Nexo Card Review For 2026

Summary

The Nexo card allows its holder to use it as a regular card without losing any gains in fiat. It is intended to function similarly to a traditional credit card, but for cryptocurrency. However, unlike most crypto cards, which require you to sell your crypto each time you make a payment, Nexo may provide something more flexible: a dual purpose. Mastercard can function as a debit card when simplicity is required and as a credit and debit card when you need to spend your crypto reserves without selling them.

The Nexo Card is currently one of the most appealing on the market, especially among users who already save their assets with Nexo. With crypto offers, fee transparency, and no annual fee, the Nexo Card becomes one of the most competitive crypto cards in Europe and the United Kingdom.

Key Features & Specs

Quick Verdict

Nexo Cards can be used by those who prefer to receive crypto cashback and have the choice to spend their money without the need to sell their crypto. Its debit and credit card mode also allows it to be more flexible compared to most competitors. Nonetheless, it is not the best when you are within a non-supplied area or when you would like to have a basic traditional credit card arrangement. Credit Mode enables credit-backed borrowing and is therefore most optimal among those users who are aware of platform risk and credit behavior. All in all, it is a powerful crypto rewards card – particularly to active Nexo users.

Coingape’s Review on Nexo Card

In this review, we tried out the Nexo Card experience via the Nexo app and product flow. Checking card availability prompts, onboarding steps, KYC requirements, and how Nexo displays card terms and fees on its user interface.

We also checked the published card costs (annual fee, foreign exchange fees, ATM withdrawal limits) on the official platform documentation and fee pages. We also matched Nexo’s positioning with third-party reviews that had been implemented to ensure that the reward structure and practical constraints corresponded to real-life user expectations.

Security, Regulation & Trust Signals

From a safety perspective, the Nexo Card is as secure as the platform it sits on, which is a key point. This isn’t a self-custody card. Your spending account and assets remain within Nexo.

Key trust signals

Custody model

The Nexo Card follows a custodial setup, meaning the crypto you use for spending and rewards is held on the Nexo platform rather than in a self-custody wallet you fully control.

Regulatory Compliance

The American Institute of Certified Public Accountants (AICPA) is auditing Nexo. It holds licenses from the Department of Financial Protection and Innovation, U.S., AUSTRAC, Australia, Companies Registry, Hong Kong, and others. It has made full disclosure of all audits and licenses in the security section of the website.

Insurance

As mentioned earlier, Nexo operates in a centralized model, and it uses Ledger Vault to store custodial assets.

Past incidents

No significant card-specific incident involving the Nexo Card was found in the sources that were examined. However, the main risk is usually platform-level risk, such as operational limitations, compliance modifications, or custody-related problems, because the card is inextricably linked to the platform. It has received 4.4 rating on trust pilot making it one of the most secured crypto credit cards.

Company background

Nexo has been in business since 2018 and operates a large crypto finance ecosystem that includes lending, borrowing, and earning products, all of which help support the card’s Credit Mode functionality.

Conclusion

If you want to earn cryptocurrency cashback and have assets in Nexo, you should think about getting a Nexo Card. However, if you are looking for more decentralized features, then Nexo isn’t for you, as it is a CeFi product.