There's a strange assumption that if you don't actively buy Bitcoin, there's no reason to use a crypto platform.
I'm not sure I agree.
I've been looking at Shakepay less as a place to buy Bitcoin and more as a way to accumulate small amounts of Bitcoin through normal financial activity.
That distinction matters.
Let's say I spend $2,000 a month
I'm going to spend money regardless.
Groceries.
Subscriptions.
Gas.
Online purchases.
Whatever.
If I use a card that gives me Bitcoin rewards on eligible purchases, I'm not necessarily changing my spending.
I'm changing what I receive from the spending.
Shakepay currently offers 1% cashback for Base and Bright customers and 1.5% for Blue customers.
At $2,000 of eligible spending, that's potentially $20–$30 worth of Bitcoin rewards.
That's not going to change my life.
But it's also not zero.
And if Bitcoin increases in value over time, those sats could eventually be worth more than when they were earned.
Of course, the opposite is also possible because Bitcoin's price can fall.
That's the trade-off.
The daily shake is another example
ShakingSats doesn't require me to spend money.
Eligible users can shake once a day and earn sats, with the reward increasing based on the streak and reward status.
Again, tiny amounts.
But there's something I like about the concept.
It creates a habit.
Open app.
Shake.
Close app.
Done.
Then there are reward tiers
This is where Shakepay gets more interesting.
The current system has Base, Bright and Blue statuses.
Bright can be reached by exchanging $100+ or receiving $200+ in eligible direct deposits during a calendar month.
Blue requires $1,000+ in exchanges or $2,000+ in eligible direct deposits.
Blue currently includes 1.5% card cashback, up to 500 sats per daily shake, and higher interest benefits.
But here's the important part:
I wouldn't manufacture activity just to reach a reward tier.
If you have to move money around unnecessarily or spend money you wouldn't otherwise spend, the reward isn't really free.
The goal should be to use the features that naturally fit into your financial life.
So is Shakepay worth it?
For someone who wants to actively trade dozens of cryptocurrencies?
Probably not the reason I'd choose it.
For someone who wants a simple Canadian Bitcoin platform and likes earning small amounts through spending and other rewards?
That's much more interesting.
I'm treating it as a Bitcoin accumulation tool, not a get-rich-quick scheme.
The real question isn't whether I can earn $5 this week.
It's: How much Bitcoin can I accumulate over the next few years without making it another major expense?
That's what I'm going to find out.
Posted Using INLEO
