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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
- Earn Bitcoin cashback reward with a prepaid Visa debit card
- *NEW – Dark mode
- Shakepay ShakingSATS
- Shakepay Card for BTC Rewards
❌ 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. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, and TheBitTimes.com
