How do Coinbase rewards work?

Coinbase distributes rewards, earned for the days in which you have a balance of at least $1 of USDC on Coinbase, every month. The higher your USDC balance, the more rewards you earn. Rewards are distributed within the first 5 business days of the following month into your USDC balance.

How to earn APY on Coinbase?

But you can earn rewards simply by buying and holding dollar-pegged stablecoins like Dai and USD Coin (USDC). As of June 2021, you can earn 2.00% APY rewards by simply holding Dai in your Coinbase account. You can also earn 0.15% APY for holding USD Coin — and can earn even more via USDC Lending (see tip No. 4). 4.

How to get free Crypto on Coinbase?

Sign up for Coinbase here! Coinbase will give you the $5 reward after placing your first trade on Coinbase. The next way to earn some free crypto with Coinbase is through Coinbase Earn. This is a built in feature within the Coinbase app that allows you to earn free cryptocurrencies in exchange for learning about them.

Does Coinbase use USDC?

Coinbase has no right to use any USDC that you hold at Coinbase. Coinbase is not a depository institution, and your USDC balance is not a deposit account. Your USDC balance is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC). What is USDC Rewards?