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Figure Markets
Krak

Krak

Krak is a new simple crypto-powered mobile payment app by the popular Kraken crypto exchange. It is designed to be a crypto-friendly alternative to Ve...

PayPal

PayPal

PayPal is one of the first major U.S. fintech companies to launch its own regulated stablecoin, PYUSD, issued by Paxos and fully backed by U.S. dollar...

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General

Platform
Krak logo
PayPal logo
Founded
Krak 2025
PayPal 1998
Headquarters
Krak San Francisco, CA
PayPal San Jose, CA
Availability
Krak Worldwide
PayPal Worldwide

Fees & Financial

Bonus
Krak $10 bonus after $10 deposit with code: CIR
PayPal $10 bonus
Token
Krak
PayPal PYUSD
Compounding
Krak Yes
PayPal No
Payouts
Krak Weekly
PayPal
Fees
Krak None
PayPal
Lockup
Krak None
PayPal None
Maker Fee
Krak
PayPal
Taker Fee
Krak
PayPal

Cryptocurrency Rates

BTC Rate
Krak 0.1%
PayPal
BTC Max
Krak
PayPal
ETH Rate
Krak 1%
PayPal
ETH Max
Krak
PayPal
Stablecoin Rate
Krak 3.6%
PayPal 4%

Unique Pros

  • Simple, fee-free and rewarding app to manage crypto payments
  • Pays interest rewards on most coins
  • No lock ups

Key Cons

  • Rates are modest
  • New app with limited features vs full Kraken

Unique Pros

  • Integrated with existing PayPal account
  • Mainstream-friendly onboarding

Key Cons

  • PYUSD only
  • Lower rates than dedicated crypto platforms