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Discover the Best Shakepay Alternatives for Canadians: Top 8 Picks

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If you’re a Canadian looking for an alternative to Shakepay, then you’re in the right place. Shakepay is a popular cryptocurrency platform in Canada, but it may not necessarily suit everyone’s needs. Fortunately, there are plenty of other options to consider. Whether you’re looking for lower fees, better security measures, or more coins to trade, we’ve got you covered. In this article, we will explore the top 8 Shakepay alternatives for Canadians and highlight the unique features of each platform. So, sit tight

and get ready to find the best alternative that fits your needs.

1) “What is Shakepay and Why Look for Alternatives?”

Shakepay is a Canadian-based cryptocurrency exchange platform, allowing users to buy, sell, and hold Bitcoin and Ethereum. It allows for seamless and fast transactions, has a user-friendly interface, and offers a mobile app for ease of use.

However, one may look for alternatives due to various reasons, such as high fees charged by Shakepay compared to other platforms, lack of other cryptocurrencies supported, or looking for more advanced trading features and options. Moreover, some may also prefer to have access to customer support that is available 24/7.

If you’re looking for Shakepay alternatives, you’re in luck! Here are the top eight options available for Canadians, based on their fees, supported cryptos, ease of use, and other features.

2) “Coinberry: A Secure and User-Friendly Option”

Coinberry is a Canadian cryptocurrency trading platform that offers a secure and user-friendly option for buying, selling, and trading cryptocurrencies.

Founded in 2017, Coinberry offers a simple and intuitive platform for Canadians who want to invest in digital assets without the complexities of traditional exchanges.

Coinberry is a registered Money Services Business and uses the same security protocols as major banks to ensure the safety of user funds and personal information.

The company has also been issued an MSB license by FINTRAC, the regulatory body responsible for overseeing Canadian money services businesses, which further reinforces its commitment to compliance and user protection.

Coinberry offers a variety of cryptocurrencies to trade, including Bitcoin, Ethereum, and Litecoin, among others.

The platform also allows users to make deposits and withdrawals using Interac e-Transfer, wire transfer, and credit card payments, making it a convenient option for Canadians who want to get started with cryptocurrency trading.

3) “Newton: An Innovative Platform with Zero Fees”

Newton is a Canadian cryptocurrency exchange founded in 2018. It has quickly gained popularity due to its innovative platform that comes with zero fees.

With Newton, users can buy, sell, and trade cryptocurrencies without paying any commissions or hidden charges. This is a significant saving, especially for high-volume traders.

Newton’s platform is user-friendly and offers a wide range of digital assets. Users can trade bitcoin, ethereum, litecoin, and many other cryptocurrencies. The platform also supports CAD deposits and withdrawals, making it easy for Canadian users to start trading.

Furthermore, Newton’s security features are top-notch. The platform uses multi-level encryption and cold storage to ensure the safety of its users’ funds. Newton also has insurance coverage for the cryptocurrencies held in its custody.

Overall, Newton is an excellent option for Canadians looking for an innovative and fee-free cryptocurrency exchange. The platform’s user-friendly interface, extensive offering of digital assets, and top-notch security features make it an attractive choice for both beginners and experienced traders.

4) “Bitbuy: An Established Exchange with Strong Security Measures”

Bitbuy is a cryptocurrency exchange that was founded in 2016 and is headquartered in Toronto, Canada. The company has established itself as a reliable platform for buying and selling cryptocurrencies in Canada.

Bitbuy’s security measures are strong, with 95% of the digital assets held in cold storage. This means that the majority of the coins are stored offline in secure vaults, making them less vulnerable to hacking attempts.

Bitbuy is also a registered financial institution with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This means that the exchange is subject to strict regulatory requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

Bitbuy allows users to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, XRP, Stellar, and QCAD. They offer competitive fees, fast account verification times, and a user-friendly platform.

Overall, Bitbuy is a well-established exchange that prioritizes security, regulatory compliance, and customer support. Canadians looking for a reliable and trustworthy platform to buy and sell cryptocurrencies can consider Bitbuy as a top alternative to Shakepay.

