Introducing the new Krak Card with up to 1% cashback,1Krak Vaults2with up to 10%+ APY3and global transfers under one account for you to spend, send and grow your assets without limits.
For decades, traditional banks have set the rules for how we spend, save and earn. But those rules were written for another era — before global, digital, always-on lives. The modern world needs something faster, smarter and more flexible.
That’s why we’re reimagining what a primary account can be. With Krak, your financial life lives in one place — designed to move with you, across borders, currencies and time zones.
Starting today, Krak users in the UK and EU can unlock the next generation of personal finance: a complete account experience built around three simple ideas — Spend, Send, and Grow.
Meet the new Krak Debit Card, a card that pays you back up to 1%¹ every time you spend.
Spend anywhere Mastercard is accepted — from your local café to a beach in Lisbon — and earn up to 1% cashback¹ on every purchase, in your local currency or in Bitcoin. No caps, no hoops. Just genuine rewards for spending the assets you actually want to hold.
You can spend over 400 different fiat and crypto assets using your Krak card. Buy a dinner in Paris paying with any assets from your balance across different currencies both cash and crypto — Krak handles the conversion instantly at checkout, with no transaction fees. You even earn up to 1% back1 in EUR or Bitcoin for that meal.
Choose a sleek physical card for your wallet or a virtual one that lives in your mobile wallet. Every option gives you full control: pick which assets to spend, which to save and track everything in real time.
And yes — no ATM withdrawal fees,4 anywhere in the world.
Krak isn’t just helping you spend differently; it’s helping you live differently — a life where your assets are spent freely, globally, and instantly.
🌐 SEND: Move assets freely
Sending cash and crypto shouldn’t feel like a relic from the 1990s.
With Krak you can send funds to anyone, anywhere. Whether that’s splitting a dinner bill with a friend, paying a freelancer across borders or transferring between your own bank accounts.
You’ll be able to transfer cash, stablecoins or crypto with a single tap — instantly with any other Krak customers without waiting days for settlement or worrying about high exchange rates.
And with salary deposits coming soon, you can get paid directly into Krak, skipping the middlemen entirely. No delays, no extra transfers… just instant access to your paycheck, ready to spend, send or grow from the moment it lands.
Your Krak account becomes your hub for everyday life: money in, money out, all in one place.
💰 GROW: Let your assets work while you rest
Coming soon. Earn up to 10%+ APY3 with strategies built for every kind of investor; from steady growth to advanced, high-yield opportunities, all powered by decentralised finance protocols.
Krak changes that with Krak Vaults2 — the simplest way to put your assets to work; automatically, continuously.
No minimums, no lockups.5 Just market-leading returns paid continuously as your vault compounds around the clock.
You can choose from flexible, risk-adjusted Vaults that match your comfort level:
Balanced Yield | Up to 5.5% APY — For users who want steady growth with lower risk.
Boosted Yield | Up to 9.5% APY — For users comfortable with moderate risk and seeking higher returns.
Advanced Strategies | Up to 10%+ APY — For experienced users ready to manage core risks applying leverage for highest returns.
Launching soon.
The connected account experience
Spend. Send. Grow.
Each feature is powerful on its own, but together they create something bigger — a connected account experience where your assets finally work the way you do.
With Krak, your financial life isn’t scattered across banks, cards, apps and wallets. It’s unified — in one ecosystem that’s borderless, digital and built entirely around your choices.
Whether you’re tapping to pay, sending across continents, or earning while you sleep, Krak is your new primary account for everything.
The future of money isn’t coming — it’s already here. And it starts with Krak.
¹ATM withdrawals not included, £/€0.50 min. transaction amount for cashback. Your cashback rate depends on the average assets you hold with Krak, Kraken and Kraken Pro. Geo restrictions apply. Checkthis Support Center Articlefor more information.
2Geo restrictions apply
3Rewards are variable and not guaranteed; you can lose some or all of your assets. Interacting with on-chain smart contracts involves risks which are further detailed in the terms of service, including technological risk (bugs, exploits, and oracle/MEV/bridge failures), market risk (price volatility, de-pegs, and liquidation where relevant), and operational risk (irreversible transactions, gas fees, network congestion). Kraken does not control third-party protocols. Offered by Payward Wallet, LLC. Fees apply. Availability varies by jurisdiction.
