Nexo
Crypto credit lines; rewards in credit mode.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from Nexo’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| AI | AI assistant as the interface |
| HQ | Zug, CH |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | MiCA CASP (EU) |
| License detail | EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance |
| Card | Visa/MC · Dual credit/debit |
| Cashback | Up to 2% (credit mode) |
| Yield | Earn (tiers) |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Countries | United Kingdom, European Union, Switzerland, Brazil, Mexico |
| Founders | Antoni Trenchev, Kosta Kantchev |
| Services | crypto on-ramp · crypto off-ramp · crypto-settled card · virtual cards |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @Nexo ↗
Common questions about Nexo
What is Nexo?
Nexo is a fiat-and-crypto neobank, headquartered in Zug, CH and founded in 2018. Your money is held custodially, so Nexo or its partner bank holds the balance and you hold a claim on it. It is regulated as a MiCA CASP (EU) (EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance).
Does Nexo have a card, and where can you use it?
It issues a Visa and Mastercard dual credit and debit card. It is available in 5 countries, across all 7 world regions tracked here.
Does Nexo require KYC?
Yes. Nexo requires identity verification (KYC) to open an account, as a mica casp (eu).
What does Nexo cost?
From the verified fields: cashback Up to 2% (credit mode); yield Earn (tiers). Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Nexo before relying on them.
Head-to-head
Peers
Revolut · Cash App · Mercado Pago · Mogo · Venmo · Robinhood
Nexo appears in
Neobanks authorised as crypto-asset service providers under MiCA (8) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks that issue a Visa card (182) · Neobanks that issue a Mastercard (150) · Neobanks in Switzerland (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.