Nexo Card

Company Overview

Nexo is a premier digital assets wealth platform founded in 2018 by a team of experienced finance professionals: Kosta Kantchev (Co-Founder & Executive Chairman), Antoni Trenchev (Co-Founder & Managing Partner), and Kalin Metodiev, CFA (Co-Founder & Managing Partner). The company was established following a private token sale that raised $52.5 million.

Nexo is headquartered in Zug, Switzerland, with approximately 700+ employees distributed across six continents. The platform has raised approximately $50 million in total funding, with key investors including Arrington XRP Capital, Blockground Capital, Fat Cat Ventures, Optimista Capital, and Out Of This World Investments.

Since launch, Nexo has served forward-thinking clients across more than 200 jurisdictions, managing over $11 billion in assets under management and processing $320+ billion in transactions. The platform has issued over $371 billion in collateralized credit since 2018.

Nexo operates as a regulated financial services platform with robust compliance infrastructure. The company holds certifications including ISO 27001, ISO 27017, ISO 27018, Cloud Security Alliance STAR Level 1, and has completed SOC 3 Type 2 audits. Platform security features include 2FA with biometric data, SSL secure connections, Ledger Vault custody for client funds, and 24/7 customer support. The firm also collaborates with Chainalysis for blockchain analytics and AML monitoring.

Products & Services

Nexo Card

The Nexo Card is a pioneering dual-mode crypto Mastercard that allows users to seamlessly switch between Credit Mode and Debit Mode with a single tap. Launched in August 2023 for EEA citizens, it was the world's first crypto-backed card offering both credit and debit functionality.

Card Features:

• Virtual card (instant activation with $50 minimum balance)
• Physical card (available for Gold/Platinum tier, $5,000+ balance)
• Mastercard network — accepted at 100+ million merchants worldwide
• Apple Pay and Google Pay integration
• Dual-mode switching with one tap
• Drag-and-drop asset prioritization for spending order
• Issued by DiPocket UAB

Credit Mode

In Credit Mode, users can spend fiat currency without selling their crypto holdings. Digital assets serve as collateral for a credit line, enabling access to liquidity while retaining upside potential.

Credit Mode Benefits:

• Borrow at rates starting from 2.9% APR (Platinum tier)
• No fixed repayment schedule
• No credit checks required
• Interest rates up to 13.9% APR maximum
• Spend at 0% APR option (auto-adjusts collateral to keep LTV below 20%)
• Up to 2% crypto cashback on purchases
• No taxable event (borrowing, not selling)
• Continue earning interest on non-collateralized assets

Debit Mode

In Debit Mode, users spend directly from their crypto, stablecoin, or FiatX balances. Assets continue earning daily compound interest until spent.

Debit Mode Spending Options:

• Stablecoins (USDC, USDT, etc.)
• Cryptocurrencies (converted to fiat at point of sale)
• FiatX assets (EURx, USDx, GBPx)

Nexo Ecosystem Integration

The Nexo Card integrates with the full Nexo platform:

• Flexible Savings — Earn up to 14% APR on 30+ digital assets, paid daily
• Fixed-term Savings — Lock assets for 1-12 months for up to 16% APR
• Credit Line — Borrow against crypto without selling
• Exchange — Swap 100+ digital assets
• Futures — Trade perpetuals with up to 50x leverage
• Dual Investment — Earn yields up to 15% APR on target prices

Fees & Pricing

Fee Type	Amount
Virtual Card Issuance	€0 (free, requires $50 balance)
Physical Card Issuance	€0 (free shipping, requires Gold tier + $5,000)
Monthly Fee	€0
Annual Fee	€0
Inactivity Fee	€0
Debit Mode Spending	€0
Credit Mode Interest	2.9%–13.9% APR
ATM Withdrawal (over limit)	2% (min €1.99/£1.99)
FX Fee (over monthly limit)	0.5%

Transaction Limits

Limit Type	Amount
Daily Spending	€10,000
Monthly Spending	Varies by tier
ATM Daily Limit	€2,000

Free ATM Withdrawal Limits (Monthly)

Loyalty Tier	Free Limit
Base	€200 / £180
Silver	€400 / £360
Gold	€1,000 / £900
Platinum	€2,000 / £1,800

Free Foreign Exchange Limits (Monthly)

Loyalty Tier	Free FX Limit
Base	€3,000 / £3,000
Silver	€5,000 / £5,000
Gold	€10,000 / £10,000
Platinum	€20,000 / £20,000

FX Fees (After Monthly Limit)

Region/Day	Fee
EEA/UK/CH Weekdays	0.2%
EEA/UK/CH Weekends	0.7%
Rest of World Weekdays	2%
Rest of World Weekends	2.5%

Cashback Rewards (Credit Mode Only)

Cashback is available when using Credit Mode with a portfolio balance above $5,000. Rewards are paid in NEXO tokens or Bitcoin.

