[ head to head ]

Ethena Pay vs Nexo Card

Ethena Pay scores higher on the G2M score: 83/100 against 63/100 (#1 and #13 of 26 cards). Ethena Pay also comes out ahead on cashback, a lower FX fee, more countries and control of your funds.

Ethena Pay83

#1 of 26 · 4% to 5% back · annual fee none

Get Ethena Read the review

Nexo Card63

#13 of 26 · 0.5% to 2% back · annual fee none

Get Nexo Read the review

The short answer

Ethena Pay scores higher on the G2M score: 83/100 against 63/100 (#1 and #13 of 26 cards).
Ethena Pay pays more cashback on its entry tier: 4% against 0.5%. Higher tiers go up to 5% on Ethena Pay and 2% on Nexo Card.
Neither card has an annual fee.
Ethena Pay charges less on foreign currency: a 1% FX fee against 2%.
Ethena Pay lists 48 countries where it works; Nexo Card does not publish a full country list (34 confirmed so far). Of the markets we check for every card, only Ethena Pay is confirmed in UAE, and only Nexo Card is confirmed in United Kingdom and EU / EEA.
Ethena Pay is self-custodial; Nexo Card is custodial.

Want the answer for your own spending, or the next tier up of each? See what each keeps you a year or pick tiers and add a third card.

Side by side

Ethena Pay

Nexo Card

G2M score

Base cashback

0.5%

Max cashback

Paid in

AVAX, daily

NEXO or BTC

Annual fee

Free

FX fee

Top-up fee

Per-purchase fee

None listed

ATM

$1 + 0.65% per withdrawal

Free up to $150 (Base), $300 (Silver), $600 (Gold) or $2,000 (Platinum) a month, then 2% (min $1.99)

Network

Visa

Mastercard

Card type

Spend

Varies by region

Custody

Self-custodial

Custodial

Formats

virtual

virtual, physical

Apple / Google Pay

Yes / Yes

India

UAE

Yes

United States

United Kingdom

Yes

EU / EEA

Yes

Countries

Bank account (IBAN or account number)

In your name

Send money to a bank account

Not confirmed

3 currencies

Buy and sell crypto with fiat

Buy and sell

Spend against crypto without selling

Yes

Yield on your balance

Yes

Tiers

Standard · Pro · VIP

Base · Silver · Gold · Platinum

Perks

Works on Arbitrum, Ethereum, Optimism and Polygon · 5% a year on your balance, up to $5,000, paid daily in USDe · 6% a year on your balance, up to $100,000, paid daily in USDe · 6% a year on your balance, up to $1,000,000, paid daily in USDe

Credit mode: spend without selling your crypto · Personal EUR IBAN, GBP and USD accounts · Free ATM withdrawals up to $150 a month · Free ATM withdrawals up to $300 a month · Free ATM withdrawals up to $600 a month

Highlighted values are the better of the two. “Not published” means the issuer does not state it. Card data last checked 25 Oct 2026; see each card's review for its sources.

Questions

Which is better, Ethena Pay or Nexo Card?

Ethena Pay scores higher on the G2M score: 83/100 against 63/100 (#1 and #13 of 26 cards). Ethena Pay also comes out ahead on cashback, a lower FX fee, more countries and control of your funds. The better card for you depends on where you live and how you spend; the G2M calculator works it out for your own spending.

Which has lower fees, Ethena Pay or Nexo Card?

Neither card has an annual fee. Ethena Pay charges less on foreign currency: a 1% FX fee against 2%.

Which pays more cashback, Ethena Pay or Nexo Card?

Ethena Pay pays more cashback on its entry tier: 4% against 0.5%. Higher tiers go up to 5% on Ethena Pay and 2% on Nexo Card.

Which works in more countries, Ethena Pay or Nexo Card?

Ethena Pay lists 48 countries where it works; Nexo Card does not publish a full country list (34 confirmed so far). Of the markets we check for every card, only Ethena Pay is confirmed in UAE, and only Nexo Card is confirmed in United Kingdom and EU / EEA.

Who holds my funds with Ethena Pay and Nexo Card?

Ethena Pay is self-custodial; Nexo Card is custodial.

More comparisons

Scores use the same rules for every card (how the score works). Referral links never change a score or rank. Not financial advice.