Is Nexo Card Safe?
Nexo Card scores 63/100 on our safety check. Each factor below links to its source.
Safety score
63/100
Good
Keep only what you plan to spend on the card. Stablecoins remove price risk while funds wait. Spreading funds across two providers limits the damage if one freezes.
Issued by a bank or e-money institution regulated in a tier-one jurisdiction. Source
The provider holds your balance. Source
The issuer states that customer funds are held separately from company funds. Source
No proof of reserves is published. Source
2023-01-19: Nexo Capital Inc. agreed to pay a $22.5 million SEC penalty, plus $22.5 million to US state regulators, over its unregistered Earn Interest Product. 2026-01-14: California's DFPI fined Nexo Capital Inc. $500,000 for making loans to California residents without a lender licence and without checking their ability to repay. Source
Some fees are only shown in the app. Source
Runs on Mastercard. Source
Read more
Nexo Card fees, limits and cashback · Compare Nexo Card costs · How the score works
Sources
- Nexo Card: fees · checked September 28, 2026
- Nexo Card: availability · checked September 28, 2026
- Nexo Card: cashback · checked September 28, 2026
- Nexo Card: safety · checked September 28, 2026