Shakepay Customer Service ️️!!️️ “Number” Reviews

shakepay review

Shakepay customer support can easily be accessed via the chat box in the bottom right corner of the platform’s website. This fee is a bit high considering that trading fees on most other crypto platforms are well under 1%. Shakepay doesn’t charge any fees for crypto or fiat transfers. Great unsecured credit card for customers currently in, or recently discharged from, a consumer proposal or bankruptcy.

shakepay review

It allows you to set up a recurring purchase of Bitcoin or Ethereum daily, weekly, or monthly and watch your investment grow over time, even while you’re asleep. Shakepay integrates several layers of security that protect specific data storage locations on the platform. For example, when a customer purchases ETH on Shakepay, the exchange sells it to them. In October 2020, Shakepay launched a P2P payment system out of beta that allows Shakepay users to instantly exchange CAD, BTC, and ETH — with no fees.

Home Insurance

Shakepay provides insurance for the funds held in cold storage. This includes insurance for most losses incurred by theft, hacks or misplacement of private keys. Shakepay’s insurance policy was created by Aon and underwritten by Lloyd’s of London. Shakepay is one of Canada’s most popular cryptocurrency exchanges, with over 800,000 customers purchasing Bitcoin and Ethereum on the platform since its inception in 2015. GetApp offers free software discovery and selection resources for professionals like you.

Coinbase charges a flat fee of 1% on all cryptocurrency purchases and sales. Both Coinbase and Shakepay offer user-friendly trading platforms. However, Coinbase’s platform is more advanced and offers more features than Shakepay. The site has also recently eliminated its wait times for deposits, withdrawals, and verifications. It has included SmartTrade – the option to trade from one altcoin to another without trading to Ethereum or Bitcoin first.

I’ve been using shakepay over 2 years

If your verification is auto-approved, you can begin depositing right away. His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank. Here’s an overview of other prepaid crypto cards in Canada. The Visa Card can be used to pay for purchases wherever Visa is accepted and allows you to spend from your Shakepay balance.

  • This service offering expands on the Shakepay mission of giving each user “self-sovereign” control over their wealth.
  • Cumulative Realized Gains/Losses from purchases, sales, deposits, withdrawals and transfers in and out, since the account was opened as of the end of the reporting period.
  • You can use the unique referral link in your account’s settings to invite your friends to Shakepay and get rewarded.
  • So, if you live in Canada and you’re looking for a crypto debit card, Shakepay is the better choice.
  • The more people you refer, the more sats you can stack.

All the transactions with these funding methods are free of charge and instant. Shakepay is a cryptocurrency exchange focused on servicing the Canadian market. Unlike other exchanges, Shakepay is focussed on two cryptocurrencies – Bitcoin and Ethereum – which you can buy, sell, and store. In addition to their website, Shakepay is also available as an app for iOS and Android. Shakepay is an application aimed at storing cryptocurrencies and more. It also gives users the freedom to buy cryptocurrencies, such as Bitcoin and Ethereum, and promptly convert them into a fiat currency afterward.

Is Shakepay Safe and Legit

When you look at the buy and sell price of their digital currencies at any given time, you will notice the difference between them. This is pretty standard practice for many exchanges, but you may notice a more significant gap between Shakepays’ buy and sell prices than others. He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice.

shakepay review

This is why Canadian company’s never work, their customer service is unhelpful. My husband just had currency stolen from his Shakepay account. The company is hard to talk to and they aren’t helping us at all – we will never use them again. They have not supported the fraud process at all – have not offered to help us recover the funds.

Top 10 Companies By Market Cap In Canada

Shakepay is a safe crypto exchange, implementing industry standard protocols to secure the money, accounts, and personal data of its customers. Shakepay makes money from the difference between the buying and selling price of cryptocurrencies. Accordingly, the effective charge rate (spread fee) for a trade is 1.75%. As I mentioned previously, there are several funding options at Shakepay that are completely commission-free. This means they don’t charge a commission when you buy or sell cryptocurrency.

It should be no surprise that the Shakepay app and platform are jam-packed with useful features to improve your trading experience. Disclaimer – We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. If you are unsure you should get independent advice before you apply for any product or commit to any plan.

You should move your cryptocurrency assets to your own personal cryptocurrency wallet so that you may maintain control over the private keys. Another one of Shakepay’s drawbacks is that it only supports two different cryptocurrencies. In a similar fashion, when a user sells Bitcoin or ETH to the site, the site will buy it from the user. Users may earn money by buying and selling digital currencies on Shakepay, and the price at which these transactions take place is determined by Shakepay. So, the answer is yes, Shakepay is legit and not only because of FINTRAC but because it also employs cold storage to secure customer money, and also it has handled $5 billion worth of digital assets since 2015. Fintechs Canada is on a mission to promote competition and innovation, as well as stability and security, in the country’s financial sector.

BYDFi Review 2023: Is It a Legit Exchange For You? – CryptoNewsZ

BYDFi Review 2023: Is It a Legit Exchange For You?.

Posted: Tue, 20 Jun 2023 07:00:00 GMT [source]

Cryptocurrency will be one of the main medium exchanges in the future. Our team сonstantly checks news & changes in the crypto world for Canadians. Shakepay is licenced as a Money Service Business (MSB) by FINTRAC and is fully regulated in Canada.

Eventually, you will consider different crypto exchanges that offer more coins and selection. In this case, we would probably recommend starting your crypto journey with Coinsmart (check our detailed Coinsmart review here). There are several Canadian crypto exchanges such as Bitbuy, which was Canada’s first regulated exchange.

That said, I received my complete verification within 24 hours. It seems that many other users have experienced a similar turnaround time. All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider.

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