Shakepay Referral Code + $50 Bonus Inside

April 1, 2023
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 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 May 29, 2024.

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 May 29, 2024.

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

Best In Canada
Kraken

Total Fees: ~0.16%
Security: Best in class
Customer Support: Excellent

By far the lowest fees in Canada.

★★★★★

Rated 4.9/5

Based in the U.S. and regulated by FINTRAC in Canada, Kraken is undoubtedly the best crypto exchange in Canada. Founded in San Francisco back in 2011, Kraken outperforms the smaller Canadian crypto exchanges due to its significantly lower fees, better customer support, and superior overall trading experience.

For starters, Kraken's fees are far lower than any Canadian exchange, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. Compare that with the other Canadian exchanges—which routinely charge up to 2% in commissions plus an additional 2% or more in spreads—and it's easy to see why Kraken is such a popular exchange.

Kraken also has better customer support than any other Canadian exchange, and is the only exchange in Canada offering telephone support (available in English, French and Spanish). It supports 100+ cryptocurrencies and has a world-class trading platform and mobile app that's powerful yet easy to use.

If that wasn't enough, Kraken's trading platform is far more professional and robust than its Canadian peers, offering features like NFT trading, staking and support for a wide range of fiat currencies including CAD, USD, EUR, and more.

Overall, Kraken is the best fit for most Canadian crypto investors because it has lower fees, better support and a better trading platform overall. If you're looking to start trading crypto in Canada, we strongly recommend Kraken.

Features

  • Extremely low trading commissions (0.16%)
  • Extremely low spreads (0.0003%)
  • Trade 100+ cryptocurrencies
  • Stake 100+ cryptocurrencies
  • Simple, intuitive user interface
  • Kraken Crypto Watch allows you to keep track of the crypto market
  • NFT trading inside the Kraken app
  • 24/7 customer support via phone, email and live chat
  • Plenty of free educational resources available to users
  • 95% cold storage policy
  • Regulated by FINTRAC

Cost

  • Trading Fees: 0.16% (spot trades cost 0.26%)
  • Spreads: 0.0003%
  • Fiat Deposit Fee: 0%
  • Fiat Withdrawal Fee: $10 CAD

Best For

Canadian cryptocurrency investors looking to trade with the industry's lowest fees.

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 May 29, 2024.

Cryptocurrency Signup Bonuses In Canada

  • Bitbuy: $50 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).

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