Coinbase Earn: What Is It? How to Earn Rewards on Coinbase?

What is Coinbase Earn?

Coinbase is one of the best cryptocurrency exchange platforms that was founded in 2012. It’s a secure, reliable, and user-friendly platform with an interactive interface wherein users can learn crypto while earning it simultaneously.

Coinbase Earn, introduced in 2018, is an incentive program that allows Coinbase users to learn and earn crypto at the same time. The educational material is in the form of informative and instructional videos on the particular crypto coin chosen by the user.

The main goal of Coinbase Earn is to equip new users with all the knowledge and skills they need to start crypto trading. The educational modules are followed by some short quizzes to test the user’s understanding. Upon successful completion, the user gets rewarded with the same cryptocurrency they had taken the course in. Apart from this method, users can also earn rewards by staking cryptocurrency on the platform.

Why Should You Choose Coinbase Earn?

By being one of the most famous exchange platforms in the crypto world and also the largest cryptocurrency exchange in the USA in terms of trade volume, Coinbase has already proved its reliability. As it has been performing quite nicely in the crypto world, this shows that it has a top-notch security system to prevent or tackle online scams.

On top of reliability and security, Coinbase also provides a user-convenient interface that is easy to understand. In fact, an investor gets all the benefits on a single platform, as Coinbase allows a user to discover, view, and manage different assets. Coinbase also offers flexibility to investors, allowing them to withdraw assets anytime without sweating over any lock-up period. All these advantages are why one should choose Coinbase Earn to earn crypto rewards without any hassle.

2 Ways to Earn Rewards on Coinbase

Coinbase offers two ways for users to earn rewards. The steps required incur no additional charges; instead, the Coinbase fee is already subtracted from the rewards that a user will earn. Let’s explore both options.

1. Staking: Step-by-Step Process

The staking process allows a user to earn rewards for the cryptocurrency they decide to stake. Staking requires no specialized equipment or energy consumption unlike crypto mining. The user here is acting as a validator in the Proof-of-Stake (PoS) blockchain. Here are steps you can follow to earn staking rewards on Coinbase.

• Create an account on Coinbase either on its website or in its mobile application.
• Verify your identity by uploading government-issued identity cards, address proofs, and any other required documents.
• The next step is to own specific cryptocurrencies, which are eligible for staking. Buy crypto on Coinbase by choosing a payment method that is convenient for you.
• Make sure that you go through the staking eligibility conditions and start locking up your crypto funds for a specified period of time.
• However, the best part is Coinbase allows the crypto owner to freely unstake anytime without any additional fee.

2. Learn and Earn: Step-by-Step Process

The “Learn and Earn” program by Coinbase is designed to educate people about cryptocurrency and provide them with rewards. It is evident that Coinbase aims to cultivate a greater interest in crypto among individuals. Therefore, let’s learn how to earn rewards on Coinbase by learning about cryptocurrency.

• Assuming that you already have an account on Coinbase, you can earn learning rewards on Coinbase.
• Once the account is verified and approved by Coinbase, the user can proceed with educational videos related to cryptocurrency.
• Start a crypto course and continue learning about various crypto concepts.
• At the end of this tutorial, you need to take a quiz program to show how you grasp over the concept.
• If the quiz result comes positive, the user will be immediately rewarded with a small amount of crypto rewards. It is important to note here that the amount of rewards does not increase with time.

What You Need to Get Started With Coinbase Earn?

Users must fulfill the eligibility criteria set for Coinbase Earn in order to get started. Below is the eligibility criteria checklist that every user interested in signing up for Coinbase Earn must meet.

• The interested user must own a single Coinbase account. Users with multiple Coinbase accounts are not allowed.
• The residence country of the user must support the Coinbase Earn. Currently, Coinbase Earn is available in just 100 countries.
• The user must complete the identity validation in detail, which also includes customer & ID verification.
• The user must abide by the platform’s standards for internal fraud and compliance.

Once you fulfill the given criteria, you can sign up for the Coinbase Earn program by expressing your interest in the program on their Coinbase Earn page. In general, a user can enter into the Coinbase Earn program in two ways, either by using a referral or directly from their existing Coinbase account.

1. At first, a user needs to perform the basic formalities like creating an account, completing the profile, meeting Coinbase’s internal fraud and compliance standards, etc.
2. The next step is to apply to join the Coinbase Earn program and wait for approval through email.
3. Alternatively, eligible users can also enter the program via referrals by simply accepting the referral invite link.