Updated September 28, 2026 · DebitCue Editorial Team
Airwallex vs Nexo
Airwallex
Higher score in this comparison
Nexo
Where Airwallex and Nexo differ
| Compare | AirwallexReviewVisitVisit | NexoReviewVisitVisit |
|---|---|---|
| Monthly fee | £0 | €0 |
| Currency conversion fee | 0.5% | 0.2% to 2.5%Lower |
| Cashback rate | 2% | 0.1% to 2% |
| Card network | Visa | Mastercard |
| Currencies | 20 | 100Higher |
| Free ATM withdrawals | Not confirmed | €200 to €2,000 |
| Custody | Not confirmed | Custodial |
Same on both: Card type (Debit).
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Key differences
- Airwallex scores higher overall: 9.0 vs 8.9.
- Founded is lower at Airwallex: 2015 vs 2018.
- Nexo is licensed in 4 more countries.
- Nexo is available in 19 more countries.
- Currency conversion fee is lower at Nexo: 0.2% to 2.5% vs 0.5%.
- Currencies is higher at Nexo: 100 vs 20.
- Support channels: only Airwallex offers Phone.
- Support channels: only Nexo offers Email.
- Features: only Nexo offers Crypto, Custodial.
Our verdict on each
Airwallex
Airwallex suits businesses that hold and spend across several currencies, pairing a £0 monthly fee with 20 currencies, virtual cards and support by phone. The trade-off sits in conversion, where fees run 0.5%, a step above the cheapest rate on a comparison of 259 brands.
Nexo
Nexo suits people who hold crypto and want a card that costs nothing to keep and pays cashback in tokens. The monthly fee is €0, the cashback is paid in crypto rather than cash, and the conversion fee of 0.2% to 2.5% is the trade-off to weigh.
Score breakdown
| Area | Airwallex | Nexo |
|---|---|---|
| Cost | 9.2Monthly fee of £0 ranks 1 of 419, while conversion fees of 0.5% sit at 115. | 9.2Free monthly and annual fees sit against a currency conversion fee of 0.2% to 2.5%, so spending abroad costs more. |
| Offer | 9.4HigherMulti-currency, virtual cards and travel use are listed features, with cashback of 2% on spend. | 9.3 |
| Trust | 8.6Higher | 8.4 |
Availability and regulation
| Country | Airwallex | Nexo |
|---|---|---|
| Argentina | Not confirmed | |
| Australia | Not confirmed | AUSTRAC (Australia) DCE100843695-001 |
| Hong Kong | Not confirmed | Companies Registry (Hong Kong) TC007556 |
| Netherlands | De Nederlandsche Bank (DNB) R179622 | Not confirmed |
| Poland | Not confirmed | Ministry of Finance (Poland) RDWW-533 |
| Seychelles | Not confirmed | |
| Singapore | Monetary Authority of Singapore (MAS) PS20200541 | Not confirmed |
| United States | Not confirmed |
Available in 8 countries for both. Additional countries for Airwallex: 9. Additional countries for Nexo: 28.
Where they rank in our lists
| Ranking | Airwallex | Nexo |
|---|---|---|
| Debit cards | 4 of 1336 | 11 of 1336 |
| Credit cards | 2 of 1020 | 10 of 1020 |
| Business debit cards | 1 of 201 | 4 of 201 |
| Travel cards | 2 of 443 | 9 of 443 |
If neither fits
Wirex has currencies at 150, against 20 for Airwallex and 100 for Nexo.
