Crypto card — spend without taxes

The problem: every sale triggers a tax bill

When you sell SOLSOLSolana's native token. Used to pay gas and as collateral.Read the lesson → or ETH for euros, that's a realized gain. In Lithuania, you owe 15% GPMGPMGPM — Lithuanian personal income tax; 15% on realised crypto gains.Read the lesson → (Gyventojų pajamų mokestis — personal income tax) on it.

Example: you bought SOLSOLSolana's native token. Used to pay gas and as collateral.Read the lesson → for 1,000 EUR, and it's now worth 3,000 EUR. You want 500 EUR for groceries.

How this works with a Nexo card

Once you understand this mechanism, you can fund everyday expenses without selling a single coin — that is, use crypto as a living asset, not just something you'll eventually "cash out" someday.

What is a Nexo card?

NexoNexoA centralized exchange (CEX) for buying crypto with euros. Custodial — the exchange holds the keys.Read the lesson → offers a Mastercard crypto card that works like this:

1. Hold crypto (SOLSOLSolana's native token. Used to pay gas and as collateral.Read the lesson →, ETH, BTC) in your NexoNexoA centralized exchange (CEX) for buying crypto with euros. Custodial — the exchange holds the keys.Read the lesson → account
2. The crypto becomes collateral (an asset that backs a loan)
3. When you pay with the card — NexoNexoA centralized exchange (CEX) for buying crypto with euros. Custodial — the exchange holds the keys.Read the lesson → automatically lends you EUR
4. You don't pay GPM, because it's a loan, not a sale
5. The debt accrues interest (~6-13% per year)
6. Whenever you want, you repay the debt by selling part of your crypto (note: that sale IS a taxable event) or from other income

Step by step

The numbers: card vs. selling

Say you hold 10 SOLSOLSolana's native token. Used to pay gas and as collateral.Read the lesson → (worth ~$1,500 = ~1,400 EUR). Your purchase price was 500 EUR. You want 200 EUR.

Option A: Sell

Portion sold: 200/1400 = 14.3% of the portfolio
Profit on that portion: 200 - (500 × 0.143) = 200 - 71.5 = 128.5 EUR
GPM 15%: 19.3 EUR
You receive: 200 - 19.3 = 180.7 EUR
SOL remaining: 8.57 SOL

Option B: Nexo card (loan)

You borrow: 200 EUR
GPM: 0 EUR (it's a loan, not a sale)
Interest per year (~8%): 16 EUR
You receive: 200 EUR
SOL remaining: 10 SOL (still the full amount!)

The risks you control

LTV and liquidation

Just like with KaminoKaminoSolana lending protocol. In our strategy: SOL collateral to a USDC loan.Read the lesson → or AaveAaveEthereum lending protocol (v3). In our strategy: ETH collateral to a USDC loan.Read the lesson → — if the crypto price drops, LTVLTVLoan-to-Value — the ratio of debt to collateral value. LTV 30% is considered safe. LTV 71%+ triggers liquidation.Read the lesson → rises. Your job is simple: know which band you're in, and act before you reach the red zone.

Interest

NexoNexoA centralized exchange (CEX) for buying crypto with euros. Custodial — the exchange holds the keys.Read the lesson →'s interest rate depends on your "Loyalty Level":

Recommended: Gold or Platinum — the interest rate is significantly lower.

A practical scenario: everyday expenses from crypto

Portfolio: 50 SOL (~$7,500 = ~7,000 EUR)
Purchase price: 3,000 EUR
Unrealized profit: 4,000 EUR

Everyday expenses via the Nexo card: ~300 EUR/month

Over a year:
- Debt accrued: 3,600 EUR
- LTV: 3,600 / 7,000 = 51% — already above the recommended 50% limit (see the table above):
  time to repay part of the debt or add more collateral
- Interest (8.9%): the debt builds up gradually, so in the first year it's ~160 EUR
  (average debt ~1,800 EUR)
- GPM, if you'd raised the same amount by selling: 3,600 × (4,000/7,000) × 15% ≈ 310 EUR

Savings vs. selling: ~150 EUR per year + you keep all 50 SOL

When to use the card, and when to sell

Alternatives to the Nexo card

Summary