Coinbase Quiz Review
The Coinbase survey quiz section will reward you with free cryptocurrency in return for your quiz answers. Unlike traditional market research surveys, these simple quizzes aim to promote and raise awareness of new and emerging cryptocurrencies such as The Graph, Amp, SHPING, and Kava. After watching an educational video, you’ll be asked a few easy questions, usually worth around $1 per correct answer.
What is Coinbase?
Before you can earn free cryptocurrency by taking quizzes, you’ll need to sign up for a free Coinbase account. Coinbase is an online platform that allows users to buy, sell, and store various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. It provides a user-friendly interface for managing digital assets and various features for tracking market trends and executing trades. Coinbase also offers a range of security measures to protect users’ funds and personal information, such as two-factor authentication and insurance for certain digital assets.
Coinbase Learning Rewards
By going to the Learning Rewards section on Coinbase, you can see the types of rewards available. Each earning task is usually worth $3 – $5 in total, where you get $1 for each correct question. You can go back and forth as often as you want, so getting the answers right is easy.
How much can I make from Coinbase quizzes?
Here are some examples of Coinbase quizzes we have taken in the past:
- Stellar Lumens – 5 questions – £7.50 worth of XLM
- Fetch.ai – 3 questions – £2.22 worth of FET
- NEAR Protocol – 3 questions – £2.43 worth of NEAR
- AMP – 3 questions – £2.22 worth of AMP
Note that these opportunities might not be available anymore. The value of the rewards also fluctuates a bit per question. This is because of the currency effect between Dollars and British pounds.
How do I cash out my crypto rewards from Coinbase?
Redeeming your funds from Coinbase is easy. Sign in to your Coinbase Commerce account and click on the Withdraw button next to the relevant cryptocurrency in the Balances section. A window will pop up and ask how much you would like to withdraw and where you would like these funds to go. There is a 1% fee to convert and withdraw your crypto to cash in addition to standard network fees. On a positive note, the minimum amount to withdraw your funds is small – usually under $0.10.
Since you’ll only be earning a few dollars from each cryptocurrency, you could convert them into Bitcoin (conversions are fee-free) and then sell them in bulk. This will reduce your fees paid overall. The higher the value of the transaction, the lower the percentage fee you’ll pay. So, since you’re earning all of these separate cryptocurrencies, it might be better to convert them all to a single cryptocurrency (e.g., Bitcoin) and exchange them all for your local currency in one go.
Where can I find Coinbase quiz answers?
If you’re completely stuck, you can find Coinbase quiz answers on the internet.
As an example, here are the answers to the AMP Token (Coinbase AMP) quiz:
Coinbase Earn Amp (AMP) Quiz Answers
- Question 1: What is Amp?
- Answer 1: A collateral token
- Question 2: How is Amp used on Flexa today?
- Answer 2: Instant settlement assurance
- Question 3: What can you earn by staking Amp on Flexa?
- Answer 3: AMP rewards
However, it will probably take you more time to Google the answer than to go back and check the learning material again. If you’re generally familiar with cryptocurrency, you might not even have to pay attention to the videos.
Crypto Survey Sites Reviewed
- Easy to qualify and get the answers right
- Entertaining if you are into crypto
- Decent reward level compared to time spent
- Only a limited amount of learning opportunities
- You'll end up with many currencies worth very little