Updated September 28, 2026 · VaultCue Editorial Team
Kraken vs Revolut AU
Kraken
Revolut AU
Higher score in this comparison
What sets them apart
| Compare | KrakenReviewVisitVisit | Revolut AUReviewVisitVisit |
|---|---|---|
| Monthly fee | $4.99 | £0 |
| Licence type | Payment institution | E money |
| Deposit protection | EU DGS up to EUR 100,000 | FSCS up to GBP 85,000 |
| Currency conversion fee | 0.2% | 0% to 1%Lower |
| Currencies | 6 | 30Higher |
| Transfer fee | Based on method and currency used; funding fees can be static (fixed) or dynamic (variable) | Free in SEPA; paid plans discount elsewhere, free on Ultra worldwide |
| Local account details | Not confirmed | IBAN |
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Key differences
- Revolut AU scores higher overall: 9.1 vs 8.7.
- Founded is lower at Kraken: 2011 vs 2015.
- Kraken is licensed in 6 more countries.
- Revolut AU is available in 32 more countries.
- Currency conversion fee is lower at Revolut AU: 0% to 1% vs 0.2%.
- Currencies is higher at Revolut AU: 30 vs 6.
- Support channels: only Kraken offers Email.
- Support channels: only Revolut AU 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.
Revolut AU
Revolut AU is a fair pick for travellers, freelancers and teens who want many currencies without a monthly charge. It scores 7.6 overall, with an offer part of 9.3 and a cost part of 6.3. The monthly fee is £0 and the currency conversion fee runs 0% to 1%.
Score breakdown
| Area | Kraken | Revolut AU |
|---|---|---|
| Cost | 8.7Subscription costs a monthly fee of $4.99 with conversion at 0.2%, against a site median fee of €0. | 9.4HigherMonthly fee of £0 and currency conversion fees of 0% to 1% sit near the site medians of €0 and 0.5%. |
| Offer | 9.2The account holds 6 currencies, pays out to bank, wallet and card, and delivery is instant. | 9.3HigherHolds 30 currencies, 4% variable savings and free atm and joint account, giving an offer score of 9.3. |
| Trust | 8.4 | 8.6Higher |
Licences and countries
| Country | Kraken | Revolut AU |
|---|---|---|
| United Kingdom | Financial Conduct Authority 933846 | |
| 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 | |
| Ireland | IE_CBI PSD_EMI IE_CBI!C453020 | Not confirmed |
| Lithuania | Not confirmed | LT_BL PSD_EMI LT_LT_BL_304940980 |
Available in 4 countries for both. Additional countries for Kraken: 3. Additional countries for Revolut AU: 35.
Spending 1,000 abroad
Kraken
2
0.2% of 1,000
Revolut AU
0 to 10
0% to 1% of 1,000
Revolut AU comes out 2 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.
How they place
| Ranking | Kraken | Revolut AU |
|---|---|---|
| Current and checking accounts | 14 of 885 | 21 of 885 |
| Money transfer services | 21 of 1564 | 28 of 1564 |
| Multi-currency accounts | 9 of 348 | 12 of 348 |
Every fact side by side
| Fact | Kraken | Revolut AU |
|---|---|---|
| Audience | Not confirmed | Travelers, Freelancer, Teen |
| Pricing model | Not confirmed | No monthly fee, Low FX |
| Features | Not confirmed | Free ATM, Joint account |
| Legal entity | Payward Europe Solutions Limited | Revolut Payments UAB |
| Headquarters | Ireland | Lithuania |
| Founded | 2011Lower | 2015 |
| Support channels | Email, Phone, Help centre | Chat, Help centre, Phone |
Money transfer
| Fact | Kraken | Revolut AU |
|---|---|---|
| Delivery time | instant | Not confirmed |
| Payout methods | Bank, Wallet, CardCovers more | Bank |
Savings
| Fact | Kraken | Revolut AU |
|---|---|---|
| Headline rate | Not confirmed | 4% |
| Rate type | Not confirmed | Variable |
| Minimum deposit | Not confirmed | £0 |
| Access terms | Not confirmed | Instant access via the Revolut app, fee-free withdrawals, no withdrawal limits |
| Account kind | Not confirmed | Easy access |
Where each stands against the rest
| Fact | Kraken | Revolut AU | Median |
|---|---|---|---|
| Currency conversion fee | 0.2%below the median | 0% to 1%below the median | 0.5% |
| Currencies | 6above the median | 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.
Revolut AU
Pros
- Monthly fee of £0, ranked 1 of 500 brands on that measure.
- Currencies held number 30, well above the site median of 5 for the set.
- A savings balance paying 4% at a variable rate, against a site median of 3%.
Cons
- Deposit protection is listed as FSCS up to GBP 85,000, and the licence type is e money rather than a bank licence.
- The savings rate is variable, so the 4% figure can move.
- Transfer pricing is uneven: free in SEPA, discounted on paid plans elsewhere, and free on Ultra worldwide.
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
Revolut AU
Who it suits
- Travellers holding several currencies, one of the audiences in travelers, freelancer and teen.
- Freelancers billing across currencies who want local account details such as iban.
- Teens in travelers, freelancer and teen who want a joint account or free ATM withdrawals.
Who should look elsewhere
- Anyone wanting a bank licence rather than e money cover.
- Skrill, if you want a money transfer service rather than a multi-currency current account.
- XTB, if you want a trading platform with its own fee of €0.
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
Country by country
| Country | Kraken | Revolut AU |
|---|---|---|
| Argentina | Yes | No |
| Austria | No | Yes |
| Belgium | No | Yes |
| Bermuda | Yes | No |
| Brazil | No | Yes |
| Bulgaria | No | Yes |
| Canada | Yes | No |
| Croatia | No | Yes |
8 of 42 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.
Revolut AU
What is the monthly fee on Revolut AU?+
The monthly fee is £0, and the account sits in the no monthly fee and low fx model. It ranks 1 of 500 brands on monthly fee, matching the site median of €0, so nothing is deducted for holding the account.
How much does it cost to change currency?+
Currency conversion costs 0% to 1% across 30 currencies. The upper end of that range sits near the everyday-account maximum of 3.99%, so frequent conversion is the line to watch in the pricing.
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