Are you looking for ways to get free Bitcoin in 2024? Below, I cover 13 ways to earn free bitcoin fast.
While Bitcoin is the king of cryptocurrencies and the top choice for many investors, you can use the strategies below to get your hands on other crypto assets.
How To Get Free Bitcoin
Watch out for juicy bonus offers when signing up for a crypto trading account, and you can score free bitcoin.
1. CoinSmart ($50 Free BTC)
CoinSmart is a publicly-traded cryptocurrency exchange with many popular coins. It was recently acquired by WondeFi, which also owns Bitbuy.
Users can fund their accounts with Canadian or U.S. dollars and get access to advanced trading tools.
Free bitcoin offer: Open an account here to get $50 worth of free BTC after depositing $200 (no purchase required). This is a good way to earn free Bitcoin without making any prior crypto investment.
CoinSmart also offers free BTC through its SmartRewards program. Every month, readers who answer quizzes correctly get entries to win up to a $4,000 BTC grand prize that is drawn monthly.
This review provides more details.
2. Bitbuy ($50 Free BTC)
Bitbuy is a popular Canadian crypto platform with 40+ crypto assets. Over 450,000 people have used it to trade cryptocurrencies worth over $5 billion.
Free bitcoin offer: Get a $50 bonus when you make an initial deposit of $250 or more.
This platform offers an easy trading interface for beginners and a Pro platform for experienced traders. It also supports staking and a crypto OTC desk.
Note: You need to make an initial deposit exceeding $250 to get the $50 bonus that can then be used to purchase bitcoin.
3. VirgoCX ($20 Free BTC)
VirgoCX is a Canada-based cryptocurrency exchange that supports 60+ coins. This platform is great for earning free bitcoin instantly and has a user-friendly interface.
Free crypto offer: Get a $20 bonus ($5 after completing KYC and $15 after depositing $100 in your new account). You can buy Bitcoin using your referral bonus.
Note: Trading fee varies depending on the coin you trade and ranges from 0.50% to 2.50%. You can get up to an 80% discount on fees, depending on your trade amount.
Learn more in this review.
4. Wealthsimple Crypto ($25 BTC)
Wealthsimple Crypto is a regulated crypto trading site in Canada.
You can use the platform to buy and sell over 50 coins if you are interested in investing in crypto.
Free bitcoin offer: You get a $25 cash bonus when you open a new account and deposit at least $150 within 30 days of account opening. You can use this welcome bonus to buy free bitcoin.
Note: Wealthsimple Crypto requires you to deposit funds before you qualify for the bonus.
Learn more in this Wealthsimple Crypto review.
5. Newton ($25 BTC)
With over tens of coins available, Newton has one of the widest selections of coins for Canada-based exchanges on this list.
It also offers a sign-up promotion that can help you get bitcoin for free.
Free crypto offer: Get a $25 bonus when you trade $100 worth of crypto.
Note: A minimum $100 initial investment is needed to get free bitcoin on Newton.
6. Shakepay ($5 BTC)
Shakepay was one of the first bitcoin exchanges in Canada. You can use the platform to trade only two coins – Bitcoin and Ethereum.
Free bitcoin offer: Get a $5 bonus after you buy $100 worth of crypto. You also get free Satoshis via the ShakingSats rewards program when you open the Shakepay mobile app and shake your phone.
Note: Requires an initial investment of $100 in Bitcoin or Ethereum to get a $5 bitcoin value.
7. Crypto.com ($25 bonus)
Crypto.com pays new users $25 worth of Crypto.com Coins (CRO) when they stake for a crypto credit card.
You can swap CRO for BTC if that’s your preference. Read my detailed review of Crypto.com exchange for more details.
Coinberry offers one of the easiest ways to earn free Bitcoin in Canada.
This FINTRAC-registered crypto platform supports 35+ coins and has its headquarters in Toronto.
Free bitcoin offer: Get a cash bonus when you open an account and deposit an initial $250 or more.
Learn more in my review of Coinberry.
How To Earn Free Bitcoin Fast
Below are some other ways to earn free Bitcoin online.
9. Learn About Crypto
Some cryptocurrency exchanges reward you for reading their learning resources on Crypto.
For example, Coinbase users can earn up to $50 in Bitcoin when they take free courses on the platform.
Binance, the world’s largest cryptocurrency trading platform, also gives its users opportunities to earn free crypto through:
- Taking lessons
Lastly, you can earn free crypto when you complete free lessons about crypto on Coinmarketcap.
10. Use Crypto Earning Mobile Apps and Games
Rewards apps pay users when they shop online, answer surveys, play games, and more.
Instead of paying in points, you can redeem for gift cards or cash; some apps pay you with crypto, including bitcoin.
For example, Lolli, gives users free bitcoin to shop online at over 1,000 stores. That said, it is currently only available in the U.S.
Sweatcoin is a fitness app that has its own token, Sweatcoins.
The free app tracks how many steps you take and gives you sweatcoins in return for being active. You can redeem your earnings for sports merchandise, fitness classes, and even PayPal cash.
Learn more about Sweatcoin in this review.
Other crypto cash back apps you can try include:
11. Bitcoin Mining
Crypto miners earn free cryptocurrency using their computers or mining equipment to solve complex mathematical problems.
Mining using only a regular laptop may not get you much crypto; however, it’s one way to start.
You could also upgrade to specialized miners to make more money.
12. Prepaid Crypto Cards
Crypto credit cards and prepaid cards are now a thing.
You can earn crypto rewards/cashback and convert them to bitcoin with your card.
Mogo’s free Platinum Prepaid Visa card also offers rewards ranging from planting trees on your behalf, to giving you free Sats on all purchases.
13. Stake Crypto for Interest
Stake your cryptocurrency holdings to earn even more crypto.
Staking involves lending your crypto in return for interest payments (also in crypto).
Top crypto staking platforms include:
Get Free Bitcoin with Limited Investment
There you go with various ways to earn free Bitcoin in Canada.
Sign-up bonuses that don’t involve trading a lot of cash are the easiest ways to get free bitcoin.
I also like the options that pay you BTC just for learning, as they are a WIN-WIN (i.e. learn about crypto and get some crypto in the process).
If you are tech-savvy or want to earn a lot of Bitcoin, mining is the way to go.
Overall, the free sites listed above can help you get up to $50 worth of bitcoin in no time.
And, if you are lucky, you could even score a haul of $4,000 worth of BTC via CoinSmart’s SmartRewards program.
Free Bitcoin FAQs
Is free bitcoin legit? There are several ways to earn free bitcoin in Canada. That said, watch out for scam offers, as they are plentiful online.
Cryptocurrency exchange apps like Bitbuy, CoinSmart, Shakepay, Coinbase, and Coinberry give you free bitcoin.
One bitcoin was valued at USD 23,164 as of this update. It is doubtful you will find any platform or app offering to give you one bitcoin for free.
Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.