Shakepay Bitcoin Debit Card Review

shakepay bitcoin debit card

June 18, 2019

FrederikNielsen
30

Card Review: Shakepay Bitcoin Debit

The ShakePay card is one of the first among the growing offer of debit cards with Dash support. This is an optimized, simple map that works surprisingly well in its simple form.

Shakepay is an easy-to-use debit card with a more traditional approach. In addition to Ethereum support, it allows users to use Bitcoins and DASH. Card users can send crypto coins to their account, where they can be converted into national currency. This review is divided into categories: functionality and types, with a conclusion at the end.

Getting started

The card is a plain, simple black card without any information about the issuer. The only distinguishing point is the word “prepaid”, written on the card. The card works well through a magnetic stripe and through a chip. Compared to other cards with which I had problems with various merchants, I have never had any problems with ShakePay.

What you can hold

ShakePay allows users to spend their cryptocurrency in almost 200 countries, which allows users to spend more than 42 million points in online and offline mode. Users can then convert cryptocurrencies to fiat money, making the card ideal for avid cryptocurrency travelers. The card also offers its users a reward for purchases of up to 2% cashback. A special application that can be synchronized with the map allows the user to activate and deactivate it.

Trading with ShakePay

The ordering process was too simple and a bit confusing. The final score was about $ 36 expressed in Dash, while the amount to be replenished was $ 20. After replenishing the card, the user receives a confirmation message.

The ShakePay card can be used wherever VISA is accepted, however the card is available only to US residents. The conversion fee is not charged, and the maintenance fee is $1.5 per month. The fee for withdrawing an ATM in Europe is $2.5, in other regions – $3.5.

shakepay bitcoin debit card

Pros and Cons of ShakePay

The biggest advantages of this card are in a good interface and in the presence of a mobile application. The web application is simple and optimized. It provides a clear interface with the necessary information and nothing more. Basic account settings and card information are clearly displayed along with limits and fees. The main options are: topping up and creating maps, as well as upgrading to AML / KYC verification level. The mobile application, in turn, is too simple. It is so simple that when I first downloaded it, I thought that I had the wrong application. It contains mostly transaction history and the ability to recharge. Simplicity, of course, will require some getting used to, and an ordinary client, in the first place, will not hasten to trust her.

Transaction fees

Making a card costs $ 15, and the monthly maintenance fee is $ 1. Bitcoin replenishment fee is 1%, and for replenishment of Dash and Ethereum – 3%. It seems a bit expensive for Dash, but if we compare it with the use of ShapeShift for exchanging for Bitcoins and the presence of all these commissions and delays, we end up with a 3% commission justified.

shakepay bitcoin debit card

Frederik Nielsen
Frederik Nielsen

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

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