Image: Kraken
Image: BybitKrak Card vs Bybit Card
Quick answer
Both are exchange cards for Europe. The Krak Card by Kraken has no FX, transaction or Kraken ATM fees and pays up to 2% based on your average balance, and it also works in the UK. The Bybit Card charges 0.5% FX and 0.9% to convert crypto, but pays up to 10% for high VIP levels. Bybit isn't available in the UK.
Krak Card and Bybit Card compared
| Krak Card | Bybit Card | |
|---|---|---|
| Our score | 7.4/10 | 6.4/10 |
| Best for | Kraken users in the UK, Europe or the US who keep a decent balance there. | Active Bybit traders in Europe, Latin America or Asia-Pacific who already hold funds on the exchange. |
| Cashback | 0% to 2% in BTC, EUR or GBP | About 1% to 10% by VIP level |
| Card cost | Free, including the metal card. Metal replacement £/€60. | Physical card or replacement about €5 (EEA and Swiss program). Virtual card free. |
| Annual fee | None | None |
| FX | UK and EEA: 0%, Mastercard's rate is passed through. US: 1% on foreign-currency purchases plus Visa's rate. | EEA and Switzerland: 0.5% on top of Mastercard's rate. Other programs listed by trackers: 1% Peru, 1.5% Brazil, 2% Asia-Pacific, Australia, Mexico and Kazakhstan, 7% Argentina. |
| Conversion | Variable spread when Krak converts crypto or a non-primary currency. Spending GBP or EUR is free. | 0.9% when crypto is converted to pay (minimum €1 or $1), EEA and Swiss program |
| ATM | 0% from Kraken. The ATM operator may charge. | EEA and Switzerland: free up to €100 a month, then 2%. Some other programs list $100 a month free. |
| Custody | Custodial. Crypto stays on Kraken, fiat is safeguarded e-money. | Custodial (your balance sits on the Bybit exchange) |
| Network | Mastercard (UK and EEA), Visa (US) | Mastercard |
| Top up with | Hold GBP, EUR or any of Kraken's spendable crypto; Bank transfers and salary into Krak; Crypto deposits to Kraken | Spends directly from your Bybit Funding account, converting crypto at checkout; Deposit crypto to Bybit from any wallet; Buy crypto on Bybit with a bank card or P2P in supported regions |
| Withdraw by | Bank withdrawals; Crypto withdrawals to any wallet; ATM cash withdrawals | Withdraw crypto from Bybit to any wallet; Sell crypto through Bybit P2P in supported regions; ATM cash withdrawals |
| Where it works | The UK, about 30 EEA countries and the US (except New York, Maine, Massachusetts and Indiana). | EEA and Switzerland (through Bybit EU), Australia, Argentina, Brazil, Mexico, Kazakhstan and parts of Asia-Pacific. The bybit.com EUR card closed to new EEA applicants on January 1, 2026. |
| Last checked | 17 October 2026 | 15 October 2026 |
Which one should you pick?
For most people, Krak is cheaper to use day to day, especially abroad. Bybit only wins if you're an active trader with a high VIP level, where its cashback outweighs the extra fees.
Frequently asked questions
Which is cheaper abroad, Krak Card or Bybit Card?
On the entry tier, Krak Card has the lower FX markup. Krak Card: UK and EEA: 0%, Mastercard's rate is passed through. US: 1% on foreign-currency purchases plus Visa's rate.. Bybit Card: EEA and Switzerland: 0.5% on top of Mastercard's rate. Other programs listed by trackers: 1% Peru, 1.5% Brazil, 2% Asia-Pacific, Australia, Mexico and Kazakhstan, 7% Argentina..
Which pays more cashback, Krak Card or Bybit Card?
Bybit Card has the higher top rate. Krak Card: 0% to 2% in BTC, EUR or GBP. Bybit Card: About 1% to 10% by VIP level. Check caps and requirements on each review.
Are Krak Card and Bybit Card self-custody?
Krak Card: Custodial. Crypto stays on Kraken, fiat is safeguarded e-money.. Bybit Card: Custodial (your balance sits on the Bybit exchange).