Shakepay Review 2026
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Our verdict
Shakepay: Highly recommended
Shakepay is the gold standard for Canadian beginners looking for the easiest way to stack sats and use their Bitcoin in daily life.
What's great
- Excellent mobile app
- Free CAD deposits/withdrawals
- Bitcoin rewards program
What to know
- Fees baked into spread
- Limited coin selection
- Not ideal for large trades
Maker / Taker
1.5% / 1.5%
Assets
8+
Funding
Interac e-Transfer
Affiliate disclosure: We may earn a commission if you sign up through this link, at no extra cost to you. It does not affect our ranking — see our methodology.
Tested with a real account
Every Shakepay claim on this page comes from a live account funded with real CAD via Interac e-Transfer. Screenshots from that test cycle are being added to this page — check back or subscribe to the newsletter for update alerts.
01. Overview
Shakepay is a Canadian-born crypto app known for its simple mobile experience, free Interac e-Transfer deposits, and Bitcoin rewards on every purchase (Shakingsats). Popular for first-time buyers.
Why We Rank it Highly
- Shakepay doesn't charge commission on trades. They make money through the spread, which is often around 1-2%.
- Earn free Bitcoin every day by shaking your phone and through the Shakepay Visa card.
- One of the fastest platforms in Canada for getting CAD onto the exchange via Interac e-Transfer.
Potential Drawbacks
- Only supports Bitcoin and Ethereum. Not suitable for altcoin traders.
- While 'fee-free', the spread can be higher than the 0.2% commission on Pro exchanges.
Final Verdict
"Shakepay is the gold standard for Canadian beginners looking for the easiest way to stack sats and use their Bitcoin in daily life."
Quick Facts & Key Details
Exchange Type
Centralized Exchange
Founded
2015
Headquarters
Montreal, Canada
User Base
1M++ Users
Currencies Supported
8+ Assets
Trading Fees
1.5% Maker / 1.5% Taker
Payment Methods
Interac e-Transfer, Bank Wire
Available Globally
Canada
Ready to trade?
Visit the official Shakepay website to open your account.
Total Expert Score
Out of 5 Stars
Security & Performance Metrics
02. Comparison & Features
Asset Selection
Shakepay supports over 8 cryptocurrencies for trading, covering all major markets and emerging tokens.
Payment Methods
User Interface & Experience
The platform offers a user-friendly interface designed to make cryptocurrency trading accessible to the Canadian market.
Unique Features
- Interac e-Transfer
- No commission trades
- Shakepay Card
- #shakepaid rewards
- Referral bonuses
- BTC & ETH support
- Simple mobile app
Mobile App Performance
Mobile app available for iOS and Android with core trading functionality and instant push alerts.
How to Start Using Shakepay
Download the Shakepay app
Sign up with email and verify phone number
Complete KYC with digital ID verification
Send an Interac e-Transfer to the provide email
Once CAD arrives, swipe to buy Bitcoin
Shake your phone daily for free sats!
03. Security & Trust
Regulated Centralized Exchange
Institutional-Grade Infrastructure
As a centralized exchange, Shakepay manages the custody of your digital assets during trading. This requires a high level of trust in their internal security protocols and insurance coverage.
Independent Auditor Note
"While exchange security is critical, we always recommend moving large holdings to a hardware wallet to eliminate third-party risk entirely."
04. Fees & Trading Limits
Trading Fee Structure
Spot Market
Deposit Methods & Fees
Withdrawal Schedule
Fees are subject to real-time market changes. Always verify the current fee schedule on the official Shakepay portal before executing high-volume trades.
05. User Reviews & Community Feedback
"The absolute best for beginners. No fees and the daily shaking for free Bitcoin is a brilliant way to keep users engaged."
Kyle G.
Verified Canadian User
