Oleg Galeev

8 months ago

Shakepay Announced Long-Awaited Visa Card With Bitcoin Cashback

Crypto Visa cards in Canada

Shakepay’s long-awaited crypto visa card is finally here. Shakepay users can spend their dollars anywhere that accepts Visa and receive cashback in bitcoin.

Users can top up their Canadian dollar balance by either selling their crypto, or by sending an Interac e-Transfer to their Shakepay account. They can spend their dollars wherever Visa is accepted, both online or in stores. The Shakepay Card can also be used With Apple Pay and Google Pay where accepted.

When using the Shakepay card for purchases, users will receive 1% cashback in bitcoin on every purchase plus an additional 1% on the first $5,000 they spend. Bitcoin rewards will be settled automatically in users’ bitcoin wallets, separate from their card’s spending balance. Users will receive real bitcoin, not derivatives or IOUs, which means they can move their bitcoin to a private wallet that they control.

REAL ALSO: The Best Crypto Exchanges in Canada in 2021 

For security, users can set up two-factor authentication and put a freeze on their card should they lose it.

The Shakepay Card has no annual fees and there are no credit checks. Anyone living in all 13 provinces and territories who has a verified Shakepay account is eligible to receive the card.

The Shakepay Card will be rolled out in waves. To get it, Shakepay customers must have a verified Shakepay account, download the Shakepay app and join the waitlist. Once joined, users will see their waitlist position in the app and can move up the waitlist by inviting friends to Shakepay and by shaking their phone each day.

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Author

Oleg is a crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun.