Shakepay Review: A Canadian-Friendly Crypto On-Ramp

Shakepay is a Canadian cryptocurrency platform that focuses on easy purchases and sales of Bitcoin and Ethereum. It was established in 2015 and has gained popularity among Canadian users for its simplified approach and community-friendly extras.

The platform offers zero-fee trading at checkout, with costs reflected through the bid-ask spread built into the quoted price. This means that reviewing live rates before confirming trades can matter for overall cost.

One of Shakepay's unique features is its 'ShakingSats' program, which allows users to collect small daily Bitcoin amounts. The platform also offers a prepaid Visa card that lets users spend their CAD balance wherever Visa is accepted.

However, Shakepay has some limitations. Its scope is intentionally narrower than some global exchanges, with access limited to Canada and only two supported tokens: Bitcoin and Ethereum. Additionally, customer support is delivered via live chat rather than phone, which may be inconvenient for frequent travelers or those who need immediate assistance.