Shakepay Savings: New Cash and Bitcoin Savings Account Explained (2026)
Shakepay just launched a dedicated savings account for cash and Bitcoin, with up to 5% interest for Blue customers. Here's how it works and how to set it up.
Read moreShakepay Referral Code: Get a $20 Sign-Up Bonus
Use referral code "KRQ31DB" and get a $20 bonus! Must trade a minimum of $100.
Fund and trade at least $100 worth of crypto after signing up.
Get Started — $20 Bonus
KRQ31DB
Bonus verified October 2026
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How to Use the Shakepay Referral Code
Getting your $20 bonus takes less than 10 minutes.
1
Sign up for free
Download the Shakepay app or sign up on their website. Verify your identity in minutes with your government ID — no branch visit required.
2
Enter code KRQ31DB
During registration, enter referral code KRQ31DB in the referral field to link your account to the $20 sign-up bonus.
3
Fund and trade $100
Deposit funds via Interac e-Transfer and buy or sell at least $100 worth of Bitcoin or Ethereum. Your $20 bonus is credited automatically.
Shakepay Referral Code Terms and Requirements
What you need to do and what to check before you sign up
Bonus
$20
Referral code
KRQ31DB
What you need to do
Verify your identity and deposit $100 CAD
When it arrives
Typically within 30 days of meeting the deposit requirement
- Canadian residents who complete identity verification are eligible - the process usually takes under an hour.
- Deposit at least $100 CAD and your $20 bonus is credited automatically - no extra steps required.
- The $20 lands in your Shakepay account as CAD, which you can hold or convert to Bitcoin.
- CAD withdrawals back to your bank account are free - your money is always accessible.
- Bonuses are typically credited within 30 days of meeting the deposit requirement.
- One bonus per person - you'll need your own account to qualify.
Shakepay Referral Code FAQ
Common questions about the Shakepay referral code and bonus.
What is the Shakepay referral code for 2026?
The current Shakepay referral code is KRQ31DB. Enter it during registration to unlock a $20 cash bonus after funding your account and trading at least $100 in Bitcoin or Ethereum.
Are there any fees on Shakepay?
No funding or withdrawal fees. Shakepay earns revenue through a small trading spread on BTC and ETH conversions, one of the most competitive rates among Canadian crypto apps. All fees are transparent and disclosed before any trade.
Is Shakepay safe?
Shakepay is licensed as a Money Services Business by FINTRAC and the AMF (Autorité des marchés financiers). The platform uses industry-standard security practices including 2FA, cold storage for the majority of assets, and encrypted account data.
How do I get the referral bonus?
Sign up using code KRQ31DB, then fund your account and trade at least $100 worth of Bitcoin or Ethereum. The $20 cash bonus will be credited to your Shakepay wallet within a few business days of completing the trade.
How do I fund my Shakepay account?
You can fund via Interac e-Transfer (fastest, usually within minutes), wire transfer, or by sending Bitcoin or Ethereum from an external wallet. There are no deposit fees for any of these methods.
Is Shakepay available outside Canada?
No, Shakepay is currently available to Canadian residents only. You must be a Canadian resident and have a valid Canadian bank account to use the service.
What is ShakingSats and how does it work?
ShakingSats is a Shakepay feature that lets you earn free Satoshis (fractions of Bitcoin) every day simply by opening the app and shaking your phone. Your daily streak increases your earnings, keeping the streak alive for multiple consecutive days multiplies the amount you earn.
How does the Shakepay Card cashback work?
Every time you make a purchase with the Shakepay Visa card, 1% of the purchase amount is automatically converted to Bitcoin and deposited into your Shakepay wallet. You earn an additional 1% on your first $5,000 in spending, giving you 2% back on early card use.
Can I send Bitcoin to someone who does not have Shakepay?
Yes, you can withdraw Bitcoin to any external wallet address. Free peer-to-peer transfers are available instantly between Shakepay users. Sending to external wallets incurs a small network fee based on current Bitcoin blockchain conditions.
Can I use a Shakepay referral code after already creating an account?
No, the Shakepay referral bonus is only available to new users who enter the code at the time of sign-up. It cannot be applied retroactively to an existing account.
Is the Shakepay Referral Code Worth It?
Last reviewed: October 2026 · Independent review of the offer
4.4/ 5
Overall Referral Offer Rating
The Shakepay referral code KRQ31DB is simple to use: enter it at sign-up, deposit $100 and the $20 bonus shows up in your account. It's an approachable way to start buying Bitcoin, with transparent CAD pricing and a shake-to-earn feature on top.
Worth it if you want a simple way to start buying Bitcoin.
Skip it if you want altcoins beyond BTC and ETH.
Our verdict: Use code KRQ31DB to claim your $20 bonus.
How Claiming the Shakepay Bonus Went
Our editor's first-hand experience with the offer and the product
I entered a referral code when I signed up for Shakepay, and the bonus came through cleanly with nothing extra to do on my end.
Shakepay was how I first got comfortable with Bitcoin. The interface is deliberately stripped back - you fund in CAD, buy BTC, and that's about it. There's nothing complicated to navigate and no temptation to over-trade. For a first-time buyer, that simplicity is a feature, not a limitation.
The shake-to-earn mechanic sounds like a gimmick until you've been doing it daily for six months and check your balance. Small amounts of free sats add up, especially during a bull market, and the daily habit builds a surprisingly intuitive feel for Bitcoin's price movement over time.
The trade-off is scope - Shakepay is BTC and ETH only. Anyone who wants Solana or altcoin exposure will need a second exchange. But for a long-term Bitcoin savings habit with a clean Canadian interface and no hidden fees, it's the first app I'd recommend.
Want to know more about Shakepay?
Our full Shakepay review covers the products, key features, ratings and who the account suits best.
Read the Shakepay reviewShakepay Referral Code Guides
Guides, reviews and how-tos about Shakepay and the referral bonus.
Ready to claim your $20 bonus?
Sign up to Shakepay today and use code KRQ31DB to get your referral bonus.
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