Most referral programmes are about acquisition dressed up as generosity. StockYatra’s is unusually straightforward, because the thing it hands out cannot be spent anywhere: virtual coins on a paper market. It is a learning incentive, and it is designed like one.
Who gets what
| New trader | You (the referrer) | |
|---|---|---|
| Welcome coins at signup | 10,000 | — |
| Bonus when they verify | +2,000 | +5,000 |
| Starting balance | 12,000 | — |
| Limit on referrals | — | None stated |
| Real money involved | No | No |
The mechanics: share your code from the app. Your friend signs up with it and verifies their email or phone. The moment they verify, both bonuses are credited. That verification gate is deliberate — it is the same one-time step that unlocks Global chat, friends and direct messages, and it stops throwaway accounts from farming coins.
Why this is a learning feature, not a marketing one
Ask anyone who has stuck with a practice habit and they will usually name a person, not an app. StockYatra’s community update made that person easy to find; Refer & Earn makes them easy to bring. The friend you invite lands with a bigger cushion — 12,000 coins — so their first mistakes are cheaper. You get 5,000 coins, and five verified referrals unlock the Community Builder badge on your profile and the Influencer achievement on the web terminal (see achievements and the Trader Card).
The result is a study group that costs nothing to form. Our guide to finding a trading study partner shows what to do with it once it exists.
Every way to earn coins without buying any
StockYatra’s mobile app does not sell coins at all — purchasing is switched off on purpose. The in-app message says it plainly: every account starts with 10,000 free coins; earn more by completing courses, passing quizzes and climbing the leaderboard. Here is the full list.
- Welcome grant — 10,000 coins the moment you sign up. No KYC, no demat, no broker.
- Join via a friend’s code — +2,000 when you verify.
- Refer friends — +5,000 for each friend who verifies.
- Rate the app — a one-time 5,000-coin bonus, now available right inside the app.
- Trade well — your paper P&L is coins, and it is what the leaderboard ranks. There is still no per-trade fee.
- Learn — the academy’s courses, lessons and quizzes earn XP and levels, and the whole Foundations track is free.
Web users who want more room right away can top up — Rs 1 = 10 coins, up to Rs 1,000 — but that is optional and one-off, never a per-trade charge, and it is not available in the mobile app.
StockYatra in late 2026: what has changed since this was written
StockYatra keeps shipping, so here is the current picture in one place. Everything below is free — there is no premium tier, no subscription, and real money is never required.
- Three markets, one wallet. Nepal’s NEPSE (31 stocks, Rs.), India’s NSE (30 large caps, ₹) and US stocks on the “Forex” board (30, $) — 91 live-simulated stocks from the same 10,000 starting coins. How the three boards work.
- A community inside the app. Global chat for every verified trader, friend requests, private direct messages and the Yatra Users directory. The community update.
- Yatra Bazaar. A cosmetics shop — frames, titles, banners, chat bubbles, name colours and trophies — paid for only with coins you earned by trading and learning, then equipped, gifted or pinned on your profile. Inside the Bazaar.
- Everything else still free. Rs 0 per trade, the 57-course academy, leagues and the live leaderboard, achievements and the Trader Card, price alerts, watchlist and session replay — on iOS, Android and the web terminal with one account. Why it is Nepal’s top paper trading app · the complete feature list.
Keep reading: StockYatra is now social · How to find a trading study partner · Achievements and the Trader Card · Free to trade, forever
StockYatra is an educational paper-trading simulator. Coins are virtual, have no monetary value and cannot be withdrawn or exchanged for money. StockYatra does not facilitate the buying or selling of real securities and does not constitute investment, financial or trading advice. Market data is for learning purposes only.
Frequently asked questions
How does StockYatra Refer & Earn work?
Share your referral code. When a friend signs up with it and verifies their email or phone, they receive 2,000 bonus coins on top of the 10,000 welcome grant — 12,000 to start — and you receive 5,000 coins. Both bonuses land as virtual coins on the paper market.
Is there a limit to how many friends I can refer?
No limit is stated in the app. Each friend who verifies earns you 5,000 coins. Five verified referrals also unlock the Community Builder badge on your profile and the Influencer achievement on the web terminal.
Can I convert referral coins to money?
No. Coins are virtual, have no monetary value and cannot be withdrawn, transferred, refunded or exchanged. They only give you more room to practise. Refer & Earn is a learning incentive, not an income scheme.
Why does my friend have to verify first?
To keep the programme honest. Verification — a one-time email or phone step — is the same gate that unlocks Global chat, friends and direct messages, and it stops throwaway accounts from farming bonuses.
What other ways are there to earn coins?
Every account starts with 10,000 coins. You can earn more by trading well, rating the app once (5,000 coins), and referring friends. The academy and quizzes earn XP and levels. In the mobile app buying coins is switched off entirely — you earn them.
Is the referral bonus available on iPhone and Android?
Yes. Refer & Earn shipped in the StockYatra app on both the App Store and Google Play, alongside the shareable Trader Card and in-app rating.