Wirex reviewWhat we checked
Airwallex
- airwallex.com: 7 facts, checked September 26, 2026
- play.google.com: 2 facts, checked September 26, 2026
- recordowl.com: 1 fact, checked September 26, 2026
- sgpbusiness.com: 1 fact, checked September 26, 2026
- transferfees.io: 1 fact, checked September 26, 2026
Nexo
- nexo.com: 13 facts, checked September 26, 2026
Every fact side by side
| Fact | Airwallex | Nexo |
|---|---|---|
| Features | Multi currency, Virtual card, Travel | Multi currency, Crypto, Virtual card, Custodial, TravelCovers more |
| Audience | Business | Business |
| Legal entity | Airwallex (Singapore) Pte. Ltd. | DiPocket UAB |
| Headquarters | Singapore | Not confirmed |
| Founded | 2015Lower | 2018 |
| Support channels | Help centre, Phone, Chat | Chat, Email, Help centre |
Credit cards
| Fact | Airwallex | Nexo |
|---|---|---|
| Annual fee | Not confirmed | €0 |
| APR | Not confirmed | from 1.9% |
| Rewards type | Not confirmed | Cashback |
| Pricing model | Not confirmed | No annual fee |
| Rewards rate | Not confirmed | Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode |
| Perks | Not confirmed | 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 | Not confirmed | 0.5% to 2% |
| Card kind | Not confirmed | Credit |
Where each stands against the rest
| Fact | Airwallex | Nexo | Median |
|---|---|---|---|
| Currency conversion fee | 0.5%below the median | 0.2% to 2.5%below the median | 1% |
| Free ATM withdrawals | Not confirmed | €200 to €2,000highest quarter | €4 |
| Cashback rate | 2%at the median | 0.1% to 2%at the median | 2% |
| Currencies | 20above the median | 100highest quarter | 8 |
Median across 387 listed cards.
Pros and cons
Airwallex
Pros
- A monthly fee of £0 and a rank of 1 on 419 brands for this measure
- Accounts cover 20 currencies, so several balances can sit side by side
- Virtual cards and travel use are listed features, so staff spend and trips stay in the same place
Cons
- Conversion fees run 0.5%, so converting larger amounts costs more than at the cheapest rivals
- Cashback of 2% is small next to that conversion cost on cross-currency spend
- The account is aimed at business, so personal everyday spending sits outside its remit
Nexo
Pros
- Free to keep: the monthly fee is €0 and the annual fee is €0.
- Cashback of 0.5% to 2% paid in NEXO Tokens, or in BTC at the Platinum tier.
- Free ATM withdrawals of €200 to €2,000 each month at the Platinum tier.
Cons
- Currency conversion costs 0.2% to 2.5%, above the site median of 1%.
- Support runs on chat, email and help centre only, with no phone line.
- Custody sits with the provider: the account is custodial, not self-custody.
Who each suits
Airwallex
Who it suits
- Businesses paying suppliers or contractors in other currencies
- Companies with staff travelling for work
- Startups keeping several currency balances side by side
Who should look elsewhere
- Single-currency spenders, who would get more from Wise
- Travellers wanting fee-free conversion, since fees run 0.5% here against 0.1% at Wise
- Households after a personal everyday card, where Varo Believe Secured Credit Card or Chime Card (Secured Visa Credit Card) fit better
Nexo
Who it suits
- Crypto holders who want everyday spending to pay part of the cost back in tokens.
- Business users, the audience Nexo lists, who pay across several of the 100 supported currencies.
- Travellers who keep their cash withdrawals inside €200 to €2,000 each month.
Who should look elsewhere
- Wise, for anyone who wants a multi-currency account without crypto cashback or interest on unspent funds.
- Varo Believe Secured Credit Card, for a secured credit card rather than a crypto-linked card, at a monthly fee of $0.
- Chime Card (Secured Visa Credit Card), for building credit on a secured card, at a monthly fee of $0.
Country by country
| Country | Airwallex | Nexo |
|---|---|---|
| Argentina | No | Yes |
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Canada | Yes | No |
| China | Yes | No |
| Croatia | No | Yes |
| Cyprus | No | Yes |
8 of 45 countries where either is available.
Questions about each
Airwallex
What does it cost to hold an Airwallex account?+
The monthly fee is £0, so keeping the account open adds no recurring cost, and Airwallex ranks 1 of 419 brands on this measure. Conversion is the charge that follows, and it is listed separately.
What is the currency conversion fee on Airwallex?+
Conversion fees run 0.5%, which sits above the cheapest conversion available, and Airwallex ranks 115 of 259 brands on this measure. Converting only when the trade rate is worth the fee keeps that cost under control.
Nexo
What does it cost to keep the Nexo card?+
The monthly fee is €0 and the annual fee is €0, and Nexo states there are no monthly, annual or inactivity card fees. The account is aimed at business users, so holding the card adds no fixed running cost to a budget.
What is the currency conversion fee?+
Conversion costs 0.2% to 2.5%, which sits above the site median of 1%. Spending in a currency other than your balance currency is the main cost to plan for, and free ATM withdrawals only run to €200 to €2,000 a month at the Platinum tier.
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