Bitcoin has surged to an all-time high of $52,434 USD per ‘coin’, or $66,744 CAD. If you’re looking to get in on the cryptocurrency train, Montreal-based ShakePay allows Canadians to do so easily from your iPhone and the web.
You can start buying Bitcoin or Ethereum within minutes with no commissions or transaction fees, and fund your account via Interac e-Transfer, plus cash out to your bank account instantly as well.
ShakePay is licensed as a Money Service Business by FINTRAC and the AMF to operate in all Canadian provinces and territories.
Right now if sign up, you can also get $30 CAD free to buy cryptocurrency, after your first $100 CAD deposit.
After that, if you ‘shake’ your iPhone or Android phone while the ShakePay app is open, you get free ‘satoshis’, which works out to free Bitcoin. 100 million ‘satoshis’ is equivalent to 1 Bitcoin. Every day that you ‘shake’ your iPhone, you get more free ‘satoshis’ as your streak continues. It’s basically free money that works out to $45 CAD per month–by shaking your phone daily.
How does ShakePay compare to Wealthsimple Crypto? For starters, funding is instant with ShakePay instead of 3-5 days with Wealthsimple. You can also send your digital money to another BTC or ETH address with ShakePay, something Wealthsimple doesn’t offer yet. The sign up bonus is also 3x greater with ShakePay ($30) versus Wealthsimple Crypto ($10) on a $100 CAD deposit.
Disclosure: ShakePay is an affiliate partner of iPhone in Canada and allows readers to support the site. Invest in cryptocurrencies at your own risk; this article is not investment advice.