Shakepay : A Data-Rich Breakdown. Fees, Ratings & Analysis.
Canada
About Shakepay
The Good
- • CIRO Investment Dealer status with $1M CIPF protection on cash (CAD) balances.
- • Industry-leading simplicity with zero commission fees and free fiat funding.
- • Unique "Shakepay Interest" earns up to 3% APY on CAD balances (paid in Bitcoin).
- • Seamless USDC integration: Auto-converts to USD/CAD for instant spending.
The Bad
- • Strictly limited to BTC and ETH; no support for any other altcoins.
- • Spread-based pricing can scale up to 3.5% during high market volatility.
- • Most rewards (Sats, Interest, Cashback) require meeting monthly activity status tiers.
Detailed Fee Structure
Updated 2026| Fee Type | Network / Method | Cost |
|---|---|---|
|
Trading Fee (Maker)
Zero explicit Maker fees. Shakepay relies purely on a spread markup.
|
Standard
|
Free |
|
Trading Fee (Taker)
Zero explicit Taker fees. Shakepay relies purely on a spread markup.
|
Standard
|
Free |
|
Spread
Commission-free model utilizing a built-in spread. Targets 0.5% to 2.0%, but can legally scale up to 3.5% during adverse market conditions or low liquidity.
|
Standard
|
0.500% - 3.500% |
|
Fiat Deposit
100% Free CAD deposits via Interac e-Transfer (min $5) and Wire Transfer (min $10,000).
|
Standard
|
Free |
|
Fiat Withdrawal
100% Free CAD withdrawals via Interac e-Transfer (max $10,000 per transaction) and Wire Transfer.
|
Standard
|
Free |
|
Crypto Withdrawal
Speed-tiered model. "Normal Speed" (up to 12 hours) is 100% Free with network gas covered by Shakepay. "Fast Speed" (approx. 10 mins) requires the user to pay the network fees.
|
Standard
|
Dynamic |
Platform Features
FINTRAC Registered
Registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business, ensuring strict AML/ATF compliance.
Allows External Transfers
Full self-custody support enabling seamless withdrawals and deposits to personal hardware or software wallets.
Based in Canada
Headquartered and operated entirely within Canada, ensuring adherence to local jurisdictional laws and data sovereignty.
Auto-Invest (DCA)
Automated dollar-cost averaging (DCA) functionality for disciplined, recurring portfolio accumulation.
SOC 2 / ISO 27001 Certified
Adheres to enterprise-grade security frameworks, independently audited for SOC 2 Type 2 and/or ISO 27001 compliance.
Instant Interac Deposits
Optimized payment rails providing near-instantaneous CAD deposits and withdrawals via Interac e-Transfer.
Mobile App (iOS/Android)
Fully optimized, native iOS and Android applications delivering comprehensive trading capabilities on the go.
Live Chat Support
Premium, real-time customer resolution infrastructure via live chat, minimizing operational downtime for users.
CSA / CIRO Registered
Formally registered as a Restricted Dealer or Investment Dealer with the Canadian Securities Administrators (CSA) and CIRO.
Crypto Rewards Card
Branded Visa or Mastercard integration allowing users to spend crypto balances and earn tiered cashback rewards.
CIPF Member
Membership in the Canadian Investor Protection Fund (CIPF), insuring eligible fiat balances against platform insolvency up to $1,000,000.
Supported Assets (3+)
A complete list of digital assets available for trading on Shakepay.