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Kolo Card vs Nexo Card

Nexo Card scores higher on the G2M score: 63/100 against 46/100 (#13 and #25 of 26 cards). Pick Kolo Card for cashback, a lower FX fee and control of your funds; pick Nexo Card for more countries.

Kolo Card46

#25 of 26 · 1% to 2% back · annual fee none

Get KoloRead the review
Nexo Card63

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

Get NexoRead the review

The short answer

  • Nexo Card scores higher on the G2M score: 63/100 against 46/100 (#13 and #25 of 26 cards).
  • Kolo Card pays more cashback on its entry tier: 1% against 0.5%. Higher tiers go up to 2% on Kolo Card and 2% on Nexo Card.
  • Neither card has an annual fee.
  • Kolo Card charges less on foreign currency: a 1.4% FX fee against 2%.
  • Nexo Card is confirmed in more countries: 34 against 3, though neither publishes a full list. Of the markets we check for every card, only Kolo Card is confirmed in UAE, and only Nexo Card is confirmed in EU / EEA.
  • Kolo Card 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

Detail
Kolo Card
Nexo Card
G2M score
46
63 (better)
Base cashback
1% (better)
0.5%
Max cashback
2%
2%
Paid in
BTC, daily
NEXO or BTC
Annual fee
Free
Free
FX fee
1.4% (better)
2%
Top-up fee
0%
0%
Per-purchase fee
1%
None listed
ATM
USD card only: $1 + 0.65%, up to $500 a withdrawal and 3 a day, at contactless ATMs. No ATM access on the EUR card.
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
Debit
Varies by region
Custody
Self-custodial
Custodial
Formats
virtual
virtual, physical
Apple / Google Pay
Yes / Yes
Yes / Yes
India
Unclear
No
UAE
Yes
No
United States
Unclear
No
United Kingdom
Yes
Yes
EU / EEA
Unclear
Yes
Countries
60
34
Bank account (IBAN or account number)
No
In your name
Send money to a bank account
1 currency
3 currencies
Buy and sell crypto with fiat
Sell only
Buy and sell
Spend against crypto without selling
No
Yes
Yield on your balance
No
Yes
Tiers
Kolo Card
Base · Silver · Gold · Platinum
Perks
Visa Platinum benefits, claimed through Visa · Send crypto to any SEPA bank account · 2% for the first 30 days
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, Kolo Card or Nexo Card?

Nexo Card scores higher on the G2M score: 63/100 against 46/100 (#13 and #25 of 26 cards). Pick Kolo Card for cashback, a lower FX fee and control of your funds; pick Nexo Card for more countries. 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, Kolo Card or Nexo Card?

Neither card has an annual fee. Kolo Card charges less on foreign currency: a 1.4% FX fee against 2%.

Which pays more cashback, Kolo Card or Nexo Card?

Kolo Card pays more cashback on its entry tier: 1% against 0.5%. Higher tiers go up to 2% on Kolo Card and 2% on Nexo Card.

Which works in more countries, Kolo Card or Nexo Card?

Nexo Card is confirmed in more countries: 34 against 3, though neither publishes a full list. Of the markets we check for every card, only Kolo Card is confirmed in UAE, and only Nexo Card is confirmed in EU / EEA.

Who holds my funds with Kolo Card and Nexo Card?

Kolo Card 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.