What is shakepay and how does it work?

What is Shakepay? Shakepay is one of Canada’s most popular cryptocurrency exchanges, with over 800,000 customers purchasing Bitcoin and Ethereum on the platform since its inception in 2015. Shakepay is ideal for beginners looking to purchase either Bitcoin or Ethereum.

Is shakepay a safe cryptocurrency exchange?

This Shakepay review covers how it works, fees, pros and cons, and whether it is safe. Shakepay is a crypto trading platform founded in 2015. It is based in Montreal and has served more than 1,000,000 Canadians who have bought or sold $7 billion worth of crypto using the site. In a strict sense, Shakepay is not a cryptocurrency exchange.

Does shakepay charge commissions?

While Shakepay does not charge commissions, it has a variable price spread that can cost you up to 3% on both ‘buy’ and ‘sell’ transactions. In addition to Shakepay Canada, crypto investors can also use the likes of Bitbuy, Newton, Coinsmart, and Wealthsimple Crypto.

What is the easiest way to deposit on shakepay?

The easiest transfer method for Shakepay users is Interac, an online transaction network based in Canada. Deposits made using Interac usually only take a few minutes to hit your Shakepay account. There is a low minimum deposit of CAD$5 when transferring via Interac, and a maximum of CAD$10,000.