Kraken Card Review 2026
Reviewed: · against issuer documentation
How this rating is calculated · Algorithmic score, not user reviews
onTrustpilot(6218 reviews)Independently reviewed by Mihail B. · how we verify
Get Kraken CardCard Overview
Kraken Card (Krak Card) empowers UK and European users to spend from 400+ cryptocurrencies with intelligent asset management, set your spend order priority and automatically combine multiple balances if one asset doesn't cover a purchase. Earn 1% cashback in Bitcoin or your local currency on every transaction, with zero monthly or annual fees and integration with your Kraken exchange account. Launched ahead of Kraken's planned IPO, this Mastercard debit card converts crypto to fiat instantly at checkout, perfect for active traders who want direct access to their diverse portfolio for everyday spending across millions of merchants.
Sweepbase verdict: Kraken Card earns its ranking here for its 1% cashback rewards and zero upfront and ongoing fees, making it a good match for active spenders looking to earn crypto rewards on everyday purchases. The main thing to weigh is limited geographic availability.
This is a Mastercard crypto card. It offers cashback rewards. Available in Europe. Available in the UK.
Fees & Limits
| Issuance Fee | Free |
|---|---|
| Annual Fee | Free |
| FX Fee | 0% transaction fees, 0% FX fees, 0% annual fee. Spread on crypto conversion at checkout. |
| ATM Limit | Free from Kraken; limits vary by region |
| Spending Limit | Based on account verification |
These figures can change. Confirm the current fees, FX and network in Kraken’s official terms before you apply.
Features
- Card Type: Virtual + Physical
- Top up with: 400+ crypto assets from Kraken account including BTC, ETH, SOL, stablecoins
- Available Countries: United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway (UK via Monavate FCA; EEA via Monavate UAB MiCAR Lithuania)
Banking & Fiat Rails
IBAN yes (EU/UK via Krak); SEPA yes; SWIFT not disclosed
Supported Cryptocurrencies
You can load the Kraken Card with 3 cryptocurrency tokens. When you pay, the card converts crypto to local fiat automatically.
Networks & deposit details: Multi-chain via Kraken/Krak app (BTC, ETH, SOL, and 400+ assets across native networks)
Who Is the Kraken Card Best For?
The Kraken Card is a good fit for crypto holders who want a simple way to spend their coins without managing wallets by hand.
The Kraken Card pays Up to 2% cashback (balance-tiered: Starter 0% <€200, Light 0.5% €200+, Pro 1% €1K+, Elite 1.5% €10K+, Max 2% €50K+). Promo 1% flat ended March 31, 2026. Rebranded as Krak Card. cashback on eligible purchases, so it works well as a daily spending card.
The card is currently available in UK and EU only, so it works for residents and travellers in those areas.
Best for
- Frequent spenders who want to earn Up to 2% cashback (balance-tiered: Starter 0% <€200, Light 0.5% €200+, Pro 1% €1K+, Elite 1.5% €10K+, Max 2% €50K+). Promo 1% flat ended March 31, 2026. Rebranded as Krak Card. cashback
- People who want a straightforward, app-managed crypto card
- European users within EEA countries
- Budget-minded users (no issuance or annual fee)
Avoid if
- You need full non-custodial control of your funds
- You're a US resident (this card doesn't support US users)
- You need traditional bank integration (IBAN, SEPA, direct debits)
- You want a card backed by government deposit insurance (FDIC / FSCS)
Compare the Kraken Card side-by-side with alternatives using the full card listing or explore our Mastercard crypto cards category.
Pros & Cons
Pros
- 400+ crypto asset support; 1% BTC cashback; smart spending order; auto-combine multiple assets for purchases
- No card issuance fee
- No annual maintenance fee
- Works wherever Mastercard is accepted worldwide
- Covers the European Economic Area (EEA)
- Virtual card ready right away, no shipping wait
Cons
- UK/EU only; spread fees on conversions not transparent; custodial model; limited availability ahead of Kraken IPO
- Only available in certain regions
- Requires KYC identity verification
- Full KYC required, no anonymous tier
How to Get the Kraken Card
Here is what the sign-up process looks like, from application to first purchase.
Create a Kraken account
~5 minutesGo to the Kraken website or download the app. Sign up with your email, pick a password, and accept the terms. It's free.
Complete KYC verification
1–3 business daysUpload a government-issued photo ID (passport or national ID) and take a selfie. Kraken verifies your identity under standard AML/KYC rules.
Fund your card
Usually instantOnce verified, load your card with 400+ crypto assets from Kraken account including BTC, ETH, SOL, stablecoins through the funding screen. When you make a purchase, your crypto converts to local fiat at the current rate.
Start spending immediately
InstantYour virtual Kraken Card shows up in the Kraken app right away. Use it online or add it to Apple Pay / Google Pay for tap-to-pay in stores.
Requirements
Regional Availability
Available Across the EEA
The Kraken Card covers all 27 EU member states plus Iceland, Liechtenstein, and Norway. If you're in the UK, check with the issuer about post-Brexit availability.
Key supported countries:
Frequently Asked Questions
Similar Cards Worth Comparing
