Shakepay alternatives

Compare the best alternatives to Shakepay alternatives for Canadian crypto traders.

By   |   Updated 7th June 2022

Comparing Shakepay alternatives

Bitbuy

On Bitbuy's website

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Bitbuy

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.
CoinSmart

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.
Coinberry

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.
NDAX

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.
Coinbase

On Coinbase's website

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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.
Coinsquare

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.
Binance

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.
Newton

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.
Kraken

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.
Gemini Exchange

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.
KuCoin

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

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.
Coinmama

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

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.