Shakepay Visa Prepaid Card review: fees, cashback and limits

Canada's bitcoin app with a free Visa that pays up to 1.5% back in bitcoin.

By Taimoor, founder and editor Last checked 17 October 2026 3 sources

5.0out of 10

Quick answer

Shakepay is a Montreal-based bitcoin app with a free Visa prepaid card for all 13 Canadian provinces and territories. It pays up to 1.5% back in bitcoin on every purchase, with no annual fee and no credit check, and works with Apple Pay and Google Pay. You fund it with Interac e-Transfer, and it spends Canadian dollars. Foreign-currency purchases carry a 3% fee, so it's a card for spending at home.

Shakepay at a glance

Best for	Canadians who want to stack bitcoin on everyday spending in CAD.
Skip it if	You travel or shop in other currencies often; 3% FX wipes out the cashback.
Network	Visa
Card issuer	Not named on the card page (Visa prepaid program)
Custody	Custodial. Shakepay holds your CAD and bitcoin.
Card type	Prepaid
Virtual or physical	Virtual and physical
Cashback	Up to 1.5% in bitcoin
Annual fee	None
Apple Pay / Google Pay	Yes / Yes
Identity check (KYC)	Required (Canadian ID)
Where it works	All 13 Canadian provinces and territories.

Shakepay fees

Card cost	Free
Annual or membership fee	None
FX and cross-border	3% on purchases in foreign currencies
Crypto conversion	The card spends CAD. Buying or selling bitcoin or ether includes a spread, typically 1% to 2%.
ATM withdrawals	No Shakepay fee listed. Up to $500 per withdrawal and $1,000 a day.
Other fees	Interac e-Transfer deposits are free

Visa applies its own exchange rate on top of any card markup. Check the fee page in the Shakepay app for your country before you load money. To see what Shakepay would cost you in a year compared with every other card, try the cost calculator.

What a $100 purchase costs with Shakepay

Not publishedPaid from stablecoins in the card's own currency

Not publishedPaid from stablecoins in a foreign currency

$1.50Paid from other crypto, like BTC or ETH

$1.50Cashback on $100, Standard tier

These are Shakepay's own fees on the Standard tier, before the card network's exchange rate and any ATM or top-up costs. Its FX markup of 3% is higher than the median of 1% across the 60 cards we track with a published FX fee, and cheaper than 1 of them. For a full year based on your own spending, use the cost calculator.

Where it ranks by our score: #6 of 7 in Canada

Cashback and rewards

Up to 1.5% back in bitcoin on purchases at eligible merchants worldwide
Settled automatically to your Shakepay bitcoin balance
Free daily ShakingSats rewards in the app

Deposits and withdrawals

How to top up

Interac e-Transfer from any Canadian bank
Sell bitcoin or ether in the app for CAD

Fees: Interac deposits free. Crypto sales include a spread.

How to withdraw

Interac e-Transfer to your bank
Send bitcoin to your own wallet
ATM cash

Fees: No Shakepay withdrawal fee listed. Network fees on bitcoin sends.

Supported assets: CAD, bitcoin and ether.

Where Shakepay works

All 13 Canadian provinces and territories.

Outside Canada.

Canada

Limits and perks

Limits

ATM: $500 per withdrawal, $1,000 a day

Perks

Daily ShakingSats bitcoin rewards
Bitcoin line of credit (separate product)

Pros and cons

What's good

Up to 1.5% back in bitcoin with no annual fee
Built and regulated in Canada
Instant Interac funding

What's not

3% FX fee
Canada only
Custodial

Our take on Shakepay

Shakepay is one of the best-known bitcoin apps in Canada, and its Visa prepaid card adds a simple reward: up to 1.5% back in bitcoin on what you spend. There's no annual fee and no credit check, and you load it by Interac e-Transfer from any Canadian bank, so it fits neatly into everyday banking.

The card spends Canadian dollars, which makes it cheap at home. Abroad it's a different story: a 3% foreign transaction fee is more than double the cashback, so leave it at home when you travel. Your bitcoin rewards land in your Shakepay account, and you can send them to your own wallet any time.

A great Canadian everyday card for stacking bitcoin. Use something else for foreign currency.

How we scored Shakepay: 5.0/10

Methodology

Fees 30%

6 Free card, no annual fee, but 3% FX.

Rewards 20%

6 Up to 1.5% in bitcoin, uncapped.

Control 20%

4 Custodial, FINTRAC-registered Canadian company.

Reach 15%

2 Canada only.

Flexibility 15%

6 Interac, bitcoin and ether.

Shakepay FAQ

How much bitcoin cashback does the Shakepay card pay?

Up to 1.5% back in bitcoin on purchases at eligible merchants, settled to your Shakepay account.

Does the Shakepay card have a foreign transaction fee?

Yes, 3% on purchases in other currencies.

Is the Shakepay card available in every province?

Yes. Shakepay says it's available in all 13 provinces and territories.

Sources

Shakepay CardCashback, fees, provinces, checked Oct 17, 2026
Savvy New Canadians: Shakepay Card review3% FX fee, ATM limits
cryptonoshi: Shakepay CardCard listing

We checked these sources on 17 October 2026. Fees and rewards change often. Spotted something out of date? Report a correction and we'll check it within two working days.