TL;DR.Krak Card is a Mastercard crypto debit card (Virtual + Physical, KYC: Full KYC). Cost per $100 spent: $0. Top-up fee 0%, FX fee 0%. Wallet support: Apple Pay + Google Pay. Status: operational. Last verified: May 1, 2026.
CARD PROFILE · FULL KYC
Krak Card.
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.
Cost / $100
$0.00
Top-up fee
Free
Network
Mastercard
Card type
Virtual + Physical
IBAN
Yes
Monthly limit
—
Status
Operational
Pros.
- +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
- +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)
Cons.
- −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%
- −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
- −Beta-style rollout — some 400+ assets listed are unavailable for card spending at launch
FEE BREAKDOWN
Detailed fee breakdown.
Top-up fee
Free
Transaction fee
0%
FX fee
0%
Issuance
Free
Monthly
Free
Cost / $100
$0.00
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.
COVERAGE
Where it works.
Supported coins
BTCETHSOLUSDTUSDCDAILTCXRPDOGEADAGBPEUR
Chains
BitcoinEthereumSolana
Use cases
Online · IRL · ATM
Blocked countries
USCAAUNZJPCNRUBYKPIRSYCUSDSSVE
WALLETS
Apple PayYes
Google PayYes
ATMYes
REPUTATION
Trustpilot
3.4/5
6688 reviews
Monevia score
68/100
Verified May 1, 2026
ALTERNATIVES