What Are Coinbase Sweepstakes?
Coinbase often runs promotional campaigns where they freely give away crypto prizes to eligible winners. You don’t need to purchase crypto, trade, or make any form of payment to enter these giveaways. These sweepstakes are only open to residents of the 50 states of the USA, except the District of Columbia and Hawaii. You also need to be 18 years and above to participate in these promotions.
How to Enter Coinbase Sweepstakes
To participate in Coinbase giveaways, you must complete a few simple steps within the promotion period. One way is by signing into your Coinbase account to sell or buy any crypto. If you don’t have a Coinbase account, head to coinbase.com and click the sign-up button at the top right corner to create one. Fill in your credentials and submit your driver’s license, valid passport, or ID to prove your identity. Verify your sign-up through the one-time pin sent to your phone. US residents may need to submit their social security numbers as well.
Once you create the account, you can add your bank details to enable withdrawals and deposits. After successfully meeting the requirements, you should receive a notification confirming your sweepstakes entry.
Alternatively, you can enter the giveaway via mail. You don’t have to create an account or trade for this option. Instead, you only have to handwrite your name, address, telephone number, and email address on paper and then mail it in an envelope to Ventura Associates, Intl. You can send a maximum of ten mail-in entries.
Note that you won’t receive a confirmation receipt for the mail-in entry. Potential winners who entered the giveaway through the mail must create a Coinbase account, complete the identity verification process. If you fail to complete these processes within the given time frame, you will be ineligible to receive any prizes.
Coinbase New Users and Trading Sweepstakes
Coinbase is one of the top destinations for the best crypto giveaways. If you are yet to start your crypto journey, you can join Coinbase through the referral program and win a $10 bonus paid in crypto. Your referrer will receive an equal amount too. You can use the wins for future buys and sells, or withdraw them.
Coinbase allows beginners to learn more about cryptocurrency while giving them an opportunity to receive a variety of cryptos for free. They supply educational materials about digital currencies in videos to provide you with all the necessary skills to perform crypto trades.
After watching tutorials, you receive a simple quiz test to assess what you have learned. You can then get a reward for the cryptocurrency you chose to learn. To qualify for these rewards, you must have a Coinbase account, perform identity validation, fulfill compliance standards, and own no more than one Coinbase account.
1. Coinbase One Sweepstakes
Coinbase One is a subscription product offered by Coinbase, that is currently in its beta version. To be eligible, you must first sign up for a Coinbase account. The administrators pick participants randomly, so you will see an in-app banner when you open the app or receive an invitation through email.
You can check your eligibility in the Coinbase app. Click on ‘Settings’ then ‘Join the free trial.’ If you can’t see this in your settings, then you aren’t currently able to join Coinbase One beta. The subscription for this service is free for the first 30 days, after which you will need to pay around $29.99 per month. Since the product is in beta, the prices may change at any time. Participating in the 30 days trial during the giveaway entry period will earn you one sweepstake entry.
New and existing users who fail to get an invitation, but still want to enter the sweepstakes, can still do so through a mail-in entry. You can earn a maximum of one entry per month if you sign up for Coinbase One and pay a monthly or yearly subscription, or renew your subscription if you already have an account.
You can cancel your subscription anytime, even during your free trial. If you don’t wish to proceed with the paid subscription, cancel before the 30th day of your free trial to avoid charges. You cannot sign up for the beta program again once you cancel. Coinbase One offers the following benefits to users:
Coinbase One users don’t pay trading fees when changing between crypto to crypto, or between crypto and fiat. This favors anyone who trades high volumes of crypto frequently.
You can speak directly to a Coinbase One support team member at any time of the day in order to get quick answers to any questions you may have regarding your account.
$1 Million in Account Protection
Users can receive reimbursement of up to $1M of losses if someone hacks the account. Note that Coinbase One will only offer protection if you set up proper security steps on the platform, like two-factor authentication. You must have completed identification verification and opened the account 30 days before the hack.
Coinbase One won’t offer protection if you previously submitted a false claim, gave someone access to your account, or voluntarily sent funds to a scammer. You are only eligible for this protection once.
Subscribers can easily download a pre-filled form 8949 to help with reporting their crypto taxes. This allows you to accurately and quickly file your taxes from trades made through Coinbase.