Loyalty Tier	NEXO Cashback	BTC Cashback
Platinum	2%	0.5%
Gold	1%	0.3%
Silver	0.7%	0.2%
Base	0.5%	0.1%

Loyalty Program Tiers

Tiers are based on the percentage of NEXO tokens held relative to your total portfolio:

Tier	NEXO Holdings
Base	0%
Silver	1%+
Gold	5%+
Platinum	10%+

Note: Portfolio balance must exceed $5,000 to access loyalty benefits.

Supported Assets

Collateral for Credit Mode (61+ cryptocurrencies):

• BTC, ETH, XRP, BNB, SOL, ADA, LINK, DOT, AVAX, MATIC, UNI, AAVE, and many more

Debit Mode Spending:

• FiatX currencies: EURx, USDx, GBPx
• Stablecoins: USDC, USDT, DAI
• Crypto (auto-converted to fiat at POS)

Interest-Earning Assets (30+):

• BTC, ETH, BNB, XRP, LINK, DOT, ADA, USDC, USDT, and more

Geographic Availability

Available Countries:

• European Economic Area (EEA) — 30 countries
• United Kingdom
• Switzerland
• Andorra

Excluded:

• United States (US rollout expected Q4 2025)
• Bulgaria (due to regulatory issues)
• Rest of World

Security & Compliance

Certifications:

• ISO 27001 (Information Security Management)
• ISO 27017 (Cloud Security)
• ISO 27018 (Cloud Privacy)
• Cloud Security Alliance STAR Level 1
• SOC 3 Type 2 audit completed

Custody & Insurance:

• Ledger Vault custody for client assets
• Bakkt insurance coverage
• Over-collateralized lending model

Platform Security:

• 256-bit AES SSL encryption
• Two-factor authentication (2FA)
• Biometric login (fingerprint, face scan)
• Real-time activity alerts
• Address whitelisting
• Card freeze/unfreeze via app
• Spending controls and custom limits

Compliance:

• KYC/AML compliant
• Chainalysis partnership for blockchain monitoring
• 24/7 customer support

Ideal For

• Long-term crypto holders wanting liquidity without selling
• European residents seeking a dual-mode crypto card
• Users who want to earn interest while having spending flexibility
• NEXO token holders looking to maximize loyalty benefits
• High-net-worth individuals ($100K+ for Private Client perks)
• Travelers needing fee-free foreign transactions
• Users seeking tax-efficient crypto spending (Credit Mode)

Not Suitable For

• US residents (not yet available)
• Users outside EEA, UK, Switzerland, Andorra
• Those unwilling to hold NEXO tokens for best rates
• Users needing instant physical card (temporarily paused)
• Debit-only users (no cashback in Debit Mode)
• Users seeking bank account features (no SEPA/SWIFT)
• Budget users with less than $50 portfolio

Pros

• Unique dual-mode (credit + debit) in one card
• Credit Mode avoids taxable events (borrowing, not selling)
• Industry-leading 2.9%–13.9% APR on credit (vs. 15-25% traditional)
• Up to 2% crypto cashback (NEXO) or 0.5% (BTC)
• Earn up to 14% APR on unspent balance (daily payouts)
• €0 monthly, annual, and inactivity fees
• Up to €2,000 free ATM withdrawals monthly (Platinum)
• Up to €20,000 free foreign transactions monthly
• Mastercard acceptance at 100M+ merchants
• Apple Pay and Google Pay support
• Drag-and-drop asset spending prioritization
• No credit checks or fixed repayment schedules
• Spend at 0% APR option available
• Industry-grade security (ISO 27001, SOC 3)
• Ledger Vault + Bakkt custody/insurance
• 24/7 customer support
• $11B+ assets under management

Cons

• Limited to EEA, UK, Switzerland, Andorra (no US yet)
• Physical card orders temporarily paused (as of Jan 2025)
• $5,000 minimum for loyalty program/cashback
• Gold tier ($5,000 + 5% NEXO) required for physical card
• Cashback only in Credit Mode, not Debit Mode
• No SEPA/SWIFT transfers or bank account features
• FiatX required for Debit Mode (no direct crypto spend)
• Base tier gets minimal benefits (only €200 free ATM)
• 0.5% FX fee after monthly free limit
• Some cashback features region-restricted
• No Bulgaria service due to regulatory issues

Alternatives

• Crypto.com Card — Up to 5% cashback with CRO staking, debit only
• 1inch Card — 2% cashback, 0% FX, DeFi integration
• MetaMask Card — Non-custodial, virtual only
• Wirex Card — Up to 8% cryptoback, $200 free ATM
• Bybit Card — Up to 10% cashback, 0.9% conversion
• Coinbase Card — Up to 4% cashback, 8 cryptos supported