How to Buy Shiba Inu on Coinbase? Beginner’s Guide

How to Buy Shiba Inu on Coinbase?

Step 1 - Create a Coinbase Account

First, you need to create a Coinbase account to buy Shiba Inu on the platform. The exchange also has a Coinbase Pro feature with advanced tools for experienced traders. Download the Coinbase app and sign up using your details like name, email ID, and other necessary details.

Make sure that you have a valid identity card and address proof to upload onto the platform to complete verification. Coinbase may take a few minutes to a couple of hours to verify your identity and complete the account set up.

Step 2 - Add a Payment Method to Your Account

In the next step, you need to add a payment method to your Coinbase account. Adding funds or a payment method is an obvious and necessary step to start buying Shiba Inu on Coinbase. Go to the payment method box on the platform and connect a payment method. Coinbase supports bank accounts, debit card payments, and wire transfer payment methods.

Step 3 - Search Shiba Inu on Coinbase

If you are using the Coinbase website, then select the “Buy & Sell” option. Or, if you are using Coinbase mobile app, click on the “Trade” option. The next step is to search for Shiba Inu tokens in the search bar and tap on “Shiba Inu” to purchase the tokens on Coinbase. In the next slide, the purchase page opens up, which prompts you to buy SHIB tokens. Here, click on the “Trade” option to continue buying Shiba Inu on Coinbase.

Step 4 - Enter the Amount You Want to Buy

After you select the Trade option, the next page prompts you to enter the amount you would like to spend buying SHIB. Here, check the current Shiba Inu price and enter the amount you would like to buy. The platform will automatically cover the amount you entered into the number of SHIB tokens you will get after the purchase. Here, you can adjust the amount based on the number of SHIB tokens you would like to purchase.

Step 5 - Buy SHIB on Coinbase

The final step is to buy SHIB tokens on Coinbase. Before that, you can select the “Preview Buy” option and verify the details of your purchase. Ensure that all the details are correct and then click on “Buy Now” to confirm the transaction. Once the order gets executed, a confirmation screen appears. Congratulations, you’ve bought your first Shiba Inu on Coinbase!