shakepay review
Updated October 14, 2026 · HodlCue Editorial Team · Facts checked October 14, 2026
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Our verdict
For Canadian users, Shakepay’s fee page says it eliminates commission fees by applying a spread. It describes sending cash or crypto to other users through an @shaketag and receiving cash or crypto the same way. These provider-listed features do not establish limits, settlement timing or availability.
Key facts
- Best for
- Canadian crypto users who want to compare Shakepay’s stated send and receive features and its spread-based fee explanation.
- Coins listed
- 13↗
- Regulators
- CIRO, FINTRAC, AMF↗
- Fiat deposit methods
- Bank↗
- Withdrawal fee
- free↗
- Exchange type
- Cex↗
- Legal entity
- Shake Labs Inc.↗
- Headquarters
- Canada↗
- Founded
- 2015↗
- Support channels
- Email, Chat, Help-centre, Community↗
- Features
- Custodial
- Official website
- shakepay.com
Crypto earn
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- TrustpilotLinkedInX
Pros and cons
Pros
- The provider describes sending cash or crypto to other Shakepay users by @shaketag.
- The provider also describes receiving cash or crypto through an @shaketag.
Cons
- The fee explanation includes a spread, which remains a cost even when commission fees are eliminated.
Ready to try shakepay?
Scored 9.2 / 10 by HodlCue.
Who it suits
- Canadian users comparing crypto transfer features who want the spread cost called out alongside the commission-free description.
@shaketag transfers
Shakepay describes sending cash or crypto to other users using their @shaketag and receiving cash or crypto through an @shaketag. The listed transfer methods do not specify limits or timing and do not guarantee availability.
Spread cost
Shakepay says it eliminates commission fees by applying a spread. The spread remains a cost to consider.
How shakepay compares
9.2 vs 9.5- 9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.7
9.2 vs 9.4
9.2 vs 9.6
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 9.0
9.2 vs 8.2
9.2 vs 8.2
9.2 vs 9.7
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 8.7
9.2 vs 8.6
Where shakepay is available
- Available
- Canada
- Licence in Canada
- CIRO, checked September 26, 2026
- Licence in Canada
- FINTRAC, checked September 26, 2026
- Licence in Canada
- AMF, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Shakepay say about commission fees?+
It says it eliminates commission fees by applying a spread; the spread remains a cost.
Which regulators oversee shakepay?+
shakepay is overseen by CIRO, FINTRAC, AMF. (Source, checked September 26, 2026)
Which company operates shakepay?+
shakepay is operated by Shake Labs Inc.. (Source, checked September 26, 2026)
Where is shakepay based?+
shakepay is based in Canada. (Source, checked September 26, 2026)
When was shakepay founded?+
shakepay was founded in 2015. (Source, checked September 26, 2026)
How can I contact shakepay support?+
shakepay offers support through Email, Chat, Help-centre, Community. (Source, checked September 26, 2026)
Sources
- apps.apple.com/ca/app/shakepay-buy-bitcoin-canada/id12442... checked September 26, 2026
Backs: Exchange type, Features, Headquarters, Legal entity, Regulators, Support channels, Licences
“cryptocurrency exchange”
- blockspot.io/exchange/shakepay checked September 26, 2026
Backs: Founded
“Canadian cryptocurrency exchange since 2015”
- hellosafe.ca/en/investing/crypto/shakepay checked September 26, 2026
Backs: Coins supported, Price, Wallet type
“Bitcoin (BTC) and Ethereum (ETH) only”
- help.shakepay.com/en/articles/10508345-what-is-shakepay-i... checked September 26, 2026
Backs: Supported assets, Lock-up terms, Yield
“Canadian and US dollar balances in CAD account, CAD savings account, or USD wallet”
- help.shakepay.com/en/articles/3171250-how-does-shakepay-m... checked September 26, 2026
Backs: Taker fee
“spreads between 0.5% to 2.0% above benchmark pricing under normal conditions”
- shakepay.com/card checked September 26, 2026
Backs: Card type, Cashback rate, Custody, Monthly fee, Card network
“Shakepay Visa Prepaid Card”
- shakepay.com/crypto checked September 26, 2026
Backs: Coins listed, Fiat deposit methods, Withdrawal fee
“Bitcoin, Ethereum, USDC, USDT, USDS, Chainlink (LINK), USD1, Dai (DAI), NEAR Protocol, Shiba Inu (SHIB), Tether Gold (XAUT), Lido Staked ETH, Coinbase Wrapped BTC”
Compiled from 7 source pages, checked October 14, 2026. We did not open an account.
Not confirmed yet: Taker fee.
shakepay
Canadian crypto users who want to compare Shakepay’s stated send and receive features and its spread-based fee explanation.