How to earn Crypto Rewards on Coinbase?

Coinbase is one of the world’s largest digital currency exchange platforms which allows different options to make money by trading cryptocurrency. And In this article, we are going to explain the best ways to earn crypto rewards on Coinbase.

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We will also be looking at some of the frequently asked questions about earning money on Coinbase later in this post.

So, let’s get started:

What exactly is a Coinbase?

Coinbase

Coinbase is a crypto trading and investment website that allows users to purchase, earn, trade, and exchange over 100 digital tradable crypto rewards, including Bitcoin, Ethereum, and Dogecoin.

It is a major corporation with over 73 million users and a platform worth $255 billion. Beginners would most likely prefer the old Coinbase platform.

Coinbase Pro, accessible to all Coinbase users, allows sophisticated users to access extra tools and order types. However, if you are interested in cryptocurrencies, Coinbase is excellent for beginners and seasoned investors.

As the crypto-economy matures, there are more opportunities than ever to earn incentives for holding crypto, learn about crypto, or engage with decentralized finance (or DeFi) applications.

Most of these options are accessible directly inside the Coinbase app or website, but the final one needs the usage of a wallet that includes a DeFi browser, such as a Coinbase Wallet.

We will guide you through the fundamentals of some of the most acceptable methods to develop your cryptocurrency via incentives right now.

How to Earn Rewards on Coinbase?

earn rewards Coinbase

If you are logged in and eligible (see the eligibility section above), you may be able to begin earning cryptocurrency on Coinbase right away. Please keep in mind that picture verification may take up to 48 hours before you are ready to begin earning.

If you have signed up but do not see the option to earn, please follow the steps on the banner to finish setting up your account.

If you are placed on the queue, you will have to wait until you are no longer ineligible before you may be removed from the list.

In order to accommodate popular demand, this may take some time. If you sold or converted cryptocurrency in 2023 and are liable to US tax, you must declare your gains/losses to the IRS.

Coinbase Earn

Coinbase Earn

Coinbase Earn is the simplest method to begin earning bitcoin rewards on Coinbase. You can acquire specific cryptocurrencies to test in return for learning the fundamentals about them.

Since Coinbase Earn’s introduction in 2018, customers have received more than $100 million in cryptocurrency, including 0x, Basic Attention Token, Zcash, Stellar Lumens, EOS, Dai, Tezos, Orchid, Compound, Celo, Nucypher, and the Graph.

Am I eligible for Coinbase Earn?

Coinbase Earn is available in many countries around the world. You must follow a few steps to be eligible:

  1. Verify your personal information (KYC)
  2. Verify your identity (photo verification)
  3. Live in an eligible country
earn-crypto-rewards-coinbase-eligible-countries

Coinbase is working hard to add new countries as soon as possible.

Coinbase Earn Quiz Answers

Stellar Lumens (XLM) Quiz Answers
Earn-crypto-rewards-coinbase: Stellar Lumens (XLM) Quiz Answers

Coinbase Rewards: $10 in XLM.

Compound (COMP) Quiz Answers
  1. Earning interest on your crypto.
  2. Supply a crypto asset as collateral.
  3. COMP token holders.

Coinbase Rewards: $9 in COMP.

The Graph (GRT) Quiz Answers
  1. Blockchain data.
  2. GRT Tokens.
  3. Curators.
  4. Delegate to a high quality Indexer.

Coinbase Rewards: $4 in GRT.

Band (BAND) Quiz Answers
  1. Real-world data.
  2. Oracles.
  3. Earn crypto rewards.

Coinbase Rewards: $43 in BAND.

Ampleforth (FORTH) Quiz Answers
  1. Rebase.
  2. AMPL and FORTH.
  3. DeFi building block.

Coinbase Rewards: $3 in FORTH.

SKALE (SKL) Quiz Answers
  1. Any Ethereum application.
  2. Delegate SKL to a validator.
  3. An internet of blockchains.

Coinbase Rewards: $3 in SKL.

Polygon (MATIC) Quiz Answers
  1. Ethereum.
  2. Validators.
  3. Internet of blockchain on Ethereum.

Coinbase Rewards: $3 in MATIC.

BarnBridge (BOND) Quiz Answers
  1. A De-Fi risk management protocol.
  2. An APY risk management tool.
  3. BarnBridge’s Governance Token.

Coinbase Rewards: $3 in BOND.

Amp (AMP) Quiz Answers
  1. Collateral token.
  2. Instant settlement assurance.
  3. AMP rewards.

Coinbase Rewards: $3 in AMP.

Clover Finance (CLV) Quiz Answers
  1. dApps with cross-chain compatbility.
  2. Clover Finance Wallet.
  3. DeFi

Coinbase Rewards: $3 in CLV.

Rally (RLY) Quiz Answers
  1. A decentralized network for launching social tokens.
  2. Paying Ethereum transaction fees.
  3. Buying Bitcoin.

Coinbase Rewards: $3 in RLY.

Fetch.ai (FET) Quiz Answers
  1. Software agents that automate tasks.
  2. To power Fetch.ai agent.
  3. Automated interactions with industries like travel and healthcare.

Coinbase Rewards: $3 in FET.

Cartesi (CTSI) Quiz Answers
  1. For developers to use mainstream software to code smart contracts.
  2. Optimistic Rollups.
  3. Delegating or running a node on Cartesi Explorer.

Coinbase Rewards: $3 in CTSI.

Bounce Token (AUCTION) Quiz Answers
  1. A decentralized auction protocol.
  2. Create or participate in auctions.
  3. You can use the Bounce app at app.bounce.finance.

