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BEST Coinbase Trading Fee Discounts ← Referral Code 2021 Invitation
Coinbase Referral Code
After you sign up, you can earn $32 or more in free crypto with Coinbase Earn, earn interest on crypto with Coinbase Staking, and take advantage of the Coinbase Pro volume-based discount to get the lowest fees possible.
We have details on all of that and more in the article, but first, if you don’t have an account already, choose a Coinbase referral bonus below to get some free Bitcoin.
|Coinbase Referral Link ($5 BTC for signing up):||https://coinbase-consumer.sjv.io/WDYgAP|
|Coinbase Referral Code ($12 BTC when you buy or sell $120):||sander_xqs|
|Coinbase Referral Commission||Up to $12 Bitcoin|
|Coinbase Affiliate Commission||50% of fees|
|Coinbase Referral Code Savings||Up to $12 in Bitcoin|
|Last Verified||December 3, 2021|
Coinbase Referral Code Details
Coinbase has two options for getting free Bitcoin with a referral code and has additional options for earning other free cryptocurrencies and even dollars.
Regarding the Coinbase Bitcoin sign-up bonus, you can choose to get $5 in free Bitcoin just for signing up and connecting your bank account, or you can choose to get $12 when you buy or sell $120 worth of cryptocurrency. We offer both codes, but you have to pick one deal to apply, as they do not stack.
For earning even more free crypto after you sign up, you have Coinbase Earn and Coinbase Staking. Although the current offer as of writing this is $32 dollars, you can over time earn up to $100 or more worth of crypto with Coinbase Earn just by learning about crypto. Then with Coinbase staking, you can earn interest on your crypto when you stake. You can take advantage of both offers but have to create a Coinbase account first.
Additionally, if you set up a recurring buy of $50 or more, you’ll earn $5 BTC extra after your 2nd recurring buy is complete!
Lastly, for those who want to make money with Coinbase, you can earn up to $12 in free Bitcoin when you share your referral code, or you can earn up to 50% of invitee trading fees for three months by joining Coinbase’s affiliate program.
That means no matter what you do with your Coinbase account, and even if you just want to learn about crypto or invest funds you already have, you can get cryptocurrency for free. It all starts with using our Coinbase invitation code to sign up, so make sure to create an account today!
Coinbase Pro doesn’t have its own referral code, but you can sign up for Coinbase with referral code “sander_xqs” and then create your Coinbase Pro account to maximize your earnings.
How To Sign Up For Coinbase
Below we will walk you through creating a new Coinbase account on mobile and desktop while applying our referral code during the sign-up process. This will also get you access to the other Coinbase earning and saving opportunities noted in this article as well.
Time needed: 20 minutes for initial signup + KYC process
- Accepted identity documents within the US
- – State-issued IDs such as a Driver License or Identification Card
- Accepted identity documents outside of the US
- – Government-issued photo ID
- – National Identity Card
- – Passport
- Identity Documents Coinbase CANNOT accept
- – US Passports
- – US Permanent Resident Card (Green Card)
- – School IDs
- – Medical IDs
- – Temporary (paper) IDs
- – Residence Permit
- – Public Services Card
- – Military IDs
- Sign-up to Coinbase
Sign up for Coinbase using this referral invitation link to get $5 in free BTC just for signing up.
- Provide the required information
Once on Coinbase’s website you will be prompted to fill in the information such as your legal full name, email address, the password you want the account to use, and lastly your current state/province.
These will all be validated later, so don’t bother trying to use false information. Coinbase does its due diligence verifying its users.
- Agree to the terms of service
- Verify your associated email
Upon completing the last step, you will be sent an email used to verify the email address you used. Go ahead and navigate over to your inbox and locate it. Click on the link provided in the email, and you will be forwarded back to Coinbase’s website. This process verifies that the email address being used belongs to you and is valid.
- Verify a phone number
To enable 2FA services, you will be required to ensure a valid phone number is associated with your account. After signing into Coinbase, you will be prompted to add this number. Simply select your country and enter the number you would like used.
Once you have decided upon the number, click “Send Code” (computer) or “Continue” (mobile) and enter the seven digit code that is sent to that corresponding number. Please note, if you do not receive the code and have double checked the number, select “Resend-SMS“.
- Adding your personal information
You will now be required to provide the following information:
– First and last name
– Date of birth
The following questions will also be required:
– What do you use Coinbase for?
– Where will your current source of funding be coming from?
– What is your current occupation?
– Who is your employer?
– What are the last 4 digits of your SSN?
After these are completed, select “Continue“. This completes the initial application process!
- Verifying your identity and linking a payment method
In order to actually buy, sell, send, and recieve Coinbase’s supported crypto you will need to complete the ID verification process.
