E-Transferred 3K to my account after a year + inactivitywas denied access to my funds by shakepay until i had completed a risk assessment. Promptly completed the risk assessment and now had access to my account which was empty. Shakepay claims someone used my 3k, while under their control and management while i was denied access and they are not responsible. From established names such as Litecoin to up-and-comers such as the meme-inspired Dogecoin, the altcoin options for crypto casino users are plentiful. Bearing in mind that if you elect to store your crypto assets with Shakepay, you will be required to hand over your private key as well, you may want to consider a different arrangement.
Now, let’s go over everything you need to know to make the most of its features and benefits. I will be available in the comment section for any further clarification you may have. Below are the top pros and cons of Shakepay that you need to consider when determining if it’s perfect for you.
To open a Shakepay account, you must be a Canadian resident or permanent resident and have a valid Canadian phone number. The registration process is simple and quick, just make sure to have your driver’s license nearby as it will be needed to verify your identity. Given its status as the most prolific coin, we’ve naturally ensured extensive coverage of the ins and outs of your options for Bitcoin crypto casinos. Shakepay is a little more transparent where other security protocols are concerned, thankfully. Firstly, the web pages are all SSL encrypted to ensure you have a secure connection between your browser and the Shakepay site.
All legitimate Canadian virtual currency dealers are required to register with the federal government (FINTRAC) and you can verify their registration by visiting the FINTRAC website. Shakepay would never put a hold on your money in exchange for a deposit. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
- Purchased bitcoin, no holds preventing transfer to separate wallet.
- If a Canadian organization wants to open a Shakepay business account, they should click the “Sign up as a business” button, enter company information, and upload the organization’s documents.
- Users can add funds or deposit cryptocurrency after completing the application and verification processes.
- Shakepay has developed this material to make customers aware that scammers are always looking for new ways to part you from your money.
There are no annual fees, no monthly account fees, and you receive your cash back within 24 to 48 hours, a feature that sets it apart from other crypto reward cards. Payments are made using the Canadian dollar balance in your Shakepay app. If you like to have your funds locked up with no customer service to respond use Shakepay . My funds have been locked up for five days now and real customer support is non existent!!!!!!!!!
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Close my account for no reason You agree that Shakepay is under no obligation to disclose the details of its risk management and security procedures to you. In this regard, after reviewing your account, our safety team has taken the decision to permanently close your account. The best-known blockchain continues to blossom in popularity with crypto casino users. You must remember to do this every day though, if you miss just one shake, the app will reset to zero and your Bitcoin stash will disappear.
More reviews
Following that, you can contact Shakepay support via the app or the website. Both methods are carried out via support chat, where a representative will be available to resolve your issue. In addition, the company is on Discord, Twitter, Reddit, Facebook, YouTube, and Instagram and you can also email them at [email protected]. If a Canadian organization wants to open a Shakepay business account, they should click the “Sign up as a business” button, enter company information, and upload the organization’s documents. Upon joining Shakepay, you will be assigned a unique referral link that you can use to invite your friends to the platform. You will earn $5 per referral that sign-up through your link and meet the eligibility.
Jurisdictions and Limits – Canadian users only
Shakepay also offers a “Shakepay Card”, which is a prepaid Visa card linked to a user’s Shakepay account. This allows users to spend their cryptocurrencies at any merchant that accepts Visa easily. Additionally, Shakepay has a built-in rewards program that rewards users with Bitcoin for every purchase using the Shakepay Card. You guys have a horrible customer service and a horrible customer service employee named Joey that does not know what means providing a service. Thank God I did not transfer thousands into this account as I would have been very disappointed and let down. Instead of helping, your employee Joey told me that the reason why I was not receiving my transfer for over 48hours was because of my email address… What kind of pathetic answer is that.
A part of our Shakepay review is concerned with assessing the site from an outside perspective. To do this, we explore a number of different user review portals. At this point you will receive an email confirming that your account is open and when you next login, you’ll be asked to provide verification. Because Shakepay is a Canadian-only platform, it makes sense to compare it to other Canadian-only platforms like NDAX. However, the Shakepay platform and card are only available to Canadian citizens. However, it is the responsibility of the users to declare gains and profits made from crypto investments to the CRA in their tax returns.
Great signup bonus, but it’s a SCAM
The only fees that Shakepay charges are spreads which depend on the transaction amount. The spreads are charged in order to cover operational costs incurred to run the platform smoothly. With Shakepay, there are no trading fees, deposit fees, and withdrawal fees regardless of the funding method used. Shakepay is a legit and safe cryptocurrency app for Canadians. The crypto broker is registered and regulated as a Money Service Business (MSB) by FINTRAC and AMF.
I informed your employee Joey that I needed to transfer this amount asap in order to pay a bill. You guys do not care so stop it with your customer service bs and assess the situation right away especially when you have a customer with this kind of tenure asking you to resolve an issue. 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. When people talk about the Shakepay fees, they usually refer to the platform’s 1 percent to 3 percent spread on trading. Essentially, Shakepay earns revenue by capturing the difference between buying and selling cryptocurrency.
Our Guide to the Best Heated Blankets in Canada in 2024 (And Where to Get Them)
Will permanently leave this platform once they release my funds and stop giving me security excuses for keeping the funds that are mine . With Ash guiding him through the process, John feels very comfortable moving his money from his bank account, to his Shakepay account and ultimately to a crypto wallet he is unfamiliar with. Ash tells John he made the right decision, that his initial investment is now highly profitable and encourages him to invest even more money. In addition, there are the unique ShakinSats and Shakepay Change features to add a bit more interest for users of the site.
We use dedicated people and clever technology to safeguard our platform. I used shakepay for years, now out of nowhere they accuse my broker of being a scam and then permanently block my account. This is a disgusting way to treat clients, shakepay review and I hope everyone leaves this company and they go bankrupt. Jane decides to invest in cryptocurrency after watching the rally of bitcoin throughout 2021. Jane is not technically proficient and is very new to the crypto space.
What Is The Shakepay Lawsuit?
When you collect enough Bitcoin or Ethereum, and feel more advance there’s other platform, but shakepay is easy to withdraw some fund. However, the not-quite-so-good news is that Shakepay’s fee structure means that the cost per trade is quite high. Most crypto exchanges operate on a low-commission basis, charging a small fee in return for facilitating trading or buy and sell transactions. This fee usually equates to a moderate 0.10% and even less in many cases. Shakepay is a Canadian crypto money service business where customers can easily buy and sell bitcoin and ethereum on their desktop or through the Shakepay app.
Once Ash disappears, John realizes that he has been scammed through an elaborate confidence game widely known as the Pig butchering scam. Facilities on the Shakepay site are only available to Canadian residents. However, the only service Shakepay offers them is either buying or selling Bitcoin and Ethereum, there is no crypto margin trading, spot trading or crypto lending availability. Payment options beyond Bitcoin and Ethereum are limited to Interac, bank wire or debit card. These same options have been in place since Shakepay first launched and it seems unlikely it will be adding any e-wallet options any time soon. Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders.
Accordingly, the effective charge rate (spread fee) for a trade is 1.75%. Shakepay, a crypto broker based in Montreal and regulated by FINTRAC and AMF, offers free trades, deposits and withdrawals, unlike other Canadian crypto brokers. However, Shakepay users have several ways of earning free cash and crypto through the app. This includes the $30 sign-up bonus, free Satoshis through the ShakingSats feature and Bitcoin cash back when you make purchases with the Shakepay prepaid Visa card.
