If I get money back, I will never use it again. I really want my money returned. At first I thought maybe I had made some mistake, but now I just feel angry for the support. The next day same thing still happen.
Companies can ask for reviews via automatic invitations. Anyone can write a Trustpilot review. You can "shake" your phone every day to have free bitcoin (around 0.10$ to 1.50$) .
- Easy to use.Fast support service.Canadian user protected
- Users are encouraged to transfer their digital assets to a wallet where they have control over their private keys.
- Shakepay competes alongside these giants, and I’ll explore how its features, fees, and user experience stack up.
- We also like that the app is integrated with Shakepay’s debit card.
Shakepay Review: Rapid Overview
Shakepay has a mobile app on both the Apple App Store and Google Play. Their humble beginnings reflect the industry’s innovative spirit while streamlining the process for purchasing popular cryptocurrencies. To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology. However, those seeking a broader range of trading options may consider alternatives like Kraken or Uphold. Both platform have been in the field for a long time and had no such accidents. That said, while no system is guaranteed to provide absolute protection, it's understandable if you'd like to use an exchange that hasn't been involved in hacking.
- Naturally, Shakepay reviews Canadian regulations and follows them, ensuring compliance and security for its users.
- For cryptocurrencies, the withdrawal limits can vary, so users should check the latest terms on Shakepay’s website or contact their support for up-to-date information.
- Every platform has boundaries, and Shakepay’s are notable.
How does Shakepay earn money (trading fees, spreads, commissions)?
Spreads can be wider than on numerous rivals, which may make overall costs higher than you expect on Canadian exchanges. Shakepay competes in that arena, so I evaluated features, pricing, and day-to-day usability side by side. This Shakepay review examines whether those claims hold up in real-life use or crumble under scrutiny.
Key Features
Besides the web platform, you can use the Shakepay mobile app. You can store the rewards in your account or transfer them to a Bitcoin wallet. Every time you shop with any Visa merchant worldwide, you’ll earn 1% in bitcoin, which will be deposited into your account on the website. Everything from account registration to ordering bitcoin was a breeze. One of the standout things about Shakepay is that it charges low fees relative to other exchanges.
Namely, Tether, XRP and BNB, which are in the top 20 cryptos by market cap. Since 2015, Shakepay has made it easy to buy and sell Bitcoin (BTC) and Ethereum (ETH) using Canadian dollars. Unfortunately, the website does not offer phone support, but the support team is responsive and helpful and will try and resolve your issue as soon as possible. If you can’t find what you’re looking for, you can always contact customer support by email or live chat. Whether you want to know more about the site’s fees or some technicalities, this section covers you. Like Shakepay, Newton allows you to buy and sell Bitcoin and Ethereum with CAD.
Free Crypto Coverage Direct To Your Inbox
Advanced traders can easily find some of the best crypto exchanges for their more complex needs. After following the six-step signup process, an automated third-party service will attempt to verify your account. If you want to sell crypto with a market value of $10,000, you may only receive $9,900. Simply put, this means that if the market price of Bitcoin is $10,000, the platform will sell it to you at $10,100. The platform earns revenue by applying a spread to transaction prices. A prepaid Visa card is offered on the app and lets you earn bitcoin when you use the card to make everyday purchases.
Coins Supported on Shakepay
Just enter the CAD dollar amount of crypto you want to purchase and click “buy”. Their streamlined system makes it easy to exchange Bitcoin and Ethereum with no unnecessary steps. Valid ID, Canadian phone number, name, address, address verification, DOB, security selfie Cold storage, insurance, multi-party approvals, and more No commission fees, takes percentage of revenue from spreads Earning crypto by using Shakepay visa card, referral program and more
Shakepay stands out as an industry-leader by providing exceptional customer support that goes beyond simple reactive measures to address user issues in a proactive fashion. These include two-step verification and additional checks designed to keep cryptocurrency holdings private and safe for their owners. As an approved Money Service Business, Shakepay incorporates multiple layers of protection measures for user assets and personal data. Shakepay stands out as an efficient platform that prioritizes user convenience and respects its clientele’s time.
Shakepay Supported Cryptocurrencies
This won’t be an issue for many users, but those who prefer other languages might find it less accessible. When they introduced the dark mode feature, a popup greeted users with “Hello darkness, our new friend” —a clever nod to The Sound of Silence. During peak periods, users might experience longer wait times, which can be frustrating for those needing urgent assistance. Many Shakepay reviews point out the responsiveness of the support team.
As the crypto industry evolves, regulatory compliance remains a key legal development for exchanges operating in Canada. When finding the best crypto exchange, legitimacy and regulatory status should always be key factors. Shakepay faced a security breach in 2023, which quickly became a buzzing topic in crypto news. As we wrap up this Shakepay review, I’ve covered everything from account creation to withdrawing funds. In contrast, Uphold offers over 265 cryptocurrencies, expanding far beyond the Shakepay crypto list to include assets like equities, stocks, and forex for diverse trading options. Lastly, fees are a significant factor for both exchanges.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Fast transfert, fees are very abordable compare to other wallet. After 7 days, the support team reached out to me and funded my account. Simple user interface, great customer service. Look up shakepay.co reviewsIt's been 10 days and not a single reply…
Jan 8 – email from Jonathan asking if any other party had any involvement in my Shakepay account / I replied on Jan 10 that no one else had involvement in my Shakepay account.4. Other than waiting on any response from Shakepay, which apparently is not coming, I have done all that I believed was necessary to complete this transaction. I have emailed and done what I believed was necessary and for some reason you have decided to suspend my account.
Shakepay stands as an embodiment of digital finance’s innovative, secure and user-centric ethos, where user experience and innovation remain top priorities. Customer service remains at the core of Shakepay’s offering, with an exceptional team available via email and phone to offer assistance. Shakepay stands out as an attractive platform for purchasing digital currencies in Canada due to its secure verification process and price advantage.
How to reach Shakepay customer support
However, Shakepay reviewed the situation and took immediate action to secure user data and improve its platform. Shakepay is a user-friendly exchange with unique features like ShakingSats for earning Bitcoin. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
All reviews, either positive or negative, are accepted as long as they're honest. Leave your genuine opinion & help thousands of people to choose the best crypto wallet. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. While Shakepay doesn’t include staking features, its referral program and straightforward deposit/withdrawal methods stand out https://forex-review.net/shakepay-review/ as key benefits. In terms of deposit and withdrawal fees, Uphold’s fees can range from 0% to 3.99%, depending on the asset and payment method used.
This exchange currently supports 2 of the top 30 market cap cryptocurrencies. No matter your experience level or expertise in cryptocurrency trading, Shakepay provides an enjoyable experience. You can still access your account while traveling, but as one of the best fiat-to-crypto exchanges in Canada, Shakepay limits some functionality for those abroad. Shakepay is designed specifically for Canadian users, so its features will be limited if you are outside Canada. Shakepay is only available to Canadian residents and does not support users in the United States. Yes, Shakepay is a legitimate cryptocurrency platform registered as a Money Services Business (MSB) in Canada.
Shakepay was established with a vision to provide users with an easier crypto experience, quickly becoming one of the leading cryptocurrency exchanges across Canadian provinces. Shakepay fees are structured to be commission-free for buying and selling crypto, but the platform makes money through the spread between buy and sell prices. While Shakepay is a solid choice for Canadians, US users will need to explore other platforms for their crypto trading needs.