If you want to make money through crypto, Coinbase is one of the best options for you. According to reports, this company controls 43% of the US Crypto market share. They have gained this large part of the market through offering a variety of services investors desire. Moreover, they have reward programs that allow you to earn money even if you do not invest in crypto.
In this guide, we will reveal how to make money on Coinbase. First, let us explain what Coinbase is and how it works.
What Is Coinbase?
Coinbase is a platform you can use to buy, hold, and sell crypto. In addition, this company has its own electronic wallet service and offers you the ability to sell non-fungible tokens. It has a license and is regulated, allowing it to conduct business legally in over 100 countries. Plus, it has a training program that helps you better understand crypto.
Top 6 Ways to Earn Money on Coinbase
On this platform, you can earn through reward programs, interest, or through trade. Most of these paths require little effort from you but also give small rewards. Nevertheless, some of the options can result in high profits.
Now, let us dive deeper into Coinbase money-generating activities.
Accept Your Sign-up Bonus
The first way you will earn money is by signing up for a Coinbase account. While you are signing up, you will have the chance to spin a wheel that offers bonuses. The maximum you can earn is $200. However, there are more chances that you will earn the smaller $3 – $5 bonus. You can retrieve this amount in Bitcoin or USDC.
An interesting fact: Reports claim the company offered up to $15,000 when they first released their Coinbase Wallet.
Learn and Earn Rewards
Another way to earn on this platform is to go thro the Learn and Earn program. After you have watched their modules, you will need to pass a quiz. Then, you will receive up to $5 in cryptocurrencies. Though this reward is small, it is also low effort and requires no investing.
Hold USDC Coins
If you hold USDC coins, you will earn an interest of 4.6%. This is a stablecoin managed by Circle, a peer-to-peer payments technology company. Plus, it is a relatively safe investment since its value is tied to the US dollar.
Pay with a Coinbase Card
You can also earn interest with Coinbase’s debit card. Whenever you make a purchase with their debit card, you will earn back 1% – 2% of the cost of your purchases. Interestingly, you can choose to receive in a range of cryptocurrencies. Plus, this card can hold US dollars, allowing you to use it more broadly in daily life.
Sell NFTs
On Coinbase NFT, you can buy and sell non-fungible tokens. Whether you have created the non-fungible token or are reselling it, you can use this marketplace to earn a profit.
Trade in Cryptocurrencies
Lastly, you can make money on this platform by trading in cryptocurrencies. You can either buy-and-hold cryptocurrencies, earning a profit after the currency has had the time to increase in value.
Alternatively, you can do short-term trades, selling cryptocurrencies you bought on that same day. With short-term trades, you will make money by selling cryptocurrencies after they have had a raise in value. Therefore, cryptocurrencies whose value fluctuate often but with some level of predictability will earn you the most profit with the least risk.
Earn More Profit on Coinbase with CryptoCracker
While most Coinbase rewards are small, you can earn larger amounts through cryptocurrency trades. Therefore, trading more effectively is the best way to make money on Coinbase.
With CryptoCracker, you can optimize your trades. Our platform integrates with Coinbase exchange and will help you in your crypto investments by breaking down the data for you. We also offer recommendations on trades, guiding you toward a thriving portfolio. You can even check the effectiveness of our reports and advice by tracking your portfolio’s performance on our platform.
Final Note
Now you know how to make money on Coinbase through rewards, interest, and crypto exchanges. From the moment you sign up, you gain the chance to get a bonus as high as $200. You can also go through their learning program to earn money. Alternatively, you can buy and sell non-fungible tokens or cryptocurrencies. They also offer you the chance to earn money by using their debit card or holding their coin: USDC.
Out of all these options, trading cryptocurrencies has the potential to offer you the highest profit. So, optimize your trades with trading advice from CryptoCracker. With our recommendations and data reports, you will make better crypto trades and so, earn more money.
Frequently Asked Questions
How do you get money from Coinbase?
To get your money out of your Coinbase account, you will need to sign in and navigate to ‘my assets’. There, you will find ‘cash balance’. When you click on this, you will have the option to ‘cash out’. From there, you will only need to enter the amount you want to take out, type in where you want it transferred, and push the withdraw cash button.
Is Coinbase good for beginners?
Coinbase is good for beginners. This company offers a variety of crypto services that beginners may want such as the ability to exchange currencies. Plus, they have more advanced services such as the Coinbase Wallet. So, you will be able to stay on the platform even as you become more comfortable with crypto.
Does Coinbase give real money?
Yes, Coinbase gives real money. Though the platform built its brand around cryptocurrency exchange, it also allows you to withdraw in USD. In addition, you can choose to receive interest in USD when you use their debit card.