Learn to earn programs are an excellent way for crypto beginners to get involved with the world of digital currencies. These programs provide educational resources and support for people who want to learn more about crypto investing. And, you don’t need any special qualifications or previous knowledge of cryptocurrencies to start!
This article will give you insight into what a learn to earn program is, how they work, and where to get started.
What is learn to earn crypto, and how does it work?
Learn to earn crypto is a way for you to earn cryptocurrency by learning about it. Many platforms will give you free tokens just for completing certain tasks or quizzes, such as Coinbase Earn or Binance Academy. Not only is this a great way to learn more about cryptocurrencies, but you can also earn some free money in the process!
Most platforms will require you to create an account and then verify your identity. Once you’ve done that, you’ll be able to access a variety of tasks and quizzes. Each task or quiz will vary in terms of difficulty and length, but they all have one thing in common: if you complete them, you’ll earn free crypto!
Where can I learn and earn crypto?
There are multiple online resources for learn and earn crypto. Users can sign up for as many programs as they like and complete them at their convenience.
Coinbase is an online platform for buying, selling, and storing cryptocurrency. Their learn and earn program allows users to take free courses and quizzes. Each course rewards the user after completing the final quiz.
Available opportunities to earn crypto change each month, so be sure to check back often!
Binance Learn & Earn
Binance is a crypto exchange similar to Coinbase that also offers learn to earn rewards through its Binance Academy Learn & Earn programs. Only available to new Binance users, the program provides opportunities to earn reward certificates for free crypto.
These certificates sometimes require you to buy additional crypto in order to redeem. However, others only require a like or follow on social media. If you are not ready to invest your own money, keep an eye out for what the requirements are for claiming the reward.
CoinMarketCap is a crypto price tracking website. They partner with new projects and emerging currencies, offering courses where users can get rewarded with that particular crypto.
While CoinMarketCap doesn’t provide as many active courses, you can still review previous lessons without the reward.
BitDegree is a dedicated educational resource for crypto and the metaverse. They offer various rewards, including crypto and NFT certificates for completing courses. All courses follow the same structure, watch videos, take the quiz, and earn rewards in the form of “LearnDrops.” LearnDrops are rewards selected by the sponsor, which could be currency or a certification.
Cake DeFi Learn & Earn
Cake DeFi is a liquidity pool platform that enables users to earn passive income through staking (something you can learn about through Learn & Earn!). They also offer users the opportunity to earn small crypto rewards by completing lessons and quizzes on different currencies, including Bitcoin, Ethereum, and their own DeFiChain token.
Rewards are “frozen” for a one-month period, which you can then unlock and redeem through Cake DeFi’s staking platform.
Phemex Learn & Earn
Phemex is a crypto trading and investment platform. Like Coinbase and Binance, you can watch videos, complete quizzes, and earn redeemable vouchers for crypto.
Many of the courses are focused on how to use the Phemex platform. So once you’ve become an expert on using Phemex, you can redeem and start utilizing the crypto you earned.
Learn and earn crypto apps
If you want to earn crypto on the go, below are a few options for mobile.
Do I have to pay tax on Learn & Earn crypto?
The IRS has yet to establish explicit guidance on how to learn and earn crypto is taxed. However, it’s recommended to treat your earnings similarly to how “airdrops” are classified.
The IRS sees airdrops, a token directly deposited into a user’s wallet, as part of an individual’s gross income.
add remove How to earn crypto for free?
The most common methods for earning free cryptocurrency include Learn & Earn programs, Move-to-Earn, and Play-to-Earn games.
- Learn & Earn – Learn about crypto and complete quizzes to earn rewards.
- Move-to-Earn – Get rewarded for exercise and being active.
- Play-to-Earn – Win prizes through playing games.
add remove How does learn and earn work on Coinbase?
Coinbase Earn rewards users for watching videos about various cryptocurrencies and completing a short quiz that tests what they learned. Upon successfully completing a course, users are awarded crypto directly to their Coinbase wallet. It takes approximately two hours for currency to become available for use.