Shakepay makes money on the spread between the price they buy and sell crypto to their customers. This spread rate is usually ~1 to 2%.
Shakepay vs Coinbase
Craig Leontowicz
Updated: January 27, 2023
Affiliate Disclaimer – We earn from qualifying purchases.
If you are trying to figure out which crypto exchange to sign-up for and you’ve got it narrowed down to Shakepay vs. Coinbase — The answer is Shakepay for funding/deposits with a Canadian bank account and Coinbase for trading and altcoins.
I’ve used both these platforms and apps for a couple of years. I also live in Canada.
Basically, as a Candian, the easiest, fastest way to fund a crypto exchange account with $ dollars is with Interac e-Transfer. Coinbase doesn’t offer this option to fund your account.
Shakepay only offers Bitcoin and Ethereum compared to Coinbase, where you can choose from 100+ altcoins.
You can still sign up and verify your account on Coinbase as a Canadian — it is just easier to fund and withdraw crypto for a majority of people using Shakepay and eTransfer.
Percentage Calculator
PercentagesCalculators.com is a website I use to calculate my percentage increases and decreases on my crypto trades. It puts the math calculation in a more human-readable format that I find is easier than doing the math… because I don’t know how.
Bitcoin & Ethereum Transaction Visualizer TxStreet.com
Launch TxStreet.com and watch a Bitcoin and Ethereum live transaction visualizer. Every tx is a person, and they fill up buses that represent blocks on the blockchain. It shows the block times and fees for the blocks.
How to Buy Bitcoin on Bitbuy and Send it To Your Wallet
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Signup to Bitbuy and verify your account.
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
How To Buy Crypto on Newton and Send it to Your Wallet
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Sign up to Newton and verify your account.
Choose from over 60 coins to buy, sell and trade on Newton.
Newton has low fees, is easy to use, and offers lots of altcoins to buy, sell and trade.
We rated Newton as the best all-around crypto exchange for Canadians.
Bitbuy Review
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
NDAX Review: A Comprehensive Look at This Crypto Exchange
Craig Leontowicz
Updated: January 24, 2023
Affiliate Disclaimer – We earn from qualifying purchases.
NDAX has one of the lowest spread fees compared to other Canadian crypto exchanges, but one drawbacks is the higher fees to withdraw crypto.
If you are wondering is NDAX is a scam? The answer is NO. It is a legit crypto exchange. I use NDAX for trading and have extensively researched their trustworthiness for over 2 years.
It may not be the best crypto exchange for everyone. In this NDAX review, I will take you through the good and the bad of the NDAX cryptocurrency exchange to help you figure out if it’s the best crypto exchange for your needs.
My conclusion: NDAX is best for traders and buying and selling larger amounts of crypto (over ~$2500 and up). NDAX account signup was easy and automated and I got $10.
NDAX uses TradingView charts for the ‘Trade’ dashboard. They are one of the few Canadian exchanges that have the crypto trading pairs BTC/USDC and BTC/USDT and they offer staking on a limited number of digital assets. Plus, you can toggle ‘Dark mode’ on and off — so you know it’s legit and made for traders. 🙂