Nexo Card

Nexo Card is a crypto-enabled Mastercard that combines debit and crypto-backed credit functionality in a single card. Users can switch between Debit Mode and Credit Mode directly in the Nexo app depending on whether they want to spend their assets or borrow against them.

In Debit Mode, the card can spend supported cryptocurrencies, stablecoins and Nexo's FiatX assets such as EURx, USDx and GBPx. Users can also prioritize which assets should be used first, while Nexo handles the necessary conversion when a payment is made.

Credit Mode works differently. Instead of selling crypto to fund a purchase, users borrow against eligible digital assets through a Nexo Credit Line. Interest rates currently start from 1.9% per year, depending on account conditions and collateral.

The card is issued by DiPocket UAB and operates on the Mastercard network.

Background

Nexo launched its crypto-backed card in Europe in April 2022 in partnership with Mastercard and DiPocket. At launch, its main feature was the ability to make card purchases using a crypto-backed credit line without selling the underlying assets. 

The product has since expanded into a dual-mode card. Debit Mode was added to give users the option to spend their available crypto and fiat-linked balances directly, while Credit Mode retained the original borrowing model.

Nexo integrates the card with its wider platform, including crypto trading, borrowing, interest products and its Loyalty Program. The company currently reports more than $7 billion in assets under management as of Q2 2026.

Terms and fees

Nexo does not charge monthly, annual or inactivity fees for the card. A virtual card can be activated once the user's Nexo account contains at least $50 worth of assets. 

A physical Nexo Card comes with free standard shipping, but eligibility is more restrictive. Users generally need a portfolio worth more than $5,000 and at least Gold Loyalty Tier status to order one. 

ATM fee-free allowances depend on the user's Loyalty Tier:

• Base — up to €200 / £180 per month;

• Silver — up to €400 / £360;

• Gold — up to €1,000 / £900;

• Platinum — up to €2,000 / £1,800.

After the monthly free allowance is used, Nexo charges 2% per withdrawal, with a minimum fee of €1.99 or £1.99. ATM operators may charge additional fees. 

Foreign exchange fees also depend on where and when the transaction takes place. For transactions involving EEA, UK or Swiss currencies, Nexo currently charges 0.2% on weekdays and 0.7% on weekends. Other international transactions carry 2% on weekdays and 2.5% on weekends.

Key features

The main feature of Nexo Card is its Debit and Credit Mode switch. Users can change modes with one tap in the app rather than maintaining separate cards.

In Debit Mode, users can spend their available crypto, stablecoin and FiatX balances. They can drag and reorder assets to determine which balance should be spent first. Nexo performs the required conversion automatically when a transaction is processed. (nexo.com)

In Credit Mode, users can spend against a crypto-backed credit line instead of selling their assets. There is no fixed repayment schedule or traditional credit check, while borrowing rates currently start from 1.9% per year. Assets that are not used as collateral may continue earning interest where the relevant Nexo product is available.

Nexo also offers up to 2% crypto cashback on eligible purchases made in Credit Mode. Cashback is available to clients participating in the Loyalty Program with a portfolio balance above $5,000. Rewards can be received in NEXO Tokens or Bitcoin.

Current cashback rates are:

• Platinum — 2% in NEXO or 0.5% in BTC;

• Gold — 1% in NEXO or 0.3% in BTC;

• Silver — 0.7% in NEXO or 0.2% in BTC;

• Base — 0.5% in NEXO or 0.1% in BTC.

Nexo Card also supports Apple Pay and Google Pay. The card can be used at more than 100 million merchants where Mastercard is accepted. 

Eligibility

Nexo Card is currently intended for eligible users in selected European jurisdictions, including the European Economic Area and the United Kingdom.

Users must complete Nexo's identity verification process and provide a supported identity document issued in the EEA, UK or another eligible European jurisdiction.

The virtual card has a relatively low entry requirement of at least $50 in the Nexo account, while ordering the physical version generally requires more than $5,000 in digital assets and Gold Loyalty status or higher. 

Availability of individual Nexo services, assets, borrowing features and reward programs can vary by jurisdiction.

How to get the card

1. Create a Nexo account and complete identity verification.

2. Add supported assets to your Nexo portfolio.

3. Maintain at least $50 in the account to become eligible for the virtual card.

4. Open the Card section in the Nexo app and activate the virtual Nexo Card.

5. Choose between Debit Mode and Credit Mode depending on how you want to pay.

6. In Debit Mode, arrange your preferred assets in the order you want them to be spent.

7. Add the card to Apple Pay or Google Pay if required.

8. To order the physical card, meet the applicable portfolio and Loyalty Tier requirements and request it through the app.