Earn Free Crypto: Answers To The CoinBase Earn Quiz Questions

CoinBase, one of the world’s largest cryptocurrency brokers, are offering you the ability to earn free cryptocurrency as a reward for answering quiz questions on specific currencies with CoinBase Earn. Here are all the details, including answers to all the Coinbase Earn quiz questions (this post will be updated with future quiz answers too).

What Is CoinBase Earn?

CoinBase Earn allows you to earn free cryptocurrency by answering short quizzes on a selection of currencies. Whether you’re new to cryptocurrency, or not, you can just think about this as a quick way to make some extra money.

CoinBase Referral Bonus: Sign Up To CoinBase with my referral link to get $10 (or local currency equivalent)

You’ll watch short videos and you’ll have to answer a question on each one (don’t worry, I’ve included all of the quiz questions and answers below).

You can click the answer as soon as it pops up on the screen so you don’t have to watch each video in full. And don’t worry if you mis-click, you can just try again if you don’t get it the first time.

You’ll earn a few dollars worth of that cryptocurrency as a reward for each answer which will be added to your CoinBase wallet immediately.

Not every cryptocurrency that CoinBase offer is available to earn (you can’t currently earn Bitcoin for example). And the rewards are limited in number, so when they run out, it might be a while before they’re replenished.

Why Are CoinBase Offering Free Currency?

Basically, CoinBase receive earnings from the asset issuer (eg. Compound or EOS). As one of the largest cryptocurrency brokers, it’s an easy way for asset issuers to get fresh eyes on their new crypto-offering. So, really, it’s a win-win for everyone. You get free crypto, CoinBase earns from the asset issuer, the asset issuer gets to market their product.

How To Sign Up To CoinBase Earn

Go to CoinBase Earn and start any of the ‘courses’. If you’re a new customer, you’ll be asked to set up a free CoinBase account. It can take up to a day to get verified but usually it only takes a few hours.

Once you’ve signed up, go through each available quiz, one by one, earning all the available cryptocurrency that you can. You’ll earn $1-$3 per quiz question. If you use the answers listed below, you won’t have to watch each video, which means you can do all of this in a few minutes.

If the rewards run out, you’ll be put on a waitlist and notified if any more become available. However, you may not be notified if a new cryptocurrency is added to the list so I’d check back every once in a while. If any more are added, I’ll update this post with the answers below too.

Algorand (ALGO) Answers

1. By being scalable, secure and decentralised

2. A randomly selected ALGO token

3. Algorand Standard Asset (ASA)

Ampleforth Governance Token (FORTH) Answers

1. Rebases

2. AMPL and FORTH

3. DeFi Building Block

BAND Answers

1. Real World Data

2. Oracles

3. Earn Crypto Rewards

Basic Attention Token (BAT) Answers

1. There are too many ads and data trackers

2. It is a free, open source web browser built for privacy

3. Users get paid BAT for viewing opt-in ads, and publishers get rewarded when users pay attention to their content

Celo (CGLD) Answers

1. By making crypto accessible on mobile phones

2. Staking, governance

3. Using the Valora mobile app

Compound (COMP) Answers

1. Earning interest on your crypto

2. Supply a crypto asset as collateral

3. COMP token holders

Dai (DAI) Answers

1. A decentralized stable coin that aims to be worth one US dollar

2. Decentralized and borderless

3. Open a CDP with Maker

EOS (EOS) Answers

1. A blockchain protocol for fast, scalable applications

2. Delegated proof of stake

3. Fast, free transfers

4. Stake EOS tokens

5. Upgradable smart contracts

Filecoin (FIL) Answers

1. A decentralised marketplace for data storage and retrieval

2. Proof of replication and proof of spacetime

3. By its content

Graph (GRT) Answers

1. Blockchain Data

2. GRT

3. Curators

Kyber (KNC) Answers

1. Exchange one Ethereum token for another

2. Ethereum

3. Liquidity

Maker (MKR) Answers

1. MKR and DAI

2. MKR Holders

3. A crypto wallet and crypto collateral

NuCypher Answers

1. End-to-end encryption

2. Independent nodes to perform tasks

3. Paying ethereum transaction fees

Numeraire Answers

1. A global community of data scientists

2. To backup predictions and earn rewards

3. Nothing

Orchid (OXT) Answers

1. A peer-to-peer privacy tool

2. The OXT token, a Web3 wallet, and the Orchid app

3. Support for multi hop configurations between bandwidth providers

Ox (ZRX) Answers

1. To create a tokenized world, through the frictionless, peer-to-peer exchange of tokens

2. A new way to trade tokens and cryptocurrencies with other people

3. It can be used to pay relayer fees and participate in protocol upgrades in the future

Polygon (MATIC) Answers

1. Ethereum

2. Polygon Validators

3. An internet of blockchains on Ethereum

Stellar Lumens (XLM) Answers

1. A decentralized protocol that unites the world’s financial infrastructure

2. Facilitating low-cost, universal payments

3. Transactions are fast, inexpensive, and global

Tezos (XTZ) Answers

1. Formal verification

2. A decent computer, an Internet connection and 1 roll of Tea (8,000 XTZ)

3. The formal governance process

Zcash (ZEC) Answers

1. A privacy protecting crypto

2. It keeps your financial info safe so it can not be sold

3. Through a cryptographic breakthrough known as zero-knowledge proof

Earn Referral Rewards

You’re also able to earn additional Cryptocurrencies rewards for referrals. Once you’ve completed the quiz questions for specific currencies, you’ll be able to refer a limited number of friends for special access. All your friend has to do is sign up and complete one lesson and you’ll get a $10 reward each time.