Shakepay Referral Code (Get $10 Sign Up Bonus)

Shakepay Referral Code

Here is the Shakepay referral code: FM8INVL

Or use this link: when signing up.

You will get $10 added to your account when you use this Shakepay promo code.

You will also activate the ‘Shaking Sats’ rewards easter egg.

To be eligible to receive the $10 sign-up bonus you will need to verify your account with ID, email, and phone number. You will also need to deposit and buy at least $100 of cryptocurrency.

Use Interac E-Transfer to easily buy and sell Bitcoin and Ethereum in Canada with Shakepay.

Shakepay Referral

Use this link and get $10 sign-up bonus!

Shakepay Fees

Fiat deposits / withdraws: Free

Spread Fee: ~1-2%

Cryptocurrency deposits / withdraws: Free

Other exchanges will have a lower spread fee but charge for crypto withdraws. It depends on how much you are buying or selling but Shakepay is great value when making smaller purchases.

Shakepay Shaking Sats

Shakepay shaking sats is a rewards program that will give you free Bitcoin every day.

Shakepay Shaking Sats

To activate Shaking Sats

  1. Sign up to Shakepay with a referral link –
  2. Verify your account
  3. Deposit $100 CAD into your Shakepay account
  4. Start shaking for free sats everyday

Read the Shakepay Shaking Sats Rewards Guide

How does Shakepay Work?

Shakepay is a Canadian cryptocurrency exchange. They can exchange Canadian Dollars $ for Bitcoin or Ethereum.

Shakepay is NOT a wallet. They do not have a seed phrase and it is best practice to move your coins off exchanges to your wallet.

To use Shakepay:

  1. Sign up to Shakepay
  2. Deposit $ CAD with Interac E-Transfer
  3. Exchange dollars for crypto
  4. Send crypto from Shakepay to your wallet receive address

If you have Bitcoin or Ethereum you want to sell – simply reverse the steps above and you will be able to exchange your crypto for dollars and deposit it into your bank account.

Shake offers fiat funding and deposits via Interac E-Transfer or Wire Transfer.

Read How to Buy Bitcoin Canada

How does Shakepay Make Money?

Shakepay earns profits on the spread of crypto buy/sell orders placed on the platform. The Shakepay spread fee fluctuates usually between 1 to 2 %. Most exchanges use a spread fee on trades to make money.

Is Shakepay Safe and Legit?

Shakepay is a legit Canadian cryptocurrency exchange. It is one of the largest by user numbers (600,000+). In July 2020, Shakepay engaged CipherBlade to conduct a Proof of Reserves and Security Review.

A Montreal-based company that has over 50 employees.

I have been using Shakepay for years and never had any issues. I have recommended to many friends to use Shakepay when they are making their first crypto purchases.

Shakepay was founded in 2015 and is a legal and regulated Canadian crypto exchange. FINTRAC #M17065696.

Read the Shakepay Review

How To Add a Shakepay Referral Code After Sign-Up

Shakepay will let you add a referral code 30 days after sign-up.

Go to:

Shakepay Referral Code: FM8INVL

Add Shakepay Referral Code

It may take up to 24 hours for the $10 referral bonus to be added to your account.

Shakepay Pros

  • Super easy to use for beginners to start in crypto
  • Free cryptocurrency withdraws
  • Shaking Sats Rewards
  • Recurring Buys
  • Limit Orders
  • Shakepay Debit Card
  • App works great

Shakepay Cons

  • High spread fee
  • Limited coin selection
  • App only

How to Refer a Friend on Shakepay

Already have a Shakepay account and want to refer a friend. Here is how you can refer a friend and you and your friend will both get a $10 sign-up bonus.

  1. Open Shakepay App
  2. Click > Settings (Gear icon, bottom right)
  3. Click > Refer a friend

This will give you a unique Shakepay referral code that you can share to be credited with the referral and earn the bonus.

Shakepay Refer a friend

It can take up to 24 hours after sign-up to have the credit applied to your account.

You will be paid in Canadian dollars which will be immediately available to trade for crypto for withdrawal to your bank account.

Shakepay is best for someone that is just getting started in crypto and wants to quickly and easily buy/sell some Bitcoin or Ethereum. Signing up is easy and fast. Interac E-Transfers make deposits and withdraws simple.

It is a very simple app to use and the services they offer, are done well.

Shakepay Alternatives

These exchanges are popular alternatives to Shakepay.

Newton – Easy to use, low spread fees, and lots of altcoins.
(Read Shakepay VS Newton)

NDAX – NDAX is good for trading larger amounts with low spread fees.
(Read Shakepay VS NDAX)

Wealthsimple – Trade stocks and crypto in the same app.

View and compare top Canadian crypto exchanges.

Shakepay Referral Code

Use this link and get $10!


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