You guys are not sorry and do not care because if that would be the case, the email change would have been approved right away since you guys were talking directly to the account holder. I informed your employee Joey that I needed to transfer this amount asap in order to pay a bill. You guys do not care so stop it with your customer service bs and assess the situation right away especially when you have a customer with this kind of tenure asking you to resolve an issue. For more experienced traders, however, other platforms may be more desirable as Shakepay doesn’t allow you to store your private keys when you have funds stored in their app.
Shakepay Review: Features, Pros, Cons, Requirements & Fees
The app’s interface is clean and easy to navigate, even for beginners. They make a small market-maker exchange fee as the difference between the buy and sell price – much like the banks do when converting from USD to CAD or vice versa. Hi Saeed, I’m sorry to hear about your negative experience with Shakepay. You will need to enter your name, birthday and occupation, plus confirm that you are only using the account for yourself.
Most appauling investment experience…
In this post, we are going to look at Shakepay review which includes features, pros, cons, fees, requirements and Shakepay alternatives. There are some good alternatives to the Shakepay bitcoin cash back card that we’ve discussed above. In the end, it is up to you to decide which crypto card is best for you. The Crypto.com Visa Card, on the other hand, offers cash backs of up to 5%. It also includes other features like an unlimited airport lounge and LoungeKey access.
Key Features & Benefits
The platform earns revenue by applying a spread to transaction prices. When Jean shakepay review Amiouny and Roy Breidi started Shakepay in 2015, it was just a Visa card that could be loaded with bitcoin. However, the company expanded and evolved when it realized users needed a more complete crypto exchange platform. It is now used by more than a million people to buy, sell, and hold cryptocurrency. Trading on an exchange such as Shakepay goes beyond being simple transactions; it also involves experiencing the assurance and fluidity of a well-designed platform. Our experience caters to both novice investors and more seasoned traders by creating an ideal atmosphere to support rapid purchasing and selling of cryptocurrency with confidence.
- You can also add an extra layer of security to your account by enabling Two-factor authentication (2FA).
- You can also turn on a setting in your account to confirm transactions via email as an additional security precaution.
- However, our content is written independently, based on hands-on experience, research, and a strong commitment to transparency.
- For more experienced traders, however, other platforms may be more desirable as Shakepay doesn’t allow you to store your private keys when you have funds stored in their app.
You need a Canadian phone number and an official ID issued by the Canadian government (e.g. driver’s license, passport, provincial ID card, residence permit card) to sign up for Shakepay. You can either buy or sell instantly at the current price or place an order to trade at a price you desire. If you want to stay in the loop, you can even set notifications for when Bitcoin or Ethereum has reached a certain price.
- As always, your security is our top priority and sometimes that involves placing a hold on accounts.
- Twice in 3 months they withheld my money purporting security concerns that’s after 7 years with them.And They do not respond right away.
- Shakepay will give you a preview of the transaction and disclose the selling price.
- This is harder to know what the real fees are, but just know that if you buy or sell Bitcoin on Shaekpay, you are paying a small markup.
Shakepay deposit methods
Notwithstanding that concern, the Shakepay crypto exchange is a beginner-friendly and affordable way to purchase BTC or ETH. Shakepay does not offer phone support, but you can get help via live chat in the app. There’s also an extensive collection of articles online in the Shakepay Help Centre. The ShakingSats feature and the platform’s quick and easy responses have received positive evaluations from Canadian traders. The bottom line is that Shakepay has the potential to offer much more for investors, and we can only see its trajectory going upward.
Overall, Netcoins is worth checking out if you’re looking for one of the best Shakepay alternative in Canada that is perfect for both beginners and experienced crypto traders alike. Like Shakepay, Netcoins is also registered and regulated as a Money Service Business (MSB) by FINTRAC. However, Netcoins supports 30+ coins and allows you to hold both CAD and USD in your account. Every purchase you make with the card will earn you 1% back in Bitcoin. However, you will earn 1% cash back in Bitcoin on your first $5,000 purchases with the card.
During my review, I found the platform delivers on its promise of making trading easy. The process of buying Bitcoin or Ethereum can be done in just two clicks. Just enter the CAD dollar amount of crypto you want to purchase and click “buy”. While Shakepay does not charge commissions, it has a variable price spread that can cost you up to 3% on both ‘buy’ and ‘sell’ transactions. The time it takes to transfer bitcoin from Shakepay to another wallet can vary depending on network congestion and the fee attached to the transaction.
The card also provides 1% cashback on all purchases made with it. Here is another crypto platform that has failed me in many ways after dealing with over $400k Cdn. Now I want to use them to withdraw my capital, they are giving me problems, asking me who is helping?
Unlike other Canadian crypto brokers, Shakepay allows you to execute free trades, and make free deposits and withdrawals. Even more interesting is the fact that Shakepay offers a prepaid card that lets you make purchases in dollars and earn cash back in bitcoin. Shakepay is a Canadian crypto money service business where customers can easily buy and sell bitcoin and ethereum on their desktop or through the Shakepay app.
Yes, Shakepay is a legit company that has already served more than 800,000 Canadians. If you compare these prices to Coinsmart or NDAX-Shakepay charges will be slightly on the higher side. To join Shakepay, you have to go to the official Shakepay website or download the mobile app. All you have to do is confirm your phone number and update your KYC information on the website.
Other services
However, those seeking a broader range of trading options may consider alternatives like Kraken or Uphold. When you collect enough Bitcoin or Ethereum, and feel more advance there’s other platform, but shakepay is easy to withdraw some fund. Hi Ilya, I’m sorry to hear about your negative experience with Shakepay. This means there are certain guidelines Shakepay must adhere to in order to operate as a business. Our support team would be more than happy to investigate this for you to see where things went wrong and help you get back access to your funds.
That said, they make it easy to send funds to personal crypto wallets. To start buying, you need to use Interac e-Transfer to deposit money from your banking account to your Shakepay wallet. Once your wallet is funded, then you’re free to trade on Shakepay.
The Netcoins Card on the other hand gives a 1% on all your purchases. This means no matter the amount of your purchases, you will still earn the 1% cash back. The Shakepay Visa Card is a good option if you’re interested in getting into crypto and want to earn rewards while doing so. To get started with the Shakepay card, first sign up for an account on the Shakepay website or download the mobile app from the App Store or Google Play.