NexoNexo
65
Side-by-side card comparison
Nexo vs Ethena Pay: overall score versus use-case fit
Ethena Pay Card has the higher Overall Score by 21 points (86 vs 65). Nexo Card looks stronger for Travel and Transfers, while Ethena Pay Card comes out ahead for Cashback, Funds control, and Lowest fees.
Information checked Sep 1, 202625 official sources reviewed
01 · Overall score versus use-case fit
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. Nexo Card may be the better fit for Travel and Transfers. A score cannot tell you whether a provider will accept your application or whether every feature will be available where you live, so check the latest provider terms before signing up.
OverallNexo65Ethena Pay86Higher score
CashbackNexo41Ethena Pay89Higher score
TravelNexo65Ethena Pay64Higher score
Funds controlNexo52Ethena Pay86Higher score
Lowest feesNexo57Ethena Pay87Higher score
TransfersNexo91Ethena Pay82Higher score
Choose Nexo Card if travel and transfers matter most
Nexo Card comes out ahead for Travel and Transfers in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Choose debit spend or credit-line use
- No base monthly or annual card fee
- Virtual card works with phone wallets
Choose Ethena Pay Card if cashback and funds control matter most
Ethena Pay Card comes out ahead for Cashback, Funds control, and Lowest fees in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Strong Standard cashback bands
- No Standard monthly fee or FX markup
- Collateral stays in linked wallets
Where each card has the edge
The overall leader does not win every use case, so the reason you want the card matters here.
- Overall Score
- Nexo65Ethena Pay86
Ethena Pay Card has the higher Overall Score by 21 points.
- Entry cost & FX
- Nexo$0 plan · 0.2–2.5% FXEthena Pay$0 plan · 0% Ethena Pay markup; Visa rate applies FX
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0.2–2.5%).
- Purchase rewards
- Nexo0.5% base · up to 2%Ethena Pay4% base · up to 5%
Ethena Pay Card has the higher published base cashback rate (4% vs 0.5%).
- Funds control
- NexoCustodial balanceEthena PayHybrid custody
Nexo Card uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
- Everyday access
- NexoVirtual + Physical · Apple Pay, Google PayEthena PayVirtual · Apple Pay
Nexo Card lists more card formats and phone-wallet options (4 vs 2).
- Money movement
- Nexo2 stablecoins · Stablecoin transfers; Nexo account internal transfer; Nexo account bank withdrawalEthena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawal
Nexo Card lists more stablecoins and ways to send money out (5 vs 4).
02 · Read the shortlist
A closer look at the split decision
Start with the strengths that drive each use-case result, then test them against costs and access.
- Cashback
- 0.5%-2%
- Plan cost
- $0
- FX fee
- 0.2–2.5%
- ATM fee
- 0–2%; minimum 1.99 EUR/GBP
- Card formats
- Virtual, Physical
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 10 crypto · 1 fiat
- Payout methods
- 4 crypto · 3 fiat
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0% Ethena Pay markup; Visa rate applies
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 0 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
03 · Compare the details
See how the trade-offs line up
Comparable figures receive a marker; missing or unverified details stay visible instead of becoming an assumed advantage.
Best known Not disclosed
CardsNexo CardOverall65Ethena Pay CardOverall86
Nexo CardOverall65Ethena Pay CardOverall86Scores
6 fields- Overall Score
- Nexo Card65Ethena Pay Card86
- Cashback score
- Nexo Card41Ethena Pay Card89
- Travel score
- Nexo Card65Ethena Pay Card64
- Funds control score
- Nexo Card52Ethena Pay Card86
- Lowest fees score
- Nexo Card57Ethena Pay Card87
- Transfers score
- Nexo Card91Ethena Pay Card82
Strengths & trade-offs
2 fields- Strengths
- Nexo CardChoose debit spend or credit-line use, No base monthly or annual card feeEthena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markup
- Trade-offs
- Nexo CardSpending follows the Nexo account model, Credit Mode adds collateral riskEthena Pay CardCard access is still application-gated, One-day payment grace adds liquidation risk
Costs
7 fields- Plan cost
- Nexo Card$0Ethena Pay Card$0
- FX fee
- Nexo Card0.2–2.5%Ethena Pay Card0% Ethena Pay markup; Visa rate applies
- Top-up fee
- Nexo CardNot disclosedEthena Pay CardProvider collateral-funding fee unknown; external network gas is separate
- Card spending fee
- Nexo CardNot disclosedEthena Pay Card0%
- ATM fee
- Nexo Card0–2%; minimum 1.99 EUR/GBPEthena Pay CardNot available
