Will you be lending out customers’ funds?

With Shakepay Earn your funds are not pledged, repledged, hypothecated, rehypothecated, sold, lent, or otherwise transferred, invested or used in any manner.

Your funds are never locked or taken out of your Shakepay account and you’re welcome to withdraw, spend or convert them into crypto at any time you like!


What is Shakepay Earn?

Shakepay Earn allows you to earn bitcoin rewards on your first $1,000 that you hold on Shakepay. You can earn 4% APR on the first $1,000 of your CAD balance. Rewards are calculated daily on your lowest balance and paid out weekly.

You have an opportunity to earn an even higher APR for the first 3 months of the product launch by participating in the waitlist challenge and inviting others!

Please note, With Shakepay Earn your funds are not pledged, repledged, hypothecated, rehypothecated, sold, lent, or otherwise transferred, invested or used in any manner.

Your funds are never locked or taken out of your Shakepay account and you’re welcome to withdraw, spend or convert them into crypto at any time you like!


How much will I earn once I join Shakepay Earn?

Shakepay Earn allows you to earn bitcoin rewards on your first $1,000 that you hold on Shakepay. Rewards are calculated on your lowest daily balance and paid out weekly. APR means Annual Percentage Rate. This means a rate that you earn per year.

Keep in mind that you can earn additional APR by joining the waitlist and inviting others!

Waitlist rewards:

  • The top wave of point-getters will get 8% APR in bitcoin rewards for the first 3 months

  • The second wave of point-getters will get 7% APR in bitcoin rewards for the first 3 months

  • The third wave of point-getters will get 6% APR in bitcoin rewards for the first 3 months

  • All other wait-listers will get 5% APR in bitcoin rewards for the first 3 months

  • After 3 months, waitlister rewards will return to the regular rate of 4% APR

  • Heads up! Not all waves will start at the same time, so moving up the list also gets you stacking sooner

Here’s a breakdown of how you can accumulate points to have a higher placement on the waitlist:

Waitlist points

  • Earn 69 points, just for joining the waitlist

  • Earn 1 point for every $10 in your CAD balance (up to $1,000), every day

  • Earn 69 points for every friend you send an invite to

  • Earn 420 points when someone accepts your invite

  • Earn 420 points for accepting an invite from someone else

  • Heads up, super-spammers! We capped invites to 5 at a time

Basically, if you’re anywhere on the waitlist—even dead-last—you’ll earn bonus rewards that non wait-listers won’t.


How do I join the Shakepay Earn waitlist?

Getting on the waitlist is easy! Just tap on the Shakepay Earn waitlist button found inside your CAD wallet and tap the “Join the waitlist” button! You will then be enrolled in the waitlist as well as receive 69 points for doing so!

Alternatively, you can join the waitlist by receiving an invite from another waitlister. Doing so will grant you 420 points towards receiving higher bitcoin rewards at the launch of Shakepay Earn. We recommend checking out our Discord community to see who is sending out invites to the waitlist ;)

Please note, you must have the latest version of the Shakepay app. If you do not see the Shakepay Earn waitlist button found inside your CAD wallet, that most likely means that your app is not up to date.

To update the Shakepay app, go into the app store on your phone and check if there are any updates for the Shakepay app ready to be installed.

Another way to do this is to delete the app off of your phone, reinstall it, and then log back in (do not worry, all your funds will be safe).


I don’t like using social media and don’t have crypto friends, can I still participate in the waitlist?

Not to worry! Even if you aren’t able to invite others, you can still participate in the waitlist by joining and holding funds in your Shakepay CAD wallet. For every $10 in your CAD balance, you will earn 1 point every day for a max of 100 points per day! You will also receive 69 points in the process!

Just tap on the Shakepay Earn waitlist button found inside your CAD wallet and tap the “Join the waitlist” button!


How is Shakepay able to pay me rewards on funds held on the platform?

Shakepay is able to gift you a bitcoin reward for the funds held on the platform the same way we are able to award you sats for shaking and cashback on your card purchases.

In short, we are just really generous and value you as a customer! 🙂


Is there a minimum amount I need to keep during the waitlist?

Shakepay Earn waitlist allows you to earn 1 point daily for every $10 in your CAD balance. So while you do not need to have a minimum balance, it helps to earn more points if you do :)

Example: If you keep at least $100 in your CAD wallet daily then you will receive at least 10 points/day.

Keep in mind that there is a maximum limit of $1,000 that points can be earned on. So even if you have $1,200 in your CAD balance, you will only earn points on the first $1,000.


When will the waitlist end?

We expect to launch with the first wave soon. Keep an eye on our socials like Discord and our Twitter @shakepay for the Shakepay Earn launch date.


Is there anything I can do to invite more people?

We really appreciate your enthusiasm and definitely value you as a loyal Shakepay customer :)

In order to limit the number of “spam” invites we are capping them at 5 pending invites at a time. So if you have sent 5 invites then that will be the max until at least one person accepts or rejects an invite. Or until you, as the sender, revoke an invitation.


I don’t see Shakepay Earn in the CAD wallet of my Shakepay app

This is most likely due to your Shakepay app being out of date.

Please ensure you’re using the latest version of the Shakepay app by going into the app store on your phone and checking if there are any updates available for the Shakepay app.

Another way to do this is to delete the app off of your phone, reinstall it, and then log back in (do not worry, all your funds will be safe).


What does APR mean?

APR means Annual Percentage Rate. This means a rate that you earn per year. If you are participating in the Shakepay Earn waitlist, you have the opportunity to earn 5% to 8% APR in bitcoin rewards on the first $1,000 of the CAD balance you hold on Shakepay for the first three months of Shakepay Earn. After three months you will earn a standard 4% APR.

Your funds are not pledged, repledged, hypothecated, rehypothecated, sold, lent, or otherwise transferred, invested or used in any manner. And don’t worry, you don’t need to keep your funds on Shakepay for a full year to benefit from Shakepay Earn - your rewards get calculated as of the day after you sign up!



Related articles:

How do I add CAD to my Shakepay account?

How to verify my account?

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