About the product
Nexo Card overview
Nexo Card is the crypto card of the Nexo lending platform. Unlike the products above it is a credit rather than a payment card, running on an instant credit line: you keep crypto on your Nexo balance, it serves as collateral, and a fiat credit line opens against it automatically.
Key terms
- Card type: Credit Mastercard (virtual and physical)
- Supported currencies: BTC, ETH, USDT, USDC; 70+ crypto assets; settled in EUR
- Where it works: EEA countries, United Kingdom
- Fees: 0% conversion in credit mode; credit line rate of up to 13.9% APR; 2% ATM withdrawals; a free monthly withdrawal limit applies
- Cashback: up to 2% in NEXO; up to 0.5% in BTC; depends on the card tier
Key features
Purchases draw on the credit line and are repaid later in fiat or crypto; in some regions the card also supports a debit mode that spends from your existing balance. Nexo highlights the potential tax efficiency: in credit mode the crypto is not sold, so the transaction is not a disposal — though that depends on your tax jurisdiction.
How to get the card
- Sign up on the Nexo platform and pass KYC.
- Deposit the assets that will serve as collateral.
- Issue a virtual card or order the physical version.