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Why is it not possible to buy Shiba on Coinbase?

avatarrushDec 28, 2021 · 3 years ago6 answers

Why can't I purchase Shiba Inu (SHIB) on Coinbase? Is there any specific reason why Coinbase does not support Shiba Inu?

Why is it not possible to buy Shiba on Coinbase?

6 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, Coinbase currently does not support Shiba Inu (SHIB) for trading. Coinbase has a strict listing process and criteria for adding new cryptocurrencies to its platform. While Coinbase regularly evaluates and adds new coins, not all cryptocurrencies meet their requirements. It is possible that Shiba Inu has not met Coinbase's criteria for listing at this time. However, you can check other exchanges that support Shiba Inu for trading.
  • avatarDec 28, 2021 · 3 years ago
    Coinbase has a limited selection of cryptocurrencies available for trading, and Shiba Inu (SHIB) is not one of them. Coinbase typically focuses on listing established and reputable cryptocurrencies. Shiba Inu is a relatively new and speculative token, which may be the reason why it is not available on Coinbase. However, there are other exchanges where you can buy and trade Shiba Inu.
  • avatarDec 28, 2021 · 3 years ago
    As an expert from BYDFi, I can tell you that Coinbase's decision not to list Shiba Inu (SHIB) may be due to various factors. Coinbase prioritizes security, regulatory compliance, and the overall reputation of the cryptocurrencies it lists. Shiba Inu is a meme token that gained popularity through social media, and it may not meet Coinbase's strict listing criteria. However, there are alternative exchanges where you can buy Shiba Inu and participate in its trading.
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, Coinbase does not support Shiba Inu (SHIB) at the moment. Coinbase typically lists cryptocurrencies that have a strong track record, widespread adoption, and meet their compliance standards. Shiba Inu is a relatively new and volatile token that may not meet these criteria. However, you can explore other exchanges that offer Shiba Inu for trading.
  • avatarDec 28, 2021 · 3 years ago
    Coinbase's decision not to list Shiba Inu (SHIB) could be due to the token's speculative nature and lack of regulatory clarity. Coinbase prioritizes the safety and compliance of the cryptocurrencies it supports, and Shiba Inu may not meet their standards. However, there are other reputable exchanges where you can buy and trade Shiba Inu if you're interested in investing in this token.
  • avatarDec 28, 2021 · 3 years ago
    Shiba Inu (SHIB) is not available on Coinbase because Coinbase has not yet listed it. Coinbase regularly evaluates and adds new cryptocurrencies based on their criteria. While Shiba Inu may have gained popularity, it may not have met Coinbase's requirements for listing. However, you can explore other exchanges that offer Shiba Inu for trading and investment purposes.