Shakepay introduces new feature of converting spare change into Bitcoin
December 19, 2018 5:14 am,
According to a news article of “Bitcoin magazine”, the mobile Cryptocurrency exchange and the peer-to-peer wallet based in Canada, Shakepay has launched a new feature that allows its users to buy Bitcoin with their spare change of fiat money. This new feature is termed as “Shakepay Change”.
In this new feature, the service connects to user’s bank credit and debit card, rounds up each purchase made to the nearest dollar and uses the resulting change to purchase Bitcoins automatically. For instance, if you buy a chips packet for $2.97, then Shakepay change would use the change of $0.03 to invest in Bitcoins or ether. Each purchase of Cryptocurrency or the Bitcoin will be added to the user’s Shakepay wallet, from where it can be transferred to another Bitcoin wallet or either sold for cash.
For all the service Shakepay charges a 0.75 percent transaction fee for buying or selling Cryptocurrency, but it is free to deposit or withdraw funds rather.
This new feature of Shakepay will facilitate every Canadian to easily own Bitcoin and buying a small amount eventually. Shakepay Change uses Shakepay’s own exchange, so it doesn’t need to outsource this service.
The firm had also partnered with Schedule 1 bank, so the new service will be available to all the customers of major Canadian banks and credit union.
The service has built extra security features to protect customers, such as 2-factor authentications, email confirmations for outgoing Crypto transactions, app PIN code and login alerts.