How Does Shakepay Make Money?

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Who writes this: Every review on this site is written by Max Hamburger (pseudonym / sudo anon), an independent Canadian cryptocurrency researcher actively tracking and evaluating platforms since 2018.
How we test: We sign up for real accounts, deposit Canadian dollars ($CAD) via Interac e-Transfer, execute real trades to calculate true spread markups, and test withdrawal times to cold hardware wallets.
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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

Related

Read the Shakepay Review

Compare Shakepay to other Top Canadian Crypto Exchanges

In-depth comparison: Shakepay vs Newton

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