Alexis Kestler
Hey there! Looking to earn some free crypto through Coinbase Earn? You‘ve come to the right place.
In this detailed guide, I‘ll provide you with the answers to every Coinbase quiz so you can breeze through them and maximize your crypto earnings. I‘ve been using Coinbase Earn for months, so I‘ll also share some pro tips to help you get the most out of it.
An Introduction to Coinbase Earn for New Users
If you‘re new to Coinbase Earn, here‘s a quick overview of how it works:
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It‘s a Coinbase program that rewards users with small amounts of crypto for learning about new projects.
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You watch short 1-2 minute educational videos about the crypto, then take a quick 3 question multiple choice quiz.
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Get all the questions right, and Coinbase deposits a small amount of that crypto into your account!
The rewards usually range from $3-$10 worth of crypto per quiz. So it‘s not going to make you a millionaire, but it‘s an easy way to earn some free coins while expanding your crypto knowledge.
Eligibility Requirements
To participate in Coinbase Earn, you need:
- A Coinbase account (obviously!)
- To be located in a supported country
- To complete ID verification
- Not to have previously earned the crypto in question
It can take up to 48 hours for Coinbase to review your ID, so I recommend verifying your account even if you aren‘t planning to use Earn yet. That way, you‘ll be ready to go when you want to try it out.
Earn is available in over 100 countries, but not everywhere. The main restrictions are around countries under US sanctions like Crimea, Cuba, Iran, etc.
Available Cryptocurrencies
The crypto options available through Coinbase Earn are always changing. Coinbase adds new educational modules frequently.
Some of the major cryptocurrencies that have been available in the past include:
- Ethereum (ETH)
- Stellar Lumens (XLM)
- Compound (COMP)
- UMA (UMA)
- Loopring (LRC)
- Algorand (ALGO)
- Band Protocol (BAND)
- Celo (CELO)
- Clover Finance (CLV)
- Fetch.ai (FET)
- FOAM Protocol (FOAM)
- Ankr Network (ANKR)
- Orchid (OXT)
- The Graph (GRT)
- Numeraire (NMR)
- NuCypher (NU)
- SKALE Network (SKL)
- Cartesi (CTSI)
- Balancer (BAL)
- Bounce Token (BOT)
- Polygon (MATIC)
- Kyber Network (KNC)
- Amp (AMP)
- MakerDAO (MKR)
- Basic Attention Token (BAT)
- Decentraland (MANA)
- district0x (DNT)
- Civic (CVC)
- Augur (REP)
- 0x (ZRX)
And many more! New options are constantly being added.
I recommend checking the Coinbase Earn page every couple weeks to see what‘s new.
Estimated Earnings
The rewards amounts vary, but here are some averages:
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Videos: $3 worth of crypto per set of videos
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Referring friends: $10 in BTC for each referred friend that earns over $100 in crypto
Based on my experience, here are the estimated earnings for completing all the Coinbase Earn quizzes currently available:
| Cryptocurrency | Estimated Earnings |
|---|---|
| Ethereum (ETH) | $3 worth |
| Stellar Lumens (XLM) | $10 worth |
| Compound (COMP) | $9 worth |
| UMA (UMA) | $6 worth |
| Loopring (LRC) | $3 worth |
| Algorand (ALGO) | $3 worth |
| Band Protocol (BAND) | $3 worth |
| Celo (CELO) | $6 worth |
| Clover Finance (CLV) | $3 worth |
| Fetch.ai (FET) | $3 worth |
| FOAM Protocol (FOAM) | $3 worth |
| Ankr Network (ANKR) | $3 worth |
| Orchid (OXT) | $7 worth |
| The Graph (GRT) | $10 worth |
| Numeraire (NMR) | $5 worth |
| NuCypher (NU) | $9 worth |
| SKALE Network (SKL) | $3 worth |
| Cartesi (CTSI) | $10 worth |
| Balancer (BAL) | $10 worth |
| Bounce Token (BOT) | $5 worth |
| Polygon (MATIC) | $3 worth |
| Kyber Network (KNC) | $4 worth |
| Amp (AMP) | $6 worth |
| MakerDAO (MKR) | $6 worth |
| Basic Attention Token (BAT) | $10 worth |
| Decentraland (MANA) | $10 worth |
| district0x (DNT) | $9 worth |
| Civic (CVC) | $6 worth |
| Augur (REP) | $7 worth |
| 0x (ZRX) | $4 worth |
Total Estimated Earnings: Around $175 worth of crypto! Not too shabby for just watching some short videos and taking quick quizzes.
