Spend, send, grow. All in one app.
Clear, transparent fees with no hidden costs.
Account Services
| Category | Service | Fee |
|---|---|---|
| Account Setup & Management | Account opening | Free |
| Account closing | Free | |
| Support | Unlimited in-app Customer Service | Free |
| Balance Management | Krak Balance Transfers between Krak and Kraken platforms | Free |
| Cash Deposits | Linked bank transfer (ACH) | Free |
| Wire transfer | Free | |
| Apple / Google Pay Deposit — near-instant | Fixed $0.25 + 3.75% fee | |
| Debit Card Deposit (Visa/Mastercard) — near-instant | Fixed $0.25 + 3.75% fee | |
| Paypal Deposit | Fees vary depending on your region and are displayed on the final confirmation page. For information, please see this Support Center article. | |
| Cash Withdrawals | Linked bank withdrawal (ACH) | Free |
| Crypto Deposits | N/A | Free |
| Crypto Withdrawals | N/A | Withdrawal fees for cryptocurrencies vary by asset and can be found here |
Card Services
| Category | Service | Fee |
|---|---|---|
| Card Issuance | Virtual Debit Card | Free |
| Plastic Debit Card | Free; replacement £4.99 / €4.99 | |
| Metal Debit Card | Free; replacement £60 / €60. Eligible users can apply for a metal card at no cost, when they maintain a 30-day average balance of ≥ GBP/EUR 50,000. | |
| Spending & Withdrawals | Non-crypto Purchases (in-store or online) | Free |
| ATM Withdrawals | Free. Third-party ATM fees may apply | |
| Foreign Exchange (FX) | Cash FX Conversion | We don't charge FX fees when you spend in foreign currencies. We pass on the Mastercard exchange rate without markup. |
| Crypto Spend Conversions | Crypto spending | Spread included in conversion rate: see “Crypto & Swap Fees” section |
Transfers
| Type | Service | Fee |
|---|---|---|
| In-App Transfers | Transfers between Krak accounts | Free |
| Domestic Transfers | Incoming Transfer | Free |
| Outgoing Transfer (FPS / SEPA) | Free | |
| International Transfers | Incoming Transfer | Free. FX conversion may apply |
| Outgoing SWIFT Transfer | Regional funding charge may apply. For more information, please refer to the Kraken fee schedule. | |
| Vault Transfers | See “Crypto & Swap Fees” section for spread and conversion costs | See “Crypto & Swap Fees” section for spread and conversion costs |
| Crypto Transfers | See “Crypto & Swap Fees” section for spread and conversion costs | See “Crypto & Swap Fees” section for spread and conversion costs |
Crypto & Swap Fees
| Action | Fee |
|---|---|
| Instant Buy/Sell | Trading Fee: A fixed 1% fee applies to each buy, sell, or conversion.
Small Balance Conversions: For conversions below the minimum order size, a fixed 3% fee applies when using the Convert Small Balances feature. For more information, please refer to the Kraken fee schedule. |
| Trade Buy/Sell (Convert) | A Trading Fee (fixed percentage applied to each transaction) A Spread, which reflects the difference between the market rate and the rate you receive. The spread ensures price certainty while your order is being processed, so you always know exactly what you’ll pay or receive. For more information, please refer to the Kraken fee schedule. |
Vault & AutoEarn Services
| Program | Fee |
|---|---|
| Vault Enrollment | Free |
| Vault Performance Fee | 25% of yield earned (APYs shown exclude this fee) |
| AutoEarn Enrollment | Free |
| AutoEarn Performance Fee | 30% of yield earned (APYs shown exclude this fee) |
Cashback Tiers
| Tier | 30-Day Average Assets Held (GBP / EUR) | Cashback Rate |
|---|---|---|
| Tier 1 | ≥ 50,000 | 1.0% |
| Tier 2 | ≥ 10,000 | 0.75% |
| Tier 3 | ≥ 1,000 | 0.5% |
| Tier 4 | < 1,000 | 0% |
Kraken may adjust its deposit and withdrawal fees in response to changes in the underlying costs, market conditions, or user activity. Clients are encouraged to review the account deposit or withdrawal page on Kraken's website and app for the most current information regarding deposit and withdrawal fees.
Geo restrictions apply. See this Support Center Article for more information on Krak Vaults.
Rewards are variable and not guaranteed; you can lose some or all of your assets. Interacting with on-chain smart contracts involves risks which are further detailed in the terms of service, including technological risk (bugs, exploits, and oracle/MEV/bridge failures), market risk (price volatility, de-pegs, and liquidation where relevant), and operational risk (irreversible transactions, gas fees, network congestion). Kraken does not control third-party protocols. Offered by Payward Wallet, LLC. Fees apply. Availability varies by jurisdiction.
Using cryptocurrency for purchases may be a taxable event. When you spend crypto, it’s converted to fiat currency, which may create capital gains or losses based on its value change. Consult a tax advisor to understand your individual circumstances. Learn more.
Receiving cashback is generally not considered a taxable event. Consult a tax advisor to understand your individual circumstances. Learn more.
Krak Card is issued by Monavate Limited, authorised by the Financial Conduct Authority to carry on electronic money activities and related payment services (FRN: 901097). Payward Services Limited is authorised by the Financial Conduct Authority to carry on electronic money activities and related payment services under the Electronic Money Regulations 2011 (FRN: 1010381).
For the UK, Cryptoasset exchange and custody services are offered by Payward Ltd, registered as a cryptoasset firm with the Financial Conduct Authority (FRN: 928768). These services are unregulated and not subject to protection under the Financial Services Compensation Scheme. Note the value of cryptoassets can go down as well as up and gains may be subject to Capital Gains Tax. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy”.
In the EEA; Krak Card is issued by UAB Monavate, authorised by the Bank of Lithuania to carry on electronic money activities and provide related payment services (authorisation code: LB002139). Payward Ireland Limited (PIL) and Payward Europe Solutions Limited (PESL), trading as Kraken, are regulated by the Central Bank of Ireland. E-money services are provided by PIL and spot trading services are provided by PESL.
Mastercard® is a registered trademark of Mastercard International Incorporated. The card is issued by Monavate pursuant to license by Mastercard International Inc.
