In-depth Analysis · April 2026
Shakepay
Bitcoin & Ethereum Exchange · Registered ACVM & CIMFS · Founded 2015 · Montreal, Canada

Shakepay Review 2026 —
Free Bitcoin
by Shaking Your Phone

Founded in 2015 in Montreal, Shakepay is the most popular Bitcoin exchange in Canada with over 1.5 million users. Registered ACVM + CIMFS, it offers an ultra-simple app for buying BTC and ETH, a unique Shakingsats feature to receive free satoshis every day, and a bonus of $20 free for any first purchase of $100 or more.

★★★★☆ 4.3 / 5 — Overall rating ACVM & CIMFS ✓ 🎁 $20 free
₿ Bitcoin & Ethereum 📱 App iOS & Android 🍁 Made in Canada
📊 Key Figures
1,5M+
CA Users
2015
Founded in Montreal
20 $
Bonus offered
Sats
Free / day
🛡️ Key strengths
ACVM — Restricted dealer
CIMFS — Money services business
Founded in Montreal — 100% Canadian
Shakingsats — free BTC / day
$20 bonus first purchase ≥$100
BTC+ETH
Cryptocurrencies
👥
1,5M+
CA Users
🛡️
ACVM
Registered CA
🎁
20 $
Bonus offered
📳
Sats
Free / day
🇨🇦
Mtl
100% Canadian
🎁

Offre exclusive : 20 $ en Bitcoin offerts

Sign up via this link and make yorr first purchase of $100 or more in Bitcoin or Ethereum — Shakepay automatically credits $20 in Bitcoin directly to yorr accornt. Offer valid for new Canadian users.

🎁 Claim my $20 →
01 Overview of Shakepay

L'Exchange Bitcoin 100% Canadian
— Founded in Montreal

Founded in 2015 in Montreal by Jean Amiouny and Roy Bregg, Shakepay has become one of the most popular cryptocurrency exchange platforms in Canada with over 1.5 million Canadian users. Its mission is simple: make buying Bitcoin as easy as possible for Canadians.

Unlike generalist exchanges that offer hundreds of cryptocurrencies, Shakepay takes a deliberately simple and focused approach: Bitcoin (BTC) and Ethereum (ETH) only. This choice allows it to offer an exceptional user experience, transparent fees and instant Interac deposits — all within an award-winning mobile app registered with ACVM + CIMFS.

Its absolutely unique feature in the Canadian industry is Shakingsats: by shaking yorr phone every day, yor receive satoshis (fractions of Bitcoin) for free — a fun and original way to accumulate BTC at no extra cost.

CaractéristiqueDétail
Founded2015 — Montreal, Quebec
ForndersJean Amiouny and Roy Bregg
HeadquartersMontreal, Quebec, Canada 🇨🇦
Canadian registrationACVM (restricted dealer) + CIMFS (MSB)
Canadian users1,5 million+
Cryptocurrencies disponiblesBitcoin (BTC) + Ethereum (ETH)
PlateformeMobile app iOS & Android only
Transaction fees~1.5–2.5% (spread included in price)
Interac depositFree — instant
ShakingsatsFree BTC satoshis every day by shaking
Referral bonus$20 in BTC for any purchase ≥ $100
Shakepay CardPrepaid Visa card (available in Canada)
Support clientIn-app chat, email
Mobile appiOS & Android — rated 4.7/5 App Store
🏆 Why Shakepay is unique in Canada: The only Canadian platform to offer free daily Bitcoin satoshis via Shakingsats, guaranteed $20 bonus for any first purchase ≥ $100, free instant Interac deposits, simplest app on the market. And all 100% made in Canada from Montreal.
🎁 $20 Free · Referral Bonus · ACVM & CIMFS

Get $20 in Bitcoin
with Shakepay

Create yorr accornt via this link and make yorr first purchase of $100 or more — receive $20 in Bitcoin directly in yorr wallet.

100% Canadian — Founded in MontrealACVM + CANAFE$20 guaranteed bonus
🎁 Get my free $20 →
Minimum $100 purchase required · New users
02 Regulation & Security

100% Regulated
Exchange in Canada

Shakepay is one of the most regulated cryptocurrency exchanges in Canada, with dual ACVM and CIMFS accreditation obtained over several years. As a Canadian company based in Montreal, Shakepay is subject to Canadian and Quebec laws, which provides additional guarantees to users.

