How To Get $50 In Free Crypto On Coinbase

If you aren’t signed up on Coinbase already in 2022 then you are missing out on free money and the opportunity to start investing. Coinbase is one of the biggest crypto trading apps on the market and offers amazing rewards like free crypto and lessons.

I know everyone reading won’t be familiar with crypto so I will explain it a bit.

Cryptocurrency is typically decentralized digital money designed to be used over the internet

Digital money like coins can be transferred and traded without any middleman like banks or payment processors. This is possible because of something called the blockchain.

Every cryptocurrency has its very own blockchain that acts behind the scenes to make sure our transactions are secure and safe.

The blockchain ledger is split across all the computers on the network, which are constantly verifying that the blockchain is accurate.This means there is no central vault, entity, or database that can be hacked, stolen, or manipulated.

The blockchain is similar to a bank’s ledger. Every transaction is recorded and verified but unlike a bank’s ledger, each cryptocurrency blockchain is distributed across participants of the digital currency’s entire network

This puts all of us in control over our assets.

The blockchain is neat and there is so much more to learn about it. If you would like to know more about crypto and the blockchain then check out this article:

https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency

. . .

So, the way you make money with cryptocurrency is by purchasing coins and holding them.

Potentially, the coin you purchased can grow in value and make you lots of money or it can go down in value and lose you money.

Investing in crypto is risky. You should know early on that you can lose lots of money. The crypto market is unpredictable. So be careful with your investments and who you trust when learning about crypto. No one knows where coins are headed. Not even the news.

Now that you know more about crypto, let's move on to the tutorial.

Step #1: Signing Up

Coinbase rewards users either $5 or $10 from just signing up.

Eligible US residents (excluding Hawaii) will be presented a $5 Bitcoin reward offer once they successfully create an account. Users will be randomly offered one of two rewards: $5 in Bitcoin for verifying a photo ID or $5 in Bitcoin for making a first purchase

This is a super simple reward to claim and the fact that it is given in Bitcoin is a bigger bonus. Bitcoin is one of the most popular cryptocurrencies and people have become rich over the year from investing.

A man invested $27 in Bitcoin in 2009 and 4 years later found his investment worth $887,000. So sign up and claim your free Bitcoin. You never know where that $5 can take you.

The second way of signing up is using this link:

https://www.coinbase.com/join/knight_id8

By using this link, you can potentially earn $10 in Bitcoin. This is an invite link that helps me earn money but rewards you for helping me just the same. We both will receive $10 in Bitcoin after you buy or sell $100 on Coinbase. Just be careful because you can’t claim the first signup reward and this one. It is one or the other.

Step #2: Learn & Earn

So, you signed up! Congratulations! You have done a lot more than the average person. Cryptocurrency can be a little scary getting into but I promise it is really easy to learn and Coinbase makes sure it is.

Coinbase has a learn and earn feature on its app. You learn about different cryptocurrencies and are rewarded $1-$10 in crypto.

Over time, the rewards from each lesson will begin to add up and you can potentially earn $50 in free cryptocurrency.

have been able to earn $44 from learning on Coinbase plus the $5 from signing up. All from increasing my knowledge about crypto. It doesn’t get much better than this.

Step #3: Refer A Friend!

This is an optional step but still can earn you free crypto on Coinbase. Earlier I mentioned an affiliate link to get you free bitcoin. Well, you can all get your very own affiliate link.

I know not everyone reading has a massive following to share the link to so I suggest just sending your link to family and friends. It's easier to get mom, dad or friends to sign up than trying to find strangers to sign up.

You can find your referral link on Coinbase under refer a friend.

Go Get That Coin

Follow these steps and go get your free $50 in crypto! You might even be able to earn more after investing and holding your coins for over some time.

Just a couple of tips for all you new investors:

• Invest only what you can

• Use the $50 you just earned to get familiar with investing

• DYOR (Do your own research)

• Use platforms like YouTube to learn more about crypto

Hope this was helpful and good luck with your investments!