Krak Card
by Kraken
- Monthly fee
- Free
- Card fee
- Free
- Top-up fee
- Not listed
- ID check
- ID verification
- Card
- Virtual + physical
- Phone pay
- Apple Pay, Google Pay
Our verdict
Krak Card lets UK and EU Kraken users spend from over 400 assets, with uncapped 1% cashback and no FX or transaction fees. The exchange behind it adds reliability, though the top cashback tier needs a large balance.
What we like
- +Unlimited 1% cashback in fiat or Bitcoin
- +Spend from 400+ crypto and fiat assets
- +No transaction or FX fees anywhere
- +Free physical card delivery in orange or black
- +Up to 4% cashback on travel through Krak Concierge
Watch out for
- −Available only in the UK and EU for now
- −Top cashback tier requires £/€50,000 in assets
- −Variable spread on asset conversions
- −Spending crypto creates taxable events
- −Still a newer product from an established exchange
8.4/10
Editor score
Good
Lv 3
KYC Level
ID verification
Global
Availability
3 countries excluded
Card Overview
Rewards
- Cashback
- 1%
- Cashback Crypto
- BTC
- Staking Rewards
- No
- Staking APR
- None
- Welcome Bonus
- None
- Referral Bonus
- None
Fees
- Monthly Fee
- Free
- Card Issuance
- Free
- ATM Fee
- Free
- FX Fee
- Free
- Top-up Fee
- Not listed
- Decline Fee
- Not listed
Limits
- Daily Spend
- Unlimited
- Monthly Spend
- Unlimited
- ATM Withdrawal
- Unlimited
Card Info
- Card Type
- Physical Card, Virtual Card
- Card Network
- Mastercard
- Apple Pay
- Google Pay
KYC Requirements
Level: ID verification
- ✓Email verificationRequired
- ✓Phone verificationRequired
- ✓Identity documentRequired
- ✕Proof of addressNot Required
- ✕Selfie verificationNot Required
Community Sentiment
Community Score
7.0/10
Sourced from
Launched in November 2025, the Krak Card is a custodial Mastercard debit card for the UK and EEA that converts from 400+ assets at the point of sale. Its Spend Order feature, which sets the sequence in which assets are sold, is the most cited strength. Cashback of up to 1% is tiered by 30-day average balance, and the metal card needs €50,000 or more. Fees are low, with no FX markup, no monthly or annual fees and free ATM withdrawals, though users note hidden spreads on conversion and high network withdrawal fees on small amounts. KYC is usually fast, but Source of Wealth checks frustrate long-term users. The app is clean and supports Apple and Google Pay, but lags on budget phones and is separate from the main Kraken app. Support is the biggest weakness, with chat waits of 6 to 14 hours or more. Some dislike behavioral tracking, and US users are shut out.
Category Breakdown
Features
Supported Cryptocurrencies
Similar cards
Frequently asked questions
Does the Krak Card require KYC?
Yes. Kraken asks for id verification before issuing the card. A government ID is checked, usually alongside email and phone.
What fees does the Krak Card charge?
The card has a monthly fee of free, an issuance fee of free, an FX fee of free. See the fee table above for ATM and decline fees.
Does the Krak Card work with Apple Pay and Google Pay?
Apple Pay is supported and Google Pay is supported, according to the issuer.
Which countries can get the Krak Card?
It is available in most countries, except China, Russia, United States.
Which cryptocurrencies does the Krak Card support?
The issuer does not list supported assets.
Last updated August 19, 2026, verified August 6, 2026. Issuer of this card? Get your rating badge.