Examining the Nexo, TenX and Monaco Cryptocurrency Credit Cards

The Top Cryptocurrency Credit Cards In The World

The cryptocurrency industry is slowly gaining adoption across the globe as institutional investors, governments and individual investors come on board. Transactions across the blockchain are not only instant and basically costless but also cryptographically secure. With all these advantages to its side however, the crypto field still lacks mainstream usability compared to the fiat currencies. The transactions on blockchain can also prove complex and slow on cryptos such as Bitcoin. This is set to change with the latest introduction of cryptocurrency based credit and debit cards that will ease transactions and increase adoption to crypto usage across the globe.

Debit cards in the industry are gaining footing with TokenPay, Litecoin and Dash releasing the crypto debit cards. In this article we focus on the most developed versions of crypto credit cards in the world today.

Why Have A Cryptocurrency Credit Card?

Cryptocurrency credit cards refers to a card that can be used at an ATM or any point of sale with the money derived from your blockchain wallet instead of the credit line in your account. The cryptographically coded wallet provides security to your funds while completing the transaction faster than conventional methods. Another advantage in crypto cards is the lack of foreign exchange risk, hence enabling the user to use the card in any country worldwide.

These credit cards are typically used in the same way as the traditional debit or credit card works. Once you make a purchase, the funds in your crypto wallet are exchanged to fiat currency and sent to the merchant or ATM. The process is done on the system instantly with the fees on the transaction charged at 1% of the transaction.

The market is filled with a load of companies offering the service such as TenX, Monaco, TokenCard and Nexo. For each of the cards mentioned below, we focus on the technology, fees and rewards of the cryptocurrency card.

Types Of Cryptocurrency Credit Cards


Monaco currently places second to TenX with the system developed on the Etereum smart contract platform with a mobile supported app and Visa branded processor. The company offers a total of 4 Monaco cards to choose from and can transact Bitcoin, Ethereum or the native Monaco tokens (MCO). The Midnight Blue, Ruby Steel, Precious Metal and Obsidian Black cryptocurrency credit cards require different amounts of MCO holdings in the first 6 months with the fees and rewards on each credit card varying too.


Image: Shutterstock

In the first 6 months, Midnight Blue card requires no holdings in your MCO wallet, Ruby Steel requires 50 MCO, Precious Metal 500 and Obsidian Black at 50,000 MCO tokens. The card does not have a monthly or annual fee but each card will be charged 2% ATM fee if the monthly limit is exceeded. The monthly limits vary from $200 for the Midnight Blue card to $1,000 for the Obsidian Black. The cards also charge a 1% fee every time you purchase crypto.

Finally, Monaco pays MCO token rewards to the cards with Midnight Blue gaining no rewards, Ruby Steel (1%), Precious Metal (1.5%) and Obsidian Black (2%). The Monaco cards are to be released later in the year in North America, Asia and Europe.



Currently boasts as the top cryptocurrency credit card provider by volume. TenX is the pioneer in the field and is built on the COMIT network–a multi-asset, off-chain routing protocol–that enables instant transactions.

Compared to the Monaco card, the fees associated with TenX card are cheaper with no token holding requirements. The physical card can be obtained at $15 USD per card with the virtual card (yet to be released) will be activated by $1.5 USD. The platform charges a $2.50 USD fee on ATM transactions and a $10 USD fee for transactions below $1000 USD annually.

The rewards are set at 1% of every purchase made by the user (paid in PAY tokens) with a further 0.5% of the total transaction volume on TenX paid out to users (paid in ETH). The service is enabled in any country accepting VISA payments except the U.S.


Image result for nexo crypto

Nexo is a different model to the two crypto cards mentioned above in that it allows users to have crypto-backed loans on their wallets. The company aims at delivering a fully automated, smooth experience and investor friendly financing to clients who own crypto but are against selling the digital asset. Through Nexo, investors can place their crypto holdings on Nexo crypto wallet and receive a loan on the amount placed in fiat.

“Enjoy your crypto wealth without selling it.”

As a first of its kind, Nexo allows users to pay interest only for what you use. There are reportedly no minimum repayments and no hidden fees. The money can directly be accessed through the Nexo Credit Card. The payment can also be done using fiat or other cryptocurrencies in the market.

The Nexo platform is powered by the ”Nexo Oracle system” with the company hoping to improve the overall lending and return process in more funds for lending, lower rates of lending and flexible repayment dates.

The cryptocurrency world is facing a revolution as more and more products are being developed in the industry. The introduction of credit cards in the crypto arena will see an increase in the global adoption of crypto payments due to ease of transaction and low fee payments.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide