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shakepay review

Updated October 14, 2026 · SumCue 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 also describes receiving cash or crypto and sending cash or crypto to other users through an @shaketag. The listed transfer features do not establish settlement timing, limits or availability.

Key facts

Best for
Canadian readers comparing a crypto platform’s stated transfer features and how it describes its commission and spread costs.
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

Debit cards

Monthly fee
CA$0↗
Card type
Prepaid↗
Cashback rate
1.5%↗
Card network
Visa↗
Custody
Custodial↗

Crypto wallets

Wallet type
Software↗
Price
CA$0↗
Coins supported
2↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
TrustpilotLinkedInX

Pros and cons

Pros

  • The provider describes receiving cash or crypto through an @shaketag.
  • The fee explanation states that commission fees are eliminated through a spread.

Cons

  • The fee description includes a spread, so “commission-free” does not mean there is no trading cost.

Ready to try shakepay?

Scored 9.2 / 10 by SumCue.

See alternatives

Who it suits

  • Canadian users considering buying, selling or transferring cash or crypto who want to understand the provider’s stated spread-based fee model.

Fee description

Shakepay says it applies a spread to eliminate commission fees. The spread remains a cost to consider.

Transfers described

The provider describes receiving cash or crypto with an @shaketag and sending cash or crypto to other Shakepay users with their @shaketag. This does not establish a transfer limit, processing time or guaranteed availability.

How shakepay compares

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

Does Shakepay describe its trading as commission-free?+

Its fee page says it eliminates commission fees by applying a spread, which 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

Compiled from 6 source pages, checked October 14, 2026. We did not open an account.

Not confirmed yet: Taker fee.

shakepay

Canadian readers comparing a crypto platform’s stated transfer features and how it describes its commission and spread costs.

9.2/10See alternatives