Coinbase Rewards: $3 in AUCTION.

Enzyme (MLN) Quiz Answers
  1. Manage and automate their crypto investing
  2. Invest in stocks, real estate, and commodities
  3. MLN

Coinbase Rewards: $3 in MLN.

Coinbase’s Referral Program

Coinbase referral program

You may earn a bonus for each friend (“invite”) who registers up and pays a crypto transaction using your registration link via the referral program.

To receive a referral income, go to Coinbase.com’s Referrals page or the Coinbase mobile app’s Settings to get your referral link. Referral bonuses are not available for Coinbase Pro accounts.

Copy and paste your referral link into an email, text message, or messaging app of your choice. Your friends may sign up for a Coinbase account by clicking the referral link in the message.

Your buddy must next finish their account setup, read our terms and conditions and start a purchase or sell in one of the countries we serve.

Stake Some of Your Cryptocurrency

Many cryptocurrencies currently use a “Proof of Stake” consensus method, which allows their decentralized networks to guarantee that all transactions are validated and safe without the intervention of a bank or payment fees processor.

With such cryptocurrencies, you may receive rewards merely by contributing to network security — by “locking” part of your holdings into a staking pool for a certain period.

In return, you will be rewarded. It is the best choice if you want to keep the cryptocurrency for a more extended amount of time – instead of letting it lie idle, you can put it to work for you.

Eligible users may stake Tezos, Cosmos, or ETH using the main Coinbase app or website and earn up to 5% interest (depending on the staked asset) until June 2021. Visit to learn more, go to coinbase.com/staking.

Convert Your Money to Stablecoins

convert your money to stablecoins

One possible disadvantage is that staking incentives are paid in the local coin, which might be volatile. However, you may receive incentives by simply purchasing and holding dollar-pegged stable coins like Dai and USD Coin (USDC).

You may receive 2.00 percent APY rewards by just holding Dai in your Coinbase account as of June 2021. You may also earn 0.15 percent APY by storing USD Coin – and you can make much more by using USDC Lending (see tip No. 4).

Visa Card for Coinbase

Coinbase Visacard

You may spend cryptocurrency or US cash and get cryptocurrency incentives in return. The Coinbase Card waitlist is presently accessible in all states in the United States, except for Hawaii.

We constantly strive to make our services available to as many people as possible. When you use your Coinbase Card, you may spend any asset in your Coinbase portfolio (including US dollars) and receive rewards for your purchases.

You may devote cryptocurrency or US dollars everywhere that Visa debit and credit cards are accepted as a payment method.

Every time you make a purchase, you may earn free up to 4 percent in rewards. The Coinbase Card does not charge an annual fee or a sign-up fee.

Contact us if you have any queries. After you have been accepted for the card, you will be able to use it to make online purchases right away by logging into your account and accessing the card’s account information.

Once you have received your actual card, you may activate it using either our mobile app or our website, coinbase.com, depending on your preference.

CeFi allows you to lend part of your cryptocurrency.

In today’s world of vanishingly low-interest rates, it is no longer viable to keep money in a standard savings account and receive a substantial return.

However, Stablecoins have enabled a very similar offer. A rising number of centralized finance (or CeFi) solutions have arisen that provide enticing yields in exchange for maintaining the portion of your crypto assets in Stablecoin form.

Customers who use Coinbase for a low-risk investment may earn 4.00 percent APY on USDC.

While crypto deposits are not yet qualified for FDIC or SIPC insurance, Coinbase guarantees every USDC stored in your Coinbase account. Join the waitlist at coinbase.com/lend.

DeFi Applications Allow You to Lend Part of Your Cryptocurrency

If you take on more significant risks in exchange for higher rewards, you might try lending part of your cryptocurrency using DeFi applications.

(Because DeFi is still a developing technology, do not spend more than you can afford to lose if you decide to play with these protocols.)

DeFi can provide transparent, peer-to-peer lending with possibly better returns than standard financial solutions.

Investors that contribute cryptocurrencies to DeFi lending mechanisms are rewarded in the form of interest paid to borrowers.

You will need a crypto wallet that works with DeFi applications. Wallet Coinbase (a separate product from the main Coinbase app and can be used by anyone, not just Coinbase customers).

You may experiment with lending some of your cryptos — the best way to start is with a Stablecoin — using DeFi protocols such as Compound or Aave via Coinbase Wallet.

Frequently Asked Questions

How frequently can you get Coinbase rewards?

Coinbase gives Dai Rewards to its users (as long as you remain eligible). Users may trade money on Coinbase the same way they would trade any other cryptocurrency, with no restrictions or lockups.

However, remember that the bigger your Dai balance, the more rewards you get.

Upon receiving Dai in your Coinbase account, prizes are delivered within the first five business days, and afterward, awards are given daily following the original payment.

If you withdraw the whole of your Dai balance before receiving your first reward, you will still be eligible for the benefits you have earned.

What is the current rate of Dai Rewards?

Coinbase is now giving a promotional rewards rate of 2.00 percent annual percentage yield (APY) as of July 28th, 2020. Any changes will be reflected on your Dai wallet page and this page when they occur.

Are there any hazards associated with Dai Rewards?

Dai rewards are not promised, and the pace at which they accumulate may vary from time to time, depending on the circumstances.

Your Dai balance is not protected by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC), as is the case with all cryptocurrencies (SIPC)

What is the significance of the pending amount being an estimate?

In the Prizes pending section, the pending amount is an estimate of the rewards that have not been delivered to your account as of this writing.

Following each earning period, the finalized amount of awards won is computed and delivered to those who have earned them.

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