
You may be familiar with Coinbase as a cryptocurrency exchange platform, but did you know that it now also offers users prediction markets? Yes, users can now buy and sell event contracts right there on the platform.
If you’re interested in testing this out and are looking for a Coinbase promo code before you sign up, you won’t be in need of one, as there’s currently no specific welcome offer for the prediction market side of things. You will, however, still qualify for the general Coinbase welcome bonus once you make your first deposit.
Coinbase’s standard welcome offer provides new users with a Bitcoin reward of between $10 and $2,000. To get your hands on this, all you have to do is create an account and make your first cryptocurrency purchase of at least $50. This must be done in one single payment, and the amount you receive as your reward is totally random. There doesn’t seem to be any evidence that those who spend more on their first purchase receive more as a reward, it’s all down to luck.
This bonus is awarded to anyone who joins Coinbase, regardless of whether it’s for the prediction market side of the platform or the crypto side. There’s no separate prediction market offer at present.
I already explained the basics of claiming the welcome bonus, but I’ll quickly run you through how to actually sign up for the platform to help you get started.
Click on any of the banners on this page to head over to the site.
Locate and click on the blue “Sign Up” button.
Enter all of the requested personal details, such as your full name, email address, and so on.
Verify your email and/or phone number with the code or link sent to you.
… And that’s it, simple as that; your account is created.
You’ll still need to select “Predictions” from the dashboard and then hit the “Get Started” button to get to where you need to be for buying and selling contracts, though. You’ll also have to complete the required KYC checks, which is pretty standard among similar sites.
Below are a few terms and conditions/noteworthy considerations to keep in mind:
Of course, you should remember that terms and conditions do change with time, so it’s always worth visiting the operator’s site to double-check that what’s stated here remains true at the time you sign up.
Though you must make a crypto purchase to receive your bonus, you can still spend the reward on prediction market trading rather than the core Coinbase offering.
If you’re new to prediction markets, let me give you a quick overview of how they work and what you can trade on.
Essentially, platforms like Coinbase allow you to trade contracts based on the potential outcome of future events, such as elections, sports results, Bitcoin prices, and more. You buy a “yes” or “no” contract depending on what you think will happen, and the price of the contract reflects the market’s implied probability. For example, a contract priced at $0.60 suggests that traders believe that there’s a 60% chance of the event occurring.
Some of the most popular categories at Coinbase include:
Let’s say you buy a “yes” contract for the $0.60 mentioned above and the event does indeed happen. The contract payout would be $1, so you’d then receive a $0.40 profit. If the event doesn’t happen, however, you’d lose the $0.60 you paid. You can also sell your contract before the event ends to lock in a profit if the price has gone up or limit a loss if the price starts going down and you now believe the outcome won’t be successful.
If you’d like to know more or are interested in a more in-depth explanation of how the site and prediction market’s function, feel free to check out my Coinbase review.
I’ll be honest, there aren’t really any other bonuses or rewards on offer at Coinbase besides a referral program and USDC rewards (only available to Coinbase One members).
The operator’s referral program rewards existing customers when they invite a friend to the platform using their unique link who goes on to make a crypto purchase of $30 using an eligible payment method. The reward amount does vary and changes frequently, but you can typically expect around $20-30 (received in Bitcoin).
Another option is Coinbase’s USDC rewards program. USDC is a stablecoin designed to maintain a value close to one US dollar, and eligible users can earn rewards based on the amount they hold in their Coinbase account. Note that you’d have to be a Coinbase One member to qualify (part of the platform’s paid subscription service, starting at $4.99 monthly), however. You must also be eligible to trade and hold at least $1 in USDC.
Rewards accrue daily based on your eligible balance and are generally distributed weekly.
As you likely already know, Coinbase isn’t the only platform out there offering prediction markets, so it’s worth comparing a few alternatives before signing up. Crypto.com and DraftKings, for example, both offer event contracts in the US, although their products and promotions naturally differ.
Crypto.com now offers prediction trading through its app and covers categories such as sports, politics, finance, and entertainment. You can start trading with a $10 deposit and contracts generally pay out $1 each if your prediction is correct. If you’re searching for a Crypto.com promo code, you’ll want to check the official website to discover which promotions are available and any eligibility requirements.
DraftKings Predictions is another option for you to check out, especially if you’re a big fan of sports. The platform offers contracts on sporting events as well as financial markets, politics, and more. The official website currently advertises a promotion of $200 in bonuses after a $5 trade. If you’re looking for a DraftKings Predict promo code, however, don’t assume you need one — I’ve found that most promotions on prediction market platforms can be claimed without one.
Overall, I’d say that there are many things to consider when choosing a prediction market platform to trade on, and it comes down to more than who offers the biggest bonus. You should check out any terms and conditions, minimum trading requirements, available markets, trading fees, and so on before making a decision.
No Coinbase promo code is necessary to join the platform or claim the general welcome offer, which can reward you with anything from $10 to $2,000. While there isn’t a prediction market-specific bonus in place at present, all new users can still use the above to begin buying event contracts. There aren’t many other promotions in place, which is slightly disappointing, but the referral program is a nice touch if you know of a few friends willing to sign up and make qualifying crypto purchases.
Beyond the bonuses (or lack thereof), Coinbase is a great place to begin your prediction market experience, with lots of popular categories to explore and markets to trade on.
If you’d like to sign up or simply check out the site for yourself, feel free to click on any of the banners on this page.
Every new user is entitled to the Coinbase welcome offer, whether they’re signing up to buy and sell event contracts or to exchange cryptocurrency.
No, you can sign up for an account without a promo code. Simply click on any of the banners on this page to get started.
No, there don’t appear to be any Coinbase existing player promotions at the moment. However, new promotions could be introduced in the future, so keep an eye out!