Shakepay Review: Shakepay is a Canadian cryptocurrency company based out of Montreal, QC Canada. I have been using them for a little more than a year now, and I have to say, I really, really like the ease-of-use and the UI.
Shakepay Canada is the only Canadian cryptocurrency exchange with zero fees. There are no deposit or withdrawal fees (even if withdrawing to a different crypto exchange like Coinberry), and no trading fees
They have a cool feature called #shakingsats that give you free satoshi’s daily. (A Satoshi is the smallest unit of Bitcoin.) Learn more about that at the end of this Shakepay review.
A lot of people are confused about how to move their crypto back into fiat currency. That’s understandable, as it’s not as intuitive as buying your first Bitcoin in the first place, which for many people was purchased on Coinbase.
Recently, I discovered a little gem of a platform called Shakepay, which has an awesome user interface and is fun and easy to use.
Not only that, but Shakepay does not charge any fees. 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. This is called a spread.
I really love Shakepay, and I put together a quick video to show you how to use Shakepay and to convert some crypto back into fiat Canadian dollars.
Shakepay Canada Review
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.
This video will show you how to use Shakepays features so you can start leveraging your Crypto and controlling your money!
(The bonus was temporarily increased to $30 in early 2021 and has been reduced back down to $10. But it’s still a great ROI for just signing up and buying $100 worth of BTC or ETH.)
August 2020 Update on Shakepay:
Shakepay’s New Cold Wallet insurance policy
Shakepay now holds 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.
This news was covered by CoinDesk.
Shakepay’s Independent security report
Shakepay hired a security firm to independently review our procedures for storing funds and processing transactions.
The 19-page report linked on our new security page verifies that:
- Shakepay has enough digital currencies and fiat to cover the balances of our customers.
- The digital currencies held in hot and cold wallets are unlikely to be compromised.
The full report is well worth a read if you’d like to know more about how Shakepay operates.
The insurance policy and the security report should provide added assurances to continue using Shakepay to buy bitcoin, but we always recommend learning to set up a wallet, controlling your own keys, and becoming financially self-sovereign.
#ShakingSats (How To Earn Free Bitcoin Daily)
I just found out that if you open the app daily and “shake” your phone while the app is open, you instantly get free BTC. Now these are only a few satoshi’s, but the grow daily as long as you keep up your streak.
This is a good way to keep a pulse on the price of BTC as it increases.
Here is proof of my making about 34 cents for absolutely 10 seconds of “work” which is starting to increase daily.
Here is a video showing how to earn free Bitcoin from Shakepay Shaking Sats feature:
Shakepay Shaking Sats
You NEED to be referred using this link to have the #shakingstats feature added to your account.
If you didn’t signup with a referral code, you can add one to your account during the first 30 days here: https://www.shakepay.com/add-referral
Add my referral code: 12ZTDVZ
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. This provides some nice balance to other fiat-based assets you may be investing it.
You can start with even a few dollars of Bitcoin or Ethereum and fund it from your checking account with a simple e-transfer if you live in Canada. Shakepay is only available for Canadians at the current time.
Shakepay Vs Newton
Shakepay is often compared to Newton on places like Reddit. And people talk about the difference in the fees. So I did a comparison of the fees while making a simultaneous trade on both Shakepay and Newton.
You can check out that video here:
I am a fan of Newton also. Newton has the ability to login with your thumbprint on the mobile app, which is nice, and they have a wider variety of coins – so it’s a good place to buy crypto if you want to move beyond just Bitcoin and Ethereum (which are the only coins offered by Shakepay.)
ShakePay New Features
Shakepay has added the feature to add recurring buys, so you can automate your savings abd purchase a set amount of ETH or BTC at regular intervals automatically.
Also, Shakepay announced they have over 1 Billion Canadians on the platform. And they have also started a waitlist where you can get a pre-paid credit card through their platform and earn free Bitcoin as rewards instead of cashback like a traditional credit card. This is a great Fintech development.
If you have any questions about my Shakepay review, please leave a comment below, or just signup using the link above. Anyone who signs up will also get a free course on understanding cryptocurrency in addition to the #shakingsats bonus and the $10 signup bonus. Just use this Shakepay link on this page to open your account.
After signing up, contact me via my contact page and let me know your name and email so i can send over the extra bonuses.
Andrew Murray is an online marketer with a knack for explaining complicated marketing strategies that the average person can understand and implement. My mission is to help the little guy (or gal) make a full-time income from home!
If you really want to know the full story behind how Marie Torres and I became so successful, watch this 45-minute video (People tell us they LOVE it.)