Linking your bank account depends on what supported country you come from, but we have included the link for US customers. We go on to talk about supported countries and related aspects later in the article, so keep scrolling to find information related to this.
For more information on and about this signup process please check with the Coinbase account creation page.
How the Coinbase Referral Program Works
Coinbase has both a referral program and an affiliate program.
The Coinbase Referral Program lets you and a friend earn up to $12 in free Bitcoin when your friend buys or sells crypto. It works like this, you share your code, and when someone signs up and buys or sells $120 worth of crypto, you both earn $12 in free Bitcoin (the exact amounts can differ depending on your region; the most common amount is $10 when you buy or sell $100).
Meanwhile, the Coinbase Affiliate Program lets you offer $5 in free Bitcoin just for signing up for Coinbase in return for a percentage of your invitee’s fees. It works like this, you share your code, and when someone signs up, they get $5 in free BItcoin, and you get 50% of their trading fees for 3 months.
To qualify for Coinbase’s affiliate program specifically you’ll need to be an influencer, content producer, media person, etc. If you are looking to apply for this program then you can find the required forms at Coinbase’s Affiliate page.
Everyone who creates an account has access to the referral program, but you have to apply for the Coinbase Affiliate program which. is hosted through a company called Impact.
Of course, with both programs people you invite will also get an opportunity to earn up to $100 or more with Coinbase Earn and can earn even more by taking part in Coinbase’s staking options.
Our Coinbase referral code sander_xqs offers $12 when you buy or sell $120 worth of crypto. This higher-paying referral code replaces the traditional $10 when you buy or sell $100 worth of crypto offer most other websites offer.
Coinbase Earn + Coinbase Staking
After you are set up with an account, you can increase your number of free crypto rebates by taking part in some of Coinbase’s mutually beneficial programs. Let’s take a look at the main two offered.
Coinbase Earn is where you learn about crypto by watching videos and taking quizzes. For each quiz you complete, you receive some of the cryptos you learned about as a reward. Some of the cryptocurrencies that are currently being offered at the time of writing this article are Ampleforth Governance Token (FORTH), The Graph (GRT), and Stellar Lumens (XLM).
Those are not entirely unheard of coins, and considering this is a platform that is willing to pay its own userbase to become more informed in the space it revolves around, Coinbase gets some brownie points from us here at How To Referral.
One big plus to keep in mind here is that new Coinbase Earn programs come up all the time, so you can keep earning more free crypto on Coinbase through earn over time. So make sure to join each waitlist when new Coinbase Earn opportunities come up.
Coinbase Staking is where you earn interest on your crypto holdings if you are looking for long term interest, some of the coins available for staking are Ethereum 2.0 (ETH2), Tezos (XTZ), and Cosmos (ATOM). Those are some of the top cryptocurrencies around, not bad Coinbase!
By doing both of these programs, along with using the referral code, you can build yourself an excellent little portfolio of free coins (some of which can bear interest via staking).
Coinbase Commission Structure
Coinbase’s commission structure is relatively simple compared to most other programs in the space regarding both the referral program and the affiliate program, which is a bonus. The main takeaways are as follows; for the referral program, you get $12 in free Bitcoin when your invitee buys or sells $120 worth of crypto on their account. The affiliate program gives you 50% of your referrals trading fees for the first three months, and they also get $5 in free crypto just for signing up.
|Coinbase Referral Program||Invitee signs up and buys or sells $120 worth of crypto||$12 in Bitcoin||$12 in Bitcoin|
|Coinbase Affiliate Program||Invitee signs up for Coinbase||$5 in Bitcoin||50% of Fees for 3 Months|
Coinbase Referral Program Rules
While Coinbase does reserve the right to change the referral program terms at any time due to dynamic market conditions, risk of fraud, or any other reason they deem fit. By participating in the referral program, you acknowledge that receiving payouts is not guaranteed by Coinbase.
Regardless of the above sticking point, here are some of the main rules at a glance for their program:
- Only people from supported countries can sign up with your link.
- There is no limit to the number of friends you can refer, but Coinbase may change this in the future.
- A person has to sign up within 90 days from clicking your invitation link and buy or sell $120 within 180 days of sign-up for you both to get the $12 in free Bitcoin.
- You cannot use paid advertising for your referral codes.
- Coinbase reserves the right to not pay on a given referral (typically, this only happens in the case of duplicates, suspected fraud, etc).
See a full list of rules and program details at https://help.coinbase.com/en/coinbase/other-topics/other/the-coinbase-referral-program.
Coinbase Referral Program Review
Coinbase is one of the best choices for cryptocurrency trading due to its volume and is being a favored “on-ramp/off-ramp” for fiat (meaning it is the preferred choice for getting in and out of crypto with dollars). This fact alone is going to earn Coinbase’s referral program high praise.
