Kraken needs no introduction, but for those unfamiliar with it, we can easily define it as one of the largest and most robust exchanges in the world.
With the recent launch of the dedicated "Krack" app, the company aimed to create an optimized and separate hub for everyday payments, all with a refined and intuitive interface even for the less experienced.
It stands out among competitors for its almost total absence of management fees, zero foreign exchange (FX) commissions, and a section for investing in liquidity. However, it lacks cashback, which isn't ideal for everyone, but we'll discuss that shortly.
Costs and Limitations
The card has no fees, nor issuance or shipping costs for the first physical card.
As mentioned, there are no FX commissions and the spending limits are very high (ideal for those making large purchases).
The account also offers a German IBAN in your name to receive deposits in FIAT currencies, which are also free.
Cashback and Plans (Tiers): up to 2% with no cap
Let's get straight to the point:
€200 deposited = 0.5% cashback
€1,000 = 1%
€10,000 = 1.5%
€50,000 = 2% and also unlocks the exclusive free Metal card.
The cashback paid can be chosen in Bitcoin or FIAT currency.
New users also have a Welcome Bonus: by purchasing at least €10, you will receive a €10 cashback. Furthermore, for the first 30 days of use, everyone is guaranteed the maximum tier of 2% cashback regardless of the deposit.
Flexible returns on liquidity
For For those who are always careful not to leave their capital idle and are looking for promotions to remunerate their liquidity, the app introduces the Vault feature.
This option allows you to leverage DeFi finance protocols like Aave or Morpho to generate returns on deposited funds, with APYs hovering around 5.41% on USDC.
The major advantage is that the funds are not tied up, so they can be withdrawn at any time and made immediately available in your account.
Thanx for reading, don't forget to like, follow and comment :)
I'll leave you my referrals where you too can earn like me with simple daily tasks.
Timebucks, earn up to $50 a day
https://timebucks.com/?refID=225018746
RewardsJoy (ex CoinpayU), earn up to $50 a day
https://www.rewardjoy.com/?r=KMatt8
Clickworker (earn while training AI)
https://www.clickworker.com/clickworker?customer=false&utm_source=21679229&utm_campaign=CW4CW&utm_medium=email
Trade Republic (Invest in all ETFs and stocks with free PACs, get a 1% saveback on all card purchases, and also have a 2.25% interest-free account)
https://refnocode.trade.re/9zkh0s28
