BitPay Card vs Nexo Card - HodlCue
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BitPay Card vs Nexo Card

BitPay Card vs Nexo Card: compare effective rewards, reward asset, fees, regulation, and custody in one head-to-head table.

BitPay Card

BitPay Card

The BitPay Card lets you spend supported cryptocurrencies at any merchant that accepts Visa, converting crypt…

VS
Nexo Card

Nexo Card

The Nexo Card is a crypto-backed credit card that lets you spend without selling your assets. It offers crypt…

Head-to-head comparison

Effective rewards

BitPay Card

No base reward on everyday spend

Nexo Card

0.5-2% (credit-mode purchases only, not debit)

Reward asset

BitPay Card

None (occasional promos)

Nexo Card

NEXO (up to 2%) or BTC (up to 0.5%)

Staking tier

BitPay Card

Nexo Card

Loyalty tier by NEXO-to-portfolio ratio; higher cashback needs >~$5k portfolio and NEXO holdings

Custody

BitPay Card

Custodial

Nexo Card

Custodial

Annual fee

BitPay Card

$0 stated

Nexo Card

No monthly or annual fee

FX fee

BitPay Card

~3% foreign transaction fee (poor for travel)

Nexo Card

FX fee applies even in EEA/UK, higher on weekends

ATM fee

BitPay Card

Applies

Nexo Card

Free to monthly limit by loyalty tier, then fee

Conversion spread

BitPay Card

BitPay conversion rate on load

Nexo Card

Standard, applies on debit-mode conversions

Network

BitPay Card

Mastercard

Nexo Card

Mastercard

Apple / Google Pay

BitPay Card

Yes

Nexo Card

Yes

Region availability

BitPay Card

United States only; new applications paused (waitlist)

Nexo Card

EEA and UK only (exited US 2024); physical card orders temporarily paused

Pros & cons

BitPay Card

BitPay Card

Pros

  • Spend crypto directly at millions of Visa merchants
  • Supports multiple cryptocurrencies and stablecoins
  • Easy integration with BitPay wallet
  • No need to manually sell crypto on an exchange

Cons

  • Custodial: BitPay holds the private keys
  • Fees can add up (issuance, monthly, reload, ATM)
  • Primarily available to U.S. residents only
Nexo Card

Nexo Card

Pros

  • Spend crypto without selling your assets
  • Earn crypto cashback on purchases
  • No annual fee (depending on tier)
  • Flexible repayment options

Cons

  • Custodial - you do not control private keys
  • Risk of liquidation if collateral drops
  • Interest charges on borrowed amounts
  • Not available in all countries
BitPay Card

BitPay Card

The BitPay Card lets you spend supported cryptocurrencies at any merchant that accepts Visa, converting crypto to fiat at the point of sale. It is a custodial prepaid card issued by BitPay, designed for users who want to use their digital assets for everyday purchases.

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Nexo Card

Nexo Card

The Nexo Card is a crypto-backed credit card that lets you spend without selling your assets. It offers crypto rewards on everyday purchases, but is custodial and requires careful review of terms.

Read review

Risk warning: Cryptocurrency is a volatile, high-risk asset class. Prices can fall as well as rise, and you could lose some or all of the money you put in. Custodial providers carry counterparty risk; self-custody puts key security entirely on you. This page is general information, not financial advice.

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