Buy Sell Bitcoin in Canada

Users can complete the transaction without the hassle and safely hold digital assets. What kind of company is this, registered with FINTRAC, what a joke, lets see if i can even send an E-transfer from Shakepay back to my account… Up until this week, made a deposit of $100 and then $1000.

• I call them glorified security guards, no offence to security guards.
• Companies can ask for reviews via automatic invitations.
• The customer service usually replies to my retarded questions super fast too.
• According to Shakepay, most Bitcoin and Ethereum held by them are stored offline in cold storage wallets, in partnership with a regulated cold storage provider.

CoinSmart is one of the best crypto exchanges in Canada. It offers 16 coins, and trading fees are low at 0.20%. Shakepay is a cryptocurrency trading platform that can be used to trade cryptocurrencies in Canada. Shakepay is being by more than 8,00,000 Canadians on a daily basis to trade cryptocurrency.

To complete the verification process, your photo ID proof along with a selfie photo or a selfie video is required. All you have to do is confirm your phone number and update your KYC information on the website. Earlier, I had co-founded a video company and raised $2 million in funding and then got fired from the company I started. I had done lot of testing and research on how to monetize YouTube and now I use the same skills to help other YouTubers.

Shakepay Review: Features, Pros, Cons, Requirements & Fees in 2022

But they didn’t understand my question ended up flagging my account and closing it without a reason. This is why Canadian company’s never work, their customer service is unhelpful. Low trading fees at 0.20% and multiple fiat currencies supported. If you plan on trading currency pairs, you can buy Bitcoin or Ethereum on Shakepay and transfer them to your wallet on another exchange if it makes sense fees-wise. Shakepay is a crypto trading platform founded in 2015.

After working full-time for more than 12 years, I switched to working for myself and trying to earn a living online. Since Shakepay doesn’t have an API, users must download and upload CSV files from their websites. By selecting the Buy or Sell button, you can sell Bitcoin or Ethereum once you have them in your Shakepay account. Due to government oversight, Shakepay should be considered one of the most secure exchanges in use. Customers can engage the Shakepay support staff in live, real-time chat. For further information, there is also a FAQ section.

With Canada’s largest Bitcoin payment processing company, Bitcoin is the best way to pay bills and send money to Canada. According to Shakepay, most Bitcoin and Ethereum held by them are stored offline in cold storage wallets, in partnership with a regulated cold storage provider. To add to that, transactions from their cold wallets are restricted to a whitelist, meaning that unauthorized withdrawals to any address Shakepay hasn’t approved are banned. Also, none of Shakepay’s staff can withdraw money from their cold storage wallets. Thanks to their simple user interface and fast transactions, users are able to get their feet wet, fast.

If you’re a Canadian citizen or permanent resident, then you’re free to use Shakepay on both desktop and mobile. The exchange is accessible from any operating system and available on the Google Play and iOS app stores. Founded in Montreal, Canada, Shakepay has been trailblazing the crypto sphere since 2015. In a nutshell, Shakepay is a platform for Canadians from all walks of life to buy, sell, and store cryptocurrencies. Also, Shakepay announced they have over 1 Billion Canadians on the platform.

Other Features

Shakepay makes money on the spread, which is built into the price when you buy or sell. To start buying, you need to use Interace-Transferto deposit money from your banking account to your Shakepay wallet. Once your wallet is funded, then you’re free to trade on Shakepay.

There are no commissions for buying or selling, but a spread of 1.5-2% is added to each trade. You will be charged 1.2% – 2.5% when buying and selling crypto, which is a little higher than some of the alternatives. If you refer 5 to 10 friends, they will send you a special package with some Shakepay goodies. Simply reach out to the support team to claim the extra gift. You can securely buy and trade Bitcoin, Ethereum, or any other digital currency. Coinsquare’s QuickTrade feature instantly allows you to trade between any two currencies, XRP to Ethereum or Litecoins to EUR.

If the user wants to be notified when Bitcoin or Ethereum hits a specific price, setting up notifications is the best way. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.

Shakepay Earn is an optional interest account that pays you4% APR for holding a CAD balance in your Shakepay account. It’s up to a balance of $1,000 and rewards are paid out weekly. More details can be found in Shakepay’s official FAQ.

