Shakepay Referral Code (May 2022): $30 Signup Bonus

February 7, 2022
Blog

Shakepay is a Canadian cryptocurrency exchange that allows users to buy and sell Bitcoin and Ethereum, and it offers commission-free trading. It also offers a unique feature called “ShakingSats”, which allows users to receive free cryptocurrency if they join Shakepay through a referral link.

Shakepay has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link) you will receive a $30 sign-up bonus after purchasing $100 worth of crypto. Shakepay also offers a grace period; if you forgot to use the code you can still do so within 30 days of the time you created your account.

How To Use The Shakepay Referral Code

Shakepay has a referral program in place for new Shakepay users. By using the referral code YOREOYSTER (or the link) you will receive a bonus of  $30 after you purchase $100 worth of cryptocurrencies. After you complete your first trade you will receive your referral code, so when one of your referrals joins through your link both of you will receive the $30 bonus.

To use the promo code

  • Visit Shakepay’s page. Enter your email and click on the Get Started button.
  • Fill in your basic information, such as name, email, and mobile number.
  • Verify your identity.
  • Use the referral code YOREOYSTER. (important: you have to use the referral code YOREOYSTER in this step. If for some reason you are unable to use it right now you have up to 30 days to manually enter it after you create your account).
  • After you’ve created your account you just have to purchase $100 worth of cryptocurrencies – then you will be credited $30 as part of the referral program. You will also receive your referral code, so you can start referring your friends.

(We outline the whole referral process step-by-step in the How To Sign Up For Shakepay section.)

What Is Shakepay?

Shakepay is a cryptocurrency trading platform based in Canada that was founded in 2015. Located in Montreal, it has helped hundreds of thousands of its users to buy, sell and trade over $5 billion worth of digital assets.

Shakepay is not a crypto exchange per se. Instead, you should think of it as a cryptocurrency broker that connects buyers with sellers. Here’s our full Shakepay review.

Shakepay Features

  • Instant Account Verification.
  • Recurring Buy Feature, which allows buying cryptocurrencies automatically.
  • ShakingSats, allows you to receive free cryptocurrency if you join Shakepay through a referral link.

What Coins Does Shakepay Offer?

Shakepay only allows you to buy, sell, and trade in Bitcoin (BTC) and Ethereum (ETH).

Shakepay Fees

This crypto exchangeShakepay offers commission-free trading, so you won’t be charged any direct fees for using it. Deposits and withdrawals in both fiat currencies and cryptocurrencies are completely free.

Shakepay generates revenue from the bid-ask spread when transactions are placed on its platform, similar to Newton and VirgoCX. Also, if you want to make deposits or withdrawals through wire transfers, you may be charged additional fees by your bank; nevertheless, this doesn’t count as a Shakepay fee

How To Sign Up With Shakepay

#1 Visit Shakepay’s page. Click on the Get Started button.

#2 Fill in some basic information, like your Shaketag (username), your email address, and the type of account.

#3 Verify your phone. Keep in mind that only a Canadian mobile number will work. VoIP or another type of internet phone number will not work.

#4 Finally, you will be prompted to enter your referral code. (important: you can use the referral code YOREOYSTER in this step. If you are unable to use it right now you have up to 30 days to enter it after you create your account).

Shakepay’s Referral Program

After creating your Shakepay account you can find your referral code in the app, in the Settings page, click on the Refer a Friend button. From there, you’ll find your referral link

  • Share your code via text, email, or to your social media audience.
  • Once a referee signs up and purchases at least $100 worth of cryptocurrencies, you and your referee will receive $30.
  • You will receive a bag of Shakepay goodies after you refer the first 10 friends.
  • There’s no limit to how many people you can refer.

Is Shakepay Safe?

Yes, Shakepay is a secure cryptocurrency broker. To safeguard the money, accounts, and personal data of its users, it uses industry-standard security protocols like 2-factor authentication and a cold storage policy.

Is Shakepay Legal In Canada?

Yes. Shakepay has been licensed as a Money Service Business (MSB M17065696) by Canada’s financial regulatory authorities: the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Autorité des Marchés Financiers (AMF).

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CoinSmart’s trading fees are just 0.20%, the lowest of any crypto platform in Canada. And those savings add up quickly: if you trade $100,000 worth of Bitcoin in a given year (buying and selling $25,000 worth twice), you’ll save $800 in trading fees compared to a platform that charges 1% ($200 vs. $1,000).

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CoinSmart maintains a 95% cold storage policy, which means at least 95% of its users’ crypto is always held offline. This is a security measure that only the most advanced trading platforms employ, and CoinSmart is leading the charge.

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CoinSmart offers 24/7 customer support via phone, live chat, and email, and their customer service reps are actually helpful rather than just following a script. I’ve never had to wait more than about 60 seconds on hold, and they’re very responsive via live chat and email, too. 

The only time I ran into an issue with CoinSmart, I called them and had it sorted out within 5 minutes. Keep in mind that telephone and live chat support is only available for registered users, so if you have a question for CoinSmart, the best way to get it answered is to open an account

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Conclusion

Shakepay is a Canadian cryptocurrency exchange that has been operational since 2015. It allows users to buy and sell Bitcoin and Ethereum, and it offers commission-free trading. It also offers a unique feature called “ShakingSats”, which allows users to receive free cryptocurrency if they join Shakepay through a referral link.

Shakepay has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link) you will receive a $30 sign-up bonus after purchasing $100 worth of crypto. Shakepay also offers a grace period; if you forgot to use the code you can still do so within 30 days of the time you created your account.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

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