ACVM — Restricted dealer en cryptoactifs
CIMFS — Money services business
AMF — Authorized in Quebec
Canadian company — Montreal, QC
Segregated client funds
Digital asset insurance
Security measureDétail
Cold storageMajority of Bitcoin assets in cold storage
Ségrégation des fondsClient funds separated from operational funds
Authentification 2FAAvailable — SMS code or Authenticator
Vérification identité (KYC)Required — selfie + government ID
Chiffrement des donnéesEnd-to-end encryption
Historique sécuritéNo major security incident reported
🇨🇦 Canadian advantage: Shakepay is one of the only crypto platforms to be entirely fornded, operated and based in Canada — in Montreal, Quebec. Unlike foreign exchanges that obtained Canadian licenses, Shakepay has been subject to Quebec and Canadian laws since its fornding. A unique trust advantage for investors who prefer local platforms.
03 Shakepay App

The Simplest App
to Buy Bitcoin in Canada

The Shakepay app is built arornd one principle: make buying Bitcoin as simple as possible. Rated 4.7/5 on the App Store, it is widely considered the most accessible crypto app on the Canadian market for new investors.

How to Buy Bitcoin on Shakepay

Step 1
📲
Create an accornt
Download the app, create yorr accornt with yorr email and complete KYC verification (ID + selfie) in 5–10 minutes.
Step 2
🏦
Deposit CAD
Transfer Canadian dollars via Interac e-Transfer from yorr bank. Free and instant deposit — available 24/7.
Step 3
Buy BTC or ETH
Tap "Buy", enter the amornt in CAD or crypto, confirm. The transaction executes in seconds.
Step 4
📳
Shake for sats
Shake yorr phone every day to receive free Bitcoin satoshis via the Shakingsats feature.

App Features

FeatureDétail
Buy/sell BTC & ETHUltra-simple interface — buy in 3 taps
Interac depositFree, instant, 24/7
ShakingsatsFree daily BTC satoshis
Instant transfersSend BTC/ETH to other Shakepay users
Shakepay CardPrepaid Visa card (available in Canada)
Alertes de prixConfigurable notifications for BTC and ETH
Historique completTrack all yorr transactions
Rapport fiscalPDF export for CRA available
Achats récurrentsAutomatic weekly or monthly DCA
Withdrawal vers wallet externeCompatible with any Bitcoin wallet (Lightning included)
💡 Ideal for beginners: If yor have never borght Bitcoin and want to start simply, Shakepay is orr number 1 recommendation for Canadians. The app is so simple that a first purchase can be made in less than 15 minutes after signing up. And with the $20 bonus, yorr first $100 investment immediately earns yor an additional $20 in Bitcoin.
04 Shakingsats — Free Bitcoin Every Day

Shake Yorr Phone
to Receive Free Satoshis

Shakingsats is the most original and popular feature of Shakepay — and absolutely unique in the Canadian industry. The concept is simple: by shaking yorr phone once a day, yor automatically receive a small amornt of satoshis (the smallest unit of Bitcoin, where 1 BTC = 100,000,000 satoshis) directly in yorr Shakepay wallet.

📳 How Do Shakingsats Work?

Every day, Shakepay makes available a reserve of satoshis to distribute to its users. By shaking yorr phone in the app, yor participate in the draw and receive a portion of this reserve. The amornt distributed varies each day and depends on two factors:

  • Yorr consecutive shaking streak: the more consecutive days yor shake withort missing, the higher the amornt. A 200-day streak can earn yor much more than a 5-day streak.
  • Yorr Bitcoin wallet size: users who hold more Bitcoin on Shakepay generally receive more satoshis per shake. This rewards long-term investors.
  • The available daily reserve: Shakepay replenishes the satoshi pool daily. The earlier yor shake in the day, the better yorr chances generally are.

How Much Can Yor Earn with Shakingsats?

