how to earn on coinbase

Coinbase provides diverse earning opportunities, including trading fee reductions through Coinbase Pro, staking rewards for holding certain cryptocurrencies, and affiliate commissions for referring new users.

Nov 03, 2024 at 02:47 am

How to Earn on Coinbase

Coinbase is a popular cryptocurrency exchange that offers a variety of ways for users to earn rewards, including trading fees, staking rewards, and affiliate commissions. Here are the steps on how to earn on Coinbase:

1. Trading Fees:

• Coinbase charges a trading fee for each transaction you make.
• You can reduce your trading fees by holding Coinbase Pro, a cryptocurrency exchange that charges lower trading fees.
• Coinbase and Coinbase Pro both offer a maker-taker fee model, which means that you pay a lower fee if you place a market order (maker) than if you place a limit order (taker).

2. Staking Rewards:

• Staking is a way to earn rewards by holding certain cryptocurrencies in your Coinbase wallet.
• Coinbase offers staking rewards for several cryptocurrencies, including Ethereum (ETH), Tezos (XTZ), Cosmos (ATOM), and Dai (DAI).
• The amount of rewards you earn depends on the cryptocurrency you stake, the amount you stake, and the length of time you stake it for.

3. Affiliate Commissions:

• Coinbase offers an affiliate program that allows you to earn commissions by referring new users to the platform.
• You can share your referral link with friends, family, or on social media.
• When someone clicks on your referral link and creates a Coinbase account, you will earn a commission on their trading fees.

4. Coinbase Earn:

• Coinbase Earn is a free educational program that allows you to earn cryptocurrency by watching videos and taking quizzes about different cryptocurrencies.
• Coinbase offers rewards for completing lessons on a variety of topics, such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

5. Coinbase Card:

• The Coinbase Card is a debit card that allows you to spend your cryptocurrency anywhere Visa is accepted.
• You can earn rewards in the form of cryptocurrency when you use your Coinbase Card to make purchases.

6. Coinbase Pro:

• Coinbase Pro is a professional cryptocurrency exchange that offers lower trading fees and more advanced trading features.
• Coinbase Pro charges a maker-taker fee model, which means that you pay a lower fee if you place a market order (maker) than if you place a limit order (taker).
• Coinbase Pro also offers a referral program that allows you to earn commissions by referring new users to the platform.