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Nexo review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

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.

Key facts

Best for
Free everyday spending for crypto holders who want cashback and interest on their balance.
Monthly fee
€0 (Source, checked September 26, 2026)
Currency conversion fee
0.2% to 2.5% (Source, checked September 26, 2026)
Free ATM withdrawals
€200 to €2,000 (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Cashback rate
0.1% to 2% (Source, checked September 26, 2026)
Card network
Mastercard (Source, checked September 26, 2026)
Currencies
100 (Source, checked September 26, 2026)
Custody
Custodial (Source, checked September 26, 2026)
Legal entity
DiPocket UAB (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Chat, Email, Help-centre (Source, checked September 26, 2026)
Features
Multi-currency, Crypto, Virtual card, Custodial, Travel
Audience
Business
Official website
nexo.com

Credit cards

Annual fee
€0 (Source, checked September 26, 2026)
APR
from 1.9% (Source, checked September 26, 2026)
Currency conversion fee
0.2% to 2.5% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Cashback rate
0.5% to 2% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
DiPocket UAB (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Chat, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Multi-currency, Crypto, Virtual card, Custodial, Travel
Audience
Business

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataXTrustpilotinstagram.com

Pros and cons

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.
  • Interest on unspent funds and an instant virtual card, both listed in 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 and Interest earned on unspent funds (Nexo Loyalty Program, up to 13% per year).

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.
Nexo

Ready to try Nexo?

Scored 8.9 / 10 by DebitCue.

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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.

The company behind it

The card comes from DiPocket UAB, a company founded in 2018, and support runs on chat, email and help centre. The group appears on the registers of AUSTRAC in Australia, the Ministry of Finance in Poland, the Financial Services Authority Seychelles, the Department of Financial Protection and Innovation in California, the Comision Nacional de Valores in Argentina and the Companies Registry in Hong Kong, with AUSTRAC number DCE100843695-001 and Seychelles number SD121.

How Nexo compares

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 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.

Is this a debit or a credit card?+

The card type is debit, and a credit mode is also offered, which is where the rewards are earned. The network is mastercard and a virtual card can be activated instantly, so a card can be in use before a physical one arrives.

How much cashback do I earn?+

Cashback is paid in NEXO Tokens, or in BTC at the Platinum tier, on purchases made in Credit Mode, at 0.5% to 2%. The rewards type is cashback, and because the reward is crypto rather than cash its value moves with the token price.

How much can I withdraw at ATMs?+

Free ATM withdrawals cover €200 to €2,000 each month at the Platinum tier, and a fee applies above that. On free ATM withdrawals Nexo ranks 23 of 115 brands on the site, so the tier you hold matters as much as the amount.

Which currencies can I hold and spend?+

The account supports 100 currencies, and the feature list includes multi-currency and travel. Apple Pay and Google Pay are supported, and interest is paid on unspent funds through the loyalty programme, so a single balance can be used at home and abroad.

Is the provider regulated, and who holds the funds?+

Registrations include DCE100843695-001 with AUSTRAC in Australia and SD121 with the Financial Services Authority Seychelles, plus registers in Poland, Argentina, California and Hong Kong. The account is custodial, so the provider holds the balance.

Sources

  • nexo.com checked September 26, 2026

    Backs: Audience, Currencies, Features

    “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.

Nexo

Nexo

Free everyday spending for crypto holders who want cashback and interest on their balance.

8.9/10Visit