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Updated October 17, 2026 · HodlCue Editorial Team

Kraken vs Skrill

Kraken scores 9.4 and Skrill 8.1 out of 10. Compare their differences and shared features below.
Kraken

Kraken

Higher score in this comparison

9.4/10
Visit
Skrill

Skrill

8.1/10
Visit

What sets them apart

Kraken vs Skrill
CompareKrakenKrakenReviewVisitVisitSkrillSkrillReviewVisitVisit
Monthly fee€0Lower€5
Currency conversion fee0%Lower3.99%
Card typeDebitPrepaid
CustodySelf custodyCustodial
Free ATM withdrawals€0Not confirmed
Cashback rate0.5% to 2%Not confirmed
Currencies600Not confirmed

Same on both: Card network (Mastercard).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Kraken scores higher overall: 9.4 vs 8.1.
  • Monthly fee is lower at Kraken: €0 vs €5.
  • Currency conversion fee is lower at Kraken: 0% vs 3.99%.
  • Features: only Kraken offers Travel.

Our verdict on each

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.

Read the full Kraken review

Skrill

Skrill suits crypto holders who want a prepaid card and a virtual card on one multi-currency balance, and who are comfortable with a custodial provider holding the balance. The catch is cost: a €5 monthly charge and a 3.99% conversion fee, where prepaid rivals such as Bitpanda charge €0.

Read the full Skrill review

Score breakdown

Kraken vs Skrill
AreaKrakenSkrill
Cost9.3HigherMonthly charge of €0 with conversion fees of 0% keeps routine card costs contained.8.1
Offer9.0Card access to 728 with staking on ATOM, SCRT and KSM widens use beyond payments.Not confirmed
Trust9.7Supervision linked to Central Bank of Ireland, Financial Conduct Authority and Financial Crimes Enforcement Network supports confidence in handling.Not confirmed

Where each is licensed and available

Kraken vs Skrill
CountryKrakenSkrill
Ireland
Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458
IE_CBI PSD_EMI IE_CBI!C453020
Central Bank of Ireland (CBI) MiCA CASP 213800QBQVHWRBHJTA89
IE_CBI PSD_EMI IE_CBI!C184986

What it costs in practice

A year with 1,000 spent abroad

Kraken

€0

12 × €0 + 0% of 1,000

Skrill

€99.90

12 × €5 + 3.99% of 1,000

Kraken costs €99.90 less.

Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 28, 2026.

Positions in our rankings

Kraken vs Skrill
RankingKrakenSkrill
Crypto debit cards9 of 1456 of 145

Where these facts come from

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

Skrill

  • skrill.com: 6 facts, checked September 26, 2026
  • esma.europa.eu: 2 facts, checked September 26, 2026

Every fact side by side

Kraken vs Skrill
FactKrakenSkrill
FeaturesMulti currency, Crypto, Virtual card, TravelCovers moreCrypto, Virtual card, Multi currency
Legal entityNot confirmedPaysafe Payment Solutions Limited.
HeadquartersNot confirmedIreland

Crypto exchanges

Kraken vs Skrill
FactKrakenSkrill
Taker fee0.05% to 0.8%Not confirmed
Coins listed728Not confirmed
RegulatorsCentral Bank of Ireland, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI)Not confirmed
Fiat deposit methodsCard, Bank, SEPA, ACH, Apple payNot confirmed
Maker fee0% to 0.4%Not confirmed
Proof of reservesYesNot confirmed
DerivativesYesNot confirmed
Exchange typeCexNot confirmed

Crypto wallets

Kraken vs Skrill
FactKrakenSkrill
Wallet typeMobileNot confirmed
Price$0Not confirmed
Coins supported728Not confirmed
Backup optionsSeedNot confirmed

Where each stands against the rest

Kraken vs Skrill
FactKrakenSkrillMedian
Monthly fee€0at the median€5highest quarter€0
Currency conversion fee0%below the median3.99%highest quarter0.25%
Free ATM withdrawals€0below the medianNot confirmed€200
Cashback rate0.5% to 2%at the medianNot confirmed2
Currencies600highest quarterNot confirmed30

Median across 58 listed providers.

Pros and cons

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

Skrill

Pros

  • Spending draws on a multi-currency balance, so holding and using several currencies sits in one place
  • The card runs on mastercard, the network most prepaid rivals in this category also use
  • A virtual card is offered alongside the physical one, which suits online-only spending

Cons

  • A €5 charge applies, while prepaid alternatives such as Bitpanda and Monzo Flex carry €0 and £0
  • The 3.99% currency conversion fee is well above the 1% median of the cards compared
  • It ranks 228 of 237 on currency conversion fee, so converting often is costly here

Who each suits

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

Skrill

Who it suits

  • Crypto holders who want to spend from a multi-currency balance without opening a bank current account
  • Anyone comfortable with a custodial provider holding the balance and with a prepaid card rather than a debit card

Who should look elsewhere

  • People who want a free card: Monzo Flex, Wise and Bitpanda each list £0, £0 and €0
  • Travellers who convert often, since the 3.99% conversion fee is heavy next to the 1% median
  • Anyone who wants to hold their own keys, as custody is custodial

Questions about each

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.

Skrill

How much does the Skrill card cost to hold each month?+

The card carries a €5 charge. Prepaid rivals are often free: Monzo Flex lists £0, Wise lists £0 and Bitpanda lists €0. The €0 median across the cards compared is €0, so a free card is the norm in this field and this one is not.

What does it cost to convert currency on the Skrill card?+

Converting costs 3.99%, which is well above the 1% median of the cards compared. Skrill places 228 of 237 on that measure. A multi-currency balance is the practical way round it, since you can hold the currency you want to spend in rather than converting at the till.

Other options to compare

Kraken

Visit

Skrill

Visit