How to Use Shakepay to Buy Bitcoin

Introduction
Shakepay is a user-friendly platform that allows you to buy, sell, and manage cryptocurrencies like Bitcoin. This guide will walk you through the process of buying Bitcoin on Shakepay, covering everything from account setup to making your first purchase.

1. Setting Up Your Shakepay Account
Before you can buy Bitcoin, you need to create and verify your Shakepay account.

• Download the Shakepay App: Available on both iOS and Android, download the app from the App Store or Google Play Store.
• Sign Up: Open the app and sign up by providing your email address, creating a password, and accepting the terms of service.
• Verify Your Identity: For security and regulatory reasons, you'll need to verify your identity. This usually involves uploading a photo of a government-issued ID and a selfie for facial recognition.

2. Funding Your Account
Once your account is set up and verified, you need to add funds to it before purchasing Bitcoin.

• Deposit Funds: Go to the “Funds” tab in the app. Shakepay supports various methods for funding your account, including bank transfers, credit/debit cards, and Interac e-Transfers (in Canada). Select your preferred method and follow the instructions to complete the deposit.

3. Buying Bitcoin
With your account funded, you're ready to buy Bitcoin.

• Navigate to the Buy Section: In the app, go to the “Buy” tab. Here, you’ll see options to purchase Bitcoin and other cryptocurrencies.
• Select Bitcoin: Choose Bitcoin from the list of available cryptocurrencies.
• Enter Amount: Specify the amount of Bitcoin you want to purchase. You can enter this amount in terms of fiat currency (e.g., USD, CAD) or Bitcoin units.
• Review Transaction: Before finalizing the purchase, review the transaction details, including the current price of Bitcoin and any applicable fees.
• Confirm Purchase: If everything looks correct, confirm your purchase. Shakepay will execute the transaction, and your Bitcoin will be added to your wallet.

4. Managing Your Bitcoin
After purchasing Bitcoin, you can manage it within the Shakepay app.

• View Your Holdings: Go to the “Portfolio” tab to see your Bitcoin balance and its current value.
• Send/Receive Bitcoin: You can send Bitcoin to other wallets or receive Bitcoin from others by navigating to the “Send” or “Receive” options and following the prompts.
• Security: Ensure your account is secure by enabling two-factor authentication (2FA) and regularly updating your security settings.

5. Tips for Using Shakepay
To make the most out of your Shakepay experience:

• Stay Informed: Keep track of Bitcoin prices and market trends to make informed decisions.
• Use Shakepay’s Features: Explore additional features like Shakepay’s referral program, which allows you to earn Bitcoin by referring friends.
• Be Aware of Fees: Shakepay may charge fees for transactions and currency conversions. Be sure to review the fee structure before making trades.

6. Conclusion
Buying Bitcoin with Shakepay is a straightforward process that can be done with just a few taps on your smartphone. By following the steps outlined in this guide, you can confidently start your journey into the world of cryptocurrency.

Summary
Shakepay provides a convenient platform for purchasing Bitcoin. By setting up an account, funding it, and navigating the buying process, you can easily manage your Bitcoin investments. Remember to stay informed and use all the features Shakepay offers to enhance your trading experience.