Shakepay uses 2-Factor authentication for additional security. You’ll have an opportunity to set this up at the time of account opening. You can open your Shakepay account and buy bitcoin within minutes.

Free & Best Chequing Account Canada Banks Can Offer You in 2022

I’ve reviewed a lot of Canadian cryptocurrency exchanges, and if you ask me, Shakepay is most comparable to another up-and-coming exchange, Newton. Like Shakepay, Newton does not charge fees on deposits and withdrawals, and they also offer e-Transfer and Wire transfer funding methods. By reading this review on Shakepay, traders can learn to use this platform and trade Bitcoin and Ethereum.

Quick Trade allows you to trade Bitcoin in Canada, along with many other digital currencies. Quick Trade, developed by Coinsquare Canada, is optimized for faster trades with the lowest spreads and shakepay review fees, top-tier security and industry-leading customer service…. Canadian cryptocurrency exchanges vary in the way they charge fees. Some, like Bitbuy, charge a commission fee when you trade.

Shakepay is a Canadian-based Crypto exchange for buying, selling, and storing Bitcoin and Ethereum via smartphone or desktop. The exchange is known for offering exceptional customer service. Overall,Shakepayis a top choice if you’re new to the cryptocurrency space or looking to earn free Bitcoin rewards.

If you compare these prices to Coinsmart or NDAX-Shakepay charges will be slightly on the higher side. This process usually takes a few hours to a couple of days. However, in most of the cases, verification took place within minutes. This step is a must because it is as per Government regulations for any cryptocurrency platforms to have the identity verified. To get started with Shakepay, you can use this official link.

After signing up, enter the Shakepay referral code to claim the Shakepay rewards. The fastest way to buy or sell cryptocurrency at the current exchange rates is through Shakepay. After that, the user must finish a two-step verification process by inputting the code sent to their phone.

Shakepay vs. Newton

The full report is well worth a read if you’d like to know more about how Shakepay operates. I also show you how to off-ramp your crypto back into fiat currency using Shakepay and their FREE Interac E-Transfer feature – which takes about 30 minutes or less. I almost lost a 730+ day streak but thanks to my wife i did a safety shake at about 1150pm and saved it… Shakepay does not have any API, so the user will need to download your CSV files from their website and upload them. When the email gets verified, the user will need to provide the contact number. During signing in, a phone number will be used to verify the identity.

If your only crypto goal is to buy bitcoin in Canada or ethereum for that matter, then I highly recommend that you give Shakepay a close look. You can transfer in fiat currency or crypto without paying any fees. Shakepay will make money on the spread, but they cover mining fees, which is a nice touch. If you need access to more digital currencies, I recommend Newton as a suitable alternative.

I run a private newsletter where I help you pick the right coins. Overall, Shakepay is ideal for casual Bitcoin customer – or for anyone that is interested in owning some Bitcoin. I am a big fan of this asset class, as it’s inherently inflation-resistant since there is a fixed supply of Bitcoin.

Shakepay is a small Montreal-based tech company that believes in empowering Canadians from all walks of life to gain financial independence through cryptocurrency trading. It is considered to be one of thebest crypto exchanges in Canada. Shakepay now holds https://forex-reviews.org/ an insurance policy for all digital currencies held in cold storage. This policy covers most damages, theft, and loss of private keys. We intend on increasing our policy to continue covering all digital currencies held in cold storage, as required.

What Is Shakepay Used For?

They also appear to be registered with FINTRAC, Canada’s money laundering and terrorist activities watchdog. Here are some other ways Shakepay keeps your information and your crypto safe. That’s a lot of acronyms…but all you need to know is that Shakepay is strictly regulated.

Shakepay works very similarly to other major crypto exchanges. It is not a peer-to-peer marketplace, so you won’t be buying and selling directly with other customers. If you compare it with other Cryptocurrency exchange websites, Shakepay is relatively hassle-free to trade on. The interface is so user-friendly that even newbie Bitcoin investors can start trading. The best part of signing up on Shakepay is you get a $30 bonus.

Its user friendly interface, low fees, and free e-transfers make it accessible to all. But they have one of the lowest spreads among Canadian crypto exchanges. Also, they have the largest collection of supported digital coins (60+ and they keep adding more). Newton is a relatively new entrant, but they let you trade more currencies than Shakepay.