Earn Free Crypto With Coinbase

8 ways to earn free Crypto with Coinbase

A quick introduction

Coinbase is a leading digital currency exchange headquartered in San Francisco, California, that enables users to trade a variety of cryptocurrencies.

Established in 2012, it has grown to serve over 30 million customers worldwide, boasting a platform that is user-friendly and secure. Coinbase is celebrated for its commitment to transparency and regulatory compliance, which has significantly contributed to its reputation as a trustworthy platform for both novice and seasoned cryptocurrency traders.

It offers a host of services including an online wallet, a professional trading platform named Coinbase Pro, and even a service for merchants to accept cryptocurrencies.

x ways to earn crypto with Coinbase

#1 Win 1 Bitcoin

This week in Bitcoin’s October weekly giveaway you can win 1 Bitcoin by making a trade that includes buying or selling any amount of crypto.

Make your trade by October 23, 2023, for a chance to win the top prize of 1 BTC, there will also be 3 winners who will receive 2 ETH (Ethereum), and 100 winners will receive 100 USDC.

You’ll earn 1 entry per trade you perform, maxing out at 15 entries for the week. Plus all your weekly entries will count towards the month’s grand prize of 2 BTC.

Check the app weekly for new giveaways to make sure you get all your entries in, they can really add up.

#2 New User Signup Bonus

Get up to $200 in Crypto just for signing up. This offer is still available.

#3 staking

The blockchain puts your crypto to work by participating in the Proof of Stake process which verifies transactions making the blockchain secure without a bank or payment processor as the middleman. Read more on how staking works over on Coinbase.

Stake Your crypto and earn up to 10% APY. Discover assets that earn rewards and start earning with as little as $1.

#4 Learn and earn

Earn Crypto with Coinbase
Earn Crypto with Coinbase. Check your Learning Rewards tab in the app.

Learn about new crypto by reading articles, watching videos, or taking interactive quizzes. You will earn a few dollars in crypto as your reward. The web link is included below for you to learn loads of interesting crypto topics.

Tip: It’s best to go to the Learning Rewards tab in the app to make sure your rewards are earned.

Current Offer: Earn $4 GRT (the Graph) and $3 AMP in the app.

#5 Convert your dollars into stablecoins

You can buy and hold dollar-pegged stablecoins like Dai and USD Coin (USDC) to earn rewards. Check the app for the latest options.

According to the Coinbase site, as of June 2021, you can earn 2.00% APY on Dai and you can also earn 0.15% APY for holding USD Coin.

#6 After Converting your dollars into stablecoins, Lend it out with CeFi

Centralized Finance (CeFi) is a financial model that where services are provided by centralized institutions such as banks, insurance companies, and brokerages. These institutions act as intermediaries, executing transactions and setting rules for their customers.

Unlike DeFi, CeFi operates on legacy infrastructure and relies on trust in these central authorities. While Coinbase is a platform where users can exchange cryptocurrencies, it is, in essence, a CeFi institution as it oversees and regulates the transactions on its platform.

Last i checked in the app, USDC can earn you 5.00% APY, note that Crypto deposits aren’t insured or guaranteed by the FDIC or SIPC.

Check out this article on Coinbase for their 5 best ways to earn Crypto

#7 Lend your crypto with DeFi

Decentralized Finance (DeFi) is an umbrella term for financial services on blockchain technology, primarily built on the Ethereum network. It represents a shift from traditional, centralized finance to peer-to-peer finance enabled by decentralized technologies built on Ethereum.

DeFi takes the basic premise of Bitcoin, digital money, and expands on it by creating an integrated financial system that operates without the need for intermediaries such as banks or financial institutions. This system is public, permissionless, transparent, and open to anyone with an internet connection.

Lending crypto has a higher earning potential but the risk is also higher. You can receive rewards by lending borrowers some of your crypto via DeFi apps. They offer transparent peer-to-peer lending for higher potential yields.

#8 Use Your Coinbase Debit Card

Coinbase has a Visa debit card that rewards you in crypto for everyday purchases. Crypto rewards are optional.

If you choose to get rewards, Coinbase automatically converts the cryptocurrency to US Dollars and transfers the funds to your Coinbase Card (this way has less conversion fees) for use in purchases and ATM withdrawals.

Signup: Click on the Card tab in the app