Coinbase Referral Promotion Summary
| Item | Description |
|---|---|
| Coinbase Referral Code | GNZ5DZZ |
| Coinbase Referral Link | Click here |
| Coinbase Referral Promotion Summary | “GNZ5DZZ” is the Coinbase referral code for 2024, get bonus $20 BTC free! Coinbase T&Cs apply. |
Table of Contents
1. Introduction
Coinbase is one of the most popular cryptocurrency platforms worldwide, offering a secure and user-friendly experience for buying, selling, and managing digital assets. Its appeal extends to Singapore users with features tailored to local needs, such as Singpass integration and FAST transfers. New users can also benefit from a $20 BTC referral bonus by signing up via referral code “GNZ5DZZ” or the Coinbase referral link, verifying their identity, and making an eligible purchase. However, note that purchases made on Coinbase Advanced, Coinbase Pro, or Prime Broker do not qualify for the bonus. Coinbase Terms and conditions apply.
2. About Coinbase
Founded in 2012, Coinbase has grown to become the largest cryptocurrency exchange in North America and was publicly listed on 14 April 2021. The platform’s mission is to create an open financial system for the world, enabling seamless transactions between merchants and consumers using digital currencies. Its global reach and commitment to compliance have made it a trusted choice for millions of users.
3. Regulatory Compliance
Major Payment Institution License (October 2023)
Coinbase Singapore received a Major Payment Institution license from the Monetary Authority of Singapore (MAS), allowing it to provide regulated Digital Payment Token (DPT) services. This ensures a secure and compliant environment for local users.
Travel Rule Requirements (September 2023)
To align with global anti-money laundering standards, Coinbase requires additional counterparty information for transactions involving non-Coinbase addresses. This rule applies to deposits and withdrawals initiated by Singapore users.
4. Risk Disclosure
REFER.SG would like to caution users of potential risks associated with holding cryptocurrencies on its platform. In the event of bankruptcy, custodially held crypto assets may be subject to proceedings, and customers could be treated as unsecured creditors. Unlike traditional investments, cryptocurrencies are not protected by insurance bodies like the Federal Deposit Insurance Corp. (FDIC) or the Securities Investor Protection Corp. (SIPC). This highlights the importance of understanding the unique risks of crypto investing.
5. Features for Singapore Users
Convenient Registration
Singapore users can easily sign up with Singpass, streamlining the registration process.
Efficient Transfers
Users can fund their accounts via FAST transfers at no additional cost, making transactions swift and hassle-free.
Staking Services for Accredited Investors
As of October 2024, Coinbase restricts staking products and services to accredited investors due to incoming regulatory changes. Criteria for accredited investor status include:
- Income: Minimum S$300,000 in the last 12 months
- Net Personal Assets: Exceeding S$2 million (with up to S$1 million from the primary residence)
- Net Financial Assets: Exceeding S$1 million
6. Supported Cryptocurrencies
Coinbase supports a wide range of cryptocurrencies, catering to diverse investment preferences. Users can explore the complete list on the platform.
7. Personal User Experiences
Ease of Registration
Registration is quick and straightforward. After creating an account with an email and setting up two-factor authentication (2FA), users must verify their identity by uploading a photo ID. This process takes only a few minutes.
Challenges with Credit Card Transactions
Using a credit card to purchase crypto on Coinbase can incur cash advance fees, which are not imposed by Coinbase but by the credit card issuer. To avoid such fees, users are advised to use debit cards.
Learning Rewards Program
Coinbase’s ‘Learning Rewards’ program allows users to earn free altcoins by completing educational mini-courses. Past rewards include tokens like VeChain (VET), Polygon (MATIC), and Stellar Lumens (XLM). The process often involves answering quiz questions or performing specific wallet actions.
8. Risks of Cryptocurrency Investing
Cryptocurrency investments come with high volatility and significant risks. Prices can fluctuate dramatically, leading to potential losses. It is crucial for investors to educate themselves about cryptocurrencies and familiarize themselves with the associated risks before investing.
9. Conclusion
Coinbase stands out as a robust platform for beginners and seasoned crypto enthusiasts alike, offering a user-friendly interface, compliance with Singapore regulations, and a wide range of cryptocurrencies. However, it is vital to balance opportunities with the risks inherent in crypto investing. By staying informed and cautious, users can make the most of their Coinbase experience.
Frequently Asked Questions (FAQ)
What is the Coinbase referral code?
The Coinbase referral code is GNZ5DZZ, get bonus $20 BTC free! Coinbase T&Cs apply.
How do I get $20 from Coinbase?
To get $20 from Coinbase, use the Coinbase referral code “GNZ5DZZ”.
Does Coinbase have a referral code?
Yes, Coinbase have a referral code, you can use Coinbase referral code “GNZ5DZZ” to get $20 BTC free under the coinbase referral program.
Does Coinbase give you $20 dollars?
Yes, Coinbase give you $20 dollars when you sign up with referral code “GNZ5DZZ”.
What is the reward for signing up for Coinbase?
The reward for signing up for Coinbase is $20.
What are the other crypto investing platforms available?
The other crypto investing platforms available would be Coinhako.
Coinbase Review
Coinbase Referral Code 2024: GNZ5DZZ (FREE $20 BTC Bonus)
Coinbase Referral Code: "5O4BJS". Receive US$10 worth of BTC bonus, Coinbase's T&Cs apply.
4.6
