How to Buy Shiba Inu Coin (Shib)?
Based on the Dogecoin codebase, the Shiba Inu coin was launched in August of the following year. But how do you get your hand on one if you’d like to?
The SHIB represents one trillion billion and one Shiba Inu yen. Shiba Inu coin is currently trading at USD 5,859,382,027 and has a market cap of #44 on CoinMarketCap. Shiba Inu coins are purchased for anywhere between $0.00001440 and USD 0.00001640. Several different markets allow you to purchase Shiba Inu, including Binance, Huobi Global, OKEx, and Gate.io.
So where can you buy Shib? Can you buy Shiba Inu on Coinbase?
First, not so fast. Shiba Inu currency can only be purchased after creating a digital wallet. The Shiba Inu coins are acquired on an exchange with fiat currency or another cryptocurrency after a digital wallet has been set up.
Shiba Inu Coin is currently among the most sought-after digital currencies (SHIB). In recent months, its value has skyrocketed, and it is now among the top 10 most expensive coins in circulation. Due to its over $20 billion market worth, the Shiba Inu cryptocurrency is one to watch in the following years.
How to Buy Shiba Inu Coins?
Meme coins’ widespread appeal has resulted in the widespread availability of alternative cryptocurrencies like SHIB on major centralized cryptocurrency exchanges. Among these are:
• Coinbase pro
• Huobi Global
Shiba Inu Coin Centralized Exchanges
Signing up and utilizing these exchanges to buy SHIB is easy and follows the same process regardless of platform.
We’ll use Binance as an example, as it’s one of the most popular SHIB exchanges.
• Know your customer (KYC) before acquiring cryptocurrency. Whenever you mouse over the profile symbol in the top right, Binance displays a drop-down option. This shouldn’t take long.
• You may skip this step if you can buy USDC, USDT, or DOGE with a credit or debit card, direct deposit, cryptocurrency, or another exchange-provided method.
• Enter your maximum bid below (either in fiat currency or cryptocurrency)
• Pick your preferred payment method.
• Check any disclaimer boxes and click confirm. After payment, the ordered money should be in your wallet within seconds (though this will vary by payment method and currency conversion rules).
• *Buying Shiba Inu coins with a fiat currency such as the US dollar could take one to five business days. The remaining balance must be converted to SHIB. To trade SHIB/USD, go to your exchange’s Markets section and select Trade. Click on the button to access Binance’s trading interface and place an order.
The ShibaSwap Buying Guide
Visit one of two decentralized exchanges to buy Shiba Inu coins. The Shiba Swap platform is a decentralized Shiba Inu exchange. It would help if you first connected your Ethereum-based wallet red arrow to buy Shiba Inu on our website. Several wallets are available in white arrows:
• Wallet connect
• Coinbase wallet
We’ll use Metamask as an example because it is the most widely used wallet. Visit the Metamask homepage and hit the Download Now button if you haven’t already. Whether you need to update your system software or browser, the version you have to download will change.
The next step is to create a strong password and fund your Metamask wallet with Ether. The quickest way to do this is by clicking the “buy” button on Metamask. Following this link will take you to a website where you may purchase either using a debit or credit card.
When ready, head to ShibaSwap and trade some ether (ETH) for Shiba Inu currency (SHIB). Go to the Swap homepage and click the Swap tile in the bottom left corner. This link takes you to the platform’s decentralized swapping functionality. In this case, you’ll have ETH in the first box and Shiba Inu coin in the second, as illustrated below. The next step is determining how many SHIB coins you wish to purchase with your Ether. When you’re ready to make the exchange after confirming the amount and any associated costs, hit the switch button.
The SHIB tokens have been added to your Metamask wallet.
How to Acquire Shiba Inu Coin Using Uniswap
If you’re using an Ethereum-based wallet, Uniswap is more widely supported than ShibaSwap. To buy SHIB tokens on Uniswap, go to the site’s official homepage and select the start app button in the top right corner, just like you would on ShibaSwap. The same procedure applies to linking your wallet. You are not limited to the aforementioned ShibaSwap connections of three.
• Fortmatic Wallet
• Portis Wallet
In the same way as before, you’ll have to look for the SHIB token option inside the second box. There may be a need to import the token in this case if it is not already present on the list. This operation relies on the correct token being imported, not a fake one. Shiba Inu Coin’s correct contract address is as shown on Coinmarketcap:
After verifying that the right Shiba Inu Coin was imported, you may pick how much Ether to convert into SHIB and finalize the exchange. Within a few time, your new tokens will be available in your Metamask wallet.
Mobile wallet instructions for buying Shiba Inu coins.
The steps necessary to acquire Shiba Inu Coin (SHIB) through a mobile device are equivalent to those required by a central exchange. Before you can do anything, you’ll need to register for an account and finish any necessary Know Your Customer (KYC) processes.
A few other actions are:
• Trade on the go by visiting a mobile-friendly trading site or installing the exchange’s dedicated app.
• Use a strong password and produce a physical copy of the seed/recovery phrase instead of a digital one. You will need the grain phrase to transfer your existing account to a new smartphone in the case of the loss or theft of your current device.
Secure Your Crypto with These 4 Measures
For those interested in trading Shiba Inu coins, whether buying or selling, below is a list of the most popular mobile trading applications that facilitate such transactions:
• Huobi Global
• MEXC Global
Obtaining SHIB in New York: a Buyer’s Guide
The state of New York is notorious for its strict crypto-related regulations, with residents often being prevented from buying digital assets or participating in new projects. More importantly, the law requires every bitcoin business to get a special license, of which only a few hundred have been issued yet.
If you were wondering how to buy Shiba Inu coin in New York, you might be surprised to learn that special rules apply. Although there are ways to get SHIB illegally, as a resident of New York State, you have legal options. For instance, Coinbase has just let New York residents purchase Shiba Inu cash on its authorized platform.
You may also use the non-custodial, instantaneous conversion feature of Atomic Wallet to convert your Ether (ETH) balance into SHIB after buying it from any exchange.