Yearly cost at three spending levels
| Monthly spend | CL Card | Nexo |
|---|---|---|
| $500 | -$142.15 Standard | ≤ -$24 Debit Mode or under $5,000 |
| $2,000 | -$322.15 Standard | ≤ -$96 Debit Mode or under $5,000 |
| $5,000 | -$682.15 Standard | ≤ -$240 Debit Mode or under $5,000 |
Net value per year: cashback minus conversion, FX, ATM and fixed fees. US dollars, 20% foreign spending, one $200 ATM withdrawal a month. The card cost calculator runs the same comparison with your own habits.
Where the money goes at $2,000 a month
| Line | CL Card Standard | Nexo Debit Mode or under $5,000 |
|---|---|---|
| Top-up and conversion fees | -$528 | Not disclosed |
| Spending fees | $0 | $0 |
| Foreign exchange markup | $0 | -$96 |
| ATM fees | -$34.15 | $0 |
| Annual, monthly and subscription fees | $0 | $0 |
| Cashback | +$240 | $0 |
| Net per year | -$322.15 | -$96 |
Fees
CL Card charges 2% to convert or top up and 0% on spending in a foreign currency. Nexo charges Not disclosed and 2%.
ATM withdrawals: CL Card €2.50; Nexo 2% + €1.99 after €200 free a month.
A virtual card costs nothing with CL Card and nothing with Nexo. A physical card costs an undisclosed fee and an undisclosed fee. Neither card has an annual fee on its base tier.
Cashback and rewards
CL Card cashback: 1% to 2%. Nexo cashback: 0% to 2%.
CL Card tiers: Standard: 1%; BXX rewards: 2%.
Nexo tiers: Debit Mode or under $5,000: 0%; Base: 0.5%, capped at $50 a month; Silver: 0.7%, capped at $100 a month; Gold: 1%, capped at $150 a month; Platinum: 2%, capped at $200 a month.
CL Card: Ledger's page says "1% cashback in BTC, USDC, or USDT" (BTC or USDC in the US, BTC or USDT elsewhere), claimed from the Loyalty program page. CL's own FAQ also offers 2% if you take the reward in Baanx's BXX token. Spending funded by the Cryptodraft credit line earns nothing. No spend or reward cap is published.
Nexo: Cashback applies only to Credit Mode purchases (spending borrowed against your crypto), never to Debit Mode. You need a portfolio of at least $5,000, and your Loyalty tier is set by the share of NEXO Tokens in your portfolio (Silver 1%, Gold 5%, Platinum 10%). Rates shown are for NEXO Token payouts; choosing BTC pays 0.1% to 0.5%. Monthly reward caps reset on the 1st.
Availability and KYC
CL Card is offered in 37 countries, including France, Germany, Ireland, Italy, Netherlands, Portugal, Spain, United Kingdom, United States and Canada. Ledger says "The CL Card is currently available in the EEA, the UK, the US, Canada, Switzerland, Colombia, Mexico, and Brazil." This file uses the EU fee schedule. You do not need a Ledger device to get the card.
Nexo is offered in 33 countries, including France, Germany, Ireland, Italy, Netherlands, Portugal, Spain, United Kingdom and Argentina. Nexo lists the EEA, Andorra, Monaco, the UK and Argentina "and other selected jurisdictions", so the list is not complete; the app's Check eligibility screen is final. Bulgaria is excluded because Nexo says its services are unavailable there. Personal accounts only. The card can be issued in EUR, GBP or USD. The DiPocket card terms cover EEA and UK residents only; the issuer for Argentina is not published.
CL Card needs full KYC and Nexo needs full KYC.
The card finder checks both cards against your country, KYC level and must-have features.
Limits, wallets and card types
CL Card does not publish fixed spending or ATM limits.
Nexo publishes a daily spending limit of €70,000, a monthly limit of €300,000 and ATM withdrawals of up to €2,000 a day.
CL Card works with Apple Pay and Google Pay, and Nexo works with Apple Pay and Google Pay. CL Card and Nexo issue a virtual card you can use straight away.
Custody and safety
CL Card scores 64/100. Licensing: issued by a bank or e-money institution regulated in a tier-one jurisdiction. The card is issued through UAB Monavate. No incidents or enforcement actions found in the last 36 months. Only money loaded to the card as e-money is safeguarded under e-money rules. Crypto deposited to the CL platform becomes Baanx's property, and Baanx's terms warn that "in the event that any of Us becomes insolvent ... You may not be able to have the full value of Your deposits restored". Baanx describes its crypto services as "not regulated financial services". We could not find a published proof-of-reserves report. We found no official enforcement actions against the card providers. Ledger's own past security incidents are not listed, because Ledger does not provide or hold funds for the card.
Nexo scores 63/100. Licensing: issued by a bank or e-money institution regulated in a tier-one jurisdiction. The card is issued through DiPocket UAB. 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. Card funds are not stored with DiPocket; Nexo settles each card transaction, and the card terms say DiPocket "does not issue electronic money to you". Nexo's real-time reserves attestation (Armanino from 2021, Moore Johannesburg from April 2023) no longer has a live page, and we found no dated reserves report for 2025 or 2026.
Full reports: CL Card safety check and Nexo safety check.
About each card
Ledger CL Card (Europe) is a custodial Visa card from Baanx (CL Card), card account by UAB Monavate. It tops up with BTC, ETH, USDT, USDC, LTC, XRP and SOL and its balance is held in EUR.
Nexo Card is a custodial Mastercard from Nexo Services Sp. z o.o. (Poland). It tops up with USDT, USDC, BTC and ETH and its balance is held in EUR.
Which card fits you
CL Card fits if
- You spend in foreign currencies often, since its FX markup is lower.
- Most of your spending is in your home currency, where its lower conversion fee counts most.
- You weigh licensing and fund segregation heavily, since it scores higher on our safety check.
Nexo fits if
- Its fees and availability match your situation better on the table above.
Read more: CL Card fees and details · Nexo fees and details