Shiba Inu Coin (SHIB) is a cryptocurrency that was created in August 2020. It is a decentralized, open-source, peer-to-peer digital asset that operates on the Ethereum blockchain. SHIB is designed to be a fast, secure, and low-cost alternative to traditional cryptocurrencies such as Bitcoin and Ethereum.

People buy Shiba Inu Coin for various reasons, including as a speculative investment, as a way to participate in decentralized finance (DeFi) projects, and as a store of value. The popularity of Shiba Inu Coin has grown significantly since its launch, and it has become a top 100 cryptocurrency by market capitalization.

One popular platform for buying Shiba Inu Coin is Coinbase, a leading cryptocurrency exchange based in the United States. Coinbase offers a simple, user-friendly platform that allows users to buy, sell, and store a variety of cryptocurrencies, including SHIB. This article will outline the steps for purchasing Shiba Inu Coin on Coinbase.

Setting up a Coinbase account

Before you can purchase Shiba Inu Coin on Coinbase, you will need to set up a Coinbase account. The process is straightforward and can be completed in a few simple steps. In this section, we will outline the steps for setting up a Coinbase account, the verification process, and adding a payment method.

Steps for creating a Coinbase account:

• Go to the Coinbase website (www.coinbase.com) and click on the “Sign Up” button.
• Enter your personal information, including your name, email address, and password.
• Verify your email address by clicking on the verification link sent to you by Coinbase.
• Complete the account setup process by providing additional information such as your address and phone number.
  

Coinbase requires its users to undergo a verification process to ensure the security of its platform and to comply with regulations. This typically involves providing a government-issued ID and proof of residency.

Once your account is set up and verified, you will need to add a payment method. This can be done by linking a bank account or adding a credit/debit card. To purchase Shiba Inu Coin, you will need to have funds available in your Coinbase account.

Note: The availability of payment methods may vary based on your location and the country you are in. Additionally, certain payment methods may not be available for purchasing cryptocurrencies on Coinbase. It’s best to check the available payment methods in your country before setting up your account.

How to buy Shiba Inu Coin: Coinbase

In this section, you will learn how to find and purchase Shiba Inu Coin on Coinbase. By following the steps outlined below, you can easily add Shiba Inu Coin to your portfolio and place an order to buy the cryptocurrency. Additionally, you will learn about the different types of orders you can use to purchase Shiba Inu Coin, including market orders and limit orders.

Search for Shiba Inu Coin on Coinbase:

• Log in to your Coinbase account and click on the “Buy/Sell” button.
• In the search bar, type “Shiba Inu Coin” or “SHIB” and select it from the results.

Adding Shiba Inu Coin to your portfolio:

• If you have not already, add Shiba Inu Coin to your portfolio by clicking on the “Add to Portfolio” button.
• This will allow you to track the price of Shiba Inu Coin and easily make purchases in the future.

Placing an order for Shiba Inu Coin:

• Once you have found the Shiba Inu Coin listing, select the amount you wish to purchase.
• Choose between a market order or a limit order.

A market order is an order to buy or sell a security at the best available price. In a market order, the order will be filled immediately at the current market price.

A limit order, on the other hand, allows you to specify the maximum price you are willing to pay (for a buy order) or the minimum price you are willing to sell (for a sell order). The order will only be filled at your specified price or better. This gives you more control over the price you pay for Shiba Inu Coin, but there is no guarantee that the order will be filled.

The availability of certain order types may vary based on your location and the cryptocurrency you are buying or selling. It’s best to check the available order types in your country before making a purchase.

Storing Shiba Inu Coin

After purchasing Shiba Inu Coin, it’s important to find a secure place to store it. In this section, you will learn about the different storage options available for Shiba Inu Coin and the recommended best practices for keeping your cryptocurrency safe.

There are several options for storing Shiba Inu Coin, including:

Online wallets: These are wallets that are accessible through the internet and are stored on a server. They are convenient for everyday use, but they are also the least secure option as they are vulnerable to hacking.

