Coinbase allows new users to earn a $5 BTC bonus upon making their first crypto purchase on the platform of any amount.
To qualify for the bonus, use this link to sign up.
Beyond the $5 bonus, new users also qualify for Coinbase’s Spin The Wheel Promo. This promo invites new U.S. users to open an account, make their first cryptocurrency purchase, and spin a wheel to earn a reward, which could be in USD or Bitcoin.
The reward amounts range between $3 to $200; however, the distribution is skewed such that 89% of the users will receive a reward between $3 – $5, while the remaining 11% have a chance to earn between $6 – $200.
New users can also earn free crypto by participating in Coinbase Earn, which involves learning about different cryptocurrencies.
The requirements are to watch a short (1-2 minute) slideshow and then take a quiz (less than five questions).
These promotions are available only to those in the U.S. (excluding Hawaii).
Why Coinbase?
While it does not offer the highest crypto sign-up bonus, Coinbase is a regulated and licensed exchange, which means it adheres to certain standards and practices to ensure the security and integrity of its users’ assets.
Other existing crypto bonuses include:
| Platform | Bonus and Criteria to Earn |
| Gemini | $15 in BTC after $100 of trading activity within the first 30 days or up to 25% trading fee revenue share for higher volumes. |
| Okcoin | $50 in BTC after making a trade of $100 or more. |
| TradeStation | $50 in BTC after funding an account with $500. |
| Juno | $25 in USD after purchasing or depositing $50 or more in crypto. |
| Strike | $5 in USD after opening an account and making a $1 deposit. |
| eToro | $10 in cash after purchasing $100 worth of crypto. |
| Lolli | $5 in BTC after making a qualifying purchase. |
| iTrustCapital | $250 gift card for opening a new IRA account and depositing at least $1,000. |
| Choice IRA | $50 in BTC upon opening an IRA (must fund with a minimum of $1). |
Their fees are complicated, as they differ based on the amount of crypto you buy. In some cases, you’ll pay a flat fee, and in other cases, you’ll pay a percentage fee.
Overall, however, Coinbase’s fees align with what other regulated exchanges like Gemini charge. (See Gemini’s current sign-up bonus.)
Coinbase Earn (also called Coinbase Learning Rewards), is a great feature for anyone looking for free crypto.
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