Updated September 29, 2026 · SumCue Editorial Team
bunq Spain vs Kraken
bunq Spain
Kraken
Higher score in this comparison
bunq Spain vs Kraken: the differences
| Compare | bunq SpainReviewVisitVisit | KrakenReviewVisitVisit |
|---|---|---|
| Minimum deposit | €10 | $1 |
| Markets | Stocks, ETFs, Crypto | Stocks, ETFs, Forex, Crypto, FuturesCovers more |
| Regulators | De Nederlandsche Bank, SIPC | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) |
| Currency conversion fee | 0.5% to 3% | 0%Lower |
| Platforms | Bunq app | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet |
| Stock trade fee | Not confirmed | $0 |
| Deposit and withdrawal fees | Not confirmed | Free bank deposits, card 3.75% + 0.25 |
| Maximum retail leverage | Not confirmed | Up to 10x |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- Kraken scores higher overall: 9.2 vs 9.0.
- Regulators: only bunq Spain offers De Nederlandsche Bank, SIPC.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- bunq Spain is licensed in 5 more countries.
- Currency conversion fee is lower at Kraken: 0% vs 0.5% to 3%.
- Markets: only Kraken offers Forex, Futures.
- Platforms: only bunq Spain offers Bunq app.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Features: only bunq Spain offers Multi currency, Virtual card, Travel.
- Features: only Kraken offers Mobile app.
Our verdict on each
bunq Spain
bunq Spain is an app-led easy-access saver for people who want savings, card and markets in a single app, with no monthly charge and a variable rate of 3.01%. It suits students and multi-currency spenders, and less suited to anyone shopping only on the highest advertised rate.
Kraken
Kraken suits active crypto traders who also want stocks, ETFs, forex and futures alongside digital assets, with commission free stock dealing at $0 and cover shown as EU ICS up to EUR 20,000. Support runs through help centre routes, so traders who want phone help should weigh that trade off before opening an account.
Score breakdown
| Area | bunq Spain | Kraken |
|---|---|---|
| Cost | 8.8A monthly fee of €0 and an opening deposit of €10 mean there is no charge to sit on the balance. | 9.3HigherStock dealing costs stay lean at $0 for equity orders. |
| Offer | 9.1HigherA variable 3.01% on easy-access money, plus multi currency, crypto and virtual card covering crypto, cards and travel in the same app. | 9.0Market choice spans stocks, ETFs and forex with broad coin coverage. |
| Trust | 9.2 | 9.3HigherOversight links to Central Bank of Ireland, Cyprus Securities and Exchange Commission and Financial Conduct Authority with stated scheme cover. |
Where they rank in our lists
| Ranking | bunq Spain | Kraken |
|---|---|---|
| Credit and debit cards | 7 of 1594 | 327 of 1594 |
| Debit cards | 5 of 826 | 15 of 826 |
| Investing | 11 of 654 | 25 of 654 |
| Stock and ETF brokers | 7 of 358 | 15 of 358 |
| Crypto | 6 of 428 | 18 of 428 |
| Crypto exchanges | 4 of 330 | 16 of 330 |
Every fact side by side
| Fact | bunq Spain | Kraken |
|---|---|---|
| Features | Multi currency, Crypto, Virtual card, Travel | Crypto, Mobile app |
| Pricing model | No monthly fee | Commission free |
| Audience | Student | Beginners, Experienced |
| Legal entity | bunq B.V. | Not confirmed |
| Headquarters | Netherlands | Not confirmed |
| Founded | 2012 | Not confirmed |
| Support channels | Email, Chat, Help centre | Not confirmed |
Debit cards
| Fact | bunq Spain | Kraken |
|---|---|---|
| Monthly fee | €0 | €0 |
| Free ATM withdrawals | Not confirmed | €0 |
| Card type | Debit | Debit |
| Cashback rate | Not confirmed | 0.5% to 2% |
| Card network | Mastercard | Mastercard |
| Currencies | 8 | 600Higher |
| Custody | Not confirmed | Self custody |
Credit cards
| Fact | bunq Spain | Kraken |
|---|---|---|
| Annual fee | €0 | Not confirmed |
| Card kind | Credit | Not confirmed |
Crypto exchanges
| Fact | bunq Spain | Kraken |
|---|---|---|
| Taker fee | 0.25% to 1.99% | 0.05% to 0.8%Lower |
| Coins listed | from 350 | 728 |
| Fiat deposit methods | Not confirmed | Card, Bank, SEPA, ACH, Apple pay |
| Maker fee | 0.25% to 1.99% | 0% to 0.4%Lower |
| Proof of reserves | Not confirmed | Yes |
| Derivatives | Not confirmed | Yes |
| Exchange type | Cex | Cex |
Personal insurance
| Fact | bunq Spain | Kraken |
|---|---|---|
| Premium from | €0 | Not confirmed |
| Monthly payments | Yes | Not confirmed |
Crypto wallets
| Fact | bunq Spain | Kraken |
|---|---|---|
| Wallet type | Not confirmed | Mobile |
| Price | Not confirmed | $0 |
| Coins supported | Not confirmed | 728 |
| Backup options | Not confirmed | Seed |
Where each stands against the rest
| Fact | bunq Spain | Kraken | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Currency conversion fee | 0.5% to 3%above the median | 0%below the median | 0.4 |
Median across 94 listed providers.
