Update 2/16/25: Increased to $60 $62 on Swagbucks (slightly more on MyPoints). Rakuten is $52.50. (Also $3+ $200 in crypto from Coinbase (not sure what the requirements are) by spinning a wheel.)
Update 9/9/24: Increased to $43. Hat tip to ML
Update 1/18/22: Deal has now increased from $25 to $30. Offer link
Updates: See this comment for tips on how to save on trade fees and how to trigger the $5 Coinbase signup bonus on top of the $25 Swagbucks bonus. Also, readers note that Drop has a similar offer worth $35 (in gift cards), better than the Swagbucks offer.
The Offer
- Swagbucks is offering
2,5003,000 SB when you sign up for a new Coinbase account and make a trade within 6 months.
The Fine Print
- Only available to new Coinbase customers
- Must create a Coinbase account through the Swagbucks affiliate link
- Must enter valid signup info, SSN and account funding information
- Must make first crypto trade within 6 months of account creation
- Swagbucks will appear as Pending for 32 days
Our Verdict
Please note, I don’t personally trade crypto and don’t necessarily recommend crypto as an investment strategy. Some people like putting some amount of money in crypto or like doing the Coinbase freebie deals, so this is a good way of getting a $25 bonus along the way. MyPoints has a similar deal as well.
If you’re new to Swagbucks then please read our review. You can get a bonus of up to $13 by using a referral link.
Hat tip to reader Jason
Here is my full Coinbase experience:
2/18/25 Created an account after clicking a link for Capital One Shopping Offer for 135.00 for First Trade (New Accounts Only) and funded 51.00.
I received the elevated offer (normal offer is $12.00) by clicking Coinbase link and then waiting for email with the $135.00 offer. It could take a couple of hours to receive email.
Alternatively, on the main Capital One Shopping website, there is a “Sites I’ve Visited” tab at the top that might have the elevated offer.
Converted 51 USD to USDC (no fees) and then tried to also get the Spin the Wheel promotion, which was available at the same time.
Spinning the wheel did not work and I got, “Not eligible to spin. We’re sorry, your account doesn’t currently qualify for this promotion.”
02/19/25 51.00 Deposit/trade to USDC confirmed
2/20/25 4.00 BTC Incentive deposited to account (I did not sign up for it, it just randomly appeared).
3/21/25: $135.00 credited to Capital One Shopping Account
Protip: if you check the Coinbase website or app, look at the “For you” section on the main page and opt in to the available sweepstakes. Some examples include:
“Take a shot at $25k in BTC. Trade for a chance to win. No purchase necessary. See rules.”
good write-up
Lana44 How soon did it go pending in cap one shopping?
Hey
I think it took 24 hours to go pending.
How do i contact coinbase after i have shut down my account? I’m wanting to open a new account with another email.
Has anyone been able to successfully extract the deposited money back out of Coinbase?
Yes, but the process was annoying and for the withdrawals, I had to wait a couple of days for my USDC to be sold and converted to cash plus the first time I withdrew, I was put on a withdrawal hold that took a day to clear.
Created an account after clicking a link for Capital One Shopping Offer for 135.00 First Trade (New Accounts Only) and funded 51.00. Converted 51 to USDC (no fees) and got:
“Not eligible to spin. We’re sorry, your account doesn’t currently qualify for this promotion.”
I never did the spin the wheel and I never qualified for it either, but 4 BTC showed up in my account on 2/20/25 with Incentive Reward as the description.
Protip: if you check the Coinbase website or app, look at the “For you” section on the main page and opt in to the available sweepstakes. Some examples include:
“Take a shot at $25k in BTC. Trade for a chance to win. No purchase necessary. See rules.”
Is anyone getting the error “Not eligible to spinWe’re sorry, your account doesn’t currently qualify for this promotion.”
I get this after clicking through SB, opening account, funding with $51, and buying $10 of USDC.
See this comment: https://www.doctorofcredit.com/swagbucks-get-25-for-signing-up-with-coinbase-making-a-trade/#comment-2024322
It is NOT a guaranteed $200 from Coinbase. You spend a wheel and get a “random” amount anywhere from $3-$200, guess where it lands most of the time? Still could be worth doing.
A couple of FYI’s
For Swagbucks you need to deposit and trade $50. From the offer terms: Deposit and trade $50 or more to score 6,000 SB plus up to $200 in Crypto from Coinbase!
Rakuten said $100 needed to be deposited
I bought a stablecoin and they charged me $4.25 for the buy, not sure if there is an additional charge to sell.
The sign up was quick and easy, last four of social was needed but no documents were asked for thus far. Plaid was used to link a bank account, but debit was also an option.
Be careful with Coinbase. I was a customer since 2015 and only kept about $100 worth of crypto. After the crypto crash in 2022, they wanted more documents than a bank requires, which I refused and they locked my account and stole my crypto.
anyway to use a sole pro EIN or something to create a second account?
Now $62 on Swagbucks.