Shakepay Review 2023: Is it Safe and Legit? Is it Worth It?

shakepay review is a Canadian platform enabling users to buy and sell Bitcoin and Ether instantly via desktop or mobile app. Although you can make basic transacmarkets60ns on your desktop, you will need to download the app if you want to use the full range of Shakepays features. Many of their features are actually unavailable when logging in from your desktop. A small amount is kept in hot wallets to provide liquidity for daily transacmarkets60ns. All personal data is encrypted, and all accounts are secured with two-factor authenticamarkets60n .

Users can add funds or deposit cryptocurrency after completing the applicamarkets60n and verificamarkets60n processes. Because this is a cryptocurrency exchange platform, the primary focus is on trading digital currencies with effective rates of 1.75 percent and converting them into money. Shakepay is known for its user-friendly interface and easy-to-use mobile app. The platform allows users to buy and sell Bitcoin and Ethereum quickly and easily using Canadian bank accounts.

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https://forex-reviews.org/ are covered by Shakepay, which is a rare benefit that most exchanges don’t provide. Shakepay is more than just a cryptocurrency exchange. It is a gateway for Canadians to explore the world of digital assets. If Shakepay’s security is compromised, Shakepay will review the situamarkets60n and take care of losses that reach up to $100,000. You can further protect your digital assets by moving them offline to a cold wallet like Ledger Nano X or Trezor. Shakepay enables deposits and withdrawals via e-transfer and wire transfer.

It offers a reputable and reliable cryptocurrency platform that provides users a seamless and user-friendly experience for buying, selling, and trading digital assets. What’s great about Shakepay is it’s the most simple platform Canadians can use to purchase Bitcoin and Ethereum. If those coins are all you want, and you don’t need advanced order types, then Shakepay is a great choice. It offers free deposits and withdrawals including free crypto withdrawals , plus, you get to have fun shaking your phone and seeing your sats stack up.

Made a wire transfer to Shakepay

It would give its customers more peace of mind knowing the details about these. To be safe, you should transfer your crypto assets to your own crypto wallet where you hold the private keys. Shakepay also offers a “Shakepay Card”, which is a prepaid Visa card linked to a user’s Shakepay account. This allows users to spend their cryptocurrencies at any merchant that accepts Visa easily. Addimarkets60nally, Shakepay has a built-in rewards program that rewards users with Bitcoin for every purchase using the Shakepay Card.

Recurring buys will automatically buy currency at a frequency pre-selected by you. One thing to note is that you can only access this feature on the mobile app. Wire transfer has a minimum of $5,000 CAD and no maximum. It can take 1 to 2 business days for the funds to appear in your account. Wire transfers must be sent from your personal Canadian bank account, which may charge you a fee. Shakepay will provide you with their account details for the transfer, and they recommend sending a copy of your confirmamarkets60n to them to speed up the process.

What are the fees?

Users can also deposit or withdraw BTC and ETH at no cost — Shakepay also covers the mining fees. However, unlike many, Shakepay transparently outlines the process of transferring assets to a non-custodial crypto wallet or CAD bank account, near-instantly. Like many Canadian cryptocurrency exchanges, Shakepay acts as the custodian of wallet deposits and holds the private keys to access them .

As of recent, she has been studying some non-mainstream stocks in Canada. When I’m not immersed in numbers, I like to spend time with my dog and plan my next trip. So if someone calls you claiming to be a Shakepay employee, it’s most likely a scam. A prominent feature is the Shakepay customer service.

All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for informamarkets60n purposes only. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. You and up to four friends can also form a ShakeSquad and earn rewards on each other’s purchases. Click the “Add Funds” button and you will find a few ways to add funds to your Shakepay account.

It is straightforward to make a trade on Shakepay, and the interface is very user-friendly. Since the features are more basic, you don’t need to worry about messing up a transacmarkets60n or struggling to find your way around. Then you choose what currency you’d like to use to make your purchase. You’re only opmarkets60ns will be CAD, Bitcoin or Ethereum. What they offer is simple and very clear, largely because of their focus on the mainstream Canadian market.

• Shakepay also offers a “Shakepay Card”, which is a prepaid Visa card linked to a user’s Shakepay account.
• He works with startups and established tech firms to create content that resonates with diverse audiences.
• On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.
• When I’m not immersed in numbers, I like to spend time with my dog and plan my next trip.
• Exodus is a payment processing software that helps professionals manage, exchange, send, or receive cryptocurrencies,…

There is no opmarkets60n to use your credit or debit card. There is only a $5 minimum with Interac and a $5,000 minimum with wire transfers. The $5 Interac minimum is a huge plus because a lot of other crypto exchanges will require at least a $50 minimum, sometimes $100. They hired a security firm to independently review their internal procedures for storing funds and processing transacmarkets60ns. You can read the entire review done by the security firm.

Support

Shakepay is an excellent opmarkets60n for digital currency exchange in Canada, thanks to its appealing feature set and commission-free funding. Shakepay is a secure cryptocurrency broker, and it is commission-free, fast, and safe to use. But in the real sense, Shakepay is not a cryptocurrency exchange. It only acts as a broker between itself and its users, facilitating the buying and selling of digital currencies. Users need no more than a mobile phone to visit the app and purchase their first Bitcoin.

At Finty we want to help you make informed financial decisions. We do this by providing a free comparison service as well as product reviews from our editorial staff. You can withdraw to a bank account or your personal wallet. ShakingSats rewards you with free crypto just for opening the app and shaking your phone. The recurring buy feature lets you define rules to automatically buy crypto at regular intervals .

Now, let’s go over everything you need to know to make the most of its features and benefits. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderamarkets60n. To purchase crypto, just enter the amount you wish to purchase.

Simply select the currency for which you want to place a limit order and enter the highest price at which you would buy or the lowest price at which you would sell. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry. Cryptocurrency will be one of the main medium exchanges in the future.