how to sell shiba inu on coinbase wallet

How to Sell Shiba Inu on Coinbase Wallet

Shiba Inu (SHIB) is a popular cryptocurrency that has gained significant traction in the market. If you own SHIB and want to sell it, Coinbase Wallet offers a convenient and secure platform to do so. This guide will provide a step-by-step walkthrough on how to sell SHIB on Coinbase Wallet.

Before You Start:

• Ensure you have the Coinbase Wallet app downloaded and installed on your mobile device.
• Create or log into your Coinbase Wallet account.
• Make sure you have sufficient SHIB in your Coinbase Wallet.

Step 1: Open the Coinbase Wallet App

• Launch the Coinbase Wallet app on your mobile device.
• Enter your PIN or use biometric authentication to log in.

Step 2: Navigate to the SHIB Wallet

• Tap on the "Portfolio" tab at the bottom of the screen.
• Find and tap on the SHIB wallet.

Step 3: Initiating a Sell Order

• Tap on the "Sell" button.
• Enter the amount of SHIB you want to sell or tap "Max" to sell all your SHIB.
• If desired, you can set a custom gas fee to expedite the transaction.

Step 4: Review and Confirm the Transaction

• Review the transaction details, including the amount of SHIB you're selling, the estimated gas fee, and the total proceeds.
• If everything looks correct, tap on the "Sell" button.

Step 5: Confirm Network Fee

• Coinbase Wallet will display the estimated network fee for your transaction.
• Tap on "Confirm" to proceed.

Step 6: Track the Transaction

• The transaction will be processed by the blockchain network.
• You can track the progress of your transaction in the "Activity" tab of your Coinbase Wallet.

Additional Information:

• Gas Fees: Network fees known as gas fees are required to process transactions on the blockchain. These fees can vary based on network congestion and the speed at which you want your transaction processed.
• Transaction Time: The time it takes for a transaction to complete can vary depending on network conditions and the gas fees you choose.
• Security: Coinbase Wallet prioritizes the security of your assets. Ensure your device is secure and that you're using strong passwords to minimize the risk of unauthorized access.

By following these steps, you can easily sell your SHIB on Coinbase Wallet and convert it into your desired currency or cryptocurrency.