However, while the Coinbase platform is excellent and in high demand, the $12 commission of the referral program is lackluster compared to competitors like Binance. While the 50% of fees payout through the affiliate program goes a long way toward making up for the referral program’s shortcomings, the fact that we can’t offer something equally generous to our invitees with either program is a notable drawback for us. On top of that, Coinbase’s high fees are also underwhelming compared to the competition (this is true on Coinbase Pro and even more so on the base Coinbase platform). Again here, while the volume-based discount helps, it doesn’t do enough to avoid the complaint.
The bottom line here is that while Coinbase is one of the best crypto exchanges out there, it is only in the middle of the pack when it comes to its referral program. With that in mind, we have given the program as a whole a 4-star out of 5-star rating. We love most of what Coinbase offers, but the lack of generosity and high fees compared to its peers leaves room for improvement.
Coinbase is a long-standing US-based exchange that has become the go-to exchange for United States citizens. It was founded in July 2011 by Brian Armstrong with funding from Y Combinator and then launched after co-founder Fred Ehrsam joined in 2012.
Since its launch, Coinbase has grown into one of the top crypto exchanges in the US and has gained a significant following because of that. Today Coinbase is noted as a highly liquid exchange that is the preferred on-ramp and off-ramp of the crypto industry. In addition, its array of products, including its easy-to-use app and feature-rich exchange along with Coinbase Pro, make it a necessary part of any trader’s tool kit.
Learn more about Coinbase and its history.
Coinbase has an Ethereum “Web3” wallet called Coinbase Wallet. If you are interested in anything DeFi related, or if you generally want more control over your coins, check out Coinbase Wallet as an alternative to other Web3 wallets like MetaMask.
One of Coinbase’s biggest attractions is that it has some of the most liquid dollar pairs within the cryptocurrency space. On most exchanges, you cannot go from crypto to dollars and then cash out to your bank account, especially if you are dealing with significantly large amounts of money.
However, you can rely on Coinbase even for giant buys and sells, with that in mind, they do offer OTC (over the counter) options for accounts of substantially larger size or institutional players. They also have competitive liquidity on many alt pairs, as money that trades the USD markets tends to overflow into the crypto base pairs (also known as alts).
To start using Coinbase Pro, you first need to signup for the base Coinbase platform. Since you have to sign up for Coinbase to use Coinbase Pro, you may as well take advantage of the sign-up bonus when getting started, even if you plan to save on fees by using the Pro exchange.
Coinbase has more than one product to consider when it comes to fees. We will discuss the fee structure for the base platform here:
- If the total transaction amount is less than or equal to $10, the fee is $0.99.
- If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49.
- If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99.
- If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99.
Coinbase also charges 1.49% for sells and 1.49% for buys on top of this (and you’ll pay 3.99% if you use a debit card and not a bank account). That is a full percentage more than they charge on Coinbase Pro, and almost 1.4% more than some of the competition, for example Binance.
The second product offered by Coinbase is its Pro version of the base platform which has volume-based pricing, which we will present in the following Coinbase Pro Fees table below.
|Pricing Tier||Taker Fee||Maker Fee|
|$10 – 50K||0.35%||0.35%|
|$50 – 100K||0.25%||0.15%|
|$100K – 1M||0.20%||0.10%|
|$50 – 100M||0.10%||0.00%|
|$100 – 300M||0.07%||0.00%|
|$300 – 500M||0.05%||0.00%|
With Coinbase, the referral code won’t help you save on fees, and there is no token to buy. As you can see above, the only way to save on fees is to use Coinbase Pro and take advantage of volume-based discounts. These discounts are based on a trailing 30-day period across all order books. Coinbase Pro fees become fairly competitive when you trade enough volume, so keep this in mind if you are trading substantial amounts.
Check out the fine print of Coinbase fees if you need more clarification.
With Coinbase, the referral code won’t help you save on fees, and there is no token to buy to help reduce fees either. As you can see above, the only way to save on fees is to use Coinbase Pro and take advantage of volume-based discounts. These discounts are based on a trailing 30-day period across all order books. Coinbase Pro fees become fairly competitive when you trade enough volume, so keep this in mind if you are trading substantial amounts. Also, keep in mind that even if you don’t trade volume, Coinbase Pro still offers lower fees than Coinbase. So, signing up for a Coinbase Pro account after you create your Coinbase account is highly recommended if you are looking to save on fees at Coinbase.
Coinbase Order Types
Coinbase allows you to buy, sell, and convert, while Coinbase Pro has market, limit, and stop order types. These basic order types are not competitive, but it is the basic order types needed, and it is common enough, so we can’t see this as a reason not to use Coinbase. Still, lacking OCO orders like Binance doesn’t earn them any points in our book, especially when you consider the lack of other important qualities like offering the ability of margin trading or futures.
