Shakepay alternatives
Compare the best alternatives to Shakepay alternatives for Canadian crypto traders.
By Andrew Boyd | Updated 20th January 2022
Comparing Shakepay alternatives
On Bitbuy's website
Highlights
- Bitbuy has more tradable coins than what’s available on Shakepay.
- Trades on Shakepay will incur a spread fee, but there are no fees for deposits or withdrawals.
- Both exchanges are regulated by FINTRAC and use offline cold storage facilities.
On CoinSmart's website
Highlights
- CoinSmart offers a better choice of cryptocurrencies compared to Shakepay.
- Shakepay charges a spread on trades but does not charge fees for deposits or withdrawals.
- Both exchanges employ cold storage and are FINTRAC-registered. Either is suitable for a new trader.
On Coinberry's website
Highlights
- Coinberry is a little cheaper than Shakepay, with a larger range of cryptocurrencies to trade too.
- CoinSmart and Shakepay are both appropriate for beginners and more advanced traders.
- Coinberry and Shakepay have not experienced any major security problems. Both store digital assets in offline cold storage wallets.
On NDAX's website
Highlights
- NDAX and Shakepay are suitable for both beginners and experienced traders.
- NDAX is substantially cheaper than CoinSmart for active traders.
- Coinsmart and NDAX both use cold storage facilities. Both are FINTRAC-registered.
On Coinbase's website
Coinbase
Highlights
- Coinbase has a larger selection of tradable currencies than Shakepay.
- Compared to Shakepay, Coinbase's fee schedule is unclear.
- Coinbase and Shakepay alike are appropriate for traders of all levels.
- Both exchanges employ cold storage to safeguard their users' digital assets.
On Coinsquare's website
Highlights
- Coinsquare's QuickTrade feature instantly makes trades between any two currencies, whether it's XRP to Ethereum, or Litecoin to EUR.
- Has one of the most secure trading platform.
- Enjoy low, transparent fees and no trading minimum.
On Binance's website
Binance
Highlights
- Binance has a much larger selection of cryptocurrencies than what’s available on Shakepay, including several altcoins, NFTs, and DeFi tokens.
- Binance can be quite complicated for beginner traders.
- CoinSmart is available throughout Canada, but Binance is not.
Highlights
- Newton's selection of tradable cryptocurrencies is superior to Shakepay's.
- Although Shakepay does not charge a trading fee, each transaction is subject to a spread cost. There are no fees for deposits or withdrawals with Shakepay.
- Both exchanges use physical cold storage facilities to hold cryptocurrencies safely.
On Kraken's website
Kraken
Highlights
- Kraken's cryptocurrency selection is superior to what’s available on Shakepay.
- Shakepay’s trading and withdrawal fees are cheaper than those on Kraken.
- With well-designed trading interfaces, both exchanges are appropriate for beginners.
On Gemini's website
Gemini Exchange
Highlights
- Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
- Set recurring buys and dynamic price alerts.
- All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.
On KuCoin's website
Highlights
- Safe and rapid Bitcoin purchase.
- Multiple order types for all kinds of risk appetite.
- Sign up and get a welcome gift.
Netcoins
Highlights
- Create an account and get verified in minutes.
- Fund your account with $0 fees through a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.
- With price alerts, it keeps you in the loop on those big moves.
On Coinmama's website
Coinmama
Highlights
- Buy bitcoin, ethereum and other popular cryptocurrencies.
- Buy with a credit card, debit card, Apple Pay or bank transfer.
- Place your order and get your coins instantly. No deposits required.
Wealthsimple Crypto
Highlights
- Sign up in minutes with $0 minimums.
- No fees to deposit or withdraw.
- Coins are held by Gemini Trust Company LLC™, a regulated crypto custodian with $200M in cold storage insurance coverage.