5) “Kraken: A Global Exchange with Advanced Trading Features”

Kraken is a global digital asset exchange that was launched in 2013 and has gained a reputation as a secure and reliable platform.

One of the unique features of Kraken is its advanced trading options, including margin trading with up to 5x leverage, stop loss, and take profit orders, as well as various charting tools.

Kraken offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and over 30 other digital assets.

Additionally, Kraken offers fiat currency pairs, allowing users to deposit and withdraw Canadian dollars, US dollars, euros, and several other currencies.

To ensure the safety of user funds, Kraken stores the majority of its digital assets in offline cold storage wallets and operates under a robust security protocol.

Kraken also offers various account verification levels for its users, allowing those who require higher withdrawal limits or more advanced trading features to upgrade their accounts. Overall, Kraken is an excellent choice for Canadian users looking for a reputable and advanced cryptocurrency exchange.

6) “Coinsquare: A Leading Canadian Exchange with Multiple Cryptocurrencies”

Coinsquare is a popular Canadian cryptocurrency exchange that has been operating since 2014.

The platform offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.

Coinsquare is known for its user-friendly interface, high liquidity, and low fees, making it a convenient option for both novice and experienced traders.

One of the unique features of Coinsquare is its advanced trading platform, which offers a variety of order types and charting tools to help users make informed trading decisions.

Additionally, Coinsquare is one of the few exchanges in Canada that is licensed and regulated by the Canadian government, providing an added layer of security and legitimacy for users.

With its extensive selection of cryptocurrencies, top-notch security, and easy-to-use platform, Coinsquare is a leading choice for Canadian cryptocurrency traders looking for an alternative to Shakepay.

7) “NDAX: A Low-Fee Option with Robust Trading Tools”

NDAX is a Canadian digital asset exchange that provides a low-fee option for users seeking to trade cryptocurrencies.

Apart from lower trading fees, NDAX also boasts of having robust trading tools that give investors a chance to maximize their investment potential.

Users on the platform can access instant deposits and withdrawals, as well as a user-friendly interface that provides a seamless trading experience.

NDAX also offers traders a demo trading platform to enable them to practice trading strategies before committing real funds.

The platform’s security features include 2-Factor Authentication, SSL encryption, cold storage, and 24/7 monitoring.

NDAX supports several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.

The exchange is licensed by the Canadian Securities Administrators (CSA) and is a Registered Money Services Business with FINTRAC.

8) “Binance: A Popular Global Exchange with a Wide Range of Cryptocurrencies”

Binance is a well-known cryptocurrency exchange that has a global presence. It supports trading in several cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

The exchange has gained popularity due to its user-friendly interface, low fees, and wide range of digital assets. It allows users to deposit and withdraw fiat currency as well as cryptocurrency.

Binance also offers several advanced features, such as margin trading, futures trading, staking, and the Binance Launchpad for new coin offerings. It has its own native cryptocurrency, Binance Coin (BNB), which can be used to pay for trading fees.

The exchange has a high trading volume, making it a reliable choice for buying and selling cryptocurrencies. With its robust security measures, Binance has been able to maintain its reputation as a secure platform. Overall, Binance is an excellent alternative for Canadians looking for a reliable cryptocurrency exchange with a diverse range of assets.

9) “Conclusion: Finding the Best Alternative for Your Needs”

After reviewing the features and services offered by each of the Shakepay alternatives presented, it is important to consider your personal needs and preferences in order to determine the best option for you. Evaluating factors such as fees, supported currencies, ease of use, security measures, and customer support can help you make an informed decision. One important factor to consider is the availability of different cryptocurrencies, as some alternatives may have a more extensive selection than others. Additionally, the accessibility and convenience of funding and withdrawing funds from your account can also be a deciding factor. Lastly, it may be beneficial to review user reviews and ratings to gauge the overall satisfaction of each alternative.

Ultimately, finding the best alternative for your needs will depend on a variety of individual factors and preferences, and conducting thorough research and analysis can help ensure that you make the best choice for your personal financial needs.