Coinbase Coin and Product Selection
Coinbase has spot trading only. However, their product selection is reasonably robust, considering they have USD pairs for many of their coins. Below is a full list of coins on Coinbase and their availability in each market updated June 18, 2021.
|CHZ||✔2||✔||✔||✔ / ✖️||✔2||✔||✔||✔ /✖️|
|KEEP||✔||✔||✔||✔ / ✖️||✔||✔||✔||✔/ ✖️|
|1. Buy, send, receive ONLY.
2. Excludes New York
3. EUR and crypto order books ONLY
4. Send and receive ONLY
5. Send ONLY
1. Crypto order books ONLY
2. Excludes New York
Please keep in mind that not all coins on Coinbase pro are on Coinbase. Meanwhile, Coinbase allows you to trade between more pairs (as there needs to be a market for a pair on Coinbase Pro for it to trade). See Coinbase coins full list for more details.
Coinbase Security & Integrity
Coinbase has never had a security breach or hack in its existence. However, it is worth noting that Coinbase accounts can be compromised. Although it is rare to have an account hacked, it is not unheard of.
The best way to avoid having your account compromised is to follow all the basic security best practices. This includes using 2-factor authentication and having a strong password. You can also whitelist only specific wallets for withdrawal in Coinbase Pro. And, you can use a physical security key instead of a traditional 2-factor software-based solution like Google Authenticator.
Coinbase Accepted Payment Methods
Coinbase accepts a number of different payment methods including Bank Deposits, Debit Cards, Wire Transfers, PayPal, and Crypto. Please keep in mind the selection of payment methods may differ by region, with some countries offering crypto methods only. Depending on the payment method and region, you may be able to deposit and withdraw instantly and with no fee. Below we have listed the US payment methods to give you an idea of your payment choices.
|Bank Account (ACH)||Large and small investments||✔||✔||✔||✔||4-5 business days|
|Debit Card||Small investments and withdrawals||✔||✘||✘||✔||Instant|
|Wire Transfer||Large investments||✘||✘||✔||✔||1-3 business days|
|PayPal||Small investments and withdrawals||✔||✘||✔||✔||Instant|
Coinbase Supported Countries
Coinbase has a long list of supported countries. With that in mind, many countries allow crypto conversions only and don’t have support for fiat to crypto methods. Still, this means that most countries worldwide will have a Coinbase option to choose from, even if they don’t all have the ability to use Coinbase as an on-ramp/off-ramp like the US, Canada, and most of the EU.
Coinbase Referral Program and Platform Summary
Coinbase is one of the best exchanges, and everyone should give it a try when looking for a new cryptocurrency platform, in our opinion. It is mostly easy to use while doing any on-ramping and off-ramping, especially for people in countries with easy-to-use payment options.
Still, we would generally suggest it to anyone regardless of its security history and reliability. Our only note is that there are cheaper fees and better rewards out there, so you may want to do the bulk of your trading elsewhere if you have the option.
Common Questions and FAQs
Coinbase has never been hacked and has a good reputation. They are even insured. However, like with any exchange, you’ll want to secure your account. So make sure to use 2-factor authentication and take other precautions.
While both Coinbase and Coinbase Pro have merits, Coinbase Pro is generally a better tool for traders due to its variety of orders and lower fees. We suggest signing up with Coinbase, getting your rewards, and then using Coinbase Pro to save on fees. Coinbase is still good for quick on the go buys and sells, but Coinbase Pro should be your go-to.
To save on fees, use Coinbase Pro and then take advantage of the volume-based discounts. You can also save a bit by connecting your bank account instead of using a debit card.
Coinbase is a full wallet, so you can send and receive from other wallets. for coins not supported on Coinbase, try Coinbase Wallet.
You get paid in Bitcoin to your account with the referral program. With Earn, you get the crypto you learned about, and with the affiliate program, you are paid in cash.
Coinbase has both a referral and affiliate program. See above for more on how to join the affiliate program.
The only way to increase referral rewards is to invite more people or join the affiliate program. Your referral rate does not change, but there is no limit on how many people you can sign up for.
Coinbase is always adding more coins, more earn programs, and more staking options.
Coinbase is highly regulated and makes an effort to comply with all US laws.
Yes, as of 2021, there is. It is called the Coinbase Pro app, so that you can trade on-the-go.
You can have precisely one Coinbase account and one Coinbase Pro account. They will share logins.
USDC is a stable coin meant to mirror the price of a dollar. It is part-owned by Coinbase, and you can always use Coinbase to trade it for $1.