Strike (Global) vs Shakepay
Strike (Global) vs Shakepay: What the Data Shows
Strike (Global) and Shakepay both operate in the fintech space, but they take fundamentally different approaches to how your bitcoin is held. The scores are close — Strike (Global) at 71/100 (B-) and Shakepay at 63/100 (C+). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.
Where Each Platform Wins
Custody and security — the most heavily weighted category in our methodology at 35% — tilts 20 points toward Strike (Global) (60 vs. 40). Both platforms carry single-point-of-failure risk, but Strike (Global) mitigates it more effectively through its Custodial approach. On fees, Strike (Global) wins by 8 points. Strike (Global) charges ~0.3% spread compared to ~1.5% spread at Shakepay. Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators.
The Custody Question
Neither Strike (Global) nor Shakepay has fully eliminated single-point-of-failure risk. Strike (Global) uses Custodial 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
Strike (Global) edges out Shakepay by 8 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize global remittances. near-zero fee btc buys. lightning-native. over canadian bitcoin app. shake for sats feature. visa card with btc rewards.. Keep in mind these platforms target different audiences — Strike (Global) is built for international, while Shakepay serves canadian. One thing to watch with Shakepay: single custodian. canada-only. spread-based pricing..
Which is better, Strike (Global) or Shakepay?
Based on our six-category scoring methodology, Strike (Global) scores higher at 71/100 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 Strike (Global) safe for storing Bitcoin?
Strike (Global) scored 60/100 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 Custodial. 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 Strike (Global) vs Shakepay?
Strike (Global) charges ~0.3% spread. Shakepay charges ~1.5% spread. Strike (Global) scored 80/100 on fees versus 72/100 for Shakepay in our methodology.