Coinbase Bonus Programs and Promo
Coinbase is one of the most popular crypto exchanges in the world, with millions of users trading top digital currencies on its platform. Looking to attract more signups and drive engagement, Coinbase runs ongoing bonus programs and promotions for both new and existing customers. This article provides a comprehensive overview of the various Coinbase sign-up bonuses, referral incentives, learn-and-earn opportunities, sweepstakes prizes, and occasional holiday promotions. We break down the eligibility requirements and how readers can maximize their chances of qualifying for each offer.
Key points from the article
-
Coinbase offers a $5 bonus for new users who create an account, verify their identity, and make their first crypto purchase.
-
New users can also spin a virtual wheel after their first purchase to win bitcoin rewards between $3-200.
-
The Coinbase referral program pays bonuses to both the referrer and referee when a new user signs up through a referral link and makes a qualifying trade.
-
Coinbase Learn allows users to earn crypto rewards by completing educational videos, tutorials, quizzes on the platform. Rewards vary based on course length and complexity.
-
To qualify for most Coinbase bonuses and promotions, users must be residents of eligible countries like the US and make qualifying transactions on the platform.
Does Coinbase Offer Promos?
Coinbase
Coinbase has many incentives for new users. Besides a promo for joining the platform, Coinbase also gives users a chance to win free Bitcoin.
Spin the Wheel
Spin the Wheel is only available for US residents in some states. However, when you join Coinbase and purchase your first-ever crypto, you can spin the wheel to win Bitcoin rewards.
New users win Bitcoin worth $3 to $200 when they spin the wheel. According to Coinbase, 89% of the users win a reward worth $3 to $5.
$5 New User First Trade Bonus
Coinbase gives $5 as a bonus to new users who successfully buy crypto and make their first trade. The prize is available for US residents, excluding users from Hawaii. Here's you can get this Coinbase bonus:
Create an account on Coinbase.
Add a payment method after verifying your account.
Buying a cryptocurrency of your choice.
Once you do this, Coinbase will give you $5 worth of Bitcoin. The amount will show in your account in up to 48 hours.
Sweepstakes
Coinbase also occasionally holds sweepstakes. These are usually social media contests, such as retweeting, liking, and commenting on a post. Some of the recent prizes have included free Bitcoin, Ethereum, and Litecoin.
To participate in the Coinbase sweepstakes, you must be a resident of the United States. Some sweepstakes may have additional requirements. For instance, you might only be eligible to enter if you have specific crypto in your portfolio.
How to Get Coinbase Sign-up Bonus?
As mentioned earlier, Coinbase offers a $5 sign up bonus for new users. However, you won't simply get it just by opening an account. Here's what you need to do.
Step 1: Open an Account
Go to the Coinbase website and open an account. You only need to provide the basic details for this step.
How to open an account on Coinbase
Step 2: Add a Payment Method
To add a payment method to your account, go to Payment Methods in Settings. Click or tap on ‘’Add a payment method’’. You’ll see a list of account types to link. Follow the on-screen instructions to link the relevant account to Coinbase.
Payment Methods
Step 3: Buy Cryptocurrency
Once you have money in your account, you can buy any cryptocurrency you want. Coinbase will register that as a trade when you make your first purchase. After that, you will automatically get the $5 Coinbase sign up bonus. However, the bonus may take a day or two to reflect in your account.
Coinbase Referral Program
Coinbase has a referral program as per which the referrer and the referred accounts earn bonuses. You can generate a referral link from your Coinbase account and send it to a friend.
When the friend uses that link to create an account on Coinbase and initiate a trade, you get a bonus on their crypto trade. The bonus amount differs in every country and may also depend on the trade type.
Remember that referral bonuses are not available for the Coinbase Pro account. So if your friend makes any trades on their Coinbase Pro account, it will not earn you a bonus.
Here’s how to send a referral link to someone:
-
Go to your Coinbase web account or mobile app. In the Settings tab, select Invite Page.
-
You’ll get the referral link. Copy this link and share it with your friends through a messaging app, text message, or email.
-
You earn a bonus when the invitee creates an account using this link and buys cryptocurrency.
The good news about the Coinbase referral program is that you and your friend earn a bonus. Thus, your friend has an incentive to use your link for creating an account.
Requirements
Coinbase referral program is a great way to earn an extra commission without doing any work.
But you need to keep the following requirements in mind:
-
You and the friend you send the referral link to must live in the same country.
-
If your friend has created an account with your referral link, they must make a trade within 180 days for both of you to get any bonus.
-
The bonus will appear in your account after four business days.
-
Although there’s no limit on the number of people you can send your referral link to, there can be a limit on the amount of referral bonus you get.
-
The amount of referral bonus will be dependent on the trade type and the country.
Once you’ve received a bonus or reward, you can check it by going to the Reports section of Coinbase’s web browser. Select ‘Generate Report.’ When you click on the transaction list dropdown, you’ll see several options. Choose Rewards Income to download the report in CSV or PDF format.
Coinbase Learn
Coinbase Learn is a very interesting initiative from the platform. Users can explore practical tutorials, beginner guides, market updates, and more while earning cryptocurrency.
The amount of crypto you earn depends on the course you’re taking, its duration, and its complexity. For instance, as you can see below, if you take The Graph course, you get GRT worth $4.
Coinbase Learn
Besides taking courses, you can also get the Coinbase promo in other ways. The platform has multiple options, such as:
-
Videos: You can watch educational video tutorials and earn rewards after completing them.
-
Quizzes: Every Coinbase video tutorial is followed by a quiz. You’ll have to fill in the quiz to show what you learned from the video. In return, you’ll get crypto as a reward.
Coinbase Learn
How to Get Extra Cashback for Trading With Coinbase
Coinbase charges commission fees based on your spread and the crypto you’re trading. If you register on the platform through the Traders Union website, you can get some of this commission back.
To get this offer, you need to use the link on TU’s website to open an account on Coinbase. After that, whenever you make a trade on Coinbase, you’ll get a percentage of your commission fees back as a rebate.
Glossary for novice traders
-
1
Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
-
2
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
-
3
Bitcoin
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
-
4
Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
-
5
Extra
Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.
Team that worked on the article
Dwight specializes in risk, corporate finance, alternatives, fintech, general business trends, and financial markets, and he has broad experience managing complex projects. Dwight is an author for the Traders Union website.
Dwight was a financial columnist for The Wall Street Journal and The New York Times during the Great Financial Crisis. He has served as Editor-in-Chief of Worth, a personal finance magazine for the wealthy, and as Editor of Risk, the premiere global publication about derivatives, risk management, and quantitative finance, based in London.
He has also served as Managing Editor at The Economist Group and ran the Americas operations of two British trade publications.
For the last 12 years, Dwight has worked as a freelance writer and editorial project manager, serving clients in the financial technology, banking, broker/dealer, consulting, asset management, and corporate sectors. This has given him considerable experience in idea generation and project management, working collaboratively to help clients meet their goals with little or no supervision.
A professional English-Spanish translator, writer, proofreader, transcriber. Jose Antonio Gastelum offers his services for website content, blogs, research papers, documents, books and manuals about technology, finance, investment, tourism and insurance. In addition, he has some experience in web and app development, content marketing and SEO optimization.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).