Yes, given most Shakepay assets are held in cold storage, the company has an insurance policy. This policy covers most damages, theft, and the loss of private keys.

How do I cash out from Shakepay?

Shakepay users can withdraw CAD to their bank account via e-transfer or wire transfer. CAD withdrawals via e-transfer take a few minutes, while wire transfers typically take 1-2 business days. Users can also withdraw their BTC or ETH holdings to a non-custodial crypto wallet; this process takes 2 and 60 confirmations, respectively.