Updated September 28, 2026 · VaultCue Editorial Team
Kraken vs Qonto Portugal Business Account
Kraken
Higher score in this comparison
Qonto Portugal Business Account
What sets them apart
| Compare | KrakenReviewVisitVisit | Qonto Portugal Business AccountReviewVisitVisit |
|---|---|---|
| Monthly fee | $4.99 | €9 |
| Currency conversion fee | 0.2%Lower | 0.8% to 1.8% |
| Currencies | 6 | from 30 |
| Transfer fee | Based on method and currency used; funding fees can be static (fixed) or dynamic (variable) | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
| Local account details | Not confirmed | IBAN |
Same on both: Licence type (Payment institution), Deposit protection (EU DGS up to EUR 100,000).
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Key differences
- Founded is lower at Kraken: 2011 vs 2017.
- Kraken is licensed in 7 more countries.
- Qonto Portugal Business Account is available in 1 more country.
- Currency conversion fee is lower at Kraken: 0.2% vs 0.8% to 1.8%.
- Support channels: only Qonto Portugal Business Account offers Chat.
Our verdict on each
Kraken
Kraken settles the fee trade-off by charging a subscription rather than staying free: the monthly fee of $4.99 applies to the account, and currency conversion runs at 0.2% with transfer delivery quoted as instant. It suits people who hold and convert several currencies and move money often.
Qonto Portugal Business Account
Qonto Portugal Business Account suits small businesses and freelancers who want a euro account with reach into many currencies and EU deposit protection. The trade-off is the €9 monthly fee, against €0 at XTB and €0 at AXI Card every month.
Score breakdown
| Area | Kraken | Qonto Portugal Business Account |
|---|---|---|
| Cost | 8.7HigherSubscription costs a monthly fee of $4.99 with conversion at 0.2%, against a site median fee of €0. | 8.5It charges a monthly fee of €9 where €0 is the norm on the site, offset by conversion fees of 0.8% to 1.8%. |
| Offer | 9.2The account holds 6 currencies, pays out to bank, wallet and card, and delivery is instant. | 9.5Higher |
| Trust | 8.4Higher | 8.3 |
Where each is licensed and available
| Country | Kraken | Qonto Portugal Business Account |
|---|---|---|
| Argentina | Not confirmed | |
| Australia | AUSTRAC (independent remittance dealer, Bit Trade Pty Ltd) ACN 163 237 634 | Not confirmed |
| Bermuda | Not confirmed | |
| Canada | FINTRAC (money services business) M19343731 | Not confirmed |
| Cyprus | Not confirmed | |
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
| Ireland | IE_CBI PSD_EMI IE_CBI!C453020 | Not confirmed |
| United Kingdom | Not confirmed |
Additional countries for Kraken: 7. Additional countries for Qonto Portugal Business Account: 8.
Which one suits you
Pick Kraken if currency conversion fee matter most.
Pick Qonto Portugal Business Account if offer matter most.
Spending 1,000 abroad
Kraken
2
0.2% of 1,000
Qonto Portugal Business Account
8 to 18
0.8% to 1.8% of 1,000
Kraken comes out 6 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
What we checked
Kraken
- kraken.com: 4 facts, checked September 26, 2026
- euclid.eba.europa.eu: 3 facts, checked September 26, 2026
- support.kraken.com: 2 facts, checked September 26, 2026
- play.google.com: 1 fact, checked September 26, 2026
Qonto Portugal Business Account
- qonto.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 3 facts, checked September 26, 2026
How they place
| Ranking | Kraken | Qonto Portugal Business Account |
|---|---|---|
| Current and checking accounts | 14 of 885 | 2 of 885 |
Every fact side by side
| Fact | Kraken | Qonto Portugal Business Account |
|---|---|---|
| Audience | Not confirmed | Business, Freelancer |
| Features | Not confirmed | Digital only |
| Legal entity | Payward Europe Solutions Limited | QONTO |
| Headquarters | Ireland | France |
| Founded | 2011Lower | 2017 |
| Support channels | Email, Phone, Help centre | Chat, Phone, Email, Help centreCovers more |
Money transfer
| Fact | Kraken | Qonto Portugal Business Account |
|---|---|---|
| Delivery time | instant | Not confirmed |
| Payout methods | Bank, Wallet, Card | Not confirmed |
Where each stands against the rest
| Fact | Kraken | Qonto Portugal Business Account | Median |
|---|---|---|---|
| Currency conversion fee | 0.2%below the median | 0.8% to 1.8%above the median | 0.5% |
| Currencies | 6above the median | from 30highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Kraken
Pros
- Deposit protection in the EU is EU DGS up to EUR 100,000 under the deposit guarantee scheme.
