how to buy crypto with shakepay

With Shakepay's comprehensive platform, you can securely manage your crypto assets through its mobile app, desktop platform, and rewarding incentives program.

Jan 30, 2025 at 01:01 am

Key Points

• Shakepay is a Canadian cryptocurrency exchange that allows users to buy and sell digital assets easily and securely.
• To buy crypto with Shakepay, you need to create an account, verify your identity, and fund your account.
• Shakepay supports a variety of payment methods, including bank transfers, credit cards, and Interac e-Transfer.
• Once your account is funded, you can start buying crypto by placing a market order or a limit order.
• Shakepay offers a variety of features to help you manage your crypto assets, including a mobile app, a desktop platform, and a rewards program.

Step-by-Step Guide

1. Create a Shakepay Account

To create a Shakepay account, you will need to provide your email address, create a password, and agree to the terms of service. You will then need to verify your email address by clicking on a link that will be sent to you.

2. Verify Your Identity

Once you have created an account, you will need to verify your identity. This involves providing your name, date of birth, address, and phone number. You will also need to submit a photo of your government-issued ID.

3. Fund Your Account

There are several ways to fund your Shakepay account. You can use a bank transfer, a credit card, or Interac e-Transfer.

• Bank transfer: To fund your account with a bank transfer, you will need to provide your bank account information. Shakepay will then send you a confirmation email with instructions on how to complete the transfer.
• Credit card: To fund your account with a credit card, you will need to provide your credit card number, expiration date, and CVV. Shakepay accepts Visa and MasterCard.
• Interac e-Transfer: To fund your account with Interac e-Transfer, you will need to provide your email address and the amount you want to transfer. Shakepay will then send you an email with instructions on how to complete the transfer.

4. Buy Crypto

Once your account is funded, you can start buying crypto. There are two ways to buy crypto on Shakepay: market orders and limit orders.

• Market order: A market order is an order to buy or sell crypto at the current market price. Market orders are executed immediately.
• Limit order: A limit order is an order to buy or sell crypto at a specific price. Limit orders are only executed if the market price reaches the specified limit price.

5. Manage Your Crypto Assets

Shakepay offers a variety of features to help you manage your crypto assets. These features include:

• Mobile app: The Shakepay mobile app allows you to buy, sell, and manage your crypto assets on the go.
• Desktop platform: The Shakepay desktop platform provides a more comprehensive experience for managing your crypto assets.
• Rewards program: The Shakepay rewards program allows you to earn rewards for inviting friends to join Shakepay and for making trades.

FAQs

Q: What is the minimum amount I can buy with Shakepay?

A: The minimum amount you can buy with Shakepay is $5.

Q: What are the fees for buying crypto on Shakepay?

A: Shakepay charges a 1% fee for buying crypto.

Q: How long does it take to buy crypto on Shakepay?

A: Market orders are executed immediately. Limit orders are executed only if the market price reaches the specified limit price.

Q: What are the payment methods accepted by Shakepay?

A: Shakepay accepts bank transfers, credit cards, and Interac e-Transfer.

Q: Is Shakepay a safe platform to buy crypto?

A: Yes, Shakepay is a safe and regulated platform to buy crypto. Shakepay is registered with FINTRAC and is compliant with all applicable laws and regulations.