Free money – it’s the dream, right? Ever hear the phrase “There’s no such thing as a free lunch?” I’m here to refute that 100%. Thanks to Coinbase, I’ve had multiple, proverbial free lunches.
In previous posts, I discussed how I was investing more heavily into cryptocurrencies in 2021. The fact of the matter is that crypto is legitimate, and it’s here to stay. I’ve already broke even on my investment into building an Ethereum miner, and the rise in popularity of Bitcoin has proven to be a valuable investment.
There are loads of spammy articles and websites claiming to give away “free money,” but there are almost always strings attached, so I was hesitant to believe that Coinbase would actually be giving away free money – as well as providing a valuable service.
What is Coinbase?
Coinbase is a cryptocurrency exchange as well as a wallet. Think of a wallet as a traditional savings account. It’s a place to stash your funds and access them as needed. However, as an exchange, Coinbase provides the means to buy or sell cryptocurrencies and convert them into different tokens. It’s a one-stop-shop for all things relating to crypto, and I recommend this exchange to all beginner crypto aficionados. Also, it doesn’t hurt that they’ll give you FREE MONEY.
How To Get Free Money From Coinbase
Maybe get isn’t the right term. But believe me, it’s free. First of all, Coinbase will deposit $5 worth of Bitcoin into your wallet after you buy or sell $100 worth of cryptocurrency. It doesn’t matter what kind you buy or sell, just so long as it totals over $100. All you need to do is sign up for an account.
However, if you use my referral link, Coinbase will double that amount and give you $10 of Bitcoin for free. *Disclaimer: If you use my referral link, I’ll also earn $10 from Coinbase, at no cost to you.
Keep in mind that there are usually fees with buying or selling crypto to cover the transaction “gas.” So in reality you might earn less than $10.
Now, I know what you’re thinking. If I have to spend $100 to buy the crypto, then the $10 isn’t really free.
But Here’s the Best Part
Here’s where the free money really comes into play. Coinbase has a feature called Coinbase Earn. This is an opportunity for you to earn free crypto by learning about crypto. You see, new tokens are being created all the time. In order to grow awareness about their respective projects, Coinbase Earn will share extremely short videos with the users and reward them for watching them.
These educational opportunities usually consist of several short videos and a multiple-choice question for each video. Once you’ve completed that, you’ll earn $1 worth of that token into your wallet. Most opportunities vary from $3-5, but some are as high as $40. Again, this is free money.
To date, I’ve earned well over $200 worth of free money from Coinbase Earn. So, you can accumulate over $100 of different tokens, convert them all into the same token to have an overall balance exceeding $100. Then, you can sell that balance and earn your free $10. These projects come randomly and are first-come, first-served. This week there might not be any, but next week there could be several. You never know!
So, not only will Coinbase give you free money for learning about these different crypto projects (and the education is really invaluable too), they’ll reward you with an extra $10 just for spending the money they already gave you.
There are a whole host of crypto-specific investment streams that I’d like to share with you guys, but it’s imperative that you first sign up with an exchange. That’s why I highly suggest starting by signing up for an account with Coinbase.
So, if you don’t like free money then I’m sorry for wasting your time. But, if you do like free money, get started with Coinbase by signing up with my link here.