We are talking about cryptocurrency as a world currency, and in many regions of our planet (unfortunately) even $20 is good money. And almost everyone can do it.
Not almost everyone can do it, their FAQ state only people from 39 countries are eligible for Coinbase Earn. Additionally, at least for half of those countries, $20 is small amount of money.
3. Live in one of the following eligible countries:Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Turkey, the United Kingdom, or the United States.
We are working hard to add more eligible countries soon.
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Of course I understand that. But don't you pass KYC in order to trade on Coinbase or Binance? It's the same thing, after all. Today, these are the two largest exchanges with huge liquidity, DEX will not replace them, which means you will pass KYC anyway.
At very least, i won't perform KYC verification only to use Coinbase Earn. DEX these days also easy to use for trading between altcoin/token.
That's for sure, but what I mean is that if you're going to trade on Coinbase, you'll pass KYC anyway. I'm not saying that you should do it just to pass quizzes.
Of course, if you want to buy a small amount of coins, you can go to DEX, this is not a problem. But I'm not sure that many beginners will immediately go to DEX, except perhaps those to whom colleagues or friends will explain this.
A person who is new to cryptocurrency will be much more comfortable making their first purchases on a reliable exchange. Fake addresses, slippage, and additional purchase of coins for gas, depending on the blockchain. All this to an inexperienced user may seem dubious and a bit complicated at the beginning.