Shiba Inu made quite the news earlier this year after Robinhood Market investors clamored for it to be included on the popular platform.
Coinbase, the largest cryptocurrency exchange in the United States, already has the coin available for trading. Join Coinbase to buy SHIBA Inu.
Key Takeaways
• You can easily transfer SHIB and any other crypto from your Coinbase wallet to your Coinbase account at the snap of a finger.
• Linking your Coinbase account and Coinbase wallet attracts a miner’s fee.
SEE ALSO: How to Earn Crypto on Coinbase While Learning
SEE ALSO: Staking On Coinbase? 5 Key Things You Should Know
SEE ALSO: How To Transfer Money From Coinbase To PayPal
However, trade-in SHIB, like many others in the crypto space, has been exceedingly erratic. This might be due to Elon Musk’s Twitter proclamations, which have sent prices soaring.
SHIB dropped at one point after the Tesla Inc. CEO declared he didn’t hold any. According to CoinGecko.com, the coin has dropped roughly 45% since it soared in October.
Nonetheless, according to CoinGecko.com statistics, the SHIB token is presently among the biggest cryptocurrencies, with a market value of over $25 billion. This proves its worth in the same ballpark as major international organizations out there.
Today, investors have taken to trade the SHIB coin, especially on Coinbase, SHIB is one of the fast-rising cryptos in the market.
Let’s take a look at the SHIB market price
SHIBA INU’s Price Today
[mcrypto id=”7156″]
Let’s take a looks at SHIB’s price history
Transfer SHIB INU from Coinbase Wallet to Coinbase Account – Quick Steps
If you wish to transfer Shiba Inu from your Coinbase wallet to your Coinbase account and you don’t know how to, follow the outline below.
You can link your Coinbase account and Coinbase wallet to transfer cryptocurrency between them. However, you will be charged a miner’s fee or simply a transaction fee in literal terms for carrying out the procedure.
On Coinbase, you can do the following:
- Transfer cryptocurrency between your Coinbase Wallet and Coinbase.com account with ease.
- Send and receive supported crypto to a separate Coinbase Wallet user.
- Also, crypto-assets transferred from a Coinbase account to a Coinbase Wallet will no longer be kept by Coinbase. As a result, you would become responsible for keeping your crypto assets safe.
If you would like to connect your Coinbase Wallet and Coinbase account, simply follow the steps below:
- Launch the Coinbase Wallet app on your mobile device.
- Navigate to your settings.
- Select connect to Coinbase.
- Complete the remaining procedures to link your accounts.
If you would like to transfer Shiba Inu from your Coinbase Wallet to your Coinbase account, simply follow the steps below:
- Launch the Coinbase Wallet app on your mobile device.
- Select “Send.”
- Enter the amount to be transferred.
- Tap “Next” after selecting a supported coin, in this case, Shiba Inu.
- When prompted to input the address to which you want to send money, select Coinbase.
- Finish your transfer by completing the remaining procedures.
- You can troubleshoot your 2-step verification if you did not get a verification code to complete the transfer.
If you would like to transfer cryptocurrency from your Coinbase account to your Coinbase Wallet, simply follow the steps below:
- Launch the Coinbase Wallet app on your mobile device.
- Navigate to your settings.
- Select “Buy” or “transfer.”
- Select the supported crypto. In this case, Shiba Inu.
- Enter the amount to be transferred, and then hit Continue.
- Finish your transfer by completing the remaining procedures.
Please keep in mind that you can only transfer available amounts from your Coinbase account to your Coinbase Wallet.
Shiba Inu coins in your Coinbase account that are currently pending cannot be transferred to your Coinbase Wallet.
If you don’t want to link your accounts, you can transfer cryptocurrency manually between the Coinbase account and Coinbase Wallet.
Simply copy your crypto address from the destination account and paste it into the address field when transferring crypto.
SEE ALSO: How Do I Cashout On A Coinbase Wallet
SEE ALSO: How Often Does Coinbase Pay Staking Rewards
SEE ALSO: What Cryptos Can Be Staked On Coinbase
Frequently Asked Questions (FAQs)
Does Coinbase Wallet support Shiba Inu?
Shiba Inu (SHIB) is accessible on Coinbase.com as well as the Coinbase Android and iOS applications. Customers of Coinbase can trade, transmit, receive, or store SHIB in the majority of Coinbase-supported areas.
What is special about the Shiba Inu Coin?
Shiba Inu is an Ethereum-based token, which means it works with the whole Ethereum ecosystem.
The Ethereum blockchain, according to the creator, was the ideal host for Shiba Inu since it was already safe and well-established and it allowed the project to remain decentralized.
Does Shiba Inu coin get burned?
Yes, according to Etherscan statistics, around 41% of the token’s total supply is burnt, implying that those coins are no longer in circulation.
Final Thoughts
Shiba Inu is one of those coins that was recently added to the Coinbase platform and, as such, investors who have an interest in the crypto can now transfer it from their Coinbase wallet to their Coinbase account and vice versa.
In case you are interested in doing that and you do not know how to, simply go through the steps explained above and you are good to go.
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