Shakepay in Canada
- Rank in Canada
- #4 of 7
- Bitcoin in Canada
- Legal
- Our rating
- 4.1
- Review updated
- 2026-08-23
Yes. Shakepay serves Canada and ranks fourth of the 7 exchanges in our Canada guide, on fees, security record and local payment support. Here it takes Interac e-Transfer and Bank transfer or wire; Interac e-Transfer is the rail local buyers lead with. No visible commission, but a spread of roughly 1.5 to 2 percent is built into the quoted price. Identity verification is required before you can deposit and trade.
How to pay on Shakepay in Canada
The deposit rails Shakepay offers to buyers in Canada, from our Canada guide reviewed 2026-08-23. Each one links to how that rail works here.
- Interac e-Transfer:
- free deposits and withdrawals
What Shakepay charges, and what it asks for
No visible commission, but a spread of roughly 1.5 to 2 percent is built into the quoted price. Interac e-Transfer deposits and CAD withdrawals are free.
- spread note
- There is no separate commission line. The cost is a spread of roughly 1.5 to 2 percent inside the quote, well above what an order book charges.
- deposit note
- Interac e-Transfer deposits in Canadian dollars are free.
- withdrawal note
- CAD withdrawals over Interac e-Transfer are free; bitcoin withdrawals to self-custody are supported.
Identity verification
Required. Identity verification is required before you can deposit and trade.
Is bitcoin legal in Canada?
Bitcoin is legal in Canada and the exchange market is tightly regulated. Platforms serving Canadians must register under the Canadian Securities Administrators' framework, and the tier varies: Bitbuy, through Coinsquare Capital Markets Ltd., and Shakepay are registered Investment Dealers and members of CIRO, while Coinbase has held a restricted dealer registration since April 2024 and Kraken since April 2025, each with the Ontario Securities Commission as principal regulator. Quebec adds a layer: the Autorite des marches financiers keeps its own register, and every platform we list appears on it. Exchanges must also register with FINTRAC as money services businesses.
Every exchange we rank in Canada
Ranked by our editorial review of fees, security record and local payment support. Rankings are never sold.
| # | Exchange | Rating | Fees | ID check | Pays with |
|---|---|---|---|---|---|
| 1 | Kraken | 4.7 | From 0.25% maker, 0.40% taker | Required | Interac e-Transfer, Bank transfer or wire, Debit card, Credit card |
| 2 | Bitbuy | 4.4 | From 0.10% maker on Pro | Required | Interac e-Transfer, Bank transfer or wire, Debit card |
| 3 | NDAX | 4.3 | Flat 0.20%, free Interac | Required | Interac e-Transfer, Bank transfer or wire |
| 4 | ShakepayThis page | 4.1 | No fee shown, ~1.5-2% spread | Required | Interac e-Transfer, Bank transfer or wire |
| 5 | Coinbase | 4.5 | Maker-taker on Advanced Trade | Required | Interac e-Transfer, Bank transfer or wire, Debit card, Credit card |
| 6 | Newton | 4.0 | No commission, 0.7-1.6% spread | Required | Interac e-Transfer, Bank transfer or wire |
| 7 | Netcoins | 3.7 | 0.5% flat, 1.5% Interac fee | Required | Interac e-Transfer, Bank transfer or wire |
Frequently asked questions
Is Shakepay available in Canada?
Yes. Shakepay ranks fourth of the 7 exchanges in our Canada guide, ranked on fees, security record and local payment support. Here it takes Interac e-Transfer and Bank transfer or wire; Interac e-Transfer is the rail local buyers lead with. Our Canada guide was last reviewed 2026-08-23 and the Shakepay review on 2026-08-23.
What payment methods does Shakepay accept in Canada?
In Canada, Shakepay takes Interac e-Transfer and Bank transfer or wire. Worth knowing before you fund: Interac e-Transfer, free deposits and withdrawals. These are the localized rails from our Canada guide, not the platform's global list.
What does Shakepay charge?
No visible commission, but a spread of roughly 1.5 to 2 percent is built into the quoted price. Interac e-Transfer deposits and CAD withdrawals are free.
Does Shakepay require identity verification?
Yes. Identity verification is required before you can deposit and trade. Our record marks this as the platform's own policy rather than a Canada rule, so it applies wherever Shakepay operates.
Is bitcoin legal in Canada?
Bitcoin is legal in Canada and the exchange market is tightly regulated.