Desktop wallets: These are wallets that you can download and install on your computer. They are more secure than online wallets, but they are still susceptible to hacking if your computer is infected with malware.

Mobile wallets: These are wallets that you can download and use on your mobile device. They are convenient for on-the-go use, but they are also less secure than other options.

Hardware wallets: These are physical devices that are used to store cryptocurrencies offline. They are the most secure option for storing cryptocurrencies, as they are not connected to the internet and are therefore not vulnerable to hacking.

For maximum security, it’s recommended that you store your Shiba Inu Coin in a hardware wallet. Hardware wallets are physical devices that are designed specifically for storing cryptocurrencies and are considered to be the most secure option. By keeping your Shiba Inu Coin in a hardware wallet, you can ensure that your cryptocurrency is protected from potential hacks and other security threats.

It’s important to research and compare different hardware wallet options to find the one that best suits your needs. Additionally, make sure to follow best practices for securely using and storing your hardware wallet to keep your Shiba Inu Coin safe.

Conclusion

In this guide, we have covered the steps for buying Shiba Inu Coin on Coinbase, including setting up an account, adding a payment method, searching for Shiba Inu Coin, adding it to your portfolio, placing an order, and choosing between market and limit orders.

It is important to store your Shiba Inu Coin in a secure location to protect against theft or loss. A hardware wallet is a recommended option for maximum security.

Cryptocurrency investment is speculative and can involve a high degree of risk. It is important to research and carefully consider your investment options before making a purchase. Always make informed decisions and consult a financial advisor if necessary.

Cryptocurrencies are known for their volatility. Prices can go up or down in a matter of minutes, hours, or days. This makes it difficult to know when to buy and sell crypto. In this blog post, we will teach you how to identify a crypto dip. By understanding the three key signs, you will be able to make more informed decisions about your crypto investments!

The main crypto dip triggers

The first key sign of a crypto dip is a sudden drop in price. This can happen for a variety of reasons, such as news events or technical issues. If you see a sudden drop in price, it’s important to pay attention to the other signs before making any decisions.

The second key sign of a crypto dip is increased selling pressure. This means that more people are trying to sell their crypto than buy it. This usually happens when people are worried about the future of the market.

The third key sign of a crypto dip is panic selling. This happens when people are so worried about the market that they sell their crypto without thinking about the long-term consequences. This can lead to further drops in prices and should be avoided if possible.

If you see any of these key signs, it’s important to do your own research before making any decisions. Crypto is a volatile market and it’s important to understand the risks before investing. We hope this blog post has helped you learn how to identify a crypto dip!

Conclusion

By understanding the three key signs of a crypto dip, you will be able to make more informed decisions about your crypto investments. Thanks for reading! Stay safe and don’t panic sell!

Please note that this article is not financial advice and should not be taken as such. Please do your own research before making any kind of crypto investment.

Dfinity coin has only one mission, and this is to revolutionize the internet. Known as the Internet Computer, the token it uses is a Dfinity cryptocurrency in which you can invest. While you cannot buy the token by using fiat money, you will be able to buy it anyway through BTC or ETH coins.

This article aims to present you with a step-by-step guide on where and how to buy Dfinity coin.

Open an Account on Coinbase

1.   Open the Coinbase website. You can also download an app for iOS or Android as well.
2.   Click on the Get Started button.
3.   Fill out the information about your name, email address, password, and the state of your residence. Note that you should fill out your real name and a valid email address because this is the only way to have an accurate Coinbase account.
4.   After you have read the Privacy policy and the User Agreement document, you can tick the box off and proceed.
5.   Click on Create an account and verify the email via a verification mail you will receive.
6.   After email verification, you will proceed to phone number verification. Proceed to provide your phone number, and you will receive a seven-digit code which you can enter in the corresponding field.
7.   Click on Submit.
8.   A new page will open up where you will be able to fill out your personal information, such as your name, date of birth, and address. This information must match the information that is on your government-issued ID.
9.   Answer the questions on the next page. The questions relate to your current occupation, the purpose of Coinbase usage, as well as the last four digits of the SSN.
10.   Then, you will be able to verify your identity by providing the required documents, and you will be able to set up a 2-step-verification as well.
11.   Finally, you will be able to link a payment method to your Coinbase account. Either upload your credit card details or have a bank transfer. For example, credit cards allow you for instant purchases but have fees that are higher (3.9%). A  bank transfer, however, may take several days.

