Bitcoin and other cryptocurrencies have long since established themselves in the everyday lives of many people. Central banks are also increasingly working on solutions to introduce digital money to the masses. The switch from cash to digital currencies may already be in full swing.
The coronavirus is also a catalyst that significantly accelerates digitization. For health reasons, many providers are already switching to contactless payment. In addition to simple payment via smartphone, many other positive properties of cryptocurrencies have also stood out. This also applies to decentralized finance (DeFi), which enables borrowing and lending based on the blockchain.
Coinbase as the market leader in digital currencies
As a leading driving force, Coinbase is a major contributor to growth. Through various projects, it enables its customers to receive their first cryptocurrencies completely free of charge. This is intended to help users develop a general understanding of the new ecosystem.
In order to receive the remuneration, no consideration is necessary, and there are no clauses or similar dubious methods behind it. New customers can receive a $ 10 bonus for registering.
Coinbase Learn: Watch the video and take the quiz
In order to receive the first remuneration, new customers must participate in the Coinbase Learn program.
This includes several videos on various cryptocurrencies, which only take a few minutes and are easy to understand. The questions must then be answered correctly in order to receive the reward. However, the solutions to the respective questions are also publicly available on the Internet.
Some of the cryptocurrencies on offer are only available for a limited time. However, Coinbase plans to regularly add new cryptocurrencies to the program, which means that the range is steadily increasing.
Coinbase Learn: Stellar (XLM)
Stellar (XLM) enables users to make transactions worldwide and free of charge. Customers can earn up to $ 50 through XLM Learn.
Coinbase Learn: Compound (COMP)
Compound (COMP) allows users to lend their cryptocurrencies and thus receive interest. COMP Learn enables customers to earn up to $ 59.
In addition to the cryptocurrencies mentioned here, there are others on Coinbase that pay out a fee for participating in the quiz. Including MAKER (MKR), Algorand (ALGO) and CELO (CGLD) each with $ 6 as a reward. The Quiz about ZCash (ZEC) pays $5.
Cryptocurrencies simply explained
Cryptocurrencies are digital currencies that often work on the basis of the blockchain. This ensures the security of the assets and ensures their authenticity. It is therefore not possible to counterfeit digital currencies.
Thanks to the independent storage in a wallet, there are also no costs for the user. They can conveniently pay by smartphone and receive transfers. Many cryptocurrencies are linked to official national currencies, which means that they are not subject to exchange rate fluctuations.
The European Central Bank (ECB) is also already researching a method to introduce central bank digital currencies (CBDC). Test models are already running in China and Sweden to test the local digital currency.
In addition to being used as a means of payment, cryptocurrencies can also take on other functions. For example, they serve as evidence or access authorization for certain services. This makes it a useful tool for many businesses. Facebook has also announced a digital currency called Libra, which as an international standard could introduce a new form of payment.
The biggest marketplace to buy and trade almost every cryptocurrency is Binance.
