Kraken Card

The Kraken Card is a Mastercard debit card issued inside the Kraken ecosystem that lets you spend crypto and cash anywhere Mastercard is accepted. It is currently available in the European Economic Area and the UK — Kraken explicitly tells visitors outside the region that the card is not in their region.

The card is issued by UAB Monavate (Bank of Lithuania, authorisation code LB002139) under a Mastercard licence, and Kraken's e-money and spot-trading services are regulated by the Central Bank of Ireland through Payward Ireland Limited and Payward Europe Solutions Limited. Major crypto assets are held 1:1 and backed by £125M in insurance, putting Kraken among the better-protected card issuers in the market.

Key headline figures:

• Up to 2% cashback on every spend, paid in BTC or your local currency (EUR) — no cap.
• 600+ currencies supported — crypto and fiat spendable from one card.
• Zero fees — no transaction fees, no FX fees, no ATM withdrawal fees, no monthly or annual fees.
• Free to order, free to keep — no subscription or account fee.
• €10 cashback bonus on the first purchase for new cardholders (T&Cs apply).

The card is managed in the Krak app — Kraken's everyday-finance companion app — using the same login as the main Kraken exchange. You log in once, pick a virtual card design in ~30 seconds, and can add the card to Apple Pay or Google Pay to start spending immediately. A physical card can also be ordered from Krak.

Cashback is tiered based on the 30-day rolling average balance across your Kraken, Kraken Pro and Krak accounts:

• Light — €200 average — 0.5% cashback
• Pro — €1,000 average — 1.0% cashback
• Elite — €10,000 average — 1.5% cashback
• Max — €50,000 average — 2.0% cashback
• New cardholders automatically start at the Max tier for the first 30 days

The Kraken Card introduces two distinctive product concepts missing from many competing cards:

• Everyday balance — funds you transfer in intentionally for spending, kept separate from your trading portfolio, staking positions and long-term holds. Your holdings stay untouched.
• Spend-order queue — drag your asset balances into the sequence you want them to be spent from, then lock any asset (like BTC) so it is never touched at checkout. The queue updates instantly from the app, with no delays.

Beyond the card itself, Kraken Card unlocks travel perks: up to 6% cashback on hotel bookings through Kraken Travel, with 4- and 5-star properties at up to 60% off regular rates across 2.2M hotels worldwide.

For European and UK holders, the Kraken Card's nearest equivalents are Coinbase's card in the UK and the Nexo Card in the EEA, all of which target the same Europe-first audience. The full Best Crypto Cards ranking covers the region in more depth.

Spend 600+ currencies from one card

• Crypto and cash held in your Kraken account spendable from a single Mastercard debit card.
• Instant conversion at the point of spend — no manual swaps before paying.
• Fund the card by transferring crypto or fiat from your Kraken account to your everyday balance.

Up to 2% cashback, no caps

• 2% cashback at the Max tier on every eligible spend, paid in BTC or your local EUR currency.
• No cap on total cashback — every eligible purchase earns.
• New cardholders automatically start at the Max tier (2%) for 30 days.

Everyday balance & spend-order queue

• Everyday balance sits separately from your trading portfolio, staking and long-term positions — you fund it intentionally, so your holds are never spent by accident.
• Spend-order queue lets you drag assets into the sequence Kraken spends from at checkout.
• Asset locking — toggle any asset (e.g. BTC) off and it is never touched at checkout.
• Order updates instantly from the Krak app — no delays.

Apple Pay & Google Pay

• Add the virtual card to Apple Pay or Google Pay the moment it is issued.
• Tap-to-pay anywhere contactless Mastercard is accepted.
• Virtual card colour/design chosen in-app at sign-up (< 30 seconds).

Travel perks

• Up to 6% cashback on hotel bookings via Kraken Travel.
• Access to 4- and 5-star properties at rates reserved for the few — up to 60% off regular rates.
• 2.2M hotels worldwide available through the booking portal.

Safe and in control

• £125M insurance backing for major crypto assets held 1:1.
• Instant freeze/unfreeze of the card from the Krak app.
• Custom PINs, asset-blocking and real-time transaction notifications.
• End-to-end data encryption.
• 24/7 support in-app.

The Kraken Card can spend 600+ currencies — a far wider selection than most competing crypto cards. Any asset you hold in your Kraken account can be moved to your everyday balance and spent via the card, with instant conversion at the point of sale.

Major supported cryptocurrencies

• BTC — Bitcoin (also the default cashback payout currency)
• ETH — Ethereum
• USDC — USD Coin
• USDT — Tether
• SOL — Solana
• XRP — Ripple
• ADA — Cardano
• DOT — Polkadot
• MATIC — Polygon
• LTC — Litecoin
• AVAX — Avalanche
• LINK — Chainlink
• UNI — Uniswap
• ATOM — Cosmos

The full list extends to 600+ crypto and fiat currencies supported by the Kraken exchange — effectively any asset Kraken lists can be spent through the card by adding it to your everyday balance.

Supported fiat

• EUR — primary local-currency cashback option for EEA cardholders.
• GBP — for UK cardholders.
• USD — supported balance currency on Kraken.

Cashback payout currency

You choose whether your cashback is paid in BTC or your local currency (EUR) — configurable in the Krak app.

Kraken Card has one of the leanest fee schedules in the crypto card category — the headline is genuinely zero fees:

• Order / issuance fee: Free
• Monthly fee: None
• Annual fee: None
• Transaction fees: None — every eligible spend is free to process.
• FX fees: None — instant conversion at the point of spend with no FX markup.
• ATM withdrawal fees: None — use any Mastercard ATM worldwide.

Cashback tiers (based on 30-day rolling balance across Kraken, Kraken Pro and Krak)

Tier	30-day avg. balance	Cashback
Light	€200	0.5%
Pro	€1,000	1.0%
Elite	€10,000	1.5%
Max	€50,000	2.0%

New cardholders are automatically placed at the Max (2%) tier for their first 30 days regardless of balance — an effective 2% intro rate.

Full applicable fees are outlined on the Krak pricing page (krak.app/pricing). The €10 first-purchase cashback bonus is limited to new Kraken Card customers who have never had a Krak Card before (terms & conditions apply).