2. NBA x Coinbase Sweepstakes
Coinbase teamed up with the National Basketball Association to create interactive experiences and reach out to the NBA community. When you opt-in and trade with any amount of crypto on Coinbase, you can win tickets to an NBA game or an exclusive suit experience. Winners can also get bitcoins deposited into their accounts, food and beverage allowance, and admission of up to 14 friends or family to a preferred NBA game.
To enter this giveaway, you must log into your Coinbase account and make a trade to earn a single entry for each sweepstakes period. If you don’t want to trade, you can enter the sweepstakes by mail, as explained above.
3. Coinbase X Hypebeast Trading Sweepstakes
Coinbase also partners with Hypebeast to offer one-of-a-kind trading sweepstakes. You enter the giveaway by buying Sandbox on Coinbase’s centralized exchange or through a mail-in entry. Whichever method you choose, you can earn up to ten sweepstakes entries. The grand prizes for this giveaway are a Hypebeast gift card and a Visa gift card to visit the store.
You can redeem the rewards for products from top brands like Ambush, Puma, Carhartt, and Heron Preston. Winners also have the option to pick a stylist to take them around the store and provide a personalized shopping experience. Note, the prize provider and sponsor don’t cater to travel and booking costs incurred by travelling to the store.
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Confirming Coinbase Sweepstakes Legitimacy
Scammers on the internet may try to impersonate a legit sweepstake casino with fake offers. The consequences of falling for such scams can be very severe, and you may lose a lot of money. So, it’s best you understand how Coinbase operates to protect your investment.
Coinbase never asks for money to enter a giveaway or receive your prize. Avoid any notification suggesting you must pay sweepstake taxes, service, handling, or customs fees. You pay the taxes directly to the IRS together with your other returns. Scammers might also tell you that making purchases or payments increases your chances of winning. Entry to the Coinbase sweepstakes is free, and winning is by chance.
Coinbase only sends emails from [email protected], [email protected], [email protected], and [email protected] The only sweepstakes you can win at Coinbase are the ones you have entered. So be wary of notifications suggesting you won giveaways you didn’t participate in.
Avoid instructions to wire money to a sponsor and notifications pressuring you to respond instantly, or you lose your chance to claim your wins. If you receive any suspicious notice, you can report it to [email protected]
How Coinbase Selects and Notifies Winners
An independent judging organization randomly picks winners from the eligible entries. The short-listed winners will receive a notification from [email protected] or [email protected] with instructions guiding them on how to claim sweepstakes wins.
If you entered the giveaway through the mail-in entry and didn’t have a Coinbase account, you will receive a mail from Ventura and Associates requesting you to set up an account. You will also need to provide your email address to receive the prize.
Each short-listed winner has 48 hours to reply to the email, after which you might get disqualified without notice. You will also need to complete a W-9 form and affidavit of eligibility within five days. Potential winners must agree to have their name, city, and state published on the winners’ list. After meeting these requirements, you will receive your prize within six to eight weeks. The winner assumes responsibility for any federal or local tax requirement related to the win.
Conclusion- Give Coinbase Sweeps a Trial
The secrets behind winning the Coinbase sweepstakes are perseverance, patience, and a positive attitude. Remember that even if you win, the sweepstake period must draw to a close, and an administrator must verify the winners before informing you. The process may take some time and requires patience. It is certainly a very different experience to claiming casino sweepstakes free spins or playing for playing for prizes at sweepstakes casino operators.
You must also enter the sweepstakes regularly to increase your chances of winning. Finally, keep a positive attitude and focus on having fun with sweepstakes. Keep in mind that entering Coinbase sweeps isn’t a way to earn regular income, but instead a place to discover exciting products and interact with others, and if you are lucky enough, you can win big prizes.
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Coinbase Sweepstakes FAQ
🙋 Can I cash out Coinbase wins?
How to win in sweepstakes casinos differs from operator to operator. Because Coinbase is essentially a crypto platform they may do things a little differently when it comes to cashouts and redemption. As such, we implore you to read our dedicated reviews and guides on Coinbase sweepstakes for all the details.
🤔 Are Coinbase sweeps real?
Coinbase occasionally conducts legit sweepstakes, but you should always watch out for scammers, as outlined above. Be sure to read our comprehensive sweepstakes casino reviews to find out which offers are real and which are not.
❓How do you enter Coinbase sweepstakes?
There is a simple procedure to entering Coinbase sweepstakes that is not disimilar to enterting sweeps anywhere else in the USA. Refer to our guides for the specifics about registration, sweepstake casino verification times, and more.
