UPDATE 9 August 2022: Nuri GmBH filed for insolvency on 9 August 2022. They have made clear on their website that this is due to market factors, and that the users' assets are safe. They express this with the following words:
We would like to inform you about an important development that does not affect our services, funds or investments with Nuri. Nevertheless it is of great importance to us to provide this update to you straight away: Due to the current challenging market developments and subsequent effects on financial markets on Nuri’s business development, we have filed for insolvency on Tuesday 9. August 2022. This step became necessary to ensure the safest path forward for all our customers.
What does this mean for you?
Let us reiterate the most important information for you: All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds and Nuri Pot investments which have been done with us. Your Euro deposits in the Bank Account, Bitcoin and Ether deposits in Wallets & Vaults, and the Nuri Pot investments are not affected by this situation. You have guaranteed access and will be able to deposit and withdraw all funds freely at any time. For the time being, nothing will change and Nuri’s app, product and services will continue to run.
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.
Nuri 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 Nuri Card, one of the crypto debit cards out there.
Nuri is Germany’s cryptocurrency flagship with the mission of building the bank to bridge traditional and blockchain-based finance. Based in Berlin, Nuri offers the world’s first all-in-one platform combining a regular bank account, Bitcoin and Etherem wallets, and seamless cryptocurrency trading. Their customers can easily buy and sell bitcoin (BTC) and ether (ETH) with fast cash settlement directly from their bank account, hosted by a German partner bank. Nuri’s investors include Earlybird, Sony Financial Ventures, coparion, Global Brain, High Tech Gründerfonds, ALSTIN Capital, and Digital Currency Group.
Nuri currently supports BTC and ETH. Living off your cryptocurrencies and gains you've made with ETH and BTC is now easy. Easily trade your coins into Euro and have the funds ready on your own bank account. Use your card as usual and transactions will be converted into EUR on your account and bank statement.
Nuri is a VISA-card, meaning that you can use the card at any point of payment that accepts VISA. This is of course a great advantage, seeing that VISA (and Mastercard) are the most accepted cards in the world.
US-investors may not use this card. So if you’re from the US and you’re looking for a crypto debit card, please refer to our Crypto Debit Card List to find one for you.
Nuri has support in two languages: German and English. But more languages will surely follow in the future.
Picture of Card
Nuri Interest Account
Nuri also has what they call the "Nuri Interest Account". Through this, you can receive up to 5% interest on Bitcoin you deposit. The three main benefits with this solution are (in addition to receiving interest of course):
- No lockup, you can add & withdraw anytime,
- Fast Liquidity: withdraw and convert to Euro within minutes, and
- Minimum investment of only €10 in BTC.
Nuri Bank Account
In addition to the interest account, Nuri also offer bank accounts. This bank account is hosted by SolarisBank and comes with a German IBAN-number. The following three things are particularly noteworthy with this bank account:
- Euro deposits up to €100,000 are protected by the German Deposit Guarantee Scheme,
- You can make standing orders and automatic payments for service subscriptions, and, finally,
- You can send and receive SEPA transactions.
Nuri Card Fees
Nuri Card’s fees are low.
There are no monthly fees at all. There are no issuance fees (by the way, this is quite unusual).
There are no fees for ATM-withdrawals either, if we have understood the information about this card correctly.
The most important fee of them all, however, is the commission on spending. Nuri Card has no such fees either!
In fact, the only fee Nuri charges is the fee for every BTC and ETH trade (buy/sell) within the Nuri account. This fee is 1.00% + the relevant network fee. The network fee, however, is fixed (and varies dependent upon the pressure on the BTC or ETH network from time to time) and is not a percentage of the trade amount.
To our knowledge, there is no maximum deposit limit.
If this is the crypto debit card for you, congrats! Sign up HERE.