Coinbase is a Bitcoin and Altcoin exchange and one of the biggest and most trusted cryptocurrency exchange platforms.
Coinbase is one of the easiest entry-points into crypto due to its simplistic interface allowing you to buy and sell crypto at the touch of a button.
However, one of its main appeals is for those who are new to crypto and not looking to spend any money to test the waters is Coinbase Learn and Earn.
Coinbase Learn and Earn
What is Coinbase Learn and Earn?
On Coinbase you can take a simple quizzes answering questions about a featured cryptocurrencies in exchange for getting paid.
How to ‘Learn and Earn' on Coinbase
There will be short videos or slides that provide the answer and then you simply have the select the right answers from multiple choice quizzes. You will then be credited with around $1-$3 worth of the cryptocurrency for each answer.
These small amounts really do add up when you consider there are multiple questions for each cryptocurrency, multiple quizzes, as well as new quizzes being added in the ongoing future.
You can get started by creating a free Coinbase account here and receive $10 in free Bitcoin once you buy or sell $100 in cryptocurrency. After you finish the sign up process (should take around 48 hours), you will then be able to participate in Coinbase Learn and Earn.
How often does Coinbase offer Learn and Earn?
There is no set time-frame for new quizzes being added, but they are offered on a regular basis.
Coinbase Quiz Answers
There really is no need to try and look up the answers for the questions before hand as the comprehension material provided is very straightforward. Also, if you get the answer wrong you can keep trying until you get it right.
What to do with Coinbase Learn and Earn earnings?
Once you have received your Learn and Earn rewards there are many possible options of what to do with them. These options are listed below (none of this is financial advice but merely a list for education purposes to highlight the potential options within cryptocurrency).
- Keep the cryptocurrencies you received in your Coinbase account and watch them rise and fall in value
- Exchange for your fiat currency and withdraw to your bank account from Coinbase
- Trade them for Bitcoin (the biggest and most popular cryptocurrency) on Coinbase
- Earn compound interest by lending out your crypto on Coinbase earning up to 5% APY Yield
- Exchange to CRO, send to Crypto.com, get a Midnight Blue Crypto Card and earn 1% cashback on purchases.
- Send the CRO to the Crypto.com DeFi Wallet to stake and earn 12-13% APY Yield, or explore even higher yields through yield farming on VVS Finance
- Use the 1% Crypto.com Card cashback, Coinbase Earn rewards, DeFi Wallet Staking Pool or VVS Finance yield farms and mining earnings to begin saving up for the staking amounts for:
- Ruby Steel Crypto Card
- Jade Green Crypto Card
- Icy White Crypto Card
- Obsidian Crypto Card
Another alternative to Coinbase is actually Coinbase's own more advanced exchange – Coinbase Pro. More information can be found in the following question.
Coinbase Versus Coinbase Pro
One of the main complaints about Coinbase is…
‘Coinbase fees are too high'
Luckily, Coinbase has a more advanced trading platform called Coinbase Pro with much lower fees.
Why Coinbase Pro?
Aside from the fact that the fees are up to 0.5% of the transaction amount, Coinbase Pro is one of the most easy to use out of advance trading interfaces. It is also a great way to learn about trading pairs and limit/market orders.
Coinbase high fees are mainly due to it being incredibly newbie friendly and a user can purchase crypto at just the click of a button. This ease of use is a luxury that you pay for (afterall, this is how Coinbase makes money – by being an easy entry-point to crypto).
However, you can easily bypass these fees by using Coinbase Pro for your crypto buying and selling – the slight learning curve will be worth it.
Are Coinbase and Coinbase Pro linked?
It is very easy to switch over to Coinbase Pro, as if you have an existing Coinbase account, you will also already have a Coinbase Pro account, which you can access by heading here.
The two are also linked in a way that makes switch funds between Coinbase and Coinbase Pro free of any fees.
Coinbase Learn and Earn not working?
If you are not able to access Coinbase Earn, it's not because Coinbase is down but more likely to be that you do not meet the eligibility criteria:
- Live in one of the eligible counties:
Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cypress, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Senegal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, The United Kingdom, and the United States. They intend to add more counties soon.
- Complete customer and ID verification
- Meet Coinbase's internal fraud and compliance criteria
- Have just one Coinbase account
Can I see my Coinbase transaction history?
Yes you can generate a report of your Coinbase transaction history by:
- Click on your display picture in the top right corner
- Click ‘Reports'
- Click ‘Generate Report'
Coinbase Referral Code
If you wish to take advantage of the Coinbase referral offer to get $10 of free Bitcoin once you purchase or sell $100 worth of Bitcoin, you can claim this offer by clicking the button below:
Cryptocurrency is a volatile asset that can rise in value as well as drop in value. The contents of this page and website is not financial advice – it is for educational and entertainment purposes only. You are responsible for your own financial decisions.
This article contains affiliate links which provides us with a small commission should you use them and/or make a purchase. This comes at no extra cost to you and is a great way to support the site. For further details on the terms of the site, read more here: Terms.
Coinbase Learn and Earn Not For You? Don't Worry…
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