- Currency conversion costs 0.2%, under the 0.5% seen across the site.
- Support runs on email, phone and help centre, including phone and a help centre.
Cons
- The account carries a monthly fee of $4.99, where the site median is €0.
- The currency list is limited to 6, below the 9 in this group.
- Transfer fees depend on the method and currency used, and funding fees can be fixed or variable.
Qonto Portugal Business Account
Pros
- The account covers from 30 currencies, well above the 5 seen across the site.
- Deposits sit under EU DGS up to EUR 100,000, so the working balance stays inside the EU guarantee.
- Support runs on chat, phone and email, including a phone line for urgent payment problems.
Cons
- The €9 monthly fee is the cost rivals skip, with XTB at €0 and AXI Card at €0.
- Currency conversion costs of 0.8% to 1.8% apply to any payment made outside the euro zone.
- The account is digital only, so there is no branch counter and no paper trail outside the app.
Who each suits
Kraken
Who it suits
- Anyone whose money sits in more than one currency
- People willing to pay a monthly subscription for a longer currency list
- Users who want phone and help centre support alongside email
Who should look elsewhere
- Anyone after a free everyday account: Skrill charges €0 a month
- Readers who want more than 6 currencies: XTB charges €0 a month, as does AXI Card at €0
- Anyone who needs a fixed transfer price before choosing a method, since transfer fees depend on the method and currency used
Qonto Portugal Business Account
Who it suits
- Businesses and freelancers, the audiences the account is built for, billing in euros.
- Companies with customers in several markets, since the account covers from 30 currencies.
- Finance teams that want deposit cover in the same account they pay suppliers from, under EU DGS up to EUR 100,000.
Who should look elsewhere
- XTB, when the monthly fee decides it: XTB lists €0 and this account charges €9.
- AXI Card, for the same reason, with a monthly fee of €0 against €9 here.
- Skrill, if a wallet balance fits the money flow better than a business account carrying €9 a month and 0.8% to 1.8% on conversion.
Current offers
Kraken
Current offer
Free trial
Kraken+ free 30-day trial: 30 days free, then $4.99/mo
Monthly billing and the free 30-day trial are offered exclusively through the Kraken mobile app; Kraken Web currently supports annual plans only; only one free trial available per user; automatically renews at $4.99/month unless canceled
Source, checked September 26, 2026
Qonto Portugal Business Account
Current offer
Free trial
1-month free trial: 1 month free
Offered on the self-employed Basic, Smart and Premium plans; prices shown are monthly equivalents on an annual plan
Source, checked September 26, 2026
Bonus
Account remuneration: boosted rate for 2 months: 5% AER for 2 months, then 1.5% AER
Smart and Premium plans; requires at least 5 eligible transactions per month; balance cap EUR 50,000 (Smart) or EUR 100,000 (Premium)
Source, checked September 26, 2026
Country by country
| Country | Kraken | Qonto Portugal Business Account |
|---|---|---|
| Argentina | Yes | No |
| Australia | Yes | No |
| Austria | No | Yes |
| Belgium | No | Yes |
| Bermuda | Yes | No |
| Canada | Yes | No |
| Cyprus | Yes | No |
| France | No | Yes |
8 of 15 countries where either is available.
Questions about each
Kraken
What does the Kraken subscription cost each month?+
The subscription account is billed a monthly fee of $4.99. That sits above the site median of €0, so the fee suits readers who will use the extra currencies rather than pay for a dormant account.
How much does Kraken charge to convert currency?+
Currency conversion is charged at 0.2%, which sits under the 0.5% recorded across the site. The gap widens for anyone converting often, which is how the subscription tends to pay back its cost.
Qonto Portugal Business Account
What does the account cost each month?+
The account carries a monthly fee of €9 on the Basic plan. Payment activity adds to it: transfers beyond the included bundle each carry a flat charge. Budget for the fee as the baseline cost of keeping the account open.
What do extra SEPA transfers cost?+
On the Basic plan a bundle of SEPA transfers is included each month, and every transfer after that is charged at a flat rate per transaction. The monthly fee of €9 does not cover extra payment volume, so busy months cost more than the headline price.
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