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Coinbase Quiz Answers (Dec 2021)

Coinbase Earn allows you to learn about different cryptocurrencies.

If you’re eligible, you can unlock lessons in addition to the content where you can earn crypto.

Coinbase Earn rewards you by watching a few videos about a cryptocurrency and completing a quiz about it.

This includes quizzes on The Graph, Compound, Amp, and others.

New cryptos are added to Coinbase Earn frequently.

You can see what crypto you can earn by navigating to the “Learn and Earn” page.

You can sign up for Coinbase Earn here: https://www.coinbase.com/join/lim_di1.

Below are all the Coinbase quiz answers.

Coinbase Loopring quiz answers

Q: What is Loopring?
A: An Ethereum scaling protocol

Q: What is NOT a benefit of using Loopring?
A: Requires a traditional bank account

Q: What is LRC?
A: Loopring’s governance token

Coinbase Bounce quiz answers

Q: What is Bounce?
A: A decentralized auction protocol

Q: How can you use Bounce?
A: Create or participate in auctions

Q: Where can you use the Bounce App?
A: app.bounce.finance

Coinbase Cartesi quiz answers

Q: What does Cartesi Enable?
A: For developers to use mainstream software to code smart contracts.

Q: What’s Cartesi’s innovative scaling technique for blockchains called?
A: Optimistic Rollups

Q: How can CTSI holders stake?
A: Delegating or running a node on Cartesi Explorer

Coinbase ANKR quiz answers

Q: What does the Ankr platform NOT provide?
A: Integration with traditional banks

Q: What CAN’T you do with the ANKR token?
A: Send wire transfers

Q: What can Ankr users look forward to in the future?
A: Earning rewards with advanced DeFi strategies

Coinbase Rally quiz answers

Q: What is Rally?
A: A decentralized network for launching social tokens

Q: Which one of these is not a use of RLY?
A: Paying Ethereum Transaction fees

Q: Which of these below is NOT how Val’s fans use ValCoin?
A: Buying Bitcoin

Coinbase Fetch.ai quiz answers

Q: What can people create with Fetch.ai?
A: Software agents that automate tasks

Q: What’s one role of the FET token?
A: To power Fetch.ai agents

Q: What does Fetch.ai plan to support in the future?
A: Automated interactions with industries like travel and healthcare

Coinbase Balancer quiz answers

Q: What can you do with Balancer?
A: Trade crypto and invest via Balancer pools

Q: What are Balancer pools?
A: Self-balancing crypto portfolios

Q: What is BAL?
A: Balancer’s governance token

Coinbase Clover Finance quiz answers

Q: What can developers build with clover finance?
A: dApps with cross-chain compatibility

Q: What can you use to interact with dApps?
A: Clover finance wallet

Q: Clover finance wants to increase the usefulness and accessibility of?
A: DeFi

Coinbase The Graph quiz answers

Q: What information is indexed by The Graph?
A: Blockchain Data

Q: What do you earn for delegating GRT to an Indexer?
A: GRT tokens

Q: Who identifies high quality, useful data on The Graph?
A: Curators

Q: What’s the best way to earn GRT Rewards?
A: Delegate GRT to a high quality indexer

Coinbase BarnBridge quiz answers

Q: What is BarnBridge?
A: A DeFi risk management protocol

Q: What is SMART Yield?
A: An APY risk management tool

Q: What is the $BOND token?
A: BarnBridge’s governance token

Coinbase Amp quiz answers

Q: What is Amp?
A: A collateral token

Q: How is Amp used on Flexa today?
A: Instant settlement assurance

Q: What can you earn by staking Amp on Flexa?
A: AMP rewards

Coinbase Polygon quiz answers

Q: What blockchain is Polygon helping to scale?
A: Ethereum

Q: Who runs Polygon network?
A: Polygon Validators

Q: What is Polygon building?
A: An internet of blockchains on Ethereum

Coinbase Skale quiz answers

Q: Who can deploy a blockchain with SKALE?
A: Any Ethereum application

Q: How can SKL holders receive rewards?
A: Delegate SKL to a validator

Q: The SKALE network is built to support…
A: An internet of blockchains

Coinbase Ampleforth quiz answers

Q: What are Ampleforth’s automatic supply changes called?
A: Rebases

Q: What two tokens give the community control over the Ampleforth protocol?
A: AMPL and FORTH

Q: Ampleforth is a censorship resistant _ that rebases once a day.
A: DeFi building block

Coinbase UMA quiz answers

Q: UMA lets developers create what type of financial product?
A: Derivatives

Q: Which network participants help UMA solve the oracle problem?
A: Liquidators and disputers

Q: Which of these can be used to create a derivative on UMA?
A: All of these answers are correct!

