Shakepay is a popular Canadian trading platform. Users can have their account with the platform to make easy investments. The cryptocurrency market is volatile but with good opportunities. 

Traders can use the Shakepay platform to trade in it and make the best of their trading skills. Here's a brief analysis of the cryptocurrency exchange to know the platform better and make great investments. 

So, let's dive in and understand the features of Shakepay. 

What is Shakepay?

Shakepay is a Canadian crypto trading platform. It was founded in 2015 to have easy access to the markets. Traders can easily buy, sell and hold cryptos online using smart technologies. 

Traders can invest in Bitcoin and Ethereum with the platform. But the platform does not allow traders to have private keys for cryptocurrencies. Instead, it makes it simple for traders to transfer their funds to the best crypto wallets. 

Over the years, the exchange has had more than 6,00,000 Canadians using the services. The exchange allows the users to convert their Canadian dollar into a digital asset.

Pros and Cons: A general overview 

Shakepay is a growing trading platform. Users are considering it for their trading requirements. The tools, indicators, assets, and several other features make it the best in the market. 

Mentioned are the advantages and drawbacks of the platform to get a quick overview: 

Pros: 

User-friendly option to trade Bitcoin in CanadaInterac e-transfer system enables free transfers to and from the free transfers with Shakepay in minutesShakepay change service allows users to earn cryptocurrency by rounding purchases with a debit cardFree for customers to move Bitcoin into a non-custodial walletShakepay OTC is available for traders who wish to purchase more than CAD 2,00,000 cryptos

Cons:

Available only in CanadaIt has some hidden fees

Funding Methods

Trading becomes convenient when investors have the best funding system. At Shakepay, users get the best support to make trading simple. Traders with Shakepay can have the following funding methods. 

Method

Buy

Sell

Speed

Fees

Buying Limit

Bank Account (ACH)

No

No

N/A

N/A

N/A

Credit Card

No

No

N/A

N/A

N/A

Debit Card 

Yes

Yes

Minutes

1.75%

$5000 CAD

Wire Transfer

Yes

Yes

1-2 Business days

1.75%

Unlimited

Features of Shakepay

Shakepay is an easy-to-use trading platform. Traders can invest in various cryptocurrencies and the best features. However, there are only some features available with the Shakepay app. 

Below are the best features of the trading platform: 

Mobile App

The crypto platform provides traders the best app to trade directly in the market. They can access the platform anywhere. Moreover, it provides most of the features in the app to make investing easy. 

Also, the website of Shakepay is simple for traders' investments. Users can have complete transaction history with both applications. 

Instant Buy/Sell

Traders can make their trade quick with the instant buy/sell feature. They can buy or sell cryptos quickly. First, they must register and open an account with the platform. 

Price Alerts

Users can get a notification on the cryptos when they hit a specific price on the cryptocurrency exchange. Traders can set up the notification in settings to avail of the service. 

Limit Orders

Traders have the order types to minimise their trading risks. For example, traders can create a purchase or sell order at a certain price with a limit order. 

Referral Bonus

Rewards are the attraction for traders. Shakepay gives traders a chance to get a referral bonus by referring it to friends. If a trader spends $100, users get $10 on it. 

Is Shakepay safe?

Shakepay is a secure trading platform. It has regulations of FINTRAC and AMF that regulate its working. Thus, the platform is legitimate. Traders can trust the crypto exchange and make easy investments. 

The headquarter of the firm is in Montreal, Quebec. Also, the company is permitted to operate in Canadian provinces and territories. 

Read also Blockfi vs Celsius

Conclusion

Shakepay is a famous exchange. It is a platform in Canada that offers services to citizens only. The platform features are next level, making trading more efficient. 

Traders can have mobile apps, instant buy/sell, price alerts, and rewards. Also, the platform is safe for traders—overall a good trading platform for investors. 

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