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Bitbuy vs Shakepay

Bitbuy vs Shakepay

Karen Tren
Fact Checked
June 17, 2022

When it comes to buying and selling cryptocurrencies, there are a few different options available to Canadian investors.

Two of the most popular platforms are Bitbuy and Shakepay. But which one is better? In this article we will compare the two exchanges and cover fees, supported cryptocurrencies and security.

Bitbuy vs Shakepay Shakepay vs Bitbuy
Beginner Friendly Image Image
Year Founded 2019 2017
Devices Web, iOS & Android Web, iOS & Android
Supported Cryptocurrencies 15 2
Trading Fees 0.1% - 0.2% No Trading Fees
Website Visit Bitbuy Visit Shakepay

Table of Contents

Bitbuy vs Shakepay: Fees

When it comes to fees, Shakepay is technically the winner as the do not charge any fees to trade on their platform. However, they do have wider spreads when comparing with Bitbuy, so in the end you save more money by using Bitbuy as they have much tighter spreads in comparison.


Supported Cryptocurrencies

Another area where Bitbuy outperforms Shakepay is how many supported cryptocurrencies they have on their platform. Bitbuy supports a wider range of currencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Shakepay currently only supports Bitcoin and Ethereum.

Bitbuy Cryptocurrencies
List of assets available on Bitbuy.

Bitbuy vs Shakepay: Security

Both platforms use two-factor authentication to secure accounts, and they both have strict security measures in place to protect users’ funds. However, Bitbuy goes a step further by offering cold storage insurance on all their crypto holdings. This means that if there is ever a hack or security breach, users will be compensated for any lost funds.


Bitbuy vs Shakepay: Final Verdict

So, which platform is better? It depends on what you’re looking for. If you want the lowest fees, Bitbuy is the winner. If you want the widest range of supported cryptocurrencies, Bitbuy is also the winner. And if security is your top priority, then Bitbuy is the best choice.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

Karen Tren
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