Shakepay Review: Pros & Cons, Fees and Features

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Shakepay Review: Pros & Cons, Fees and Features

Customer support plays a crucial role in any crypto exchange experience, and Shakepay is no exception. The platform provides assistance through a support chat, allowing users to reach out via the app or website. Shakepay doesn’t offer traditional staking features, but it does provide users with an innovative way to earn rewards through its « ShakingSats » feature and a Referral Program. While you can’t earn rewards through staking, these two features offer fun and engaging ways to boost your crypto balance. Thanks to their simple user interface and fast transactions, users are able to get their feet wet, fast. The reward increases every day so make sure you don’t break the streak!

That kind of long-term potential is why more people are getting off the sidelines and starting to stack. Even that five dollar coffee you buy with your Shakepay Card could put you in a stronger position tomorrow. Because when it comes to building digital wealth, starting early can make all the difference.

How long will it take to have my e-Transfer credited in my Shakepay account?

This means that any bitcoin or Ethereum assets you have must be sold for CAD before you can use them to fund your card. However, Shakepay only allows you to fund your card with Canadian dollars at the moment. All you have to do is add your Shakepay card to Apple Pay and pay for things in stores that accept contactless payments, within apps, and on the web.

Let’s get you set up (it only takes a few minutes)

The author of this very post told herself she’d shake after one last TikTok (it’s never just one) and broke a 20-day streak after forgetting entirely. Spending comes directly from your Shakepay Canadian dollar balance, so before you make any purchases, ensure you’re topped up with (easily done with an Interac e-Transfer®). Now that you’re verified, it’s time to take Shakepay for a test drive. Only…lighter, friendlier, and with the ability to help you build wealth with bitcoin.

Once the e-Transfer is cancelled from the mobile or web banking app, the funds will be reverted immediately. If you manually send funds from a joint bank account that you share with someone, we will need to receive a proof of joint account from you. We will not accept funds sent from a corporate bank account or any other person. If you have sent funds from a joint bank account, you will be asked to provide a recent bank statement as proof.

Additionally, customers can also send money to their friends or issue bank transfers to institutions such as TD, Scotiabank, RBC, and more. Shakepay supports Interac e-Transfer, Bank wire transfer, and ETH/BTC deposits. Based in Montreal, Shakepay is a crypto brokerage platform that allows Canadians to trade Bitcoin and Ethereum instantly with no trading fee. Shakepay is the go-to crypto app for Canadians who want a simple, safe, and fee-free way to buy Bitcoin and Ethereum. Usually, e-Transfers are almost instantly received in Shakepay if you are sending funds from a previously approved e-Transfer account or if you are using Interac Request Money. Shakepay is unable to cancel or reject incoming e-Transfers, it must be cancelled from the sender’s end.

However, interchange fees do not make up a significant portion of the revenues earned by Shakepay. When people hear “crypto app,” they often picture complex charts, confusing wallets, and technical headaches. It’s one of the simplest platforms for buying, selling, and earning Bitcoin and Ethereum — and it’s built specifically for real people. This means that do not charge a commission for buying or selling either of their cryptocurrencies…BTC or ETH.

Apps that pay you for investing

All you need to do is spend money, but don’t forget the receipts – snap them to upload your purchases and start earning. In fact, Survey Junkie is considered to be one of the top paying survey apps out there and offers access to high paying surveys that many others don’t. However, it does take some time to get to these higher earnings thresholds as a user. Netcoins offers similar advantages to Shakepay, but it includes some unique benefits. Namely, Netcoins also offer commission-free funding, where you can easily fund with Interac e-Transfers, wire transfers, or crypto deposits, while transactions are swift and straightforward.

Real stories from real Canadians

That’s why we’ve trawled the very corners of the internet to bring you this list of the best apps for making money using just your phone or personal computer. Money making apps – do they really work, or are they too good to be true? We uncover 55 apps that you can make money with online, from taking surveys to delivery driver apps. The site has also recently eliminated its wait times for deposits, withdrawals, and verifications. It has included SmartTrade – the option to trade from one altcoin to another without trading to Ethereum or Bitcoin first. Following that, you can contact Shakepay support via the app or the website.

How to sign up on Shakepay exchange

  • Shakepay is an exchange platform for cryptocurrency that stores crypto or transfers it to a private wallet.
  • Furthermore, the chart can be customized to show different timeframes and data points, allowing users to stay updated on market changes.
  • When finding the best crypto exchange, legitimacy and regulatory status should always be key factors.
  • You can easily transfer these assets to other exchanges or your hardware wallet.
  • The reason for this is Shakepay’s commitment to certifications and compliance with regulations and insurers.

Set up direct deposit to have some (or all) of your paycheque land straight in your Shakepay account. Congrats—your Shakepay Card is installed and ready to use out in the wild. Once you’ve submitted your selfie video and the photo of your ID, we’ll review your documents, and you’ll receive your verification status via email in as little as a few minutes. But with so many cool features to explore, and new concepts to understand, it can be difficult to know where to start.

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  • However, your money will be locked in for longer terms than on standard investing apps, so make sure you’re aware of the platform’s limited liquidity.
  • It could be argued that Uber has even more potential for making money since it’s got even wider reach.
  • While the design and functionality are solid, one limitation is language support.
  • The fact that you can earn a bit of crypto just by using Brave regularly doesn’t hurt, either.

Almost a year after launching, in August 2017, Shakepay stopped issuing new debit cards to customers outside Europe (where most of its customers were based anyways). VISA previously dropped its card issuer Wavecrest, which made processing payments impossible. On top of that, customers will earn 2 percent in cashback for every purchase they conduct via the card. Also, both platforms don’t offer a full-fledged crypto exchange for advanced order types (unlike CoinSmart).

Our goal is to help Americans shakepay review save 1 billion dollars in legal fees every year. Shakepay is a Montreal-based FINTRAC compliant buy & sell currency platform designed specifically for users in Canada. You can use your Shakepay Card to make online purchases anywhere Visa cards are accepted.

The Shakepay card is also issued by Peoples Trust, a reputable financial institution in Canada. Both the Shakepay and Crypto.com cards are prepaid and have a lot of similarities in terms of their features. That is, there are no monthly or annual admin fees to deal with. But you don’t have to worry because the process is quick and easy.

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