How & where to buy Shiba Inu (SHIB) online

Shiba Inu is one of the original meme cryptocurrencies and it's become one of the most popular coins. This beginner’s guide explains how it’s become so popular and how and where to buy SHIB in 2022..
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Updated: Jun 28, 2022
Tip: our preferred broker is, eToro: visit & create account

What are the best exchanges to buy SHIB on?

These platforms are the best place to get Shiba Inu today. You can sign up for one and get started right away, or get help choosing between them from our reviews. Otherwise, keep reading to learn more about Shiba Inu first.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$ 0
Promotion
User Score
9.5
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Payment Methods:
Full Regulations:
3
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to buy Shiba Inu online – a step-by-step guide

Step 1. Find an exchange

The best place to buy Shiba Inu is a reliable cryptocurrency exchange. The specific features of each exchange vary across platforms, but as a general rule, they offer the widest range of coins, best prices, and are particularly good places to find new cryptocurrencies. A couple of the top exchanges around are:

  • Binance: Binance is the most popular exchange in the world and offers the widest range of crypto coins. It’s ideal for beginners and advanced users alike, thanks to a combination of advanced features and a ‘lite’ version to help you get started. Sign up with Binance >
  • Bittrex: Another popular exchange, Bittrex is the most secure platform around. It contains a wealth of material for crypto newbies and one of the largest collections of coins on the market. Join Bittrex now >

Step 2. Sign up and fund your account

To be able to use an exchange you need to create an account. Be prepared to supply some contact details and a form of photo ID, although it isn’t a difficult process and should only take a few minutes. To fund the account, it’s best to use a bank transfer or a debit card as they come with the lowest deposit fees.

Step 3. Purchase

Find Shiba tokens by searching for its ticker, SHIB, when you’re logged into your exchange account. Choose the pair that matches up to the currency you want to use to pay for it, such as BTC/SHIB if you want to use Bitcoin, choose the amount you want, and execute the trade.

Right now, you can only use another cryptocurrency to get Shiba tokens. That’s fairly normal for new or small coins, it just means that you have to swap your fiat currency (like GBP or USD) for a cryptocurrency first and then use that in a swap for Shiba.

Step 4. (Optional) Get a suitable wallet

A wallet is a safe and secure place to store your coins. Many crypto wallets act like banking apps: they secure your money behind a pin or password and you can manage it through the app. The most secure ones don’t even connect to the internet, but there are a range available depending on how much you value practicality compared to security.

Here are two of the top wallets around:

  • CoolWallet: CoolWallet is a combination of a mobile and hardware wallet. It comes in the form of a thin, card-like device, but you access the coins through an app on your phone that connects to it via bluetooth. Get a CoolWallet now >
  • Guarda Wallet: Guarda is an all-round wallet that you can access through the web, or via a desktop or mobile app. It also comes with its own integrated exchange so you can trade coins straight from the wallet. Sign up with Guarda Wallet now >
1
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to trade Shiba Inu – a step-by-step guide

Step 1. Find a broker

The best way to trade cryptocurrency is with a broker that charges low fees. The route to being successful at this form of investing is making a lot of trades and picking a platform with low fees; otherwise, you end up draining a lot of your capital simply by opening and closing positions.

At the moment, Shiba tokens aren’t available with any broker. That might change if it continues to grow and become more popular. In that case, eToro or Robinhood are good platforms to use.

Step 2. Deposit money

To use a broker you have to create an account and fund it with a fiat currency. Lots of platforms charge for deposits (and withdrawals), so it’s a good idea to check the fee structure before signing up. The cheapest ways to make a deposit are via a bank transfer or debit card, while an alternative method like PayPal or a credit card might be more expensive.

Step 3. Decide how you’d like to trade

The most popular way to trade is by using contracts for difference. These are essentially notes that represent the price of an asset (a coin, in this case) and you buy or sell them depending on whether you expect the price to go up or down. Use a combination of the latest news and your own research to make that decision.

Step 4. Start trading 

Beginner’s can start trading with a demo account to avoid putting your money at risk when you’re new to the market. All brokers offer this feature and you can find it in the account settings, then use it to get to grips with how everything works.

In terms of the trading itself, you have to decide on whether you think Shiba is going to rise or fall in value. That influences the choice between a long (buy) and short (sell) position.

As you gain more experience, you might want to add more advanced methods to the pot. One of the most popular is leverage, a means of trading where you borrow money from the broker to make bigger trades. Like any borrowing, this can be risky, and especially so if the market moves against you, so it’s wise to be cautious and leave it to the experts.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Still undecided?

To help you choose whether Shiba is for you, we’ve pulled together all the pros and cons into the table below. After that there are some more questions to help you time your entry into the market and decide how long to hold on for.

Pros

  • It’s a cheap coin that has gained a lot of attention and similar projects have grown in value quickly
  • The community is fun and it’s easy to hold lots of coins
  • It helped to fund big charitable donations

Cons

Finally, here are three more questions to help you decide whether to invest in Shiba tokens.

1. Is it a good time to buy Shiba Inu?

That depends on what you want to do with the coins and how long you plan to hold them for. If you want to get some in the hope it goes up in price in the future, then it might be best to do so sooner rather than later.

Alternatively, for short term traders then the decision rests on your analysis of the current price. You can combine that with the latest news and your own research to work out the best time to buy.

2. What problem does Shiba Inu solve, and what are the coin’s investment prospects?

Unlike many coins, it wasn’t set up to solve a particular problem. Its main function is as a light-hearted alternative to Dogecoin and it has helped fight COVID-19 in India as the means for a big charitable donation.

With that in mind, its prospects aren’t grounded in any great technological breakthrough. Rather, whether it can gain enough widespread attention to catapult it towards the level of fame achieved by coins like Doge (or its ‘son’, Baby Doge). If you invest, it’s best to do so with a small amount of money, as more like a bet on the chance it could hit it big.

It’s possible the coin increases many times in value, like those competitors have done, but there are many more examples of coins that haven’t worked out. It’s also a volatile coin where you need to stay plugged in at all times so that you can react to any news that might affect its value. Use the links below to help you.

Shiba Inu (SHIB/USD) is a project that has an ever-expanding ecosystem; where according to the latest cryptocurrency news, one of the latest additions is a mobile game known as “Shiba Eternity.” Shiba Inu is essentially a decentralized cryptocurrency that was originally created in August of 2020 and was…
If you are looking for cryptocurrencies to invest in that are a part of the Ethereum (ETH/USD) ecosystem, then Shiba Inu (SHIB/USD), Polygon (MATIC/USD), and Uniswap (UNI/USD) are some of your best options. When we look at the most recent crypto news, The Shiba Inu…
Shiba Inu (SHIB/USD) has become one of the largest meme-coins out there in terms of both market capitalization as well as project development. What is dubbed the Dogecoin (DOGE/USD) killer has undergone numerous developments, where the teams are expanding in the Metaverse…

3. Do you want to hold Shiba Inu for the long term?

There are times when you want to hold coins for the long time and others when the best thing to do is to get in and out quickly. Most often, the decision rests on what type of investor you are. Here are some final considerations for each strategy.

Considerations for a long term investment strategy

If you expect the Shiba Inu price to increase over time, then you should find an exchange to get some coins straight away. Then consider getting a wallet to store your new coins.

Considerations for a short term trading strategy

For short term traders, the fundamentals of a coin’s performance are less important. You should focus on choosing a broker with low trading fees and using technical analysis to identify the right time to buy.


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.