Monetiro229 services on the ledger · last checked October 6, 2026
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$0.00/$100
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Krak Card

Krak Card

MastercardVirtual and plasticSince 2025
Asks for everythingOperational

Kraken's neobank Mastercard with 0% transaction fees, 0% FX markup, and up to 2% cashback (in BTC or local currency) — backed by a built-in UK/EEA bank account (sort code + IBAN via Banking Circle), so salary can land in Krak and be spent directly across 400+ crypto and fiat balances.

Total, per $100 spent: $0.00per $100 spent

It takes nothing at all. 173 of the 174 priced cards cost more. Among the 113 that ask for exactly as much identity, the median is $1.25.

Open kraken.comNot a paid link: we earn nothing either way.

Whether to take Krak Card

In its favour

  • Free issuance and zero monthly fees
  • 0% transaction fees on card purchases — no FX markup, Mastercard rate passed through
  • Up to 2% cashback (tiered by Krak/Kraken/Kraken Pro 30-day average balance) — paid in local currency or BTC
  • 400+ supported assets (crypto + fiat) — spend any balance you hold in the Krak Everyday account

Against it

  • Only available to residents of the UK and EEA — global rollout still pending
  • Kraken's main exchange has a low Trustpilot rating (~1.4/5) — separate from Krak app reviews
  • A spread is applied when crypto must be sold to settle a fiat transaction (no Kraken fee, but market spread)
  • Cashback tiers require holding meaningful balances on Krak/Kraken to reach 2% — entry tier is 0.5%

Also true, in its favour

  • Mastercard acceptance at 150M+ merchants worldwide; works at ATMs in 190+ countries
  • Apple Pay + Google Pay supported once card is approved
  • Both virtual (instant) and physical card available
  • UK Faster Payments + SEPA IBAN account included (UK sort code + DE-format IBAN via Banking Circle)
  • Backed by Kraken — large exchange with deep liquidity
  • No ATM fees from Krak (third-party ATM operator may charge)

What Krak Card costs

ChargeWhat it costs
To get the card
To issue the card$0.00
Monthly$0.00
To put money in
To load0%
To spend it
To spend0%
To spend outside the dollar0%
At a cash machine0% from Krak; third-party ATM operator fees may apply
Total, per $100 spent$0.00

Not published by the issuer: per payment, fixed.

Read off kraken.com on September 7, 2026.

Free to order, no monthly fee, 0% transaction fee, 0% FX (Mastercard wholesale rate). ATM withdrawals: no fee from Krak (third-party ATM operator fees may apply). Cashback is tiered (0.5% up to 2%) based on 30-day average balance across Krak/Kraken/Kraken Pro. A market spread applies when crypto must be sold at point of sale. Daily/weekly/monthly limits are region-specific and shown inside the Krak app. UK + EEA only as of April 2026.

KYC: what Krak Card asks for

Full verification: a document, a photograph of your face and proof of your address. The same file a bank opens on you, held by a company that is not a bank.

Asks nothing7 cards
An email18 cards
A light check — a name and a phone, unverified9 cards
A document102 cards
Everything — document, face, address114 cards

Limits on spending

Krak Card publishes no spending limits at all.

Where it works

WalletsApple Pay and Google Pay
Accepted whereOnline, in person, cash machines
Account detailsIts own account details
Coins in12BTC, ETH, SOL, USDT, USDC, DAI, LTC, XRP, DOGE, ADA, GBP, EUR
Chains3Bitcoin, Ethereum, Solana

Closed to residents of 15 countries, according to the issuer's own terms.

  • Australia
  • Belarus
  • Canada
  • China
  • Cuba
  • Iran
  • Japan
  • New Zealand
  • North Korea
  • Russia
  • South Sudan
  • Sudan
  • Syria
  • United States
  • Venezuela

The other flaws

  • Full KYC required (Kraken-grade ID + selfie verification)
  • Limits and full fee schedule are region-specific and only visible inside the Krak app
  • Not available to US residents despite Kraken being a US-headquartered exchange
  • Kraken separately launched a US-only Krak Card on 18 Aug 2026 (Visa via Lead Bank) — a different card programme from the Mastercard one described here; this listing covers the UK/EEA card only
  • Beta-style rollout — some 400+ assets listed are unavailable for card spending at launch

What has changed

1 recorded changes, the most recent on August 17, 2026. Each carries the page we read it on.

August 17, 2026New cardKraken launches a US Krak Card — a different product from the UK/EEA oneOn 18 August 2026, Kraken launched a Visa debit card for US residents (all states except New York, Maine, Massachusetts and Indiana), issued by Lead Bank and programme-managed by Stripe. This runs on Visa and is a separate programme from the existing UK/EEA Krak Card, which stays on Mastercard via Banking Circle.businesswire.com

How we checked this

Thirteen fields are tracked for every service. 11 of them carry a figure we read off kraken.com on September 7, 2026.

Issuer's page
Cost per $100 · Loading charge · Currency conversion · Per-payment charge · Issuance · Monthly · Cash machine charge · Apple Pay and Google Pay
Sign-up flow
Identity level
Live check
Operating status
Terms
Countries closed
The issuer does not publish
Spending limits · Maximum balance

Nothing here came from a press release, an affiliate sheet, or another comparison site.

Open kraken.comNot a paid link: we earn nothing either way.

Alternatives to Krak Card

Costs exactly the same.Bleap CardBleap CardMastercardVirtual and plasticAsks for everythingOperationalNothing at the door, nothing abroad, nothing monthly. One of 41 cards that cost nothing.AG7 Sept$0.00per $100 spent
Costs $1.20 more per $100 — the price of the difference.SafePal CardSafePal CardMastercardVirtual and plasticAsks for everythingOperationalFree to load. 1% outside the dollar, plus $0.20 fixed.AG21 Jul$1.20per $100 spent
Costs exactly the same.WhiteBirdWhiteBirdMastercardVirtual and plasticAsks for everythingOperationalNothing at the door, nothing abroad, nothing monthly. One of 41 cards that cost nothing.AG9 Sept$0.00per $100 spent