Last Updated on December 8, 2021
Over the past few years, crypto investors have increased from a few thousand to millions worldwide. The rise in the number of people opting for cryptocurrency as a means of income mainly benefits from the short-term crypto trading opportunities.
Shiba Inu is one such cryptocurrency that has been around in the market for only a few years. As Shiba Inu made its appearance on crypto exchanges, it ended up creating enormous gains for its short-term and long-term investors.
Within a short period, SHIB coin has managed to garner the interest of most crypto market investors. Being exciting and new to the market, this coin was created as alternative crypto for market participants. However, SHIB exploded in popularity and surpassed Dogecoin, another crypto with similar looks to Shiba Inu.
The soaring demand for SHIB coins resulted in many experienced and new investors and traders showing keen interest in buying and trading with Shiba Inu coins. To gain better insight, we will guide you on how to buy Shiba Inu in the crypto exchange of your choice.
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With more than one quadrillion Shiba Inu in circulation, almost anyone can get a hold of these coins by purchasing them through regulated crypto platforms. Given its popularity, most of the major brokerage platforms, crypto exchanges, and wallets support the Shiba Inu coin.
You will find numerous cryptocurrency exchanges flooding the crypto market in the past few years. To make things easier, we have come up with a list of exchanges that are considered best to trade Shiba Inu.
2 Providers that match your filters
CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Having over 15 years of experience, eToro is one of the best crypto trading platforms that hold multiple assets. Being one of the pioneer crypto trading platforms, eToro has around 90 cryptos, including Shiba Inu, listed for trading needs.
With an outreach of more than 15 million users across the globe, eToro offers a graphics-intensive crypto exchange that’s safe and secure for investors. This attractive platform makes it easy for even newcomers to the crypto world to trade Shiba Inu with ease.
Given that eToro is considered as one of the safest places to trade SHIB coins, it provides the following features:
On top of that, this crypto broker is the cheapest place to buy SHIB coins as deposits through wallets, credit or debit cards, wire transfer, and bank account are free of charge. That is, you can deposit $5000 in your account and enjoy millions of SHIB coins worth the deposit.
Popularly known as Shiba on eToro, here are some of the benefits you stand to enjoy by purchasing SHIB coins through this broker.
Crypto assets are unregulated investment products. Your capital may be at risk
Established in 2016, Capital.com provides a safe and secure platform for crypto investors. This is mainly because this crypto broker is regulated by top-tier financial bodies such as:
Recently, Shiba Inu was listed on this trading platform due to the massive demand of the investors to serve their investing and trading needs. Experienced and new investors mostly prefer Capital as it provides commission-free real stock trades with low forex CFD fees. New investors who do not have any experience with crypto trading can choose this crypto broker, as they have a user-friendly and easy account opening process.
Plus, Capital.com has a well-designed and easy-to-use crypto trading platform that requires only a two-step login to create an account. This crypto exchange is available in many languages and has live chat support and email that offers quick responses to all your questions.
Compared with other crypto brokers, capital.com has a wide range of CFD products. As this platform provides easy-to-understand trading statistics, users can better understand the most volatile or most traded crypto assets. By using this information, you can trade with Shiba Inu to gain more profitable returns.
Binance is the largest crypto trading platform globally when it comes to daily trading volume. This platform was created by Chanpeng Zhao in 2017 and had more than 30 million active users across the globe. Binance holds an incredible reputation among both seasoned and novice traders alike in the crypto exchange world.
The social media hype of Shiba Inu Hi hiked after Binance legitimized and added Shiba Inu to its supported crypto coins list. Being the most popular exchange among the other trading platforms, Binance stands out as the best choice for trading Shiba Inu for the following reasons:
Being one of the pioneer crypto trading exchanges, Coinbase was established in 2012. Irrespective of your skillset in trading cryptos, this platform is user-friendly, making trading cryptos much easier. In general, it wouldn’t take more than 10-15 minutes to start and complete a trade efficiently.
Coinbase is one of the best trading platforms for security reasons. As a result, you can transact freely, knowing your hard-earned money is in safe hands. Also, this crypto broker keeps the majority of their user’s funds in hardware storage wallets. This type of safekeeping makes it quite impossible for hackers to access the internal servers.
Shiba Inu was listed on Coinbase recently. This listing gave millions of investors easy access to invest in this crypto token. Some experienced investors speculate that the Coinbase listing has played a role in the recent price appreciation and popularity of Shiba Inu Coin. With a daily trading volume of billions of dollars, this exchange is one of the best platforms to trade Shiba Inu coins.
Established by the Winklevoss twins, Gemini is an advanced crypto trading platform that is best suited for casual and novice investors. Having more than 50 cryptos listed on this exchange, you will come across Ethereum, Bitcoin, and a limited choice of Crypto-to-Crypto trading pairs as well. The simple and easy-to-use interface makes it well appreciated by new and experienced traders.
