Nexo review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Nexo suits businesses and crypto users who want a multi-currency card, with monthly and annual card fees of €0 and €0. The trade-off is tier-based cashback, foreign exchange costs, and custodial holding of supported crypto.
Key facts
- Best for
- Businesses wanting a fee-free multi-currency card with crypto-linked rewards.
- Monthly fee
- €0↗
- Currency conversion fee
- 0.2% to 2.5%↗
- Free ATM withdrawals
- €200 to €2,000↗
- Card type
- Debit↗
- Cashback rate
- 0.1% to 2%↗
- Card network
- Mastercard↗
- Currencies
- 100↗
- Custody
- Custodial↗
- Legal entity
- DiPocket UAB↗
- Founded
- 2018↗
- Support channels
- Chat, Email, Help-centre↗
- Features
- Multi-currency, Crypto, Virtual card, Custodial, Travel
- Audience
- Business
- Official website
- nexo.com
Credit cards
- Annual fee
- €0↗
- APR
- from 1.9%↗
- Rewards type
- Cashback↗
- Rewards rate
- Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode↗
- Perks
- Free ATM withdrawals up to EUR 2,000 / GBP 1,800 per month at Platinum tier, then 2% fee (min EUR/GBP 1.99), Apple Pay and Google Pay supported, Interest earned on unspent funds (Nexo Loyalty Program, up to 13% per year), Accepted at over 100 million merchants globally, Virtual card activated instantly with 50 USD balance; free shipping for physical card above 5,000 USD balance at Gold tier or higher, No monthly, annual or inactivity card fees↗
- Cashback rate
- 0.5% to 2%↗
- Card kind
- Credit↗
- Pricing model
- No annual fee
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataXTrustpilotinstagram.com
Pros and cons
Pros
- No monthly or annual card fees: €0 and €0.
- Crypto cashback is available in NEXO Tokens or BTC at Platinum tier in Credit Mode.
- Multi-currency use, virtual cards, travel, Apple Pay and Google Pay are supported.
- The card uses the Mastercard network.
Cons
- Foreign exchange costs are 0.2% to 2.5%, which may add to overseas spending.
- Supported crypto is held in custodial custody under custodial.
- Cashback and ATM terms depend on card tiers, so lower tiers receive less favourable benefits.
Who it suits
- Businesses seeking a multi-currency card with no monthly or annual card fees.
- Crypto users comfortable with crypto cashback and custodial custody.
- Travellers who want Mastercard, virtual-card, Apple Pay and Google Pay support.
Who should look elsewhere
- bunq may suit readers whose stated foreign exchange fee range is 0.5% to 3%.
- Varo Believe Secured Credit Card may suit readers focused on a card with a stated monthly fee of $0.
- Wise may suit readers looking for a different everyday money platform, with a stated monthly fee of £0.
How Nexo compares
Nexo vs COCA Card8.9 vs 9.4
Nexo vs Airwallex8.9 vs 9.0
8.9 vs 8.0
8.9 vs 9.4
8.9 vs 8.7
8.9 vs 9.2
8.9 vs 9.4
8.9 vs 8.7
Nexo vs DKB8.9 vs 9.3
8.9 vs 8.9
Nexo vs Qonto8.9 vs 8.6
8.9 vs 9.2
8.9 vs 8.4
8.9 vs 8.5
8.9 vs 8.8
8.9 vs 9.0
8.9 vs 8.6
8.9 vs 8.3
8.9 vs 9.5
8.9 vs 9.4
8.9 vs 9.4
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.1
8.9 vs 9.1
Nexo vs Wirex8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.9
8.9 vs 8.8
8.9 vs 8.7
8.9 vs 8.5
8.9 vs 8.4- 8.9 vs 8.0
- Nexo vs COCA Card
- Nexo vs Airwallex
- Nexo vs Nebeus
- Nexo vs DKB
- Nexo vs DKB (Deutsche Kreditbank)
- Nexo vs Qonto_AT
- Nexo vs Qonto
- Nexo vs Vexi
- Nexo vs Current Build Card
- Nexo vs Coinbase
- Nexo vs Upgrade
- Nexo vs Kraken
- Nexo vs kraken
- Nexo vs ICICI Bank Credit Cards
- Nexo vs Wirex
- Nexo vs KTC credit card
- Nexo vs Upgrade OneCard™
- Nexo vs ICICI Bank
Where Nexo is available
- Available
- Argentina, Australia, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Seychelles, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States
- Licence in United States
- Department of Financial Protection and Innovation (California, United States) (60DBO-109416), checked September 26, 2026
- Licence in Argentina
- Comision Nacional de Valores (Argentina) (159), checked September 26, 2026
- Licence in Australia
- AUSTRAC (Australia) (DCE100843695-001), checked September 26, 2026
- Licence in Hong Kong
- Companies Registry (Hong Kong) (TC007556), checked September 26, 2026
- Licence in Poland
- Ministry of Finance (Poland) (RDWW-533), checked September 26, 2026
- Licence in Seychelles
- Financial Services Authority Seychelles (SD121), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What are the Nexo card fees?+
Nexo lists a monthly card fee of €0 and an annual card fee of €0. Its published perks also state that there are no monthly, annual or inactivity card fees.
What is the currency conversion fee?+
Foreign exchange fees are 0.2% to 2.5%. The exact amount can therefore vary, so overseas purchases and ATM withdrawals may cost more than transactions made in the card's base currency.
How much can I withdraw from ATMs for free?+
The free ATM allowance is €200 to €2,000 at Platinum tier. The stated Platinum perk includes higher limits, followed by an ATM fee for withdrawals beyond the allowance.
What rewards does the Nexo card offer?+
The card offers cashback in crypto, with a cashback percentage of 0.5% to 2% and a cashback rate of 0.1% to 2%. The separate rewards rate is in NEXO Tokens or BTC at Platinum tier for purchases in Credit Mode.
Which regulators are named for Nexo?+
Nexo has named registrations or licences with the Department of Financial Protection and Innovation in California, Comision Nacional de Valores, AUSTRAC, the Companies Registry in Hong Kong, the Ministry of Finance in Poland and the Financial Services Authority Seychelles.
Who is the Nexo card designed for?+
Nexo is intended for businesses and supports multi-currency use, crypto features and virtual cards. It uses the Mastercard network and supports Apple Pay and Google Pay.
What kind of card does Nexo offer?+
The card is a debit card with a credit mode and Mastercard network. It also offers a virtual card, while the wider Nexo service uses a custodial custody model for supported crypto.
How can I contact Nexo and pay with the card?+
Support is available through chat, email and a help centre under chat, email and help centre. The card also supports Apple Pay and Google Pay for payments.
Sources
- nexo.com checked September 26, 2026
Backs: Audience, Coins supported, Currencies, Features, Wallet type
“Individuals, businesses, and institutions rely on us to help grow their digital asset portfolios.”
- nexo.com/about checked September 26, 2026
Backs: Founded, Card network
“Since 2018, we've upheld the highest infrastructure security and client care standards”
- nexo.com/crypto-card checked September 26, 2026
Backs: Annual fee, APR, Free ATM withdrawals, Card kind, Card type, Cashback rate, Cashback rate, Currency conversion fee, Legal entity, Pricing model, Monthly fee, Perks, Rewards rate, Rewards type
“Enjoy daily spending with no monthly, annual, or inactivity card fees.”
- nexo.com/security checked September 26, 2026
Backs: Custody, Support channels
“Bakkt powers institutional-grade custody and asset management for Nexo clients in the United States.”
- portal.dfpi.ca.gov/csp checked September 26, 2026
Backs: Licences
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.