If you must have this one, just keep a tiny bit on it in case another one crashes or something. I’ve spent time exploring the app, and I have to say—it’s one of the more enjoyable crypto platforms to navigate. The interface is clean, straightforward, and free of unnecessary clutter, making it easy to focus on key features.
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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. Withdrawals require multiple people to sign off, not just the founders and customer funds, which are segregated shakepay review from company funds.
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There are a number of different potential dealbreakers to worry about when it comes to the Shakepay Visa card. While we strive for accuracy, the content on our Website, including articles, reviews, and opinions, is for informational purposes and may not always be up-to-date or error-free. Shakepay has a mobile app on both the Apple App Store and Google Play. Takes 18 days to get a reply to any communications. The last comparison worth diving into is the Shakepay card, but NDAX has no competing card, so the best alternative to keep in mind is the BlockFi card. Because Shakepay is a Canadian-only platform, it makes sense to compare it to other Canadian-only platforms like NDAX.
- Alternatively, they will send you an email, SMS, or push notification with a code to verify a withdrawal.
- All purchases made with the Shakepay Card earn users a 1% Bitcoin cashback.
- It has taken them 6 days to return my cash that took me 30 minutes to wire.
- Once you deposit money, you can easily purchase crypto through Shakepay’s basic order panel, similar to other crypto exchanges.
- Shakepay offers two deposit methods – Interac e-Transfer and Wire Transfer.
Hey Tina, I’m really sorry to hear you’ve had a negative experience with Shakepay. 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. Hi Saeed, I’m sorry to hear about your negative experience with Shakepay. In this review, I will walk you through all there is to know about Shakepay. Together, we will look at Shakepay’s features and pros and cons.
Shakepay Review: Fees
Shakepay makes it possible through the spreads of the price. What this means is if you buy or sell bitcoin on Shakepay, it will be slightly higher than other exchanges. This difference will be the revenue Shakepay makes in order to provide the service.
Shakepay was involved in an international scam which defrauded money. Once this was brought to their attention they immediately and unilaterally cancelled my shakepay account with no explanations. I thereafter tried to contact them through their site, phone and email, and they never responded.
No platform is perfect, and Shakepay has its fair share of limitations. While it’s a solid choice for Canadian crypto users, some drawbacks could be dealbreakers for certain traders. 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 you will have a well-rounded understanding of what to expect. We use dedicated people and clever technology to safeguard our platform. For canadian citizens, it is the best App to use to buy Bitcoin and Ethereum easily.
Do you own your crypto on Shakepay?
Shakepay also incorporates a fun, casual tone, making crypto feel less intimidating. Features like pop-up updates with clever wordplay add a unique touch. If you’re seeking a broader range of crypto assets or more advanced trading features, these alternatives provide additional options for your trading journey. You can top-up the Shakepay Visa by loading your Shakepay account by using Interac.
That said, if Bitcoin and Ethereum are all you need, Shakepay has you covered. While I have not used the customer support tab, people are giving good feedback about Shakepay’s support on Reddit. You can reach out to the customer support team via chat. Shakepay is fully legal in Canada and operates as a registered Money Services Business (MSB) under FINTRAC and Revenu Québec regulations. As the crypto industry evolves, regulatory compliance remains a key legal development for exchanges operating in Canada. When choosing a platform, it’s important to consider regulatory compliance, security, and ease of use.
Personal data is also encrypted using 256-bit AES encryption, so it’s unreadable in case of unauthorized access. Overall, Shakepay’s fees are pretty straightforward, with no surprise charges for everyday transactions. For Canadian residents looking for a no-fuss way to buy and sell crypto, Shakepay delivers a smooth experience with quick access to Bitcoin and Ethereum. Final crypto exchange evaluation conclusion based on research, expert opinions & user feedback.
- For canadian citizens, it is the best App to use to buy Bitcoin and Ethereum easily.
- Twice in 3 months they withheld my money purporting security concerns that’s after 7 years with them.And They do not respond right away.
- The biggest dealbreaker with the Shakepay Visa crypto card, at least as it exists today, is that it does not have any physical card option.
- Head to the “Get Started” button located at the top right of the Shakepay homepage.
- Usually, when you move Bitcoin or Ethereum to another address, such as a wallet or crypto exchange, you must pay a network fee.
While Shakepay has many pros, the platform also has some cons which you should be aware of. After successful verification, you should be able to fund your account with Canadian Dollars. After this step, you just need to wait Shakepay to verify your identity.
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Shakepay is also extremely transparent with all their security measures and we can go and verify their security reports done by the 3rd party company they have hired. Shakepay is designed specifically for Canadian users, so its features will be limited if you are outside Canada. 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. For full access, you’ll need to be within Canada’s borders. It offers a streamlined experience for buying, selling, and storing crypto with features like ShakingSats for earning free Bitcoin daily.
Users who need faster transactions can choose to pay network fees, but having a free withdrawal option is a rare perk in the crypto space. The app’s interface is clean and easy to navigate, even for beginners. Shakepay is a commission-free platform, meaning there are no trading fees when buying or selling crypto. Instead of charging a direct fee, the exchange generates revenue by including a bid-ask spread in its pricing. While this keeps trading simple, it’s important to understand how Shakepay fees work behind the scenes. 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.
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