Coinbase had a Super Bowl 2022 commercial, and shortly after the ad aired, its own platform crashed.
Nonetheless, “now that we have your attention,” the cryptocurrency company announced it’s hosting a sweepstakes and giving away free Bitcoin to new users.
First, the free cryptocurrency offer: If you have yet to sign up, you can do so here. New users will receive $15 worth of Bitcoin, but only through Feb. 15.
Next, the giveaway: Coinbase is handing out $3 million worth of Bitcoin. To be eligible, you just have to “opt in” by Feb. 27.
There will be three winners, each rewarded $1 million worth of Bitcoin. Winners will be notified around mid-March.
One Bitcoin is currently worth over $42,000, according to real-time data tracked by CoinMarketCap (Market capitalization is constantly changing).
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
You can use cryptocurrency to buy products from retailers who accept it as payment, such as Overstock, or sell it to make a profit.
Other well-known cryptocurrencies besides Bitcoin include Dogecoin, Shiba Inu, Ethereum and Tether.
Where else can I buy cryptocurrency?
Crypto.com is another popular cryptocurrency trading platform, and also aired an ad during Super Bowl 2022.
Here are some other places where you can buy cryptocurrency:
You can also buy cryptocurrency on Venmo.
How much does it cost to buy cryptocurrency?
To invest, you don’t have to buy one entire cryptocurrency, such as Bitcoin — you can buy just a fraction. One Bitcoin is currently worth over $42,000, whereas one Dogecoin is not even worth 15 cents.
Ultimately, it depends on which cryptocurrency you’re buying. Each has a different price and market value.
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Nicolette Accardi covers the online shopping industry, writing about commerce, daily deals and tips. She can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi.
