Shakepay Card

#30 (out of 51) in Crypto Cards
#6 (out of 11) in Crypto Cards for North America
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Overall Rating
Company Strength
Fee Structure
Customer Service
  • Cashback is in Bitcoin
  • Apple Pay Enabled
  • Only BTC and ETH supported
  • High Foreign Exchange Fee
Visa or MC
Debit or Credit

Prepaid Card

Denominated In$ CAD
Apple PayEnabled
Monthly Fee

0.00 CAD

Monthly Inactivity Fee

0.00 CAD

Crypto to CAD Crypto->CAD Conversion Cost


Highest Cashback


Entry-Level Cashback


Entry-Level Cashback Monthly Cap

500 CAD

Daily Spending Limit

3,000 CAD

Daily ATM Withdrawal Limit

1,000 CAD

Foreign Exchange Fee


Crypto to Fiat Conversion

Manual when Preloading

Crypto Asset Management

Custodial (stores crypto keys on your behalf)

Supported Countries
Supported CryptocurrenciesBTCETH
Shakepay Card: Enjoy Bitcoin cashback and Apple Pay compatibility

Shakepay Card: Enjoy Bitcoin cashback and Apple Pay compatibility

Shakepay Card Benefits and Rewards

Shakepay card offers 1% cashback on all purchases you make with the card, plus an additional 1% for the first $5,000 CAD as a signup bonus.

Cashback rewards are paid in Bitcoin and deposited into your Shakepay account.

Reality CheckAlthough other cards may advertise higher cashback rates, entry-level users with 1,000 CAD in assets typically receive much lower cashback rates from those cards. When compared at the entry-level tier, Shakepay Card's 1% cashback offers more value:

Shakepay CardIndustry Average1
Entry Level Cashback1%1%
Entry Level Cashback Monthly Cap500 CAD400 CAD

Shakepay Card is a Prepaid Card

  • Debit Card
  • Credit Card
  • Prepaid Card
  • CA888888888888
  • Canada flag Canada-based Bank Account
  • in your name

Shakepay Card is a prepaid card carrying its own balance, and you'll need to top it up before use. Alongside, Shakepay offers you a personal bank account. You'll receive a Canada-based bank account number, issued in your name, which is a nice additional option to have.

Useful:Some crypto card companies only allow fiat deposits from accounts that are directly in your name. With Shakepay, third party senders are able to deposit funds into your bank account, which means you can receive fiat withdrawals from exchanges or receive salary payments.

It's Issued Solely in Virtual Form, Lacking a Physical Version

Shakepay Card is available solely in virtual format, unlike 40% of crypto cards offering both physical and virtual versions. This means you cannot use it for ATM withdrawals, or at places like car rental companies or hotels that require a physical card for security deposit and identity verification. The virtual card will be issued to you instantly after you complete the KYC Identity Verification.

Wondering about the pros and cons of virtual-only format? Here are some highlights:

No Physical Card
Virtual Card
No ATM WithdrawalsInstantly Available, No Waiting for Mail
No Card when Hotels or Car Rentals Require itIdeal for Online Purchases
No Card When Phone Dies or no InternetEnvironmentally Friendly
No Feel-Good Backup Payment MethodNo Tangible Item to Misplace

Useful:Since Shakepay Card supports Apple Pay, you can still use this card in real life, to pay for everyday purchases.

Crypto-to-CAD Conversion Cost with Shakepay Card

Shakepay Card Requires Pre-Load

Before you can use your Shakepay Card, you will need to top-up your account. This means you will have to convert your crypto in advance, exchanging it to CAD and moving it to the card account, to make it available for spending.

Crypto to Fiat Conversion Fee0%
Sell Spread~0.75%
Load Fee0%
Transaction Fee
Total Crypto to CAD Cost~0.75%

Low Cost:Compared to the average ~1.7% crypto-to-fiat cost of other cards, converting crypto with Shakepay Card is much more cost-effective (~0.75%). This means that you will get more CAD for your crypto when using this card.

From all crypto cards we reviewed for North America, Card, Shakepay Card and Netcoins Card offer the cheapest crypto-to-fiat conversions (~0.75%, ~0.75% and ~1.1% respectively), while converting crypto with Coinbase Card will cost you the most, ~4%.

How Does Shakepay Card Compare to Other Crypto Cards?

Shakepay Card ranks #30 out of 51 amongst all the crypto cards we have reviewed so far. This card is a solid choice among the many crypto cards available, offering competitive features and benefits.

We compared Shakepay Card with 10 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.

Strongest Features Against Competitors

Here are the strongest features of Shakepay Card against its 10 competitors:

  • Offers up to 500 CAD per month in cashback for entry-level users (exceeding the competitors' 400 CAD average).
  • Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~0.75% (versus an average of ~1.8% with other cards.)

Weakest Features Against Competitors

Compared to its 10 competitors, here are the shortcomings of Shakepay Card:

  • Offers 1% cashback (while other cards give an average of 3%).
  • Has a Foreign Exchange Fee of 3% (other cards have 1.5% average).
  • Daily spend is capped at 3,000 CAD (while other cards offer 11,500 CAD daily spend limit on average).
  • Supports only 2 cryptocurrencies, BTC and ETH (while other cards support an average of 30).
  • Requires preconversion of crypto to load the card (while 30% of competitors auto-convert on every purchase).
  • Only available in virtual format (while 40% of competing crypto cards offer both physical and virtual cards).
  • Shakepay Card vs. Kinesis Card vs. Coinbase Card

    Shakepay Card
    Kinesis Card
    Coinbase Card
    Monthly Fee 0.00 CAD 0.00 CAD 0.00 USD
    Crypto to Fiat Cost ~0.75% ~2.42% ~4%
    Highest Cashback 1% None up to 4%
    Entry-Level Cashback 1% None 1%
    Daily Spending Limit 3,000 CAD 15,000 CAD 2,500 USD
    Daily ATM Limit 1,000 CAD N/A (Virtual-Only Card) 1,000 USD
    Foreign Exchange Fee 3% 1% 2.49%
    Asset Management Custodial Custodial Custodial
    Availability for United States flagUnited States
    Supported Cryptocurrencies 2 14 235
    Apple Pay Enabled Not Enabled Enabled
    Customer Service Average Great Great
    Company Strength Medium Medium Strong

    If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Kinesis Card offers the highest daily spending limit of 15,000 USD. You will get lower daily limits with Shakepay Card and Coinbase Card.

    Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Coinbase Card offers the best cashback rewards of up to 4%. The cashback rewards for Shakepay Card are not as high. With Kinesis Card, you will have no cashback rewards at all.

    To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.

Shakepay Referral Code - to Get 20 CAD Bonus

You can use referral code 237KFGD to get 20 CAD bonus when you create an account on Shakepay platform.

Here's how you can enter the referral code:

Shakepay referral code

..or, just click here.

Your bonus will be paid out to you right after you buy your first 100$ worth of crypto.

p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗

Is Shakepay Card Available for Residents of United States?

No, Shakepay Card is not available for residents of United States.

Shakepay Card supports: Canada.

To see our list of available crypto cards for United States, see this list. There are currently 9 cards listed there.

You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.

Good Info. What's My Next Step?

Paulina Masson

Paulina Masson

Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.

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