Many crypto beginners are curious about where they can buy SHIBA INU. Luckily, thanks to its massive popularity and availability on most exchanges these days, it’s not hard at all!
You’ll be happy to hear that you have options like Coinbase or Crypto.com if you’re looking for some new coins right away!
In this guide, we’ll explore how to buy Shiba Inu coins.
What is Shiba Inu?
In the world of cryptocurrency, there is a new breed on its way. It’s called Shiba Inu, and it has been created in an effort to do much more than just being another dog-based meme coin like Dogecoin (DOGE).
Shiba Inu is an Ethereum-based ERC-20 token established by an unidentified person known as Ryoshi.
Due to the token’s reliance on Ethereum’s robust network, it has enabled the establishment of a DeFi ecosystem powered by their decentralized exchange, ShibaSwap.
The Shiba Inu token is used for trading, staking, and getting interest on the ShibaSwap platform. The release of ShibaSwap’s new NFT platform has opened up a whole world for people who love shibas! Collecting these adorable pet-themed NFT tokens called Shibatoshis is now easier than ever.
The Shiba Inu platform has three different tokens native to it, each with its unique ticker symbol. These three tokens are Shiba Inu (SHIB), Leash (LEASH), and Bone (BONE). These tokens were created to fuel an ever-growing demand for cryptocurrency in today’s society.
SHIB is the largest token in terms of market capitalization, whereas BONE and LEASH have greater prices per token because of their restricted quantity.
What is ShibaSwap?
Shibaswap is a decentralized exchange (DEX) that enables users to trade cryptocurrencies without ever leaving their wallets.
Additionally, it offers network liquidity via a pooling structure based on staking and yield farming. On ShibaSwap, this is referred to as Burying or Digging.
Shiba Inu tokens may now be staked on Shibaswap to “dig” for the platform’s other cryptocurrency: bones. Bones is ShibaSwap’s governance token, providing token holders with voting rights on the platform.
Ryoshi visualized ShibaSwap and Shib’s Ecosystem. ShibaSwap also enables users to swap between Ethereum-based tokens as long as the token has sufficient liquidity.
Buying Shiba Inu Coin
1. Open an account with a cryptocurrency exchange that supports SHIBA INU (SHIB)
To begin, you must create an account with a cryptocurrency exchange that accepts SHIBA INU (SHIB). Coinbase and Crypto.com offer Shiba Inu to customers.
SHIB is also available to purchase via Ethereum-based decentralized exchanges (DEXs) such as Uniswap and Sushi.
The process to get started with crypto trading is easy and straightforward. All you need to do is create an account by providing your email address and password with one of these crypto exchanges.
Once that’s done, the next step would be to verify your identity with these crypto exchanges. KYC procedures apply to centralized exchanges, so providing personal information is standard procedure. It just takes a few minutes more before getting ready to start investing!
2. Use a Centralized Exchange or Decentralized Exchange
You can buy Shiba Inu via centralized exchanges and decentralized exchanges. You may proceed to the subsequent step if you utilize a centralized exchange such as Coinbase or Crypto.com.
Decentralized exchanges (DEXs) are an exciting way to trade coins, like Shiba. They work with almost any Ethereum-based asset, so you can find your perfect buy or sell quickly!
Depending on what you prefer, you may ditch traditional centralized exchanges for one of these decentralized alternatives. The leading contender on this front is Uniswap – powered by Ethereum’s blockchain!
Uniswap is a unique cryptocurrency platform that lets investors trade their Ethereum based tokens. It currently has over $2 billion worth of funds locked in its protocols, and thousands have already used the platform to make a profit!
A DEX (decentralized exchange) is a platform for trading cryptocurrencies with no centralized authority. To use these exchanges, you’ll need to install a crypto software wallet like MetaMask or Coinbase Wallet, which are free and easy-to-use but let you truly own your digital assets, unlike certain centralized exchanges where they’re held by an organization instead of being exclusively yours.
3. Purchase a Cryptocurrency Wallet (Optional)
You will need to store your crypto assets in a safe and secure place. The security of your crypto depends on the safety and integrity of its storage. Store Shiba Inu tokens with an independent third party when you do not plan on actively trading your crypto.
