Earn Passive Crypto Income on Bybit from Canada (2025)

1. The “why & whether” checklist (U-T-P: Unique Trust & Practicality)

First things first — before you park some coins and hope for a chill ride, you gotta ask: is this legit for Canadians, and can it deliver?

• Regulatory status: The exchange Bybit is globally large, but notably Canada is listed as a restricted jurisdiction — you may not legally use Bybit’s full product suite from Canada.

• Platform features: Bybit offers “Earn” products (staking, savings, lending), dual-asset, liquidity mining. 

• Risk & history: In February 2025 Bybit suffered its largest‐ever hack (~$1.5 billion in ETH) which raises questions on custodial risk. 

• So: For Canadians, you must check whether local/ provincial regulator allows it. If you’re able to access with compliance, then the platform features let you aim for passive income.

Bottom line: If you’re a Canadian and can legally access Bybit or similar, it could be a tool for passive yield. But treat it like a side-gig, not guaranteed income.

2. Passive Income Channels on Bybit (U-T-P: Unique Tools)

Here are key tools on Bybit you can use, each with how they work, yields in 2025, plus Canadian-style “eh” tips.

Example: Simple savings yield

If you deposit CAD $10,000 in USDC in a savings plan at 4% APY: you’d theoretically earn CAD $400 over a year if nothing else moves. Not bad for “sleep and chill”. But of course crypto and platform risk apply.

3. Canadian-Specific Practical Steps (“How I’d Play It”)

Here’s how I’d advise a Canadian investor in 2025 to approach passive crypto income on Bybit (or similar).

1. Do your compliance homework — check your province’s regulations (Ontario, BC, etc) whether the platform is allowed.

2. Use a safe portion of your portfolio: only allocate money you can afford to lose.

3. Choose stablecoins or large-cap coins for your passive yield portion — to reduce risk from wild price swings.

4. Pick a lock-up period you’re comfortable with: e.g., a 30-day locked staking vs. instant-access. Locked might offer slightly higher yield.

5. Consider splitting: e.g., 70% in savings/staking, 20% in dual-asset structured product (small portion), 10% in affiliate/referral or yield farming if you’re comfortable.

6. Monitor yield vs risk: crypto can drop 50% in a month — even if you’re earning yield, your principal might tank.

7. Use multiple platforms for diversification if smell something fishy.

8. Keep good records — for tax, Canadian AFT reporting etc. Gains from crypto may be taxable.

9. Be ready to pivot: yields change, new rules come in 2025+.

4. Analytics & Data Snapshot (2025)

Platform Overview

• As of mid-2025, Bybit serves over 77 million users globally and is among top exchanges by volume. NFT 

• Yields: Some “Earn” products list APYs between ~1% to ~10% for various cryptocurrencies or stablecoins. Example promotional APR up to 777% on USDC in some “exclusive country” campaigns. 

• Risk metric: The 2025 hack indicates the custodial risk remains material. Security incident weakened user trust. 

Sample Yield Table (Hypothetical for Canadians)

Note: These numbers are illustrative only — real yields differ and are not guaranteed.

5. Risk Hurdles & Mitigation (U-T-P: Unique Risk‐Shielding)

• Regulatory risk: Canadian regulators may restrict use of certain products or platforms. You may face legal or tax issues.

• Platform risk: Even major platforms get hacked (see 2025 Bybit incident). Keep only what you’re fine risking.

• Volatility risk: If earning yield in crypto (not stablecoin), the price could fall such that your “interest” is meaningless.

• Liquidity risk / lock-in: Some products lock you in; you may get lower yield but higher liquidity risk if you need funds.

• Impermanent loss (for liquidity mining): Price divergence can wipe out fees earned.

• Tax risk: Canada taxes crypto gains; passive income may be treated differently. Keep records and consult a tax pro.

Mitigation tips:

• Use stablecoins where possible.

• Only lock for short to medium time (30-90 days) until you're comfortable.

• Diversify across types of products and platforms.

• Withdraw yield regularly — don’t assume “sit and forget”.

• Stay updated on Canadian regulatory changes (2025 is evolving).

• Use strong security: hardware wallet for long-term holdings, unique 2FA, etc.

6. “Canadian Slang & Chill” Tips for the Eh-Friendly Investor

• Don’t be a “Hoser” and lock all your funds in the wildest yield-trap — start small.

• If you’re earning passive and you’re doing something else (hockey, poutine run) — that’s the dream, bud.

• Keep some “moose meat” in reserve — i.e., emergency cash outside crypto. Crypto yields aren’t guaranteed, eh.

• If the APY looks way above market, smell the maple syrup: ultra-high yield = ultra-high risk.

• Monitor your “toonie” (Canadian dollar) vs stablecoin conversions — FX can play a role.

7. Final Thoughts & Playbook

Yes — it’s possible to build a passive crypto income stream via Bybit (or similar) while based in Canada in 2025 — but it comes with caveats. The key is: compliance + risk management + smart product choice. Don’t go all in. Use savings/staking for lower risk, maybe one structured product for upside. Keep expectations realistic: you’re not going to retire off this overnight, but you can build a side income stream if you’re patient and prudent.

And remember: Past yields don’t guarantee future ones. Stay alert, stay diversified, and stay chill