Crafted from precision-milled stainless steel and powered by Kraken’s multi-asset infrastructure, the Metal Card delivers a seamless, global spending experience across crypto and fiat, with industry-leading rewards built in.
Designed for global spending, built on multi-asset freedom
Powered by Mastercard’s global payments network, the Krak Metal Card is accepted by millions of merchants worldwide. Customers (at home or abroad) can spend more than 600 supported cryptocurrencies and fiat currencies effortlessly with no FX or ATM withdrawal fees.
When you pay, Krak handles near-instant crypto-to-fiat conversion automatically. Purchases are funded according to your chosen spending order, intelligently drawing from and combining eligible balances as needed, while excluding any assets you’ve chosen to restrict.
There’s no need for manual conversions, removing friction at the point of sale and giving you complete control over how your money is used.
Earn more every time you spend
Every purchase made with the Krak Metal Card earns 2% cashback,* one of the most competitive rewards rates available on a global debit card. Cashback is applied automatically, so value starts accruing the moment you spend.
Inside the Krak app, customers benefit from real-time transaction alerts, instant card security controls and clear visibility into how balances are being used, bringing transparency and confidence to every transaction.
A premium card that rewards loyalty
The Krak Metal Card complements Krak’s existing plastic and virtual debit cards as a premium option for customers who maintain larger balances across the Kraken ecosystem. Eligibility is available to customers who hold an average balance of £50,000 or €50,000 across Krak, Kraken and Kraken Pro.
Kamo Asatryan, Kraken Chief Data Officer and Global Head of Consumer:“Your money should grow automatically. We’re making rewards effortless with cashback that grows with you, setting a new standard for the global money app for travel and everyday spending.”
Christian Rau, Mastercard Senior Vice President, Global Digital Commercialization: “By deepening our partnership with Kraken with the launch of the Krak Metal Card, we’re enabling more people to use crypto effortlessly in their everyday lives, connecting innovative digital solutions to the trusted global payments network they already rely on.”
Available now
The Krak Metal Debit Card is available today to eligible customers across the UK and EEA, directly in the Krak app. Over the coming months, Krak plans to expand availability and continue enhancing the Metal offering to reward customers who choose Krak as their primary global money app.
\* Rate depends on average assets held with Krak, Kraken and Kraken Pro. Geo restrictions and T&Cs apply. See Support Center for more info.
Geo restrictions apply. Instant buy/sell fees apply when you convert one asset to another before making a transfer. Please see our fee schedule for more information. See Support Center to check your eligibility.
A variable spread applies when spending across assets. Third-party ATM fees may apply.
Spending crypto may be a taxable event, as conversion to fiat can create capital gains or losses. Cashback is generally not taxable. Consult a tax advisor for your individual circumstances. Learn more .
Not investment advice. Crypto trading involves risk of loss.
Mastercard® is a registered trademark of Mastercard International Incorporated. The card is issued by Monavate pursuant to license by Mastercard International Inc.
In the EU, 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). The e-money wallet associated with the KrakCard is provided by Payward Ireland Limited, trading as Kraken, is regulated by the Central Bank of Ireland.
Spot trading services are offered by Payward Europe Solutions Limited t/a Kraken, regulated by the Central Bank of Ireland. 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 trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.
In the UK, 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). E-Money services are not subject to protection under the Financial Services Compensation Scheme.
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.
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