Kraken Krak Card Max
A plan byKraken Krak Card · Mastercard
Zero explicit fees, 0% FX markup, quarterly PoR — the most transparent card in Europe. Cashback is tiered on your 30-day average balance: 0% below €200, up to 2% at €50,000; in-app concierge only on the Max tier.
Max
- Price
- Free
- Issuance fee
- Free
- FX markup
- 0%
- Cashback
- 2%
- Cashback currency
- USD o crypto scelto
- Required staking
- Nessuno
- ATM fee
- 0%
- ATM limit
- €1.000/giorno · €10.000/mese
- Net annual cost
- Free
What's included
- 30-day avg balance ≥ €50,000
- 2% cashback
- Metal Mastercard
- In-app concierge
- 1% salary match (eligible regions)
- Gifted to new users
The clause
That 2% on the banner isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
| Network | Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | €1.000/giorno · €10.000/mese |
| ATM withdrawal | Free |
| FX markup | 0% |
| Cashback | 2% in USD o crypto scelto · Nessuno |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 5/10 |
| Supported countries | EEA, UK · 30+ countries |
| Estimated net annual cost | €0/year |
| Regulator | Central Bank of Ireland; FCA; Bank of Lithuania |
| Segment | B2C |
| MiCA / License status | MiCAR (CASP); EMI; MiFID; FCA registration FCA (UK) · MiCA-ready |
Strengths
- Zero explicit fees, 0% FX markup, quarterly PoR — the most transparent card in Europe.
- No notable sovereignty advantage documented.
Weaknesses
- 0% cashback below €200 average balance; 2% requires €50,000; concierge only on the Max tier.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FCA (UK) · MiCA-ready): reporting to authorities and freezes on order.
Verdict
The S tier is earned on transparency: no explicit fees, 0% FX markup, quarterly Proof of Reserves and FCA regulation with a MiCA-ready setup make it the most transparent card in Europe, and it's available in Italy. The secondary limit is that the top 2% cashback requires a €50,000 30-day average balance and drops to zero below €200, while the in-app concierge is reserved for the Max tier — conditions that don't undermine the underlying solidity.
On the crypto-native side Kraken does better than many rivals thanks to quarterly Proof of Reserves, which cuts the opacity typical of centralised custody and gives a verifiable proof of funds. It's still a custodial, full-KYC card, though: self-custody is absent and funds live on the exchange, so transparency improves trust but doesn't replace direct control of the keys.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Kraken Krak Card, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
App Store ↗
4.6/5
460 reviews
"Krak: Send & Receive Money" app (id 6738051700), the app that includes the Krak Card. Exact figure from the iTunes Lookup API, not the rounded number shown on the web page.
Weighted average across 1 public review platform (460 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is Kraken Krak Card a safe card?
Kraken Krak Card is a custodial card on the Mastercard network. As a payment card, loaded funds are e-money and are not covered by a bank deposit-guarantee scheme. Fund custody is custodial.
How much does Kraken Krak Card cost?
The card has no annual fee. Issuance is free. The FX markup is 0% (no surcharge). See the tier table for full conditions.
Does Kraken Krak Card offer cashback?
Yes: cashback goes up to 2% in USD or a chosen crypto, based on your 30-day average balance (0% below €200, 2% at €50,000). New users get the 2% Max tier as a welcome gift.
Is Kraken Krak Card available in Italy?
Yes, Kraken Krak Card is available in Italy.
Is Kraken Krak Card custodial or self-custody?
Kraken Krak Card uses a custodial model. Funds are held by the issuer: you do not have direct control of the private keys.
Sources
- Official service page Plans & pricing · Regulatory framework Data verified on Jun 14, 2026
- krak.app Card issuance fee · Annual card fee · FX markup Data verified on Jul 10, 2026
- support.krak.app Cashback Data verified on Jul 10, 2026
- allied.vc Issuer Data verified on Jun 14, 2026
Show 10 more sources
- bitcoinmagazine.com Trust & safety Data verified on Jun 14, 2026
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- osc.ca Issuer Data verified on Jun 14, 2026
- spendnode.io Plans & pricing Data verified on Jun 14, 2026
- support.kraken.com Data verified on Jun 14, 2026
- techcrunch.com Company profile Data verified on Jun 14, 2026
- trustpilot.com Trust & safety Data verified on Jun 14, 2026