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Are you interested in buying Shiba Inu crypto? This guide will show you how to buy SHIB tokens from exchanges and how to store them in a wallet.
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Introduction
Shiba Inu is a very popular cryptocurrency that has been making headlines lately. If you’re thinking about buying some Shiba Inu crypto, here’s what you need to know.
What is Shiba Inu?
Shiba Inu is a decentralized cryptocurrency that was created on the Ethereum blockchain. It is a so-called “ERC-20 token,” which means it follows certain standards that Ethereum tokens must adhere to. Shiba Inu has no premine or ICO (Initial Coin Offering), which means that all of its SHIB tokens were distributed fair and square through a process called “airdrop.”
How to buy Shiba Inu?
If you want to buy SHIB tokens, you first need to set up an account on an exchange that supports them. Binance is currently the most popular exchange for trading Shiba Inu. Once you have set up your account, you can then deposit some Ethereum (or other cryptocurrencies) into your account and use those funds to buy SHIB tokens.
What are the risks of buying Shiba Inu?
Like with any other cryptocurrency, there are always risks involved with buying SHIB tokens. The price of cryptocurrencies is notoriously volatile, so there’s always a risk that the value of your tokens could go down sharply at any time. You should also be aware that many exchanges do not yet support withdrawal or deposit of SHIB tokens, so you may not be able to cash out your investment immediately if you need to.
Before buying any cryptocurrency, make sure you do your own research and understand the risks involved.
What is Shiba Inu?
Shiba Inu is a decentralized cryptocurrency that was created as a parody of Dogecoin. It was launched in early 2021 and has since gained a large following on social media. The Shiba Inu coin is not currently available on major exchanges but can be purchased on several smaller ones.
How to buy Shiba Inu?
Shiba Inu is a decentralized cryptocurrency that runs on the Ethereum blockchain. It is named after the Shiba Inu dog, which is a popular breed of dog in Japan. The currency was created in order to provide a fun and easy way to get involved in the cryptocurrency market.
Register on a cryptocurrency exchange
The Shiba Inu token is not yet listed on major exchanges like Coinbase or Binance. However, it is traded on several decentralized exchanges (DEXs) and centralized exchanges.
Some of the most popular DEXs that list SHIB include:
Uniswap: SHIB/ETH, SHIB/WETH liquidity pools. 1-click exchange via MetaMask or WalletConnect.
SushiSwap: SHIB/ETH liquidity pool. 1-click exchange via MetaMask or WalletConnect.
Bancor: SHIB/BNT, SHIB/USDB, SHIB/USDT, SHIB/ETH pools. Automated price discovery and conversion via the Bancor Network.
Some of the most popular centralized exchanges that list SHIB include:
Bithumb Global: Supports USDT and KRW trading pairs. Requires level 2 verification (photo ID + selfie). Supports 2FA (Google Authenticator). custodial account balances are insured by South Korean government-backed Kookmin Bank.
HitBTC: Supports USDT, USDC, ETH, BTC, EUR, GBP, JPY, CAD and AUD fiat currencies. Offers 0% trading fees for the first month for new users (with promo code). Requires level 2 verification (photo ID + proof of address). Supports 2FA (Google Authenticator or hardware token). 99.4% of customer funds are stored in offline cold wallets.
Gate.io: Supports USDT and CNY trading pairs. Offers discounted trading fees for holding GATE tokens in your account balance (-30% fee discount). Requires level 2 verification (photo ID + selfie with photo ID).
Buy Bitcoin or Ethereum
The two most popular cryptocurrencies are Bitcoin and Ethereum, and most exchanges will only deal in one or the other. To buy Shiba Inu, you will first need to buy either Bitcoin or Ethereum from a major exchange like Coinbase or Kraken. Once you have done that, you can then transfer your Bitcoin or Ethereum to an exchange that deals in Shiba Inu. At the time of writing, the only exchange that does this is Uniswap.
Exchange Bitcoin or Ethereum for Shiba Inu
1. To start, you’ll need to create a wallet for yourself on an exchange that lists SHIBA INU.
2. We recommend using Binance, one of the largest and most popular cryptocurrency exchanges in the world. They offer a great platform for buying and selling cryptocurrencies.
3. Once you have an account on Binance, you’ll need to fund it with either Bitcoin (BTC) or Ethereum (ETH). These are both major cryptocurrencies that can be easily purchased on Coinbase using your debit or credit card.
4. Once your Binance account is funded, you can go to the “Exchange” tab and search for “SHIBA INU/BTC” or “SHIBA INU/ETH” in the Markets section.
5. Select your preferred pair and click on the “Buy SHIBA INU” button.
6. Enter the amount of SHIBA INU you want to purchase in either BTC or ETH and click on the “Buy SHIBA now” button.
7. Congratulations, you are now the proud owner of some SHIBA INU!
Conclusion
So, you’ve decided you want to buy Shiba Inu crypto. Here’s what you need to know.
First of all, you’ll need to find a reputable exchange that offers Shiba Inu crypto. We recommend using Binance, as they are one of the most popular and respected exchanges in the industry.
Once you’ve found an exchange that offers Shiba Inu crypto, you’ll need to create an account and deposit some funds. We recommend starting with a small amount of money, as Shiba Inu crypto is a volatile asset and prices can fluctuate wildly.
Once you’ve deposited funds into your account, you can then start buying Shiba Inu crypto. We recommend keeping an eye on the price before making any decisions, as it can fluctuate quite frequently.
And that’s it! You’re now ready to start buying Shiba Inu crypto.
