ShakePay: Benefits & Pros
Excellent choice for beginners. ShakePay is suitable for individuals that are new to crypto investing. With a simple, user-friendly crypto platform specifically for beginners, ShakePay is one of the simplest cryptocurrency exchanges in Canada to buy and sell Bitcoin and Ethereum for $0 commission.
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ShakePay offers free deposits for bank deposits in Canadian dollars and cryptos. That is, individuals can initiate free Interac deposits from your Canadian bank account to ShakePay account. You can also deposit cryptos for free into your account. Learn more
ShakePay offers free Interac withdrawals to your Canadian bank account as well as free crypto withdrawal fees. Learn more
ShakePay offers no trading fees for buying and selling cryptocurrency. However, ShakePay features variable price spread on buy and sell trades ranging from 1% – 3%.
Offers responsive customer service support including email and chat support.
ShakePay offers only 2 coins. These include Bitcoin and Ethereum.
This implies that you can fund your ShakePay account with Canadian dollars directly and buy either Bitcoin and/or Ethereum.
How To Fund Your ShakePay Account?:
ShakePay offers multiple funding and deposit methods including Interac e-transfer, wire transfer and crypto.
The easiest way to fund your ShakePay account is via Interac e-transfer. Once you initiate the Interac e-transfer from your bank, it takes as little as 30 secs for the funds to show in your account.
To ensure your Interac e-transfer goes through without any hassle, ensure you include your unique reference code in your Interac transfers from your bank to ShakePay. There’s usually an option to include a note or message with your Interac transfer, ensure you include your reference code there.
Without this reference code, ShakePay will be unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your ShakePay account to avoid any delay in deposits.
Crypto Transfer To Wallet:
ShakePay supports transfers of your crypto from ShakePay to other crypto exchanges platforms or cold wallets such as Ledger Nano X.
▶️ VIDEO: HOW TO TRANSFER BITCOIN FROM SHAKEPAY TO LEDGER WALLET
As explained in our Crypto Investing for Beginners, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X and never leave it on any crypto exchange.
To get your Ledger wallet from the official website, click here
SHOP LEDGER NANO X? CLICK HERE
How To Open A ShakePay Account?:
To get started, sign up here and get $30 bonus once you fund your account with $100 or more and buy any crypto of your choice.
ShakePay offers quick id verification for new customers which means you can start buying any crypto as soon as you create and fund your account.
To open a ShakePay account, you’ll need to provide these information:
- Phone number
- A valid government issued photo ID e.g. driver’s license, passport, provincial ID card
- A selfie of yourself
Once your account registration is complete and verified, you can then fund your account via Interac e-transfer for ease.
▶️ VIDEO: HOW TO OPEN SHAKEPAY ACCOUNT
▶️ VIDEO: HOW TO BUY BITCOIN ON SHAKEPAY
ShakePay Referral Code & Program: $30
To earn $30 sign up bonus, click here
Or use ShakePay Referral Code: MFZ0JPC
Automatically buy Bitcoin or Ethereum daily, weekly or monthly.
Place a buy or sell order at a price you set
Quick deposits and withdrawals, responsive customer support, secure digital asset storage, insurance policy and many more.