Their customer service is really bad and it’s really difficult to reach anyone, I had switched numbers and wanted to change it on my account so I couldn’t receive the two factor. But they didn’t understand my question ended up flagging my account and closing it without a reason. This is why Canadian company’s never work, their customer service is unhelpful.

With Shakepay, you can deposit and withdraw Canadians dollars free and quickly with e-transfer or bank wire, making it a great fiat on-ramp and off-ramp for Canadians. Both Bitcoin and Ethereum withdrawals are also free because Shakepay covers the miner fees and gas fees. There are no annual fees, no monthly account fees, and you receive your cash back within 24 to 48 hours, a feature that sets it apart from other crypto reward cards. Payments are made using the Canadian dollar balance in your Shakepay app. All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Transactions must be authorised by multiple parties before being accepted, making theft and exploits less likely. Additionally, your funds are held in separate accounts to Shakepay’s reserve funds.Insurance. Shakepay provides insurance for the funds held in cold storage. This includes insurance for most losses incurred by theft, hacks or misplacement of private keys. Shakepay’s insurance policy was created by Aon and underwritten by Lloyd’s of London.

  1. One of the great things about the Shakepay web platform is that it provides users with all of the information they need to make informed trades.
  2. It makes it very convenient to use bitcoin in your everyday life.
  3. Fractional reserves are when you’re purchasing assets that the company doesn’t actually hold.
  4. Having said that, Shakepay is one of the best platforms to get your money into and out of the crypto market.

Avoid this Canadian piece of garbage and get another wallet to use as well. If you must have this one, just keep a tiny bit on it in case another one crashes or something. After reading this exhaustive Shakepay review, you can understand that Shakepay is a safe and easy-to-use platform for buying and selling cryptocurrencies.

They hold all my accounts for indefinite days and balance Zero asking for more details trading history etc. They just vanished my all funds from shakepay account. My name is shakepay review Bryce and my first two weeks with shakepay has been the worst experince. It has took weeks for shake pay to verify my identification which I made different accounts on.

Listed Shakepay crypto exchange assets

Nor will you be able to use the wire transfer feature. While you can see your transaction history from the desktop platform, details are limited. For example, if you want to know the exact time you bought or sold crypto and at what price, you can only get those details in the mobile app. So if you’re looking for a traditional exchange with advanced trading tools and a robust coin selection, Shakepay is not for you. Having said that, Shakepay is one of the best platforms to get your money into and out of the crypto market.

How Does Shakepay Compare to Other Crypto Exchanges

This means that you won’t be charged any gas fees. However, you will need to pay the network fee if you’re transferring your crypto to another wallet or exchange. Newton is another popular Canadian crypto exchange. Newton has been operational since 2018 and is an excellent choice for those looking for an easy-to-use platform. Like Shakepay, Newton allows you to buy and sell Bitcoin and Ethereum with CAD.

They won’t give me my money back.

Shakepay is an ideal platform if you’re new to the world of cryptocurrency and need a simple, user-friendly entry point. As a Montreal-based crypto exchange, it’s particularly well-suited for Canadian users looking to trade in Bitcoin and Ethereum, which are the only two digital currencies it supports. However, advanced traders looking for a diverse range of coins and sophisticated trading tools will be disappointed by Shakepay’s limited features. Shakepay is a Montreal-based crypto platform that happens to be one of the best exchanges in Canada. But if you’re looking to buy and sell lots of different coins, you’ll be disappointed. Instead, Shakepay serves as a fool-proof on/off ramp to the digital asset market.

Lisa is very serious about smart money management and helping others do the same. Shakepay is one such platform that facilitates the purchase and sale of cryptocurrency. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. Partners have no influence over our editorial staff.

When you join Netcoins with this link and deposit at least $100, you will get a $25 welcome bonus. This is no doubt higher than the Shakepay’s $5 welcome bonus. The Shakepay Card has no monthly or annual fee and it can be used to make online and in-store purchases. Upon joining Shakepay, you will be assigned a unique referral link that you can use to invite your friends to the platform. You will earn $5 per referral that sign-up through your link and meet the eligibility.

Too bad because they had something good for a while but have lost a lot of customers now with lack of communication and dumb verification video after account was already verified. So far i have had an excellent experience with Shakepay. I tried with just a little bit of money to feel it out, etransfer went flawless and withdrawing back to my bank account was easy as well so i put more money into it.

Lose 3k and have all audio record, it is inside job from someone working with them. A lady transfered my btc to this wallet in 2 miniseconds, she is a profesional con artiste. Becareful, she swear for her 2 son that she is not a scammer but she steal my btc, and worst to recover it she ask to put another 14k! Everything was super fast and must be inside jobs. Tht why she have acces to shakepay systeme and manage to do all that.Never use shakepay.

Shakepay Funding Options

Shakepay is an excellent option for digital currency exchange in Canada, thanks to its appealing feature set and commission-free funding. What I do like about Shakepay fees is that they don’t charge you to transfer funds in and out of your account. Several other crypto exchanges charge deposit and withdrawal fees. Canadian cryptocurrency exchanges vary in the way they charge fees. Some, like Bitbuy, charge a commission fee when you trade.

You can first check out the detailed Help page inundated with questions, answers, and articles concerning all Shakepay topics. It should be no surprise that the Shakepay app and platform are jam-packed with useful features to improve your trading experience. According to Shakepay, most Bitcoin and Ethereum held by them are stored offline in cold storage wallets, in partnership with a regulated cold storage provider. We also like that the app is integrated with Shakepay’s debit card. It makes it very convenient to use bitcoin in your everyday life. Both the Shakepay mobile app and desktop version have almost all the same features, except for a few notable differences.

SCAMMERS!! DONT EVER SIGN UP!!!

If you are looking to buy, sell or store these two cryptocurrencies, Shakepay is worth considering. Both Newton and Shakepay are among the leading crypto brokers in Canada. The two trading platforms don’t charge deposit, withdrawal and trading fees.

Shakepay Fees

The app is available on both iOS and Android devices. It has all the same features as the website and is just as user-friendly, making it easy to trade cryptocurrency on the go. In addition, you will earn an additional 1% in bitcoin on the first $5,000 you spend.

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