This exchange currently supports 2 of the top 30 market cap cryptocurrencies. No matter your experience level or expertise in cryptocurrency trading, Shakepay provides an enjoyable experience. You can still access your account while traveling, but as one of the best fiat-to-crypto exchanges in Canada, Shakepay limits some functionality for those abroad. Shakepay is designed specifically for Canadian users, so its features will be limited if you are outside Canada. Shakepay is only available to Canadian residents and does not support users in the United States. Yes, Shakepay is a legitimate cryptocurrency platform registered as a Money Services Business (MSB) in Canada.
Is Coinbase Safe? Read Before You Sign Up
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. These include two-step verification and additional checks designed to keep cryptocurrency holdings private and safe for their owners. As an approved Money Service Business, Shakepay incorporates multiple layers of protection measures for user assets and personal data. Shakepay stands out as an efficient platform that prioritizes user convenience and respects its clientele’s time.
Just enter the CAD dollar amount of crypto you want to purchase and click “buy”. Their streamlined system makes it easy to exchange Bitcoin and Ethereum with no unnecessary steps. Valid ID, Canadian phone number, name, address, address verification, DOB, security selfie Cold storage, insurance, multi-party approvals, and more No commission fees, takes percentage of revenue from spreads Earning crypto by using Shakepay visa card, referral program and more
Shakepay Review
Spreads can be wider than on numerous rivals, which may make overall costs higher than you expect on Canadian exchanges. Shakepay competes in that arena, so I evaluated features, pricing, and day-to-day usability side by side. This Shakepay review examines whether those claims hold up in real-life use or crumble under scrutiny.
How to Create a Shakepay Account
I hope this will get someone from Shakepay to contact me so that I can get my money returned. To anyone I know who is interested in venturing into crypto, I will be sharing this negative experience with them. Jan 10 – sent a second email to shakepay hoping that someone would contact me.5.
- Buy and sell Bitcoin and Ethereum on Shakepay, one of Canada’s most popular crypto exchanges.
- However, the company expanded and evolved when it realized users needed a more complete crypto exchange platform.
- Shakepay currently holds a Trustpilot rating of 4.2 out of 5 based on 2,100 reviews.
- To maintain our free content and further support our work, we receive compensation from some companies advertising on Crypto Head.
- That means I do not face service fees in these areas, but also cannot earn yields on my assets directly through the platform.
- Users may be charged network fees if they want faster transactions.
Shakepay is a crypto trading platform founded in 2015. This may impact which products or services we write about and where and how they appear on the site. Shakepay launched its current cryptocurrency brokerage and wallet service in 2015. Users can fund their account with as little as a dollar via Interac e-Transfer, wire transfer, or crypto transfer, making it accessible for new and casual investors. All Shakepay accounts include an integrated wallet for easy crypto storage and conversion between CAD and supported cryptocurrencies. Once the team reviews your application and documents, you will receive a confirmation email, allowing you to start using your account.
This won’t be an issue for many users, but those who prefer other languages might find it less accessible. When they introduced the dark mode feature, a popup greeted users with “Hello darkness, our new friend” —a clever nod to The Sound of Silence. During peak periods, users might experience longer wait times, which can be frustrating for those needing urgent assistance. Many Shakepay reviews point out the responsiveness of the support team.
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Shakepay stands as an embodiment of digital finance’s innovative, secure and user-centric ethos, where user experience and innovation remain top priorities. Customer service remains at the core of Shakepay’s offering, with an exceptional team available via email and phone to offer assistance. Shakepay stands out as an attractive platform for purchasing digital currencies in Canada due to its secure verification process and price advantage.
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Advanced traders can easily find some of the best crypto exchanges for their more complex needs. After following the six-step signup process, an automated third-party service will attempt to verify your account. If you want to sell crypto with a market value of $10,000, you may only receive $9,900. Simply put, this means that if the market price of Bitcoin is $10,000, the platform will sell it to you at $10,100. The platform earns revenue by applying a spread to transaction prices. A prepaid Visa card is offered on the app and lets you earn bitcoin when you use the card to make everyday purchases.
Jan 8 – email from Jonathan asking if any other party had any involvement in my Shakepay account / I replied on Jan 10 that no one else had involvement in my Shakepay account.4. Other than waiting on any response from Shakepay, which apparently is not coming, I have done all that I believed was necessary to complete this transaction. I have emailed and done what I believed was necessary and for some reason you have decided to suspend my account.
Shakepay Review 2025: Pros, Cons, and Tips
However, Shakepay reviewed the situation and took immediate action to secure user data and improve its platform. Shakepay is a user-friendly exchange with unique features like ShakingSats for earning Bitcoin. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
How Shakepay Compares to Other Crypto Exchanges
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Fast transfert, fees are very abordable compare to other wallet. After 7 days, the support team reached out to me and funded my account. Simple user interface, great customer service. Look up shakepay.co reviewsIt's been 10 days and not a single reply…
Namely, Tether, XRP and BNB, which are in the top 20 cryptos by market cap. Since 2015, Shakepay has made it easy to buy and sell Bitcoin (BTC) and Ethereum (ETH) using Canadian dollars. Unfortunately, the website does not offer phone support, but the support team is responsive and helpful and will try and resolve your issue as soon as possible. If you can’t find what you’re looking for, you can always contact customer support by email or https://forex-review.net/shakepay-review/ live chat. Whether you want to know more about the site’s fees or some technicalities, this section covers you. Like Shakepay, Newton allows you to buy and sell Bitcoin and Ethereum with CAD.
- Shakepay competes in that arena, so I evaluated features, pricing, and day-to-day usability side by side.
- If you’re looking for an easy-to-use platform with a crypto card, Shakepay is the way to go.
- Shakepay stands out as an efficient platform that prioritizes user convenience and respects its clientele’s time.
About Savvy New Canadians®
Shakepay has a mobile app on both the Apple App Store and Google Play. Their humble beginnings reflect the industry’s innovative spirit while streamlining the process for purchasing popular cryptocurrencies. To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology. However, those seeking a broader range of trading options may consider alternatives like Kraken or Uphold. Both platform have been in the field for a long time and had no such accidents. That said, while no system is guaranteed to provide absolute protection, it's understandable if you'd like to use an exchange that hasn't been involved in hacking.
Companies can ask for reviews via automatic invitations. Anyone can write a Trustpilot review. You can "shake" your phone every day to have free bitcoin (around 0.10$ to 1.50$) .
