Did you know you can earn crypto with Coinbase? Really? Yes you can! If you want to know how you can earn money with Coinbase you just need to read this simple post! So let’s start!
What is Coinbase
Coinbase is one of the best exchange of cryptocurrencies in the world! Coinbase is not just a simple crypto exchange site but also it allows us to buy and store our crypto ! In fact we can use it as a wallet in order to safely store our crypto! It is legit and easy to use and among its several features it allows us to earn some crypto!
How to Earn
Basically we can earn crypto in two different ways:
- BUYING CRYPTO AND EARN INTEREST
- TAKE PART TO LEARNING REWARD
Buying Crypto and Earn Interest
The first method to earn money on Coinbase is simpliest! We need to buy those crypto which will let us to earn interest but first of all we need to create an account on Coinbase,let’s start!
We have three opition in order to create an account on Conbase:
- With your Email
- Sign up with Google
- Sign up with Apple
You can choose the best option for you.I prefer to use Google because it is esier and fast! After creating an account we need to confirm our email then we can Login with our credentials!
In order to be able to buy crypto on Coinbase we must confirm our identity by sending our ID card as well as our Tax Code. We must also send a ducument in which there is our Home Adress!
Afterwards we must wait some time in order to be verificated.Typically some hours or at most a day!
After being verified we can finally buy our first crypto! When we Login we land in Home Page and we will see all features of Coinbase exchange! In the left bar corner we will see all main pages in which we will find what we need!
First and foremost we need to find all crypto that we can stake and which will alllow us to earn interest. Such interest is called APY(annual percentage yield). What it means?Well it’s simpler than you think! The annual percentage yield (APY) is the interest rate earned on an investment in one year, including compounding interest. A higher APY is better as your return will be higher.
Now that we know what APY is, we can set out in search of the better crypto to buy with the best APY. In order to do this we need to go to the left bar corner and scroll down up to Explore and then click on it. In Explore page we need to go to the right bar and see Reward earning assets-(Earn rewards by buying and staking eligible assets)
Below you can see the available cryptos to stake:
- Cosmos(ATOM) APY 13.98%
- Polkadot(DOT) APY 13.19%
- Tezos (XTZ) APY 5.76%
- Solana(SOL) APY 4.79%
- Avalanche(AVAX) APY 4.47%
- Polygon(MATIC) APY 3.72%
- Coinbase Wrapped Staked ETH APY 2.54%
- Ethereum(ETH) APY 2.20%
- Cardano(ADA) APY 1.83%
As we can see cryptos like Cosmos(ATOM) and Polkadot(DOT) have the higher APY so i would suggest to buy such cryptos since the higher APY means the higher interest we can earn!
How to Buy and Stake Crypto
Now it’s time to buy our first crypto. We can do it right in Explore page.In the right bar above we can see the buttons Buy-Sell- Convert we must click on Buy button. Later we have to choose the crypto we want to buy and the amount of money we want to spend. What are the methods of payment? We can pay with Paypal or we can deposit money in our wallet but i prefer Paypal because it’s easier, fast and trustworthy!
After choosing the method of payment we can easily buy our fisrt crypto but where will we see our crypto? It’s simple! We must go in the left bar and click on My assets. Here we will see our assets and our interest grow day by day. Of course the more crypto we stake the more interest we earn!
How to Earn Learning Rewards
Now let’s see the second method in which we can earn crypto. This method is completely free so we do not need to buy anything in order to earn some money! It is a good new,isn’t it?
Learning Rewards allows us to earn without investiment. It is really simple to earn crypto with this method! Starting to earn crypto is really easy. We have to go on the left bar and scroll down up to Learning Rewards and then click on it! Once we got on this page we can see all available Learning rewards! Sometimes there are no rewards available but we need to take a look every day because it can be new Learning rewards about a new crypto !
All we have to do is to answer to a simple questions about crypto ! Before aswering to such questions we must watch simple short videos in which it is explained to us how crypto works!
It takes just few minutes to complete such simple tasks! The rewards can be different from crypto to crypto but we can earn from 5$ up to 50 $ per task!
How to Sell Crypto on Coinbase
After earning some crypto we could wish to sell them in order to earn fiat money like USD or Euro. It is really easy to sell crypto on Coinbase. We can find Sell button right alongside Buy button but if we wish to convert crypto into onother one we will find Convert button right beside Sell button! Easy,right? We just need to select import we want to sell and the job is done!
After selling our crypto we can withdraw our money with three methods:
- Debit Card
- Bank Account
- Paypal
I prefer Paypal because is faster and easy method without fees.The minimum withdraw is just 1 $.
In order to withdraw money on Coinbase we need to go to the right bar in the Home page then scroll down up to Withdraw cash and then click on it. All process is really easy!
Pros and Cons
Pros
- Legit site
- Easy to use
- Chance to earn from 1$ to 50$ easily
- Chance to learn how crypto work
- Chance to stake crypto an earn interest
- Low withdrawal threshold
Cons
- Few task to complete
Conclusions
Coinbase is one of the best cryptocurrencies exchange in the world. It is secure fast and easy to use. Furthermore it allow us to earn annual interest when we buy some kind of crypto and in the meanwhile it let us earn some money by learning how crypto works. Don’t lose the chance to earn free crypto!
AVERAGE EARNING: 5$ UP TO 50$
If you want to take a look at Coinbase you can click in button below:
