UPDATE 22 January 2021: Please be advised that this card has not launched yet. The below information is what information we have been able to obtain about what the card will offer when launched.
To find an active crypto debit card that you can use today, please visit our Crypto Debit Card List to see what options there are.
Nexo Card Review
A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a cryptocurrency debit card, you can. This is a review of Nexo Card, one of the crypto debit cards out there.
Nexo Card is an interesting card that we at Cryptowisser.com are very excited about.
The card is a Mastercard, meaning that you can use the card at any point of payment that accepts Mastercard. This is of course a great advantage, seeing that Mastercard (and VISA) are the most accepted cards in the world. On the Nexo website, they state that the card is accepted by more than 40 million merchants worldwide.
The card has support for a number of different cryptocurrencies. Also, it supports the EUR fiat currency. The card in other continents support other fiat currencies as well.
Picture of Card
The following is a picture of the Nexo Card (the latest we have obtained):
Nexo Card Fees
We have not really been able to determine what the fees charged by this card are. Of course, it doesn't help that the card hasn't launched yet. As soon as it does launch, we will be sure to update this review with thorough information on its fees.
Nexo Card Cashback
The Nexo Card also offer something very interesting: a cashback feature. What is a cashback feature? Well, it's actually quite simple, every time you use the card, a percentage of what you pay with the card gets transferred back to you. Either in the form of NEXO Tokens, or as Bitcoin. You can choose yourself in which crypto you want your cashback to be paid out. a certain form you have selected. And the percentage is 2.00%!
Nexo Card Security
Nexo are very keen on informing how seriously they take their security. The Nexo company states that they are equipped with "military-grade 256-bit encryption". But not only that, they also proudly that they have "24/7/365 fraud monitoring mechanisms", all in order to ensure the safety of its users' funds.
We have a great feeling about the Nexo Card.
If this is the cryptocurrency debit card for you, congratulations. But if not, check out one of the other cards in our crypto debit card list.