Ranked #13 of 35
Krak Review
Kraken's neobank-style card: IBAN salary deposits, multi-asset spending and integrated vaults.
Quick answer
According to Krak's website, its FX spread is 0%; base cashback 0% (first cashback unlocks at $200 portfolio), highest cashback 2%; custody Custodial; KYC required. According to the card website; Last verified 21 Oct 2026 by Tristyn Pawson.
Figures are as published by the provider and cross-checked against public documentation. No live transaction test has been completed yet.
Card at a glance
The figures below are the terms published by the provider and cross-checked against their documentation. A tested breakdown lands here once the card goes through our benchmark purchase.
- FX fee
- 0%
- Base cashback
- 0% (first cashback unlocks at $200 portfolio)
- Highest cashback
- 2%
- Card cost
- $0
Claimed by provider
- Wallet architecture
- Custodial
- Setup time
- ~20 minutes
- Spend limit
- Not published
- ATM withdrawals
- Free worldwide ATM withdrawals
The verdict
Krak positions itself as a neobank alternative rather than a prepaid crypto card. Salary deposits, real-time multi-asset spending without preloading and integrated high-yield vaults make it a capable everyday account, provided you live in the UK or EEA and accept custodial risk.
Score: 8 out of 10
Strengths
- Multiple funding methods, including IBAN salary deposits
- Monthly statements and a familiar banking interface
- Backed by a long-established, regulated exchange
Weaknesses
- Available to US
- UK
- and EEA residents only
- Heavy KYC
- including a tax number
- Custodial: Kraken holds the assets
Compare with other cards
Krak vs Ethena Pay
#1 · 1% spread
Krak vs Coca Card
#2 · 1.18% spread
Krak vs EtherFi
#3 · 0.51% spread
| # | Card | FX spread | Card cost | Base cashback | Custody | Setup time | Score |
|---|---|---|---|---|---|---|---|
| 1 | Krak | 0% | $0 | 0% (first cashback unlocks at $200 portfolio) | Custodial | ~20 minutes | 8/10 |
| 2 | Ethena Pay | 1% | 0 | 4% | Non-Custodial (no option to see keys until deleting account | 10 minutes | 8.5/10 |
| 3 | Coca Card | 1.18% | Free | 1% in USDC, paid on the 10th | Non-Custodial | ~8 minutes | 9.2/10 |
| 4 | EtherFi | 0.51% | Free | 3% instant | Non-Custodial | ~8 minutes | 9.2/10 |
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Krak FAQs
Krak
0% FX · 8/10
Who ranks these cards
I'm Tristyn Pawson, founder of ConsistenC.xyz. Over the last five years I've worked on marketing, development and growth across five crypto cards and neobanks, building at least three of them from scratch.
Alongside that I've run in-depth research on 20+ crypto banks to understand what actually makes someone keep a card in their wallet. These rankings reflect that: which problems are tolerable, and which ones are genuine deal breakers.
- Years in market
- 5
- Cards built on
- 5
- Neobanks researched
- 20+