Shakepay is a “no fee” exchange, but in reality, it’s a broker. With a traditional crypto exchange, users buy and sell from each other and the exchange facilitates that. A broker buys from its users and sells to its users at prices they set themselves. Usually, there is a difference in the buy and sell price and this difference (the spread) is pocketed by brokers such as Shakepay. Shakepay’s spread is between 1.2% to 2.5% which is quite high. In comparison, Newton’s spread is 0.40% to 0.74%, which is a cheaper alternative.