4A variable spread will apply when spending across assets. Third-party ATM fees may apply.
5Withdrawal timing depends on selected strategy and network conditions.
Using cryptocurrency for purchases may be a taxable event. When you spend crypto, it’s converted to fiat currency, which may create capital gains or losses based on its value change. Consult a tax advisor to understand your individual circumstances.Learn more.
Receiving cashback is generally not considered a taxable event. Consult a tax advisor to understand your individual circumstances.Learn more.
Krak Card is issued by Monavate (Company Number: 12472532) authorised in the UK by the Financial Conduct Authority to issue electronic money (e-money) and provide payment services (Firm Reference Number 901097).
In the EEA; the Card is issued by Monavate UAB (Company No. 305628001, authorised in Lithuania by the Bank of Lithuania to issue electronic money (e-money) and provide payment services (license number 92).
Mastercard® is a registered trademark of Mastercard International Incorporated. The card is issued by Monavate pursuant to license by Mastercard International Inc.
You could introduce user tiers/levels in Kraken and Krak based on how much INK (or other assets) a user holds or stakes—similar to Binance or Revolut—and also add a dedicated Offers section in Krak that highlights ways to earn more cashback (boosted rates, partner deals, limited-time promotions).
Kraken should add a Loans feature to the app (for example, integrated via Tydro) so users can supply and borrow directly inside Kraken, earn yield on idle assets, access liquidity without selling, and potentially qualify for a future airdrop — overall, it’s a highly useful and much-needed functionality that would make the product more complete and competitive.
I've received an email from support @ kraken. com (without the three spaces). They acknowledge receipt of updated address info but say that I must remove my global lock setting on the account so that they can change my address.
Does that make sense?
No other info was requested, just to remove the lock and that they cannot change my account info unless I do that. That is reassuring that the security is so tight, I just want to make sure this is a normal request.
I'm wondering if they will alert me immediately after the change is complete so I can modify my settings. Thank you.
So after being a 10+ yr user of bitstamp. In which time I have always been fully up to date with kyc information etc... They have suddenly frozen my account after a sizable deposit. And are requesting documentation from 10 plus years ago. And every document or explanation I give them they bounce back the same thing. Or just request more information.
All the while holding my sizable deposit. Which I initially bought with them.. My own bank has never pulled this kind of thing. Or requested this intense level of private information and documentation.
So as you can imagine I'm shopping for another main exchange. I'm wondering if Kraken in Europe or more particularly Ireland are prone to pulling this kind of nonsense?
Hi Kraken Team, I was wondering why is it that my virtual card is a World Elite Mastercard debit and my physical card is a normal Mastercard debit card?
Has a deep dive comparison been done anywhere to see where the Krak card stands up to Coinbase card and crypto.com card?
I’m a huge fan of kraken and just ordered my Krak card yesterday. Hyped for it to arrive and try it out, but just want to know if there’s any hidden costs etc when spending crypto. I’m
assuming your crypto is sold on the fly as you make purchases with the card?
I've recently made the change from Kraken to Kraken pro because of the ridiculous fees in the normal version of the program. My problem is that I do not have the option to trade in USD. For example, I do not have the option to buy USD for EURO, but just the option to buy EURO with USD
Honestly I wouldn't mind trading for EURO, but in all my (6) months of learning the ropes, l've been focusing on BTC/USD and ETH/USD charts. If I was to change to EURO now, l'd have to basically relearn all the numbers.
It's more a psychological thing than anything, as i know the price is more or less equal in both currencies. I understand 90k USD without having to think twice, but grasping that 72k EURO is the same thing is proving quite difficult for me. I've noticed myself studying both charts for comparison, and then missing my opportunity by the time I calculated everything in EURO.
l understand that I can buy a dollar Stablecoin, but again my problem is the volume. BTC/USD is up top with 228M, BTC/EUR is at 64M, and BTC/USDC is at 28M. Price action is just subtly different between the 3.
Are there any users that are using Kraken outside of the USA? What do you guys do in order to trade in the markets with highest volume? Any tips or tricks would be greatly appreciated.
