Crypto platform
Shakepay Review: Registered Crypto Platform in Canada?
By ForexCanada Editorial Team · Updated
Canada check
Authorized by Canadian securities regulators as a crypto asset trading platform. CIPF does not cover crypto assets, so review how the platform holds client crypto (custodians, insurance and cold-storage disclosures).
- Canadian status
- CSA-authorized crypto platform
- Canadian entity
- Shakepay Inc.
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Accepts Canadian residents
- Licences abroad
- —
- Founded
- 2015
- Headquarters
- Montréal, QC
Our take on Shakepay
Montréal-based Shakepay focuses on bitcoin and ether for everyday Canadians, with a simple app, Interac funding and features aimed at habitual saving rather than trading. It has a very short asset list by design.
Shakepay has built a loyal following in Québec and beyond with features like 'shaking' for small daily bitcoin rewards and direct-deposit paycheque conversion. That makes it a habit-building tool for long-term accumulation rather than a trading venue. Because it focuses on bitcoin and ether, you won't find altcoins here — which, given Canada's purchase limits on most altcoins, many users won't miss.
Verdict
Great for simple BTC/ETH accumulation; not for active trading.
What we like
- +Extremely simple
- +Bilingual Montréal company
- +Registered platform
Watch out for
- −Very limited asset list
- −Spread-based pricing
- −CIPF does not cover crypto
How Shakepay scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- Mobile app, Proprietary web
- Markets
- Crypto
- Pricing
- No commission; cost is built into the spread
- CAD / USD accounts
- ✓ CAD | — USD
- Funding
- Interac e-Transfer, Direct deposit
- Demo account
- Not advertised
- French service
- Yes
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify Shakepay yourself
- Check the CSA list of authorized crypto trading platforms for Shakepay Inc..
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Shakepay: frequently asked questions
Is Shakepay legal in Canada?
Yes. Shakepay Inc. appears on the Canadian Securities Administrators' list of crypto trading platforms authorized to do business with Canadians. That means it has agreed to Canadian custody, disclosure and investor-protection requirements. CIPF coverage does not apply to crypto assets.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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