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Kraken vs Shakepay: Which is Best? [2025]

Kraken
Overall Rating
Shakepay
Overall Rating
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Visit Shakepay
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Shakepay logo Visit Shakepay

Key differences

  1. Kraken supports 200+ cryptocurrencies, while Shakepay supports only Bitcoin, Ethereum, and USDC.
  2. Shakepay offers commission-free trading with spread fees, while Kraken Pro uses tiered trading fees.
  3. Shakepay is Canada-only, while Kraken is available in 190+ countries globally.
  4. Shakepay offers Bitcoin cashback card, while Kraken offers interest-earning and staking options.


Kraken vs Shakepay Fees Calculator

Fee calculator estimates are based on our research & testing. Check the exchange website for most accurate fees.

We built this fee calculator to help you compare the fees of Kraken and Shakepay.

Enter the amount you want to buy and we'll show you the estimated fees for each exchange.



Kraken vs Shakepay in Comparison

Description

Kraken

Popular and well-known exchange based in the USA.

Shakepay

Shakepay is a regulated Canadian cryptocurrency exchange offering commission-free Bitcoin and Ethereum trading with Interac e-Transfer funding.

Supported Countries

Kraken

Available in over 190 countries globally with some restrictions. Not available in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other restricted regions. Some European countries have restrictions on specific services like futures trading.

Shakepay

Available only in Canada. Licensed to operate in all 13 Canadian provinces and territories.

Supported Cryptocurrencies

Kraken

Over 200 cryptocurrencies supported including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, LUNA2, ATOM, ALGO, APT, ARB, FTM, NEAR, OP, PYUSD, STRK, SUI, TON, TRX, XLM, XMR, XTZ and many more across multiple networks including Ethereum, Solana, Bitcoin, Polygon, Arbitrum, and others.

Shakepay

Bitcoin, Ethereum, USDC

Fees

Kraken

  • Withdrawal Fees:
  • ACH: Free
  • Wire Transfer: $25
  • SEPA: Free
  • SWIFT: $25
  • BTC: Network fees vary

Shakepay

  • Trading Fees:
  • Commission: 0% (commission-free)
  • Spread: 0.5% - 2.0% (varies with market conditions)

  • Deposit Fees:
  • Interac e-Transfer: Free
  • Wire Transfer: Free

  • Withdrawal Fees:
  • Interac e-Transfer: Free
  • Wire Transfer: Free
  • Crypto (normal speed): Free
  • Crypto (fast speed): Network fees apply

Payment Methods

Kraken

ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal

Shakepay

Interac e-TransferWire TransferDebit Card

Do These Exchanges Allow you To Earn Interest on Crypto?

Kraken

0.15% - 6.5%

Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).

Shakepay

0

No interest earning on crypto holdings, but offers 1% Bitcoin cashback on all purchases with Shakepay Card (up to 3% for first 90 days).

Mobile App Ratings

Kraken

iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.3 Official rating from the Android Play Store as of November 18, 2024.

Shakepay

iOS Rating: 4.6 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.5 Official rating from the Android Play Store as of November 18, 2024.

Storage

Kraken

Industry-leading security with ISO/IEC 27001:2013 certification and SOC 2 Type 1 examination. Funds stored in secure cold storage with 24/7 armed guard surveillance. Features include advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing. No phone/SMS recovery to prevent SIM swap attacks. Expert security team with constant monitoring and testing.

Shakepay

Cold storage with insurance policy covering theft, loss, and damages. Multi-party approval required for transactions. Segregated accounts keep customer funds separate from company funds. No fractional reserve - full customer fund backing maintained.

Have These Exchanges Been Hacked Before?

Kraken

Yes, Kraken was hacked in June 2024, but the crypto exchange was able to fix the breach within 47 minutes and no client funds were lost.

Shakepay

No reported security breaches or loss of customer funds.

Official Site

Kraken

kraken.com

Shakepay

shakepay.com

Exchange Review

Kraken

No review available

"What a fantastic trading platform. Wonderful to have it as the mobile version, being able to work your trades on the go. Keeping up with the portfolio just became incredibly easy! Love you guys and thank you for the work. New trader here! The interface is easy to navigate and a pleasure on the eyes. The setup is notable, and perhaps there should be instructions provided in the app upon first launch. :)"
- Real user review from iOS App Store, Android Play Store or Trustpilot

Shakepay

No review available

"Shakepay is extremely easy to use and isn't as costly as some of the other exchanges I've used."
- Real user review from iOS App Store, Android Play Store or Trustpilot

Kraken vs Shakepay Comparison

Fee Structures

Kraken (taker) uses a tiered fee structure based on 30-day trading volume:

  • 0.40% for under $10,000
  • 0.35% for $10,000-$50,000
  • 0.24% for $50,000-$100,000
  • 0.22% for $100,000-$250,000
  • 0.20% for $250,000-$500,000
  • 0.18% for $500,000-$1M
  • 0.16% for $1M-$2.5M
  • 0.14% for $2.5M-$5M
  • 0.12% for $5M-$10M
  • 0.10% for $10M-$100M
  • 0.08% for over $100M
Kraken offers fee-free ACH and SEPA deposits. ACH and SEPA withdrawals are free, while wire transfers and SWIFT have a $25 fee. Shakepay offers commission-free Bitcoin and Ethereum trading with spread fees ranging from 0.5% to 2.0% depending on market conditions. All deposits (Interac e-Transfer, Wire Transfer) are free, and all withdrawals (Interac e-Transfer, Wire Transfer, crypto at normal speed) are also free. Fast crypto withdrawals incur network fees.

Feature Set

Kraken offers over 200 cryptocurrencies, staking/interest earning options, advanced trading features, auto-DCA, and secure cold storage.

Shakepay supports Bitcoin, Ethereum, and USDC with commission-free trading, features a Bitcoin cashback card, has wallet included, and offers cold storage with insurance policy.

Geographic Availability

Kraken is available in over 190 countries (except NY, WA, Japan, Russia, etc.). Shakepay is available only in Canada, licensed to operate in all 13 provinces and territories.

Security Features

Kraken features ISO 27001, SOC 2, cold storage, FIDO2, and proof of reserves. Shakepay uses cold storage with insurance policy, multi-party approval, and segregated accounts with no fractional reserve.

Payment Methods

Kraken supports ACH, Bank Account (including wire transfers, Fedwire/SWIFT, Etana Custody, FPS/CHAPS/BACS for UK, SIC for Switzerland, and PayID/Osko for Australia), SEPA, Interac e-Transfer, Debit Card, PayPal, Apple Pay, and Google Pay.

Shakepay supports Interac e-Transfer, Wire Transfer, and Debit Card.

Customer Support

Kraken provides 24/7 human support, while Shakepay offers human support to their Canadian users.

Additional Features

Kraken offers interest-earning options, staking, and support for 200+ assets with advanced charts.

Shakepay focuses on Bitcoin cashback rewards and commission-free trading for Canadian users.

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