Paxos vs Shakepay
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Paxos vs Shakepay: What the Data Shows
Paxos (stablecoin-issuer) and Shakepay (fintech) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? Paxos scores 78/100 (B+) versus 63/100 (C+) for Shakepay. The 15-point spread is meaningful — it usually comes down to custody architecture and fee structure.
Where Each Platform Wins
Custody and security — the most heavily weighted category in our methodology at 35% — tilts 42 points toward Paxos (82 vs. 40). Both platforms carry single-point-of-failure risk, but Paxos mitigates it more effectively through its NY Trust Company (State-Regulated) approach. Shakepay stands out on ease of use (88 vs. 72), reflecting Shakepay's user experience and onboarding flow.
The Custody Question
Neither Paxos nor Shakepay has fully eliminated single-point-of-failure risk. Paxos uses NY Trust Company (State-Regulated) and Shakepay uses Single Custodian. Both models leave your bitcoin exposed to custodial concentration risk — if that one entity fails, your bitcoin could be locked, seized, or lost. For long-term holders, this is the most important factor to weigh.
Bottom Line
Paxos is the clear choice here, outscoring Shakepay by 15 points across our six-category methodology. Keep in mind these platforms target different audiences — Paxos is built for institutions & issuance partners, 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.
Which is better, Paxos or Shakepay?
Based on our six-category scoring methodology, Paxos scores higher at 78/100 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.
Is Paxos safe for storing Bitcoin?
Paxos scored 82/100 on custody and security in our methodology. It does carry single-point-of-failure risk, meaning your bitcoin depends on one entity's security. Its custody model is classified as NY Trust Company (State-Regulated). Always verify these details and do your own research.
Does Shakepay have a single point of failure?
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.
What are the fees for Paxos vs Shakepay?
Paxos charges Custom institutional pricing. Shakepay charges ~1.5% spread. Paxos scored 75/100 on fees versus 72/100 for Shakepay in our methodology.