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- 1 Coinbase is one of the leading crypto exchanges that offers multiple ways of earning for investors.
- 2 Investors can explore all these methods and enhance their earnings on different levels.
Coinbase is one of the leading crypto exchanges and the largest by trading volume. It is known for making the trade easier and more prolific. Launched in 2012, the platform does a great job of making the buying/selling of crypto secure. Brian Armstrong and Fred Ehrsam founded this feature-laden exchange to make crypto widely accessible.
Today, it serves over 73 Million verified users. According to some estimates, Coinbase will have a valuation of $200 Billion by the end of 2023. Besides facilitating the trade, the exchange also gives additional ways for traders to make money.
Methods To Make Money With Coinbase
The following ways have helped many crypto users make money through Coinbase.
Long-Term Investments
At Coinbase, traders can find several long-term projects to invest in. These tokens do a great job of securing profits in the long run. Many traders follow this strategy in traditional equity trading as well. A full-fledged fundamental analysis tells if a project will bear fruit in the future or not.
The crypto trading participants can do the same with blockchain-based projects. If done correctly, it could pave the way for plenty of profits.
Sign Up Rewards
New users get a welcome treat from Coinbase in the form of signup rewards. The amount keeps changing depending on many factors. However, it mostly hovers around $200 and is certainly important for new traders. Moreover, they don’t have to make any effort for it.
All they have to do is create a Coinbase account and start their journey. After joining the platform and buying cryptos, users become eligible for rewards. The amount could vary between $3 and $200 and is usually paid in Bitcoin or USDC.
The platform claims that 11% of new joiners will get between $6 to $200. A larger chunk of 89% of joiners gets between $6 to $200.
Learn & Earn Rewards
Investors also get a chance to have Learn and Earn rewards on Coinbase. The platform does that to encourage people to learn about crypto trading. To take advantage of it, the users need to watch a tutorial and take a quiz on it. Participants with the right answers are entitled to win the rewards.
Coinbase marketing campaign gives people a chance to win rewards. Many small projects are keen to gain attention from investors. Thus, the platform creates contests to promote these ventures. The participants get to win free rewards and projects gain popularity.
Short-Term Trades
While long-term trades are preferred to future projects, short-term ones ensure small profits frequently. New users must know that the latter is riskier and more volatile. In addition, it takes sharp knowledge of technical analysis, indicators, and other factors.
Hence, only the learned individuals should indulge in it. However, this platform makes it easier with a special feature called “Coinbase Advanced”. It offers a suite of analytical tools and a lower trading fee.
Coinbase One
This feature suits habitual and advanced traders. It is a subscription service that costs traders $30/month. It offers $1 Million in insurance while costing $0 trading fees and offering phone support. Investors who buy/sell coins regularly can save plenty of money that they’ll otherwise pay as fees.
USDC Rewards
The USDC holders get to win special rewards on Coinbase. The platform offers them its proprietary stablecoin that is pegged against U.S. dollars. The 4.6% interest reward is a considerable proposition for all users. It becomes a great way to create a passive and extra income.
If one compares it with traditional banking, savings accounts offer only around 0.42% of interest.
Staking
Through “Coinbase Earn”, users can stake certain digital assets and create passive income. All they have to do is to just lock up their holdings and follow the next steps. The PoS blockchain allows them to participate in the validation process.
Users must know that the staking feature has been halted in four US states. These are Wisconsin, California, South Carolina, and New Jersey. This is because many regulators think that staking is an unregistered security and exchanges shouldn’t offer it.
Affiliate Program
It’s a simple way to earn money on Coinbase. The traders just need to bring new users to the platform and get them to join using the affiliate link. The participants can earn up to 50% of their referrals’ trading fees.
Once the earning is done, users can withdraw the money easily too. Coinbase users can do it through an external wallet or they can transfer their earnings to a bank account. The exchange is good for versed investors as well as beginners.
Its earn modules and referral rewards are quite popular among traders. Furthermore, investors like it for long-term investing too.
Disclaimer
This article is only for information purposes and does not promote any type of investment, it is strictly suggested to do your research before investing or to consult with investment professionals.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
