After you press ‘Swap’, you will get a confirmation prompt on Metamask, which you can confirm and only then your transaction will be completed. If the transaction is successful, you’ll see the SHIB tokens in your Metamask wallet. Shiba Inu is an Ethereum-based ERC-20 token, so you need a wallet that supports this blockchain. You can sign up on Metamask, which supports ERC-20, by creating an account.
What to consider before buying Shiba Inu
You must research the legitimacy of the platform and the credibility of the team behind it before deciding on an exchange to invest in Shiba Inu in India. As with any investment, the value of SHIBA INU Coins can fluctuate and there is no guarantee of a return on investment. Additionally, the cryptocurrency market can be volatile and unpredictable.
Click the “Create Account” button on the Eightcap website, fill in all your personal details, and submit a photo ID to verify your identity. For those who are looking to trade the Shiba Inu coin, this section is worth reading before getting started. Get crypto market analysis and curated news delivered right to your inbox every week.
How to Buy Shiba Inu token on Coinbase (Step-by-Step)
The platform often runs promotions, trading contests, and referral bonuses that can reduce costs or reward participation. Always implement strong two-factor authentication (2FA), preferably using authenticator apps like Google Authenticator. Regularly update your passwords and enable withdrawal whitelist features to safeguard your assets from unauthorized access. Moreover, consider moving significant holdings off-exchange to hardware wallets, protecting your investment against potential security breaches. Always enable two-factor authentication (2FA) for an added security layer creating an investing app and consider using hardware wallets for large SHIB holdings.
- Shiba Inu coin is one of the top “memecoins”, and is currently very popular amongst investors.
- Head back to the UniSwap application and select the two assets you wish to swap.
- DApps is another area where TerraUSD has demonstrated its strength.
What fiat currencies can I use to buy Shiba Inu?
Now, select the coin you already own and wish to convert, then follow the on-screen instructions. Once you’ve entered the amount, simply click on the “Continue” button to proceed. Since Metamask is the most commonly used wallet, we’ll use that as an how to buy vet example.
SHIBA INU (SHIB) market data
Store your newly purchased Shiba Inu (SHIB) in your preferred wallet. We created a complete guide on the best Shiba Inu wallets so you can get all the information you may need after purchasing a Shiba Inu coin and find where to store the crypto asset. Another important thing to keep in mind is that using decentralized exchanges can be tricky. So make sure you have enough gas fees and use reputable DEX platforms like Uniswap to swap SHIB tokens; otherwise, slippage can cause financial losses.
- This bureau safeguards the US financial system by working to prevent money laundering, terrorist-financing activity and other financial crimes.
- The first one is a market order — this process executes the order immediately at the current price.
- Now, select the coin you already own and wish to convert, then follow the on-screen instructions.
- Yes, you can send SHIB to any user you wish as long as they give you their wallet address.
Step 3: Deposit Funds (Fiat or Crypto)
Head back to the UniSwap application and select the two assets you wish to swap. The platform will have Ethereum preselected by default but if you need to swap from another token click on the first selection tab and choose the correct asset. UniSwap is a decentralized crypto trading protocol for providing liquidity and trading ERC20 tokens on Ethereum. The platform employs a unique trading model, unlike its predecessors, called automated liquidity protocol. CVX is a cutting-edge DeFi protocol developed on top of Curve Finance, a cryptocurrency exchange. Convex Finance (CVX) is an innovative DeFi platform built on top of the stablecoin exchange Curve Finance.
Buying SHIB is a simple and straightforward process depending on the channels you use. However, BONE and LEASH tokens may be harder to acquire as they are not as widely supported as SHIB. Now that you have your fiat converted to Tether (USDT) you can buy almost any crypto pairs that are available on Binance, including Shiba Inu Coin. Next, you’ll be prompted to enter the amount you’d like to purchase.
While creators meant for the token to be a joke, it quickly became a social sensation with more than 500,000 loyal community members. If you want to buy Shiba Inu, start by comparing a range of crypto brokers and exchanges available in the US. Look at their features, fees, security and overall reputation to decide which platform is right for you. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.
Where to Buy Shiba Coin: An In-Depth Guide
After six years of personal experience investing in crypto, she prefers BTC, ETH, and SOL. If you’re wondering how to buy Shiba Inu in the U.S., you first need to choose a crypto exchange. You can pay with a credit/debit business analyst career path card, Apple Pay, Google Pay, or PayPal. We also support local options such as UK Faster Payments, SEPA, Pix in Brazil, as well as Venmo and bank transfers in the US. The Know Your Customer or KYC process is a way to start trading legally and it is a standard process required by a lot of crypto exchanges.
If you’re looking to buy SHIB with almost no fees, Robinhood is the best provider to use. However, if you’re looking for the best and simplest user experience with a slightly higher trading fee, we recommend using eToro. You might want to consider the payment method you use to buy Shiba Inu coins. Deposit some money into the exchange using your preferred payment method.
Shiba Inu is unlikely to reach 1 cent — expert price predictions for SHIB do not expect the token to rise to that level. Reaching 1 cent would require a massive gain that values the total market capitalization of Shiba Inu to become greater than all cryptocurrencies combined. Be mindful of the risks if you invest in cryptocurrencies like Shiba Inu. Many altcoins — any coin that is not Bitcoin — have massive price swings and can heavily impact your portfolio. Its growth is driven by its community, the self-proclaimed SHIB Army, who are focused on trading and buying the crypto. Buy Shiba Inu instantly with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more.