Shakepay earns profits on the spread orders of crypto buy and sell placed on the platform as per many exchanges do. As a result, the effective charge rate for each trade is 1.75 percent, often known as a spread fee. Banks may also charge users who want to make deposits or withdrawals via wire transfer extra fees.
Shakepay sells digital currencies (Bitcoin and Ethereum) to clients directly. When a consumer purchases Bitcoin using Shakepay, the platform sells the Bitcoin to them. In the same way, when a consumer sells Bitcoin or ETH, the site purchases it from them. Shakepay determines the price at which users may buy or sell digital currencies on Shakepay to make money.
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