Nexo Card: The Ultimate Crypto Card for Borrowing, Earning, and Spending

Nexo Card: The Ultimate Crypto Card for Borrowing, Earning, and Spending
Nexo Card: The Ultimate Crypto Card for Borrowing, Earning, and Spending


Cryptocurrencies are becoming more popular and widely accepted as a form of payment and investment. However, many crypto holders face the dilemma of whether to sell their assets or keep them for future growth. Selling crypto can trigger taxable events and reduce the potential upside of holding them. On the other hand, keeping crypto idle in a wallet can limit the liquidity and spending power of the holders.

Fortunately, there is a solution that allows crypto holders to access cash without selling their assets: the Nexo crypto loan card. The Nexo card is a unique product that combines the features of a credit card and a debit card, powered by the Nexo platform. In this article, we will explain what Nexo is, how the Nexo card works, and how you can use it to borrow, earn, and spend cryptocurrencies.

What is Nexo?


What is Nexo?

Nexo is a crypto platform that offers multiple financial products and services related to crypto assets, including purchasing, lending, borrowing, trading, and earning interest on holdings. The company offers Instant Crypto Credit Lines, where users can borrow against their crypto at 0% APR and get liquidity without selling their cryptocurrencies. Users can also earn up to 9% interest on their idle crypto and fiat assets by depositing them in the Nexo Savings Wallet1. Additionally, users can exchange over 60 digital assets with zero fees on the Nexo Exchange2.

The Nexo platform is powered by the NEXO Token, which is the platform’s native currency, an ERC-20, Ethereum-based token, that grants holders access to tiers in Nexo’s Loyalty Program. The token, which is traded on the open market, brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals, and better yield rates.

How does the Nexo card work?

The Nexo card is a crypto card that can be used as credit and debit. In both modes, it connects to your available balance to provide you with liquidity for your everyday expenses, online purchases, subscriptions, and more.

How does the card work?

Credit Mode

In Credit Mode, the Nexo card functions as a natural extension of the Instant Crypto Credit Lines. You can use your deposited crypto as collateral to get instant access to cash without selling your assets. Every purchase you make with the card is instantly fueled by a fiat loan secured by your crypto collateral with interest rates ranging from 0% to 15.9% p.a. You can repay your balance partially or fully at any time with no fixed payment schedule. You can also choose between fiat, crypto, or a combination of both to repay your credit line.

Some of the benefits of using the Nexo card in Credit Mode are:

  • You can spend without selling your crypto, which doesn’t trigger a taxable event.
  • You can optimize your tax liabilities by deferring capital gains taxes until you sell your crypto.
  • You can benefit from the potential appreciation of your crypto assets while spending them.
  • You can get up to 2% cashback in BTC or NEXO tokens on every purchase you make with the card.
  • You can earn daily interest on assets that are not used as collateral for your credit line.


Debit Mode

In Debit Mode, the Nexo card functions as a regular debit card that allows you to spend your EUR, GBP, or USD balance that you have deposited or exchanged on the Nexo platform. You can transfer funds from your bank account or another wallet to your Nexo account and use them right away with no fees. You can also exchange any supported asset to fiat currency on the Nexo Exchange and spend it with the card.

Some of the benefits of using the Nexo card in Debit Mode are:

  • You can spend just like you would with any debit card accepted worldwide.
  • You can pay locally with automatic foreign currency exchange and no fees.
  • You can get up to 5 free ATM withdrawals every month.
  • You can earn up to 9% interest on your fiat balance as you spend on the go.

    World's First Dual Mode Crypto Card
    World’s First Dual-Mode Crypto Card

How to get and use the Nexo card?

Getting and using the Nexo card is easy and convenient. Here are the steps you need to follow:

  1. Sign up for a free account on Nexo and complete identity verification.
  2. Deposit crypto or fiat assets in your Nexo account to create an available balance for spending.
  3. Activate your virtual Nexo card with a single tap and start spending with your phone instantly.
  4. Order your physical Nexo card for free and wait for it to arrive in the mail.
  5. Activate your physical Nexo card and use it anywhere Mastercard is accepted.
  6. Toggle between Credit and Debit Mode at any time and spend your way.


The Nexo card is a revolutionary product that allows crypto holders to access cash without selling their assets, while also earning interest and cashback on their spending. The card offers two modes: Credit and Debit, each with its own advantages and features. The card is easy to get and use, and it is backed by the security and reliability of the Nexo platform. If you are looking for a way to borrow, earn, and spend cryptocurrencies, the Nexo card might be the perfect solution for you.

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