SHAKEPAY VS COINBASE: BEST CRYPTOCURRENCY EXCHANGE IN CANADA IN 2025?
Q1: Which exchange is better for Canadians in 2025, Shakepay or Coinbase?
A1: While both Shakepay and Coinbase are popular choices, Shakepay may be more appealing to Canadians due to its no-fee structure (with spreads included) and CAD-friendly features. Coinbase offers a wider range of cryptocurrencies but has higher fees. In 2025, Shakepay could remain the better choice for simple Bitcoin and Ethereum purchases, while Coinbase may suit advanced traders.
Q2: Is Shakepay truly a 'no-fee' crypto exchange?
A2: Shakepay markets itself as a 'no-fee' exchange, but it earns revenue through spreads (the difference between buy/sell prices). While there are no explicit trading fees, users should compare spreads with other platforms to ensure competitive pricing. Our $100 test confirmed no direct fees, but spreads may slightly increase effective costs.
Q3: How does Shakepay compare to Newton for Canadian users?
A3: Shakepay and Newton are both Canadian-focused exchanges. Shakepay is simpler, offering only Bitcoin and Ethereum, while Newton supports a broader range of altcoins. Newton has lower spreads but charges withdrawal fees for certain cryptocurrencies. Shakepay's referral rewards and 'ShakingSats' feature add extra value, making it ideal for beginners or those focused solely on BTC/ETH.
