When finding the best crypto exchange, legitimacy and regulatory status should always be key factors. Shakepay’s strong reputation, positive user reviews, and commitment to security make it a reliable choice for buying and selling crypto. However, those seeking a broader range of trading options may consider alternatives like Kraken or Uphold. Shakepay is a Canadian cryptocurrency exchange that offers a user-friendly platform for buying and selling Bitcoin and Ethereum. It features a unique “ShakingSats” program, allowing users to earn small amounts of free Bitcoin daily.
Cold called to open a ShakePay.com account
Its intuitive interface, fast funding options, and low fees make it especially appealing to beginners and casual investors who want a hassle-free crypto experience. After months of hearing buzz about it, I decided to dive deeply into one of Canada’s most talked-about crypto platforms. With a reputation for simplicity and strong security, Shakepay claims to make cryptocurrency accessible to all Canadians. A Shakepay review seemed like the perfect way to uncover whether it truly delivers on its promises or if it falls short. Verification can help ensure real people are writing the reviews you read on Trustpilot.
Even Canadians traveling abroad may face restrictions on their accounts, which can be frustrating for frequent travelers. Another notable feature is the Shakepay Visa Card, which allows users to spend their CAD balance anywhere Visa is accepted. Many users point out this feature in a Shakepay card review, as it provides a seamless way to use crypto-linked funds for everyday purchases. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Promptly completed the risk assessment and now had access to my account which was empty. Shakepay claims someone used my 3k, while under their control and management while i was denied access and they are not responsible. Never use Shakepay, they are scammer best friend tools. Becareful i do belive is an inside job, i got scam! Lose 3k and have all audio record, it is inside job from someone working with them.
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They just vanished my all funds from shakepay account. Brand new customer here, mostly use Shake for converting crypto to fiat. This service is actually amazing considering that the crypto trading sphere in Canada sucks epic a$$.Exchange rate had me shocked! Other than that it’s been a great experience so far, most of the negative reviews on here seem to be general issues you’d experience with any other wallet/exchange.
They won’t give me my money back.
Below is a snapshot of its key features and benefits to help you understand its core offerings. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. The Shakepay Visa card was released in October 2021 to a limited number of early access customers. The biggest dealbreaker with the Shakepay Visa crypto card, at least as it exists today, is that it does not have any physical card option. As of now, the card is completely digital, which means it cannot be accepted everywhere Visa is accepted.
- It’s been well received because of Shakapay’s non-existent fees and the use of ease when interacting with the Canadian cryptocurrency exchange.
- I had a very disappointing experience with this company and their customer support.
- Shakepay’s mobile app is available on both Google Play Store and the App Store.
- If you miss a day, your streak resets, but inactive shakers still earn 21 sats each time they shake their device.
Slow and Terrible service – typical for a “Canadian” product
Their humble beginnings reflect the industry’s innovative spirit while streamlining the process for purchasing popular cryptocurrencies. Shakepay stands out as an impressive leader in Canada’s cryptocurrency landscape, providing individuals looking to enter digital currencies a straightforward entryway into this realm. Over time, its features and services continue to advance while continuing its commitment to user empowerment in this digital revolution.
No communication with clients.I have accounts with Questrade and NADX, never any problems. Shakepay is a money app that is trying to be the Cash App or Venmo of Canada. You can easily send fiat and cryptocurrencies to friends and family who use the app. Shakepay allows you to deposit Canadian dollars instantly and for free and buy BTC and ETH at the press of a button. While the 1% cashback rewards offered with this card is a bit low compared with some of the other offerings on the market, this rate is bumped up to 2% for the first $5,000 worth of purchases.
- I informed your employee Joey that I needed to transfer this amount asap in order to pay a bill.
- I signed up with Shakepay in January 2022 and I had no problem transferring the funds between my bank account to Shakepay or the other way around.
- The main benefit of the Shakepay Visa card comes in the form of the cashback rewards.
- So be very careful, with this two companies, are scam.
- Getting started with Shakepay is quick and straightforward.
- Shakepay stands out as an attractive platform for purchasing digital currencies in Canada due to its secure verification process and price advantage.
However, keep in mind that there is no such thing as a free lunch. I will explain how Shakepay recovers this cost in the fee section. Click on the share icon in the top right corner of the page to easily send your direct deposit information directly to your employer.
This means we are unable to add any funds to this account nor use any of the functions. An honest guy that just can’t seem to get ahead to injustice claims. I have been with them with for awhile, and I shared my private information with them to get verified. I used shakepay for years, now out of nowhere they accuse my broker of being a scam and then permanently block my account. This is a disgusting way to treat clients, and I hope everyone leaves this company and they go bankrupt. With this crypto shakepay review debit card, users are able to shop anywhere Visa is accepted online.
If you miss a day, your streak resets, but inactive shakers still earn 21 sats each time they shake their device. When you get back into the habit of shaking, your rewards ramp up to the higher-tiered sats, corresponding to your streak length. For which purpose or what kind of people is the crypto exchange most useful. Main score based on expert evaluations & real user reviews. Any amount of money I could transfer back and forward independently.Pretty secure, fast, transparent, and very intuitive. Excellent site in regards to security and navigation.After several BTC purchases I’ve found the process extremely easy and trouble-free (so far).
Head to the “Get Started” button located at the top right of the Shakepay homepage. You’ll be asked to come up with a @shaketag (username), and to provide an email address and password. Shakepay offers two deposit methods – Interac e-Transfer and Wire Transfer. Interac has a $5 minimum deposit fee while Wire Transfer has a minimum of $1000. For user funds on the exchange that are in Canadian dollars, Shakepay stores those on a segregated Bank account.
While Shakepay doesn’t include staking features, its referral program and straightforward deposit/withdrawal methods stand out as key benefits. Shakepay crypto fees can vary depending on market conditions, and users typically pay a spread for each transaction. On the other hand, Uphold has a clear fee structure. Depending on your location, rates for popular cryptocurrencies like Bitcoin and Ethereum range from 1.4% to 1.6%. For advanced traders, Kraken offers spot, margin, and futures trading, catering to different strategies. Shakepay, in contrast, is strictly a buy-and-sell platform with no additional trading features.
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Unlike some exchanges that can feel overwhelming, Shakepay keeps things simple, which is great for both beginners and experienced users. Shakepay’s fee structure has been carefully tailored to stay competitive and transparent, in line with its mission of providing equitable access to digital currencies. I transferred bitcoin from my trading account and the finance blockchain ask me to deposit more o.11BTS to release my 0.82 BTS deposited from my trading account. They hold all my accounts for indefinite days and balance Zero asking for more details trading history etc.