If the system can’t automatically verify your account, Shakepay will manually review your submission to help finalize your registration. Review and agree to Shakepay’s Terms of Use and Privacy Policy before proceeding. Once this is done, Shakepay will send you an email to verify your address.
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Because of that, Shakepay is one of the cheapest places to buy/sell BTC and ETH. In my case, the cost was even lower than NDAX, which is typically known for having the lowest fees in Canada. When they first started the company, they wanted to make it easy to spend bitcoin using the Shakepay VISA card. When you buy Bitcoin on Shakepay, they will charge you slightly more than the market rate, and when you sell Bitcoin, they will give you a slightly worse price. While Shakepay does not charge a commission and covers network mining fees on your behalf, they charge a hefty spread.
L’appli financière Canadienne
- Although continually updated, the information here may differ from what appears on the providers’ sites.
- Shakepay is a Canadian company founded by Jean Amiouny and Roy Breidi.
- This means we are unable to add any funds to this account nor use any of the functions.
- From the app’s main page, click on Send, then select Wire Transfer to my bank.
Here is another crypto platform that has failed me in many ways after dealing with over $400k Cdn. Now I want to use them to withdraw my capital, they are giving me problems, asking me who is helping? I understand there are scammer out there wanting to scam you but I have done my due diligence. I will let my family and friend know that this is one of the worst crpto platform to work with so stay AWAY.
Prend en charge
- On top of that, Shakepay’s cold storage funds are insured, covering damages, theft, and even private key losses.
- Customer support is only available through live chat, with no phone support option.
- If you want to stay in the loop, you can even set notifications for when Bitcoin or Ethereum has reached a certain price.
For users who prefer speaking to a representative directly, this could be a downside. Some Shakepay reviews also mention slow response times, though experiences seem to vary. The exchange also has a limited token selection, supporting only Bitcoin and Ethereum. While these are the two most popular cryptocurrencies, users looking to trade altcoins will need to use another platform.
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If you’re seeking a broader range of crypto assets or more advanced trading features, these alternatives provide additional options for your trading journey. After exploring the core features of Shakepay in the overview, it’s time to delve deeper into how these elements come together to create a seamless user experience. Let’s see its strengths, potential drawbacks, and how it compares to other similar platforms, so shakepay review you will have a well-rounded understanding of what to expect. Shakepay launched its current cryptocurrency brokerage and wallet service in 2015.
In addition, you can lock access to Shakepay using your Face ID, PIN, or pattern. This virtual card can be used to pay for stuff online and in stores. Copy your institution number, transit number, and account number.
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Funding options
As a regulated platform, Shakepay is required to collect your personal information by law. In addition, you’ll see a unique anti-phishing code at the bottom of each account activity email. You can paste this code into the Shakepay app to verify that this email was indeed an authentic communication from Shakepay. When you use Shakepay, you are encouraged to set up two-factor authentication.
I see clear evidence of compliance with FINTRAC as a Money Services Business, which is a foundational trust marker for any platform in Canada. Asset protection is solid, with Shakepay keeping the majority of digital assets in secure cold storage, reducing the risk of online breaches. I compared Shakepay to other regulated crypto and CFD brokers available to Canadians, focusing not just on features, but on the actual user experience. I paid close attention to whether it’s user-friendly for beginners and also if it has what more experienced traders might expect. Everything I share here comes from real use and side-by-side comparisons—not just a superficial look at marketing claims. ➡️ Long-term holders interested in dollar-cost averaging and holding Bitcoin or Ethereum safely off-exchange.
#4. Commission-free trading
Because of this, the platform follows Canadian financial laws and isn’t available outside the country. If you’re a local, you can sign up and use the app with full functionality. However, traveling abroad might cause some features to become limited. What stands out to me is the fun, lighthearted tone Shakepay uses throughout the app.
On the downside, Shakepay charges one of the highest markups on the price of crypto in Canada. Before you sign up, here’s what to know about the Shakepay platform. Shakepay offers a crypto card that allows me to spend my digital assets for everyday purchases directly from my account.
