how to make money on coinbase for beginners

Coinbase offers beginners a user-friendly platform to trade over 200 cryptocurrencies, allowing for strategies like long-term holding (HODL), dollar-cost averaging, or leveraging price fluctuations, while also offering earning opportunities through Coinbase Earn and staking.

Mar 21, 2025 at 02:47 pm

In the field of digital currency, Coinbase, as a world-renowned cryptocurrency trading platform, provides beginners with a convenient way to participate in the cryptocurrency market. Here is a detailed guide for making money on Coinbase for beginners.

Understand the Coinbase Platform

Founded in 2012, Coinbase is a US-listed company that provides digital currency exchange and wallet services. It operates in more than 100 countries and supports the transaction of hundreds of cryptocurrencies such as Bitcoin and Ethereum. The platform's operating interface is simple and safe, and is trusted by more than 68 million users around the world. Its trading model is simple and easy to understand, has a basic trading interface suitable for novices, and has advanced trading functions for professional traders.

Registration and Account Settings

Register an account on the Coinbase official website or mobile application, fill in your personal information as prompted, and set a security password. After completing the registration, be sure to perform identity verification. This step can improve account security and also determine the transaction amount you can use. After passing the authentication, set up two-factor authentication, such as SMS verification code or Google Authenticator, to further ensure account security.

Recharge funds

Coinbase supports a variety of recharge methods, including bank transfer, credit/debit card payment, etc. Bank transfers are highly secure but may take 1-3 working days to arrive; credit/debit card payments arrive instantly, but some banks may consider it as cash advances and charge additional fees. Choose a recharge method that suits you and recharge funds into your Coinbase account for subsequent transactions.

Choose the right cryptocurrency

On the Coinbase platform, you can trade over 210 cryptocurrencies. For beginners, it is recommended to start with mainstream coins, such as Bitcoin and Ethereum. Bitcoin is the largest and most well-known cryptocurrency with relatively high stability; Ethereum has a wide influence in applications such as smart contracts. Studying the characteristics of each cryptocurrency, market trends, and the technology behind it can help make informed investment decisions.

Trading strategy

Long-term investment (HODL)

After selecting a potential cryptocurrency, hold it for a long time and ignore short-term price fluctuations. For example, over the past few years, the prices of Bitcoin and Ethereum have generally been on the rise, with long-term holders experiencing considerable returns. However, it should be noted that the cryptocurrency market is highly uncertain, and you must fully evaluate your risk tolerance before investing.

Regular quota investment

Regularly invest a fixed amount in purchasing cryptocurrencies to avoid making wrong decisions due to market fluctuations. For example, you can buy Bitcoin at a fixed monthly price of 500 yuan. You can buy more quantities when the price is low, and buy less when the price is high. In the long run, you can average the cost and reduce the impact of market volatility.

Trading with price fluctuations

Pay close attention to the market price trend, buy when the price falls to the preset psychological price, and sell when it rises to the target price. However, this method needs to be sensitive to the market and set a stop loss point to prevent huge losses caused by excessive price decline.

Earn extra income

Participate in the Coinbase Earn project

Coinbase Earn provides some learning tasks that can be rewarded with specific cryptocurrencies upon completion. For example, learn the knowledge of a certain crypto project, watch related videos and pass simple tests to get the corresponding tokens. Although the reward amount may not be large, it can help you learn more about cryptocurrency knowledge and projects.

Pledge cryptocurrency

Some cryptocurrencies support pledge. If you deposit them into Coinbase’s pledge service, you can get additional income in a certain proportion. For example, if you pledge Ethereum, you can get a certain amount of ETH2 rewards, but the liquidity of the coins during the pledge will be limited.

Making money on Coinbase requires continuous learning and practice, accumulation of experience, and adjustment of strategies according to market changes. At the same time, remember that there are risks in cryptocurrency investment and the investment amount should be within your affordable range.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SOON

$0.3144

64.36%

Trade Now
TROLL

$0.2407

43.11%

Trade Now
SKI

$0.07899

33.72%

Trade Now
COW

$0.4818

29.60%

Trade Now
RYU

$0.0...01529

24.42%

Trade Now
AERO

$1.1

23.57%

Trade Now

Latest Crypto News

AI Coin Mania: Dubai Millionaires Eye 20x Gains!
2025-08-09 23:10:12
ChatGPT's Hot Takes: Meme Coins to Buy Now for a Wild 2025!
2025-08-09 23:10:12
Jurassic Park Vibes in Your Pocket: The Colourful Canadian Coin Featuring a Dinosaur Eye
2025-08-09 23:50:12
Altcoins on the Radar: VeChain, Ethereum, and the Shifting Crypto Landscape
2025-08-09 23:50:12
Crypto Airdrops & Opportunities: What's Hot in August 2025
2025-08-09 22:30:12
XRP, Cardano, and the Alluring Alternatives: A 2025 Crypto Landscape
2025-08-09 22:35:12

Related knowledge

How to use margin trading on Poloniex

Aug 08,2025 at 09:50am

Understanding Margin Trading on Poloniex

How to use advanced trading on Gemini

Aug 08,2025 at 04:07am

Understanding Advanced Trading on GeminiAdvanced trading on Gemini refers to a suite of tools and order types designed for experienced traders who wan...

How to use advanced trading on Gemini

Aug 08,2025 at 10:56pm

Understanding Advanced Trading on GeminiAdvanced trading on Gemini refers to the suite of tools and order types available on the Gemini ActiveTrader p...

How to get my API keys from KuCoin

Aug 08,2025 at 06:50pm

Understanding API Keys on KuCoinAPI keys are essential tools for users who want to interact with KuCoin's trading platform programmatically. These key...

How to trade options on Deribit

Aug 09,2025 at 01:42am

Understanding Deribit and Its Options MarketDeribit is a leading cryptocurrency derivatives exchange that specializes in Bitcoin (BTC) and Ethereum (E...

How to deposit USD on Bitstamp

Aug 07,2025 at 05:18pm

Understanding Bitstamp and USD DepositsBitstamp is one of the longest-standing cryptocurrency exchanges in the industry, offering users the ability to...

How to use margin trading on Poloniex

Aug 08,2025 at 09:50am

Understanding Margin Trading on Poloniex

How to use advanced trading on Gemini

Aug 08,2025 at 04:07am

Understanding Advanced Trading on GeminiAdvanced trading on Gemini refers to a suite of tools and order types designed for experienced traders who wan...

How to use advanced trading on Gemini

Aug 08,2025 at 10:56pm

Understanding Advanced Trading on GeminiAdvanced trading on Gemini refers to the suite of tools and order types available on the Gemini ActiveTrader p...

How to get my API keys from KuCoin

Aug 08,2025 at 06:50pm

Understanding API Keys on KuCoinAPI keys are essential tools for users who want to interact with KuCoin's trading platform programmatically. These key...

How to trade options on Deribit

Aug 09,2025 at 01:42am

Understanding Deribit and Its Options MarketDeribit is a leading cryptocurrency derivatives exchange that specializes in Bitcoin (BTC) and Ethereum (E...

How to deposit USD on Bitstamp

Aug 07,2025 at 05:18pm

Understanding Bitstamp and USD DepositsBitstamp is one of the longest-standing cryptocurrency exchanges in the industry, offering users the ability to...

See all articles