If you type in Coinbase in the search bar, you will get tons of articles telling you to sign up for Coinbase and claim your free crypto from Coinbase Earn. And there's nothing wrong with that, free crypto is always nice! Coinbase Earn is one of the best referral programs out there, it's a program that benefits both the person signing up and the person sharing the link, it's win win! At the same time you get a chance to become more familliar with some of the cryptocurrencies out there, and you'll be rewarded with free crypto for it.
But too often the people publishing those articles, just tell you to click their link, so that they can get a little extra crypto. Today I want to do a deep dive into what the program is, how you can claim your free crypto, and how it benefits you!
What is Coinbase?
You've probably heard about Coinbase, but just in case if you haven't, Coinbase is one of the largest and most trusted crypto exchanges in the world. The company is based in the US, has over 13 million users, and is available in 32 countries.
Coinbase is one of the easiest and most convenient exchanges out there. You can buy and sell crypto with a few clicks on the platform, deposits and withdrawals are quick and easy, and you can also buy crypto with your debit/credit card.
What is Coinbase Earn?
Coinbase Earn is partially a very a clever marketing tool to attract new users to the exchange. I think for many of us the first time we bought crypto was an intimidating experience. We were hyped up by the potential of it, but at the same time, did this really have value and was this a good investment? Coinbase Earn takes the fear away by letting you learn some basic info about some of the best cryptocurrencies, and then giving you some free crypto to experiment with.
But at the same time it is really a great way to get introduced to crypto. Crypto can be hard to figure out at first and there's a lot to learn. This makes it easy to make mistakes, and Coinbase earn gives you that safe start to test the waters. Each different currency will have a few quick and easy lessons that teach you the basics of that particular crypto.
It helped me a lot when I first got interested in crypto, for example I used the crypto that I earned and deposited it on Nexo, Celsius, and Compound, this taught me all about CeFi and Defi. I also started exporing staking providers for some of the cypto that I earned, and without realizing it I was learning so much about crypto at the same time.
It is also a great way for some of the newer crypto projects to get some exposure by joining the program. Among the currencies you'll find big names like Stellar, but also newer currencies that are a bit harder to figure out like Compound. These campaigns last until all the funds have been claimed, but sometimes they come back like Zcash just did.
Let's take a look at some of the currencies that you can claim on Coinbase Earn!
- Stellar
You can claim $10 worth of Stellar, and if you refer your friends you can earn an extra $40.
Stellar can be deposited on Nexo and Celsius to earn interest with.
- Compound
You can earn $20 of compound! The first $10 you'll get from doing the lessons, and after that you can earn an additional $10 for trying out their defi lending platform. Coinbase will give you $7 of Ethereum (for gas fees) and $3 of USDC to lend out on Compound, and when you're done with this, the extra $10 of Compound is deposited in your Coinbase account (don't worry this whole process is very easy and automated). This campaign gives you a total of $30 worth of crypto, and again you can refer your friends to earn an extra $40!
You can use your earned compound and deposit it on the Compound platform which has a variable interest rate, but Celsius also supports the currency and pays 7.5% interest.
- Algorand
With the Algorand campaign you can earn $6.
Algorand is a crypto that can be staked and many staking providers support it. It will soon be supported on Celsius, and is already supported by Coinlist.
- Celo
Celo allows you to earn $6 of CELO.
CELO can be staked but isn't supported by as many staking providers. I am using Coinlist right now to stake my CELO.
- Band Protocol
The Band campaign lets you earn $3, and you can increase this amount by $50 by referring up to 5 friends.
Band will soon be supported on Celsius.
- Zcash
At the moment you can earn $5 worth of Zcash.
Zcash is supported by Celsius.
- Maker
And last but not least, is Maker! With the maker campaign you can earn $6.
Maker is currently supported by the DeFi platform Aave, but I would recommend you to either hold, sell or exchange it for something else. If you try to lend out the MKR on Aave, you'd most likely spend half of your free crypto on gas fees alone! It's also on Crypto.com, but it has a high minimum amount to get started.
Coming Soon
There is one more cryptocurrency we have to talk about, Filecoin. Filecoin will soon start its campaign, but it is not yet known how much we will be able to earn. Filecoin is right now the number 22 cryptocurrency by marketcap, so I'm sure it will soon be supported by lending platforms.
Referral links and how to earn more with your coins
In this article I've mentioned Coinbase and a few staking and interest services that you can use to earn more on your free crypto. If you're interested in trying them out you can use my links below. For full disclosure, these are all referral links, but if you do decide to use them, these links will only benefit us both.
Coinbase Earn
You can sign up for Coinbase Earn through the links below. Sometimes as a new user you'll be added to a wait list before you can start to claim the free crypto, but by using these links you'll be able to start as soon as you've finished creating your account!
Nexo has some of the best interest rates, and for people that sign up for the first time, you can earn triple interest that is paid out in Bitcoin for the whole month of December! Nexo unfortunately doesn't have a referral program, so this is the only sign up bonus.
Celsius supports a ton of cryptocurrencies, and also has some great interest rates! After you've signed up for Celsius, once your account holds $200 worth of crypto for at least one month, we both earn $20 in Bitcoin! To get the bonus you can use my code: 1558831768.
Coinlist supports staking for Celo and Algorand. Just like Coinbase if you buy or sell $100 worth of crypto we will both receive $10 worth of Bitcoin. Coinlist will sometimes also have learn and earn campaigns, and right now you can earn $5 worth of Orchid!
Thanks for reading and I hope this article has helped you!
