10 Ways to Earn Money on Coinbase: A Comprehensive Guide for Traders and Investors
1. Learn and Earn Rewards (When Available)
For beginner traders, Learn and Earn Rewards program is a great way to set themselves up for success, as learning and earning go hand in hand. Moreover, we must appreciate their devotion to growing a thriving and skillful community of fellow professional traders through educational content.
To earn crypto rewards, you simply need to watch the educational videos and tutorials on different cryptocurrencies, complete the simple task quiz, and there you have it – your crypto will be allocated to your external wallet or Coinbase wallet in just a few moments.
2. Earn Money Through the Affiliate Program
And since you’ve started your journey and earned rewards in the form of different crypto assets, now it’s the time to share the good news with your peers so they can also earn free coins through the platforms Affiliate Program.
What is remarkable about this program is that it gives you the necessary power, and you are in control of your crypto rewards earned through their campaign tracking features, such as the campaign testing feature, performance data, and custom reports, so that you are always in the known.
3. Stake
For those interested in staking rewards, the Coinbase Earn Program is here to put your crypto assets to work, whereby locking up your crypto holdings and validating the Coinbase transactions for the Proof-of-Stake blockchain could only bring you one step closer to earning interest rewards. Also, please note that you can unstake your cryptos with no lock-up periods inflicted by Coinbase.
4. One and Saving on Fees
For those who aren’t quite familiar with Coinbase One, this is a $30 subscription service dedicated to advanced traders that offers multiple benefits, such as zero trading fees on hundreds of assets, priority customer phone support, pre-filled tax reporting, to $1 million in account insurance, exclusive prizes like the $10,000 worth of BTC, besides limited-time partner deals.
5. The Advantages of Using Stablecoins
Here’s the thing: This exchange offers 5.1% reward rates for holding your USDC, a stablecoin created by Circle, on your Coinbase account. Some of the USDC benefits include its stable value and high volatility times, as USDC was designed to be pegged to the US dollar and redeemable on a 1:1 basis.
6. CeFi & DeFi Crypto Lending
If you’re still interested in how to make money on Coinbase, yet none of the options presented until now weren’t your top choice, then you should read further, as CeFi and DeFi lending protocols could be the solution you’ve been waiting for.
7. Long-term & Short-term Trading
Just as the name says, long-term and short-term trading refers to the amount of time Coinbase users hold on to that cryptocurrency.
8. Earning Cash Back with a Coinbase Card
Here’s another way to earn cash back: using the Coinbase Card, a Visa debit card that turns purchases into crypto rewards, such as Bitcoin, Ethereum, and others, through a 1-2% cashback reward on every purchase.
9. Take Advantage of the Coinbase NFT Marketplace
For those interested in NFT trading, Coinbase comes into the scene with its NFT marketplace, designed to allow investors to sell, create, and buy NFTs, which could be a great way of earning money.
10. Day-trading
Indeed, Coinbase is one of the most well-known exchanges within the crypto world, and it seems like a solid choice for traders due to its ease of use and advanced features and products, with high liquidity. However, when it comes to day trading, there might be better solutions to make money on Coinbase.
Conclusion
As you’ve discovered, Coinbase offers a variety of ways to earn money in the crypto world, from beginner-friendly options like learning and earning rewards to advanced strategies like staking and trading.
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