Kraken Card Review 2026
Last reviewed · against issuer documentation
How this rating is calculated · Algorithmic score, not user reviews
Independently reviewed by Mihail B. · how we verify
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Card Overview
Kraken ships this card in two designs, Kraken Card and Krak Card, and they are one product: Kraken's own card FAQ says the design is the only difference, that both spend from the same Krak Everyday account, and that one rewards tier covers both. We listed them separately until 17 July 2026 and now count them once. Mastercard rails with 0% FX markup. The card pays up to 2% cashback in cash, BTC, or other crypto on every purchase, but the top rate plus the Stainless Steel Metal Card require €/£ 50,000 in combined assets across Krak, Kraken, and Kraken Pro. Lower tiers earn proportionally less, and the flat 1% promotional rate ended on 31 March 2026, so the balance ladder is what you get now. Kraken's own copy fights itself on that ladder: support lists five tiers starting at Starter 0%, the marketing page lists four, and the two cannot agree whether the €200 tier is called "Light" or "Lite". Geography is the real constraint: UK plus 30 EU/EEA countries only, with the US and rest of world locked out. The account inherits your Kraken KYC, so existing exchange users skip a step. ATM withdrawal is up to EUR 900/day with no Krak-side fee. Yield is never on the money you spend: Kraken Staking and Earn live in the linked exchange account, and Krak DeFi Vaults are advertised up to 3.6% APY with up to 10% on certain strategies, but you move funds out of the spendable balance to reach either. The real disclosure gap is the spread on crypto conversion at checkout; Kraken doesn't publish the exact rate. Best fit: UK or EU residents who travel inside Europe, already use Kraken, and can hold the asset balance needed for the top cashback tier. Wrong card if you wanted a published spread or transparent fee schedule.
Kraken Card is a Mastercard debit card from Kraken, spending 600+ cash and crypto balances from a shared Krak Everyday account across the UK and 30 EU/EEA countries. It carries no issuance, annual or FX fee, passes through the Mastercard rate, and pays up to 2% cashback on a five-tier ladder set by your balance, plus up to 6% on hotel bookings via Krak Concierge. Kraken ships it in two designs, Kraken Card and Krak Card, which are the same product on the same balance and the same rewards tier. The cost Kraken does not publish is the spread applied when crypto converts to fiat at checkout.
Estimate your annual cost with Kraken Card
Plug in how you actually use the card. We'll combine the Kraken Card's FX fee, cashback, and annual fee with your spending pattern to estimate your real annual cost.
Estimates only. Spreads on crypto-to-fiat conversion and promotional rates may differ. See the fees table below for exact card terms.
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% FX markup (Mastercard rate passed through per krak.app/legal/card-terms: "no Krak FX fees"); the undisclosed cost is the spread on crypto-to-fiat conversion at checkout |
| ATM Limit | EUR 900/day (no Krak-side fee; third-party ATM operators may charge) |
| Spending Limit | EUR 12,000/day |
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: Crypto or fiat moved from a Kraken account into the shared Krak Everyday balance (600+ spendable currencies per kraken.com/features/crypto-card)
- Available Countries: United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
Banking & Fiat Rails
IBAN yes (EUR via SEPA; GBP Faster Payments in UK); SWIFT not disclosed
Who issues the Kraken Card
The Kraken Card is issued by Monavate Limited + UAB Monavate, UK (FCA 901097) + Lithuania (Bank of Lithuania). The issuer is named verbatim in the card documentation. Kraken — UK + EEA; listed as Krak Card until 2026-07-17, merged after Kraken confirmed the two are one product. Old terms URL kraken.com/krak-card-terms now 301s here.
Primary source · All cards issued by Monavate Limited + UAB Monavate · Why the issuer matters
Supported Cryptocurrencies
You can load the Kraken Card with several cryptocurrencies. When you pay, the card converts crypto to local fiat automatically.
Networks & deposit details: Multi-chain via the Kraken/Krak app (600+ assets across native networks; Kraken support notes not all are card-spendable)
Supported assets: Crypto or fiat moved from a Kraken account into the shared Krak Everyday balance (600+ spendable currencies per kraken.com/features/crypto-card)
Who Is the Kraken Card Best For?
The Kraken Card is a good fit for holders who want their balance to keep earning while it sits on the card.
The Kraken Card pays up to 6% cashback on eligible purchases, so it works well as a daily spending card.
The card is currently available in UK, EU/EEA, so it works for residents and travellers in those areas.
Best for
- Frequent spenders who want to earn up to 6% 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 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
- 600+ spendable currencies; 0% FX markup; up to 2% cashback and up to 6% on hotel bookings; smart spend order auto-combines balances; salary deposits supported
- 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; conversion spread at checkout never published; custodial; top cashback tier needs EUR/GBP 50,000 in combined assets
- Only available in certain regions
- 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
A few minutesGo to the Kraken website or download the app. Sign up with your email, pick a password, and accept the terms.
Complete identity verification
Varies by issuerKraken runs standard KYC: a government-issued photo ID and usually a selfie. Processing time varies by issuer and load.
Fund your card
Usually instantLoad your card with Crypto or fiat moved from a Kraken account into the shared Krak Everyday balance (600+ spendable currencies per kraken.com/features/crypto-card) 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 the 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:
Common questions about the Kraken Card
What are the fees for the Kraken Card?
How does the Kraken Card cashback work?
Where is the Kraken Card available?
What are the Kraken Card's ATM and spending limits?
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