Logo of Shakepay

Shakepay

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Last updated on

Company health

Employee growth
25% increase in the last year
Web traffic
49% decrease in the last quarter
Financing
July 2021 - $36M

Ratings

G2
5.0/5
(2)
TrustPilot
2.0/5
(17)
Glassdoor
3.6/5
(24)

Shakepay description

Shakepay is a Canadian cryptocurrency platform that allows users to buy and sell Bitcoin and Ethereum. It features a simple interface for quick transactions and commission-free trading at market prices. Users can fund their accounts via direct deposit or e-transfer and earn Bitcoin rewards through referrals and shaking their phone. Shakepay prioritizes security, storing digital currencies offline with insurance and allows withdrawals to private wallets. They are regulated as a Money Service Business by FINTRAC.


Who is Shakepay best for

Shakepay is great for Canadians wanting to buy and sell Bitcoin and Ethereum. We find the simple interface makes quick transactions easy. Users like funding accounts via direct deposit or e-transfer and earning Bitcoin rewards. They also appreciate the secure offline storage.

  • Great for small teams (1-100 employees) looking for simple crypto transactions and Bitcoin rewards.

  • We see it as a fit for those in Finance, Banking, Insurance, Software, IT, and Telecoms.


Shakepay features

Supported

Buy/Sell Cryptocurrency: Users can purchase Bitcoin and Ethereum.

Supported

Account Funding: Users can add funds to their Shakepay account.

Supported

Bitcoin Rewards: Users can get Bitcoin rewards.

Supported

Secure Offline Storage: The platform stores cryptocurrency offline with insurance.

Supported

Withdrawals to Private Wallets: Users can withdraw cryptocurrency to external wallets.

Supported

Regulatory Compliance: Shakepay is regulated as a Money Service Business by FINTRAC.

Supported

View market prices: Users can view marketplace prices for the cryptocurrencies.


Shakepay pricing

The commentary is based on 3 reviews from Shakepay G2 reviews and Shakepay TrustPilot reviews.

We find Shakepay's pricing to be generally well-received, with users appreciating the low spreads and lack of fees. While some advanced features might be missing, the simplicity and cost-effectiveness seem to be key benefits for many.

See the Shakepay pricing page.


Shakepay alternatives

  • Logo of WhiteBIT
    WhiteBIT
    Securely buy, sell, and trade crypto with advanced features.
    Read more
  • Logo of Luno
    Luno
    Buy, sell, and learn about crypto securely and simply.
    Read more
  • Logo of Bitso
    Bitso
    Latin American crypto platform: buy, sell, and manage digital assets.
    Read more
  • Logo of UPHOLD
    UPHOLD
    Buy, hold, and trade crypto transparently with easy conversions.
    Read more
  • Logo of Coinbase Exchange
    Coinbase Exchange
    Securely buy, sell, and trade crypto at professional volumes.
    Read more
  • Logo of Kriptomat
    Kriptomat
    Buy, sell, and manage crypto easily. Licensed, secure, and beginner-friendly.
    Read more

Shakepay FAQ

  • What is Shakepay and what does Shakepay do?

    Shakepay is a Canadian platform for buying and selling Bitcoin and Ethereum. We find its simple interface makes it easy to execute quick, commission-free trades. Plus, you can earn Bitcoin rewards!

  • How does Shakepay integrate with other tools?

    Shakepay primarily focuses on its own ecosystem and currently doesn't offer direct integrations with other tools or platforms. They emphasize a streamlined, in-app experience for buying, selling, and managing Bitcoin and Ethereum.

  • What the main competitors of Shakepay?

    We find that Shakepay's main competitors include WhiteBIT, Luno, Bitso, UPHOLD, Coinbase Exchange, and Kriptomat. These platforms offer similar services such as buying, selling, and managing cryptocurrencies.

  • Is Shakepay legit?

    Yes, Shakepay is a legitimate and regulated platform in Canada. It's registered with FINTRAC as a Money Service Business, which provides a degree of oversight and security for users. We find that their security practices, like offline storage and insurance, also contribute to their trustworthiness.

  • How much does Shakepay cost?

    Shakepay doesn't publicly list its pricing. We recommend contacting their sales team directly to discuss your specific needs and get a customized quote.

  • Is Shakepay customer service good?

    We find that Shakepay's customer service receives mixed reviews. While some users praise its speed and friendliness, others express frustration with long response times and unhelpful support agents. Several negative reviews mention unresolved issues and difficulties contacting support.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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