Kraken Krak Card vs Gemini Credit Card
On cashback Gemini Credit Card wins (up to 4%, but the full rate requires Nessuno). In our editorial rating Kraken Krak Card leads (4.9 vs 4.4). Neither wins across the board: weigh the points above against your use case before choosing between Kraken Krak Card and Gemini Credit Card.
| Kraken Krak Card | Gemini Credit Card | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.9 | ★ 4.4 |
| Estimated net annual cost | €0 | €0 |
| Network | Mastercard | Mastercard World Elite |
| Fund custody | Custodial (platform holds funds) | — |
| Issuance fee | Free | Free |
| Annual fee | Free | Free |
| Free ATM limit | €1.000/giorno · €10.000/mese | Cash advance fee |
| ATM withdrawal | Free | Free |
| FX markup | 0% | 0% |
| Cashback | 2% in USD o crypto scelto · Nessuno | 4% in 50+ cryptocurrencies · Nessuno |
| Contactless | Yes | Yes |
| Virtual card | Yes | Yes |
| KYC | Full | Full |
| Privacy | 5/10 | 3/10 |
| Supported countries | EEA, UK · 30+ countries | US · 1+ countries |
| Regulator | Central Bank of Ireland; FCA; Bank of Lithuania | NYDFS; SEC (public company); EU member state regulators |
| Segment | B2C | B2C |
| Card type | — | Revolving credit |
| APR | — | 16.49%–34.49% |
| On-chain settlement | — | No |
| Funding / solidity | — | Gemini, exchange con sede a New York · 13M+ utenti |
| OAM Italy registration | — | No |
| Past incidents | — | Gemini Earn collapse (2022-2023): partner Genesis halted withdrawals, ~$1.8B frozen; customers later made whole · NYDFS settlement (2024): $37M fine for compliance failures · CFTC settlement (2025): $5M fine for misleading statements about bitcoin futures |
| Regions | EU/EEA, UK | US |
| Licences & safety | MiCAR (CASP); EMI; MiFID; FCA registration | NYDFS |
Frequently asked questions
Kraken Krak Card vs Gemini Credit Card: which is better?
On cashback Gemini Credit Card wins (up to 4%, but the full rate requires Nessuno). In our editorial rating Kraken Krak Card leads (4.9 vs 4.4). Neither wins across the board: weigh the points above against your use case before choosing between Kraken Krak Card and Gemini Credit Card.
Which is cheaper, Kraken Krak Card or Gemini Credit Card?
On the standard spending profile Kraken Krak Card has the lowest net annual cost: €0 versus €0 for Gemini Credit Card.
Which offers more cashback, Kraken Krak Card or Gemini Credit Card?
Gemini Credit Card has the highest cashback: up to 4%. Note the top rate often requires token staking and is subject to spending caps.
Is Kraken Krak Card custodial or self-custody?
Kraken Krak Card is custodial: funds are held by the platform, while Gemini Credit Card is custodial.