Get £5 in Bitcoin When you Place your First Trade on Coinbase
Leading centralized exchange Coinbase is offering new users £5 in free Bitcoin when they sign up and place their first trade on the platform. See terms.
Coinbase, founded in 2012, is one of the oldest and most-trusted exchanges in the crypto space, with high ratings on crypto data aggregators CoinMarketCap and CoinGecko, 110 million verified users and $1 billion of daily trading volume.
Earning the free BTC is open to all new users and requires them to only sign up for Coinbase and conduct their first trade.
It is one of the best places to buy Bitcoin (BTC) and offers 240 coins to customers, including Ethereum (ETH), Polygon (Matic), Dogecoin (DOGE) and other leading coins.
It is also one of the best crypto trading apps for beginners, with a simple user-experience and leading customer service, and is available to download or join for free.
How to Earn £5 Free BTC
Follow these brief steps to get £5 of free Bitcoin with Coinbase:
Step 1: Sign up to Coinbase and Verify
First, head to the Coinbase website or the mobile app and create an account with your name and email address, which will need to be verified.
Investors need to be over 18 and will then need to upload a valid driver's license or passport to verify their identity, as well as a mobile phone number, which also needs to be verified.
After verification, users can also add 2-Factor (2FA) authentication to add an extra layer of security to their account.
A payment method also needs to be linked.
Step 2: Deposit Funds
Users can access a variety of methods to deposit funds to their Coinbase account, including with credit/debit cards and bank transfers, while PayPal can be used for withdrawing.
There is a minimum deposit of £50 in the UK.
Step 3: Purchase Crypto Tokens
Once funds have been deposited and are showing in the wallet, users are able to purchase any of the 240 crypto tokens offered by the exchange.
On the home screen select trade and then find the asset to purchase.
Simply enter the amount to purchase and the payment method and then select Preview Buy - and, if the details are all correct, click Buy to complete the transaction.
There is a minimum purchase of £15.
Step 4: Receive Free Bitcoin
After the purchase has been confirmed the £5 of free Bitcoin will then be added to the user's portfolio.
After you make a crypto purchase, BTC will be added to your portfolio. Limited time offer. Offer available to new users only. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time.
Coinbase is Also Offering £25 Through Learning Scheme
As well as the free BTC offer, all users are also able to earn around £25 in free crypto through their learn & earn scheme.
Users watch informational videos and are taken through tutorials on how certain protocols work before taking brief quizzes to earn rewards.
At the time of writing, users can add an additional $4 of The Graph (GRT), $3 in AMP, $3 of Near Protocol, $3 of KAVA and $15 from SHPING.
Once the quizzes are successfully completed, the tokens are dropped into the user's portfolio.
Coinbase offering Staking Rewards - With CEO Ready to Fight SEC
Coinbase allows users to earn additional crypto by purchasing tokens and then staking them, essentially earning interest for locking them in place.
Different tokens have different requirements, annualized percentage yield (APY) rates and payout times, with some paid weekly and others quarterly.
To stake on Coinbase, head to the Assets section and click the Earn Interest button.
This week, Coinbase CEO and co-founder Brian Amstrong made a strong statement to the US Securities and Exchange commission, who want to crack down on crypto staking.
On Sunday, Armstrong Tweeted: "We will happily defend this in court if needed", after the company released a lengthy blog post that stated that its staking services are not securities.
Rival exchange Kraken has been hit with a $30 million fine from the SEC for offering its staking-as-a-service without registering.
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