Coinbase & Coinbase Earn – Overview
Coinbase has earned the reputation of being one of the most reliable and secure cryptocurrency exchanges since its launch in 2012. It is a beginner-friendly, regulated crypto broker with a small set of crypto assets and advanced security measures. Expanding in more than 100 countries and with over 30 million active users, Coinbase is among the largest crypto trading platforms.
By default, to make a profit, one needs to buy cryptos. Coinbase offers many features that give users a chance to make profits. With its Coinbase Earn incentive program, users can receive crypto coins for free in their Coinbase wallet.
According to the website of Coinbase, the program rewards users with cryptos for watching crypto educational videos on its platform and answering a few quizzes related to them. The money-making opportunities are available for a limited time and Coinbase users only.
This article provides a detailed Coinbase Earn analysis for those willing to learn about different cryptos and earn money using Coinbase.
How does Coinbase Earn work?
The Coinbase Earn is an incentivized program from the Coinbase exchange, wherein users need to register themselves to earn free cryptos. And then, they have to watch from a selection of educational video content (on a specific crypto coin) and complete a test or quiz to avail the benefits.
The minimum length of each video is two minutes, while the number of tasks to perform is one. Once the users complete watching the video and answer the quiz correctly, the platform credits a certain amount of cryptocurrency (related to the video) into their exchange wallet.
Earn money from Coinbase by learning about Cryptos
The videos listed under the Coinbase Earn program intend to provide users with a greater understanding of how specific crypto assets work. With that preliminary knowledge, users can invest in or trade with a particular virtual currency. It also encourages more user participation in the crypto activity. Below is a list of the cryptocurrencies (with respective reward amounts) available through Coinbase Earn:
- Algorand ($6 ALGO)
- Band Protocol ($3 BAND)
- Basic Attention Token ($10 BAT)
- Celo ($6 CGLD)
- Compound ($9 COMP)
- Dai ($20 DAI)
- EOS ($50 EOS)
- Filecoin ($6 FIL)
- Kyber Network ($6 KNC)
- Maker ($6 MKR)
- NuCypher ($3 NU)
- Numeraire ($3 NMR)
- Orchid ($52 OXT)
- Stellar Lumens ($10 XLM)
- Tezos ($6 XTZ)
- The Graph ($3 GRT)
How to sign up for Coinbase Earn?
As mentioned earlier, the Coinbase Earn program is open to those who have already registered with the exchange. If not, here are the steps to do so:
- Create an account with Coinbase.
- Join from one of the supported countries.
- Verify the identity and account through KYC.
- Comply with the fraud and compliance requirements.
The user needs to login into the Coinbase account and navigates the Coinbase Earn page. Here, they can see all the available videos along with corresponding earnings.
Who can earn with Coinbase Earn?
As per the platform’s online portal, users from more than 100 countries can earn through Coinbase Earn. The list of available countries includes Canada, the US, Brazil, Austria, France, Italy, UK, Hong Kong, India, Singapore, New Zealand, South Africa, and others. And those accessing it from a non-listed country can register with the platform and join the waitlist.
Users on the waitlist are notified via email once the program becomes available in their jurisdictions. Usually, the waitlist period lasts 24-72 hours but might vary depending on the number of users waiting.
Is Coinbase Earn legit or a scam?
Coinbase Earn comes from the reputed and regulated Coinbase crypto exchange. The platform implements ultra-modern security measures, such as cold storage, crypto-asset insurance, encryption protocols, and two-factor authentication.
Coinbase also has a license from New York’s pilot BitLicense program and follows the government rules in the jurisdictions where it operates. All of this, combined with user confidence, demonstrates that Coinbase Earn is a legit money-making program.
Alternate ways to earn money from Coinbase?
Among various ways to make a profit from Coinbase are:
- Referrals – Receiving free Bitcoin worth $10 when the referral buys or sells crypto worth $100 with a new account.
- Trading – Buying crypto at a lower price and selling it at a higher price.
- Staking – Earning an annual staking reward of 5% (Cosmos), 4.63% (TEZOS), 2% (DAI), and 0.15% (USDC).
Coinbase Earn is dubbed as the perfect opportunity for crypto users to earn money without investing anything. It offers a wide range of educational videos and coins to make a profit watching them. The reward program is not a scam, for the licensed crypto exchange Coinbase runs it. Overall, Coinbase Earn is a great way to turn knowledge into money.