You might be thinking “Are you serious? That’s available on nearly every exchange!” and your right but how many of those exchanges are available to Canadians in our native currency and have mobile apps with push notifications? Honestly I have no idea since finding ShakePay(thanks to a fellow Canadian @crimsonclad) I have not needed to look any further 👌

I awoke this morning and did my usual checks before heading out for work, messages, bank balance, crypto balance... last but not least email and I was pleasantly surprised to see the first major update to ShakePay in a little while and found both new features were something I had actually asked them about!

Limit Orders

This feature is something I have been longing for since discovering the app. I really hate missing my price marks when the alerts go off because I’m working only to discover I could have made some decent gains. Now with the limit orders I can set buy & sell orders making certain I keep to my trading game plan increasing coin count as much as possible on an extremely limited budget.

Setting A Limit Order

What is a limit order? In short you set a boundary price to either buy or sell automatically when the market price hits that mark. These are trades that can be set and forgotten about to lock in profits or canceled if your predictions don’t go as expected.

Easy enough to find by tapping the Exchange Tab, big blue button on the bottom in the center.

Tap Exchange top center.

Tap Limit Orders on the pop up that displays, this is also how you would switch back to normal purchasing & selling.

Then take your pick, Buy or Sell, and see if your predictions come true 🤞 it’s extremely straight forward. After clicking Buy or Sell just enter the price you want and then the amount of either crypto or CAD you want to exchange. I set two “dumby” sell limit orders as example but hey if those do fire off I’m not going to be unhappy with a solid 3x gain 😉

If you tap your order you can look at the details laid out extremely easy for us non experienced traders or delete if you wish to guess again 🤫 yea I said guess. Couldn’t be easier and combined with in app price notifications adjustments can be made on the go 💪

2FA Authenticator

I kinda like the text message authentication on mobile but I understand those with any serious money on the exchange will want something even more secure... you know anyone can get your SIM duplicated if your Mobility Provider is not as secure as it should be and from there it’s fairly easy to reinstall from a backup gaining the passwords and intercept the authentication message... as I discovered recently with purchasing a new phone Google Authenticator does not backup to iCloud thus eliminating this worry but make sure you keep your backup codes as you could get locked out completely 😅 luckily I kept my old phone.

Turning On 2FA Authenticator App

This is simple as can be, first make sure you have the authenticator app installed on your mobile device... or like me multiple devices as if I need to turn it off for any reason I do not need to dig out any backup codes 😉

Tap the Settings Tab on the bottom right hand corner.

Tap Security on the settings tab.

Then tap the button on the right to turn on the Authenticator App. You will get a pop up with the option of scanning the QR Code or entering manually with “Copy Secret”... remember to keep these private otherwise anyone can get authentication for your account 😬

Why ShakePay?

In short I am a Canadian and us Canadians stick together. I would honestly like to see this company grow and adopt more currency options as my experience with them has been flawless. Any questions I have are quickly answered and concerns solved with their in app chat usually getting back to me within an hour or so. I have even received a phone call for clarification when I submitted an email with feature suggestions and a potential collaboration idea... my big idea was for KOHO and ShakePay to work together and get a Crypto VISA Card functioning for us Canadians, all that’s needed is for ShakePay to allow E-Transfers to KOHO and KOHO accept them 😅 seems simple enough but there is much red tape to cut as I was informed... damn Canadian regulations 🤦‍♂️ anyways...

Really what makes me stick with ShakePay over the other Mobile alternative’s such as CoinBase is the fact I can E-Transfer my CAD directly to my bank account. With CoinBase it must first go through PayPal and I do not agree with requiring this extra step and further waiting times, much simpler with just an E-Transfer. That’s not even mentioning the whole suspected insider trading fiasco when Bitcoin Cash launched on CoinBase which they stated they had not released the tokens to the public yet totally blowing my trust for the entire company 🤔

PS ShakePay is also available through your browser on PC if your not a on the go nutter like me 😎