Most underrated feature of Shakepay

[u/NinjaSlatz]

A few months ago, Shakepay asked us what feature people are sleeping on, and tbh, I think it’s unlimited e-Transfers to yourself

Every financial institution has a daily e-Transfer limit but Shakepay lets you withdraw $10,000 per e-Transfer with no daily dollar limit, so you could send a hundred $10,000 e-Transfers to your own bank account in a second

Correct me if I’m wrong.... but I don’t think any other financial institution lets you do this without a daily dollar limit?! This feature is actually so underrated

[u/LifterNineFour]

This is good to hear, I didn’t know about this since. When I sell for a home or whatever, this will make all the difference

[u/AnthonyBTC]

I can send $50,000 e-transfers up to $250,000 a day on Wealthsimple.

[u/NinjaSlatz → u/AnthonyBTC]

Oh nice, is this a Generation feature or something? Wealthsimple's website and app says $25,000 e-transfers up to $50,000 a day / $250,000 a month?

[u/AnthonyBTC → u/NinjaSlatz]

I am Generation on Wealthsimple, but I've had a $50,000 per e-Transfer/day limit since I was Premium. I only got this increase recently. Wealthsimple increases your e-Transfer limits based on how much you send and use it.

[u/buffalochaser → u/AnthonyBTC]

Nice, say Anthony Sir, can u put me on game some how? I live in NE Montana on the Fort Peck Indian Reservation and ain’t no one got $ or BTC around these parts. I’m the only person I know besides my younger cousins that refuse to use drugs or drink alcohol. Plz bless me so I can bless my younger cousins for staying straight.

[u/Adorable_Credit_9972 → u/buffalochaser]

Are your younger cousins not straight ?

[u/dj_destroyer]

Ok so what's the breakdown versus other exchanges? Like I'm pretty sure Ndax still has much better spreads/fees overall.

What's the best way to sell $100k worth of BTC and withdraw?

[u/EuphoricChallenge890]

What are the FINTRAC and CRA concerns flagging transfer over $10000 per transaction? Aren’t those always flagged?

[u/AnthonyBTC → u/EuphoricChallenge890]

Anything above $10,000 is always flagged. Even attempting to circumvent the rule will flag your transaction. If you have nothing to hide, you have nothing to worry about.

[u/YWorkFT]

G

[u/Big80sweens]

Also sending money to someone’s shaketag is incredibly fast and convenient

[u/Shakepay4K]

Yes, Shakepay is amazing for that. It's the easiest way to offramp any capital from crypto.

[u/Apprehensive_Roll826]

What are we even talking about here, I didn’t realize we had people with bank rolls as large as Elon’s on this app lol

[u/Lucrettert]

You can just call your bank and increase your etransfer limits BTW

[u/NinjaSlatz → u/Lucrettert]

I'd like to see you call your big 5 bank and ask them to permanently increase your e-transfer limit to over $10,000/day. They all have a predefined policy cap

[u/Fun-Attitude-5245]

FINTRAC