How to earn on the Coinbase cryptocurrency exchange?

Trade

At crypto exchange you can trade cryptocurrency and exchange it. The user-friendly platform makes it quick and easy to create orders and generate income by selling and buying digital assets.

Steaking

On Coinbase exchange there is an opportunity to earn on steaking. This is the process of participating in the verification of transactions in a blockchain with PoS. In these blockchains, every user who has a minimum cryptocurrency balance can validate transactions and receive a reward. Some protocols offer users to receive rewards with Proof of Stake. These are calculated based on the amount that is in a particular wallet. This means that the more assets there are, the more the exchange can bid on behalf of the trader. The reward is also affected by the frequency of blocks that are created by the network of the selected cryptocurrency.

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Coinbase connects eligible users to such platforms to earn rewards. The help center has a list of cryptocurrencies that are suitable for stealing: ALGO, ATOM, ETH, XTZ, ADA. The exchange has provided several requirements that the user must meet in order to receive remuneration:

• Confirmation of identity.
• The minimum balance required for the selected asset.
• Buy or maintain a minimum balance or transfer cryptocurrency from an external wallet.
• Keeping the right cryptocurrency on the exchange.

If the user has the right to bet and a minimum balance for the asset, he will automatically confirm his agreement and start earning. If he is eligible to bet, but the balance is insufficient, he will need to buy assets and then sign up to receive a reward. Coinbase enrolls users in the program automatically, but there are times when you need to sign up yourself. To sign up, you need to do the following:

• Log in.
• Click on the “Active” button.
• Select “Earn Interest” on the right.
• Click on “Start” and follow the further prompts.

Such cryptocurrencies are suitable:

• Algorand (ALGO). Minimum – 0.01 ALGO. Remuneration rate – quarterly.
• Cosmos (ATOM). From 0.0001 ATOM, rate – 7 days.
• Ethereum (ETH). There is no minimum, remuneration is accrued daily.
• Tezos (XTZ). Minimum – 0.0001 XTZ. Bet – 3 days.
• Cardano (ADA). From $1. Bet – 5 days.

You can also opt out of rewards at any time. To do this, you need to log in to your account, go to the “Assets – Earned Interest” tab. In the new page you need to select an asset, click on interest management and disable the receipt of rewards. All rewards are credited to the user’s wallet and are displayed as a transaction.

Coinbase Earn

Coinbase Earn is an earning tool. By watching cryptocurrency videos and taking short quizzes, you can earn coins. The process involves several steps:

• Viewing video. The service has prepared video tutorials from which you can learn more about different cryptocurrencies.
• Taking the survey. After each lesson, there is a short quiz to test your knowledge.
• Getting Earned. For each passed test, cryptocurrency will be credited to your Coinbase account.

To become a member of Coinbase Earn, a user must:

• Confirm personal information (date of birth and address).
• Go through photo verification. Additional verification is required to use this tool, so you may be prompted to provide identification and a photo when you launch your Earn campaign, even if you have done so previously.
• Meet internal criteria that relate to fraud and compliance, including measures related to account uniqueness.
• Have no more than one account on the exchange.

The trader can immediately start earning if he is registered and meets all the criteria. If photo verification is performed, this procedure can take up to 48 hours. When the user gains access to the tool, the available options will appear in the “Earnings” section. If the trader is logged in, but does not see any earning opportunities, he should study the information on the banner to continue setting up his account. If he has been added to the waiting list, he should wait until he is eligible.

The amount you can earn for completing a task is calculated based on the spot price in dollars at the end of the test. The number of tokens remains the same, but the price in dollars may fluctuate as the price of the currency fluctuates. A user can earn more coins by inviting others to Earn through an attraction link. It is possible to earn tokens for those who:

• Entered by referral link and accepted the invitation.
• Has or can open an account on the exchange site.
• Completed at least one task for the Earn campaign to which he received a link.

The exchange reserves the right to withdraw any offer. When an offer is withdrawn, the user will be able to view the linked content, but will not receive any earnings for completing the task.

Earnings with Coinbase Wallet

If the user has coins on Coinbase Wallet, he can earn money by storing them. To do this, select “Earn interest on cryptocurrency” on the main tab of the wallet. You also need to specify coins and provider (the interest rate may vary). After entering the amount you need to check all information and click on “Lend”. See how much is invested and find out the amount of interest in the same tab in the wallet.

Bonuses for new users

New traders who register on the exchange site receive bonuses from Coinbase. A spinning wheel and a 5 USD reward for the first transaction are available. Traders get the opportunity to spin the rewards wheel at BTC after they create an account, refill their balance and buy cryptocurrency. To get the bonus, you have to:

• Create an account.
• Make your first purchase.
• Spin the bounty wheel.

The service is only available to new users who make currency purchases on the exchange. All traders who spin the wheel receive from $3 to $200 in BTC. Rewards are awarded at random. 89% users receive a reward of $3 to $5 in BTC, 11% receive $6 to $200.

The exchange reserves the right to change the conditions, participation criteria and payments for all rewards at any time. All new accounts are subject to verification by the company. The value of the reward increases or decreases after it is credited to the balance due to market changes, legislation or other factors affecting cryptocurrency. To receive a reward for the first transaction, a user must:

• Register at coinbase.com.
• Add a payment method and buy any cryptocurrency.

The trader will then receive $5 in BTC into the Coinbase portfolio. The incentive is not available to users who were invited to Coinbase by a member of the referral program and those who already have accounts registered under a different email address.

Rewards Center

The Rewards Center on Coinbase is a section where you can find out about new available bonuses and keep track of them. For now, this feature is only available on Coinbase.com, it is not implemented in the mobile app. The available rewards are:

• Prizes.
• New user incentives
• Referral offers
• Pranks.

Each offer is a separate program with different rewards. To enter the rewards center:

• Log in to the Coinbase website.
• Select Rewards Hub on the side of the menu.

Each section of the center has different types of programs and rewards:

• New tests. New rewards for which the user is eligible and giveaways.
• Training. Cryptocurrencies that you can watch videos about and earn coins.
• Referrals. Rewards you can get for each person invited to create an account.
• Repeat purchase. Assets with which to make regular purchases and receive rewards in cryptocurrency.
• Coinbase card. The ability to spend cryptocurrency or U.S. dollars wherever Visa cards are accepted, and get bonuses for it.
• Beta One. A subscription that gives you access to reduced commissions and additional support.
• Interest. You can get rewards for cryptocurrency by saving a certain amount of it.