Cashback, Tax Optimization, and Passive Yields
The Nexo Card radically transforms the daily use of cryptocurrencies. With its 2% cashback, unique tax optimization system, and attractive yields, it represents a comprehensive solution for crypto holders. Discover how to maximize your benefits while minimizing your costs.
The 2% cashback on all your expenses represents a considerable advantage in the current economic context. Concretely, this means you recover 2% on every purchase: your grocery shopping, fuel fill-ups, online purchases, and even your professional payments. Imagine getting 2% back on a $10,000 contribution - that's $200 in cashback! This effective 2% reduction on all your expenses acts as a shield against inflation, preserving your purchasing power over time.
One of the most innovative aspects of the Nexo Card lies in its tax optimization mechanism. Typically, converting cryptocurrencies to fiat is subject to taxation. However, Nexo has developed an ingenious system: when you use your card, your cryptos are not directly converted. Instead, Nexo creates an instant loan secured by your cryptos (used as collateral). You then settle this loan via the 'Repay' button, which means that technically, there is never a direct crypto-to-fiat conversion. This legal trick allows you to use your cryptos for your daily payments without triggering a taxable event.
On a $10,000 transaction with cryptocurrencies in profit:
- Without Nexo: $3,000 in taxes (30% flat tax)
- With Nexo: $0 in taxes + $200 cashback
Total savings: $3,200
The Nexo Card integrates perfectly into your daily life. Compatible with Apple Pay and Google Pay, it's accepted anywhere Mastercard is accepted. Whether it's for your supermarket shopping, online purchases, or your professional expenses, the card works exactly like a traditional bank card, but with all the crypto advantages on top. Payments are instant, and you can track your expenses and cashback in real-time in the Nexo app.
Beyond cashback, Nexo offers a particularly attractive staking solution. Flexible staking allows you to generate yields on your cryptocurrencies while keeping immediate access to your funds - no lock-up period! The yield rates are among the most competitive in the market, and even apply to some fiat currencies. It's the perfect opportunity to make your money work, whether in crypto or traditional currency, while maintaining total flexibility.
Nexo's lending system is particularly advantageous. By using your cryptos as collateral, you can instantly access liquidity without selling your assets. This approach is particularly interesting from a long-term investment perspective: you retain the potential for upside in your cryptos while having access to liquidity for your daily needs.
With over 2.5 million active users, Nexo has demonstrated its reliability over the years. The platform has successfully weathered several crypto bear markets and maintained its stability even during major turbulences like the fall of FTX. This resilience, combined with regular audits and strict regulatory compliance, makes it a safe choice for managing your digital assets.
The Nexo Card represents more than just a payment card - it's a comprehensive financial tool that allows you to optimize your cryptos tax-wise, generate cashback on all your expenses, and benefit from attractive yields. In a global context where crypto taxation can be constraining, this solution provides an elegant and effective response to use your cryptocurrencies in everyday life while maximizing your advantages.
Ilane Lopez
Founder / CTO
