If you're looking for the most transparent way to buy Bitcoin in Canada, Bitcoin Well is a platform worth knowing about — and new users earn 1,000 reward points just for completing their first transaction via our referral link.
The Bitcoin Well Referral Link
No code needed — the bonus is applied automatically through our link.
🎁 Claim your 1,000 reward points →
How to Earn the Bonus
Sign up through our referral link, complete identity verification, and make your first Bitcoin transaction. That's it — 1,000 reward points are credited to your account after the qualifying transaction is processed.
There's no minimum dollar amount stated and no complex holding requirements.
What Are the Points Worth?
Bitcoin Well reward points can be used in two ways. You can use them to play the Bitcoin Well mini-game (called the Bitcoin Wishing Well) for a chance to win free sats, or redeem them in the Points Store for exclusive merchandise and Bitcoin Well accessories.
They're not redeemable for cash, but they're a meaningful way to earn something extra on top of your first transaction.
What Bitcoin Well Actually Is
Bitcoin Well is a Calgary-based, publicly traded company listed on the TSX Venture Exchange under the ticker BTCW. That public listing matters — it makes Bitcoin Well one of the most accountable and transparent Bitcoin businesses operating in Canada, with audited financials and regulatory obligations that private companies don't have.
The platform is built around one idea: non-custodial Bitcoin. When you buy Bitcoin through Bitcoin Well, it is sent directly to your own wallet address. Bitcoin Well never holds your coins on your behalf. This is a meaningful distinction from most exchanges, where your Bitcoin sits in a custodial account controlled by the platform until you withdraw it.
What Bitcoin Well supports:
- Buying and selling Bitcoin online and through the app
- Over 200 Bitcoin ATMs across Canada
- Recurring buy (DCA) feature for automated regular purchases
- Direct wallet delivery — no internal custodial balance
What it doesn't support:
- Ethereum, altcoins, or any cryptocurrency other than Bitcoin
- Fiat savings accounts or staking
Bitcoin Only — By Design
Bitcoin Well is deliberately Bitcoin-only. The platform's philosophy is that Bitcoin is the only digital asset worth building infrastructure around, and the product reflects that. If you're looking to buy Ethereum, Solana, or altcoins, you'll need a different platform — but if Bitcoin is your focus, the simplicity here is a feature, not a limitation.
The ATM Network
With over 200 Bitcoin ATMs across Canada — concentrated in Alberta, BC, and Ontario — Bitcoin Well operates one of the larger ATM networks in the country. ATMs let you buy Bitcoin with cash and have it sent directly to your wallet. This is useful if you prefer not to link a bank account, or if you want the quickest possible on-ramp without an account sign-up.
You can find the nearest ATM using the Bitcoin Well locator on their website.
Is Bitcoin Well Safe?
Several things make Bitcoin Well stand out on the safety front:
- Publicly traded on the TSX Venture Exchange (BTCW) — audited and regulated as a public company
- Registered as a Money Services Business (MSB) with FINTRAC
- Non-custodial — your Bitcoin goes directly to your wallet, so there's no platform-side custodial risk
- Canadian company with Canadian customer support
The non-custodial model is worth emphasizing. Many exchange failures in recent years (FTX being the most prominent) involved custodial platforms that held customer funds and couldn't return them. Bitcoin Well's model sidesteps this risk entirely — they never hold your coins.
As with all crypto, Bitcoin holdings are not covered by CDIC deposit insurance.
Bitcoin Well vs Shakepay
Both are Canadian Bitcoin platforms with simple interfaces. The key differences:
Bitcoin Well sends Bitcoin directly to your own wallet (non-custodial) and has a large ATM network. It's the better choice if self-custody and transparency are priorities.
Shakepay keeps Bitcoin in a custodial account within the app (similar to most exchanges), but adds ShakingSats — a daily free Bitcoin reward for shaking your phone. The sign-up bonus is $20 cash with code KRQ31DB.
If your goal is to immediately move Bitcoin to a hardware wallet after purchase, Bitcoin Well's non-custodial model makes that seamless. If you prefer keeping Bitcoin in an app with a built-in rewards layer, Shakepay fits better.
Bitcoin Well vs Newton
Newton supports over 60 cryptocurrencies and offers a $25 cash bonus with code EUSZ0G — it's the better choice if you want a broad altcoin selection. Bitcoin Well is the better choice if you want Bitcoin specifically, delivered non-custodially, from a publicly traded and highly transparent Canadian company.
How the Points Bonus Compares
Bitcoin Well's referral bonus is points rather than cash, which makes it a bit harder to compare directly. For context on the Canadian landscape:
All of these can be claimed independently. If you're new to Canadian crypto platforms, opening Bitcoin Well alongside one of the above cash-bonus platforms is a straightforward way to earn across multiple sign-up offers.
🎁 Claim your 1,000 Bitcoin Well reward points →
Looking for more Canadian sign-up bonuses? Browse all current referral codes across crypto, investing, and banking.