Imagine this: It’s October 2021, and the cryptocurrency world is buzzing with excitement. A new player, Shiba Inu Coin, has entered the scene, and it’s on a rollercoaster ride unlike anything we’ve seen before.

Shiba Inu Coin, often dubbed “Shiba,” had embarked on a historic rally, capturing the attention of investors worldwide. However, as of October 2023, it stands at $0.000007234 per coin, making it an intriguing opportunity for those looking to dip their toes into the crypto market.

In this guide, we’ll not only walk you through the process of buying Shiba Inu Coin on Coinbase but also take a closer look at its fascinating history from an investor’s perspective. So, whether you’re here to reminisce about Shiba’s wild ride or learn how to buy it today, you’re in for a treat!

Getting Started on Coinbase

To begin your journey into the world of Shiba Inu Coin, let’s first set up your Coinbase account. Follow these steps:

  1. Visit the Coinbase Website: To access Coinbase, head to their official website by clicking here.
  2. Sign Up: Click the “Get started” button, and you’ll be prompted to create an account. Fill in your first name, last name, email address, and a strong, secure password.
  3. Verify Your Email: Check your inbox for a verification email from Coinbase and click the link to confirm your email.
  4. Verify Your Identity: Coinbase takes security seriously, so be prepared to provide some personal information and verify your identity. This usually involves uploading a photo of a government-issued ID, like a driver’s license or passport.
  5. Set Up 2-Factor Authentication (2FA): For added security, enable 2FA by linking your mobile number or using an authentication app like Google Authenticator.

With your Coinbase account set up, you’re now ready to dive into the world of Shiba Inu Coin.

Buying Shiba Inu Coin on Coinbase

coinbase dashboard

Now, let’s explore the process of buying Shiba Inu Coin:

  1. Log In: Visit Coinbase and log in using your email and password.
  2. Navigate to the Dashboard: Upon logging in, you’ll land on the Coinbase dashboard, your gateway to all things crypto.
  3. Click on “Trade”: Find the “Trade” button in the top left corner of the dashboard and click on it.
  4. Select Shiba Inu Coin: In the search bar, type “Shiba Inu” and select the Shiba Inu Coin trading pair of your choice (usually SHIB/USD or SHIB/USDT).
  5. Specify the Amount: Indicate the amount of Shiba Inu Coin you wish to purchase. Coinbase will display the current price per coin.
shiba inu price chart coinbase

6. Choose Your Payment Method: Select the payment method you linked earlier, either your bank account or credit/debit card.

7. Review and Confirm: Carefully review your purchase details, including the amount, payment method, and fees. If everything looks good, click “Buy Now.”

8. Verify Your Purchase: If you’ve enabled 2FA, Coinbase will ask you to verify your purchase. Follow the instructions to complete the transaction.

9. Congratulations! You’re a Shiba Inu Coin Owner: Once confirmed, your Shiba Inu Coins will appear in your Coinbase portfolio.

A Closer Look at Shiba Inu Coin’s History

Now that you’re a Shiba Inu Coin owner, let’s take a moment to appreciate its history from an investor’s perspective. Here’s a glimpse into Shiba’s price journey over the past year:

  • 10/01/2023: $0.00000723 (-1.36%)
  • 09/01/2023: $0.00000733 (-8.26%)
  • 08/01/2023: $0.00000799 (-5.56%)
  • 07/01/2023: $0.00000846 (+11.90%)
  • 06/01/2023: $0.00000756 (-11.89%)

Shiba Inu Coin’s price history is a testament to the crypto market’s volatility. Several factors contribute to this volatility, including:

  • Speculation: Shiba Inu Coin, like many cryptocurrencies, often experiences price fluctuations driven by speculative trading rather than fundamental factors.
  • Market Sentiment: News, social media trends, and community sentiment can swiftly impact Shiba’s price. Positive developments can lead to surges, while negative news can trigger sharp declines.
  • Liquidity: Shiba Inu Coin’s price can be influenced by liquidity levels and trading volume. Low liquidity can result in more significant price swings.
  • Competition: The cryptocurrency market is highly competitive, with new projects constantly emerging. Shiba faces competition from both established and up-and-coming tokens.

This rollercoaster of price movements exemplifies the volatility of the cryptocurrency market. It’s essential to stay informed, exercise caution, and make responsible investment decisions.

TLDR

In summary, your journey into the world of Shiba Inu Coin begins with setting up a Coinbase account and making your first purchase. Shiba’s remarkable history from its October 2021 rally to its current price of $0.000007234 per coin demonstrates that no one really knows what cryptos will become the mainstays of the future.

Remember that investing in cryptocurrencies carries risks, so always do your research, never invest more than you can afford to lose, and stay updated on the ever-changing market trends. With these principles in mind, you’re well-equipped to explore the exciting possibilities of Shiba Inu Coin. Happy hunting!

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