Two of Canadaโs most famous and renowned Bitcoin exchanges, Shakepay and Crypto.com, provide the most convenient features to novice cryptocurrency users who wish to buy their first coins.
However, in these two exchanges, a few distinctive traits assist them in distinguishing themselves from other possibilities in the Grand White North.
Key Takeaways
- Crypto.com is a cryptocurrency platform that offers a range of services, including trading, staking, and debit card, while Shakepay is a Canadian-based crypto exchange.
- Crypto.com supports a wider range of cryptocurrencies, while Shakepay only supports Bitcoin and Ethereum.
- Crypto.com offers higher trading volume and lower fees, while Shakepay provides a user-friendly interface and fast verification.
Crypto.com vs Shakepay
The difference between crypto.com and shakepay is that crypto.com is an online platform for investment-enabling investors. Cryptocurrencies offer multiple products and services that enable investors to purchase, sell, trade, spend, store, earn, loan cash or even pay bills with cryptocurrencies on the Canadian platform to buy, sell and store Bitcoin and Ethereum via a smartphone or desktop computer. Shakepay provides a wide range of cryptocurrencies.
Crypto.com is a Swiss worldwide digital asset services firm that offers people the possibility to invest conveniently and efficiently in cryptocurrencies.
Although the platform does not enable users to hold their private crypto-currency keys if money is held in Shakepay, it facilitates moving their assets easily for users to their private crypto wallets.
Comparison Table
| Parameters of Comparison | Crypto.com | Shakepay |
|---|---|---|
| Meaning | Crypto.com is a worldwide Swiss digital asset services firm that offers people the possibility to invest conveniently and efficiently in cryptocurrencies. | Shakepay is Canadaโs smartphone or desktop computer to acquire, sell, and store Bitcoin and Ethereum. |
| CAD deposits | Paid | Free |
| Fees | You will not be charged any fees if crypto-transfers are conducted within the Crypto.com ecosystem. | You will be charged any fees if crypto-transfers are conducted within S. |
| Support | It has no big effect to get access again with our Support staff when you lose your personal keys or recovery phrase. | It has a big effect to get access again with our Support staff. |
| Origin | Crypto.com is a Swiss-based company. | Shakepay is one of Canadaโs most comfortable ways to purchase and sell Bitcoin. |
What is Crypto.com?
Crypt.com (CRO) is both a flagship token name and an ecosystem around its homonymous cryptocurrency, which uses various services, including a physical VISA card (used to make purchases and redeem rewards up to 8 percent), investment, financial and trade services, and the exclusive purchase of gift cards ranging from Am to Crypt.com (CRO).
The company was established by Kris Marszalek and Bobby Bao, both CEO and CEO, from the ranks of the Ensogo firm, where they had performed the same real duties.
While the past Ensogo experience ended abruptly and not tirelessly, Marszalek and Bao have a lengthy curriculum with accomplishments and experiences in the commercial and business world and the banking and financial sphere (Deloitte, Merrill Lynch, China Renaissance).
In addition, the most important and experienced employees of Crypto.com teams include Rafael Melo as CFO, Gary Or as CTO, Eric Anziani, and Jason Lau as CISO (multi-award-winning cybersecurity professional).
What is Shakepay?
Shakepay is the easiest way for Canadians to purchase and sell Bitcoin Cryptocurrency Exchange (BTC). The Ethereum (ETH) and mobile peer-to-peer (P2P) system introduced in October 2020 may be likewise bought and sold by ShakePay customers.
Shakepay operates as a custodian of wallet deposits and keeps private keys for access, just like many Canadian cryptocurrency exchanges.
Shakepay delivers fewer functionalities than competing systems with a basic user interface. This simplified user experience allows beginner crypto investors to search for an effective connection to the digital asset class.
Withdrawals of cryptographs are excluded from mining charges, although processing delays are dependent on the congestion in the network while placing the command.
Main Differences Between Crypto.com and Shakepay
- Shakepay is a free service, whereas crypto.com is not a free service.
- Shakepay is a Canadian brand, whereas crypto.com is a Swiss brand.
- https://www.jstage.jst.go.jp/article/adada/19/4/19_91/_article/-char/ja/
- http://adada.info/journals/vol19-4-kan.pdf
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Sandeep Bhandari holds a Bachelor of Engineering in Computers from Thapar University (2006). He has 20 years of experience in the technology field. He has a keen interest in various technical fields, including database systems, computer networks, and programming. You can read more about him on his bio page.