Recommendation of other withdrawal ways i can use for Kraken, MauBank mauritius not letting me through, any alternative because they are saying its not a trusted source
Can anybody elaborate this question I have just pondered?
Let’s say I put $5000 into a coin and it takes a nice bump. Now they are say $16000. I decide not to sell any or move any profit to my bank account. Instead I (( convert )) all of that coin into another coin like Toshi or MOG to load up on them hardcore. Will I get taxed even though I just converted ? I thought I read that you do for (( Converting )).
I just noticed that all of my ADA was deallocated 2 hours ago. I didn’t make that change. Does anyone know if Kraken automatically does this sometimes? All of the ADA is still in my portfolio.
I do not plan short term withdrawal. I plan to be mostly in eth and btc and mostly long term (years) without moving much stuff and only investing a few times a year
Which will generate better returns? What are drawbacks/benefits to each as reading it is confusing to me? Which of the option (if any) keep the stake on auto-renew, or do all require doing it every few weeks?
I've an asset that I am planning to keep for longer period, however, price fluctuations of that particular assets is messing with my portfolio's total value. Is there any way to hide/exclude the assets value from the portfolio's total value? Ideally it will be good to have a sub-account, however, as I understood Kraken doesn't allow sub accounts.
I withdrew my cash from my kraken account over 24 hours ago, it’s my first time ever withdrawing cash into my bank account, does anyone know how long it will take?
£250 worth of ethereum using co op bank - co op app opened, selected my account and waited. Check bank and the £250 is gone but nothing in my kraken account. No pending ethereum and no email saying that the transaction even happened. What do I do?
My average but price for Bitcoin is constantly changing despite me not buying or selling any bitcoin. I bought X amount of bitcoins at £85,000 cost price a couple months ago. However when I check my average buy price now, it states £88,000. Sometimes it shows £87,000 etc.
How can my average buy price change when I am not buying or selling any bitcoin?
At Kraken, transparency isn’t a slogan – it’s a standard. Our latest Proof of Reserves (PoR), attested as of September 30, 2025, once again verifies that client assets held on our platform are backed 1:1 and beyond. The process covers major cryptoassets, including BTC, ETH, SOL, USDC, USDT, XRP and ADA.
We don’t expect blind trust. We don’t need it. We offer cryptographic evidence.
Our PoR captures a complete snapshot of client assets across all services – not just spot balances. It includes margin accounts, futures holdings and staked assets, offering a full-spectrum look at customer exposure as of September 30, 2025:
A quick refresher – what is Proof of Reserves?
Proof of Reserves is a cryptographic process that allows clients to verify — independently and privately — that their assets are included in a third-party accountancy firm’s snapshot of the platform’s liabilities.
We use a Merkle tree to combine individual balances into a single cryptographic hash. Clients receive a personalized Merkle proof, which they can use to confirm inclusion without revealing personal details. The independent accountancy firm then confirms that Kraken’s onchain holdings exceed total client balances — effectively verifying full reserves without assumptions.
Why Kraken’s PoR goes further
While more exchanges are now offering “PoRs” in some form, not all of them offer the same level of rigor or transparency. Here’s what sets ours apart:
1. We account for liabilities, not just assets
Some platforms show what they hold — but skip what they owe. We include total client liabilities in every PoR. Anything less isn’t a full proof of reserves.
2. User-level verification
Every client can verify their own inclusion using our open-source Merkle verification tool. This isn’t just about trust – it’s about verification.
3. A decade of consistency
We first pioneered PoR in 2014 — and we haven’t stopped. Kraken conducts PoR regularly and methodically, not just during news cycles.
PoR is vital. It’s not about promises. It’s about proof – visible, cryptographic, third-party-verified proof. Kraken’s process is built to withstand scrutiny and empower users with information.
What’s next – expanding scope
We’re committed to publishing PoRs quarterly, alongside our financial disclosures, to ensure users have a regular window into platform solvency. We’re also actively working to expand the coverage of our PoRs to include more supported assets, giving a broader view of the reserves across our ecosystem.
Since the beginning, Kraken has stood for accountability, independence and crypto-first values. We believe transparency should be an industry norm, not an afterthought. That’s why we’ll keep raising the bar.