Taking Krak Cashback in Bitcoin or in Currency

Krak lets you choose the currency your cashback arrives in. Euro and sterling behave like any cash rebate. Bitcoin does not.

Taking rewards in BTC turns every purchase into a small automatic buy

Taking rewards in bitcoin turns every purchase into a small, automatic buy at whatever the price is that day. Over a year of ordinary spending that adds up to a steady accumulation you never actively decided on — which is the appeal for some people and the problem for others.

It also changes the tax picture in many places, because acquiring and later disposing of an asset is a different event from receiving a rebate. Rules vary by country and we are not the right source for yours; the point is that the two options are not equivalent paperwork.

Choose BTC only if you would buy that amount deliberately

Ask whether you would buy the same amount of bitcoin deliberately each month. If yes, the BTC option automates something you were going to do. If no, take the currency and buy separately when you actually mean to.

The setting is easy to change later, so it is worth revisiting rather than leaving on whatever you picked at signup.

Tracked values on the Krak Card page.