Coinmiles Review

Coinmiles is a free rewards app that turns spending into investing. When you shop at your favourite stores, you’ll earn cashback in the form of Bitcoin.

Updated: Jan 20, 2024

Coinmiles Review


  • 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.
  • While you can earn Bitcoin for free, the reward takes a long time to show up in your account.
  • I've been using Coinmiles since 2021 and this review will tell you if it's worth it and everything you need to know.

What Is Coinmiles?

Coinmiles Screenshots

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. If you've heard of Lolli in the US, this is the Canadian version.

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."

Things To Know

  • 50,000+ Canadians signed up
  • 1,000+ online stores supported
  • Over 900,000 hotels supported
  • Founded in 2017

Coinmiles Overview

Reward Amount

Typically 1%-5%, as high as 30%

Reward Type


Stores Available


Withdrawal Methods

Send to Bitcoin address or send cash via e-transfer

Minimum Withdrawal

$20 BTC equivalent or $25 Canadian dollars

Pros & Cons

  • Free app and free rewards
  • Easy way to earn more Bitcoin
  • 1,000+ stores so far
  • Maximize every dollar you spend
  • 60 seconds to sign up
  • Can combine rewards with a credit card
  • Online rewards take 30-120 days to show up
  • Only useful if it has the stores you shop at
  • Minimum $20 to withdraw which could take a long time to earn
  • In-store offers are extremely limited
  • Many exclusions on the brands available
  • Sometimes transactions don't show up and must be manually added

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.

How Does It Work?

How Coinmiles Works

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. 

Stores & Rewards

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:


Cashback Amount


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%


Up to 5.3%

Up to 10%


Up to 5%


Up to 4%


Up to 20%


Up to 6%


Up to 25.5%

Coinmiles Alternatives

The faster way to earn Bitcoin rewards is with a crypto rewards 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.

Shakepay Card

  • 1%-2% unlimited Bitcoin cash back
  • Virtual card only
  • Payouts in 24-48 hours Visa

If you want the highest cash back and don't mind earning CRO, 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

The Bottom Line

If Coinmiles supports the stores you shop at, it’s a great way to accumulate 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 rewards 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 double up your 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


Get 10,000 Sats for free when you make a qualified purchase within 120 days


Do I Need to Link a Credit Card?

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.

Why Does It Take So Long To Get Rewards?

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.


Alex is the owner of, where he covers all things finance, Web3, and cryptocurrency. He has been investing in Bitcoin and cryptocurrencies since 2017.

🔥 Crypto Tools

Best No KYC, No VPN exchange (Up to 200x leverage)

Avoid geo-blocks and protect your IP address (86% Off)!

Hunt the most anticipated crypto airdrops!

Trade up to 100x leverage ($30,000 in bonuses)! 

Build an audience of thousands of crypto investors

Keep Reading

60+ Tools for Web3

Grab our ultimate list of tools covering Airdrops, DeFi, Bitcoin, and everything in-between!