The online crypto trading platform known as Coinbase has become one of the largest crypto platforms in the world. The easy user interface and convenient mode of operations have attracted millions to the platform. Around 2018, Coinbase launched a new program that aimed toward educating the masses about crypto in exchange for rewards. This new initiative was named Coinbase Earn, named after the domain, earn.com that Coinbase bought for a hefty sum beforehand, a program that still helps millions today.
This article will present you with a detailed overview of the Coinbase Earn program (not to be confused with the Coinbase referral program) and how to use it. However, before we start talking about Coinbase Earn, we have to discuss why it was created in the first place. In order to fully appreciate the value of Coinbase Earn, we will delve into the inspiring idea behind it.
Ask yourself this question: How did you first know about crypto? Or rather, what was the first news you heard about cryptocurrency?
Back when the crypto market was yet to be established, millions of people took it upon themselves to digitally mint coins. In fact, for a long time, that was the only way anyone could acquire crypto coins of any sort. After a considerable amount of coins were minted, we now had the option to purchase these coins.
However, things with the crypto market are much more different today. Meaning we can acquire crypto not just by purchasing them but by earning them as well. This can be seen in various platforms which reward users with crypto coins after completing tasks. The most popular tasks are generally watching advertisements in return for crypto coins. Coinbase Earn, however, takes a different approach to this.
So what exactly is different when it comes to Coinbase Earn? Well, for starters, Coinbase Earn is a full-fledged initiative designed to combine the process of learning with earning. To put things simply, Coinbase Earn lets users earn crypto coins by educating themselves in the crypto world.
Coinbase Earn is an educational program that teaches users about the essentials of crypto. This is done with the help of various informative videos that teach the user helpful information about particular cryptocurrencies. After learning about a particular cryptocurrency, users have the option to take a fun quiz. If a user passes the quiz, they are entitled to receive crypto rewards from Coinbase.
Why Use Coinbase Earn?
Coinbase Earn is a great way to earn a decent amount of money while learning new things about crypto. What’s more, it’s a great place to start if you’re a complete beginner in the crypto market.
Look at it this way; not everyone is well-versed in crypto trading, thereby making it a limited opportunity. Coinbase Earn corrects this by giving newcomers a platform to learn the basics before stepping into the big game. This is extremely helpful to people who have never even heard of crypto.
The world of crypto trading is highly volatile and unpredictable. Even expert traders may find instances where they struggle with making the right moves. There are millions of people interested in the crypto trade but cannot participate due to a lack of knowledge. Coinbase Earn aims to mitigate this problem by providing an alternative.
Using Coinbase learn and earn, beginners can now delve into all that knowledge without spending anything. It’s like being given an entirely free course on one of the most influential markets in the world. What’s more, there’s the added possibility of rewards!
Coinbase Earn provides incentives to newcomers and experienced traders as well. The program provides information on all the upcoming and new currencies yet to be popularised. This allows traders to learn about coins that will soon be impactful in the market. This extra knowledge about influential future coins is a great way to step up their game.
How To Earn Crypto On Coinbase
If you’re all decked up and excited about your first experience with Coinbase Earn, we have some bad news for you. In order to be eligible for the Coinbase Earn program, you have to satisfy the list of requirements.
First of all, you will only be eligible for the Earn program if you have completed your profile creation process. By this, we don’t mean simply registering a Coinbase account and signing into it. You must have completed the entire process, including verifying all your personal information, such as address and date of birth.
Coinbase Earn also asks you to complete your documentation and photo verification process. You can do this by providing a photo of yourself and a valid form of identification. You can use your passport, driver’s license, or national I.D card to verify your documentation on Coinbase. Also, you will only be eligible for the Earn program if you only have one Coinbase account. Finally, your account will go through a check to see if you meet the internal fraud and compliance criteria.
An important thing to mention is that Coinbase Earn is only available in certain countries. Currently, this list includes 40 countries from across the globe, with more additions planned in the future. If you meet all of the above requirements, then chances are they will put you on a waitlist. Coinbase Earn is a popular program with millions of applicants, so don’t be surprised if this takes a while.
Now that we’ve gone through all the details of the sign-up process; let’s get straight into how things work. As mentioned above, participants have the option to watch various information videos about several topics. Once users finish watching a video, they can test their knowledge on that subject by entering a quiz. Users are sent rewards in their wallets for every correct answer given.
Alternatively, you can also earn rewards by referring the program to friends and acquaintances or by sharing your personal Coinbase referral code. If they sign up using your own personal link, you will receive $10 worth of BTC for every $100 of crypto they purchase. The maximum amount you can earn via each quiz is around $12. Overall, it’s a great opportunity for users to earn a considerable amount.
How Often Does Coinbase Do ‘Learn And Earn’?
Coinbase offers the learn and earn program as often as they can. You can always select one of the many topics already available in the program. However, once you’ve gone through all of it, you’ll have to wait for the new batch of rewards.
When it comes to adding a new list of rewards, Coinbase has a fixed schedule of one month. This means that you have the chance to win hundreds of dollars worth of tokens almost every month.
That concludes our Coinbase Earn review for the day. Based on our studies, Coinbase Earn is an excellent platform for both new and veteran crypto traders. Not only do we get the chance to learn about new and upcoming cryptocurrencies, but we also get rewarded for doing so. That being said, it cannot be considered a method to earn significant income daily.
Also, note that the coins which you are rewarded are calculated in the USD valuation. That means the value of your reward coins may increase or decrease depending on the USD valuation.
The amount of money you earn from the program may not seem a lot initially, but it could grow over the years. In fact, some Coinbase users have earned millions of dollars worth of crypto over the years.
We highly recommend signing up for the Earn program and participating in the Coinbase Earn quiz. There is a lot to learn here and valuable rewards to gain. However, if learning isn’t your thing, you may be able to use the short-cut method. Coinbase earn answers for particular quizzes are available on google for you to see.
Coinbase Earn FAQs
Coinbase Earn adds a new batch of rewards every month.
The time taken to get off the Coinbase Earn waitlist depends on several factors. Since the program has become widely popular, there are always millions of applicants. This may delay your approval process by days or even weeks.
Considering that the photo verification itself may take up to two days, we can say that there is a minimum waiting period of two days.
Your eligibility for Coinbase Earn depends on several factors. First of all, you must have completed the entire verification process for your Coinbase account. Secondly, you must own a maximum of only one Coinbase account. Third, you must belong to one of the forty eligible countries in this program.
If your country is not eligible for the Coinbase Earn program, we suggest you wait for it to be included. You can subscribe to the Coinbase blog to know more about future additions and updates.