Nexo Card Review
The Nexo debit card is a highly anticipated Mastercard for which waitlist signups and existing customers have been waiting over a year. Despite missed targets, Nexo's impressive proven track record as a CeFi provider of crypto-backed loans makes for an interesting and unique offering as a debit card. The Nexo card promises to offer some existing features and we look forward to updating this Nexo card review once fully released.
8/10
(Expert Score)
Product is rated as #12 in category Crypto Cards
PROS:
- Receive an instant 2% cashback paid Bitcoin or Nexo tokens.
- Loan options to spend fiat instead of crypto.
- Free additional virtual cards.
- Instant settlement from crypto to fiat on purchases.
- No monthly or yearly fees.
- No foreign exchange fees.
CONS:
- Not yet available and has a long waitlist.
- Nexo has failed to verify in the past where they are legally incorporated, licensed and regulated.
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