Free Bitcoin: How to Enter Coinbase Sweepstakes and Buy the Cryptocurrency

If you wanted to start your cryptocurrency journey, there is an ongoing contest that can give you some motivation.

Coinbase is giving away up to $250,000 worth of Bitcoin. You will be automatically entered once you create an account, which you can do on Coinbase’s website here.

One winner gets $250,000, six winners get $25,000 and 1,000 winners get $100 – all in Bitcoin. Winners will be notified around November 29.

In addition to the competition, all new users get $5 worth of Bitcoin for free after proof of identity.

The lottery is available to all US residents except Hawaii, DC and US territories.

If you already have a Coinbase account, you can still join – by mail. you can find detailed information and directions here.

One Bitcoin is currently worth over $63,000, according to real-time data followed by CoinMarketCap (market capitalization is constantly changing). The market cap is currently over $1.1 trillion.

What is Bitcoin?

Bitcoin is currently the largest cryptocurrency and the first to be widely adopted, according to Coinbase. It was founded in 2008 by Satoshi Nakamoto, a pseudonymous person or team.

Cryptocurrency is a digital asset designed to be used over the internet. It is decentralized meaning it is not controlled by the government or any other central authority such as a bank.

How do I invest in Bitcoin?

Bitcoin IRA is an option, because it is a platform specially designed for investing in bitcoin.

Once you create an account, specialists will “transfer your money from an existing retirement fund, run the self-directed trading and move your coins securely to a digital wallet”, according to his website.

You don’t have to buy one whole Bitcoin to invest, you can buy only a fraction.

What is cryptocurrency?

Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It is decentralized meaning it is not controlled by the government or any other central authority such as a bank.

If you are interested in investing in other cryptocurrencies such as Dogecoin, Shiba Inu, Cardano, Ethereum, and Tether, here are some options to get you started:

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Nicolette Accardi can be reached at: [email protected]. Follow her on Twitter: @N_Accardi. Find NJ.com is Facebook. Do you have a tip? Tell us. nj.com/tips