Have you ever heard about Shiba Inu and that it’s a new token belonging to the decentralized crypto exchange ShibaSwap? The thing is, SHIB cryptocurrency is related to the Memes coins category. It was created based on Etherium as an alternative to Dogecoin, another popular cryptocurrency. The owners of the ShibaSwap exchange call their product “Dogecoin Killer” and have ambitious plans for the future. What is the phenomenon of this cryptocurrency? Where and how to buy Shiba Inu cryptocurrency? The article has step-by-step instructions and will help you to become the owner of this token and monetize it.
Where to buy Shiba Inu coin
There were a few landmark events and Elon Musk himself related to the cryptocurrency world, that caused the popularity of the SHIB token and skyrocketed it in 2021. Consequently, lots of investors are now thinking about how to buy Shiba Inu, and which financial instruments to use for the purchase. In case you’re one of them, use the rating of the best platforms.
There are also advantages and disadvantages of each platform below, so consider the process of buying SHIB on one of them.
This platform allows you to trade hundreds of assets – including Shiba cryptocurrency. The platform owns a simple, intuitive interface with competitive spreads, 0% commission, and interesting conditions for cryptocurrency trading:
- Trading with 2:1 leverage. Once you start trading with $100, there is an opportunity to open a position of $200
- Cryptocurrency CFD. You can trade cryptocurrencies in 24/5 mode. The market is characterized by high volatility and significant price fluctuations
- Clear control of losses and profits. Easy setting of stops and limits. As soon as the token reaches a certain price, positions are closed automatically
However, how does the purchase occur, what do you need to do to formalize the transaction? Here are a few steps on how to do so:
- To buy Shiba Inu or other cryptocurrency, open Capital.com in your browser and click the Create account button
- Then you need to enter your email address and password or register
- Capital.com is a reliable broker, which is regulated by different organizations and has a license for financial activity. That’s why this brokerage company strictly observes the law and checks the identity of all investors. To identify the user, it’s enough to send a scanned document to the administration. For example, a scanned copy of a passport, a national identity card.In case you dont have the documents at the right moment, you still allowed to send a copy of a driver’s license
- Another prerequisite is proof of address. For this purpose, the client sends a scanned utility bill, in which the place of residence is indicated. Also for this purpose the scanned extract from the bank account – the document, reflecting the movements on the account for a certain period, as well as the final balance is suitable
- When the trader’s profile is registered and the identity verification is successfully passed, you can start trading Shiba Inu. Using a debit or credit card the user makes their first deposit
- It’s time to invest in Shiba Inu. Go to the section Markets – Crypto. In this section you can trade Litecoin, Bitcoin, Ethereum and finally Shiba Inu without direct purchase and storage
You probably heard at least once about Binance. The platform is the most famous crypto exchange in the world, as it has an impeccable reputation among traders of all levels.
In order to start trading Shiba Inu (SHIB) on Binance, a trader needs to register on the official website, deposit an account of $15 or more. Depositing is even possible from a debit or credit card. Low commissions and attractive VIP-program make Binance one of the best financial instruments for effective trading.
However, this blockchain ecosystem has a trading fee. Nothing serious here, it’s quite small – only 0.1% per transaction. And the fee is deducted only when the user makes a deposit via another cryptocurrency. By the way, replenishment is possible not only by bank cards but also by money transfer, fiat currencies, Paypal payment system.
Yet, Shiba Inu has only one significant disadvantage, which is common to all memes coins. The fact is that cryptocurrencies based on various memes are very unstable. They aren’t backed by real value, so their value is highly questionable. Today the price may be one, tomorrow another.