Coinmiles is a free rewards app that turns spending into investing. When you shop at your favourite stores, Coinmiles will give you cashback in the form of Bitcoin.
I've been using Coinmiles since May 2021 and this review will tell you if it's worth it and everything you need to know.
 Coinmiles OverviewUpdated: May 14, 2022 |
Reward AmountTypically 1%-5%, as high as 30% |
Reward TypeBitcoin |
Stores Available1,000+ |
Withdrawal MethodsSend to Bitcoin address or send cash via e-transfer |
Minimum Withdrawal$20 BTC equivalent or $25 Canadian dollars |
Pros & Cons
What Is Coinmiles?
Updated: May 14, 2022
Coinmiles is a Canadian rewards app that lets you earn Bitcoin when you shop in-store or online at your favourite brands. They have over 1,000 partner stores and pay you around 1%-5% cash back when you shop through the Coinmiles website.
The company was founded in 2017 and has 5-10 employees according to their LinkedIn profile. Their mission is, "to make Bitcoin easier and more popular than loyalty points."
Some Stats
- 50,000+ Canadians signed up
- 1,000+ online stores supported
- Over 900,000 hotels supported
- Founded in 2017
Screenshots
Updated: May 14, 2022
How It Works
Updated: May 14, 2022
1) Make An Account
Coinmiles takes under 60 seconds to get started. All you need to sign up is your name and email address and then confirm your email.
2) Start Shopping
There are two ways to earn, in-store shopping and online shopping:
Online Shopping - To earn online rewards, open the Coinmiles app or website and click on the brand you want to shop at. You will be redirected to the website using a special Coinmiles link that will track your rewards.
In-Store Shopping - To earn in-store, you must link your credit or debit card. When you buy something at participating stores, Bitcoin will be credited in your account.
3) Earn Bitcoin Rewards
After making an eligible purchase, most transactions show up within 24 hours. In-store offers are usually instant. For online shopping, most rewards are allocated within 24 hours but in some cases can take 30-120 days to be deposited.
How Does Coinmiles Make Money?
Coinmiles partners with brands and gets a commission for every eligible purchase you make through their app. Coinmiles keeps some of this commission and also shares some with you. In this way, everyone wins. The store, Coinmiles, and you all earn money.
Stores & Rewards
Updated: May 14, 2022
As of May 2022, Coinmiles has over 1,000+ stores and most of the rewards available are online only. Here are some of the popular brands and offers currently:
Store | Cashback Amount |
|---|---|
Walmart | Up to 1% |
Best Buy | Up to 0.5% |
Canadian Tire | Up to 2% |
Shoppers Drug Mart | Up to 1.5% |
H&R Block | Up to 5% |
Microsoft | Up to 5.3% |
AirportParking.com | Up to 10% |
Groupon | Up to 5% |
Agoda | Up to 4% |
NordVPN | Up to 20% |
Mark's | Up to 6% |
DHGate | Up to 25.5% |
Coinmiles Alternatives
Updated: May 14, 2022
The faster way to earn Bitcoin rewards is with a crypto credit card. You'll receive payment in 24 to 48 hours and earn cash back with every purchase instead of select stores. Use Coinmiles along with this to receive double rewards.
Crypto.com Visa
If you want the highest cash back and don't mind earning CRO, Crypto.com Visas are the best crypto rewards cards for Canadians.
- Up to 5% rewards (but you need to stake CRO to get higher rewards)
- Other perks like free Spotify, Netflix, Airbnb rebates and more
- Payouts within 36 hours
We found 9 crypto reward cards eligible in Canada that we are tracking. You can compare all of them below:
Name | Cash Back Rate | Cash Back Form | Annual Fee | Payout Frequency | Website |
|---|---|---|---|---|---|
1% | BTC | Free | 24-48hrs | ||
50 Sats | BTC | Free | Once a month | ||
 Netcoins Pay(#1 overall) | 1% | BTC | Free | Once a month | |
5% | CRO | Stake $500k for 6mos | 36 hours | ||
3% | CRO | Stake $50k for 6mos | 36 hours | ||
2% | CRO | Stake $5k for 6mos | 36 hours | ||
1% | CRO | Stake $500 for 6mos | 36 hours | ||
0% | CRO | Free | 36 hours | ||
1% | Crypto, stocks or cash | Free | 7-9 days |
The Bottom Line
Updated: May 14, 2022
If Coinmiles supports the stores you shop at, it’s a great way to earn Bitcoin absolutely free. All you have to do is remember to open the app before you make a purchase online. The main drawback is online rewards take 30 to 120 days to show up.
The faster way to earn Bitcoin rewards is with a crypto credit card. You'll receive payment in 24 to 48 hours and earn cash back with every purchase instead of select stores. Use Coinmiles along with this to receive double rewards.
Who Should Use Coinmiles?
- If they have the stores you shop at frequently
- If you want to maximize every dollar you spend
- If you spend lots of money every month
- If you will use it consistently, otherwise you won't earn much
Who Should Not Use Coinmiles?
- If it doesn't have the stores you shop at
- If you don't care for 1%-5% back on select purchases
- If you don't spend lots of money
Coinmiles
Get 10,000 Sats for free when you make a qualified purchase within 120 days
Coinmiles FAQ
Updated: May 14, 2022
You only need to link a credit or debit card for in-store shopping rewards. For online shopping on Coinmiles, you don't need to link a credit card. You just need to remember to open the Coinmiles app before spending money online.
In-store rewards should be instant but online transactions can take 30 to 120 days to show up. According to Coinmiles, merchants have to verify your purchase and make sure it extends past the return period in order to get paid.
Coinmiles
Get 10,000 Free Satoshi's