It’s not surprising that cryptocurrency exchanges are a popular target for hackers. Cryptocurrency exchanges have been hacked numerous times before. All too often, hackers make off with high-value crypto assets from unsuspecting traders who don’t take security seriously enough – so stay alert! Therefore, it’s not recommended that you keep your crypto on an exchange at all times!
Software wallets are an easy and safe way to store your cryptocurrency. Importantly, software wallets are the way to go for those who want greater peace of mind when trading cryptocurrencies. The best options, Coinbase Wallet and MetaMask, will give you much better security than any crypto exchange ever could. Moreover, you can download these software wallets for free.
For the security conscious, there’s no better way to store your cryptocurrency than with a hardware wallet. These physical devices are designed specifically for offline storage and make it impossible for hackers to steal funds from you by hacking into an online account or otherwise gaining access through vulnerabilities in software.
Because Shiba Inu is an Ethereum ERC-20 token, you may store your tokens on any Ethereum-compatible hardware wallet. Ellipal Titan is a mighty top-of-the-line hardware wallet for anyone who values privacy, security, and flexibility. It’s a sleek wallet that can slip into your pocket or handbag.
Ellipal is an excellent alternative for any Ether tokens and Bitcoin, XRP, Cardano, Litecoin, and over 7,000 additional cryptocurrencies.
Ellipal Titan Hardware Wallet Best Value
Featuring an intuitive touchscreen interface that lets you view your portfolio right from the device itself, it boasts the perfect blend of safety and convenience.
Your private keys are secured in a virtually impenetrable 100% air-gapped device that features a durable tamper-proof all-metal casing.
4. Buying your SHIBA Inu
If you are using Coinbase or Crypto.com, you’ll have to add a debit card or credit card to your crypto exchange account before buying SHIBA Inu (SHIB). Once this is completed, locate the SHIB order book and place your order.
Keep in mind that Uniswap does not employ order books in the same way that other exchanges do. Uniswap, on the other hand, determines the price of crypto assets through the usage of liquidity pools. After connecting your wallet to the Uniswap website, you can exchange your Ethereum tokens for Shiba Inu tokens. If you’re in it for the long haul, you may wish just to hold your Ether tokens.
Trade, Sell, Convert, or HODL your Shiba Inu Tokens
To convert your Shiba Inu tokens to Ethereum tokens, you have to use Uniswap. Once you’ve exchanged your Shiba Inu for Ethereum, the tokens would be credited to your Ethereum wallet connected to Uniswap, from which you can send them to any exchange that accepts Ethereum to convert to USD.
If you’ve been thinking about selling your Shiba Inu tokens, don’t do it just yet. The value of this cryptocurrency may increase in the near future, and if that happens, then waiting will be worth your while!
It would be a shame to sell your Shiba Inu tokens now before they are worth even more! HODL your Shiba Inu tokens until you’re ready to make some big money!
Shiba Inu tokens are an excellent investment for the future!
It’s never been easier to get in on the cryptocurrency action! If you’re looking for ways that your money can work hard over long periods, cryptocurrencies are an excellent choice.
Is it Worth Investing in Shiba Inu?
The Shiba Inu is a popular, adorable breed of dog that you can even get tokens for. The best part? They’re going up in value! So hold on tight to these crypto-pets before they become too valuable, or trade them off at your earliest convenience because there are plenty waiting with open arms who will appreciate this cute coin just as much – maybe even more so since it’s not easy finding good things anymore nowadays.
Who knew people would care about Blockchain Pets anyway?
Shiba Inu’s recent surge is most likely due to the buzz around their Coinbase listing. However, while ShibaSwap offers several intriguing products, the protocol lacks apparent advantages over comparable initiatives such as Uniswap or SushiSwap.
Shibaswap’s Bone tokens require Shiba tokens to mine. Thus, if you’re interested in Bone, you’ll need to purchase Shiba Inu. On the other hand, if you enjoy speculative fiction, Shiba Inu could be for you.
Shiba Inu tokens are sure to be worth it when the price goes up! So HODL your Shiba Inus now, before you miss out on a huge profit.