With insurance and safety measures in place, Gemini protects each user’s accounts against online breaches. Though Gemini charges slightly higher fees than the other crypto trading platforms, it is the best choice for:
With the addition of Shiba Inu being listed on Gemini, it places this meme crypto as the most preferred choice for potential investors. Users who mainly use Gemini for their crypto trading and investing needs will increase the purchase of SHIB coins, creating a hike in the value of Shibu Inu.
The news of Gemini adding SHIB coins to its list of crypto assets has been thriving on social media and creating hype among both experienced and prospective investors.
The question – ‘How to buy Shiba Inu’ is becoming popular these days, as crypto traders are rushing to get their hands on the latest meme crypto. While on the hunt to purchase a Shiba Inu coin, one of the significant aspects you need to keep in mind is to use the best and a top-rated crypto broker.
The potential broker you’re planning to work with must offer a safe and secure online investing option coupled with low commissions and fees. Also, you need to find out in advance if the broker will accept your preferred payment method, which includes a credit card, debit card, or wallet.
With the price of this Dogecoin killer skyrocketing now, many crypto investors are
scrambling to buy the SHIB coins. Are you interested in investing in this popular doggy-themed mascot cryptos? Here are some easy and efficient steps to help you acquire these coins using eToro.
The first step for purchasing Shiba Inu coins is to find the right crypto broker that offers SHIB for trading. With numerous crypto exchanges having Shiba Inu listed on their platform, make sure to choose the one that has a built-in wallet to keep your money secure. You can also add the amount you want into the wallet to trade SHIB coins.
We want to choose eToro for trading SHIB coins as it holds an incredible reputation and supports most payment options. Known as one of the most reliable crypto exchanges globally, eToro has a strong marketplace thanks to its user-friendly nature. The wide selection of features on this platform makes it easy for new and expert investors to stay informed and make the right decision.
Now that you have selected the crypto exchange, you need to create an account on this platform. For creating an account, you’ll have to enter your personal details such as name, email address, bank account details, and phone number. Once done, you become a part of the eToro family of crypto investors.
To complete the process of purchasing SHIB coins, you need to deposit some amount in your eToro account. Unlike other crypto trading platforms, the best part of eToro is that you get to fund your account in fiat currency. You can fund your eToro account using different methods such as wire transfers, PayPal, bank transfer, credit or debit card, and even by using a Cryptocurrency wallet.
It’s quite easy to deposit your funds on eToro using a debit or credit card. You need to provide your card details and mention the deposit amount to complete a transaction successfully. However, to use your bank card, you need to verify your identity by uploading a copy of your driver’s license or passport. EToro adheres to the KYC laws to protect the users’ privacy from any online frauds or breaches.
Additionally, this exchange will guide you in choosing the right source of funds and specify the amount you will be spending. The best part is, EToro provides all this without charging any deposit fees.
Now that your trading account is ready to start and you have adequate funds in your eToro account, the next step is to purchase Shiba Inu coins. To purchase SHIB, you need to choose the right currency pairs based on your preference. For example, if you’re planning to purchase crypto using EURO, go ahead and choose the SHIB/EURO pair on the platform.
Here are the steps you need to follow while purchasing SHIB coins on eToro:
After selecting the right currency pair, you need to choose the amount of SHIB coins you wish to purchase. Once done, you can go ahead with the crypto transaction in the live market.
Purchasing SHIB coins from any crypto exchange must be done with a high level of caution, just like any other Crypto investment. It would be best if you kept in mind some aspects of remaining secure and getting the best value for the capital invested.
Crypto brokers that have an easy-to-navigate design make it convenient for new traders to find their way on the platform. The best exchanges will provide clear and concise prompts to help you purchase SHIB without any hiccups.
The trading volume plays a crucial role in the platform’s potential and determines the future Shiba Inu price patterns of the cryptos. Opting for trading platforms with a large daily trading volume will allow you to trade many SHIB at attractive rates.
Due to numerous online frauds and scams related to the crypto space, you always need to look out for trading platforms that prioritize the verification process using the KYC laws. Here, most platforms require a reliable ID with a signature to confirm the investor’s personal details. Plus, this verification process secures your account from all sorts of unauthorized withdrawals.
Due to the recent popularity surrounding SHIB coins, you will come across many platforms that enable investors to trade Shiba Inu. But most of them are not secure, trustworthy, or regulated by government agencies. Avoid using such platforms as they are a haven for serious online scams and hacks.
If you plan to invest and trade Shiba Inu, eToro would be the best crypto trading platform to trade efficiently. As Shiba Inu is highly volatile, trading these coins requires special skills and should never be taken lightly. Using brokerage platforms like eToro for selling SHIB offers numerous benefits such as:
After you have opened your eToro account and completed the registration process, you need to make an initial deposit to have sufficient accessible funds in your account. Next, follow the below steps to start trading Shiba Inu.
