How To Make Money On Coinbase?

Coinbase 

 There has been quite a lot of talk in the crypto world around Coinbase Earn, such as, how to make money on Coinbase, how to earn money on Coinbase, and how legitimate of a source is it to make money on in the first place? If you have been active in crypto, you have most likely heard about this too. So, to help you out with the answers, we have curated this one-stop blog that has everything you need to know about making money on Coinbase Earn and more!

Cryptocurrency has been a part of the world for quite a few years now but it is only recently that this form of currency has started being noticed by the masses. Even long-term non-believers like the business tycoon Kevin O' Leary from Shark Tank has converted to becoming hardcore crypto-believer. Though crypto may only be accepted as a legit mode of transactions in a few chosen parts of the world at present, crypto investors are in all corners, even where crypto has not yet legally been accepted as a form of currency. It is especially in those locations that crypto is considered as a long-term investment area for long-term wealth creation.

On the other hand, what if investing in crypto itself can make money? Why not, right? We bring to you Coinbase Earn! Coinbase is a household name for all crypto traders & investors- beginners and professionals alike. With a user base of over 35 million, it is one of the largest crypto-exchange brokers in the US and globally. If you have already installed the app on your phone, here's what you may want to learn about Coinbase Earn as a platform to make yourself some bucks.

How To Make A Coinbase Account?

  • Click on the "Sign-In" button (top right-hand corner of the home page)
  • Fill in your credentials (name, email address, and password)
  • Enter phone number
  • Verify your sign-up via the OTP sent to your phone number
  • Enter your ID details to prove your identity

At this point, United States citizens will also need to input their social security number to proceed. Once the account is successfully created, you can add your bank account details to enable any deposit or withdrawal from the platform.


Is Coinbase Earn Legit? How Does It Work?

Coinbase Earn runs on a very easy-to-use, adaptive, and intuitive interface that makes even first-time trading super easy to do. Coinbase Earn imparts all the necessary knowledge and skills you would need, even as a beginner, to perform crypto trades. The education material is supplied in the form of videos on your favorite cryptocurrency followed by short quizzes to test your understanding. Once the module is completed,  the user gets rewarded with the particular cryptocurrency that was picked to learn, hence helping you make money on Coinbase!

All eligible Coinbase users can use Coinbase Earn to access educational content on any of the supported cryptos like Band, GRT, MKR, CGLD, COMP, XLM, etc.


Closing Lines: Is Coinbase Earn Legit and Worth It?

To put it simply: Yes, Coinbase Earn is a legit way of making some extra bucks. This can be claimed to be the basic fact that Coinbase has been operational since 2012 and has only seen user base growth over the years. As a registered and regulated platform with more than 40 licenses that allow its operations in the US alone, it openly discloses that it provides the user details to the relevant governing bodies. Hence, it is one of the safest crypto platforms to be on.

Moreover, all the money made via Coinbase Earn is insured by FDIC and the cash in your wallet is also insured up to $250,000. It must be noted that since crypto is not insured, the best bet is to transfer it to your wallet post-purchase. All said and done, Coinbase Earn is most certainly one of the most viable and legit ways to make money.

Please note that this blog review is not sponsored or commissioned by Coinbase or any other entity; it is based on the views/experience of the author alone.



FAQs


1. How to use Coinbase to make money fast?

If you are looking for ways to make money on Coinbase, the Coinbase Earn referral program, seperate from the Coinbase Earn program, could be another way to do so. You can earn coins through the referral program by inviting new users to sign up for Coinbase Earn via your referral link. For you to earn crypto via Coinbase Earn referral, the referee will need to fulfill the following criteria:
  • The referee should join the program by accepting your invite using your referral link.
  • The referee should open or possess an eligible Coinbase account.
  • The referee should be a resident of regions where the said cryptocurrency is supported on Coinbase.com and Coinbase Pro.
  • The referee will also need to complete a mandatory task for the Coinbase Earn program they were invited to.

    • 2. What is the difference between Coinbase and Coinbase Pro?

    Coinbase Pro and Coinbase are two platforms that can be accessed in one app, with Coinbase being for beginners and Coinbase Pro, as the name suggests, for advanced crypto traders. It must be noted that the transaction fees charged vary from Coinbase to Coinbase Pro; being higher on Coinbase than Coinbase Pro.

    3. How long is the Coinbase waitlist?

    The Coinbase waitlist period typically lasts for 24-72 hours.

    4. Is there anything else like Coinbase Earn?

    Yes, multiple other platforms and programs like Atomic Wallet Staking let you hold cryptocurrencies and earn interest generated on coins like Algorand, Tezos, VeChain, Cosmos, etc.



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