Updated September 29, 2026 · HodlCue Editorial Team
CoinJar vs Kraken
CoinJar
Kraken
Higher score in this comparison
What sets them apart
| Compare | CoinJarReviewVisitVisit | KrakenReviewVisitVisit |
|---|---|---|
| Monthly fee | A$0 | €0 |
| Currency conversion fee | 2.99% | 0%Lower |
| Card type | Prepaid | Debit |
| Cashback rate | 1% | 0.5% to 2%Higher |
| Custody | Custodial | Self custody |
| Free ATM withdrawals | Not confirmed | €0 |
| Top-up fee | 0% (no pre-loading; card spends directly from CoinJar account balance) | Not confirmed |
| Currencies | Not confirmed | 600 |
Same on both: Card network (Mastercard).
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Key differences
- Kraken scores higher overall: 9.4 vs 8.8.
- CoinJar is licensed in 2 more countries.
- Currency conversion fee is lower at Kraken: 0% vs 2.99%.
- Cashback rate is higher at Kraken: 0.5% to 2% vs 1%.
- Features: only CoinJar offers Custodial.
- Features: only Kraken offers Multi currency, Virtual card, Travel.
Our verdict on each
CoinJar
CoinJar is a custodial crypto exchange with a prepaid card, so it suits people who spend crypto as they go rather than trade heavily or hold their own keys. The card costs AUD 0 a month, trading costs 0.1% a trade and 45 coins are listed.
Kraken
Kraken suits frequent crypto users who keep trading balances on exchange and want those balances spendable through a card without added card upkeep. It pairs a debit card on Mastercard with a monthly fee of €0 and conversion fees of 0%, which keeps routine spend predictable for cardholders.
Score breakdown
| Area | CoinJar | Kraken |
|---|---|---|
| Cost | 8.8Conversion is the weak point: 2.99% on card spend against a site median of 1%, while trading costs 0.1%. | 9.3HigherMonthly charge of €0 with conversion fees of 0% keeps routine card costs contained. |
| Offer | 8.8 | 9.0HigherCard access to 728 with staking on ATOM, SCRT and KSM widens use beyond payments. |
| Trust | 8.7 | 9.7HigherSupervision linked to Central Bank of Ireland, Financial Conduct Authority and Financial Crimes Enforcement Network supports confidence in handling. |
Licences and countries
| Country | CoinJar | Kraken |
|---|---|---|
| Ireland | Central Bank of Ireland (CBI) MiCA CASP 98450066Q3A1G1A4T786 | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 |
| Australia | Not confirmed | |
| United Kingdom | Not confirmed |
Where these facts come from
CoinJar
- coinjar.com: 6 facts, checked September 26, 2026
- support.coinjar.com: 4 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
- coingecko.com: 1 fact, checked September 26, 2026
Kraken
- support.kraken.com: 6 facts, checked September 28, 2026
- kraken.com: 2 facts, checked September 28, 2026
- krak.app: 1 fact, checked September 29, 2026
How they place
| Ranking | CoinJar | Kraken |
|---|---|---|
| Crypto exchanges | 23 of 297 | 9 of 297 |
| Where to buy crypto | 15 of 177 | 5 of 177 |
| Crypto wallets | 13 of 156 | 6 of 156 |
| Crypto debit cards | 21 of 145 | 9 of 145 |
Every fact side by side
| Fact | CoinJar | Kraken |
|---|---|---|
| Features | Crypto, Custodial | Multi currency, Crypto, Virtual card, Travel |
| Audience | Business | Not confirmed |
| Legal entity | CoinJar Europe Limited | Not confirmed |
| Headquarters | Ireland | Not confirmed |
| Founded | 2013 | Not confirmed |
| Support channels | Email, Help centre | Not confirmed |
Crypto exchanges
| Fact | CoinJar | Kraken |
|---|---|---|
| Taker fee | 0.1% | 0.05% to 0.8%Lower |
| Coins listed | 45 | 728Higher |
| Regulators | Central Bank of Ireland, Financial Conduct Authority (UK), FinCEN (US), AUSTRAC, Central Bank of Ireland (CBI) | Central Bank of Ireland, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) |
| Fiat deposit methods | Card, Bank, SEPA, Apple pay | Card, Bank, SEPA, ACH, Apple payCovers more |
| Maker fee | 0.1% | 0% to 0.4%Lower |
| Proof of reserves | Yes | Yes |
| Withdrawal fee | Dynamic fee for crypto withdrawals to external addresses; no fee for AUD bank transfer or PayPal withdrawals | Not confirmed |
| Derivatives | Not confirmed | Yes |
| Exchange type | Cex | Cex |
Crypto wallets
| Fact | CoinJar | Kraken |
|---|---|---|
| Wallet type | Mobile | Mobile |
| Price | €0 | $0 |
| Coins supported | 45 | 728Higher |
| Backup options | Not confirmed | Seed |
Where each stands against the rest
| Fact | CoinJar | Kraken | Median |
|---|---|---|---|
| Currency conversion fee | 2.99%highest quarter | 0%below the median | 0.25% |
| Free ATM withdrawals | Not confirmed | €0below the median | €200 |
| Cashback rate | 1%lowest quarter | 0.5% to 2%at the median | 2% |
| Currencies | Not confirmed | 600highest quarter | 30 |
Median across 58 listed providers.
