In This Article
- Why the Old Banking Model Doesn’t Fit Modern Lives
- Spend Seamlessly With 1% Cashback Anywhere Mastercard is Accepted
- Send Money Instantly, Cash or Crypto Transfers Across Borders
- Grow Your Assets with Krak Vaults and Crypto Yield Opportunities
- Your Money, Your Way, in One Account
- Who is Krak Designed For?
- How to Get Started with Krak Card & Account
- Why Krak Matters Now
Popular crypto exchange Kraken just launched Krak Card, a next-gen Mastercard allowing users to seamlessly spend fiat and crypto, send cash and stablecoins instantly to other Krak users, and grow their assets with up to 10%+ annual percentage yield (APY), all in one account.
The Krak Card is available to users in the UK and the EU. Looking to step up your banking game? Visit Kraken and sign up for the Krak Card.
Why the Old Banking Model Doesn’t Fit Modern Lives
Compared to crypto-based banking, traditional banking is slowly becoming obsolete. With slow international transfers that can take up to 3 days and minimal earning potential beyond basic savings accounts, traditional banks lag behind the fast-moving world of crypto. Even past-gen bank cards that offer cashback rewards are often capped at low monthly limits, while also being expensive, charging users various fees and markups on currency transactions.
Kraken’s Krak Card is the modern version of banking, enabling users to earn cashback rewards with no monthly cap and up to 10% APY via Krak Vaults, outperforming the simple savings accounts typically offered by traditional banks. To sweeten the deal, the Krak Card is designed for the digital age, moving across borders and currencies, with no transaction fees or ATM withdrawal fees anywhere in the world.
Visit KrakenSpend Seamlessly With 1% Cashback Anywhere Mastercard is Accepted
The Kraken Krak Card is based on a Mastercard, meaning it’s accepted almost everywhere worldwide. But the best part is, you earn 1% cash back on your purchases, either in fiat currency or Bitcoin, wherever you use it around the world.
Additionally, the Krak Card supports fiat currency and over 400 crypto assets, with instant conversions at checkout. This means you can seamlessly spend your SOL, BTC, or EUR with your card, and you won’t pay transaction fees. Additionally, as the Krak Card doesn’t charge ATM withdrawal fees, this makes it one of the most cost-effective cards for travelers.
Send Money Instantly, Cash or Crypto Transfers Across Borders
The Krak Card lets you make instant transfers to other Krak users. This feature lets you pay freelancers and send funds to friends and family around the world with a single tap, without worrying about exchange rates. Kraken supports cash transfers or stablecoin transfers for this feature.
Krak Card users may get a treat soon, as Kraken announced that salary deposits are planned for the next stage of the roadmap. With salary deposits, users can get paid directly to their Krak account, making their funds instantly available for spending, sending, or growing.
Grow Your Assets with Krak Vaults and Crypto Yield Opportunities
While most bank cards don’t let you grow your assets, Kraken will soon launch Krak Vaults, enabling users to compound their assets automatically via decentralized finance protocols.
Users can choose from three options depending on their risk tolerance, including:
- Balanced Yield with up to 5.5% APY for low-risk growth.
- Boosted Yield with up to 9.5% APY for moderate risk and higher returns.
- Advanced Strategies with up to 10% APY for experienced users comfortable with leverage for the highest returns.
All three strategies have no minimums and no lockups, making your assets fully accessible while earning yield.
Your Money, Your Way, in One Account
Kraken combines the three major parts of a bank account: spending, sending, and growing. Individually, these are excellent features, but combined, they are a powerful tool that lets your assets work the way you want them to.
With Krak, users can seamlessly spend fiat and over 400 cryptocurrencies, earn 1% cash back on purchases with no caps or limits, send cash or stablecoins to other Krak users instantly, and grow their assets with up to 10%+ APY.
Who is Krak Designed For?
Krak is an excellent addition to the wallet of everyday shoppers who want to earn cashback in Bitcoin and hodl it for the future. It’s also a great option for remote workers and freelancers to get paid quickly for their work, without waiting days for traditional bank transfers to clear.
Crypto investors looking to passively grow their assets without lock-up periods will also find Krak to be a worthwhile option. Users who frequently travel abroad enjoy no transaction or ATM withdrawal fees worldwide, making the Krak Card a solid addition to any traveler’s wallet.
How to Get Started with Krak Card & Account
Currently, the Krak Card is available for UK and EU users. If you live in these areas, here’s how to sign up for the card:
- Visit Kraken’s site and create an account.
- Verify your ID and deposit funds.
- Apply for the card, either physical or virtual.
- Load crypto or fiat and start using it.
Why Krak Matters Now
The Krak Card is the next step in the banking evolution, designed for global flexibility, low costs, and passive growth of unused assets. Users looking for the “everything account” will find Kraken’s Krak to be an excellent option. Sign up to start spending, sending, and growing your assets.
Visit Kraken
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
