# Kraken's Krak Shot *Author: Bankless* *Published: Jun 27, 2025* *Source: https://www.bankless.com/fr/read/krakens-krak-shot* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/Group-661.png)](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=read/gett&email=true) Kraken's Krak Shot Published on June 27, 2025 [ View in Browser ](https://bankless.com/read/briefs) --- [**Sponsor: Unichain**](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=read/gett&email=true) — Faster swaps. Lower fees. Deeper liquidity. Explore Unichain on web and wallet. [Swap Today](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=read/gett&email=true) .  .  . NEED TO KNOW Trump Dodge [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/Group-14---2025-06-27T153224.389.png)](https://www.bankless.com/)- 🙅‍♂️** Trump Dodges Question on Crypto Divestment. **Trump [sidestepped](https://www.bankless.com/read/trump-dodges-question-on-crypto-divestment) whether he would divest from his crypto ventures if that proved a sticking point for passing crypto legislation. - 🪦** Ledger Courts Critiques Over Killing Nano S Software Support. **The hardware wallet, which the firm stopped selling in 2022, [will no longer](https://www.bankless.com/read/ledger-courts-critiques-over-killing-nano-s-software-support) receive vital software updates. - 🛩️** Robinhood Rolls Out 'Micro Futures' for BTC, SOL, XRP. **The product [allows customers](https://www.bankless.com/read/robinhood-rolls-out-micro-futures-for-btc-sol-xrp) to trade futures with lower margin requirements than standard futures. 📸**Daily Market Snapshot: **Wall Street's crypto ecstasy cooled Friday as CRCL fell 17% and COIN dropped 5% while the rest of the market was largely green on the day. Prices as of 3pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $3.31T ↘ 0.3% ↗ 2.5% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $106,773 ↘ 0.7% ↗ 3.4% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $2,407 ↘ 1.2% ↘ 0.3% .  .  . TACTIC Getting Started with Krak Bankless Author: [ Jack Inabinet](https://www.bankless.com/author/jack) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/image---2025-06-27T150406.457.png)](https://www.bankless.com/read/gett)Kraken is cooking up something addictive, designed to bring retail into the crypto payments game – the Krak App. Krak is a global money app built for instant sending, digital rewards, and full flexibility. With Krak, users can send over 300 digital assets in seconds and free of charge to residents of 110 countries. According to Kraken, this payments app is designed to fix the outdated norms of legacy finance by blending crypto technology with the exchange’s trusted network of banking relationships and payment partnerships. *Here’s everything you need to know about Krak. 👇* ## **🧐 Onboarding to Krak** To get started, you’ll need to install the Krak app on your mobile device. Krak is available on the [iOS App Store](https://apps.apple.com/us/app/krak-money-crypto-transfer/id6738051700) and [Google Play](https://play.google.com/store/apps/details?id=com.kraken.pay.app&pli=1). ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/Xnapper-2025-06-27-10.04.23.png)*Source: Krak App* If you already have a Kraken Exchange account, you'll need these credentials to sign into Krak. But if not, once Krak is downloaded, open the application and click “Create an account” to input your email address, create a password, add an optional invite code, and establish your country of residence (note: Krak is not available to residents of all states in America). Then, verify your email address with a provided code, then complete the identification verification process by providing a phone number and then inputting your date of birth, address, and relevant government identification. After establishing your Krak account and verifying your identity, create a “Kraktag” (your 3 to 20 character public ID on Krak), then click “Claim your tag” if it is available. Following the creation of your Kraktag, *re-input* your legal name as present on your government-issued identification, date of birth, address, and government ID number. Select the industry of your occupation, then choose how you plan to use Krak. You’ll also then be asked to provide: - How you plan to fund your account - How much money you expect to send and withdraw monthly - How many trades you plan to conduct each month - An image of your valid government-issued photo ID - An image of yourself - Address verification via location services or written documentation After completing the somewhat exhausting Know Your Customer (KYC) requirements, you’ll finally be able to use Krak. You can fund your account by linking a bank account, credit card, or directly depositing whitelisted crypto assets. From that point on, Krak operates much like any other payments application; simply search for other Kraktags you want to send funds to or request money from, add friends to your contact list, and convert between hundreds of available tokens and currencies in a unified interface.  While payment transactions on Krak can be completed for free – no matter whether domestic or international – in-app fees apply when converting digital assets or currencies. To celebrate the launch of Krak, Krak users who message the “@krak” team account and request 20 USDG by July 3 at 2:59 PM UTC will be entered into a 50-person sweepstake giveaway. > 🎉 Let’s do a giveaway to celebrate the launch of [@Krak](https://twitter.com/Krak?ref_src=twsrc%5Etfw)For the next week, request $20 USDG from [@Krak](https://twitter.com/Krak?ref_src=twsrc%5Etfw) using the new app (yes - you can log in with your existing Kraken account info).We might hit accept 👀 🎁[https://t.co/TX6pq0KZHU](https://t.co/TX6pq0KZHU) [pic.twitter.com/LsYbm4Btjo](https://t.co/LsYbm4Btjo)— Kraken Exchange (@krakenfx) [June 26, 2025](https://twitter.com/krakenfx/status/1938270815151136802?ref_src=twsrc%5Etfw) ## 💪 Krak vs. Competitors Although the KYC requirements of Krak make it substantially more intrusive than permissionless crypto-native networks, the user experience is undeniably more simplistic. Compared to blockchain-based payments on networks like Ethereum, Krak offers: - User-friendly tag address formats - Seamless in-app token conversions - 24/7 account recovery support - Automatic yield on stablecoins Compared to available U.S.-based fintech payments platforms, Krak offers: - Native yield - More available assets - Free international payments The jury is still out on whether Krak will establish itself as a leading payments application, but it is clear this application offers a compelling feature set that positions it competitively with both blockchain and TradFi-based payments services, particularly for audiences seeking free international payments or seamless crypto accessibility. ![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXe1l4JtN_KFhsye1N8G5Yc-BHZnc-Dfc6qe9GhOreqLkDzTN2Z3ysa1DV8YNKBAjkIVGHI2-jSTs_Sbqc4u2ZPafk1l9wackxFTMGa1QHY9mGBm8NnUM2jhPUbxR_xKJc4Hd6Vs5w?key=xBUaTWovXFGtRnXqaJEK6A)*Source: [Krak](https://www.kraken.com/krak)* [Read on Bankless.com](https://www.bankless.com/read/gett) ---