BitPay
est. 2011
The original crypto payments company — invoices, cards and merchant rails since 2011.
Spend & Earn
paymentsinvoicing
View profile
Spend & Earn
Fact-checked 2026-08-14
Nexo
Established 2018
Earn interest on idle crypto or borrow against it — the CeFi yield-and-credit platform.
Nexo pays interest on crypto deposits, lets you borrow fiat or stablecoins against your holdings without selling, and issues a card with cashback. It pioneered the 'bank for crypto' model — with the counterparty risk that entails, as the 2022 lending-sector collapses made painfully clear.
Quick facts
Founded
2018
Category
Spend & Earn
Platforms
Web, iOS, Android
Key facts
Yield accounts, Crypto-backed loans, KYC required
Pros
- Real yield on idle assets
- Borrow against holdings without selling (no taxable sale in many cases)
- Card and exchange features round it out
Cons
- CeFi yield means custodial risk — remember 2022
- Rates and availability vary sharply by region
- Not available to US retail for interest products
Best for
Yield-hunters who understand custodial risk
Fees
No deposit fees; loan rates and card fees vary by loyalty tier.
Security notes
Custodial platform — 'not your keys' applies fully. Size positions accordingly and read the withdrawal terms.
interestlendingcard
Frequently asked questions
What is Nexo?
Nexo is Earn interest on idle crypto or borrow against it — the CeFi yield-and-credit platform. Nexo pays interest on crypto deposits, lets you borrow fiat or stablecoins against your holdings without selling, and issues a card with cashback. It pioneered the 'bank for crypto' model — with the counterparty risk that entails, as the 2022 lending-sector collapses made painfully clear.
Is Nexo safe to use?
Custodial platform — 'not your keys' applies fully. Size positions accordingly and read the withdrawal terms. As always, verify details on the official site before trusting funds to any service.
How much does Nexo cost?
No deposit fees; loan rates and card fees vary by loyalty tier. Figures change — confirm current pricing on the official site before deciding.
