By: Alex Dabek

Last Updated: Jul 6, 2021

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If you’re looking for some free Bitcoin, you’ve come to the right place!

I researched and vetted legitimate ways to earn free Bitcoin in Canada and rounded them up into this list.

These won’t pay you life-changing income, but you can earn $30-$150/month, just like me, by combining these free products and websites. If that interests you, take advantage while these offers last!


#1. Do Simple Tasks

Shakepay ShakingSats

- Earnings: $10-$30/month

Shakepay ShakingSats Program

Shakepay, one of Canada's most popular crypto exchanges, lets you shake your phone every day to get free Bitcoin automatically deposited into your account. The daily reward starts at only 100 Satoshi's but if you build you streak, it goes up to 1000 Satoshi's per day.

It's a free, no-effort way to earn up to 30,000 Satoshi's per month which equals $10-$30/month depending on Bitcoin's price. Just don't break your streak or it will reset to zero! To be eligible, you must sign up with a referral link or refer a friend to Shakepay.

Coinbase Rewards

- Earnings: $2-$50 total

Coinbase Earn Example

Screenshot: I made $10 learning about Stellar Lumens (XLM)

Coinbase, one of the world's largest crypto exchanges, will pay you to watch 2-5 minute educational crypto videos. After watching a video, there’s a 2-3 question quiz and then you're automatically paid which you can keep, trade for Bitcoin or cash out.

There is a limited number of videos you can watch but you can earn up to $50 in one sitting while learning about different crypto projects. To do it, sign up for Coinbase and go to the “Earn Rewards” tab.

Get Paid To Try Products

- Earnings: $5-$250 per product

Company

Description

Offer

Newton Crypto Exchange

Newton

Canadian crypto exchange

$25 free when you trade $100

NDAX Exchange

NDAX

Canadian crypto exchange

$10 free when you trade $100

Wealthsimple Trade Crypto Logo

Wealthsimple Trade

All-in-one crypto and stock trading app

$25 free when you trade $100

Mogo

Prepaid Visa card with 2% Bitcoin cashback

$10 free for signing up

BlockFi

BlockFi

Crypto interest account that pays up to 9.3% APY

Up to $250 free on your first deposit

Table last updated: June 28, 2021

If you like trying new products and want free Bitcoin, then you can sign up for apps that offer sign up bonuses like in the table above. There's many well-funded and growing companies that will literally pay you to try their products via sign up bonuses. For example, most crypto exchanges will pay you a $25 bonus when you buy $100 of crypto. You can sell your $100 right away and still get your bonus for free.

Send Referral Links to Friends

- Earnings: $5-$50 per person

Similar to the point above, most companies will pay you to invite friends to the platform. If there’s a crypto product or crypto exchange that you love to use, chances are they have a refer-a-friend program. The bonuses depend on the company but usually range from $5-$50. Best of all, you both get rewarded most of the time and it’s completely free.

Take Quizzes on Coinsmart

- Earnings: 1000 Sats (~$0.40-$1.00) per quiz

Coinsmart, a Canadian crypto exchange, has launched SmartRewards where you can read articles, answer short quizzes, and get paid 1000 Sats per quiz. At the time of this writing, there are 20 quizzes ready to be taken if you're looking to learn and earn. A Coinsmart account is required to get paid. Sign up to get $15 free when you sign up and deposit $100.


#2. Get Cashback Rewards

Mogo Canada

Mogo Platinum Prepaid Visa

- Earnings: 2% Bitcoin Cashback on ALL Purchases

Since we spend money anyways (on groceries, goods, services) we might as well maximize it and get paid for it. MogoCard is a free prepaid visa card for Canadians that gives you an astonishing 2% back in Bitcoin on every purchase you make. It’s a prepaid card so it doesn’t affect your credit score or let you go into debt.

A 2% discount on every purchase you make is one of the best ways to start squeezing money (and now Bitcoin) back into your pocket.

Crypto.com App

Crypto.com Credit Card

- Earnings: 1%-8% CRO Cashback

Crypto.com has 5 different cashback credit cards. Their free card, the Midnight Blue, is a visa that gives you 1% cashback on all purchases. The rewards are paid in CRO tokens which can be converted to Bitcoin afterwards.

And for higher rewards, like free Spotify and 2% cashback, you can deposit $500 which you get back 6 months later. And if you want to deposit even more for 6 months, you can check out the 3%-8% cashback credit cards which are pretty insane.

Coinmiles

Coinmiles

- Earnings: 1%-20% cashback at eligible stores

CoinMiles is a free app that lets you earn Bitcoin rewards when shopping at hundreds of stores. When you link your credit or debit card, you will automatically earn Bitcoin at eligible stores. The rewards range from 1% to 20% or more depending on the offer.

In-store shopping rewards are instant but online-shopping rewards take 30-120 days to show up in your account. Combine this with the MogoCard or Crypto.com Card above for max rewards! 


#3. Put Your Crypto to Work

BlockFi

BlockFi

- Earnings: Up to 5% APY on Bitcoin, up to 9.3% APY total

BlockFi is a popular finance app that lets you earn compound interest on your crypto paid out monthly. Just deposit your crypto into BlockFi’s interest account and start earning up to 9.3% APY on day one.

BlockFi lends out your funds on overcollateralized terms and is a centralized company. So there are risks involved so make sure to do your research.

Binance Exchange

Binance Earn

- Earnings: Wide range from 0.5%-65% APY

Binance Earn pays you interest for HODLing your Bitcoin as well as stablecoins, altcoins and more. It can be accessed inside your Binance account which only requires an email to sign up (Binance is not available in Ontario anymore).

Under the “Earn” tab you can explore dozens of financial products with different yields and risk levels to choose from. These products range from saving, staking, becoming a liquidity provider, and much more. Make sure to do your research before trying this.


In Summary

I’ve been combining some of these to make $30-$150 every month and you can too.

Depending on your risk tolerance and what you like, there's a variety of ways to earn free Bitcoin out there.

Always do your research and hopefully, you can take advantage of these offers while they last!

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