How can I type the degree symbol (°) on iPhone?

How do I type a degree symbol on the iPhone / iPad keyboard? What is the shortcut to insert a degree symbol (°) on iOS / iPadOS?

Degree symbol Notes iOS

There are many built-in keyboard shortcuts on the iPhone and iPad. These symbols can be typed directly, instead of having to cut and paste them from elsewhere.

The degree symbol (°) is hidden in the iOS and iPadOS keyboard. To type this symbol directly, press and hold over the numerical zero key (0).

Two options appear, the number zero (0) and the degree symbol (°). To type the degree symbol slide your finger over it and let go of the keyboard.
Degree symbol iPhone keyboard