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.
By using our Shakepay referral code YOREOYSTER (or our unique referral link), you'll receive a $30 signup 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.
Alternatively, if you’re looking for the best way to invest in crypto in Canada, I recommend Kraken, my #1-ranked cryptocurrency exchange. Kraken has over 10 million satisfied users, offers the lowest trading fees in Canada by a mile, and is offering a $10 signup bonus (no referral code required) from now until December 5, 2023.
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 by clicking on this 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 a Shakepay promo code:
- Visit Shakepay’s website. 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.
- Like Newton and VirgoCX, Shakepay is a no-commission exchange that makes money from bid-ask spreads, not trading fees.
Alternatively, if you’re looking for the best way to invest in crypto in Canada, I recommend Kraken, my #1-ranked cryptocurrency exchange. Kraken has over 10 million satisfied users, offers the lowest trading fees in Canada by a mile, and is offering a $10 signup bonus (no referral code required) from now until December 5, 2023.
What Coins Does Shakepay Offer?
Shakepay only allows you to buy, sell, and trade in Bitcoin (BTC) and Ethereum (ETH).
Shakepay Fees
Shakepay 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, though this is out of Shakepay's hands.
How To Sign Up With Shakepay
#1 Visit Shakepay’s website and click Get Started.
#2 Fill in your basic information like your Shaketag (username) and your email address.
#3 Verify your phone number. Keep in mind that only a Canadian mobile number will work. VoIP or another type of internet phone number will not work.
#4 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, on the Settings page, by clicking 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.
Related: You can also get a $30 signup bonus by signing up to Bitbuy, or a $50 bonus by signing up to CoinSmart, which has one of the best referral programs in the Canadian crypto scene.
Introducing Kraken: Our #1-Rated Crypto Exchange In Canada
Solid Option
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Total Fees: ~3.2% |
★★★★ Rated 4.0/5 |
VirgoCX doesn't charge any trading fees, deposit fees or withdrawal fees—yet its extremely high spreads make it one of the more expensive crypto exchanges in Canada. Those spreads are generally around 3.2%, which means you pay 20x the fees as you would trading with Kraken, which is absurd.
Aside from the high fees, though, VirgoCX is a great exchange. Its trading platform and mobile app are intuitive and easy to use (even for beginners), it supports 50+ cryptocurrencies, and it offers 24/7 customer support via live chat and email, plus an extensive FAQ section on its site.
VirgoCX covers the first $6 in mining fees on crypto withdrawals, which means you generally won't pay anything to withdraw crypto. For security, VirgoCX maintains a 95% cold storage policy and requires 2-factor authentication on all accounts.
As a new VirgoCX user, you'll receive a $20 bonus upon funding your account with $100 or more.
If working with an easy to use platform is important to you, VirgoCX is a solid choice.
Features
- Supports 50+ cryptocurrencies
- Free fiat deposits and withdrawals
- Free deposits and withdrawals on most cryptocurrencies
- 24/7 support available via live chat and email
- User-friendly for both beginners and more advanced traders
- 95% cold storage policy
- Regulated by FINTRAC
Cost
- Trading Fees: 0%
- Spreads: 2% – 3.5%
- Fiat Deposit Fee: 0%
- Fiat Withdrawal Fee: 0%
Signup Bonus
$20 when you deposit $100
Best For
Crypto investors who choose not to sign up with Kraken.
In Summary
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.
By using our Shakepay referral code YOREOYSTER (or our unique referral link), you'll receive a $30 signup 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.
Alternatively, if you’re looking for the best way to invest in crypto in Canada, I recommend Kraken, my #1-ranked cryptocurrency exchange. Kraken has over 10 million satisfied users, offers the lowest trading fees in Canada by a mile, and is offering a $10 signup bonus (no referral code required) from now until December 5, 2023.
Cryptocurrency Signup Bonuses In Canada
- Kraken: $10 bonus after depositing $1 or more
- Bitbuy: $30 bonus after depositing $250 or more
- Newton: $25 bonus after depositing $100 or more
- VirgoCX: $20 bonus after depositing $100 or more
Shakepay Referral Program FAQs
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).
