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Spend crypto like cash with up to 2% cashback.

Kraken has officially made its Kraken Card available to eligible users across the UK and EEA. The long-awaited crypto debit card is now live, giving holders the ability to spend cryptocurrency or fiat seamlessly anywhere Mastercard is accepted — with up to 2% cashback and zero fees from Kraken.

This marks a major step forward in bridging crypto and everyday spending. Whether you’re buying coffee, booking travel, or shopping online, the Kraken Card turns your digital assets into real-world purchasing power instantly.

What Is the Kraken Card?

The Kraken Card is a virtual Mastercard debit card (with an optional physical version) that you order directly inside the Kraken app. It draws funds from your Krak Everyday balance — a dedicated everyday spending account separate from your trading portfolio, staking positions, or long-term holdings.

Key highlights:

• Spend from 600+ cryptocurrencies and fiat assets in one card.
• Crypto is converted instantly at the point of sale.
• No monthly fees, no transaction fees, and no foreign exchange (FX) markup from Kraken.
• Earn up to 2% cashback on every purchase (no cap).
• Add to Apple Pay or Google Pay for contactless payments in seconds.

How the Cashback Works

Cashback is one of the biggest draws. New cardholders start at the Max tier (2%) for their first 30 days. After that, your tier is based on your 30-day rolling average balance across Kraken, Kraken Pro, and Krak: Tier 30-Day Average Balance Cashback Rate Max ≥ €50,000 / £50,000 2% Elite ≥ €10,000 / £10,000 1.5% Pro ≥ €1,000 / £1,000 1% Lite ≥ €200 / £200 0.5% Starter < €200 / £200 0%

You can choose to receive cashback in Bitcoin or your local currency (EUR or GBP). There’s also a welcome bonus: 100% cashback on your first eligible transaction, up to €10 / £10.

Travel enthusiasts get an extra boost — up to 6% cashback at checkout when booking hotels through partnered platforms, plus access to discounted rates on millions of properties worldwide.

Zero Fees from Kraken

One of the most attractive aspects of the Kraken Card is its fee structure:

• Free to order and keep (virtual card)
• No transaction fees
• No FX fees (you get the standard Mastercard exchange rate)
• Free ATM withdrawals (third-party ATM operator fees may still apply)
• Physical card replacement: only €4.99 / £4.99

A small variable spread applies when spending crypto (visible in transaction details), but there are no hidden Kraken fees eating into your balance.

Full Control in the Krak App

The card is managed through the dedicated Krak app (separate from the main Kraken trading app). With the same login credentials, you can:

• Instantly freeze or unfreeze your card
• Set custom spending order for your assets
• Lock specific cryptocurrencies (e.g., keep your BTC untouched)
• View real-time transaction notifications
• Manage PIN, cashback preferences, and more

You can also order a physical card (including a premium metal version for high-balance users) directly in the app.

Security You Can Trust

Kraken has built strong protections into the card:

• Major crypto assets held 1:1 with £125 million in insurance backing
• Instant card freeze/unfreeze
• 3D Secure authentication
• Real-time spending alerts
• Full card details visible only inside the secure Krak app
• Regulated issuance through UAB Monavate (authorized by the Bank of Lithuania)

Who Can Get the Card?

The Kraken Card is currently available to verified Kraken users in the UK and EEA. It is not yet available in the United States or other regions. You’ll need to complete Kraken’s standard verification process to be eligible.

If you don’t have a Kraken account yet you set one up here including a bonus and trading fee cashback.

How to Get Your Kraken Card Today

1. Open the Kraken app and follow the card sign-up flow.
2. Choose your virtual card design.
3. Download the Krak app and sign in with your existing Kraken credentials.
4. Activate your card (takes about 30 seconds).
5. Add it to Apple Pay or Google Pay and start spending.

New users also get the 30-day Max tier boost and first-transaction cashback bonus automatically.

Final Thoughts

The launch of the Kraken Card represents another major milestone in crypto adoption. It removes friction between holding digital assets and using them in the real world — without forcing you to sell everything or pay high fees.

Whether you’re a casual user or a high-balance holder, the combination of up to 2% cashback, zero Kraken fees, and full spending control makes this one of the most compelling crypto debit cards available today in supported regions.

Note: Features, availability, and rewards are subject to eligibility, geographic restrictions, and terms & conditions. Always check the latest details in the Kraken or Krak app. Crypto involves risk; spending crypto may trigger taxable events in your jurisdiction.

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