Kraken Krak Card Krak Metal
A plan byKraken Krak Card · Mastercard
Zero fee explicit, 0% FX markup, PoR quarterly — the card more transparent d'Europe. Cashback 0% for those who holds less than 1.000 € on Kraken; concierge travel only tier metal. Cashback 0% under 1K € on the account
Krak Metal
- 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
- 2% cashback
- Metal Mastercard
- In-app concierge
- 0% FX
- ATM 0%
- Eligibility-based UK/EEA
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 fee explicit, 0% FX markup, PoR quarterly — the card more transparent d'Europe.
- No notable sovereignty advantage documented.
Weaknesses
- Cashback 0% for those who holds less than 1.000 € on Kraken; concierge travel only tier metal.
- 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 2% cashback drops to zero for those holding under €1,000 on Kraken and travel concierge is reserved for metal tiers — 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.
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 1% in USD o crypto scelto, depending on the tier.
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 · Tier.Krak Orange.cashback cap eur · Tier.Krak Black.cashback cap eur · +1 Data verified on Jun 14, 2026
- allied.vc Issuer Data verified on Jun 14, 2026
- bitcoinmagazine.com Trust & safety Data verified on Jun 14, 2026
- blackdown.org Trust & safety Data verified on Jun 14, 2026
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- support.kraken.com Tier.Krak Orange.cashback cap eur · Tier.Krak Black.cashback cap eur · Tier.Krak Metal.cashback cap eur 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