13 Ways To Get Free Bitcoin Fast in Canada (2022)

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by Enoch Omololu

Updated

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Looking for ways to get free Bitcoin in 2022? Below, I cover 13 different ways to earn free bitcoin fast and without a lot of prior investments.

While Bitcoin is the king of cryptocurrencies and the top choice for many investors, you can also use the strategies below to get your hands on other crypto assets.

How To Get Free Bitcoin

Some of the best places to get free bitcoin are cryptocurrency exchanges and other referral bonus programs.

Watch out for juicy bonus offers when signing up for a crypto trading account and you could score free bitcoin.

1. Wealthsimple Crypto ($50 BTC)

Wealthsimple Crypto is a regulated crypto trading site in Canada.

You can use the platform to buy and sell over 30 coins if you are interested in investing in crypto.

Free bitcoin offer: when you open a new account here and trade $150 worth of crypto, you get a $50 cash bonus. You can use this welcome bonus to buy free bitcoin.

Downside: Wealthsimple Crypto requires you to first buy some crypto before you qualify for the bonus.

Learn more in this Wealthsimple Crypto review.

Visit Wealthsimple Crypto

2. CoinSmart (up to $4,000 BTC)

CoinSmart is a publicly-traded cryptocurrency exchange with 15+ coins.

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 $20 worth of free BTC after depositing $100. 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.

Visit CoinSmart

3. Bitbuy ($40 BTC)

Bitbuy is a popular Canadian crypto platform with 9 crypto assets. It has been used by over 350,000 people to trade cryptocurrencies worth over $4 billion.

Free bitcoin offer: Get a $40 bonus when you make an initial deposit of $250 or more. You can also invite your friends and earn $40 for each friend that deposits $250 or more.

Downside: You need an initial deposit of $250 CAD to get $40 that can then be used to purchase bitcoin.

Visit Bitbuy

4. Coinberry ($30 BTC)

Coinberry offers one of the easiest ways to earn free Bitcoin in Canada.

This FINTRAC registered crypto platform supports 15+ coins and has its headquarter in Toronto.

Free bitcoin offer: Get a $30 cash bonus when you open an account and trade $50 or more worth of any cryptocurrency in a single trade.

Downside: An initial crypto investment of at least $50 is required to qualify for the $40 BTC.

Learn more in my review of Coinberry.

Visit Coinberry

5. Newton ($25 BTC)

With over 45 coins available, Newton has one of the widest selections of coins for the 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 here when you trade $100 worth of crypto.

Downside: A minimum $100 initial investment is needed to get free bitcoin on Newton.

Visit Newton

6. Shakepay ($30 BTC)

Shakepay was one of the first bitcoin exchanges in Canada. You can use the platform to trade only 2 coins – Bitcoin and Ethereum.

Free bitcoin offer: Get a $30 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.

Downside: Requires an initial investment of $100 in Bitcoin or Ethereum to get a $30 bitcoin value.

Visit Shakepay

7. NDAX ($10 BTC)

NDAX is a Calgary-based cryptocurrency exchange that supports 20+ coins.

This platform is great for earning free bitcoin instantly.

Free crypto offer: Get a $10 bonus after depositing $100 in your new account. No purchase is required.

Learn more in this review.

Visit NDAX

8. 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.

Visit Crypto.com

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.

C:\Users\omolo\OneDrive\Desktop\Deposit Stock Photos\coinbase earn free crypto

Coinbase also gives you $10 in BTC when you buy or sell your first $100 USD worth of crypto

Binance, the world’s largest cryptocurrency trading platform, also gives its users opportunities to earn free crypto through:

  • Airdrops
  • 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:

  • Coinmiles
  • Foldapp
  • Pei

If you like taking surveys for cash, you could earn free bitcoins on Toluna.

11. Bitcoin Mining

Crypto miners earn free cryptocurrency by 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.

With your card, you can earn crypto rewards/cashback and convert them to bitcoin.

A popular crypto card in Canada is the metal Crypto.com Visa Card (up to 8% cash back)

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 at all.

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?

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.

What apps give you free bitcoin?

Cryptocurrency exchange apps like CoinSmart, Shakepay, Coinbase, and Coinberry give you free bitcoin.

Can I get 1 bitcoin for free?

1 bitcoin was valued at $54,000 CAD as of this writing. Needless to say, it is doubtful you will find any platform or app offering to give you 1 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.

13 Ways To Get Free Bitcoin Fast in Canada (2022)
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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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