Shakepay Referral Code: Get a $20 Cash Bonus
Use our Shakepay referral code KRQ31DB to get a $20 cash bonus after your first $100 crypto purchase. Here's how it works and whether Shakepay is worth it.
Shakepay is a Montreal-based app that makes buying Bitcoin and Ethereum about as simple as it gets in Canada. You fund your account by Interac e-Transfer, buy crypto in a few taps, and there's a fun extra called ShakingSats, where shaking your phone each day earns you a small amount of free Bitcoin. It only supports two coins, so it's not for people who want a big altcoin list, but that simplicity is part of the appeal.
Our review
One of the easiest ways for a beginner to buy Bitcoin in Canada. It sticks to two coins and keeps fees low, though the referral bonus needs an actual purchase, not just a deposit.
How the Shakepay referral bonus works
Sign up with our code KRQ31DB, or use our link so it's applied for you, and you get a $20 cash bonus. Here's what has to happen:
- Enter the code during sign-up. It has to go in while you're creating your account, not afterward.
- Buy at least $100 CAD of crypto. Bitcoin or Ethereum both count. A deposit on its own doesn't trigger the bonus, you actually need to place a trade.
- Be a new user. The bonus is for people signing up for the first time.
Once your purchase qualifies, Shakepay credits the $20 to your account.
What you get
- A $20 cash bonus after your first $100 crypto purchase
- No trading fees on the first $1,500 you trade each month
- Instant funding by Interac e-Transfer
- Free daily Bitcoin through ShakingSats, which grows the longer your streak runs
- A Shakepay Visa card that earns Bitcoin cash back on purchases
- A savings account for cash and Bitcoin, with CDIC coverage on the cash portion up to $100,000
How to claim the Shakepay bonus
- 1
Use the referral link or code
Click the button below to sign up with the referral applied, or enter KRQ31DB when you are asked for a code during sign-up. - 2
Create your account
Sign up with your email and verify your identity. This is usually quick. - 3
Fund your account
Add money using Interac e-Transfer. It typically lands in your Shakepay balance in minutes. - 4
Buy $100 or more of crypto
Purchase at least $100 CAD of Bitcoin or Ethereum. A deposit alone does not count, you need to make the purchase. - 5
Check your balance
Once your purchase qualifies, Shakepay credits the $20 bonus to your account.
Pros
- Simple app that is easy for beginners
- No trading fees on the first $1,500 a month
- Instant e-Transfer funding
- Free Bitcoin every day through ShakingSats
- Visa card with Bitcoin cash back
Cons
- Only Bitcoin and Ethereum, no wider coin list
- You must actually buy crypto, not just deposit
- The code has to be entered at sign-up
- Fees are built into the spread, so compare prices
- Crypto prices can swing quickly
Is Shakepay worth it?
If you want the simplest possible way to start buying Bitcoin or Ethereum in Canada, yes. There's very little to figure out, funding is fast, and the $20 bonus is easy to get with one purchase you were probably going to make anyway.
If you want to trade a wide range of altcoins, Shakepay isn't built for that, since it only supports two coins. Also remember that Shakepay's fees are in the spread rather than a separate line item, so it's worth comparing prices against other Canadian platforms if you're trading larger amounts. Only put in money you can afford to leave alone, since crypto prices can move quickly. This isn't financial advice.
Other informational sources
If you want more details, here are some other sources of information:
Frequently asked questions
How much is the Shakepay referral bonus?
What is the Shakepay referral code?
Does a deposit alone qualify for the bonus?
Can I add the referral code after I sign up?
What coins can I buy on Shakepay?
Does Shakepay charge trading fees?
Referral terms change without notice. Always confirm the current details on Shakepay's site before you sign up.