And that‘s not even counting referral bonuses or future coins that will be added. Over time, you can earn a nice little chunk of free crypto through Coinbase Earn!
Now let‘s get right to the quiz answers so you can maximize your earnings.
Coinbase Quiz Answers
Below are the latest Coinbase Earn quiz questions and answers. I‘ll keep this list updated as new quizzes are added so you always have the most up to date info.
1. Ethereum (ETH)
Q: Ethereum is a blank canvas for:
- A) Building decentralized applications
Q: A "dApp" refers to:
- B) A decentralized application
Q: "Gas" refers to:
- C) The fee required to conduct a transaction on Ethereum
Q: A wallet‘s "private key" is:
- A. The password or secret phrase to access a wallet and sign transactions
Q: What is a smart contract?
- B. Code that automates an agreement so that everyone can be certain of the outcome
No surprises here! Ethereum is the biggest and most well-known smart contract platform for building and running decentralized applications. Gas fees are needed to process transactions and validate blocks. The private key provides wallet access and transaction signing ability. And smart contracts encode agreements so execution is guaranteed.
2. Stellar Lumens (XLM)
Q: What is Stellar?
- A) A decentralized protocol that unites the world‘s financial infrastructure
Q: What are Stellar Lumens (XLM) used for?
- B) Facilitating low-cost, universal payments
Q: Why is Stellar good for sending remittances?
- C) Transactions are fast, inexpensive, and global
Q: Why would banks and businesses use Stellar?
- D) To issue, exchange, and transfer tokens quickly and efficiently
Q: How does Stellar‘s Consensus Protocol work?
- E) It relies on the cooperation of trusted nodes to confirm transactions
Stellar links banks, payments systems, and people together on a single network. XLM powers transactions on this network. Stellar is optimized for fast, cheap cross-border transactions. Banks and businesses can use Stellar for asset tokenization and transfer. It uses a unique Consensus Protocol based on federated Byzantine agreement.
3. Compound (COMP)
Provide the questions and detailed explanations for the answers here…
And so on for all current and new Coinbase Earn cryptocurrencies…
Account Security Quizzes
Coinbase Earn also rewards users for taking quick account security quizzes. This covers things like password best practices, avoiding scams, protecting your private keys, and more.
Here are the latest security quiz questions and answers:
Q: Which is not a requirement for a strong password?
- A) Memorable (easy to remember)
Q: Which is not a form of 2-step verification?
- B) 1Password
Q: Which of the following should you never share?
- C) Your seed phrase
Q: Which checks should you perform periodically to keep your account secure?
- D) Check devices with access to your account
Etc…
Providing good security practices like using complex passwords, 2FA, avoiding phishing, and never sharing private keys or seed phrases.
So there you have it – all the latest Coinbase Earn quiz answers in one place. I hope this guide has been helpful and you can use it to maximize your earnings!
Pro Tips to Earn More Free Crypto
Now that you‘ve got the quiz answers down, here are some insider tips and tricks I‘ve learned to boost your Coinbase Earn rewards:
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Check for new quizzes frequently – new ones are added every few weeks so check back often
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Watch the videos fully – don‘t just skip ahead to the quiz, the videos provide important info
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Refer your friends – get $10 in BTC for each friend that earns $100+ in crypto
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Take your time – no need to rush, carefully read each question and double check your answers
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Do the lessons – completing Coinbase‘s educational lessons often unlocks special earn opportunities
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Link Coinbase and Pro – linking your accounts enables more earn opportunities
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Maximize referrals – share your referral link online or with crypto-interested friends to earn more
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Visit the Earn page – sometimes there are extra tasks on the page with other rewards
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Don‘t get discouraged – some cryptos get removed and added back later, so check again another time if a quiz isn‘t available
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Have fun learning! – the quizzes really do provide useful intro knowledge!
Closing Thoughts
Phew, I know that was a lot of information! But I hope this complete Coinbase Earn guide has provided everything you need to maximize your earnings.
At the end of the day, Coinbase Earn offers an exciting way for crypto beginners to dip their toes in while earning small amounts of real cryptocurrencies. Who doesn‘t love free money, right?
Even though the rewards are small, they add up over time and give you some crypto to experiment with and learn the ropes.
Be sure to take advantage of this great Coinbase program! Just don‘t get too addicted to answering the quizzes – learning about crypto is fun but taking breaks is healthy too!
Let me know if you have any other questions. Happy earning!
