Cryptocurrency is no longer just for investors — it’s now a real tool for everyday people to grow their income and protect their savings. If you’re wondering how to use Coinbase to make and save money, this guide will walk you through all the features Coinbase offers — from earning free crypto to reducing remittance costs and staking for passive income.
Let’s break down how you can turn this popular crypto platform into a money-making and money-saving machine.
What Is Coinbase?
Coinbase is a cryptocurrency exchange where people can buy, sell, and store digital currencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Launched in 2012, it’s one of the largest and most trusted crypto platforms in the world, with over 100 million users.
You can think of Coinbase as a combination of:
- A bank for your crypto
- A marketplace for trading coins
- A learning platform that pays you in crypto
- And in some cases, a cashback card provider
It’s available in over 100 countries — including the US, UK, Nigeria, Ghana, Kenya, and South Africa — making it a good entry point for people in Africa and the diaspora looking to earn globally.
How to Make Money on Coinbase
1. Coinbase Earn – Get Paid to Learn
Coinbase offers free short courses about different cryptocurrencies. After watching a few 2-minute videos and answering simple quiz questions, you get rewarded in crypto (usually between $3 to $10 per course). You don’t need to invest any money — just your time and attention.
Example: Learn about Stellar (XLM), and you could earn $5 in XLM instantly.
2. Crypto Staking – Passive Income
When you buy certain cryptocurrencies (like Ethereum, Solana, or Cardano), Coinbase lets you “stake” them — which means you’re helping secure the network in exchange for regular rewards. It’s like earning interest from a savings account.
Typical rewards: 3%–6% annually, depending on the coin.
3. Trading or Investing
Buying low and selling high is the classic method. While trading takes more strategy, long-term investing (called “HODLing”) is how many people have multiplied their money. If you bought Ethereum five years ago, you’d have seen massive returns. Even $100 in Bitcoin during dips can grow over time.
Tip: Always start small and never invest what you can’t afford to lose.
4. Coinbase Card (For US & UK Users)
Coinbase offers a Visa debit card linked to your crypto wallet. Every time you spend, you earn crypto cashback (usually 1% to 4%, depending on your settings). This allows you to make money while shopping.
How Coinbase Helps You Save Money
1. Low Minimum Investment
Unlike traditional investments, you don’t need thousands of dollars. With Coinbase, you can start with as little as $1 or its equivalent in your local currency.
2. Safe Storage
Storing crypto in a reliable wallet is important. Coinbase provides a secure wallet that’s insured and protected. You avoid the risk of losing your funds to third-party fraudsters.
3. Avoiding Remittance Fees
Sending money across countries can be expensive with traditional banks. Using crypto on Coinbase allows for faster and cheaper international transfers. If you’re in Africa receiving money from family in the US or UK, crypto can cut costs significantly.
4. Dollar-Based Savings
Crypto allows users in Africa to save in stablecoins (like USDC or DAI) which are tied to the US dollar. This helps you protect your money from local currency inflation.
Is Coinbase Safe to Use?
Yes — Coinbase is one of the most regulated and secure platforms globally:
- Publicly traded on the NASDAQ
- FDIC-insured USD balances (for US customers)
- Industry-grade encryption and two-factor authentication
- Strong reputation for transparency and safety
However, always:
- Use strong passwords
- Enable 2FA (Two-Factor Authentication)
- Be cautious with phishing scams
How to Get Started
- Create an account at coinbase.com
- Verify your identity (KYC)
- Add a payment method (bank, card, or mobile wallet)
- Start with Coinbase Earn or buy your first $10 worth of crypto
- Consider staking or using the Coinbase wallet for better control
Final Thoughts
Coinbase makes it easier than ever for everyday people — whether in New York, London, Nairobi, or Lagos — to access the crypto economy. Whether you want to earn while you learn, grow your digital savings, or reduce your reliance on local currency, Coinbase can be a smart tool to make and save money.
Just remember: Crypto is powerful but volatile. Always educate yourself and start small.
