Shakepay Referral Code (Jan 2023) + $50 Bonus Inside

December 1, 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.

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 VirgoCX, my #1-ranked cryptocurrency exchange. VirgoCX has 250,000+ satisfied users, offers the lowest trading fees in Canada, and is offering a $20 signup bonus from now until January 30, 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 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 a Shakepay promo code:

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  • 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.

Alternatively, if you’re looking for the best way to invest in crypto in Canada, I recommend VirgoCX, my #1-ranked cryptocurrency exchange. VirgoCX has 250,000+ satisfied users, offers the lowest trading fees in Canada, and is offering a $20 signup bonus from now until January 30, 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, 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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As a new ZenGo user, you won't pay any trading fees on trades up to $200. ZenGo supports more than 75 crypto assets, and it takes less than 30 seconds to open your free account.

Overall, ZenGo represents the next generation of crypto: with top-level security inside an easy to use app, ZenGo offers the best of both worlds.

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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 VirgoCX, my #1-ranked cryptocurrency exchange. VirgoCX has 250,000+ satisfied users, offers the lowest trading fees in Canada, and is offering a $20 signup bonus from now until January 30, 2023.

Cryptocurrency Signup Bonuses In Canada

  • VirgoCX: $20 bonus after depositing $100 or more
  • CoinSmart: $50 bonus after depositing $200 or more
  • Bitbuy: $30 bonus after depositing $250 or more
  • Newton: $25 bonus after depositing $100 or more

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