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Updated September 28, 2026 · VaultCue Editorial Team

Kraken vs Qonto

Kraken scores 8.7 and Qonto 8.7 out of 10. Compare their differences and shared features below.
Kraken

Kraken

Higher score in this comparison

8.7/10
Visit
Qonto

Qonto

8.7/10
Visit

What sets them apart

Kraken vs Qonto
CompareKrakenKrakenReviewVisitVisitQontoQontoReviewVisitVisit
Monthly fee$4.99€19
Currency conversion fee0.2%Lower0.8% to 1.8%
Currencies6from 30
Transfer feeBased 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 detailsNot confirmedIBAN

Same on both: Licence type (Payment institution), Deposit protection (EU DGS up to EUR 100,000).

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

  • Founded is lower at Kraken: 2011 vs 2017.
  • Kraken is licensed in 7 more countries.
  • Qonto 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 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.

Read the full Kraken review

Qonto

Qonto suits businesses and freelancers who want their day to day banking in one app and will not chase the highest rate. The monthly fee of €19 is the trade off, and the 1.5% headline rate ranks 350 of 473 brands.

Read the full Qonto review

Score breakdown

Kraken vs Qonto
AreaKrakenQonto
Cost8.7Subscription costs a monthly fee of $4.99 with conversion at 0.2%, against a site median fee of €0.8.8HigherA monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0
Offer9.2HigherThe account holds 6 currencies, pays out to bank, wallet and card, and delivery is instant.9.1Headline rate of 1.5% is variable and sits at 350 of 473
Trust8.4Higher8.3

Spending 1,000 abroad

Kraken

2

0.2% of 1,000

Qonto

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.

Where they rank in our lists

Kraken vs Qonto
RankingKrakenQonto
Current and checking accounts14 of 8851 of 885

If neither fits

eToro has currency conversion fee at 0%, against 0.2% for Kraken and 0.8% to 1.8% for Qonto.

eToro review

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

  • qonto.com: 10 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 3 facts, checked September 26, 2026

Every fact side by side

Kraken vs Qonto
FactKrakenQonto
AudienceNot confirmedBusiness, Freelancer
FeaturesNot confirmedDigital only
Legal entityPayward Europe Solutions LimitedQONTO
HeadquartersIrelandFrance
Founded2011Lower2017
Support channelsEmail, Phone, Help centreChat, Phone, Email, Help centreCovers more

Money transfer

Kraken vs Qonto
FactKrakenQonto
Delivery timeinstantNot confirmed
Payout methodsBank, Wallet, CardNot confirmed

Where each stands against the rest

Kraken vs Qonto
FactKrakenQontoMedian
Currency conversion fee0.2%below the median0.8% to 1.8%above the median0.5%
Currencies6above the medianfrom 30highest quarter5

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

Pros

  • Minimum deposit of €0, so the account opens without tying up money
  • Support runs on chat, phone and email
  • Currency conversion of 0.8% to 1.8% suits frequent international invoicing

Cons

  • The monthly fee of €19 makes it expensive for anyone holding a small balance
  • The account is digital only, so there is no branch to visit
  • The 1.5% rate is only paid while the transaction condition is met

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

Who it suits

  • Freelancers and sole traders billing across borders
  • Small businesses paying and receiving in several currencies
  • Anyone who wants their accounts, cards and invoices in one app

Who should look elsewhere

  • Anyone saving mainly for yield, since the 1.5% rate is variable and ranks 350 of 473
  • People who want to hold a large balance while paying nothing, given the monthly fee of €19
  • Anyone who prefers a branch, as the account is digital only

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

Current offer

  • Bonus

    Up to 5% AER account remuneration for 2 months for new customers: 5% AER for 2 months, then 1.5% AER on the Smart plan

    New customers only, first 2 months of the contract, on plans Smart and above; requires at least 5 eligible payment transactions of at least 1 EUR per month; remuneration capped at 50,000 EUR on Smart and 100,000 EUR on Premium; Account Remuneration currently available in France, Spain, Italy and the Netherlands

    Source, checked September 26, 2026

  • Free trial

    1-month free trial on business account plans: 1 month free

    Offered on the Basic, Smart and Premium business account plans, prices excl. VAT

    Source, checked September 26, 2026

Country by country

Kraken vs Qonto
CountryKrakenQonto
ArgentinaYesNo
AustraliaYesNo
AustriaNoYes
BelgiumNoYes
BermudaYesNo
CanadaYesNo
CyprusYesNo
FranceNoYes

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

How much does Qonto cost each month?+

The standard plan charges a monthly fee of €19. SEPA transfers are included up to a set monthly allowance, and each transfer beyond it carries a small fixed charge. Currency conversion adds 0.8% to 1.8% on converted payments.

Is there a minimum deposit to open a Qonto account?+

There is no minimum, and the stated minimum deposit is €0. The account can therefore be opened and funded with a small balance, which suits a new business or a first freelance invoice.

Other options to compare

Kraken

Visit

Qonto

Visit