Pros and cons
bunq Spain
Pros
- A monthly fee of €0 and an annual fee of €0, so an easy-access balance can stay open without a charge.
- multi currency, crypto and virtual card puts multi-currency, crypto, a virtual card and travel features in the same app as the savings balance.
- Deposits sit under EU DGS up to EUR 100,000 and the Spanish account is supervised by Banco de España.
Cons
- The variable 3.01% sits below Starling Personal Account Debit Card at 4%, so the rate is not the reason to open it.
- Support runs on email, chat and help centre only, with no phone line, while 74.4% covers a large share of the savings market.
- The opening deposit of €10 sits above the €0.88 median minimum across savings accounts, which puts a floor under the first transfer.
Kraken
Pros
- Commission free stock dealing at $0, below DKB at €10
- Low entry with $1 alongside fiat choice across card, bank and SEPA
- Broad venue with stocks, ETFs and forex and 728 plus published proof of reserves
Cons
- Support runs on help centre only, so you manage queries through help centre paths.
- Card funding carries extra cost within Free bank deposits, card 3.75% + 0.25, so bank routes suit cost aware deposits.
- Coin trading fees run 0.05% to 0.8%, so frequent takers should weigh volume tiers.
Who each suits
bunq Spain
Who it suits
- Students and younger savers: student points at student accounts, and an app-led model suits building a balance as a habit.
- Savers who want spending and saving in one place: stocks, etfs and crypto covers stocks, ETFs and crypto, with multi currency, crypto and virtual card adding cards and travel perks.
- Households that spend across currencies, with 8 currencies supported and a conversion fee of 0.5% to 3%.
Who should look elsewhere
- Savers chasing the highest easy-access rate: Starling Personal Account Debit Card pays 4% against 3.01% here.
- Readers tempted by a far bigger advertised figure: Finteres quotes 0% to 36%, a much wider spread to shop around in.
- Anyone who wants a phone line rather than app support, since email, chat and help centre covers the help centre, email and chat only.
Kraken
Who it suits
- Active traders wanting crypto plus stocks, ETFs, forex and futures in a shared venue
- Cost aware equity investors drawn to dealing at $0 with modest entry at $1
Who should look elsewhere
- ActivTrades if you want phone led help rather than help centre paths on help centre
- DKB if you prefer bank bundled investing over crypto led coverage at 728
Country by country
| Country | bunq Spain | Kraken |
|---|---|---|
| Belgium | Yes | No |
| France | Yes | No |
| Germany | Yes | No |
| Ireland | Yes | No |
| Italy | Yes | No |
| Netherlands | Yes | No |
| Spain | Yes | No |
Questions about each
bunq Spain
Is the interest rate fixed, or can it change?+
The rate is variable, so it can move with the provider rather than being locked to a term. It currently reads 3.01%, a shade above the 3% median across savings accounts. Anyone planning around a guaranteed figure for a set period should look elsewhere, because this account trades that certainty for easy access.
Is my money protected if the provider fails?+
Deposits sit under EU DGS up to EUR 100,000, and the Spanish operation is supervised by Banco de España. Read the figure as a ceiling rather than a target: any balance held above the stated amount has no cover from the scheme. Holding a workable amount elsewhere covers the rest without changing how this account works.
Kraken
What is the minimum deposit to start with Kraken?+
You can open an account with $1, which keeps entry modest for new funders. Bank routes are available alongside card and wallet paths, so you can choose the rail that fits your timing and cost preference.
How much does Kraken charge for stocks and crypto trades?+
Stock dealing is shown as $0, which keeps equity orders lean. Crypto taker fees run 0.05% to 0.8%, so your all in cost depends on asset class, order type and monthly volume tier.
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