It doesn’t matter if you’re just getting started with cryptocurrencies or you’ve been trading for years in crypto, Coinbase has a lot to offer. Recently, I opened my first account and was given $10 of free cryptocurrency just for opening the account and adding my card! As bitcoin costs skyrocketed at the end of 2017, it seemed like everyone was scrambling to buy some. However, it’s not too late to hop on board if you haven’t already. What is rally coinbase quiz?
1. Sign Up For A Coinbase Account
When you first visit the Coinbase website, you will be greeted with a big red button that reads, “Sign Up.” After reading an article on this cryptocurrency investing tool, I thought I would give it a try. I decided to open a new account with my debit card. Within minutes, I had successfully logged in to my account and was setting up my payment method.
2. Add Your Payment Method
If you haven’t already, then you will have to add your payment method before you can log in to your account. There are three options:
Credit Cards – Credit cards allow you to receive real CASH by linking your debit/credit card through Coinbase. You will receive a debit card as well as a real credit card to use when purchasing cryptocurrencies.
Debit Cards – You can link your debit card to Coinbase so that you can utilize the service with just your bank account instead of vowing to pay off your card every month. This will take 3-5 days for the money to deposit, depending on your bank.
Bank Accounts – Coinbase allows you to link your bank account, which can take up to 3-5 business days to transfer, but allows for virtually instant buying of cryptocurrency at the current going rate.
It was very easy to add my bank account as a payment method! The only thing I had to do was enter in the routing and account number for my checking account and add a form of identity verification (in this case, it was a picture of my driver’s license).
3. How To Buy Your First Cryptocurrency
This was the exciting part. I confirmed my identity and was ready to buy my first cryptocurrency! The next thing I had to do was buy my first cryptocurrency. I started off small and purchased 0.15 Bitcoin to the value of around $200. The hardest part is deciding which cryptocurrency you want to buy because there are so many options!
4. Hold Your Cryptocurrency On The Site
After buying your first cryptocurrency, you can either cash it out and sell it, or you can decide to hold onto it. If you choose to hold onto it, I would recommend choosing a long-term option. You won’t be able to gain any profits until the end of the month and there is no way for you to cash out early. Even if bitcoin drops in price, it will still be worth more than what you bought it for at the end of this month!
5. Join Coinbase Affiliate Program
Even though Bitcoin has skyrocketed in value, it seems like the cryptocurrency market is still a very volatile one. Coinbase offers a huge variety of different cryptocurrencies other than bitcoin, including Ethereum, Litecoin and Bitcoin Cash. In order to advertise to your potential audience and be rewarded for it, Coinbase has an affiliate program that allows you to make money from referrals. Coinbase has an awesome affiliate rewards program. If you sign up for a referral link and someone buys their first cryptocurrency on Coinbase, you will receive $10 free cryptocurrency! There is no cap to the number of people you can refer. This can be a very easy way to earn some free money.
6. Summary Of Benefits Of Using Coinbase
Each time you buy or sell cryptocurrency on the Coinbase website, you will have the option of paying a little fee or not paying a fee all together. This is something to keep in mind, but I didn’t find a huge difference in fees between not paying fees and putting in a small fee. This crypto trading website has so many benefits that it’s hard to list them all! It offers a great affiliate program, amazing customer support, and not to mention they have secure storage of your cryptocurrency. I highly recommend using Coinbase as your first cryptocurrency investing tool.
In summary, Coinbase is a great cryptocurrency investing tool to help you get started. It’s easy to open an account and set up your payment method. It also allows you to buy and hold your cryptocurrency for a long period of time. If you want to learn more about other ways to earn free cryptocurrency, make sure to check out my article on the best places for free bitcoin! Thanks for reading!