Shakepay Review
What Shakepay offers, how the referral bonus works and whether it's worth signing up.
Last reviewed: October 2026
Overall 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.
About Shakepay
Shakepay is licensed as a Money Services Business by FINTRAC and the AMF, making it one of the most regulated Canadian crypto wallets available.
Shakepay lets you buy, sell, and send Bitcoin and Ethereum with no commissions. Earn free BTC every day with ShakingSats, and get 1% BTC cashback on all purchases with the Shakepay Card. Use referral code KRQ31DB to get your $20 bonus.
1M+
Canadians on Shakepay
Commission-free
BTC & ETH trading
Founded 2015
Montreal-based fintech
FINTRAC Licensed
Regulated in Canada
What Shakepay Offers
The main products you get with a Shakepay account.
Bitcoin & Ethereum Trading
Buy and sell BTC and ETH commission-free with tight spreads and instant execution. Fund via Interac e-Transfer with no deposit fees.
Shakepay Card
A Visa prepaid card that earns 1% BTC cashback on every purchase, automatically deposited to your Shakepay wallet. Extra 1% on your first $5,000 spent.
ShakingSats
Earn free Satoshis every day just by shaking your phone. Streaks multiply your daily earnings, the longer you shake, the more you earn.
Peer-to-Peer Transfers
Send Bitcoin or Canadian dollars instantly to any other Shakepay user in Canada, completely free and with no minimums.
Price Alerts
Set custom notifications for Bitcoin and Ethereum price levels so you never miss a buying or selling opportunity.
Key Features
What stands out about Shakepay in everyday use.
- $20 cash bonus using referral code KRQ31DB after trading $100
- Commission-free Bitcoin and Ethereum, no trading fees, just a small spread
- ShakingSats: earn free Bitcoin every day for life just by opening the app
- 1% BTC cashback on all Shakepay Card purchases
- Extra 1% BTC cashback on your first $5,000 in card spending
- No fees on CAD deposits via Interac e-Transfer or bank transfer
- Instant peer-to-peer crypto and CAD transfers to other Shakepay users
- Licensed Money Services Business under FINTRAC and the AMF
- Fast identity verification, most accounts approved in minutes
- Price alerts for BTC and ETH so you can act at the right moment
Is Shakepay Right for You?
It's a good fit if
you want a simple way to start buying Bitcoin.
You might skip it if
you want altcoins beyond BTC and ETH.
Ready to claim your $20 bonus?
See how the Shakepay referral code works, the terms to watch for and the steps to claim it.
Shakepay Referral Code