Updated September 29, 2026 · VaultCue Editorial Team
Kraken vs Revolut UK
Kraken
Revolut UK
Higher score in this comparison
Kraken vs Revolut UK: the differences
| Compare | KrakenReviewVisitVisit | Revolut UKReviewVisitVisit |
|---|---|---|
| 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 UK scores higher overall: 9.0 vs 8.7.
- Founded is lower at Kraken: 2011 vs 2015.
- Kraken is licensed in 5 more countries.
- Currency conversion fee is lower at Revolut UK: 0% to 1% vs 0.2%.
- Currencies is higher at Revolut UK: 30 vs 6.
- Support channels: only Revolut UK 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 UK
Revolut UK's savings account suits savers who want easy access to their money and no monthly charge: the easy-access balance pays 4% on a variable rate, each deposit is covered by FSCS up to GBP 85,000, and the account kind is easy access so nothing is locked away for a term.
Score breakdown
| Area | Kraken | Revolut UK |
|---|---|---|
| Cost | 8.7Subscription costs a monthly fee of $4.99 with conversion at 0.2%, against a site median fee of €0. | 9.3HigherA monthly fee of £0, a minimum deposit of £0 and a plan conversion fee that runs 0% to 1%. |
| Offer | 9.2The account holds 6 currencies, pays out to bank, wallet and card, and delivery is instant. | 9.6HigherThe listed features are free atm and joint account, and the app holds 30 currencies in total. |
| Trust | 8.4 | 8.5Higher |
Where each is licensed and available
| Country | Kraken | Revolut UK |
|---|---|---|
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 549300ET4IUR6RCZOL84 | |
| United Kingdom | ||
| 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 |
| Ireland | IE_CBI PSD_EMI IE_CBI!C453020 | Not confirmed |
| Lithuania | Not confirmed | LT_BL PSD_EMI LT_LT_BL_304940980 |
Spending 1,000 abroad
Kraken
2
0.2% of 1,000
Revolut UK
0 to 10
0% to 1% of 1,000
Revolut UK 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 UK |
|---|---|---|
| Current and checking accounts | 14 of 885 | 22 of 885 |
| Multi-currency accounts | 9 of 348 | 13 of 348 |
Where these facts come from
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
Revolut UK
- revolut.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 3 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Kraken | Revolut UK |
|---|---|---|
| Audience | Not confirmed | Travelers, Freelancer, Teen |
| Pricing model | Not confirmed | No monthly fee |
| 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, Phone, Help centre, EmailCovers more |
Money transfer
| Fact | Kraken | Revolut UK |
|---|---|---|
| Delivery time | instant | Not confirmed |
| Payout methods | Bank, Wallet, Card | Not confirmed |
Where each stands against the rest
| Fact | Kraken | Revolut UK | 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 UK
Pros
- Access is instant in the app, with fee-free withdrawals and no withdrawal limits.
- Support runs on chat, phone and help centre, so a phone call or email is possible when the app is not enough.
- Regulated in the UK and in Europe: the account is run by Revolut Payments UAB, founded in 2015 and headquartered in Lithuania.
Cons
- The rate type is variable, so the 4% can move and nothing is fixed for a set period.
- The savings sit with a savings deposit partner rather than the brand itself, and the account licence type is e money.
- On headline rate the account ranks at 142 of 473 brands compared, so the return is competitive rather than exceptional.
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 UK
Who it suits
- Savers who want instant app access and no charge for holding the balance, rather than a card and credit deal such as AXI Card Tarjeta y Credito at 21.59%.
- Travelers, freelancers and teens, the audience named in travelers, freelancer and teen, who want 30 currencies and a conversion fee that runs 0% to 1%.
- Anyone starting out with a wallet, since PayPal Colombia is the listed alternative at 3.3% and this balance pays 4% with iban details.
Who should look elsewhere
- Savers shopping on the headline rate alone: the listed alternative Plazo ES shows 24.19% and AXI Card Tarjeta y Credito shows 21.59%, both far above the 4% paid here.
- People who need the return fixed for a set period, since the rate type is variable and the balance is easy-access by design.
- Customers who want the deposits held by the brand itself: the account licence type is e money and the savings sit with a savings deposit partner, a different structure from the listed wallet alternative PayPal Colombia at 3.3%.
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 UK |
|---|---|---|
| Argentina | Yes | No |
| Australia | Yes | No |
| Bermuda | Yes | No |
| Canada | Yes | No |
| Cyprus | Yes | No |
| Ireland | Yes | No |
| United Kingdom | Yes | No |
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 UK
What rate does the Revolut savings account pay?+
The easy-access balance pays a headline rate of 4%, and the rate type is variable, so the return can move with the market. Nothing has to be locked away for a term, and the account kind is easy access, so interest is credited on the balance you keep.
Is there a monthly fee or a minimum deposit?+
The monthly fee is £0 and the minimum deposit is £0, so the account can be opened with nothing in it and left open without a charge. The model is listed as no monthly fee, and 91.7% of the accounts compared run the same way.
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