Is Coinbase Earn Worth the Hassle?
The short answer is yes, if you like making $155.55 for 5 minutes work ๐
And now that clickbait sentence is out of the way, lets get down to brass tax.
This was achieved by taking every coinbase earn opportunity I could during the bear market, and then forgetting about the altcoins I had earned. The truth is that my full coinbase earn portfolio is currently worth $290, and was recently worth $324 at the market peak on 13th Feb.
You could be forgiven for thinking that this type of opportunity is over. Altseason is well underway, so these types of gains are impossible you may think. This is simply not true. While it is true that you'd probably never make the same percentage of free gains I hopefully will from coinbase earn, it is entirely possible to make decent gains by using coinbase earn now.
Just do the tasks then leave it until near the end of this bull market before selling those coins. Or, if you fancy playing the altcoin lottery, keep an eye on how each coin is doing and sell them during market spikes to reinvest in other altcoins with more room for pump.
My point is that it is rarely a good idea to look a gift horse in the mouth. The sooner the better with coinbase earn, and with each task taking minutes to complete it is a no brainer.
How did I turn 5 minutes work into $155? Lets do some maths.
Taking the COMP earn promotion as an example, my initial payment for watching a three minute tutorial video about the Compound project and answering a few questions about the quiz, was roughly $19. This has now grown to $88 value through the coin's price rise. That is just under a five X or 50% return.
Similarly, the Stellar Lumens XLM promotion earned me $38 worth of XLM in total, for five minutes watching videos. As can be seen in the screenshot below I withdrew and sold over half of my earned portfolio (150 XLM) in June last year and the value of what is left has risen to $67 now. If I hadn't have sold them my XLM would be worth approx $140, over three X (30%) their value at the time of earning.
I honestly think that this altseason is far from over, which means the opportunity for some easy money from Coinbase earn is still there. As altcoin parabola seems to go in cycles this opportunity could possibly be compounded if you time it by doing the tasks at a point where Bitcoin shoots up and altcoins pull back. But that method trusts to luck.
Currently XLM & COMP promotions are still open via my links, also there are opportunities to make $6 of CGLD (Celo), $3 of NU (NuCypher) and $3 of GRT (The Graph) in the earn tab on coinbase. This might all seem like chump change, but those itty bits of crypto could turn into enough to get your car fixed, or to pay for a mini break next valentines day.
I plan to hold all of these altcoins until the end of the year when I hope the portfolio might pay for a budget holiday.
Who said money doesn't grow on trees! Benidorm here we come ๐
...Now for the affiliate link shilling.
Sign up to coinbase to buy crypto using my link-
https://www.coinbase.com/join/joyce_pa
Learn about Compound on Coinbase and get up to $40 worth of COMP using my link-https://coinbase.com/earn/comp/invite/xjs83471
Learn about Stellar on Coinbase and get up to $40 worth of XML using my link -https://coinbase.com/earn/xlm/invite/qby67wvn
Sign for the SwissBorg wealth app and earn up to $100 of free Bitcoin to kickstart your crypto portfolio - https://join.swissborg.com/r/rowanKC4M
Thanks for reading.
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