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Earning while learning

Earning while learning WikiBit 2022-04-14 23:33

As previously stated, faucets are great for learning about cryptocurrency, but they are limited in terms of the amount you can claim. If you're serious about obtaining cryptocurrencies without taking any risks, you'll need to look for other ways to make money that guarantee a higher return.

  • Why do cryptocurrency ventures pay you to learn about their product?

  • The best opportunities in terms of work vs. reward

  • What the procedure entails

  • Earnings from Internet Browsing

As previously stated, faucets are great for learning about cryptocurrency, but they are limited in terms of the amount you can claim. If you're serious about obtaining cryptocurrencies without taking any risks, you'll need to look for other ways to make money that guarantee a higher return.

One such method is to use Coinbase.com's popular earning and learning system. This has the dual purpose of providing you with cryptocurrencies while also enhancing your understanding on how to use it.

Here's how it works and how you may maximize your earnings while learning.

How to get money while you study

The educational portal from cryptocurrency exchange Coinbase has a simple slogan: “Earn crypto while learning about crypto.”

You can earn a small fraction of a token by viewing films and doing quizzes about cryptocurrency projects whose tokens are listed on Coinbase.

For understanding about how Maker works, for example, you may earn $6 in MKR tokens and an amazing $50 in XLM.

According to the table below, if you looked at all of the Learn and Earn courses that Coinbase has ever provided and held on to your crypto rewards, you would have made $460 by January 18th 2022, with a 58 percent price rise for all of the coins received.

Keep in mind that these statistics have dropped since most cryptocurrencies reached their All-Time Highs in August 2021, but they still demonstrate that with patience, you may earn considerable amounts of crypto over time simply by learning about new projects.

Crypto Date Added Reward ($) Value At Launch Value 18/01/2022 Reward 01/07/21 % Change
BAT 06/02/2019 10 0.1 0.98 98 880
ZEC 15/02/2019 3 51.43 133.06 7.76 158.72
XLM 26/03/2019 50 0.10 0.25 125 150
ZRX 01/04/2019 3 0.34 0.71 6.26 109
DAI 23/04/2019 20 1.00 1.00 20 0
EOS 01/06/2019 50 7.85 2.80 17.83 -64
XTZ 06/11/2019 6 1.31 3.95 18.27 205
OXT 18/12/2019 52 0.34 0.31 47.41 -9
COMP 23/07/2020 9 160.93 176.82 9.89 9.9
CELO 3/09/2020 6 4.32 4.45 6.18 3
MKR 01/10/2020 6 574.57 2,057 21.49 258
ALGO 16/11/2020 6 0.27 1.32 29.33 389
BAND 09/12/2020 3 6.65 5.10 2.30 -23
GRT 10/12/2020 3 0.27 0.53 5.89 96.30
FIL 10/12/2020 6 30.70 60.37 11.80 96.7
NU 21/01/2021 3 0.21 0.60 8.57 186
KNC 27/07/2020 6 1.37 1.55 6.79 13
NMR 26/02/2021 3 37.01 27.22 2.20 -26
UMA 26/03/2021 6 21.89 8.00 2.19 -63
FORTH 23/04/2021 3 39.41 7.13 0.54 -82
SKL 13/05/2021 3 0.47 0.15 0.96 -68
MATIC 19/05/2021 3 1.66 2.13 3.85 -28.3
AMP 11/06/2021 3 0.073 0.04 1.64 -45
BOND 28/06/2021 3 28.38 14.60 1.54 -47
CLV 16/07/2021 3 0.78 0.56 2.15 -28
FET 12/08/2021 3 0.49 0.45 2.76 -8
RLY 24/08/2021 3 0.58 0.33 1.71 -43
BAL 23/07/2021 3 18.65 15.57 2.50 -17
MLN 16/11/2021 3 116.62 73.7 1.90 -37
Total $291 $459.59 58%

Because Coinbase is a trusted and regulated US exchange that is now a publicly traded firm, the content on its educational portal is of high quality. Unlike many bitcoin faucet websites, Coinbase's platform isn't spammy, and the information you'll gain from completing their educational primers is really beneficial.

$460

The profit you'd have made if you'd finished all of Coinbase's tasks as of January 18th, 2022. Learn how to run free crypto campaigns.

