Canada has many cryptocurrency exchanges. In this review, we're taking a deep look at Shakepay vs Crypto.com so you can compare fees, features, funding methods and more. We did a deep dive so you can find out which platform is better for you.
The Bottom Line: Shakepay had a 1.03% total purchase fee versus 1.68% on Crypto.com. Shakepay is cheaper overall and better for beginners but Crypto.com has 200+ coins and more features.
Summary:
- Shakepay is cheaper. It had a 1.03% total purchase fee and Crypto.com was 1.68%
- Crypto.com has 200+ coins versus 2 on Shakepay and many more features
- Shakepay is easier for beginners. The Crypto.com layout is confusing
About Shakepay
Shakpay is the best beginner crypto exchange in Canada. It's very easy to use, they offer 2 coins (BTC and ETH), a Bitcoin Visa card, free deposit and withdrawals and fair spreads.
Pros & Cons
About Crypto.com
Crypto.com offer 200+ coins and lots of features for Canadians to explore. It's best used for their cash back Visa cards and earning rewards on 50+ coins.
Pros & Cons
Overview
To collect this info, we used real, KYC-verified accounts. We then broke it down into 5 categories: Fees, Features, Deposit & Withdrawals, Security and Ease of Use.
RankFi tracks dozens of crypto products. Lean more about our methodology here.
Coins Offered | 2 (BTC and ETH) | 200+ |
Total BTC Purchase Fee | 1.03% | 1.68% |
Total BTC Selling Fee | 1.21% | 1.41% |
CAD Trading Pairs? | ✅ | ✅ |
CAD Deposit Fees | Free | Free |
Interac e-Transfer? | ✅ | ✅ |
Beginner Friendly | ✅ | 🚫 |
Advanced Trading | 🚫 | ✅ |
BTC Withdrawal Fee | 0 BTC (Free) | 0.0004 BTC |
Headquarters | Montreal, Canada | Singapore |
💰 Promotion | $30 free when you trade $100 | $25 free when you stake for a Ruby Visa card or higher |
Sign Up |
Features | ||
Best Features Overall | Cell | ✅ Winner |
Number of Features | 5-10 | 20+ |
Coins | 2 (BTC and ETH) | 200+ |
Mobile App | ✅ | ✅ |
Web App | ✅ | ✅ (Pro Exchange only) |
Beginner Trading | ✅ | 🚫 |
Advanced Trading | 🚫 | ✅ |
Staking | 🚫 | ✅ |
Lending/Borrowing | 🚫 | 🚫 (Restricted in Canada) |
Other Rewards | ✅ | ✅ |
Crypto Credit Card | ✅ (Review) | ✅ 5 Cards |
Margin Trading | 🚫 | 🚫 (Restricted in Canada) |
Futures | 🚫 | 🚫 (Restricted in Canada) |
OTC | ✅ | ✅ |
Native Token | 🚫 | ✅ |
Affiliate Program | ✅ | ✅ |
24/7 Support | 🚫 | ✅ |
Sign Up | ||
Fees & SpreadBoth platforms were tested on Mar 2, 2022 at the same time and numbers are subject to change.
| ||
Best Fees Overall | ✅ Winner | Cell |
*Total BTC Purchase Fee | 1.03% | 1.68% |
*Total BTC Selling Fee | 1.21% | 1.41% |
CAD Deposit Fee | Free | Free |
CAD Withdrawal Fee | Free | Free |
Trading Fee | Free | 0% in App 0.40% on Exchange |
Spread (BTC) | 2.26% | 3.11% |
Ref. Price Difference | Buy: +1.03% Sell: -1.21% | Buy: +1.68% Sell: -1.41% |
BTC Buy Price | $56,351 | $56,710 |
BTC Sell Price | $55,108 | $55,000 |
Reference Price (Google) | $55,774 | $55,774 |
Sign Up | ||
Deposits & Withdrawals | ||
Best Overall | ✅ Winner | Cell |
$CAD Funding Options | E-Transfer Free Instant Wire Transfer Free 1-2 days Shakepay A Friend Free Instant | E-Transfer Free 0-2 days Credit Card 3.50% Instant |
$CAD Withdrawal Options | E-Transfer Free Instant Wire Transfer Free 1-2 days Shakepay A Friend Free Instant | E-Transfer Free 0-2 days |
BTC Withdrawal Fee | 0 BTC (Free) | 0.0004 BTC |
ETH Withdrawal Fee | 0 ETH (Free) | 0.005 ETH |
Security | ||
Best Security Overall | Cell | ✅ Winner |
Year Founded | 2015 | 2016 |
Uses Cold Storage? | ✅ | ✅ |
FINTRAC Regulated | ✅ | ✅ |
Insurance Policy | ✅ (Coinbase's) | ✅ ($750m) |
Any Hacks or Incidents? | 🚫 | ✅ (2022) |
2FA | ✅ | ✅ |
Address Whitelisting | 🚫 | ✅ |
View Login History | 🚫 | ✅ |
Crypto Withdrawals Allowed | ✅ | ✅ |
KYC | ✅ | ✅ (Mandatory) |
Publicly Traded | 🚫 | 🚫 |
Headquarters | Montreal, Canada | Singapore |
User Interface
Shakepay
Crypto.com
Shakepay or Crypto.com?
Shakepay is better for beginners and cheaper than Crypto.com. The total BTC purchase fee on Shakepay was 1.03% versus 1.68% on Crypto.com. If you want the best rewards and features, Crypto.com has 200+ altcoins and 20+ features versus 2 coins on Shakepay and 5-10 features.
When To Use Shakepay
- If you want an easy platform for beginners
- If you only want to trade Bitcoin or ETH
- If you want a 1% cash back Bitcoin visa
- If you want lower spreads than Crypto.com
When To Use Crypto.com
- If you want 200+ altcoins
- If you want a 1%-5% cash back Visa paid in CRO
- If you want to stake/earn on 50+ cryptocurrencies
- If you want more features and services overall
Sign Up:
Get $30 free when you trade $100
Get $25 free when you stake $500 CRO for a Ruby card or higher
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