Coinbase is the second-largest crypto exchange, behind Binance, with over 68 million verified users and daily trading volume touching over 4 billion.
When you sign up using a valid Coinbase referral code (the link applies the code automatically) and complete a buy or sell order worth $100 of crypto, you receive a Coinbase referral bonus.
You can also invite friends to sign up for Coinbase accounts through your Coinbase referral link and earn crypto rewards.
This article walks you through how the Coinbase referral program works, how to find your Coinbase earn referral link, the trading fees on the platform, and the best crypto exchange in Canada (which offers a $50 bonus).
Coinbase Referral Code and Link (Up to $10 BTC Bonus)
Let’s have a little clarification. Unlike Binance, Coinbase doesn’t use a referral code system but instead uses a Coinbase referral link.
Once you click through the referral link and create your account, you’ll get a bonus after trading your first $100 USD worth of crypto.
For lower fees, Canadians looking to trade cryptocurrency can use Bitbuy. It offers a $50 bonus – see below.
Bitbuy Crypto Exchange
Get a $50 bonus if your initial deposit exceeds $250
Trade approx. 40 coins
Great for new & advanced traders
0% to 2% trading fee
How To Sign-up for Coinbase with a Referral Link
Signing up for Coinbase with our Coinbase referral link is pretty simple.
After you click the referral link, you’ll be redirected to a signup screen where you’ll be required to provide your personal details, confirm that you are 18+, and agree to the terms.
Then hit the “Create Account” button to start the account creation process. From there, verify your email and phone number, then proceed with the next steps to verify your identity.
Once your account is set up, load money or crypto into your account to purchase the cryptocurrency you want to trade or invest in.
To receive your Coinbase referral bonus, you must complete all the steps, and then buy or sell $100 USD worth of crypto.
Coinbase Overview
Launched two years after Bitcoin, Coinbase is one of the oldest crypto exchanges that enable retail investors, businesses, and institutions to buy and sell cryptocurrencies with ease.
It was founded in 2012 by Brian Armstrong and Fred Ehrsam.
It’s now available in over 100 countries and supports over 100 crypto coins, including Bitcoin, Ethereum, USD Coin, Cosmos, Tezos, Maker, Cardano, Chainlink, Bitcoin Cash, Uniswap, Aave, Tether, and others.
You can sign up for Coinbase with your computer via a web browser or with your smartphone through the Coinbase app.
Here’s a detailed Coinbase review.
How Coinbase Works
Coinbase follows KYC and AML guidelines. Thus, you’ll be required to verify your email and phone once you sign up, then upload the required documentation to verify your account by completing identity verification, proof of address, employment status, source funds, and more.
Once your account is verified, you can load money into your Coinbase wallets using a debit/credit card, bank account, or crypto wallet.
From there, explore the different crypto assets on Coinbase and buy coins of your choice.
If you signed up using a Coinbase referral code, you’ll get a $10 Coinbase referral bonus on your first $100 crypto purchase.
Coinbase Referral Program
Once you’ve signed up and become a Coinbase user, you can also take advantage of the Coinbase referral program and continue earning Coinbase referral rewards with your own referral link.
You can easily access your Coinbase referral link by visiting the Referrals Page on Coinbase.com or going to the Settings tab in the Coinbase mobile app.
Copy your link and share it on social media, email, text, and your favorite messaging apps inviting friends to sign up for a Coinbase account.
For each of your invites who signup, complete their account setup, and initiate a buy or sell order worth $100 of crypto, you both receive a $10 Coinbase referral BTC reward.
There’s no limit to the number of friends you can invite.
To get your Coinbase referral bonus, the buy or sell order must be completed within 180 days of account opening.
There’s no Coinbase Pro referral reward because orders placed on Coinbase Pro aren’t eligible for a referral bonus.
Coinbase Fees
Coinbase Pro uses a maker/take fee structure based on your 30-day trading volume. Maker fees start at 0.5% and decrease to 0.02% as your trading volume increases from $10K to 300M.
Taker fees start at 0.5% and decrease to 0.04% as your 30-day trading volume increases from $10K to 1B+.
That said, fees on Coinbase.com can be pretty high and complex.
You’ll incur a flat fee of $0.99-$2.99 for crypto purchases of $10-$200, and 1.49% to 3.99% for purchases above $200, depending on the purchase method used.
Is Coinbase Legit and Safe?
Yes. Coinbase is a legit and safe crypto exchange that has been in operation since 2012.
However, no crypto exchange is 100% hacker-proof, so it’s advisable to transfer your crypto assets into a hardware wallet.
Coinbase Alternatives in Canada
1. Bitbuy: This is one of the best crypto exchanges in Canada. You can trade multiple popular crypto coins and get a $50 bonus if you sign up and make an initial deposit of at least $250. It’s great for both new and advanced crypto investors.
2. Wealthsimple Crypto: You can trade 50+ different crypto coins. Sign up and deposit at least $150 for a $25 bonus.
3. Newton: Offers several crypto coins, but fees are higher. Sign up and trade $100 worth of crypto for a bonus.
Coinbase Referral FAQ
You can get a Coinbase referral bonus by signing up for a Coinbase account through a Coinbase referral link.
Sign up for a Coinbase account through the Coinbase referral link or invite friends through your Coinbase referral link to get a $10 Coinbase referral reward.
Yes, you can earn free crypto on Coinbase through Coinbase Learn.
Visit the Coinbase Referrals Page or the Settings tab on the Coinbase mobile app.
The best crypto trading platform in Canada is Bitbuy. You get a $50 bonus when you sign up and deposit $250.
Related:
- Binance Canada Review
- Best Crypto Trading Apps
- How To Buy Bitcoin
- What is Tether USDT?
- How To Get Free Bitcoin in Canada
Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.
