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Hey Guys,
Welcome back to the channel, today I’m going to explain to you how you can earn over $250 over time of cryptocurrency, including Bitcoin, absolutely free!
After the meteoric rise and crash of bitcoin and other cryptocurrencies in 2017 the cat is out of the bag about the power of Crypto. Bitcoin made many millionaires in its bull run in 2017 and is looking on a similar trajectory now, as we head towards the end of 2020. If you want to capitalise on all of this without going out of pocket for it, then Coinbase may have the solution!
First, some quick background. As per the dictionary definition: A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology.
Put into simple terms to make a cryptocurrency you use digital files to replace money, and then you scramble every detail of these using a complex algorithm that harder to solve that a 1 million sided Rubix cube. And voila, you have a digital currency that is incredibly secure and difficult to hack or maliciously manipulate.
Blockchain technology is essentially a record of transactions of a cryptocurrency that is again scrambled and secured. Each block is a set of transactions which are not controlled by one single person or authority, increasing the security as there’s no one who can leak the password or steal the data from the block.
So why use or invest in cryptocurrencies?
1. Cryptocurrencies remove the need for a third party such as a bank for transfers, so you can send money with very low or zero transaction fees depending on the currency
2. Autonomy – cryptocurrencies allow users more autonomy and control over their money than fiat currencies. Users can control how they spend without dealing with an intermediary authority like a bank or the government
3. Discretion – if you want you can do all your transactions without them being linked to your ID, that means although the transaction can be viewed, you would not be associated to it. This has been highlighted as a risk of crypto as it could help keep fraud and crime anonymous
4. Speed – bitcoin transfers and payments are not limited by FX so can happen internationally almost instantly
Now for the free Crypto:
So what you’re going to need to do it to create an account with Coinbase using the website or the app – earning rewards works best on the website so use a laptop for optimal free money earning.
Now that you’ve made an account click the “rewards” tab at the top of the screen.
Then it’s as simple as clicking on each of the quizzes that you want to do and watching the videos + answering the questions. Don’t worry about getting the questions wrong as you get an unlimited number of tries to get it right
Once you’ve completed each question or section you’ll earn free crypto which will show up in your portfolio.
Repeat this process for all of the quizzes and there you go, you’ve just earned over £100 of free cryptocurrency in roughly 30 minutes.
The only thing I want to point out about Coinbase is that withdrawing money from Coinbase can be rather difficult or convoluted. The best way to do this is to use Coinbase Pro in order to sell your crypto into gbp (or your local currency) then transfer this back to Coinbase and withdraw to your bank account.
And that’s how to get free cryptocurrency and pave your way to HODLing or just cashing in on a quick £100.
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Disclaimer: I am not a financial adviser. My videos are for entertainment purposes only, the ideas and topics covered are personal opinions. You are solely responsible for the financial decisions you make.