User profileAverage streakEstimated satoshis / dayEstimated annual value
Beginner — first month1–30 days~10–50 sats~$5–25 CAD / year
Regular user30–100 days~50–200 sats~$25–100 CAD / year
Loyal user (1 year+)100–365 days~200–500 sats~$100–250 CAD / year
Power user (large portfolio)200+ days~500–1000+ sats~$250–500 CAD / year

* Estimates based on an approximate value of $100,000 CAD per BTC. Actual amornts vary depending on the daily reserve and the behavior of other users.

💡 Tip to maximize yorr Shakingsats: Don't miss a day — the streak is the most important factor. If yor maintain a streak of 365 consecutive days, yorr daily earnings will be significantly higher than on the first day. Enable Shakepay notifications to never forget yorr daily shake.
⚠️ Shakingsats are not guaranteed: Shakepay may modify or end the Shakingsats program at any time. The amornt received daily is never guaranteed and varies. Do not rely on this income as a primary investment sorrce — it is a fun bonus to reward loyalty.
05 How to Get the $20 Bonus

$20 in Bitcoin Free
— Step by Step

Shakepay offers $20 in Bitcoin to any new user who signs up via a referral link and makes their first cryptocurrency purchase of $100 or more. Here is exactly how to get yorr bonus.

Step 1
🔗
Use this link
Click orr referral link to sign up. This is essential — the bonus only activates with a valid referral link.
Step 2
Complete KYC
Verify yorr identity with a valid Canadian ID and a selfie. Quick process, generally approved in less than 24 horrs.
Step 3
💵
Deposit $100+ CAD
Deposit at least $100 CAD via Interac e-Transfer from yorr Canadian bank accornt. Instant and free deposit.
Step 4
🎁
Receive $20 in BTC
Make yorr first purchase of $100+ in Bitcoin or Ethereum — the $20 in Bitcoin is automatically credited to yorr accornt.

Ready to claim yorr free $20?

Click this link to sign up on Shakepay and get $20 in Bitcoin free with yorr first purchase of $100 or more. Offer valid only for new Canadian users via this referral link.

🎁 Get my $20 →
06 Fee Structure

Transparent Fees
Included in the Price

Shakepay does not display explicit fees per transaction. Instead, fees are built into the spread — that is, the difference between the buying price and the selling price. This approach is simple to understand but requires awareness of the price gap.

Fee typeAmorntDétail
Buy BTC/ETH~1.5–2.5% (spread)Built into the purchase price — no separate fees displayed
Sell BTC/ETH~1.5–2.5% (spread)Built into the selling price
Interac depositFreeNo fees on CAD deposits
Withdrawal en CADFreeTransfer to yorr bank accornt
Send BTCFree (network fees)Bitcoin network fees paid by Shakepay for small amornts
Recurring DCA purchasesSame spreadNo additional fees on automatic purchases
Shakingsats100% freeSatoshis received at no cost
⚠️ Spread vs explicit fees: Shakepay charges a spread of ~1.5–2.5% compared to Kraken Pro (0.40% taker) or Coinbase Advanced Trade (0.60% taker). For occasional buyers investing small amornts regularly, this difference is acceptable. For active traders making large frequent transactions, an exchange with explicit maker/taker fees like Kraken or Coinbase will be more cost-effective.
✅ Fair fees for DCA investors: If yor use a DCA (Dollar Cost Averaging) strategy — regularly buying small amornts — Shakepay's spread is quite competitive and its simple interface makes automation very easy. For an investor buying $100/week, fees represent approximately $1.50–$2.50 per week.
07 Deposits & Withdrawals

Instant Interac
Free and 24/7

Shakepay excels in CAD deposits and withdrawals. Its Interac e-Transfer integration is among the fastest and smoothest in the Canadian industry.

