After months of anticipation, Coinbase Pro has finally added the Shiba coin to their platform. The token is only being listed on a few exchanges and can be purchased with USDT or BTC at this time. In this article, you will know about, how to buy Shiba Inu on Coinbase Pro.
With its market cap dropping by almost half over the past month, it seems like SHIB will need some big news in order for investors to start getting interested again
Coinbase pro adds Shiba coin after several weeks of speculation from online communities regarding whether they would add them despite not having been available before now.
After adding support for selling and buying using USDT or bitcoin many users are excited about potentially making money off trading these tokens when other platforms don’t have access yet.
The Coinbase Pro team announced that SHIBA is not yet available on Coinbase.com. However, Coinbase Pro recently announced that inbound transfers for SHIBA Inu token are now available for all regions where trading is supported.
Furthermore, Speculation has been high regarding the possibility of Shiba Inu coin joining Coinbase in light of its addition to support for Shiba coins in CoinBase Custody, which allows people to deposit and withdraw cryptocurrency assets.
How to buy Shiba Inu on Coinbase Pro
- First of all, visit the official site of Coinbase Pro.
- Simply log in to your account, if already exists.
- In case if you didn’t have an account, then Sign up for a new account.
- Click on the Default Portfolios, at the upper right corner click on Deposit.
- To buy your first Shiba coin on Coinbase Pro, you should purchase USDC. Later on you can then buy Shiba coin and other cryptocurrencies.
- After that exchange the USDC currency for Shiba Token.
- You can buy currency through two payment options, Wire Transfer and Bank Account.
- Select the desired amount of coins you want to purchase. After that click on Withdraw.
- After that click on the Buy Option and Place Buy Order.
Where to Buy Shiba Coin
In the recent few months, Shiba Inu has been listed on some of the popular online platforms. With the increasing desire to buy new coins, Shiba Inu made it onto some major exchanges within months.
For those just starting with crypto to research which wallets will work best for your needs. For example, do you already have one of the popular platforms like Coinbase or Shift Cards? Or do some more searching around until finding something that suits what type of investment strategy is suitable for Shiba Inu Coin in particular.
Below are some of the trading platforms where you can buy Shiba Inu Coin.
How to Buy Shiba Inu Coin
The Shiba Inu (SHIB) is a cryptocurrency you should invest in if your goal is to gain exposure and increase wealth. However, finding ways to purchase the coin can be challenging, but there is no need to worry. We have outlined some of the popular platforms where you can buy SHIB coins.
If you want to get your paws on some Shiba Inu coins, the easiest way is by using KuCoin. You’ll need first buy USDT (a cryptocurrency called tether) and then trade it for SHIB. Below is the video, which will let you know how to buy Shiba Inu Coin on the KuCoin exchange.
Buy Shiba Inu Coin on Binance
Binance is a cryptocurrency exchange that features low trading fees and advanced security measures. You can trade over 100 different coins, including Bitcoin (BTC), Ethereum(ETH), Ripple(XRP) or NEM, among many others.
Binance’s innovative platform allows traders from all around the world to take advantage of highly competitive rates without having any previous knowledge about cryptocurrencies. Buy some bitcoins or other coins today if you want to access one exciting market tomorrow.
Binance is one of the most popular exchanges because it offers many altcoins. So it has become the go-to place for those looking to invest in recent cryptocurrencies.
To buy Shiba Inu Coin on Binance, you need coins from other exchanges traded for Shiba coins. Some popular options include Tether (USDT), Russian Ruble (RUB) and Brazilian Real (BRL), and Binance (USDT).
Buy Shiba Inu on Huobi
The Shina Inu coin was also made available for trading on Huobi. This time, it can be traded against Tether (USDT). Again, the fast card payments directly through the platform are a significant selling point of this exchange.
Buy Shiba Inu on ShibaSwap
ShibaSwap offers a variety of trading pairs that are adjacent to the project tokens. ShibaSwap is a truly decentralized exchange where you can buy Shiba Inu coins. While buying on the ShibaSwap platform, your wallet will need to be connected.
Some of the wallets are compatible with ShibaSwap, such as Metamask, Trust Wallet, Rainbow Wallet, Wallet Connect, etc.
Buy Shiba Inu Coin on UniSwap
Uniswap is a protocol that allows for the exchange of cryptocurrencies. The UniSwap facilitates the trading of cryptocurrencies on the Ethereum blockchains.
To buy Shiba Token on UniSwap, you will need to connect your wallet. The compatible wallets are Metamask, Coinbase Wallet, WalletConnect, Fortmatic, and Portis.
When you buy Shiba Inu Coin on a decentralized exchange, it is crucial that the slippage tolerance of your transaction can handle any price differences between what was offered and sold.
The user can set a percentage before each transaction which will cause the trade to revert if it’s too low.
Conclusion
In recent months, more online platforms have started to offer the Shiba Inu token. However, knowing where one should buy them can be a difficult task for many people. This is why this guide aims at making it more manageable!
