Coinbase Earn allows users to earn cryptocurrencies, while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out. Then hopefully you stay on their platform and use it for trading, buying and selling.
So how do you get some FREE money? Easy!!
It may look daunting but its really easy. I’ve written it out in step form so you can breeze through quickly and easily.
ALL links will open in a new window.
Step 1
Create an account at coin base >> CLICK HERE
You will need to use your REAL information and also upload ID.
I just took a photo of my license back and front with my phone.
Verify your account and log in.
Step 2 – Cashing out for Australians
Crypto currency can be earned lots of ways, mining, trading etc but you need a wallet to get paid into, much like having a paypal account. You need to setup your Australian crypto wallet.
Create an account at >>My Coin Jar
Sign up using your REAL information.
You will need to link a bank account. Coinjar will over the next few days deposit money into your account for verification purposes.
For me it was 6c and 15c.
Once you have the deposits, log into Coin Jar and verify your account.
In the meantime, continue on and start earning.
Cashing out Worldwide
You can probably just use Coin Base as it has a USD wallet built in.
Step 3 – Lets Earn FREE Bitcoin
Time to start learning. Watch the videos and then answer the easy quiz questions.
EOS – Use this link >> https://coinbase.com/earn/eos/invite/0hjbyvmx
Answers
Q1: A blockchain protocol for fast, scalable applications. Q2: Delegated proof of stake. Q3: Fast, free transfers. Q4: Stake EOS tokens. Q5: Upgradeable smart contracts.
Stellar – Use this link >>https://coinbase.com/earn/xlm/invite/s95d048x
Answers
Q1: A decentralized protocol that unites the world financial infrastructure. Q2: Facilitating low cost, universal payments. Q3: Transactions are fast, inexpensive, and global. Q4: To issue, exchange, and transfer tokens quickly and efficiently Q5: It relies on the cooperation of trusted nodes to confirm transactions
Dai – Use this link. >>https://www.coinbase.com/earn/eos
Answers
Q1:A decentralized stablecoin that aims to be worth one US dollar Q2:Decentralized and borderless Q3:Open a CDP with Maker
Lesson 4 was unavailable.
Bat – Use this link >>https://www.coinbase.com/earn/basic-attention-token
Answers
Q1:There are too many ads and data tracker Q2:It is free, open source web browser built for privacy Q3:Users get paid BAT for viewing opt-in ads, and publishers get rewarded when users pay attention to their content
To get the bonus at the end, all you have to do is download a browser. Just uninstall it after if you want but I’m going to keep it and test it out.
Step 4 – Converting to bitcoin
To minimise stuffing about with multiple transfers of crypto currency, I converted all of mine into Bitcoin first. Plus your Coin Jar wallet doesnt accept ALL currencies.
Log into your Coin Base account.
In the top menu you will see a TRADE button
- A box will pop up, choose Convert
- Click on FROM and a list of crypto currency with your balance will be shows. Choose the first one.
- In the TO field, choose BITCOIN
- Click to transfer ALL
Do this for ALL currency you own.
Step 5 – Getting your wallet ID
Continue once your Coin Jar account has been verified.
Log into Coin Jar and get the link to your wallet.
- Click on Accounts
- Click on Everyday Bitcoin
- Click on VIEW ADDRESS
A QR code will be shown but under that is your wallet address and looks something like 46TY788DB85KLMFG5437GWS
Copy this line of text.
Step 6 – Transfering Bitcoin to your wallet
Log into your Coin Base account.
Click on Accounts
Your Bitcoin (BTC) should be at the top. Click the SEND button.
Paste your wallet ID and the amount you wish to transfer.
The transfer from Coin Base to My Coin Jar takes around 10 to 15 minutes.
You may receive an email or SMS asking you to verify the transfer.
Step 7 – Getting your money
Once the BTC has arrived into your Coin Jar login and go to Accounts.
Click on your BTC wallet and under the ACTIONS button, click MAKE A PAYMENT
On the screen choose the TRANSFER Tab
Choose FROM Bitcoin TO your bank account.
Enter the amount ( I did slightly less than my total to allow for their fees)
REVIEW and CONFIRM the transfer
DONE!!!!!!