Pros and cons
CoinJar
Pros
- Cashback of 1% on every card purchase
- Trading costs 0.1% a trade, under the site median of 0.2%
- Top-ups are free and card spend draws on the CoinJar balance
Cons
- Conversion on card spend is 2.99%, above the site median of 1%
- Only 45 coins are listed, against a site median of 62
- Support runs on email and help centre only
Kraken
Pros
- Monthly fee of €0 keeps ongoing card costs low for regular spenders
- Conversion fees of 0% favour cross border card use versus Bit2Me at 0.95%
- Cashback of 0.5% to 2% adds value on eligible card spending
Cons
- Free ATM allowance of €0 restricts cash withdrawals for frequent ATM users
- Support runs on chat and help centre only, which limits choice for people who prefer phone help
- Cashback of 0.5% to 2% varies by activity, so returns depend on card use
Who each suits
CoinJar
Who it suits
- People who want a crypto card with no monthly charge and cashback on spend
- Businesses paying suppliers from a crypto balance, the audience CoinJar targets
- Custodial beginners who would rather not hold their own keys
Who should look elsewhere
- Wise, when a low conversion charge matters more than spending crypto
- Bitpanda, for a euro-based crypto card at a monthly fee of €0
- Monzo Flex, for everyday banking at a monthly fee of £0
Kraken
Who it suits
- Exchange holders who want trading balances spendable by card rather than moved off venue
- Card payers who value low upkeep and who accept eToro instead where ATM needs dominate
Who should look elsewhere
- Cash heavy users who may prefer eToro for its free ATM range of €2,500 to €12,000 over €0
- Phone support seekers who may prefer bunq if assisted channels matter more than chat and help centre
Current offers
CoinJar
Current offer
Bonus
Free physical CoinJar Card: $0 card issuance (digital and physical)
Card issuance fee is $0 for digital and physical CoinJar Card; a 1% purchase fee applies and is returned as CoinJar Rewards points; card available in Australia only
Source, checked September 26, 2026
Country by country
| Country | CoinJar | Kraken |
|---|---|---|
| Australia | Yes | No |
| Germany | Yes | No |
| Ireland | Yes | No |
| United Kingdom | Yes | No |
| United States | Yes | No |
Questions about each
CoinJar
How much does the CoinJar card cost to hold and to use?+
The card has a monthly fee of AUD 0, so keeping it open costs nothing. Currency conversion on card spend is 2.99%, and card spend earns cashback of 1%. Top-ups are free, and spend comes straight from your CoinJar balance.
What do trades cost on CoinJar?+
Taker fees are 0.1% and maker fees are 0.1%, so the gap between the two sides is small. The site median taker fee is 0.2%, which places CoinJar below the middle of the exchanges compared here.
Kraken
What does the Kraken card cost to keep and use?+
The card carries a monthly fee of €0 and conversion fees of 0%. Cashback of 0.5% to 2% applies to eligible spend. Exchange trading uses maker fees of 0% to 0.4% and taker fees of 0.05% to 0.8%, so card costs stay distinct from trading costs.
Who regulates Kraken for this product?+
Kraken lists oversight connected to Central Bank of Ireland, Financial Conduct Authority and Financial Crimes Enforcement Network and holds registrations including MiCA CASP 9845003D98SCC2851458. The legal entity named is Payward Europe Solutions Limited. These permissions relate to crypto and payment services and vary by product and domicile.
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