.ccc-table thead th{background:#1e293b !important;color:#fff !important}.ccc-table tbody tr:nth-child(odd){background:#fff}.ccc-table tbody tr:nth-child(even){background:#f0f4ff}.ccc-table th,.ccc-table td{padding:10px 12px;border:1px solid #e2e8f0;vertical-align:top;font-size:15px;line-height:1.45}.ccc-table-scroll{overflow-x:auto;-webkit-overflow-scrolling:touch;max-width:100%;margin:0 0 24px}.ccc-proscons{display:flex;flex-wrap:wrap;gap:16px;margin:8px 0 20px}.ccc-proscons>div{flex:1 1 260px;border:1px solid #e2e8f0;border-radius:10px;padding:14px 16px}.ccc-pros{background:#f0fdf4}.ccc-cons{background:#fef2f2}.ccc-proscons h4{margin:0 0 8px;font-size:16px}.ccc-proscons ul{margin:0;padding-left:18px}.ccc-proscons li{margin:4px 0;font-size:14px}Affiliate disclosure: Some links here are partner links. If you open an account through one, CoinCodeCap may earn a commission at no extra cost to you. It doesn’t change our verdict, and we only recommend products whose licensing we can verify on a regulator’s register. Crypto is volatile; don’t spend money you can’t afford to lose.How we reviewed the Krak Card. We checked Kraken’s MiCA authorisation on the Central Bank of Ireland and ESMA registers, read the current Krak card, cashback and fee pages, and cross-checked the reward tiers against Kraken’s own support docs. We also read recent Trustpilot reviews for the app. Figures are correct at the time of writing; card terms move quickly, so confirm the live numbers in the app before you apply.TL;DRThe Krak Card is Kraken’s Europe-first Mastercard debit card, launched in November 2025 for UK and EU residents.It runs on Kraken’s Irish MiCA licence (Payward Europe), so the regulatory side is clean and register-verifiable.Cashback is 0.5% to 2%, tiered by your balance across Kraken products, paid instantly in euro, sterling or BTC with no cap.No monthly or annual fee, plus a virtual IBAN and salary deposits. The catch is a variable conversion spread on crypto-funded spending and 0% cashback below a €200 balance.Open a Krak Card →What the Krak Card isKrak is Kraken’s payments app, and the Krak Card is the Mastercard debit card that sits on top of it. Kraken launched the app in June 2025 and added the card in November 2025 for UK and EU residents, with a stainless-steel metal version following in March 2026. Unlike most exchange cards, this one was built for Europe first rather than bolted on after a US launch.You fund the card from your Kraken balance and spend in real time. It converts crypto to euro or sterling at the point of sale, so you can pay with more than 400 assets, and Krak lets you split a single payment across several of them. For a fuller picture of how it compares to the rest of the market, see our guide to the best crypto cards in Europe after MiCA.Licensing: the part that matters after MiCAKraken’s EU crypto services run through Payward Europe Solutions Limited, which the Central Bank of Ireland authorised as a MiCA crypto-asset service provider in June 2025. That entity is in the ESMA register, and the licence passports across the EEA. The card itself is issued by Monavate (its Lithuanian entity in the EEA, and the FCA-authorised UK entity for British users), which handles the e-money side.In plain terms, both halves are covered: the crypto conversion sits under a MiCA licence, and the euros on the card sit under an e-money licence. That is exactly the setup the MiCA rules are designed to produce, and it is why Krak clears the first filter for a European card in 2026.Krak Card cashback tiersKraken restructured the rewards in March 2026. Cashback is now tiered by your 30-day average balance across Krak, Kraken and Kraken Pro, and it pays instantly in euro, sterling or BTC with no monthly cap.Tier30-day balanceCashbackStarter€00%Light€2000.5%Pro€1,0001%Elite€10,0001.5%Max€50,0002%Travel booked through Krak Concierge can earn up to 4%, and new customers get a temporary welcome boost to 2%. ATM withdrawals, refunds, transfers and purchases under €0.49 don’t earn. The metal card needs the €50,000 Max tier, so it is aimed at heavier balances.Fees and the catchNo monthly or annual fee.Krak charges 0% on transactions, FX and ATM withdrawals from its side, though third-party ATM operators may still add their own fee.The real cost is a variable conversion spread when you spend across assets, so paying from crypto is never quite free even when the fee line says zero.Cashback is 0% until your balance reaches €200, and the headline 2% needs €50,000 parked across Kraken products.The pattern here is the same one we flag on most exchange cards, including the Bybit card and the Crypto.com Visa: “zero fees” describes the sticker, while the conversion spread is where the money actually goes. If you spend mostly from a euro balance rather than from crypto, you sidestep most of it.Check current Krak Card rates →Banking features beyond the cardKrak is trying to be a spending account, not just a card. EU users get a virtual IBAN and can receive