Get Bitcoin in Canada with #ShakingSats
People approach us all the time to ask us how they can get Bitcoin. In Canada, Bitcoin is relatively easy to acquire, especially with a service called ShakePay. Bitcoin doesn’t have to be complicated, and thats the main reason we like ShakePay, they make acquiring Bitcoin in Canada extremely easy! To top it all off, they have a rewards program called #ShakingSats that lets you shake your phone once per day and earn Bitcoin. Lets break this down so you can start shaking your phone!
What is #ShakingSats?
Satoshi - The smallest unit of a Bitcoin
Just like how every dollar is divided into 100 pieces called cents. Every Bitcoin is divided into 100 million pieces called satoshis. ShakingSats is ShakePay’s rewards program that incentivizes people to log in, and use their app on a daily basis. The hash tag (#) is an homage to Bitcoin Twitter, and a viral marketing tactic used to make #ShakingSats known in the Bitcoin world.
How Much Bitcoin Do I Get For Shaking?
More and more for each consecutive day.
For every consecutive day that you log in and shake your phone, you will earn more Bitcoin than the day before. You will start somewhere around 200 Satoshi* ($.15) and work your way up from there. Even if that number didn’t rise, $.15 * 30 is $4.50 per month that you didn’t have before. One of the implications of receiving Bitcoin is that as the price of Bitcoin rises, so too does the value of your daily rewards.
*the amount of Satoshis you receive is subject to change based on the sole discretion of ShakePay.
Is There a Limit to the Amount of Bitcoin I Can Receive?
Yes. Eventually, you will have shaken your phone so many days in a row that ShakePay will cap the amount of Satoshis they give you.
For me, I hit that limit after day 200. I was getting 2500 Satoshis every day which is about $1.50. Not bad for simply shaking your phone.
As the price of Bitcoin rises, ShakePay reduces the amount of Bitcoin they give to their users. After all, you can’t give out unlimited free Bitcoin forever. At the end of the day, ShakePay is running a business, and this is their advertising campaign.
Eligibility for #ShakingSats
In order to be eligible to shake your phone for free Bitcoin, you must do one of two things.
Use a ShakePay Referral Code to sign up (Use ours or a friend’s)
Refer someone else to ShakePay using your own referral code
Without doing one of these two things, you won’t be eligible to shake your phone and earn through #ShakingSats. There is one last bonus. If you buy $100 worth of Bitcoin on ShakePay after using a referral code, both you and your friend will earn $30. Lastly, You must be Canadian. In order to sign up on ShakePay, you need a valid Canadian drivers license or Passport.
Our Advice for Bitcoin Newcomers
The number one piece of advice that we give to people when they approach us wondering how to get Bitcoin, is this.
Get Off ZERO
What does it mean to get off Zero? It means go out and get yourself a little bit of Bitcoin. One misconception that people often have is that you have to buy a full Bitcoin. This is not true, as we covered earlier, one Bitcoin can be divided into 100 million pieces called Satoshis. So you don’t have to buy a full Bitcoin, you can buy $.10, $1.00, or $10.00 worth. People inevitably decide to learn more about something if they have ownership over it. Just a little bit of Bitcoin is all that is needed in order to trigger your curiosity.