Kraken Card vs OKX Card: Multi-Asset vs Stablecoins
Kraken Card and OKX Card are custodial Mastercard debit cards linked to major crypto exchanges. Both list no foreign-exchange fees, but they handle balances, conversion, and regional availability differently.
Kraken Card lets cardholders spend cash or choose among more than 600 cryptocurrencies. It isolates spending money into a separate Krak wallet with custom priority queues, pays up to 2% cashback in BTC or EUR, and operates in the EEA, the UK, and the United States. Its conversion costs rely on a variable spread at checkout.
OKX Card focuses on stablecoin balances: USDT, USDC, and USDG. It debits the primary exchange account directly without requiring a manual transfer to a secondary wallet. OKX applies a fixed 0.1% market spread to fiat conversions and offers between 2% and 10% cashback paid in USDG for eligible users based on their OKX Pay tier or VIP level. Availability centers on the European Economic Area.
Quick verdict
The deciding difference centers on asset variety and geographic access versus conversion pricing. Kraken Card offers far wider reach by serving the EEA, the UK, and the United States with over 600 spendable currencies, though its conversion markup is variable. OKX Card narrows checkout to stablecoins with a 0.1% conversion spread and higher potential cashback, and is available to eligible users in the EEA and selected other regions.
Choose Kraken Card if you want to spend crypto or cash directly from a segregated balance, reside in the UK or the US, or prefer cashback paid out in BTC or EUR.
Choose OKX Card if you hold stablecoins like USDT, USDC, or USDG, live in the European Economic Area, and want a defined 0.1% conversion spread alongside cashback rates reaching up to 10% for high-tier accounts.
| Feature | ||
|---|---|---|
| Ratings | ||
| Our score | 3.8/5 | 3.7/5 |
| User rating | No reviews yet | No reviews yet |
| Fees | 4.5 | 4.5 |
| Rewards & cashback | 4.0 | 4.0 |
| Availability | 3.0 | 3.0 |
| App & experience | 4.0 | 3.5 |
| Trust & security | 3.5 | 3.5 |
| Fees & features | ||
| Card type | Debit | Debit |
| Card network | Mastercard | Mastercard |
| Card format | Virtual | Not disclosed |
| Custody | Custodial | Custodial |
| Max cashback | 2% | 10% |
| Rewards paid in | BTC or EUR | USDG |
| Staking needed for top rewards | No | No |
| Welcome bonus | New cardholders receive Max tier for 30 days, with 2% cashback. | Not disclosed |
| Card issuance fee | Free | Not disclosed |
| Monthly fee | Free | Not disclosed |
| Annual fee | Free | Not disclosed |
| Foreign exchange fee | 0% | 0% |
| Crypto conversion spread | Variable spread applies when spending across assets | 0.1% |
| ATM withdrawals | No ATM withdrawal fee from Kraken; third-party ATM fees may apply | Not disclosed |
| Available in | Europe (EEA), United Kingdom, United States | Europe (EEA) |
| Spendable assets | 600+ cryptocurrencies, Cash | USDT, USDC, USDG |
| Card currencies | EUR | Not disclosed |
| Spend stablecoins | Not disclosed | Yes |
| Apple Pay | Yes | Not disclosed |
| Google Pay | Yes | Not disclosed |
| Good for | Everyday spending, Travel, Online shopping, Subscriptions & AI tools | Everyday spending, Travel, Online shopping, Subscriptions & AI tools |
| Perks | Up to 2% cashback, Up to 6% travel cashback, Instant card lock, Real-time notifications | 2% to 10% cashback on eligible purchases, No transaction fees, No foreign exchange fees |
| Card issuer | UAB Monavate | OKX Europe Limited |
| Virtual card fee | Free | Not disclosed |
| Company | ||
| Founded | 2011 | — |
| Headquarters | United States | Malta |
| Investors | DRW Venture Capital, Hong Shan, Jane Street, Oppenheimer Alternative Investment Management +2 | Not disclosed |
| Strengths and weaknesses | ||
| Pros |
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| Cons |
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| Best for | Everyday crypto spending, Krak app users, Cardholders spending multiple assets | EEA residents spending stablecoins, Mastercard in-store payments, Users already holding funds on OKX |
Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.
FAQ
Which card supports more spendable currencies?
Kraken Card supports more currencies. It allows spending from over 600 cryptocurrencies and cash balances, whereas OKX Card supports only stablecoins like USDT, USDC, and USDG.
Where are Kraken Card and OKX Card available?
Kraken Card is available in the European Economic Area, the United Kingdom, and the United States. OKX Card is available to eligible users in the EEA and selected other regions.
How do the conversion fees compare?
OKX Card charges a stated 0.1% market spread on fiat conversions at checkout. Kraken Card does not charge a fixed percentage fee, applying a variable spread when converting crypto to fiat at payment.
How do cashback rewards differ?
Kraken Card pays up to 2% cashback in BTC or EUR based on a 30-day average balance. OKX Card pays between 2% and 10% cashback in USDG, requiring USDG spending with auto repayment enabled.