The Coinbase rewards program is a great way to earn some extra income in addition to your usual earnings from buying and selling cryptocurrencies. There are two ways to earn rewards: by holding eligible cryptocurrencies in your Coinbase account, or by using the Coinbase Pro platform to trade.
To be eligible for rewards, you must first hold at least $100 worth of any eligible cryptocurrency in your Coinbase account. Eligible cryptocurrencies include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP.
You will then earn rewards based on the percentage of eligible cryptocurrency that you hold in your account. For example, if you hold $100 worth of Bitcoin and $50 worth of Ethereum, you will earn 50% of the Bitcoin rewards and 25% of the Ethereum rewards.
Rewards are paid out in the form of a new cryptocurrency, called Coinbase Rewards Token (CRT). CRT is an ERC-20 token that can be stored on any Ethereum wallet.
When you earn CRT, it will be automatically deposited into your Coinbase account. You can then use it to pay for trades on Coinbase Pro or convert it to another cryptocurrency.
To start earning rewards, simply log into your Coinbase account and go to the “Rewards” page. From here, you can view your current balance of CRT and see which cryptocurrencies are eligible for rewards.
If you have any questions about the program, there is also a helpful FAQ section.
So how do you actually earn Coinbase Rewards? By holding eligible cryptocurrencies in your Coinbase account or by trading on Coinbase Pro!.