Shakepay

Shakepay suits Canadian residents who want to buy Bitcoin by entering a dollar amount and optionally repeat the purchase. Its Bitcoin service includes transfers to a personal wallet through either Bitcoin mainnet or Lightning. Accounts are restricted to Canadian residents aged 18 or older with a valid Canadian mobile number, excluding internet phone numbers. Some functions become unavailable while travelling outside Canada.

Verification starts in Settings, then Verify now. Choose the document type and issuing country, photograph the physical identification document and complete the video selfie. Paper substitutes and expired documents are not accepted.

To arrange regular purchases, open BTC or ETH, select Recurring buys and Create a recurring buy, enter the amount and choose the frequency. Review the order before confirming. Keep enough Canadian dollars in the account; the scheduled purchase uses that balance. The purchase runs at the time of day when the schedule was created. A regular schedule does not protect the Bitcoin bought from falling in value. To stop it, open that asset's recurring orders and select Cancel recurring buy.

Ordinary purchases include a spread, the difference built into the exchange rate. Shakepay lists a usual range of 0.5% to 2%, with an additional spread of up to 1.5% in adverse market conditions. There is no monthly account charge. The portfolio value on the home screen uses an average price, so it is not the amount a sale will necessarily return; check the exchange quote.

Canadian dollar funded recurring Bitcoin purchases qualify for 0% spread from day eight. The first seven days use the normal spread, and the offer excludes Ethereum and US dollar funded purchases. A schedule cannot be edited: cancelling and recreating it restarts that seven day period. Payroll Auto-Buy has its own qualifying payroll deposit requirement. These conditions matter more than the headline zero when comparing a one-off purchase with a continuing schedule.