BTC, ETH, stablecoins
Available Countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Argentina

Who issues the Nexo Card

The Nexo Card is issued by DiPocket UAB, Lithuania (EMI No. 75). The issuer is named verbatim in the card documentation.

Primary source · All cards issued by DiPocket UAB · Why the issuer matters

Supported Cryptocurrencies

You can load the Nexo Card with crypto; the 2 assets we track for it are listed below. When you pay, the card converts crypto to local fiat automatically.

Networks & deposit details: 20+ networks via Nexo Multichain Bridge: Ethereum, Arbitrum, Avalanche, Base, Polygon, Solana, Tron, BTC, etc.

BTCBitcoinETHEthereum

Who Is the Nexo Card Best For?

The Nexo Card is a good fit for holders who want their balance to keep earning while it sits on the card.

The Nexo Card pays 2% cashback on eligible purchases, so it works well as a daily spending card.

The card is currently available in EEA and the United Kingdom, plus Argentina since 8 July 2026. Nexo publishes no country list and no count - its own wording is selected European countries, including the EEA and the United Kingdom. Virtual card only: Nexo states on two help pages that ordering physical cards is temporarily unavailable, so it works for residents and travellers in those areas.

Best for

Frequent spenders who want to earn 2% cashback
People who want a straightforward, app-managed crypto card
European users within EEA countries
Budget-minded users (no issuance or annual fee)

Avoid if

You need full non-custodial control of your funds
You're a US resident (this card doesn't support US users)
You want a card backed by government deposit insurance (FDIC / FSCS)

Compare the Nexo Card side-by-side with alternatives using the full card listing or explore our Mastercard crypto cards category.

Pros & Cons

Pros

Dual Credit/Debit modes; up to 2% cashback; borrow against crypto without selling; ~13% APY on deposits
No card issuance fee
No annual maintenance fee
Works wherever Mastercard is accepted worldwide
Covers the European Economic Area (EEA)
Virtual card ready right away, no shipping wait

Cons

EEA only; UK users lost cashback in Oct 2023; monthly cashback caps as low as $50 at Base tier ($200 max at Platinum); Credit Mode only for rewards; $5,000 minimum portfolio to qualify
Custodial: the issuer holds your funds
Only available in certain regions
Full KYC required, no anonymous tier

How to Get the Nexo Card

Here is what the sign-up process looks like, from application to first purchase.

Create a Nexo account

A few minutes

Go to the Nexo website or download the app. Sign up with your email, pick a password, and accept the terms.

Complete identity verification

Varies by issuer

Nexo runs standard KYC: a government-issued photo ID and usually a selfie. Processing time varies by issuer and load.

Fund your card

Usually instant

Load your card with 100+ digital assets from Nexo account including BTC, ETH, stablecoins through the funding screen. When you make a purchase, your crypto converts to local fiat at the current rate.

Start spending immediately

Instant

Your virtual Nexo Card shows up in the Nexo app right away. Use it online or add it to Apple Pay / Google Pay for tap-to-pay in stores.

Requirements

Minimum age18+ (issuer terms apply)

KYC requirementYes

ResidencyEEA and the United Kingdom, plus Argentina since 8 July 2026. Nexo publishes no country list and no count - its own wording is selected European countries, including the EEA and the United Kingdom. Virtual card only: Nexo states on two help pages that ordering physical cards is temporarily unavailable

Minimum depositVaries by issuer, typically no minimum

Regional Availability

Available Across the EEA

The Nexo Card covers the EU member states plus Iceland, Liechtenstein, and Norway. If you're in the UK, check with the issuer about post-Brexit availability.

Key supported countries:

AustriaBelgiumBulgariaCroatiaCyprusCzechiaDenmarkEstoniaFinlandFrance

Common questions about the Nexo Card

What are the fees for the Nexo Card?

Issuance fee: Free. Annual fee: Free. FX fee: 0.2% EEA/UK/CH; 2% elsewhere; +0.5% weekends. Free FX allowances by loyalty tier (€3K-20K/mo). ATM limit: €200-€2000/month free (by tier), 2% after; €600/transaction. Spending limit: Based on credit line or account balance. Always confirm current rates on the Nexo website before applying.

How does the Nexo Card cashback work?

Nexo Card pays 2% on eligible purchases. Tier requirements and earning caps apply; check the Nexo rewards page for the specifics.

Where is the Nexo Card available?

Nexo Card is available in: EEA and the United Kingdom, plus Argentina since 8 July 2026. Nexo publishes no country list and no count - its own wording is selected European countries, including the EEA and the United Kingdom. Virtual card only: Nexo states on two help pages that ordering physical cards is temporarily unavailable, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France and 22 more countries. Coverage can change as Nexo gains or loses licences, so check their site for the latest.

What cryptocurrencies does the Nexo Card support?

You can fund the Nexo Card with: 100+ digital assets from Nexo account including BTC, ETH, stablecoins. The card converts to local fiat at the point of sale. The supported asset list can change, so verify in the Nexo app before topping up.

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