Can Coinbase Make You Rich? (What You Need To Know)

Cryptocurrency values have exploded over the last 10 years. It sounds crazy now, but almost 10 years ago a man paid for two pizzas with 10,000 bitcoin – maybe the most expensive pizzas in human history!

Still, a lot of folks remain a little bit on the fence about whether or not they can get rich leveraging the power of crypto through Coinbase. We can tell you that folks (every single day) make mountains of money on Coinbase trading different kinds of crypto – but there’s no guarantee that you’ll be able to replicate the results.

At the end of the day, making money in crypto relies on a whole lot more than just creating a Coinbase account, depositing some money, buying different types of crypto, and then hoping for the best.

On the other hand, for course, there are things you can do to sort of stack the deck in your favor.

Coinbase 101

One of the reasons that serious crypto investors (folks just getting started that want to get rich in crypto) choose Coinbase is because it is one of the largest – if not THE largest – crypto broker on the planet.

Operating in more than 100 nations worldwide and with more than 90 million users (as of early 2022), no other crypto platform has everything that Coinbase has to offer.

For starters, the entire platform is built around one of the easiest to use mobile applications in the crypto world. We are talking about a 100% free crypto app available for both iOS and Android devices, and nap perfectly designed with impeccable user interface elements as well as next level functionality.

Secondly, few other exchanges allow you to trade quite as many crypto options as Coinbase does.

As soon as you create your account (and get verified) you’ll be able to trade more than 100+ different crypto options right out of the gate.

That means there’s always potential to get in on the “next big thing” in crypto before its value really takes off.

Finally, Coinbase is one of only a handful of exchanges that also opens up a world of earning opportunities that don’t have to do exclusively with trading cryptocurrency. More on that in just a minute, though.

Can Coinbase Make You Rich?

When you get right down to it, Coinbase can help you become rich – even if it isn’t necessarily going to be the sole reason that you become rich in crypto.

Here are just a couple of different ways you can make money in crypto through Coinbase today.

Trading Crypto

The most obvious (and certainly the fastest) way to make a pile of money in crypto is to trade different currencies, to buy and hold currencies with the potential to “pop”, and to sort of play the crypto market the same way you might play the stock market.

Sure, it may be a while (if ever) before we see another cryptocurrency enjoy the kind of record growth and value explosion that bitcoin saw over the last 10 years.

At the same time, though, number of alt coins are really starting to separate themselves from the rest of the pack as well. There’s a lot of opportunity in Ethereum and (maybe) even a lot of opportunity in Dogecoin, too.

Trading crypto is definitely the number one way to make money with Coinbase.

Coinbase Earn

Coinbase Earn is another moneymaking opportunity available from this currency exchange, giving newbies to the crypto world an opportunity to learn and earn crypto at the same time.

Not a bad deal, right?

After signing up for a Coinbase account you’ll be given an opportunity to go through the Coinbase Earn program.

This training program gives you all the information and all the basic skills you need to understand the ins and outs of crypto, how to execute and perform crypto trades, and even how to read and measure the market.

That’s all well and good – setting a solid foundation of crypto knowledge is critical to having success and getting rich with cryptocurrency – but it’s the free crypto you earn at the end of the program that makes this a game changer.

You’ll receive a little bit of crypto (crypto of your choice) for going through the program. Think of that as a bit of “seed money” to get you rocking and rolling.

Staking Crypto

Staking crypto (using your crypto assets as a proof of stake for other currencies) can help you earn a tremendous amount of money from this digital asset, too.

Unlike a lot of other exchanges out there, Coinbase makes staking crypto about as simple and as straightforward as they make trading it.

Everything is self contained within the app, you are always in the driver seat regarding how your crypto stake unfolds, and by the time you’re done you’ll be able to generate passive income from your crypto without having to do any heavy lifting.

Buying NFTs

NFTs are quickly becoming a “next big thing” in the crypto world, with a lot of people considering them to be the closest thing to a new bitcoin that we are going to see for at least a couple of years.

Coinbase has move quickly to implement NFT options into the overall Coinbase platform. And while these options are still a little bit rudimentary, the fact that you can buy and save your NFTs through Coinbase – without having to go on to other exchanges – definitely bodes well for the future.

Lending Digital Assets

Finally, the digital “decentralized finance” lending world is really starting to take off.

Maybe instead of staking your crypto for a proof of stake and earning passive income that way you decide to lend your digital assets, generating a return you have a lot more control over – all while not having to do a whole host of heavy lifting, either.

Something to consider, anyway!

Closing Thoughts

Coinbase alone may not have the power to make you wealthy beyond your wildest dreams – but that’s because Coinbase is nothing but a tool to help you get the most out of the crypto market.

No, you’re going to need to be smart, strategic, and even get a little bit lucky to crack the crypto code these days.

But Coinbase definitely helps set you up for success all the same.

We hope this blog post helped you get a little bit better acquainted with everything that Coinbase has to offer.

If you have any additional questions or concerns feel free to reach out to us directly – we’d be more than happy to help you out!

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Can Coinbase Make You Rich? (What You Need To Know)