Coinbase Stellar quiz answers

Q: What is Stellar?
A: A decentralized protocol that unites the world’s financial infrastructure

Q: What are Stellar Lumens (XLM) used for?
A: Facilitating low-cost, universal payments

Q: Why is Stellar good for sending remittances?
A: Transactions are fast, inexpensive, and global

Q: Why would banks and businesses use Stellar?
A: To issue, exchange, and transfer tokens quickly and efficiently

Q: How does Stellar’s Consensus Protocol work?
A: It relies on the cooperation of trusted nodes to confirm transactions

Coinbase Numeraire quiz answers

Q: Who submits predictions to Numerai?
A: A global community of data scientists

Q: Why do data scientists stake NMR tokens?
A: To back up predictions and earn rewards

Q: What do data scientists pay to obtain Numerai’s financial data?
A: Nothing

Coinbase Celo quiz answers

Q: How does Celo give greater access to financial tools?
A: By making crypto accessible on mobile phones

Q: What are 3 things Celo is used for?
A: Staking, governance, and stability

Q: What’s one way to send a Celo Dollar?
A: Using the Valora Mobile App

Coinbase Compound quiz answers

Q: What is a key benefit of using Compound?
A: Earning Interest on your Crypto.

Q: What do you need to do to borrow crypto with Compound?
A: Supply a Crypto asset as collateral.

Q: Who gets to decide the future of the Compound protocol?
A: COMP token holders

Coinbase NuCypher quiz answers

Q: What does NuCypher provide to users and apps?
A: End-to-end encryption

Q: What does NuCypher use to protect your data?
A: Independent nodes to perform tasks

Q: Which of these is NOT a use of the NU token?
A: Paying Ethereum transaction fees

Coinbase NuCypher quiz answers

Q: What does NuCypher provide to users and apps?
A: End-to-end encryption

Q: What does NuCypher use to protect your data?
A: Independent nodes to perform tasks

Q: Which of these is NOT a use of the NU token?
A: Paying Ethereum transaction fees

Coinbase Enzyme quiz answers

Q: What can investors do with Enzyme?
A: Manage and automate their crypto investing

Q: What CAN’T you do with an Enzyme vault?
A: Invest in stocks, real estate, and commodities

Q: Vault fees on Enzyme must be paid in what asset?
A: MLN

Coinbase Enzyme quiz answers

Q: What can investors do with Enzyme?
A: Manage and automate their crypto investing

Q: What CAN’T you do with an Enzyme vault?
A: Invest in stocks, real estate, and commodities

Q: Vault fees on Enzyme must be paid in what asset?
A: MLN

Coinbase IoTeX quiz answers

Q: About how many smart devices are active today?
A: 35 billion

Q: How can you earn crypto with IoTeX?
A: Generating data with smart devices

Q: What devices does IoTeX offer for sale?
A: UCam security camera and Pebble data tracker

Coinbase USD Coin quiz answers

Q: Which is not a requirement for a strong password?
A: Memorable (easy to remember)

Q: Which is not a form of 2-step verification?
A: 1Password

Q: Which of the following should you never share?
A: Your seed phrase

Q: Which checks should you perform periodically to keep your account secure?
A: Check devices with access to your account

Conclusion

Keep in mind that Coinbase Earn is not supported in all countries.

In some countries, you can only earn a selected number of cryptos.

Before you can earn cryptos, you need to complete a photo verification.

Coinbase can take up to 48 hours or more to review the photo.

Further reading

Best Binance Referral ID Code in 2021

How to Connect Coinbase Wallet to Coinbase

How to Withdraw Money From Coinbase to Bank Account

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About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with over 7+ years of experience in Social Media and 3+ years of experience in investing in stocks and cryptocurrencies. He has researched, tested, and written hundreds of articles ranging from social media platforms to messaging apps.