Nexo Card Review 2026
Reviewed: · against issuer documentation
How this rating is calculated · Algorithmic score, not user reviews
Independently reviewed by Mihail B. · how we verify
Get Nexo CardCard Overview
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 16% 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.
Sweepbase verdict: Nexo Card is worth a look mainly for its up to 2% cashback rewards and zero upfront and ongoing fees. That makes it a practical choice for active spenders looking to earn crypto rewards on everyday purchases. One thing to check: limited geographic availability.
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: 40+ cryptocurrencies from Nexo account including BTC, ETH, stablecoins
- Available Countries: Austria, Belgium, Croatia, Cyprus, Czechia, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Switzerland, Andorra
Banking & Fiat Rails
IBAN yes (Malta-based personal IBAN); SEPA yes (SEPA Instant); SWIFT not disclosed
Supported Cryptocurrencies
You can load the Nexo Card with 2 cryptocurrency tokens. 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.
Who Is the Nexo Card Best For?
The Nexo Card is a good fit for crypto holders who want a simple way to spend their coins without managing wallets by hand.
The Nexo Card pays Up to 2% in NEXO tokens or 0.5% in BTC (Credit Mode only; tiered by loyalty) cashback on eligible purchases, so it works well as a daily spending card.
The card is currently available in 28 countries: EEA + UK + Switzerland + Andorra, so it works for residents and travellers in those areas.
Best for
- Frequent spenders who want to earn Up to 2% in NEXO tokens or 0.5% in BTC (Credit Mode only; tiered by loyalty) 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 need traditional bank integration (IBAN, SEPA, direct debits)
- 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; 16% 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; €200 monthly cashback cap; Credit Mode only for rewards
- Custodial: the issuer holds your funds
- Only available in certain regions
- Requires KYC identity verification
- 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
~5 minutesGo to the Nexo website or download the app. Sign up with your email, pick a password, and accept the terms. It's free.
Complete KYC verification
1–3 business daysUpload a government-issued photo ID (passport or national ID) and take a selfie. Nexo verifies your identity under standard AML/KYC rules.
Fund your card
Usually instantOnce verified, load your card with 40+ cryptocurrencies 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
InstantYour 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
Regional Availability
Available Across the EEA
The Nexo Card covers all 27 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:
Frequently Asked Questions
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