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Shakepay Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
Shakepay logo
3.50
Crypto Head Rating
Visit Shakepay

The Bottom Line

Shakepay provides Canadians an easy and user-friendly entryway into cryptocurrency trading with Bitcoin and Ethereum. Its user-friendly interface, clear fee structure and robust security measures distinguishe it as one of the premier exchange platforms available today.

No matter your experience level or expertise in cryptocurrency trading, Shakepay provides an enjoyable experience.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Simple user interface
  • Supports Bitcoin and Ethereum
  • Offers a Bitcoin rewards program
  • No commission fees on trades
  • Provides a built-in wallet for users

Cons

  • Limited selection of cryptocurrencies
  • Only available to Canadian residents
  • No advanced trading features
  • Lacks live customer support
  • No option for desktop trading; mobile-focused

Quick Summary

Headquarters Location Montréal, Quebec, Canada
Fiat Currencies Supported CAD
Total Supported Cryptocurrencies 2+
Trading Fees 0%
Deposit Methods Bank Transfer, Cryptocurrency, Interac e-Transfer
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Shakepay provides Canadian residents an accessible gateway into the rapidly-evolving world of crypto exchanges, providing users with a secure means to buy, sell and manage their Bitcoin and Ethereum. As financial technology develops further, Shakepay acts as an entryway into digital currency for Canadians looking for entry.

Shakepay homepage

Shakepay stands out as an impressive leader in Canada’s cryptocurrency landscape, providing individuals looking to enter digital currencies a straightforward entryway into this realm. Over time, its features and services continue to advance while continuing its commitment to user empowerment in this digital revolution.

Shakepay’s growth mirrors that of the larger cryptocurrency exchange market, where user access and trust are fundamental.

About Shakepay

Shakepay was established with a vision to provide users with an easier crypto experience, quickly becoming one of the leading cryptocurrency exchanges across Canadian provinces. Their humble beginnings reflect the industry’s innovative spirit while streamlining the process for purchasing popular cryptocurrencies.

Since its establishment, Shakepay has successfully navigated an ever-evolving market by adopting new advancements and adapting to regulatory changes that have defined its journey. Shakepay’s growth across Canadian provinces stands as proof of consumer interest in digital currencies as well as Shakepay’s capacity to meet this growing demand for them.

Shakepay features

Over time, this platform has witnessed industry trends such as the popularity of cryptocurrency trading platforms and increased mainstream interest in digital finance – serving as an adaptive and responsive player in this space.

Shakepay has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, TikTok and YouTube.

Shakepay has a mobile app on both the Apple App Store and Google Play.

Shakepay Supported Cryptocurrencies

Shakepay supports trading on over 2 cryptocurrencies on their platform. This exchange currently supports 2 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Dai (DAI)
  • UNUS SED LEO (LEO)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Kaspa (KAS)
  • Ethereum Classic (ETC)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies Shakepay supports

Trading Experience

Shakepay’s trading experience is tailored to fit its user, creating an optimal balance of simplicity and functionality. The platform’s user-centric design enables quick and straightforward transactions for buying and selling Bitcoin and Ethereum easily.

Shakepay stands out as an attractive platform for purchasing digital currencies in Canada due to its secure verification process and price advantage.

Trading on an exchange such as Shakepay goes beyond being simple transactions; it also involves experiencing the assurance and fluidity of a well-designed platform. Our experience caters to both novice investors and more seasoned traders by creating an ideal atmosphere to support rapid purchasing and selling of cryptocurrency with confidence.

Shakepay stands out as an efficient platform that prioritizes user convenience and respects its clientele’s time.

Shakepay exchange marketing

Shakepay Fees

Shakepay’s fee structure has been designed to remain both transparent and competitive, so users know all costs associated with transactions before engaging.

Shakepay fees are structured in order to support its commitment of offering an accessible, low-cost crypto platform that meets both new and experienced enthusiasts’ needs.

Shakepay’s fee structure has been carefully tailored to stay competitive and transparent, in line with its mission of providing equitable access to digital currencies. By embedding fees directly into transactions, Shakepay ensures customers engage with its services without incurring unexpected costs; making it an attractive choice for those who prioritize transparent pricing in their cryptocurrency dealings.

Type Fee
Deposit Fee (Bank Transfer) 0%
Trading Fee 0%
Withdrawal Fee (Bank Transfer) 0%

Security - Is Shakepay Safe?

Security in the digital currency realm is of utmost importance, and Shakepay takes steps to adhere to stringent protocols in this regard. As an approved Money Service Business, Shakepay incorporates multiple layers of protection measures for user assets and personal data.

These include two-step verification and additional checks designed to keep cryptocurrency holdings private and safe for their owners.

Shakepay stands out in digital finance by its commitment to safety. Aside from 2-step verification and regular checks, it has established comprehensive security measures which give users peace of mind about the security of their cryptocurrency holdings.

Shakepay understands that maintaining the security of users’ assets is at the center of any successful exchange platform.

Shakepay Customer Support

Customer service remains at the core of Shakepay’s offering, with an exceptional team available via email and phone to offer assistance.

Fast response times ensure users receive support as quickly and effectively as possible.

Shakepay stands out as an industry-leader by providing exceptional customer support that goes beyond simple reactive measures to address user issues in a proactive fashion.

Shakepay makes use of customer service agents who are available across a range of channels such as email and telephone to ensure a swift path towards resolution for its users. Such dedication demonstrates Shakepay’s dedication to building an atmosphere of trust among users.

Shakepay support

Shakepay Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Shakepay

  1. Create Account - Visit the Shakepay website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Interac e-Transfer

Shakepay Alternatives

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3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
394+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
253+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
365+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Shakepay stands out as an exchange platform that strives to offer seamless cryptocurrency trading services, from its user-friendly interface and additional features, all while meeting user demands in the cryptocurrency market.

Shakepay stands as an embodiment of digital finance’s innovative, secure and user-centric ethos, where user experience and innovation remain top priorities. As this industry matures further, platforms like Shakepay become even more essential to supporting financial technology adoption.

As market movements unfold, it becomes clear that those exchanges who prioritize user trust and regulatory compliance will likely lead the pack in success.

Shakepay FAQs

Yes, Shakepay is a legal cryptocurrency platform in Canada. It is registered as a Money Service Business with FINTRAC and AMF, complying with the regulatory standards required to operate within the country.

Shakepay has not publicly disclosed the exact number of Canadian users on its platform. However, the platform is known to have a significant user base within the Canadian crypto community.

On Shakepay, when you purchase cryptocurrency, you gain ownership of the asset. The platform provides you with the option to transfer your crypto to your own private wallet, where you have full control over your private keys.

Shakepay allows users to withdraw Canadian dollars without any set limit, although larger withdrawals may require additional security checks. For cryptocurrencies, the withdrawal limits can vary, so users should check the latest terms on Shakepay’s website or contact their support for up-to-date information.

Shakepay maintains that digital currencies held on the platform are not insured under any government-backed or private insurance policy. Users are encouraged to transfer their digital assets to a wallet where they have control over their private keys.

The time it takes to transfer bitcoin from Shakepay to another wallet can vary depending on network congestion and the fee attached to the transaction. Typically, transfers can take anywhere from a few minutes to several hours.

Yes, you can send bitcoin from your Shakepay account to another bitcoin wallet. The process involves entering the recipient’s bitcoin address and the amount you wish to send from within the app or website.

Shakepay incorporates elements of a hot wallet, as it enables users to store, send, and receive cryptocurrencies like Bitcoin and Ethereum through an online platform. However, they also encourage the use of private wallets for enhanced security.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: