Shakepay is a Montreal-based trustworthy Canadian exchange that offers free and fast deposits and withdrawals and is considered one of the best Canadian crypto exchanges for beginners. You can deposit Canadian dollars (CAD) via Interac e-Transfer or wire transfer. Verification can be instant meaning you can start depositing and trading right away.
Shakepay is fast, beginner-friendly, and has a modern interface.
Shakepay offers two coins only: Bitcoin and Ethereum.
Shakepay stands out for its free deposits and withdrawals, a feature that can be particularly attractive for users. However, it is important to note that the exchange has a relatively high spread, ranging from 1.2% to 2.5%. This spread, which is the difference between the buying and selling prices, can significantly impact the cost of transactions, making trading fees on the higher side.
Shakepay does not offer advanced trading tools because it is aimed at new crypto users and those looking for a simple, easy-to-use experience.
- Fast and free deposits and withdrawals
- Unique referral program
- Responsive customer support
- A highly rated app
- Beginner-friendly interface
- Only accepts CAD deposits.
- Manual verification can take seven days.
- Only Bitcoin and Ethereum are available.
- High spread
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