Shakepay Review 2022 | The Honest TRUTH
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- Опубликовано: 2 июл 2024
- Shakepay Review 2022 | The Honest TRUTH |
Should you use Shakepay to trade crypto in Canada?
If you're Canadian, you might have noticed you're getting screwed on currency conversion fees if you use one of the big crypto exchanges like Coinbase.
Luckily there are Canadian crypto platforms like Shakepay to help you get the most out of your cryptocurrency investing -- when you're funding it with CAD.
In this video I'm reviewing Shakepay and sharing my honest opinion and the TRUTH about this crypto trading app for Canadians.
We'll go through the pros and cons of Shakepay, the trading fees, and all that important stuff to determine if this is the app to use for investing your hard earned money in crypto whilst in Canada.
RESOURCES MENTIONED:
► Shakepay (Get $20 when you sign up 🇨🇦): shakepay.me/r/BO20065
► Newton (Get $25 when you sign up 🇨🇦): web.newton.co/r/EQFECH
► Crypto tax software: koinly.io/?via=213D62BD
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TIMESTAMPS:
0:00 - Intro
0:57 - Coin selection
1:27 - Funding options
2:36 - Interac eTransfers
3:45 - Cashing out to your bank
4:14 - Transferring crypto to wallet
6:34 - Fees
9:48 - Spread
11:23 - Is spread high on Shakepay?
12:57 - The verdict
13:53 - Shaking sats
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#shakepay #shakepayreview #cryptocanada
What do you think, will you be using Shakepay or another crypto exchange?
I'll definitely use shakepay. 1000 sats add up quick.
I use VirgoCX, Shakepay and Newton, I like a lot VirgoCX to be honest, better spread etc.
@@500sylvain agreed! I use VirgoCX too and they have the best prices
Have you had surprises cashing out from Shakepay? I’m going through that right now.
Great overview Brie! Opened my account made my first trade ... got the $30! Thanks 😀
Thank you for this easy understanding video, very direct and clear!
I used your code for Shakepay, Newton and Celsius 😜 thx for the content.
You do great! Keep going I like what you do!
Mashalla thanks for sharing dear
Thank you 🙏 for this I learn so much from this☝️
Seesh !! I'd rather stick to NDAX then..
Btw Wonderful explanation, thanks for enlightenment girl .. 🍻
Can you transfer crypto from a hard wallet to your shakepay account?
Problem with Currencies Exchanges is ;
if they anticipate a very large spike up in a coin , they will shut down ans delist that crypto!
they don't want to pay out very large gains.
Virgo just did this to Terra Luna Classic! delisted because of big spike coming up !
To calculate the spread you actually need to use the *market price* as your base not the sell price so the spread should be about half of what you calculated. So:
buy price is: $3576
sell price is: $3480.32
-> market price is: (average) $3528.16
extra fees is: 3576 - 3528.16 = $47.84
spread is: 47.84 / 3528.16 = 1.36%
Hi Brie.
Do you know if Shakepay has a Canadian Iban? I mean, can Canada has access to the information about your account? I say this because if it is based in countries like Lithuania, they could not request information about your transactions and therefore you would not have to pay taxes on the sales of your assets.
great work and thanks
Nothing is private anymore , especially Canada !
Hello my account account on shakepay have been showing restricted because I login in London now I am back to Canada now do I resolve please help
Will the shaking thing work on a ipad ?
The referral code didn't apply on my account, what is the code?
Great info 👍👍
I have a question ? Don’t you get 2% back when you use the Visa card ? If so does it go into Bitcoin or Eth account ?
Thank you 👏🏻
When you pay with Shakepay, the 2% goes directly to your btc.
Does anyone also trade futures too?? I’m having a hard time…
@@Mason-vz2kl That future trading thing doesn’t apply on Shakepay.
Thanks for your help sir
This guy is so professional and diligent in his work
Anybody here bank with RBC and are able to deposit funds using shakepay??
did you find this out? asking for same reason, wanting to move away from Weathsimple
@@TheDrunksInATree has worked for me multiple times and I live in Ontario.
Well Bree they're having some serious issues right now with moving any kind of money my assets are basically Frozen thank you Shake pay right now you're starting to suck it was running perfect for over 2 years and now everything's screwing up
I got skeptical because I was cheated before but after giving him a try it was of no regret but my happiest moment after my first profit withdrawal he is not like other brokers that will come up with stories or start telling that your trade didn't go well after collecting your money
❤❤
What a relief! This dude above has proven the extent he could go in getting a job done in order to maintain his integrity. The assistance he's offered in getting this issue resolved makes me wanna have an experience with him all over again. Keep up the great job.
finding customer service on the app is terrible
Hi
It was working fine one day and then garbage the next
what do you mean? Is it still garbage? Could you please elaborate if you have the time. Thanks kindly Sir.
VENTURING,into the trading world without the help of a PROFFESIONAL,trader and expecting profit is like turing water into wine you would need a miracle , that's why l trade with Mr Melo his skills set is exceptional 😮😮
Officialmelo
How can I contact support in shakepay
The spread calculations don't line up somewhere. You say the formula is (Buy price - Sell price) / Sell price = spread.
Using the amounts shown in the video
($3,576.00 - $3,480.32) / $3,480.32 = 2.75%
You listed the spread as 2.7%, so close enough.
When you showed the Newton website, it had the following listed for ETH: Buy at $3,555.80 and Sell at $3,508.10 with the spread at 0.67%. Using the formula:
($3,555.80 - $3,508.10) / $3,508.10 = 1.36%
So is Newton showing the incorrect spread, or is the formula wrong?
Hmm, good question. Perhaps they're dividing by the current market price instead of their sell price? Not sure what's happening here.
@@BrieKirbyson You have to divide the 1.36% by 2, it's a +/- spread. So up 0.67% when buying, and down 0.67% when selling.
With this in mind, the Shakepay spread with this video's example would be 2.75%/2 = 1.38% +/-.
Brie's math was correct, simply it's the full spread, not the +/- spread (which is basically the spread cut in half, meaning how much more or less you pay from the market price). I hope this makes sense. I spent a little bit of time trying to figure that out too :)
@@CrisTooR Oh, that makes sense! Thanks so much for clarifying, did so much Googling and couldn't figure out why it was off by half. :)
I can’t imagine how hard it would be to decide to take on a re-coveryagent role of a scammed person. The history need to be remembered and the help that was born through such pain and suffering. Huge respect for you MITNICKTRIX that takes on this role. Really appreciate your honesty
Shankpayex is that a scam
Yes yes yes I agree with you! With him
help, I diversified my 450k portfolio
among different markets. During the
bearish market period, I was able to
produce a net profit of little over 1
million dollars from high dividend yield
stocks ETFs and equity. However, the
reality is that you can't do it without a
tried-and-true trading coach like. Melo Larry
😅😅
Thanks for your help sir
This guy is so professional and diligent in his work
What a relief! This dude above has proven the extent he could go in getting a job done in order to maintain his integrity. The assistance he's offered in getting this issue resolved makes me wanna have an experience with him all over again. Keep up the great job.
I can’t imagine how hard it would be to decide to take on a re-coveryagent role of a scammed person. The history need to be remembered and the help that was born through such pain and suffering. Huge respect for you MITNICKTRIX that takes on this role. Really appreciate your honesty