Nexo review

Pros and cons

Who it suits

• Spenders who want debit payments from crypto balances with monthly fee of €0.
• Travellers and cross border shoppers who accept conversion fees of 0.2% to 2.5% on Mastercard rails.
• Savers who want earn yield of 15% alongside card use in custodial custody.

Who should look elsewhere

• Users seeking the lowest conversion charges may prefer Kraken, since Kraken charges 0% against Nexo fees of 0.2% to 2.5%.
• Users wanting direct control of keys may prefer self custody wallets over Nexo, since Nexo custody is custodial.

How it compares on our data

Within the cards comparison, Nexo sits at 1 among 50 brands for monthly fee, which reflects the absence of routine upkeep charges. For ATM allowance, placement is at 5 among 16 brands, which points to a mid table position for cash access. Readers who give weight to low upkeep costs may see the monthly fee placement as the clearer signal, while readers who value cash flexibility may focus on the ATM allowance placement. Together, those placements sketch a card that leans toward everyday spending rather than heavy ATM use, with upkeep costs as the stronger side of the picture.

Licences and registrations

Nexo cards operate under registrations that span several jurisdictions, with card documentation naming the relevant entities. Listed registrations include 60DBO-109416 for the Department of Financial Protection and Innovation in California, 159 for Comision Nacional de Valores in Argentina, and DCE100843695-001 for AUSTRAC in Australia. Further registrations include TC007556 for the Companies Registry in Hong Kong, RDWW-533 for the Ministry of Finance in Poland, and SD121 for the Financial Services Authority Seychelles. Readers should review which entity serves their region, since coverage and obligations can differ across those registrations.

Fees

Routine card upkeep carries a monthly fee of €0, so users keep the card active without a subscription outlay. That structure suits users who spend intermittently as well as those who use the card as a primary payment route, since upkeep does not rise with inactivity. Currency conversion fees run 0.2% to 2.5%, which apply when transactions move between currencies at the point of payment. Readers who spend mainly in a home currency will feel that conversion element less often, while travellers and cross border shoppers should include it in cost planning alongside the upkeep position.

Using it abroad

For spending outside the home currency, conversion fees run 0.2% to 2.5%, so the total cost of each foreign payment reflects the rate applied at settlement. ATM allowance spans €200 to €2,000, which sets the scope for withdrawing cash while travelling or managing expenses abroad. The card operates on Mastercard rails, which provides broad acceptance at merchants and cash points where that network is supported. Taken together, the package suits card payments abroad more than repeated large cash withdrawals, with conversion pricing as the main variable to watch.

How your money is protected

Balances linked to the card remain in custodial custody, which means the platform holds private keys and manages settlement on behalf of users. That custodial model simplifies spending and rewards, since users do not manage key storage for transaction balances. Oversight is spread across registrations such as 60DBO-109416, 159, DCE100843695-001, TC007556, RDWW-533 and SD121. Readers should confirm which registration covers their account, and consider how custodial holding fits their appetite for convenience against direct control.

The company behind it

Card services are provided under DiPocket UAB, the entity named on card terms, with origins tracing to 2018. The group holds registrations including 60DBO-109416, 159, DCE100843695-001, TC007556, RDWW-533 and SD121. Customer assistance is available through chat, email and help centre, covering live messaging, mail correspondence and a self service centre with guides. That combination gives users documented corporate details plus accessible routes for queries on cards, balances and account administration.

How Nexo compares

• 

  COCA Card

  Nexo vs COCA Card9.0 vs 9.4
• 

  BenPay

  9.0 vs 8.2
• 

  mypal.pro

  9.0 vs 8.2
• 

  XTB

  9.0 vs 9.5
• 

  eToro

  eToro charges currency conversion fees of 0% and may suit users who prioritise minimal conversion charges over Nexo earn features.

  9.0 vs 9.6
• 

  bunq

  9.0 vs 9.0
• 

  Bitpanda

  9.0 vs 9.1
• 

  Skrill Prepaid Mastercard

  9.0 vs 8.9
• 

  Skrill

  9.0 vs 8.1
• 

  Hyperliquid

  9.0 vs 9.5
• 

  Kraken

  Kraken charges currency conversion fees of 0% which may suit spenders seeking lower conversion costs than Nexo fees of 0.2% to 2.5%.

  Nexo vs Kraken9.0 vs 9.4
• 

  Wirex

  Nexo vs Wirex9.0 vs 9.2
• 

  Wirex Card

  Nexo vs Wirex Card9.0 vs 9.1
• 

  Coinbase

  9.0 vs 9.0
• 

  Wirex

  9.0 vs 8.9
• BC

  Binance Card

  9.0 vs 8.8
• 

  CoinJar

  9.0 vs 8.8
• 

  MEXC

  9.0 vs 8.6
• 

  Bitget Card

  9.0 vs 8.5
• 

  Bitget

  9.0 vs 8.3

Frequently asked questions

Sources

• nexo.com checked September 26, 2026

  Backs: Supported assets, Audience, Currencies, Features

  “Buy BTC, ETH, and over 100 other digital assets”

• nexo.com/about checked September 26, 2026

  Backs: Card network

  “World-first crypto Nexo Card launched in partnership with Mastercard.”

• nexo.com/crypto-card checked September 26, 2026

  Backs: Free ATM withdrawals, Card type, Cashback rate, Currency conversion fee, Monthly fee

  “Base: Up to EUR 200 / GBP 180 ... Platinum: Up to EUR 2,000 / GBP 1,800”

• nexo.com/earn-crypto checked September 26, 2026

  Backs: Lock-up terms

  “Earn interest with daily payouts and no lock-ups.”

• nexo.com/fixed-term-savings checked September 26, 2026

  Backs: Yield

  “Rates as High as 15% Annually”

• nexo.com/security checked September 26, 2026

  Backs: Custody

  “Bakkt powers institutional-grade custody and asset management for Nexo clients in the United States.”