Can you buy shib on coinbase?

 Can you buy shib on coinbase?

How to buy Shiba Inu Coins?

Shiba Inu, dubbed as "The Dogecoin Killer," is a meme coin that has gained significant growth in a short period of time. After its listing on Binance on May 10, 2021, social media buzz and a dedicated community boosted the coin's price by 164%. Prior to its Binance listing, the coin traded at $0.000014, but after listing, its value skyrocketed to an all-time high of $0.000037 in just one day. As a result, Shiba Inu has become a popular choice for crypto investors. This comprehensive guide will assist you in purchasing Shiba Inu coins easily. However, before investing, it's important to understand everything about the coin.

How to buy Shiba Coins directly through Coinbase?

Shiba Inu is an altcoin built on the Ethereum network, so it can only be traded for major cryptocurrencies like ETH or USDT. You can then exchange these for Shiba coins on any altcoin exchange platform that supports it. Good news, Coinbase listed this currency last year, so now you can purchase it directly from Coinbase without the need to buy any other cryptocurrency.

Here's a step-by-step guide to buying SHIB coins on Coinbase in a straightforward manner:

Step 1: Sign up for Coinbase

If you're new to Coinbase, you'll need to create an account. Go to the Coinbase website and enter your email and other required information. Hit the "Register" button to complete the registration process. If you have a referral code, enter it during sign-up to receive $10 worth of BTC when you trade $100 worth of BTC.

Check your registered email for a verification email and add your mobile number for two-factor authentication. After logging in, follow the instructions to complete the KYC process, which typically takes 15-30 minutes.

Step 2: Add Payment Method to Coinbase

After completing the KYC process, your Coinbase wallet will be ready to use. To buy crypto, you need to add funds to your wallet, which requires linking a payment method. Here's how:

Go to your Coinbase account settings by clicking on "Settings." Select the "Add a payment method" option.

There are various payment methods available on Coinbase, depending on your country, such as PayPal, credit/debit card, bank transfer, wire transfer, etc. For quick and small purchases, you can use PayPal or a credit/debit card. For large transactions with lower fees but longer processing time, you can choose a wire or bank transfer.

Once you've selected a suitable payment method, enter the required information. Now you can use this payment method to add funds to your Coinbase wallet.

tep 3: Begin Trading on Coinbase

To start trading, click on the "blue arrow swap" (trade) icon in the center of the bottom bar.

Click on the "Buy" option to purchase the desired cryptocurrency from the available options.

Step 4: Select Shiba INU as Cryptocurrency

From the list of assets, choose "Shiba INU" as the cryptocurrency you wish to buy. If you can't find the option, type "SHIB" in the search bar and select the result.

Step 5: Specify the Quantity of Shiba Coins to Buy

On the trading page, you'll see the current price of the Shiba coin and how much you need to pay in your local currency to purchase one coin. Using the number pad, input the quantity of Shiba coins you want to buy.

The total cost in your local currency, including processing fees and other charges, will be displayed on the screen. Select your preferred payment method and click "Preview Buy" to finalize your purchase.

Step 6: Verify Details & Confirm Your Purchase

On the final payment page, carefully review all the details, including processing fees, payment method, Coinbase fees, etc. If you're satisfied with the information, click "Buy Now" to complete your purchase. And that's it! You've successfully bought Shiba Coins directly on Coinbase without exchanging any other cryptocurrency.

Is Shiba INU network safe for trading?

The popularity and recent rise of Shiba Inu coins have raised concerns about the coin being a scam. However, Shiba Inu is built on the secure ETH network and is working on Shibarium (Shiba L2), a more decentralized solution than BSC or Polygon, making the network more secure against hacking.

Who are the founders of Shiba INU?

The creator of Shiba INU is known as Ryoshi, who may be an individual or a group. Ryoshi characterizes himself as a CEO, tech person, and roadmap creator in Ryoshi Research's blog. Ryoshi emphasizes that no single person is responsible for the coin and declines pitches and influencer requests from crypto exchanges.

Will Shiba INU reach $1 value?

It is unlikely that a meme coin will reach a value of $1, despite its popularity. Currently, Shiba INU is valued at around $0.000013 per coin and would need to increase by 30% annually, with 2-3% of coins burned yearly, to reach $1. Due to cryptocurrency's volatility, making predictions about Shiba INU's future value is risky.

Can you buy Shiba INU with cash?

You cannot currently buy Shiba INU directly with cash, but you can buy it on Coinbase or Localbitcoins with fiat transfer and then exchange it for Shiba INU on an altcoin exchange that supports it.

What will Shiba INU be worth in 2025?

Based on its historical growth, Shiba INU is expected to grow in the coming years. Despite its recent fall in value, more and more investors are investing in it. As the platform grows its decentralized exchange system and other features, it is expected to gain more attention and potentially reach a maximum value of $0.00071 by the end of 2025.

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