What is the process of using Shapeshift with Coinbase for cryptocurrency transactions?

3 answers

• Hussam AlhaririMar 31, 2021 · 4 years ago
  Sure! Using Shapeshift with Coinbase for cryptocurrency transactions is a fairly straightforward process. Here's a step-by-step guide: 1. First, you'll need to have accounts on both Shapeshift and Coinbase. If you don't have an account, you can easily sign up on their respective websites. 2. Once you have the accounts, log in to your Coinbase account and navigate to the 'Accounts' tab. Choose the cryptocurrency you want to convert and click on the 'Send' button. 3. In the recipient address field, enter the Shapeshift deposit address. This address is provided by Shapeshift and will be used to receive the converted cryptocurrency. 4. Specify the amount of cryptocurrency you want to convert and review the transaction details. Make sure everything is correct before proceeding. 5. Click on the 'Send' button to initiate the transaction. Coinbase will send the specified amount of cryptocurrency to the Shapeshift deposit address. 6. Once the transaction is confirmed on the blockchain, Shapeshift will convert the received cryptocurrency to the desired cryptocurrency and send it to your specified address. 7. You will receive the converted cryptocurrency in your specified address, completing the transaction. It's important to note that fees may apply during the conversion process, so make sure to check the fees on both Shapeshift and Coinbase before initiating the transaction.
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• Andrey U.Jul 17, 2021 · 4 years ago
  Using Shapeshift with Coinbase for cryptocurrency transactions is super easy! Just follow these steps: 1. Make sure you have accounts on both Shapeshift and Coinbase. If you don't, sign up on their websites. 2. Log in to your Coinbase account and go to the 'Accounts' tab. Choose the cryptocurrency you want to convert and click 'Send'. 3. Enter the Shapeshift deposit address in the recipient address field. This address is provided by Shapeshift and is where you'll receive the converted cryptocurrency. 4. Specify the amount of cryptocurrency you want to convert and review the transaction details. Double-check everything! 5. Click 'Send' to start the transaction. Coinbase will send the specified amount of cryptocurrency to the Shapeshift deposit address. 6. Once the transaction is confirmed, Shapeshift will convert the received cryptocurrency to your desired cryptocurrency and send it to your specified address. 7. Voila! You'll receive the converted cryptocurrency in your specified address. Easy peasy, right? Just be aware of any fees that may apply.
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• antitheticalOct 02, 2021 · 4 years ago
  Using Shapeshift with Coinbase for cryptocurrency transactions is a breeze! Here's how it works: 1. First, you'll need to have accounts on both Shapeshift and Coinbase. If you don't have an account, sign up on their websites. 2. Log in to your Coinbase account and go to the 'Accounts' tab. Select the cryptocurrency you want to convert and click 'Send'. 3. Enter the Shapeshift deposit address in the recipient address field. This address is provided by Shapeshift and is where you'll receive the converted cryptocurrency. 4. Specify the amount of cryptocurrency you want to convert and review the transaction details. Make sure everything looks good! 5. Click 'Send' to initiate the transaction. Coinbase will send the specified amount of cryptocurrency to the Shapeshift deposit address. 6. Once the transaction is confirmed, Shapeshift will convert the received cryptocurrency to your desired cryptocurrency and send it to your specified address. 7. Congratulations! You'll receive the converted cryptocurrency in your specified address. Enjoy your new coins! Just remember to check for any applicable fees before making the transaction.
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