Shakepay Referral Code: How to Get a $20 Cash Bonus

If you are looking for the easiest way to get started with Bitcoin in Canada, Shakepay is hard to beat. The app is designed to be as simple as possible — buy Bitcoin or Ethereum in seconds using Interac e-Transfer, shake your phone daily for free Bitcoin, and earn BTC cashback on every purchase with the Shakepay Visa card. New users who sign up with a referral code and buy $100 or more in crypto receive a $20 cash bonus.

Here is everything you need to know about claiming your Shakepay referral bonus.

Shakepay Referral Code

Use referral code KRQ31DB when signing up — claim the Shakepay bonus.

How the Shakepay Referral Program Works

The Shakepay referral bonus is one of the most straightforward in Canadian crypto:

Sign up for a new Shakepay account using referral code KRQ31DB
Complete identity verification
Buy at least $100 CAD worth of Bitcoin or Ethereum
Receive a $20 cash bonus credited to your Shakepay account instantly

The $20 is deposited as cash into your Shakepay balance and can be held, used to buy crypto, or withdrawn.

Where to Enter the Shakepay Referral Code

The referral code KRQ31DB is entered during the account sign-up process in the Shakepay app. Here is how:

Download the Shakepay app on iOS or Android
Tap "Get Started" and begin the registration process
When prompted, enter referral code KRQ31DB in the referral code field
Complete identity verification (government-issued ID required)
Fund your account via Interac e-Transfer and buy at least $100 in crypto

Important: The referral code must be entered during sign-up before your account is fully created. It cannot be applied to an existing Shakepay account, so make sure to enter it before completing registration.

What is ShakingSats?

ShakingSats is one of Shakepay's most popular features and one of the most unique things any Canadian crypto app offers. Every day, you can open the Shakepay app and shake your phone to earn a small amount of free Bitcoin — no purchase required.

The amount you earn per shake starts small, but it increases the longer your consecutive daily streak runs. Long-term Shakepay users who shake every single day can earn a meaningful amount of Bitcoin over months and years purely through this feature. The streak resets if you miss a day, so the incentive to open the app daily is built right in.

ShakingSats is not going to make you rich on its own, but as a passive way to accumulate a small amount of Bitcoin over time simply by using an app you already have, it is genuinely one of the more clever loyalty features in Canadian fintech.

The Shakepay Visa Card

Shakepay also offers a Visa card that earns Bitcoin cashback on every purchase. Every time you spend with the Shakepay Visa, a percentage of the purchase comes back to you as Bitcoin deposited into your Shakepay account.

The card works like a standard prepaid Visa — you load it from your Shakepay balance and use it anywhere Visa is accepted in Canada and internationally. The BTC cashback is applied automatically after each transaction, making it a hands-off way to stack small amounts of Bitcoin through everyday spending.

For Canadians who are already using Shakepay to hold Bitcoin, the Visa card turns routine purchases into a passive Bitcoin accumulation strategy.

What Can You Buy on Shakepay?

Shakepay keeps its offering focused: Bitcoin (BTC) and Ethereum (ETH) only. If you are looking for a wide selection of altcoins, you will need a different platform. But for the majority of Canadians who are primarily interested in Bitcoin, the simplicity is a feature rather than a limitation.

Shakepay does not charge explicit trading fees. Like most Canadian exchanges, they make money on the spread — the difference between the buy and sell price. Shakepay's spreads typically run between 1.5% and 2.5% depending on market conditions.

Deposits and withdrawals via Interac e-Transfer are free and typically processed within minutes, 24 hours a day. This makes it one of the fastest ways to move Canadian dollars into and out of crypto.

Is Shakepay Safe?

Yes. Shakepay is a registered Money Service Business (MSB) with FINTRAC — Canada's financial intelligence and anti-money laundering regulator. Founded in Montreal in 2015, Shakepay has been operating for over a decade and has established itself as one of Canada's most trusted crypto platforms.

Shakepay stores the majority of client funds in cold storage, meaning the Bitcoin is held offline and not exposed to the risks of internet-connected systems. Two-factor authentication is available and recommended for all accounts.

How Does Shakepay Compare to Other Canadian Crypto Exchanges?

Shakepay is the best choice for simplicity, but here are a few alternatives depending on your needs:

Newton — $25 bonus when you trade $100 or more. Supports 70+ cryptocurrencies and offers Newton Pro for advanced trading. Use code EUSZ0G — Newton bonus
Kraken — up to $350 in Bitcoin for new users who trade $200 CAD or more. More advanced platform with 200+ cryptocurrencies. Use code ggfy2kwp — Kraken bonus
NDAX — $10 cash bonus with a $100 deposit. One of the lowest flat fees in Canada at 0.20%. NDAX bonus

Shakepay is the right choice if you want the simplest possible experience and are focused on Bitcoin and Ethereum. If you want altcoin access or more advanced trading tools, Newton or Kraken are worth a look.

Verdict

Shakepay is the most beginner-friendly crypto app in Canada, and the $20 cash bonus is one of the easiest to earn — just one purchase of $100 gets you there. Add ShakingSats for daily free Bitcoin and the Shakepay Visa for BTC cashback on everyday spending, and you have a complete Bitcoin stack-building setup that runs mostly on autopilot.

🎁 Claim Your Bonus

Use referral code KRQ31DB to claim your Shakepay bonus.