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%.
Fee to withdraw Bitcoin and Ethereum on Shakepay?
Shakepay covers the miner fee when withdrawing cryptocurrency. There is a minimum amount to withdraw depending on coin and network fees at the time.
Does Shakepay Pay Gas Fees?
Gas fees are covered by Shakepay. There is a minimum withdrawal amount that changes depending on gas fees at the time on the Ethereum network.
Is Shakepay Trustworthy?
Shakepay is one of Canada’s largest (~600.000+ customers.) crypto exchanges. Shakepay is has a good reputation and is trustworthy.
A Montreal-based company that has over 50 employees. It was founded in 2015 and is a legal and regulated Canadian crypto exchange.
What does Shakepay Do?
Shakepay allows Canadians to buy or sell bitcoin and Ethereum.
A Montreal-based company that has over 50 employees. It was founded in 2015 and is a legal and regulated Canadian crypto exchange.
- Exchange Bitcoin or Ethereum only
- Set up limit buys/sells
- Recurring purchases
How does Shakepay Work?
- Create and verify your account
- Deposit funds to and from your bank account with Interac eTransfer or wire transfer.
- Withdraw crypto to your wallet or send crypto to Shakepay to sell
- Buy/sell crypto with $ CAD
- Earn 1% in free bitcoin to your Shakepay account when you shop with any Visa merchant
- Earn free Bitcoin daily with Shakepay ShakingSATS
Here is a step-by-step walkthrough on how to buy and transfer Bitcoin from Shakepay to a wallet.
Shakepay Overview
Read: Shakepay Review
Shakepay Fees
- Deposits and withdrawals: $0
- Spread: ~1 to 2%
- Crypto withdrawal: Free
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfers
- Pre-authorized Debit
Cryptocurrencies: 2
Shakepay Pros
- No fee crypto withdraws
- Simple app UI/UX
- Shaking SATS rewards
- Earn Bitcoin cashback reward with a prepaid Visa debit card
- *NEW – Dark mode
Shakepay Cons
- Limited coin selection
- High spread fee
- Mobile app only
Related
Compare Shakepay to other Top Canadian Crypto Exchanges
In-depth comparison: Shakepay vs Newton
(Source)

HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
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