Shakepay Referral Bonus

Shakepay is a Canadian crypto app built around bitcoin. Beyond the signup bonus, the Shakepay Prepaid Visa earns bitcoin cashback and CAD interest at a rate tied to your account’s monthly reward status rather than your lifetime spending — the three statuses are summarized below.

Status	How you qualify (monthly)	Card cashback	CAD interest	Card FX fee
Base	Default status	1%	1.5%	3%
Bright	Exchange $100+ or receive $200+ in direct deposits	1%	2%	1.5%
Blue	Exchange $1,000+ or receive $2,000+ in direct deposits	1.5%	3%	0%

Status is reassessed monthly, and the higher status carries through the following month once you’ve earned it. CAD interest is calculated daily on your lowest balance and paid out weekly in bitcoin, with no minimum balance required. USD balances earn a flat 3.5% regardless of status — that rate is not tiered like the CAD rate.

Separately from interest, ShakingSats is a gamified reward where physically shaking your phone in the app earns a small daily bitcoin payout — up to 10, 100, or 500 sats per day depending on your status and streak — and it requires having referred a friend or been referred yourself. Treat ShakingSats and interest as two distinct programs rather than one combined rate.

The Shakepay Prepaid Visa works with Apple Pay and Google Pay and carries no monthly fee (foreign currency fees by status are in the table above). Card limits are $5,000 per transaction, $5,000 per day, and $50,000 per month. On the trading side, Shakepay doesn’t charge a separate commission on buys and sells — instead it builds a spread into the price, so it’s worth comparing the effective price against other exchanges if you trade frequently. Cash balances, including CAD and USD combined, are covered by CIPF protection up to $1,000,000 per customer since Shakepay is a CIRO-regulated dealer. Shakepay also offers optional ShakeSquads, where a squad member’s card purchase earns the rest of the squad a small fixed bitcoin reward — this is opt-in and isn’t required to get the signup bonus.

Deposits and withdrawals use Interac e-Transfer for CAD, which keeps things straightforward for most Canadians, and bitcoin can be sent and received on-chain.

Shakepay referral bonus requirements

The advertised referral bonus requires buying at least $100 in bitcoin or another supported cryptocurrency after signing up as a new customer — this can be done in one purchase or several smaller ones that add up to $100. You also need to complete identity verification with a government-issued ID and fund your account in CAD. Your referral code needs to be entered during signup, or added within 30 days through Shakepay support if you forget. Terms, supported coins, and payout timing can change, so confirm the live offer on Shakepay before you deposit.

Shakepay card and bitcoin rewards overview

After the signup bonus, many Canadians use Shakepay for the prepaid card and ongoing bitcoin rewards on spending and balances. Cashback, interest, and ShakingSats payouts all depend on your monthly account activity and Shakepay’s current program rules, so check the in-app reward status page for your current rate. For cashback and interest on everyday spending without crypto, compare the KOHO referral bonus or the Neo Financial referral bonus.