If you’re looking for free Bitcoin, you’re in the right place. I researched and vetted legitimate ways to earn free Bitcoin in Canada and rounded them up into this list. From performing micro tasks and claiming airdrops to learn and earn programs and referral codes, there are many ways to earn free rewards.
While these won't generate life-changing income, you can still earn $30-$150/month by combining some of these offers. Let's jump in, and remember, always do your own research before trying any of these products.
1. Do Simple Tasks
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 goes up to 1000 Sats per day as you build your streak.
It's a free, no-effort way to earn up to 30,000 Satoshi's per month which equals $1-$20/month depending on Bitcoin's price. Just don't break your streak or it resets at zero! To be eligible, you must sign up with a referral link or refer a friend to Shakepay.
Coinbase Learn & Earn
Earnings: $2-$50 total
I made $10 learning about Stellar Lumens (XLM)
The Coinbase Learn & Earn program pays you for watching short crypto videos and then answering a few questions. When you're done, the token is automatically credited to your account, which means you can keep it, trade it for Bitcoin or cash it out.
The number of videos you can watch is limited, but you can earn up to $50 in one sitting while learning about different crypto projects. To get started, sign up with Coinbase and find the "Earn Rewards" tab. Check out more learn and earn programs in this post.
Earnings: $20 per quiz (Varies)
Similar to Coinbase, CoinMarketCap Earn pays you to learn about cryptocurrency projects. How does it work? Just watch videos, complete a quiz, and get paid. To claim your rewards, you must have a verified Binance account.
Claim Sign-Up Bonuses
Earnings: $280 for these products
Canadian crypto exchange
$30 free when you deposit $100
Canadian crypto exchange
$30 free when you trade $100
Canadian crypto exchange
$40 free when you deposit $250
Global crypto exchange
Up to $50 free for doing various tasks
Stock and crypto brokerage
$25 free when you trade $100
Offers updated: May 11, 2022
If you enjoy trying new products, you can sign up for apps that offer sign-up bonuses, like those in the table above. There are countless well-funded and reputable companies that offer these incentives to try their products. All you have to do is go claim it which takes 10 minutes or less!
Send Referral Links to Friends
Earnings: $5-$50 per person
Similar to the point above, most companies will pay you for inviting friends to their platform. If there’s a crypto platform that you love to use, chances are they have a referral program. The bonuses usually range from $5-$50. It's also entirely free, and both of you get rewarded most of the time.
2. Get Cash Back Rewards
Bitcoin & Crypto Visa Cards
Earnings: 1%-5% cash back
Canada has a variety of crypto rewards cards. Some pay you in Bitcoin and some pay you in other cryptocurrencies. With just 15 minutes and set up, you can be adding a little bit of crypto to your portfolio every time you spend.
Since we spend money anyways (on groceries, goods, services) we might as well maximize it and get paid for it. Rather than getting traditional credit card reward points, you can start accumulating assets that have the potential to appreciate in value.
We found 9 crypto credit cards eligible in Canada that we are tracking. You can compare all of them below:
Cash Back Rate
Cash Back Form
Once a month
Once a month
Stake $500k for 6mos
Stake $50k for 6mos
Stake $5k for 6mos
Stake $500 for 6mos
Crypto, stocks or cash
Earnings: 1%-20% cash back 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.
This can be combined with your crypto rewards card above to double-dip on your rewards.
3. Put Your Crypto to Work
Earnings: 0.25%-23% APY
Kraken offers staking and rewards for 15+ cryptocurrencies ranging from 0.25%-23% APY. The Bitcoin APY is only 0.25%.
Founded in 2011, Kraken has a long track record and is considered one of the safest cryptocurrency exchanges in the world. I mention this because obviously, trust is extremely important if you will be holding your assets on a centralized platform.
Earnings: 0.10%-3% APY on Bitcoin, 0.10-10% APY on Altcoins
⚠️Due to recent news and events, proceed with caution and do your own research.
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 10% APY on day one.
BlockFi is a centralized company and lends out your funds on overcollateralized terms. There are risks involved so make sure to do your research.
Earnings: 0.5%-65% APY
Binance, the largest crypto exchange in the world by trading volume, pays you interest for HODLing Bitcoin, stablecoins, and various altcoins.
Under the “Earn” tab you can choose from dozens of financial products with different yields and risk levels. These products range from saving, staking, becoming a liquidity provider, and much more.
*Binance is not available in Ontario.
Earnings: Varies (around 5% APY)
KuCoin, a popular Binance alternative, lets you lend out altcoins to earn yield. USDT generally has the highest rates which range from 2%-5% at the time of this writing. Rewards have declined over time but payouts are quick since the loans are only 7, 14, or 28 days long.
Unlike Binance, all you need to sign up with KuCoin is an email address. It's the best place to deposit, trade and withdraw crypto anonymously without KYC.
Other Places to Earn Yield
There is no shortage of centralized and decentralized platforms that pay you yield. You can also check out the best staking platforms in Canada. I've also listed some popular opportunities below where you can explore and compare rates. Always do your own research before trying these platforms:
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.