Krak is a peer-to-peer finance app by Kraken that enables instant global money and crypto transfers to over 160 countries. It differentiates itself by offering zero transfer fees, transparent currency conversion spreads, and a 3.6% reward rate on USDG balances.
Overview · Full Intel report in progress
The App DNA
What makes this app unique?
For Individuals seeking a fast, low-cost solution for international peer-to-peer payments and multi-currency balance management.
What does it look like?
Key features
Send money instantly to users in over 160 countries using a unique @Kraktag username.
Users earn up to 3.6% in rewards on their held USDG balances.
Provides upfront visibility into all conversion spreads and fees before confirming transactions.
Facilitates money movement with no transfer fees and no lockups on user balances.
How much does it cost?
Velocity
Intense developmentShow more...
5 versions in history. Development pace: intense.
Who built it?
Kraken
4 apps tracked · Finance
Kraken: Buy Crypto & Stocks
Kraken Pro: Advanced Trading
Kraken Wallet: Crypto & DeFiUser Sentiment
What do users think recently?
How are ratings & reviews evolving?
Not enough recent reviews to extract reliable themes yet.
Read the full review analysisCompetition
Competitive landscape for Krak: Money & Crypto Transfer
How's the Finance market?
The rivals identified
By Revolut Ltd
Both apps target global users needing international money movement, with Krak focusing on zero-fee P2P and crypto while Revolut provides a broader multi-currency banking suite.
- Revolut offers single-use virtual cards to prevent merchant data theft; Krak lacks this specific security feature.
- Revolut provides a tiered freemium model with five subscription levels; Krak operates on a free model.
- Revolut includes a dedicated account for minors; Krak focuses exclusively on adult P2P and crypto transfers.
MoneyGram® Money Transfers AppContender
Remitly: Global Money TransferContender
Wise - Global MoneyContender
Taptap Send: Money TransferContender
MoneyGram® : Send Money OnlineContender
Sendwave: Send Money AbroadContender
Crypto.com: Onchain WalletContender
WorldRemit: Money Transfer AppContender
Unlock the head-to-head verdict: where this rival wins, and where it loses.
Access the full report for freeThe Analyst's Read
Key takeaways for Krak: Money & Crypto Transfer
Where is it heading?
Bottom line
Krak provides a streamlined, fee-transparent interface for global P2P payments and interest-earning crypto balances.
Report last updated