How to Spend the Value of Your Crypto Without Selling It?

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One of the reasons why crypto isn’t utilized for daily transactions is because it has to be converted back to fiat money every time. This is why crypto has not yet achieved widespread popularity. Fortunately, constant innovations are occurring in the crypto industry. And now, with Nexo’s crypto card, it is possible to spend cryptocurrency on the go without having to sell it.

Nexo is one of the world’s largest and most trusted digital finance companies. Using their Nexo card, you may earn 2% in cryptocurrency rewards on all purchases. In addition, it is incredibly simple to use, so you don’t have to sell your crypto assets every time you want to buy something.

What Is The Nexo Card?

The Nexo Card is an extension of their Instant Crypto Credit Lines, enabling users to make regular transactions without having to sell their precious crypto. Investors may use up to 90% of the cash value of their crypto assets using the Nexo card. The card is connected to a crypto-backed credit line and is accepted by 92 million retailers globally that accept Mastercard.

As long as a user has an active credit line, there are no limits on how much money he or she may use. Users with a loan-to-value ratio of 20% or less pay no interest at all. You can connect the Nexo Card to an Apple Pay or Google Pay account, which can be done easily. Using the card as a credit card, you may buy products using your crypto as collateral.

The Nexo Card has no monthly, yearly, or inactivity fees. Furthermore, there are no ATM withdrawal fees. There is an interest rate associated with the credit card you are using. However, the rate is set by your loyalty tier with Nexo. In addition, there is no monthly minimum purchase requirement. Moreover, you may settle your debt through the Nexo app using any of the numerous supported cryptocurrencies.

How To Get A Nexo Card?

Obtaining a Nexo Card is simple. To get your own Card, just complete all of the steps outlined in the following section. Because it is simpler to attach an Apple Pay or Google Pay account to a mobile device, we will do this tutorial on our smartphones. Make sure you install the Nexo app on any of your devices.

Step 1: Create A Nexo Account

Like every other platform, Nexo requires you to create an account before you can begin using it. Since Nexo’s user interface is so simple and easy to use, this shouldn’t be too hard to do.

Navigate to the Nexo website and click “Create Account” in the upper right-hand corner. After that, enter your details and check you’ve completed the captcha and email validation. Your Nexo account should now be active. Additionally, before continuing, confirm that your identity has been verified.

Step 2: Activate Your Nexo Card

To activate your Nexo Card you need a balance of at least $50 in your account. Click the card section in the bottom toolbar of the Nexo app, and afterward click “Activate.” Then, link your newly generated virtual card to Apple or Google Pay. You have successfully generated a virtual Nexo Card and are ready to make your first transaction.

Additionally, if you wish to view your card’s details, you may do so on the card tab. There, you may view your card details and transaction history, display and change your PIN, modify your card’s settings, and freeze and unfreeze your card in case of an emergency.

Step 3: Modify Your Nexo card

You must first modify your Nexo card before spending your money at the next luxury store. To do so, navigate to the card tab on your mobile app. After doing so, click on “Card Settings” to view your cashback type, limit, fees, and additional information. To select your cashback type, simply click on it and select your preferred asset. Cashback types are available in Bitcoin or NEXO tokens. 

To order a physical card, navigate to the card area of your mobile application and swipe left. Click “Order Nexo Card” and follow the on-screen instructions. It will take around two weeks for the card to arrive, however, this duration may vary depending on your location. Once the card arrives, you will be required to authenticate it using your mobile app.

How Does The Nexo Card Work?

Nexo allows you to borrow fiat money or stablecoins without a credit check. Rates begin at 0%, and you are not required to sell your cryptocurrency.

A credit line is a term for the amount borrowed. It is possible to borrow between $50 and $2 million. Whenever you make a purchase, you instantly get cash through Nexo’s credit lines with APRs as low as 0%, depending on your loyalty tier. Because there is no minimum monthly payment with the Nexo Card, you may pay it back whenever you like.

Frequently Asked Questions (FAQ)

Where Can I Use The Nexo Card?

The card may be used everywhere in the EEA where Mastercard is accepted.

Is The Nexo Card Worth It?

Giving Nexo’s cards a try is undoubtedly worth it, especially with rates beginning at 0% and the fact that you will not be required to sell your cryptocurrencies. Furthermore, the Nexo card application process is a breeze.


  • Nexo has unveiled its Nexo Card with Mastercard’s help. It lets users use cryptocurrency without selling it. 
  • For new investors, obtaining this card is a straightforward process.
  • With Nexo’s credit lines, you can get cashback on purchases with APRs as low as 0%.
  • There are no restrictions on how much money a user may use as long as he or she has an active credit line.
  • The card is available throughout the EEA (European Economic Area).
  • To use the virtual card, you must first link it to an Apple Pay or Google Pay account, which is simple to do.
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