No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
The simplest way to buy Bitcoin in Canada — Shakepay review covering fees, ShakingSats, security, and who it's best suited for.
KOHO is the smart choice for your CAD spending while you invest in crypto. No monthly fees, instant e-transfers, earn cash back on everyday purchases.
Get KOHO Free — Code BREMO2026| Feature | Details |
|---|---|
| Founded | 2015 — Montreal, Quebec |
| FINTRAC Registered | Yes (MSB) |
| Coins Available | Bitcoin (BTC) and Ethereum (ETH) |
| Trading Fee | Spread-based (~1.5% on BTC/ETH) |
| Deposit Methods | Interac e-Transfer, bank wire |
| ShakingSats | Earn free BTC by shaking your phone daily |
| Shakepay Card | Visa card with BTC cashback (waitlist) |
| Mobile App | iOS and Android |
Shakepay's signature feature is ShakingSats. By shaking your phone once per day in the app, you earn a small amount of free Bitcoin. The amount starts very small but increases the more consecutive days you shake — the streak bonus grows your daily reward. Long-time users with multi-year streaks can earn meaningful sats daily.
While the amounts are small, ShakingSats is a fun and easy introduction to Bitcoin for new users. Note: ShakingSats rewards are taxable in Canada — they are income at FMV on receipt, just like any other crypto reward.
Shakepay charges no explicit commission. Like Newton, it earns revenue through the bid-ask spread. For Bitcoin and Ethereum, this spread is approximately 1.5% — slightly higher than Newton's ~0.5% on BTC/ETH. For most casual buyers, the difference is small in dollar terms on small purchases.
There are no deposit fees via Interac e-Transfer. Crypto withdrawals to external wallets are free (standard network fees apply). CAD withdrawals back to your bank are free but may take 1-3 business days.
On a $1,000 BTC purchase: Shakepay's spread of ~1.5% means you effectively pay ~$15 more than the market price. Newton on the same trade would cost ~$5. For small, infrequent purchases, this difference is negligible. For frequent large purchases, consider a platform with lower fees.
Shakepay is the ideal choice for:
If you want altcoins, lower fees on large trades, or advanced trading features, consider Newton or Bitbuy instead.
Shakepay stores 95%+ of customer crypto in cold storage. As a FINTRAC-registered MSB, it meets Canadian anti-money laundering and know-your-customer requirements. The app supports 2FA via authenticator apps. Bitcoin can be withdrawn to your own hardware wallet, which is always the safest long-term storage option. See our cold wallet guide.