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Crypto Card Review

Krak Card Review 2026: Is It Worth It?

8.0/10

Reviewed by Daniyal RehmanLead Card AnalystVerified 04 July 2026

CashbackPhysical cardApple PayGoogle PayCustodial

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Overview

The Krak Card is a premium crypto debit card launched by the Kraken exchange group, serving as a pillar of their unified global money application. Operating as a custodial Mastercard, the card empowers users to instantly spend from a pool of over 400 digital assets and fiat currencies at over 110 million merchants globally, liquidating crypto dynamically at the point of sale based on a user-defined preference list.

★ Krak Card referral code

ZESHAN

Using Krak Card's referral code at sign-up may unlock a welcome perk where the provider offers one. Availability and amounts are set by Krak Card and vary by region — check their site for current terms.

Rating breakdown

How the Krak Card scores across the categories we weigh into its overall 8.0/10.

Fees9.8

Rewards8.2

Custody8.0

Usability9.0

Features8.5

Cashback & rewards

Rewards are paid out monthly in the user's choice of Euros, British Pounds, or Bitcoin, making it highly flexible. A base tier provides 1.0% back on standard spending, while premium tiers offer up to 2.0% on general spending and up to 4.0% on travel via the app's bespoke concierge service.

Tier	Requirement	Cashback	Monthly cap
Base Tier	Standard User	1.0%	£250 per month
Metal Tier	£/€50,000 Average 30-Day Asset Balance	2.0%	£250 per month
Concierge Tier	Bookings via Krak Travel Portal	4.0%	Check app

Fees & limits

A snapshot of the typical fee structure. Always verify the live figures before applying, as providers adjust these often.

Fee	Typical amount
Monthly fee	$Free
Card issuance	$Free
Card spend (USD)Fee on purchases made in US dollars	Not specified
FX fee (non-USD transactions)Charged when you spend in a currency other than USD	0%
ATM withdrawals	Free

How to get the Krak Card

Download the Krak Money App from the official Apple App Store or Google Play Store.
Log in using your existing verified Kraken exchange credentials or register a new account.
Complete the mandatory identity verification (KYC) compliance check if you have not previously done so.
Deposit fiat currency via SEPA/Faster Payments or transfer digital assets directly into your spending wallet.
Navigate to the card interface inside the app to instantly activate your virtual card and request a physical card delivery.

Pros & cons

Pros

Incredibly low fee structure with zero transaction, monthly maintenance, or FX markup fees.
Supports dynamic, multi-asset spending from an extensive catalog of over 400 digital assets.
Cashback can be natively paid in stable fiat currency or directly in Bitcoin.
Integrates seamlessly with Apple Pay and Google Pay for instant mobile payments.
Premium users receive a heavy, 16-gram stainless steel metal card completely free of charge.

Cons

The custodial custody model means that Kraken maintains ultimate control over your private keys.
While there are no explicit transaction fees, a spread is included in the live crypto conversion price.
E-money balances are issued by Monavate Limited and are completely excluded from traditional FSCS or FDIC protection.
Certain high-yield vault features and promotional perks remain strictly restricted by geographic region.
ATM withdrawals are free from Kraken's side but remain subject to local third-party operator fees.

Is It Worth It?

UK and European crypto investors looking for a zero-fee neobank alternative that lets them fluidly spend digital assets or fiat while earning Bitcoin rewards.

Where you can use it

Supported countries

Available in 31 countries

🇬🇧 United Kingdom 🇦🇹 Austria 🇧🇪 Belgium 🇧🇬 Bulgaria 🇭🇷 Croatia Cyprus 🇨🇿 Czech Republic 🇩🇰 Denmark 🇪🇪 Estonia 🇫🇮 Finland 🇫🇷 France 🇩🇪 Germany 🇬🇷 Greece 🇭🇺 Hungary 🇮🇸 Iceland 🇮🇪 Ireland 🇮🇹 Italy 🇱🇻 Latvia Liechtenstein 🇱🇹 Lithuania 🇱🇺 Luxembourg Malta 🇳🇱 Netherlands 🇳🇴 Norway 🇵🇱 Poland 🇵🇹 Portugal 🇷🇴 Romania 🇸🇰 Slovakia 🇸🇮 Slovenia 🇪🇸 Spain 🇸🇪 Sweden

Not supported

Not available in 166 countries

Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda 🇦🇷 Argentina Armenia 🇦🇺 Australia Azerbaijan Bahamas 🇧🇭 Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana 🇧🇷 Brazil Brunei Burkina Faso Burundi Cabo Verde Cambodia Cameroon 🇨🇦 Canada Central African Republic Chad 🇨🇱 Chile 🇨🇳 China 🇨🇴 Colombia Comoros Costa Rica Ivory Coast Cuba DR Congo Republic of the Congo Djibouti Dominica Dominican Republic Ecuador 🇪🇬 Egypt El Salvador Equatorial Guinea Eritrea Eswatini Ethiopia Fiji Gabon Gambia Georgia 🇬🇭 Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras 🇮🇳 India 🇮🇩 Indonesia Iran Iraq Israel Jamaica 🇯🇵 Japan Jordan Kazakhstan 🇰🇪 Kenya Kiribati Kosovo 🇰🇼 Kuwait Kyrgyzstan Laos Lebanon Lesotho Liberia Libya Madagascar Malawi 🇲🇾 Malaysia Maldives Mali Marshall Islands Mauritania Mauritius 🇲🇽 Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal 🇳🇿 New Zealand Nicaragua Niger 🇳🇬 Nigeria North Korea North Macedonia 🇴🇲 Oman 🇵🇰 Pakistan Palau Palestine Panama Papua New Guinea Paraguay 🇵🇪 Peru 🇵🇭 Philippines 🇶🇦 Qatar Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino São Tomé and Príncipe 🇸🇦 Saudi Arabia Senegal Serbia Seychelles Sierra Leone 🇸🇬 Singapore Solomon Islands Somalia 🇿🇦 South Africa 🇰🇷 South Korea South Sudan Sri Lanka Sudan Suriname 🇨🇭 Switzerland Syria 🇹🇼 Taiwan Tajikistan Tanzania 🇹🇭 Thailand Timor-Leste Togo Tonga Trinidad and Tobago Tunisia 🇹🇷 Turkey Turkmenistan Tuvalu Uganda 🇺🇦 Ukraine 🇦🇪 United Arab Emirates 🇺🇸 United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela 🇻🇳 Vietnam Yemen Zambia Zimbabwe

Availability can change and may depend on your verification status. Always confirm on the provider's official site before signing up.

Frequently asked questions

Does the card support Apple Pay and Google Pay?

Yes, virtual cards can be instantly provisioned to both mobile wallets upon approval.

Are there any hidden conversion fees?

No explicit transaction fees are charged, but a market spread is integrated when converting crypto to fiat at checkout.

Is my money insured?

No, as an e-money product, balances are safeguarded by the issuer but do not carry FSCS or banking deposit insurance.

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