Kraken Card (Krak Card)
Kraken
- Cashback
- Up to 2%
- Monthly fee
- $0 (official: 'pay zero fees'; no monthly fee stated)
- FX / conversion
- Not separately published — Kraken markets the card as 'pay zero fees' and 'transact in 600+ currencies'. Exact FX markup not published.
- Issuance
- $0 (official: 'pay zero fees'; no separate issuance fee stated)
- Card type
- virtual + physical
Eligibility & KYC — who can get it
◐ Issued only in selected regionsIssued to residents / citizens of:
Also excluded / paused:
Issuer’s markets: United Kingdom and EEA only (allowlist). The card itself can be used online, in-store and at ATMs across 190+ countries wherever Mastercard is accepted, and can transact in 600+ currencies.
Where you can pay
✓ Worldwide — anywhere Mastercard is acceptedOfficial krak.app/card: "The Krak Card is a Mastercard debit card that lets you spend directly from your Krak Everyday account balance, anywhere Mastercard is accepted – online, in-store, and at ATMs in over 190 countries worldwide." Issuance is UK/EU-only, but that is an eligibility limit, not a spending limit.
Cashback details
Official support page: 'Earn up to 2% cashback on eligible purchases.' The payout asset is not named on the card page; cashback is payable in Bitcoin, EUR or GBP, paid out weekly.
Spend from
Spend crypto and cash from your Krak Everyday account balance. Kraken states support for '600+ currencies' (crypto + cash); the specific list of spendable crypto assets is not published.
Verification procedure
Verified personal Kraken account required (government ID + standard Kraken verification). Individual clients only — business accounts excluded. Krak app uses the same Kraken login (no new account / no new verification).
AI subscriptions
Virtual Mastercard works for online subscriptions. UK/EEA only.
Good to know
Available in virtual AND physical formats. Virtual card is non-disposable (long-term use), limited to 3 virtual cards per rolling 30-day period; physical card requires completing virtual card setup first (no phone number required for shipping). Choose your card design in the Kraken app. Apple Pay & Google Pay with 1-click. 'Zero fees' positioning. Spends from the Krak Everyday account balance (crypto + cash). A metal card is now available (requires ~€50,000 average assets across Krak/Kraken/Kraken Pro) with up to 4% boosted travel cashback via Krak Concierge; balances earn 3.6% APY. NOTE: a crypto-spending debit card backed by your Kraken balance, not a fiat card with crypto rewards.
