Coinbase Earn – Which Other Sites Offer Free Crypto?

Whether you’re new to crypto or a seasoned pro, you could be looking into ways that you can legitimately earn free crypto. One of the best things about the crypto space is that it is supportive to beginner traders because it is a fairly new asset class. Hence, it is possible to receive crypto incentives from several platforms.

One of the most renowned platforms that offer free crypto to users is Coinbase. Coinbase is one of the largest and most popular exchange platforms. However, one of the features that set it apart from other exchanges is the Coinbase Earn feature. By exploring the functionalities of this feature, users of the platform get to add new cryptocurrencies to their investment portfolio.

How to get Free Crypto from Coinbase Earn

Coinbase allows its users to earn incentives through the platform’s Learning Hub. To earn crypto through this method, you have to enroll in one of the courses offered by the platform, where you will watch videos and take short quizzes. Once you pass the course, Coinbase will deposit crypto into your wallet.

The content offered in these courses is specific to the coins that you will earn. For example, if you take a course focusing on Compound (COMP) and pass the quizzes, a small number of COMP tokens will be deposited into your crypto wallet.

The best thing about the rewards earned from the Coinbase Earn program is that you can convert them into more popular cryptocurrencies such as Bitcoin and Ethereum. However, you need to be cautious of your transactions because each trade could be subject to taxes.

There are restrictions as to who can participate in the Coinbase Earn program. First, you need to have a Coinbase account that is already funded. You also need to verify all your details for you to be eligible to earn through the program.

Other Sites that Offer Free Crypto

Besides Coinbase, other crypto sites also allow users to earn free cryptocurrencies. These include:

Gemini Earn

Gemini Earn allows you to earn interest on cryptocurrency holdings. The program allows you to lend cryptocurrencies to institutional borrowers, and you can earn up to 7.4%. However, you need to note that when you lend cryptocurrencies through this method, you will be increasing the risk exposure to crypto investments, which means that this is a riskier way of earning free cryptocurrency.

Like the other avenues that allow you to earn from cryptocurrencies, interest earned from your crypto holdings will also be prone to taxes. Hence, you need to be cautious before making repeated trades.

Airdrops

When it comes to earning free crypto, using Airdrops carries the largest amount of risk. Airdrops are done by developers who want to release a new cryptocurrency in the market. These developers give away coins so that they can boost adoption.

Sites that offer Airdrops to earn free crypto include crypto news sites or social media platforms. If you are selected for the Airdrop, you will receive coins in your digital wallet. However, you need to be cautious because hackers can promote some. Besides, most coins launched through Airdrops are not ideal for use as a store of value.

Lolli Shopping Rewards

Lolli, an extension on Google Chrome and Firefox Browser, gives “Bitcoin Back” when shopping with its retail partners. The best thing about this extension is that it will give you crypto rewards when you shop with fiat currencies; hence, you do not necessarily have to make crypto payments.

The rewards offered by retailers range between 1% and 30% depending on the product purchased or the retailer. The rewards are deposited in your account, after which you can transfer to your wallet or exchange.

In Summary

As much as the temptation of looking for new avenues to earn free crypto can be high, you need to research reliable platforms. Some avenues of earning free crypto could be dubious or highly risky and could lead to losing your money. Reputable platforms like Coinbase are a perfect place to start!

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