Shakepay is the app of choice for over 1 million Canadians who want a simple, no-fee way to buy and sell Bitcoin and Ethereum. New users who sign up with referral code KRQ31DB can earn a $20 sign-up bonus after completing a qualifying trade.
What is the Shakepay Referral Code?
The current Shakepay referral code is KRQ31DB.
Enter this code when you create your account to qualify for the $20 bonus. You must fund your account and complete a trade of at least $100 to receive the bonus.
How to Use the Shakepay Referral Code
- Download the Shakepay app (iOS or Android) or sign up at shakepay.com/r/KRQ31DB
- Create your account and complete identity verification
- Enter referral code KRQ31DB when prompted
- Fund your account via Interac e-Transfer or wire transfer
- Buy or sell at least $100 worth of Bitcoin or Ethereum
- Receive your $20 bonus
What is Shakepay?
Shakepay is a Canadian mobile wallet and peer-to-peer marketplace focused on Bitcoin and Ethereum. It is licensed as a Money Services Business by FINTRAC and the AMF (Autorité des marchés financiers du Québec), making it one of the most regulated crypto apps in Canada.
Shakepay Features
Commission-Free Trading
Unlike most crypto exchanges, Shakepay does not charge commissions on trades. Instead, it earns revenue from a small spread built into the buy/sell price.
ShakingSats
ShakingSats is Shakepay's daily free Bitcoin game. Every day, you can shake your phone to earn a small amount of free Bitcoin. The amount grows with your streak — the longer you keep shaking, the more you earn.
Millions of Canadians have earned free Bitcoin simply by shaking their phone every day.
Shakepay Card
The Shakepay Visa card earns:
- 1% Bitcoin cashback on all purchases
- Additional 1% cashback on your first $5,000 spent
This means every dollar you spend earns you Bitcoin — automatically, every time.
Peer-to-Peer Transfers
Send Bitcoin and Ethereum instantly to any other Shakepay user in Canada, with no fees.
Price Alerts
Set custom price alerts for Bitcoin and Ethereum to track market movements.
Is Shakepay Safe?
Shakepay is licensed by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and the AMF. It uses secure storage practices and requires identity verification for all accounts.
As with all cryptocurrency exchanges, it is generally recommended not to store large amounts of crypto on any exchange long-term. Consider withdrawing to a personal hardware wallet for larger holdings.
How Shakepay Makes Money
Shakepay is free to use. It earns revenue from:
- The trading spread (the small difference between the buy and sell price)
- Interchange fees from the Shakepay Card
There are no fees on Interac e-Transfer deposits or withdrawals.
Shakepay Referral Code Summary
| Detail | Info |
|---|---|
| Referral Code | KRQ31DB |
| Bonus Amount | $20 |
| Minimum Trade | $100 |
| Assets Supported | Bitcoin (BTC) and Ethereum (ETH) |
| Available | Canada only |
🎁 Sign up at Shakepay with referral code KRQ31DB to claim your $20 sign-up bonus after your first $100 trade.