When it comes to buying cryptocurrencies then coinbase is the best platform to buy or exchange cryptocurrencies. In this article, you will get to know how to buy Shiba Inu coins on coinbase.
If you don’t know what is cryptocurrencies and what is Shiba inu coin (SHIB) then look no more in this article you will find all of your answers and a step-by-step guide on how to buy Shiba inu coin on coinbase. So with waiting any more time let’s get started.
What Is The Shiba inu coin (SHIB)?
The basic definition of Shiba Inu coin or SHIB is, that SHIB is a token designed to be an Ethereum-compatible good alternative to Dogecoin. Like DOGE and SHIB is intentionally large— with an initial spreading supply of one quadrillion coins.
Shiba Inu coin is an Ethereum-based cryptocurrency. The meaning of Shiba Inu is a Japanese breed of hunting dog. Many people consider it as the alternative to Dogecoin or are inspired by Dogecoin.
Ryoshi is the anonymous founder of Shiba Inu coin (SHIB) and he taught many crypto investors what is the benefits of Shiba Inu and told his die-hard community that
“I am a nobody, I am not important”
Since the release of the Shiba inu coin traders have searched for the tokens every where. On September 17, 2021, the largest US-based crypto exchange platform Coinbase listed the Shiba Inu Coin on their platform. By that, the price of SHIB has increased by 40% in two days.
How To Buy Shiba Inu Coin On Coinbase?
Here is the step-by-step guide to how to buy Shiba Inu coin on coinbase. With the help of these 7 easy steps, you will start your crypto journey easily.
Create An Account On Coinbase
The first thing you have to do to buy Shiba Inu coin is just simply to create an account on coinbase. You can download the coinbase app or just visit www.coinbase.com and then sign up using your credentials.
You will need a valid ID and address details to create the account. It might take some time to create an account depending on what is your local address or where you live currently.
Select Payment Methode
After creating the account on coinbase the next step will be adding a payment method. For that just tap on the payment box and add the payment method of your like. You can use most of the payment methods like online banking, debit or credit cards, and much more.
Start A Trade
Now this is the most important part of knowing how to buy Shiba Inu coin on coinbase. On the coinbase platform, you can select buy or sell trades. But before starting a trade make sure you collect enough knowledge and analyze the risk of trading cryptocurrency.
Select Shiba Inu Coin
On the coinbase app or website click the buy bar to search and select Siba Inu Coin or simply search the Siba Inu Coin anime on the search bar. When you find the Siba Inu, then tap on the purchase option to open the purchasing screen.
Enter The Disariable Amount
After selecting the Siba Inu Coin, then enter the amount that you want to buy. After entering the number or quantity, coinbase will show you the local currency amount that need to buy this amount of Siba Inu Coin. then the app automatically converts your currency to the Siba Inu Coin.
If you want to spend the right amount of money then tap on the arrow button to switch the number to the equivalent amount of Siba Inu Coin.
Purchase your Siba Inu Coin
After selecting the amount tap the “Preview buy” button. There will be a payment screen open up. You will be shown all the details of your purchase. Make sure everything is perfect. Then confirm your payment using your payment method and make a purchase by clicking “buy now”.
Done! You have successfully added Siba Inu Coin to your coinbase wallet. Once the order is in progress, you’ll be taken to the invoice screen.
FAQs (Frequently Asked Question) :-
Ans: :- It looks like it is not currently happening that Siba Inu Coin hit Rs 1. Considering all the factors this goal is very far from its current situation.
Ans:- The current value of 4000 Siba Inu Coin is $0.000008 US.
Ans:- Currently, Shiba Inu Coin is not a good investment because its value is too low compared to its competitor Dogecoin.
Ans:- Yes it is one of the riskiest assets in crypto. You need enough luck and liquidity to invest in SHIB.
Ans:- In the above-mentioned article there is a step-by-step guide on how to buy Shiba Inu coin on coinbase.
Ans: :- Some anonymous person or organization named “Ryoshi”. Created the SHIB. the mystery of the dog-themed cryptocurrency is still unknown like Bitcoin by Satoshi Nakamoto.
CONCLUSION
In this above-mentioned article, you understand how to buy Shiba Inu coin on coinbase. It is not a Financial Advice it is just an article about how to buy Shiba Inu coin on coinbase. So if you find this article helpful then do follow us on crypto journals for more exciting content.
Disclaimer: This is not advice or promoting any kind of buying or selling crypto. It is just a guide to help you to shiba inu coins on coinbase.
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