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Sometimes this verification is automatic depending on the relationship Coinbase has with your banking institution, otherwise it might take a few days as Coinbase will make a couple small deposits in your account that you'll need to verify. To use a bank account, you'll just need to select you back account, give Coinbase some information about the account, and then waiting for the account to be verified. Also be sure to check with your credit card company as some companies actually charge a fee or highest interest for purchasing cryptocurrency using a credit card.

We've found using a credit card is the fastest way to fund your account, however you will have a lower deposit limit. In the United States we are given the option to fund our Coinbase account with either a Credit Card or Bank Account. To add a payment method to your account, you can either click on the 'Add payment method' box that appears at the top of the main screen on Coinbase, or click on your profile photo then settings then payment methods. If you already have a Coinbase account with your funding method setup, click here to skip to step three. Step Two: Add a payment (funding) method to your Coinbase account It might take a few minutes to process and validate your identity, but once the process is complete you are ready to fund your Coinbase account. If that's the case you can either upload your Driver's License, State ID card, or passport to verify your identity.

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Since we are discussing how to purchase using US Dollar, we are assuming you are a US resident. Once you've completed that portion, the next step will be a photo verification.

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If you didn't see the 2FA sign up, don't worry, it will appear at some point.Ĭoinbase assumes that you are signing up for an Individual investment account so the next part of the sign up process deals with verifying your identity.Ĭoinbase will ask you for your full legal name, address, date of birth, and a few other personal questions. We have never seen a spam message came from this, rather it is only used to login to your account and alert you to any major account changes. This is 100% so you can setup your Two-factor authentication (2FA) to make your account even more secure. The next part sometimes changes (we are guessing Coinbase does a lot of user testing) but normally you are then asked for your mobile phone number. The nice thing about Coinbase is there is no upfront waiting period-simply sign up, confirm your email address, and you’re all set. Once you receive the email just click on the link and you should now have access to your Coinbase account. NOTE: MAKE SURE to use your real name as Coinbase will use this for account verification.Īs with more sign-up processes, the next step will be Coinbase sending you an email to verify your email address. You also need to be at least years of age to sign up for an account. Next you should see a pop-up asking you for a few more account details such as your first and last name, re-confirming your email address (really annoying as sometimes this will show up as blank), setting a password, and the state you live in. Make sure that this is both an email address you have access to and also one that you consider the most secure as you'll use this to sign in and manage your cryptocurrencies.

Once you are at their website you'll need to enter your email address in the get started box. So the first thing you'll need to do is visit their website.

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If you already have a Coinbase account, skip to step two.Ĭoinbase has both an iOS (iPhone) and Android app to manage your account, however the easiest way to create an account with them is to use their website. Step One: Setup your own Coinbase account

So we are going to focus this guide on how to use Coinbase to buy SHIB using USD. Robinhood also has the same limitations as Paypal (or Venmo) where they 'don’t currently provide you with access to your wallet or your wallet address' which means they do not offer a way for your to transfer your crypto out of Robinhood. PayPal (or Venmo) is probably the most well-known of the group of three, however as of right now if you plan on trading this cryptocurrency on other marketplaces this is not your best option as the crypto in your account cannot be transferred to other accounts on or off PayPal. The three major options for this in the United States are Coinbase, Paypal (or Venmo), or Robinhood. To buy Shiba Inu using USD (US Dollar) you will have to use a cryptocurrency exchange or financial service that supports funding via either your bank account or credit card. Step by step guide on how to buy Shiba Inu (SHIB) cryptocurrency with USD