Now you are one step closer to buying a Dfinity coin.

Use Bitcoins or Ethereum coins to buy Dfinity cryptocurrency

How to Buy Dfinity Coin With Bitcoins or Ethereum Currencies?

Since you cannot purchase a Dfinity coin directly, you can purchase Bitcoins or Ethereum coins and exchange them for a Dfinity coin. Note that you do not have to buy a whole coin; you can buy any portion of it that you want.

Go to the BUY section. Decide on the cryptocurrency and the amount that you want to purchase. Click on Buy, and decide how you would like to pay. After you have purchased Bitcoins or Ethereum coins, you can proceed to buy Dfinity coin as well.

Exchange Your Coins for Dfinity Coins

At the moment, three markets allow you to buy Dfinity coin by exchanging them for Bitcoins and Ethereum coins. Their names are MXC, Hoo, and Tokok. We will explain how to exchange Dfinity coin using the Tokoko market.

Do You Have a Digital Wallet Already?

To buy Dfinity coin, you will also need to have a wallet so that you can store your coins safely. You can use a Metamask wallet, Trust wallet, or any other wallet for this purpose. For example, we will now explain how to open a Trust wallet.

1.   Download the Trust wallet app from the Play Store.
2.   After installation, click on Create a new wallet.
3.   After carefully reading the Terms of Service, you can tick that box off.
4.   To be able to Back up your trust wallet, you will receive twelve phrases that you need to copy and paste somewhere safe. Arrange them so that they make a phrase.
5.   You have set up your Trust wallet.

Trust wallet is an excellent option if you are a beginner in the crypto world but also if you have been around for years. Five million users across the globe have recognized the high quality of this wallet. You can download it for free from the Play store and pay only for gas fees.

Open Tokoko Exchange Platform Account

After you have set up the exchange account, you will be able to proceed with the swap. Go to the deposit button next to the coin that you have, BTC/ETH. When you hover over the cryptocurrency, you will be able to create a wallet ID that is unique to your account. Copy your wallet ID, then proceed to copy it to the clipboard option.

At your Coinbase account, head over to the Portfolio section and click on either Bitcoin or Ethereum, and paste the wallet address into the Recipient field. Click on the Send button. After you have sent the cryptocurrency, expect a confirmation email.

As soon as the coins reach the Tokoko market, you will be able to buy Dfinity coin. You will need to press the Exchange button. Make sure to choose either BTC or ETH. In the search bar, choose BTC, for example, and search for the BTC/DFN duo and click select. Click on Buy DFN, then decide how many percents of the coin you would like to buy.

Buy Dfinity Coin and Store It Safely in a Hardware Wallet

After purchasing the Dfinity coin, we recommend that you start storing it safely in a hardware wallet. Keeping your Dfinity coins or other cryptocurrencies that you have in a hardware wallet is a perfect option for long-term storage, for example. The best hardware wallets currently are Ledger and Trezor. These wallets are almost impossible to hack and are a much safer option than hot wallets and cold wallets as well.

Monitor the market and decide whether or not to invest in the cryptocurrencies such as Dfinity

Should You Buy Dfinity Coin?

Whether or not to invest in a particular cryptocurrency is a question with no correct answer. The market is volatile, and things change rather quickly on the one hand, but on the other hand, the price can remain at the same level before surging to unimaginable heights. Our advice is to invest and monitor the market.