How to make money on Coinbase - 2 unique ways

How to make money on Coinbase 

First of all, what is Coinbase? Coinbase is a secure online interface for buying, selling, moving, and storing digital currency . Our task is to make an open financial system for the planet and to be the leading global brand to help people transform digital currency to and from their local currency.

Is Coinbase good for beginners? Coinbase displays a superior interface for anyone to buy, sell, hold, and trade cryptocurrencies. It is especially good for cryptocurrency beginners who want an easy buying and selling experience without worrying about the complexities of third-party wallets and decentralized exchanges .
Yes _ Coinbase currently sends 1099-MISC forms to individuals who are US traders and made well over $600 in crypto rewards or gambling in the previous fiscal year. Keep in mind that these tax forms do not report capital gains or losses.
What do you need to open a Coinbase account?
Be at least 18 years old (we'll ask for proof)
A government-issued photo ID (we don't accept passport cards)
An internet-connected computer or smartphone
A phone number connected to your smartphone (we'll send you SMS text messages)
The latest version of your browser (we recommend Chrome) or the latest version of the Coinbase app. If you're using the Coinbase app, make sure your phone's operating system is up to date.

How to make money on Coinbase then?

Coinbase has grown to become one of the largest digital currency exchanges in the world, with well over 56 million members. The interface is a fully registered and regulated cryptocurrency barter broker that works in well over 100 countries globally.

In 2018, it announced Coinbase Earn, which makes it easy for eligible users to study about numerous cryptocurrencies through instructional and educational-like content as part of Coinbase's core interface.

Coinbase Earn works by watching academic videos that teach individuals about different cryptos. Later, students complete an easy quiz that tests what they learned. Upon completion, crypto is delivered to your Coinbase wallet.

How to make money on Coinbase

Why Individuals Like Coinbase Earn

Coinbase Earn makes it easy for users to earn coins while learning about them in a simple and interesting way. The process is simple: watch videos about your favorite crypto, and then complete a short quiz or task to test your understanding of the topics in the videos.

People are satisfied with the Coinbase Earn software as it not only makes it easy to make money with Coinbase but also helps novice investors gain the essential skills and information for trading cryptocurrencies.

The idea is open to all qualifying Coinbase individuals, who can access educational information on an approved crypto asset. Eligible users have the ability to “unlock” teachings in addition to the content currently on the interface to earn complementary coins.

In a breakdown, Coinbase receives profit from the asset issuer (for example, Compound or EOS). As Coinbase is one of the largest cryptocurrency brokers, it is an easy procedure for asset issuers to get fresh eyes on their new cryptocurrency offering.

You receive free cryptocurrency, Coinbase earnings from the asset issuer, and the asset issuer has the ability to advertise their product.

How much can you earn with Coinbase Earn?

How to make money with Coinbase

The incentives can range from $1 to $12, being the highest, and there is simply nothing to encourage people to take part in the software. If one chooses to study every coin that appears in the software, one will reach a reasonably interesting amount. Individuals have received well over $100 million worth of cryptocurrency since the first part of Coinbase Earn in 2018.

It must be taken into account that the earning opportunities are only accessible for a limited time and for a small group of users.

The amount you earn in the Coinbase Earn software is determined by the number and nature of the trades and the strength of the dollar relative to the actual spot value of the cryptocurrency at that time. Even when the value of the dollar fluctuates, the token ratio remains the same while the value of the cryptocurrency fluctuates.

Users have the ability to earn complementary cryptocurrencies on particular Earn projects by introducing Coinbase Earn to others through a referral link. When the person has registered through your link and has finished the first class, they will receive a reward of $10 per registration.

How to start studying and earning on Coinbase

There are two ways to enter the Coinbase Earn program, either through a previously cited referral or by applying directly from your established Coinbase account. It is essential to take into account that there are eligibility requirements to start using the functionality.

Option 1: Referral route

The subject must enter through a referral link, accept the invitation and meet the following criteria:
  • Have, or otherwise open, an eligible account;
  • You must not reside in a country where the underlying cryptocurrency is not listed on or Coinbase Pro;
  • You must complete at least one task for the Win operation to which you receive the reference.

Option 2: Direct route

If you already have an existing Coinbase account, you can ask to join the Coinbase Earn program and start studying and earning free cryptocurrency .

To show an endorsement, you must be familiar with a Coinbase Earn page and express interest in joining the software. Soon after, you will receive an email that will indicate whether you are eligible or not, according to the reasons given. See now the criteria for Coinbase Earn:
  • Live in a country eligible for Coinbase Earn. Coinbase assures that they are working hard to add more qualified countries soon;
  • Complete identification and customer verification, such as being at the most prominent account level (you can do this by completing full identity verification);
  • comply with Coinbase's internal fraud and compliance standards, within similar measures with account uniqueness;
  • Own only one Coinbase account.
You will be able to earn crypto instantly if you have logged in and been approved. If you are logged in but do not see the possibility of earning, you must fill out your Coinbase Earn account settings by following the steps on the banner.

However, if the software is full, Coinbase will add you to the waiting list, where you must wait until you are eligible to be dequeued. Due to high demand, this may take some time.

Keep in mind that only some of the cryptocurrencies provided by Coinbase are available for earning (for example, Bitcoin is not currently available for earning). Also, thanks to the limited number of prizes, it may take some time before the digital barter broker fills them up again.

Why you should consider Coinbase Earn

money with coinbase

First of all, Coinbase Earn is simple, informative, and rewarding. Users can get started easily as the company has a mobile app available for both Android and iOS smartphones, so beginners can quickly download the app from Google Play or the App Store, create an account on Coinbase and ask for the functionality.

The brokerage has collaborated with asset insurance companies to provide high-definition, easy-to-use instructional content, making it an excellent resource, especially for first-time crypto investors with no prior experience. Coinbase sees the lesson stage as a critical ingredient in the transition to an open financial system.

respected platform

Also, since digital currency brokerage is considered by many to be one of the most reliable interfaces that are filled with reliable crypto assets, their users can be certain of the currencies that they are trading on the interface. Also, as it is consistently listed among the most liquid exchanges, it adds more probability to your clientele.

The broker allows fiat currency for those looking to get started, so there are multiple payment settings available to help make transfers easier than ever for new investors. Among other things, you can purchase cryptocurrencies on this interface using your debit or credit card, PayPal, bank transfer or even SEPA transactions in Europe.

Coinbase rewards

Perhaps one of the key benefits for beginning investors is that with Coinbase Earn, you can add the first cryptocurrencies to your portfolio simply by capitalizing some of your time on studying.

Individuals then have the ability to store the earned coins or tokens for later use, exchange them for other, more valuable cryptocurrencies (such as Bitcoin), or sell them for local fiat currencies.

However, you should take into account the transfer fees that Coinbase charges, as trading fees vary quite a bit based on a variety of components.

In most situations, there are no costs associated with switching from one cryptocurrency to another (for example, EOS to Bitcoin). On the other hand, there are costs associated with trading cryptocurrencies to your local currency (for example, EOS to GBP).

final verdict

Most recently, one of the easiest ways to start creating crypto rewards on Coinbase is through Coinbase Earn. Instead of studying the basics of particular cryptocurrencies and testing your knowledge, answer questions about the useful usage scenarios and framework of each token as you interact with the study content.

Our verdict is that newcomers should take Coinbase Earn into account, since they have the possibility to study while they earn, thus integrating with the crypto ecosystem in their group, which in the end helps the user to better cover their investment and the blockchain business.

    Font Size
    lines height