Krak Card is the most transparent crypto debit card in Europe right now: zero transaction fees, zero FX fees, zero ATM fees from Kraken's side, and up to 1% uncapped cashback paid in your choice of local fiat or Bitcoin. It supports 400+ crypto and fiat assets with real-time conversion at checkout and comes at the Mastercard World Elite tier for free. The main limitations are UK/EEA-only availability, a custodial model, and uncertainty around post-promo cashback tiers after March 31, 2026.
The Krak Card is a debit mastercard card linked to your Kraken account. You can spend stablecoins directly. Top up via bank_transfer, crypto, debit_card, apple_pay, then spend anywhere mastercard is accepted. Earn Up to 1% cashback on all eligible purchases, paid in GBP, EUR or Bitcoin at your choice. No monthly or annual cap. cashback on purchases.
Showing fees for Standard tier.
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Monthly Fee | $0 |
| Conversion Fee | 0% explicit Kraken conversion fee. A variable spread applies when spending across assets (typically 0.3–0.5% vs interbank rate for crypto-to-fiat). |
| Foreign Exchange Fee | 0% FX fee from Kraken. Transactions abroad use standard Mastercard exchange rates (which include a small network spread of ~0.2–0.4% vs interbank). |
| Top-up Fee | Free via bank transfer (SEPA/Faster Payments). 3.75% fee on instant card or mobile wallet deposits. |
| ATM Fee After Limit | 0% Kraken ATM fee. Third-party ATM operator fees may apply. |
Note: No explicit Kraken spread disclosed, but a variable spread applies on crypto-to-fiat conversion at point of sale. Fiat-to-fiat spending costs nothing. The spread is shown in-app before confirming any conversion.
Earn Up to 1% cashback on all eligible purchases, paid in GBP, EUR or Bitcoin at your choice. No monthly or annual cap. cashback on purchases. Rewards paid in GBP, EUR, BTC. Monthly cap: No cap — uncapped cashback on all eligible purchases..
Up to 3.6% APY on eligible balances automatically (UK only). Krak Vaults offer up to 10%+ APY via DeFi strategies (UK only, not EEA).
This tier is free to access — no staking, deposits, or spending requirements.
Free virtual and physical Mastercard World Elite debit card issued after KYC. Physical card available in two colours (orange or black), shipped for free. Virtual card can be added to Apple Pay instantly.
✓ Two-factor authentication. ✓ Instant card freeze. ✓ Biometric authentication. Custody model: custodial.
Licenses: Monavate Limited authorised by the UK FCA to issue e-money and provide payment services (FRN: 901097)., UAB Monavate authorised by the Bank of Lithuania to issue e-money (license #92) for EEA coverage., Payward Services Limited (Kraken UK) authorised by the FCA for e-money activities (FRN: 1010381)., Payward Ireland Limited regulated as E-Money Institution by the Central Bank of Ireland (MiCA CASP license)., Payward Ltd registered as a UK cryptoasset firm with the FCA (FRN: 928768).
Krak Card is issued by Monavate under FCA and Bank of Lithuania authorisations. Kraken holds a MiCA CASP license via the Central Bank of Ireland for EEA-wide regulated crypto services. Fiat balances are safeguarded in dedicated client money accounts per FCA rules, but are not covered by FSCS or equivalent deposit insurance schemes.
Top up your card with 400 cryptocurrencies. Fiat top-ups supported in EUR, GBP, USD.
Krak Card is available to verified residents of the UK and EEA countries only. Not available in the US, Asia, LATAM or other regions. Kraken has announced plans to expand to additional markets but no timeline has been confirmed.
End of the promotional flat 1% cashback rate for all cardholders. After this date, cashback tiers are determined by 30-day average balance across Krak, Kraken and Kraken Pro.
Source →Krak Metal Card introduced for users maintaining £/€50,000+ average balance, with stainless steel card and enhanced Concierge travel perks (up to 4% cashback on travel).
Source →Krak Card (Mastercard World Elite debit) launches in the UK and EEA with 1% cashback, zero fees, support for 400+ assets and physical/virtual formats.
Source →Introduction of Krak Vaults (DeFi yield, up to 10%+ APY) and salary deposit via IBAN for UK and EEA users.
Source →Kraken launches the Krak app — a global money app for instant P2P transfers, multi-currency management and crypto rewards — initially available in 130+ countries.
Source →Krak Card is the most transparent crypto debit card in Europe right now: zero transaction fees, zero FX fees, zero ATM fees from Kraken's side, and up to 1% uncapped cashback paid in your choice of local fiat or Bitcoin. It supports 400+ crypto and fiat assets with real-time conversion at checkout and comes at the Mastercard World Elite tier for free. The main limitations are UK/EEA-only availability, a custodial model, and uncertainty around post-promo cashback tiers after March 31, 2026.
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