Coinbase is one of the most trusted cryptocurrency exchanges in the world. The trading platform is available in more than 100 countries, making it easier for investors to trade cryptos of their choice. In addition to the traditional trading app, Coinbase also has a ‘Coinbase Wallet’ that gives the user full control over the keys.
The private keys are stored directly on the users’ devices than on the crypto exchange. In addition, Coinbase also has a feature that allows users to leverage cryptocurrency to earn passive or regular income from their assets. This brings in extra income and puts your cryptos to work.
This article will guide you in deploying your cryptocurrency on Coinbase to earn additional or regular income.
Also read: GTA 6 Cryptocurrency Will Be A Parody Of Blockchain Technology?
How To Put Cryptocurrency On Coinbase
Several investors are putting their cryptocurrency on Coinbase to earn additional income from their holdings. Follow the steps below to bet your cryptocurrency on Coinbase:
- Create a Coinbase account. You can get started from here†
- Once you are logged into the Coinbase account, select the ‘Proof of stake’ cryptocurrency option.
- The option opens a list of cryptocurrencies that you can buy and wager.
- Buy the target cryptocurrency you want to bet and complete the transaction.
- Once the transaction is complete, select the ‘Stake’ tab from the drop-down menu at the top right.
- Read the return conditions and timeline and click ‘accept’ if you want to continue.
- Click on ‘bet’ and deposit the number of tokens purchased on Coinbase that you wish to bet.
- Once you have deposited the required amount of cryptosCoinbase starts betting your cryptos automatically.
- The wagering rewards will be sent directly to your wallet according to the stated conditions.
Remark- Only cryptos purchased through the proof of stake option can be wagered on Coinbase.
Also read: Solana Mobile Phone: What is the Solana Phone ‘Saga’ and when will it be launched?