By now, it is more likely everyone has heard about Shiba Inu. Finding out where to buy Shiba Inu coins appears to be the only thing in many crypto fans’ thoughts. If you are finding where to buy Shiba Inu, and other issues confusing, this article is for you. Today, we’ll look at Shiba Inu and some of the easiest ways to get your hands on Shiba Inu.
Let’s get started and see where to buy Shiba Inu coins globally!
What exactly is Shiba Coin?
You’ve heard about it, you’ve seen it on every crypto enthusiast’s tweet, and you almost certainly have that one buddy who won’t stop talking about how “Shiba is the new Dogecoin.” That being said, before you go all out and wonder “Shiba Inu coin – how to buy?” you should first become acquainted with the token and find out what it is.
To be honest, it’s preferable to look at it from the opposite end of the spectrum and talk about what it isn’t–Shiba coin isn’t Dogecoin. Many individuals, believe it or not, conflate the two digital currencies in the discussion. This is mostly because the mascots for the coins in both cases are dogs – specifically, Japanese Shiba Inu dogs.
Apart from the name and mascot resemblance, the Shiba currency has nothing in common with Dogecoin. As a result, whether you’re shopping for Shiba currency on RobinHood, Coinbase, or elsewhere, keep that in mind.
Another thing to keep in mind is that, unlike Dogecoin, the Shiba currency isn’t a coin – it’s a token. Cryptocurrencies are assets with their blockchains. Shiba is an ERC-20 token that lives on the Ethereum network. It contains all the advantages of ERC tokens, as well as some disadvantages.
Shiba has two major missions: to bring artists together to create Shiba-related artwork and to preserve as many real-life Shiba Inu dogs as possible. Both of the aforementioned missions are being pushed and carried out in several ways. Looking at the different Shiba coin charts, it’s clear that the cryptocurrency had some early success. Whether it’s because the token is comparable to the well-known DOGE, or for some other reason, the enthusiasm faded quickly.
Until October 2022, of course. This is when people considered where to buy Shiba Inu coins. To put things into perspective, consider this: between the coin’s debut in August 2020 to the peak price point in early November 2022, the price of Shiba increased by almost 7,000,000 percent.
Yes, you read it correctly: 7 MILLION PERCENT. It’s probably not strange that people are asking “where to buy a Shiba Inu coin?”
Where to Buy Shiba Inu Coin?
You’re probably still curious about where to buy Shiba Inu coin now that you know what all the fuss is about and where it’s coming from. So, let us get straight to it, shall we?
Binance and Coinbase are two of the most popular locations to buy Shiba Inu Coin. Binance and Coinbase are custodial cryptocurrency exchanges that require KYC. They are both legitimate financial entities that are governed by the relevant financial institutions across the world.
How Do I Buy Shiba Inu Coin on Binance?
Binance is one of the most popular cryptocurrency trading platforms on the market right now. Crypto fans recognize the exchange for offering its customers an excellent list of diverse perks and services, as well as adhering to tight KYC rules to keep all user assets safe.
At the same time, Shiba Inu coin Binance is unquestionably the most popular platform for purchasing and trading the token in question. With that in mind, let’s look at how you may go about doing so.
Step 1: Navigate to the Binance website.
Step 2: Log in to the platform if you already have a Binance account. If you’ve never used Binance before, you’ll need to register an account and complete KYC checks before you can trade SHIB tokens.
Step 3: Once you’ve signed into your Binance account, go to the top-left corner of the page and select a method for depositing cash into your account. The most convenient methods are to use a credit/debit card or a bank transfer.
Step 4: Once you’ve deposited cash into your account, you’ll need to buy some stable coins. USDT is the most commonly used stable coin for purchasing Shiba coins.
Step 5: Once you’ve purchased USDT, go to Binance’s trading area and look for the SHIB-USDT trading pair. When you enter the trading screen, you will select the quantity of SHIB that you want to gain.
Following the completion of the transaction, you will find your freshly gained coins in your Binance wallet. If you’re wondering where to gain the Shiba Inu coin, look no further! You may now call yourself the proud owner of some SHIB.
Purchasing Shiba Inu currency on Binance is a quick and easy process. Especially if you already have an exchange account and have completed the KYC procedures. You cannot purchase Shiba with fiat money (USD, EUR, etc.), thus you must first fill your account and then gain stable coins. Unlike a regular coin, US dollars back stable coins. This means that 1 stable coin is always worth $1.
Once you have your stable coins, all you have to do is buy Shiba! With the procedure being as straightforward as it is, and Binance being an industry leader, it’s without a doubt one of the greatest locations to look for where to purchase Shiba coins.
How Do I Buy Shiba Inu Coin on Coinbase?
Coinbase is another bitcoin exchange behemoth. Because of how simple it is to use, people often tout the platform as one of the finest exchanges for beginning traders. To be sure, that’s true – if you’re looking for a clean, beginner-friendly UI, Coinbase is a terrific choice.
However, simplicity isn’t the only advantage that Coinbase offers. The crypto brokerage employs top-tier security safeguards, both for its users’ crypto-assets and their personal information.
The procedure for obtaining a Shiba coin on Coinbase is pretty simple.
Step 1: Navigate to the Coinbase website.
Step 2: If you’ve never used the platform before, you’ll need to register; otherwise, simply log in.
Step 3: If you choose the registration route, you’ll need to register the account and give Coinbase the necessary KYC information.
The exchange will specifically ask for your name and surname, residential address, and work status, as well as verification of your ID and place of residence.
While this is a normal procedure for most cryptocurrency exchanges, a handful still requires KYC as soon as you join – Coinbase is one such brokerage. Given that anyone seeking where to buy Shiba Inu coins would most likely want to do it securely and dependably, this shouldn’t be a problem.
After verifying your name and address, you will use Coinbase to its full potential and trade cryptocurrency on the site.
Step 4: Once you’ve completed all the prerequisites, you’ll need to fund your account and gain ether. You will use Ether to exchange it for Shiba coins.
Funding your account should also be simple, as Coinbase, like the aforementioned Binance, accepts credit/debit cards and bank transfers. Simply follow the on-screen steps, and you should be able to fund the account in no time.
Step 5: Now that you have money in your account and have used it to gain ether, all you have to do is trade that ether for Shiba coins – that’s all there is to it.
Acquiring Shiba Inu from Coinbase is a straightforward process. You don’t need any prior cryptocurrency trading expertise or understanding of tough technical jargon.
However, after you have your SHIB coins, you can opt to keep them on Coinbase or move them to a separate hardware wallet. When you combine the security of a device like the Ledger Nano X with the functionality and user interface of MetaMask, you can be confident that your coins are as secure as they can be.
The Shiba Inu currency has undoubtedly become one of the year’s main crypto sensations. The coin appears to have sprung out of nowhere, yet it has controlled the cryptocurrency sector. If you’ve been following its evolution, you’ll see a simple pattern: one occurrence led to another, culminating in some massive price changes for the currency in question.
Everyone curious about “where to buy Shiba Inu?” or “how to buy Shiba Inu?” should know there are three major platforms where you can safely locate and trade the currency – Binance and Coinbase.
Both systems’ trading methods are quite similar. You register, submit KYC verification credentials, purchase some cryptocurrency, and then simply exchange that cryptocurrency for the desired number of SHIB tokens. Whether you use Binance or Coinbase, the procedure is quick, straightforward, and secure.
All of that being said, we wish you the best of luck in all of your future Shiba coin trading endeavors!
Also read: How to Buy EOS Coin: An In-depth Guide