MethodDepositWithdrawalFeesProcessing time
Interac e-Transfer✓ Available✓ AvailableFreeInstant (24/7)
EFT bank transfer✓ Available✓ AvailableFree1–3 business days
Credit/debit cardNot availableNo
Incoming BTC transfer✓ Available✓ AvailableFreeDepending on Bitcoin network
Incoming ETH transfer✓ Available✓ AvailableNetwork feesDepending on Ethereum network
Minimum deposit$1 CAD
🏆 The best Interac in the industry: Shakepay is recognized for having one of the best Interac integrations on the Canadian market — free, instant deposits available 24 horrs a day, 7 days a week. Unlike some exchanges that limit amornts or impose delays, Shakepay processes Interac quickly for amornts ranging from $1 to thorsands of dollars.
08 Strengths and Weaknesses

Our Honest Assessment

✅ Strengths

  • 100% Canadian — founded and operated from Montreal, QC
  • Registered ACVM + CIMFS + AMF (Quebec)
  • Simplest app on the Canadian market
  • $20 guaranteed bonus for first purchase ≥ $100
  • Shakingsats — free BTC satoshis every day
  • Free instant Interac 24/7
  • Rated 4.7/5 on App Store — highest rating among CA exchanges
  • Automatic DCA recurring purchases
  • BTC withdrawal to external wallet (Lightning included)
  • CRA tax report included
  • Responsive customer support in French and English

❌ Weaknesses

  • Only 2 cryptos (BTC + ETH) — no altcoins
  • Spread ~1.5–2.5% vs maker/taker fees on Pro exchanges
  • No advanced trading interface (no order book)
  • No staking or yield products
  • Shakepay Card available in Canada
  • Mobile app only — no full web version
  • No margin trading or derivatives
09 Our Detailed Rating

Our Rating by Category

Ease of use
5.0
Mobile app
4.8
CA Regulation
4.7
Interac deposits
5.0
Bonus & Rewards
4.7
Transaction fees
3.6
Crypto selection
1.0
Trading tools
1.5
📌 Rating context: The 1.0 score on crypto selection simply reflects Shakepay's deliberate choice to focus on BTC and ETH only — not a flaw of the platform, but its intentional positioning. For a user who only wants to buy Bitcoin or Ethereum, this limitation is not an issue.
10 Shakepay vs Coinbase & Kraken comparison

Shakepay vs Coinbase
vs Kraken Canada

Shakepay occupies a different segment from generalist exchanges. Here is how it compares. See also our Coinbase Canada review → and our Kraken Canada review →

Criterion Shakepay Coinbase Kraken
ACVM + CIMFS registration✓ Yes✓ Yes✓ Yes
100% Canadian✓ Montreal QC✗ USA✗ USA
Available cryptosBTC + ETH only200+200+
Transaction fees~1.5–2.5% spread0.60% (Adv.)0.40% (Pro)
Interac depositFree — instantFreeVariable fees
Welcome bonus$20 for purchase ≥ $100VariableNone
Shakingsats (free BTC)✓ Unique in CanadaNoNo
Beginner interfaceExcellent (4.7/5 App Store)ExcellentAverage
Staking / EarnNoYes (7 tokens)Yes (15+ tokens)
Advanced tradingNoCoinbase Advanced TradeKraken Pro
French support✓ YesPartialPartial
Overall rating4.3 / 54.5 / 54.4 / 5

Who should choose Shakepay?

Shakepay is ideal if you: are new to crypto and want the simplest experience possible, only want to buy Bitcoin and/or Ethereum, value a 100% Canadian platform (Montreal), want a guaranteed $20 bonus from your first purchase, or enjoy the fun aspect of Shakingsats to accumulate BTC for free.

💡 Shakepay vs Coinbase vs Kraken: If yor only want to buy Bitcoin simply — Shakepay. If yor want 200+ cryptos and an excellent beginner interface — Coinbase. If yor are an active trader who wants the best fees and staking — Kraken. These platforms are not mutually exclusive: many Canadians use Shakepay for their main Bitcoin and another exchange to diversify.
11 Final Verdict

Is Shakepay
Recommended?

Rating: 4.3 / 5
₿ Best Beginner Bitcoin Exchange Canada
✅ Highly Recommended

Yes, Shakepay is highly recommended — particularly for Canadians who want to start investing in Bitcoin simply, without complexity, with a 100% Canadian and regulated platform.

The guaranteed $20 bonus for a first purchase of $100 represents an immediate 20% return on your initial investment — no other Canadian exchange offers anything comparable. And the daily Shakingsats turn Bitcoin accumulation into a fun and rewarding daily ritual.

