Canada · 2026

Crypto sign-up bonuses in Canada

Kraken, Shakepay and Coinbase each pay new users a bonus for joining with a referral code. This page shows what each one really pays, what you have to do to get it, and where people get caught.

Checked at the source on November 2, 2026

At a glance

Platform	You get	What you do	Code
Kraken	$45 to $350 CAD, random	Cash deposit, then $200 CAD of crypto within 30 days	y98wg8gf
Coinbase	$30 CAD in bitcoin	A first transaction of $30 CAD or more	LF9G85G
Shakepay	$20	Buy $100 of bitcoin or ether	59M8EV7

The three offers

Kraken

$45 to $350 CAD

A "mystery reward" drawn at random, paid in crypto. You and the person who referred you each get one.

y98wg8gf

Sign up in the Kraken app and enter the code y98wg8gf, or open my link.
Verify your identity with Canadian ID. Kraken asks for ID from the same country you picked at sign-up.
Deposit Canadian dollars (not by card), then buy $200 CAD of crypto. Several smaller buys are fine.

Trap: Skipping the code during sign-up, then looking for a place to add it. There isn't one.

Coinbase

$30 CAD in bitcoin

The same amount for you and for me, about 48 hours after your first transaction.

LF9G85G

Open coinbase.com/join/LF9G85G and create a new account from that page.
Verify your identity.
Make a first transaction of $30 CAD or more by bank transfer, debit or credit card.

Trap: Creating the account somewhere else, then using the link. The referral is tied to the account made from the link.

Shakepay

$20

For you and for me, once you've bought $100 of bitcoin or ether, in one purchase or several.

59M8EV7

Sign up for Shakepay and enter the code 59M8EV7.
Verify your phone, your email and your ID.
Deposit Canadian dollars, then buy $100 of bitcoin or ether.

Trap: Stopping at $99. The total has to reach $100.

Full guide →

Latest changes

November 2, 2026Kraken
The Kraken app now shows a mystery reward of $45 to $350 CAD for both people, after a cash deposit and $200 CAD of crypto. Kraken's help article still describes a fixed $20 bonus; the app's offer is the one that applies.
November 2, 2026Coinbase
The Coinbase app says the $30 CAD bonus arrives about 48 hours after the first transaction. In September, the wait was 5 to 15 days.
October 27, 2026Shakepay
Shakepay updated its rewards terms. The referral bonus stays at $20 each for sign-ups since March 7, 2024.

See the full offer history →

Which one fits you?

Smallest purchase

Coinbase asks for a $30 CAD transaction.

Biggest possible amount

Kraken goes up to $350 CAD, but the amount is random and starts at $45.

Forgot your code at sign-up

Only Shakepay lets you add it later, within 30 days.

Before you sign up

You live in Canada and have Canadian ID.
It's your first account on that platform. Each bonus is for new users only.
You have the code or link ready before you start.
You can do all three: they are separate companies.

Questions

Is the Kraken amount really random?

Yes. The Kraken app shows a reward between $45 and $350 CAD, drawn at random, for both people.

How fast do the bonuses arrive?

Coinbase pays in about 48 hours. Shakepay usually within a day, up to 5 business days. Kraken within 14 days.

Are these bonuses taxable?

The CRA doesn't say anything about the bonus itself. Selling or trading the crypto you receive is a disposition, and generally half of the capital gain is taxable. This isn't tax advice.