Grab Free Crypto: Answers To The CoinBase Earn Quiz Questions - October 2021

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) for October 2021.

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/slideshows 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 skip to the end and click the answer as soon as you like. And since I’ve published the answers below, you can just skip through and click the correct one. 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.

Get More Free Crypto With These Crypto Referral Bonuses:

CoinBase Earn Quiz Answers

Links to each quiz included

Algorand (ALGO) Answers

  1. By being scalable, secure and decentralised

  2. A randomly selected ALGO token

  3. Algorand Standard Asset (ASA)

Amp (AMP) Answers

  1. A Collateral Token

  2. Instant Settlement Assurance

  3. AMP Rewards

Ampleforth Governance Token (FORTH) Answers

  1. Rebases

  2. AMPL and FORTH

  3. DeFi Building Block

Balancer (BAL) Answers

  1. Trade crypto

  2. Self-balancing

  3. Balancer’s governance

BAND Answers

  1. Real World Data

  2. Oracles

  3. Earn Crypto Rewards

BarnBridge (BAND) Answers

  1. A DeFi Risk Management Protocol

  2. An APY Risk Management Tool

  3. BarnBridge’s Governance Token

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

Chiliz (CLZ) Answers

  1. Sports and entertainment

  2. Participating in Fan Token Offerings

  3. USA

Clover Finance (CLV) Answers

  1. dApps with cross-chain compatibility

  2. clover finance wallet

  3. DeFi

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 (FET) Answers

  1. Software agents that automate tasks

  2. To power agents

  3. Automated interactions with industries like travel and healthcare

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

  4. Delegate GRT to a high quality indexer

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

Rally (RLY) Answers

  1. A decentralized network for launching social tokens

  2. Paying Ethereum transaction fees

  3. Buying Bitcoin

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.

For example, I’ve got referral offers for BAND, EOS and XLM

What To Do With Your CoinBase Earn Rewards?

You have a few options here. You can keep them as is (you never know what they might be worth in future), you can convert them to other cryptocurrencies (eg. Bitcoin) or you can sell them.

CoinBase do have trading fees and they vary greatly based on a number of factors (see Coinbase Fee details here). In general, there are no fees for converting one cryptocurrency to another (eg. EOS to Bitcoin). But there are fees when exchanging cryptocurrencies for your local currency (eg. EOS to GBP).

Since you’ll be earning only a few dollars of each cryptocurrency, you could convert them all into Bitcoin (conversions are fee-free) and then sell the Bitcoin in bulk. This will reduce your fees paid overall.

The higher the value of the transaction, the lower 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 (eg. Bitcoin) and exchange them all for your local currency in one go.

So, there you have it! An easy way to earn free cryptocurrency. Let me know how you get on! Comment below or tag me on Twitter @AndrewYBlogs or Instagram @capitalmattersblog

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