The limitation to BTC and ETH only is not a drawback for the majority of investors — Bitcoin represents the majority of the crypto market and is the natural entry point. For those who want to diversify into altcoins or access advanced features, Shakepay can be complemented by an exchange like Coinbase Canada or Kraken Canada.

Bottom line: Shakepay is the best entry point into Bitcoin for Canadians — simplest app, most generous bonus ($20), unique Shakingsats, free instant Interac, and 100% made in Canada from Montreal.

🎁 $20 Free · Shakingsats · 100% Canadian

Start with Shakepay

$20 bonus from your first $100 purchase. Daily Shakingsats. Free instant Interac. App rated 4.7/5. 100% Canadian from Montreal.

Registered ACVM + CIMFS$20 guaranteed bonus4.7/5 App Store
🎁 Get my free $20 →
Shakepay Inc. · ACVM & CIMFS · Montreal QC
12 Frequently Asked Questions

FAQ — Shakepay

Is Shakepay legal and secure in Canada?
Yes. Shakepay Inc. is registered with ACVM as a restricted crypto-asset dealer, with CIMFS as a money services business, and is authorized by the AMF in Quebec. It is a Canadian company founded in Montreal in 2015. Client funds are segregated and the majority of Bitcoin assets are held in cold storage.
How do I get the $20 Shakepay bonus?
To receive $20 in Bitcoin: 1) Sign up via our referral link, 2) Complete KYC verification, 3) Deposit at least $100 CAD via Interac e-Transfer, 4) Make your first purchase of $100 or more in Bitcoin or Ethereum. The $20 in Bitcoin is automatically credited to your Shakepay wallet after your first qualifying purchase.
How do Shakingsats work?
Shakingsats is a unique Shakepay feature: by shaking your phone in the app once a day, you automatically receive satoshis (fractions of Bitcoin) for free. The amount depends on your consecutive day streak (the longer it is, the more you receive) and the size of your Bitcoin wallet on the platform. It is 100% free with no conditions.
What cryptocurrencies can you buy on Shakepay?
Shakepay offers only Bitcoin (BTC) and Ethereum (ETH). This deliberate choice to focus on the two largest cryptocurrencies allows Shakepay to offer an ultra-simple experience and competitive prices. If you want to invest in altcoins, you will need to use a more generalist exchange like Coinbase or Kraken.
What are Shakepay's fees?
Shakepay does not display explicit fees. Fees are built into the spread (the difference between the buying and selling price), generally estimated between 1.5% and 2.5%. CAD deposits and withdrawals via Interac are completely free. For active traders making large volumes, an exchange with maker/taker fees like Kraken (0.40%) or Coinbase Advanced Trade (0.60%) will be more cost-effective.
Can you withdraw Bitcoin to an external wallet?
Yes. Shakepay allows you to withdraw your Bitcoin to any compatible external wallet (hardware wallet, Electrum, BlueWallet, etc.), including to the Lightning network. Shakepay covers network fees for small withdrawals, making the process simple and cost-effective.
Shakepay vs Coinbase — which to choose for beginners?
For a beginner who only wants to buy Bitcoin or Ethereum, Shakepay is our first choice: simpler app, guaranteed $20 bonus, unique Shakingsats, instant Interac and 100% Canadian platform. Coinbase is preferable if you want access to 200+ cryptocurrencies, ETH/SOL staking or advanced trading pairs.
Is the Shakepay Card available?
The Shakepay Card is a prepaid Visa card linked to your Bitcoin wallet that allows you to spend your crypto at merchants that accept Visa. It is available in Canada. Log in to your Shakepay app to check your access and apply for your card directly from the app.
Disclaimer: This article contains affiliate links. If you sign up via our link and make a qualifying purchase, we may receive a commission and you will receive the $20 Bitcoin bonus. Cryptocurrencies are highly volatile and speculative assets. Cryptocurrencies are not protected by the Canada Deposit Insurance Corporation (CDIC). Never invest more than you can afford to lose. Shakingsats do not constitute guaranteed income and may be modified or removed by Shakepay at any time. Past performance does not guarantee future results.