How It Works & Better Alternatives

Krak

 Crypto Card

Krak lets users spend directly from crypto or fiat balances through a Mastercard-powered debit card, with 1% cashback on every purchase paid in Bitcoin or fiat. Note: the card is currently limited to the UK and EU, and a spread fee applies whenever crypto must be sold to complete a purchase.

Download Oobit

What is 

Krak

?

Krak is Kraken's peer-to-peer payments app and Mastercard-powered debit card, letting users spend from more than 400 supported crypto and fiat assets at merchants worldwide. Cashback is paid in Bitcoin or local fiat, and the card is currently rolling out in the UK and EU with no monthly or foreign exchange fees.

Krak

 Limitations

UK and EU Only

The Krak Card is currently limited to the United Kingdom and European Union, with other regions still to come.

Spread Fee on Crypto Sales

A spread fee applies whenever crypto assets need to be sold to complete a transaction.

Cashback Rate Tapers

The initial 1% cashback rate is a limited-time offer; afterward the rate is set by a user's total balance across Krak, Kraken, and Kraken Pro.

Traditional Cashback vs Oobit Cashback

Traditional cashback programs are often limited in value and speed.
The Oobit crypto card delivers a next-generation experience, instant, global, and crypto-native.

Krak

Cashback

Up to 10%

1%

Earning

Every payment

Every purchase

Timing

Instant

Not disclosed

Setup

Pay from wallet

Self-Custody

Card activation fee

Free

Spread fee on crypto sales

Download Oobit

How Oobit Compares to 

Krak

Oobit is built for users who want one consistent cashback rate rather than a promotional rate that steps down based on exchange balance. That makes it a practical alternative to Krak, especially for users outside the UK and EU who want their crypto card to work today.

Download Oobit

Backed by Tether, trusted by millions.

Paolo Ardoino

CEO of Tether

״User-experience perfection. Oobit + $USDt for payments in real-life.״

Filipe Toledo

2x World Surf Champion

״Oobit makes crypto payments simple, intuitive, and accessible for everyone.״

Joseph Abehsera

Crypto Veteran & Influencer

״After 10+ years in crypto, I believe Oobit has the greatest opportunity to bring crypto to the masses.״

Roger Ver

Bitcoin.com

“Thanks to oobit anyone can now pay with BitcoinCash, Bitcoin, Tether, Ethererum and other Crypto anywhere... “

Sarah Nabaa

VeChain foundation

“How crypto should be- digital cash, instant and helping the unbanked. Tap and Pay for everyday things in-store with your $VET...”

Open your treasury, hold dollars, and start paying the world.

Get started

Abre tu tesorería, guarda dólares y empieza a pagarle al mundo.

Get started

Abra seu tesouro, guarde dólares e comece a pagar o mundo.

Get started

Join us, be you.

If you're excited by the future of money, we'd love to hear from you.

Join our team

Get Oobit

Scan the QR code to download the app

Download Oobit

The People's Money.

Pay with Oobit

Crypto CardLocal QR PaymentsATM WithdrawalsCrypto Cashback Agent CardsOobit DePay

Pay with BitcoinPay with OOBPay with USDTPay with EthereumPay with SolanaStablecoin

Oobit For Business

BlogStablecoin PaymentsGlobal USDCorporate CardExpense Managment

Oobit Technologies 2026. © All rights reserved.

Oobit provides technology that enables users to spend digital assets through existing payment networks. Services are subject to regional availability and regulatory requirements. Oobit operates through multiple entities globally. Certain features may be provided by licensed partners depending on your location.

US Cryptocurrency services are provided in partnership with Bakkt Financial Solutions I, LLC. Bakkt is registered with FinCEN as a Money Services Business (MSB) and holds state money transmitter licenses.