their salary into the app, with the rollout reaching countries like Latvia, Greece, Croatia and Hungary through 2026 alongside a 1% salary-match promo. Balances can earn up to 3.6% APY, and Krak Vaults route into audited DeFi for higher yields. That mix of card, IBAN and yield is what separates it from a plain exchange card.Krak Card at a glanceFeatureDetailIssuer / licenceKraken (Payward Europe), MiCA CASP via Central Bank of Ireland; card by MonavateNetworkMastercard debit (virtual, physical, metal)AvailabilityUK and EU residentsCashback0.5% to 2% by balance, instant, in EUR/GBP/BTC, no capFeesNo monthly/annual fee; variable conversion spread on crypto spendExtrasVirtual IBAN, salary deposits, up to 3.6% APY, Krak VaultsCustodyCustodial (Kraken/Krak balance)Pros and cons✅ ProsClean Irish MiCA licence, EU-first productInstant cashback in euro, sterling or BTC with no capNo monthly or annual feeVirtual IBAN, salary deposits and in-app yieldSpend and split across 400+ assets❌ Cons0% cashback below a €200 balanceTop 2% rate needs €50,000 across Kraken productsVariable conversion spread on crypto-funded spendingSupport is young; early Trustpilot reviews cite slow, automated responsesExpert tip: if you want the cashback without the spread, keep a euro balance in Krak and spend from that rather than converting crypto at each tap. You still earn the tier rate on your balance, and you skip the conversion cost that quietly eats most exchange-card rewards.Who the Krak Card is forKrak suits an EU or UK user who already trusts Kraken and wants a licensed, bank-like account with real cashback and an IBAN. It is a weaker fit if you keep only a small balance, since you need €200 just to start earning and €50,000 to reach the top rate. Privacy-focused users who want to keep their own keys should look at a self-custody option like Gnosis Pay instead.Frequently asked questionsBottom line. The Krak Card is one of the cleaner crypto cards to launch in Europe since MiCA took hold: a real Irish licence, instant uncapped cashback, no annual fee, and account features that go beyond a card. The rewards reward size, so light spenders won’t get much, and the conversion spread still applies to crypto-funded payments. If you keep a working balance on Kraken and want a licensed EU spending account, it earns its place. Compare it against the rest of the field in our best crypto cards in Europe guide before you commit.Get the Krak Card →Editorial note: card fees, cashback tiers and licensing details change often. Everything here was checked against Kraken and regulator sources at the time of writing; confirm the current terms in the app before you apply.Related readingCompare crypto cards10 Best Crypto Cards in Europe After MiCA (where Krak ranks against the field)Best crypto cards for US users (the American picks)Top crypto Mastercards (Krak runs on Mastercard)Other exchange cardsCrypto.com Visa card review (the biggest exchange card)Bybit card review (another MiCA-licensed EU card)Nexo card review (credit and debit in one)RegulationTop 10 MiCA-licensed crypto exchanges (the exchange side of the same rulebook)Stablecoin crypto cards (how MiCA reshaped card top-ups).lwrp.link-whisper-related-posts{ margin-top: 40px;margin-bottom: 30px; } .lwrp .lwrp-title{ }.lwrp .lwrp-description{ } .lwrp .lwrp-list-container{ } .lwrp .lwrp-list-multi-container{ display: flex; } .lwrp .lwrp-list-double{ width: 48%; } .lwrp .lwrp-list-triple{ width: 32%; } .lwrp .lwrp-list-row-container{ display: flex; justify-content: space-between; } .lwrp .lwrp-list-row-container .lwrp-list-item{ width: calc(25% - 20px); } .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){ } .lwrp .lwrp-list-item img{ max-width: 100%; height: auto; object-fit: cover; aspect-ratio: 1 / 1; } .lwrp .lwrp-list-item.lwrp-empty-list-item{ background: initial !important; } .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text, .lwrp .lwrp-list-item .lwrp-list-no-posts-message{ }@media screen and (max-width: 480px) { .lwrp.link-whisper-related-posts{ } .lwrp .lwrp-title{ }.lwrp .lwrp-description{ } .lwrp .lwrp-list-multi-container{ flex-direction: column; } .lwrp .lwrp-list-multi-container ul.lwrp-list{ margin-top: 0px; margin-bottom: 0px; padding-top: 0px; padding-bottom: 0px; } .lwrp .lwrp-list-double, .lwrp .lwrp-list-triple{ width: 100%; } .lwrp .lwrp-list-row-container{ justify-content: initial; flex-direction: column; } .lwrp .lwrp-list-row-container .lwrp-list-item{ width: 100%; } .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){ } .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text, .lwrp .lwrp-list-item .lwrp-list-no-posts-message{ }; } Related Posts Shiba Inu to Connect with Big Businesses through NeweggClaude AI Review: Sonnet 4.6 Free, Opus 4.6 Leads CodingBitcoin below $30k: Is the party over?CBOE Sets Launch Date for Ethereum ETF Tron’s stable coin ‘USDD’ loses its peg Ether.fi Cash Card vs Crypto.com Visa CardRebelsFunding ReviewMatchr Review: Is it Best Prediction Market?