Onramp Lending (yield and lending) and Shakepay (fintech) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? In our scoring model, Onramp Lending holds a commanding lead at 84/100 (A-) compared to Shakepay at 63/100 (C+). That 21-point gap reflects real, measurable differences in how each platform handles custody, fees, and transparency.
Custody and security — the most heavily weighted category in our methodology at 35% — tilts 48 points toward Onramp Lending (88 vs. 40). Onramp Lending eliminates single points of failure in its custody architecture, while Shakepay relies on a model where one compromised entity could put your bitcoin at risk. Shakepay stands out on ease of use (88 vs. 78), reflecting Shakepay's user experience and onboarding flow.
Here's the key difference: Onramp Lending has no single point of failure (Multi-Institution Collateral), while Shakepay does (Single Custodian). This matters because a single-point-of-failure model means one compromised entity — whether through a hack, insolvency, or government action — could result in total loss of funds. History has proven this risk is not theoretical. FTX, Celsius, and BlockFi all represented single points of failure for their users.
Onramp Lending is the clear choice here, outscoring Shakepay by 21 points across our six-category methodology. Keep in mind these platforms target different audiences — Onramp Lending is built for hnw borrowers, while Shakepay serves canadian. One thing to watch with Shakepay: single custodian. canada-only. spread-based pricing.. The data speaks for itself — but always verify our methodology and do your own due diligence before moving bitcoin to any platform.
Based on our six-category scoring methodology, Onramp Lending scores higher at 84/100 compared to 63/100. The biggest differentiator is custody security, which accounts for 35% of the overall score. However, the right choice depends on your individual needs — review the category breakdown above.
Onramp Lending scored 88/100 on custody and security in our methodology. It has no single point of failure, distributing custody across multiple entities. Its custody model is classified as Multi-Institution Collateral. Always verify these details and do your own research.
Yes. Shakepay uses a Single Custodian model, which means a single compromised entity could put your bitcoin at risk. This is a structural concern for long-term holders.
Onramp Lending charges Varies by loan. Shakepay charges ~1.5% spread. Onramp Lending scored 76/100 on fees versus 72/100 for Shakepay in our methodology.
Onramp Lending does not advertise a dedicated inheritance feature. Shakepay does not advertise a dedicated inheritance feature. Match the mechanism, whether beneficiary designation, trust titling, or key inheritance, to your estate plan.
Onramp Lending's custody insurance is not publicly disclosed. Shakepay's custody insurance is not publicly disclosed. Custody insurance covers specific named events up to shared limits, not price loss or every failure mode. Verify current terms before relying on coverage.
Onramp Lending manages keys for you; you hold none. Shakepay manages keys for you; you hold none. This is the core structural difference to weigh.