Coinbase Stellar Lumens Quiz Answers: Earn $10 XLM (2022)

Coinbase Stellar Quiz Answers

Are you looking for Steller Coinbase answers?

If your answer is YES then look no further as we have got you covered.

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This post will not only reveal answers to Coinbase Stellar quiz but also explain what is it, how to participate in it and how to earn $10 XLM instantly.

Without any further ado, let’s get started:

What is StellAr Coinbase Quiz?

Stellar Coinbase Quiz is a part of Coinbase Earn Quiz.

For the uninformed, Coinbase had recently launched an initiative ‘Coinbase Earn‘ wherein they ask users to watch videos and complete quizzes.

Stellar Coinbase Quiz is one of them. After completing each tutorial, Coinbase gives users a quiz.

If a user manages to answer that quiz correctly, he or she will be given rewards and additional money in that specific Cryptocurrency.

There are a total of five questions in the Stellar Coinbase quiz.

If you manage to answer questions of all Coinbase Stellar Lumens, you will receive $10 XLM.

What is Stellar Lumens?

Stellar is an open-source network used for Currencies and Payments.

It lets users transfer, trade and create digital representations of all fiat currencies.

The reason why it became massively popular across the world is that it allows the financial systems of all countries and regions to work on a single network.

Similar to Bitcoin and Ethereum, Stellar relies on Blockchain to keep the network in sync.

Unlike other blockchain-based systems, Stellar is fast, cheap and energy-efficient.

Launched in 2014, Stellar has a native digital currency called, Lumen, which is required in small amounts to initialize accounts and make transactions.

How Do I Earn $10 XLM Tokens For Free?

To earn $10 XLM tokens for free, you will have to follow a few simple steps:

First, visit the official website of Coinbase and log in.

Stellar Coinbase Quiz

Once logged in, head to Dashboard and click on the ‘For You‘ tab located on the left side of the screen.

Stellar Coinbase Quiz

Now, you will have to click on the ‘View All’ option, which can be found on the right side of the screen.

Stellar Coinbase Quiz

When you do so, you will be redirected to the Coinbase Learn page.

There, you will need to scroll down until you see a button that says ‘Start Earning’.

Stellar Coinbase Quiz

Now, you will have to click on the Start Course button and take the quiz that is currently live on Coinbase.

Once you successfully complete the quiz, you will earn rewards like $10 XLM and others.

Coinbase Stellar Lumens Quiz Answers

Here are the answers to the Stellar Lumens (XLM) quiz:

Q1. What is Stellar?

Ans: A decentralized protocol that unites the world’s financial infrastructure.

Q2. What are Stellar Lumens (XLM) used for?

Ans: Facilitating low-cost, universal payments

Q3. Why is Stellar good for sending remittances?

Ans: Transactions are fast, inexpensive, and global

Q4. Why would banks and businesses use Stellar?

Ans: To issue, exchange, and transfer tokens quickly and efficiently

Q5. How does Stellar’s Consensus Protocol work?

Ans: It relies on the cooperation of trusted nodes to confirm transactions

That’s all you need to know about Stellar Coinbase Quiz.

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