A major hurdle preventing people from getting into cryptocurrency is the inconvenience of purchasing it. The Nexo team has been working on resolving this issue. The result is today’s release: you can now buy 18 different cryptocurrencies directly on the Nexo Exchange with your credit cards.
Check out Buy Crypto with Card:
- Visa & Mastercard: We accept Visa and Mastercard credit and debit cards.
- Instant execution: Upon making a purchase, your digital assets are instantly available to your Nexo Wallet.
- How: You can purchase crypto with your credit or debit card through the “Buy” tab in the web and app version of the Nexo Exchange.
- Eligibility: All Nexo users with Advanced Verification can use our Buy Crypto with Card feature. The direct buy functionality is not available to US citizens at the moment.
- Transactions: The minimum transaction limit is $50 and the maximum is $5000. You can buy up to $10,000 of assets per month.
- Fixed Prices: No price fluctuations, the price you see at checkout is what you pay.
- Currency: The available settlement currencies are USD, EUR and GBP but you can pay with a card in any currency. Once you select Credit/Debit card as your payment method, select your desired settlement currency via the “Pay with” option.
Quick Tip: Remember that your valid Visa or Mastercard must have the same legal names as the ones on your Nexo account for your purchases to be processed.
Settlement Currencies Explained
You can use any fiat currency to buy crypto with your card however, if this currency is different from USD, GBP, and EUR, the funds you’re paying with will be converted into one of our three available settlement currencies (USD, GBP, EUR). The conversion fee will be charged by your bank and will depend on their exchange rates. When buying crypto with your card, you can select the settlement currency that is best for you.
Card Details and Privacy
Your card details are securely processed via a third-party provider. As such, Nexo does not save any card details and we will require you to enter your details every time you use your card to buy crypto.
Withdrawing Funds to Your Bank Account
Have in mind that buying crypto with a credit or debit card is a separate feature from moving your funds to your bank account. Withdrawals to cards are not supported on Nexo. Should you wish to withdraw crypto or fiat currencies, you will need to request it via the Withdrawal screen of the desired asset in your Nexo Account.
What About Fees?
The fee for each card purchase is 1.49% for EU countries, and 3.49% for non-EU countries. When paying with a card, you will be able to see the exact processing fee you’ll be charged on the final Order Confirmation page before you complete each purchase. The amount shown on the Order Confirmation page is what you will be charged for the transaction; there are no further hidden fees to worry about.
Note: Your card issuer may charge additional fees for online card purchases and currency conversion. These fees are independent of Nexo’s fee and are outside our control.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
