Promos

Coinbase $5 Sign-Up Bonus + Spin The Wheel Promo Explained

Coinbase Promo
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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:

PlatformBonus 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

Sign up for Coinbase.

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R.J. Weiss
R.J. Weiss, founder of The Ways To Wealth, has been a CERTIFIED FINANCIAL PLANNER™ since 2010. Holding a B.A. in finance and having completed the CFP® certification curriculum at The American College, R.J. combines formal education with a deep commitment to providing unbiased financial insights. Recognized as a trusted authority in the financial realm, his expertise is highlighted in major publications like Business Insider, New York Times, and Forbes.

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