Not only that, but because of Coinbase's clout, when it offers new coins, it has a big impact on their price, as a large new audience is exposed to them, resulting in increased volume.

According to Messari, this translates to a 91 percent increase in the price of freshly listed coins over the course of five days.

The significance here is that Coinbase Earn and Learn programs go live at the same time as the coins are posted for trading on the platform.

91% of the time

The average price increase of new coins listed on Coinbase in the first five days.

What's the catch, then?

When it comes to claiming something for free on the internet, there is always a trade-off. If you want to use Coinbase Earn, you must first create an account and authenticate your identity. This entails presenting a driver's license, passport, or national identification card.

It's up to you to determine if that's a reasonable price to pay to get your hands on $100 or so in free cryptocurrency.

Coinbase is required to comply with all government requests for user data because it has applied for an IPO and operates in the United States, where the bitcoin business is heavily regulated.

(58%)

Coinbase's aggregate rewards have increased. Earn money from all of your campaigns

You may have heard about the Financial Crimes Enforcement Network's (FinCEN) contentious proposal to link bitcoin wallets to verified identities in the United States.

. If this regulation is implemented, any cryptocurrency you withdraw from Coinbase Earn will be delivered to a personal wallet linked to your Coinbase verified identity, which isn't ideal from a privacy standpoint.

This rule might not pass, or it might be softened down to exclude low-value consumer withdrawals, but it's something to be aware of. Meanwhile, if you're thinking about utilizing Coinbase Earn, be aware of the privacy trade-offs it currently has and may have in the future.

Coinbase's strategy has been repeated with varied degrees of success. For example, Coinmarketcap rushed to put together a comparable service, but the benefits were paltry in contrast, and the program was badly implemented.

Read our blog post for a detailed comparison of Coinbase Earn and Coinmarketcap's learn and earn methods.

With the Brave browser, you may earn cryptocurrency.

Another crypto-friendly company that allows you to earn cryptocurrency is Brave, the web browser that has its own token called BAT. You may have heard of it.

Brave is a part of the attention economy, which refers to people who volunteer their time to engage with content that brands want them to view. BAT stands for Basic Attention Token, and it is given to users who give advertisers their time by watching advertisements.

You don't get paid to watch an advertisement on YouTube or Facebook, but it's different on Brave.

When you enable Brave Rewards in the browser, you can earn “frequent flier-like tokens for seeing privacy-respecting adverts,” according to Brave. You can control how many adverts you see per hour.

Ads aren't most people's notion of fun, and watching them every hour isn't going to make you rich. The Brave Rewards program, on the other hand, is well-designed and incorporated into the web browser, and it will assist you in learning about cryptocurrency wallets and how to use them while you browse. The user experience is greater to bitcoin faucets that also need you to watch advertisements.

€10-20

What you can make in BAT per month if you use the Brave Browser on a regular basis.

You can even use BAT to tip content creators or reward your favorite live streams because Brave has established an entire economy based on the token.

Even if you don't want to watch commercials to earn BAT, interacting with Brave and earning, spending, and receiving crypto through the built-in wallet is a terrific way to broaden your understanding and enjoyment of what crypto can achieve.

With ordinary browsing time, you can earn €10-20 per month, which you can put towards NFTs and which could be worth a lot more in the future.

Brave Rewards requires less personal information to join up and participate than Coinbase Earn.

If you want to earn cryptocurrency but don't want to reveal all of your personal information, this is the better of the two solutions from a privacy standpoint.

Review

We've looked at two simple ways to earn crypto that don't involve faucets, forks, or airdrops in this article. Coinbase Earn and Brave Rewards are well-designed programs from well-known organizations that know a lot about cryptocurrency. Both products will help you learn more about cryptocurrency while also giving you free tokens:

  • Coinbase does this by requiring you to view videos and complete quizzes about certain cryptocurrency projects.

  • Brave by assisting you in learning how to use a cryptocurrency wallet while you browse the web.

However, neither of these options is perfect from the standpoint of the user. Coinbase has reduced the scope of its reward scheme and requires you to completely authenticate your identity. Meanwhile, Brave Rewards entails watching advertisements, and earning a reasonable number of BAT will take a long period.

In our next article, we'll look at how you can make extra money with cryptocurrency by engaging in referral, bounty, and affiliate programs.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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