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 September 2026
The content on this page is provided for informational purposes only and may contain affiliate links. Additional information is available on the official website.
How to Claim Your Referral Bonus
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 Program Rules
Key terms and requirements you should know when using the referral code or link
- 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.
Our Shakepay Referral Review
Last reviewed: September 2026 · Independent editorial review
4.4/ 5
Overall Rating — Recommended by GetReferral
Shakepay is the most approachable way for Canadians to buy and hold Bitcoin, and the Shakepay referral code KRQ31DB is straightforward to use: enter it at sign-up, deposit and trade $100, and the $20 bonus shows up in your account. The shake-to-earn satoshis feature makes it genuinely fun, and the CAD spread is transparent. You can get additional information on our full Shakepay review.
Ease of Use
5
Fees & Value
4
Product Range
3.5
Customer Support
4.5
Sign-Up Bonus
4.5
Our verdict: Shakepay is a top-rated Canadian financial platform. We recommend signing up and using our referral code KRQ31DB to claim your $20 bonus.
Personal Experience with Shakepay
First-hand account from our editor
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.
I used a referral code myself when I signed up for Shakepay, and the bonus came through cleanly, which is part of why this is one of the easier bonuses on this list to recommend.
1M+
Canadians on Shakepay
Commission-free
BTC & ETH trading
Founded 2015
Montreal-based fintech
FINTRAC Licensed
Regulated in Canada
What Shakepay Offers
A full suite of financial products built for Canadians — all in one place.
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.
Why Use Shakepay?
A closer look at the features that make Shakepay useful in everyday life.
$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
Frequently Asked Questions
Common questions about Shakepay and the referral 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.
Latest Articles
Tips, reviews, guides, and news about Shakepay.
Shakepay Card Review 2026: Earn Bitcoin on Every Purchase in Canada
The Shakepay Visa card earns Bitcoin cashback on every purchase with no annual fee, no monthly fee, and no foreign transaction fees. Here's how the tiered cashback system works, what the physical card launch means, and whether it's worth using as your everyday card.
Read more
Shakepay Referral Code KRQ31DB: Get a $20 Sign-Up Bonus
Use Shakepay referral code KRQ31DB to get a $20 bonus after trading $100 in Bitcoin or Ethereum. Canada's simplest commission-free crypto app.
Read moreReady to claim your $20 bonus?
Sign up to Shakepay today and use code KRQ31DB to get your bonus.
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