- Virtual card
- Nexo CardAvailable from $50 account balanceEthena Pay CardUSD 0
- Physical card
- Nexo CardFree shipping; requires more than $5,000 account balance and at least Gold tierEthena Pay CardNot disclosed
Plans
2 fields- Available plans
- Nexo Card4 plans: Base, Silver, Gold, PlatinumEthena Pay Card3 plans: Standard, Pro, VIP
- Top cashback plan
- Nexo CardPlatinum: 2%Ethena Pay CardVIP: 5%
Everyday use
8 fields- Network
- Nexo CardMastercardEthena Pay CardVisa
- Card formats
- Nexo CardVirtual, PhysicalEthena Pay CardVirtual
- ATM withdrawals
- Nexo CardAvailableEthena Pay CardNot available
- Mobile wallets
- Nexo CardApple Pay, Google PayEthena Pay CardApple Pay
- Apps
- Nexo CardiOS, Android, WebEthena Pay CardiOS, Web
- Daily spending limit
- Nexo Card€10,000 / £9,000/day; €10,000 / £9,000/transactionEthena Pay CardDynamic, based on collateral market value
- Monthly spending limit
- Nexo Card€60,000 / £54,000/monthEthena Pay CardDynamic, based on collateral market value
- ATM limit
- Nexo Card€600 / £540/withdrawal; €2,000 / £1,800/day; €10,000 / £9,000/monthEthena Pay CardNot available
Funding & transfers
5 fields- Networks
- Nexo CardNot disclosedEthena Pay CardEthereum, Polygon, Optimism, Arbitrum
- Crypto deposits
- Nexo CardStablecoins: USDC, USDT; Other crypto: BTC, ETH, SOL, XRP, ADA +3Ethena Pay CardNot disclosed
- Fiat deposits
- Nexo CardNexo account bank depositEthena Pay CardNot disclosed
- Transfers
- Nexo CardStablecoin transfers; Nexo account internal transfer; Nexo account bank withdrawalEthena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal
- Payout currencies
- Nexo CardEUR, GBP, USDEthena Pay CardNot disclosed
Rewards
3 fields- Base cashback
- Nexo Card0.5%Ethena Pay Card4%
- Max cashback
- Nexo Card2%Ethena Pay Card5%
- Reward currency
- Nexo CardNEXO Tokens or BTC cashbackEthena Pay CardAVAX
Earn
5 fields- Advertised APY
- Nexo CardUp to 13% APYEthena Pay CardUp to 6% APY
- How it works
- Nexo CardEarn on spending balanceEthena Pay CardEarn on spending balance
- Separate deposit
- Nexo CardNot disclosedEthena Pay CardNo
- Use balance for spending
- Nexo CardYesEthena Pay CardYes
- Lock-up
- Nexo CardNoEthena Pay CardNo
Trust & availability
6 fields- Custody
- Nexo CardCustodialEthena Pay CardHybrid custody
- Control until payment
- Nexo CardProvider controls fundsEthena Pay CardYou keep control
- Card issuer
- Nexo CardDiPocket UABEthena Pay CardThird National
- Card processing
- Nexo CardNot disclosedEthena Pay CardSignify Holdings, Inc. d/b/a Rain
- Identity verification
- Nexo CardNot disclosedEthena Pay CardSumsub
- Programme operator
- Nexo CardNexo Services Sp. z o.o.Ethena Pay CardNot disclosed
Sources
2 fields- Official sources
- Nexo Card13Ethena Pay Card12
- Last reviewed
- Nexo CardAug 5, 2026Ethena Pay CardSep 1, 2026
04 · The trade-off
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 86 versus 65 for Nexo Card. Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0.2–2.5%). Ethena Pay Card has the higher published base cashback rate (4% vs 0.5%).
Nexo Card still comes out ahead for Travel and Transfers, which may matter more than the overall result if that is how you plan to use the card. Nexo Card uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
Nexo Card lists more stablecoins and ways to send money out (5 vs 4). Before applying, confirm availability in your country and recheck the provider's current fees and reward conditions.
If one card now looks like the better fit, you can check the latest application terms on the provider site or read our full Nexo Card and Ethena Pay Card reviews first.
Continue with
Nexo Card
Continue with
Ethena Pay Card
05 · Common questions
Nexo vs Ethena Pay FAQ
Is Nexo or Ethena Pay better overall?
Ethena Pay Card has the higher Overall Score (86 vs 65). That does not make it better for everyone: your preferred fees, rewards, way of holding funds and country availability can change the practical choice.
Which has lower fees, Nexo or Ethena Pay?
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0.2–2.5%). Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Nexo or Ethena Pay?
Ethena Pay Card has the higher published base cashback rate (4% vs 0.5%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Nexo and Ethena Pay differ on custody?
Nexo Card uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
How current is this Nexo vs Ethena Pay comparison?
The latest information check for these two cards was September 1, 2026, using 25 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.