Coinbase is one of the most popular cryptocurrency exchanges, offering various ways for users to earn digital assets beyond traditional trading. Whether you’re a beginner or an experienced investor, you can take advantage of Coinbase’s multiple earning programs to grow your crypto portfolio.
This article explores the best ways to earn cryptocurrency using the Coinbase app.
Coinbase Earn – Learn and Earn Free Crypto
One of the easiest ways to earn free cryptocurrency on Coinbase is through Coinbase Earn. This program rewards users for learning about different cryptocurrencies by watching short educational videos and answering quizzes.
How It Works:
- Log in to your Coinbase account.
- Navigate to the Coinbase Earn section.
- Watch short videos about various cryptocurrencies.
- Complete a quiz after each video.
- Earn free crypto instantly upon answering correctly.
Best Tips for Maximizing Earnings:
- Check frequently for new earning opportunities.
- Complete quizzes quickly, as rewards are often limited.
- Convert earned crypto to stablecoins or other assets if preferred.
Staking – Earn Passive Income on Your Holdings
Coinbase allows users to earn rewards by staking certain cryptocurrencies. Staking is the process of holding funds in a crypto wallet to support blockchain operations, and in return, you receive rewards.
How to Stake on Coinbase:
- Open the Coinbase app and go to your portfolio.
- Select an eligible cryptocurrency (e.g., Ethereum, Cardano, Solana, Tezos, etc.).
- Enable staking rewards for the chosen asset.
- Receive staking rewards periodically.
Benefits of Staking:
- Earn passive income without trading.
- Rewards are automatically credited to your account.
- No technical knowledge required—Coinbase handles the staking process for you.
Coinbase Referral Program – Invite Friends and Earn
Coinbase rewards users who refer new customers through its referral program. If you invite a friend and they buy or sell at least $100 worth of crypto, you both receive a bonus.
How to Refer and Earn:
- Open the Coinbase app and navigate to the Invite Friends section.
- Copy your unique referral link.
- Share the link with friends via social media, email, or messaging apps.
- When your friend signs up and trades $100+, you both receive a referral bonus in Bitcoin.
Best Strategies to Maximize Referral Earnings:
- Share your referral link on social media or a personal blog.
- Create educational content about Coinbase to encourage sign-ups.
- Offer incentives to friends who use your referral link.
Coinbase Rewards – Earn Crypto on Purchases
Coinbase offers a Coinbase Card, a debit card that allows users to spend crypto while earning rewards.
How to Earn Rewards with the Coinbase Card:
- Apply for a Coinbase Visa Debit Card (availability may vary by region).
- Use the card for everyday purchases.
- Earn cashback in cryptocurrency (e.g., Bitcoin, Ethereum, or other cryptos).
- Rewards are credited automatically to your Coinbase account.
Advantages of Using the Coinbase Card:
- Earn crypto rewards on every purchase.
- Spend crypto without converting to fiat first.
- Choose different reward options based on market trends.
Coinbase Advanced Trade – Earn More with Lower Fees
For users comfortable with trading, Coinbase Advanced Trade offers lower fees compared to standard Coinbase trades. This allows traders to earn more by keeping a larger portion of their profits.
How to Use Advanced Trade:
- Open the Coinbase app and navigate to Advanced Trade.
- Place limit or market orders on supported crypto pairs.
- Take advantage of lower fees to maximize trading profits.
Pro Tips for Earning More with Trading:
- Use limit orders instead of market orders to avoid unnecessary fees.
- Study market trends before making trades.
- Consider setting stop-loss orders to manage risk.
Convert Small Balances into Usable Crypto
Coinbase allows users to convert small balances (dust) into other cryptocurrencies.
How to Convert Small Balances:
- Open the Coinbase app.
- Go to Portfolio and check for small crypto balances.
- Select the option to convert small balances to a preferred cryptocurrency.
- Use the converted crypto for trading, staking, or sending.
This method helps you maximize your holdings by consolidating tiny amounts of crypto into a more usable asset.
Participate in Airdrops and Promotions
Occasionally, Coinbase hosts airdrops and promotional events, where users can earn free crypto.
How to Find Airdrop Opportunities:
- Follow Coinbase on social media and check official announcements.
- Keep an eye on the Coinbase Earn section.
- Ensure your account meets eligibility criteria for promotions.
Why Airdrops Are Beneficial:
- Receive free crypto just for being a Coinbase user.
- Airdropped tokens may increase in value over time.
- Easy way to diversify your crypto holdings.
Earn Interest on Crypto with Coinbase Savings Accounts
Coinbase allows users to earn interest on certain cryptocurrencies by simply holding them in their accounts.
How to Earn Interest on Crypto:
- Deposit eligible cryptocurrencies into your Coinbase interest account.
- Earn daily or weekly interest, which is credited to your account.
- Withdraw or reinvest your interest earnings at any time.
Best Cryptos for Earning Interest on Coinbase:
- USDC (Stablecoin)
- Ethereum 2.0
- Tezos (XTZ)
- Algorand (ALGO)
Join Coinbase’s Bug Bounty Program
For those with coding or security skills, Coinbase offers a bug bounty program where users can report security vulnerabilities and earn rewards.
How to Participate:
- Identify security vulnerabilities in the Coinbase app or website.
- Report issues through Coinbase’s official Bug Bounty Program.
- Earn rewards based on the severity of the issue.
This method is suitable for developers and ethical hackers looking to earn in cryptocurrency.
Conclusion
The Coinbase app provides multiple ways to earn cryptocurrency, whether through learning, staking, referrals, cashback, trading, airdrops, or interest accounts. By taking advantage of these earning opportunities, users can build their crypto portfolios without significant investments. To maximize earnings, explore multiple methods and stay updated on new promotions.
Start earning today with Coinbase and grow your crypto wealth effortlessly!