Trading Shiba Inu is more flexible than purchasing crypto. You can sell SHIB whenever you like using the following methods as well.
After purchasing SHIB coins, you’ll have to transfer them into a wallet to keep them safe for the long term. As Shiba Inu is an ERC20 token that uses the ETH blockchain, it can be safely kept in any wallet that can store Ethereum.
Though some exchanges store your cryptos for you, some investors prefer to store their investment on hardware wallets themselves to avoid losing them due to online scams. Storing these meme coins is done chiefly via virtual wallets that are either online or offline wallets.
Storing your SHIB coins in online wallets is one of the easiest methods out of the two. You will get the private keys to your wallet, which you must keep securely. Some of the commonly used online wallets are:
The eToro crypto wallet makes it easy for investors to trade cryptos as they are secure and easily accessible to use for multiple cryptos. This distant wallet can store more than 120 different crypto assets, including Shiba Inu coins. Using this wallet, you can seamlessly buy, receive, sell, and store all your cryptos.
ZenGo software wallet is an incredible choice for storing cryptos, as it’s easy to use. Once you download the wallet, you can safely store your SHIB tokens. It also works great for storing NFTs as well.
Being one of the most versatile online wallets, Exodus can store multiple crypto assets simultaneously. This allows investors to view their entire crypto portfolio under one roof. Since this wallet is encrypted on your gadget, it provides you with an excellent level of privacy.
Cold wallets are commonly known as offline or hardware wallets. As the name indicates, these wallets allow you to store your SHIB coins offline. These wallets are ledgers that come as USB sticks.
You can transfer your SHIB coins from an online account into this ledger and store them offline. This will prevent online hackers from accessing your Shiba Inu coins, as they cannot physically get their hands on the unique private keys of your USB device.
Some of the commonly used hardware wallets are:
Shiba Inu gained massive interest by following the footprints of Bitcoin and other altcoins like Binance coins, Ethereum, and Dogecoin to reach new highs during the crypto boom this year. This October, the Shiba Inu coin’s price hiked rapidly, creating an all-time high.
In addition to the crypto boom, anonymous investors revealed the enormous gains they received within a few months of investment. Such reports hiked extensive interest among investors in the possibility of SHIB being a tradable token.
As per the official Shiba Inu website, with an aim to outdo Dogecoin, the creators have come up with a DeFi ecosystem that enables SHIB to be listed on ShibaSwap, its own decentralized exchange. The SHIB tokens can be used on this platform to gain more returns. This crypto coin rapidly gained value and speed among the community of crypto investors due to its massive returns and alluring charm.
In addition to Shiba Inu, investors can also use Leash and Bone on the ShibaSwap platform. However, when it comes to market capitalization, Shiba Inu is still the largest crypto coin offered on this platform.
SHIB coins are still a speculative investment in the cryptocurrency market, to state the obvious. Being in the crypto arena for a short period, this doggy mascot meme coin is still in its infancy. Recently, the SHIB coin’s price increased rapidly, making it one of the most sought-after coins in the crypto space.
Shiba Inu is rapidly catching up and has even surpassed its fellow doggy-themed mascot competitor, Dogecoin. At the moment, it rivals the market capitalization with hundreds of millions of tokens in the market.
To sum it up, trading with Shiba Inu can be a bumpy ride, one that is full of twists and turns. But you may end up gaining a huge amount of profits if you take the risk to invest.
Shiba Inu coin, dubbed by many as Dogecoin killer, came into existence in August 2020. It was created by Ryoshi, a group that prefers to remain anonymous. The symbol of SHIB is the Shiba Inu dog breed, which is exactly similar to the one on the popular meme coin, Dogecoin.
With Shiba Inu being an ERC-20 token, it uses the smart-contract technology of the Ethereum blockchain. Despite SHIB having a similar theme to Dogecoin, both these doggy mascot coins operate differently. While Dogecoin has its own blockchain, Shiba Inu operates on the Ethereum crypto.
You won’t come across any direct means to purchase SHIB coins using cash. However, you can use peer-to-peer crypto marketplaces to initially purchase Ethereum. Then, complete the required process to transfer the ETH to the preferred AltCoin exchanges.
If you’re planning to buy and store Shiba Inu coins, you need to have an online or offline crypto wallet to keep your tokens safe and secure. By using any of the regulated crypto trading platforms that come with an in-built wallet feature, you can create an account and transfer your money into these wallets, and the platform will store your cryptos safely for you.
Whether SHIB is a good investment or not depends on your personal requirements and financial circumstances. As cryptos are highly volatile, it is riskier to trade in this type of investment. Before you take the plunge into crypto investing, you need to evaluate your financial stability and the level of risk you can handle.