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- 1. How & where to buy Shiba Inu (SHIB) online
- 2. How to buy Shiba Inu instantly in 3 simple steps
- 3. Where to buy SHIB easily
- 4. Best exchanges to buy Shiba Inu (SHIB), reviewed
- 5. How to trade SHIB
- 6. What is the best way to pay for Shiba Inu (SHIB)?
- 7. How do I store Shiba Inu (SHIB)?
- 8. Is Shiba Inu (SHIB) a good investment?
- 9. Is now a good time to buy Shiba Inu?
- 10. FAQs
How & where to buy Shiba Inu (SHIB) online
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Get started in minutes with our preferred broker, .
9/1082% of retail CFD accounts lose money.
Shiba Inu tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Shiba Inu this way. Follow our quick step guide below.
How to buy Shiba Inu instantly in 3 simple steps
Copy link to sectionTo buy Shiba Inu coin you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Shiba Inu token
Copy link to sectionType SHIB into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Shiba Inu tokens! It’s as simple as that.
Where to buy SHIB easily
Copy link to sectionThe overall best exchange to buy Shiba Inu token for beginners is eToro .
Here are the top five places to buy Shiba Inu, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we test, rank & review platforms.
Best exchanges to buy Shiba Inu (SHIB), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
4. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade SHIB
Copy link to sectionYou can trade Shiba Inu on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how SHIB crypto trading works:
- Monitor the price: Let’s say the price of SHIB/USDT is $1. You read the price charts and decide that now is a good time to start purchasing SHIB.
- Open a trade: You trade one USDT for one SHIB ($1 for 1 SHIB).
- Continue to monitor the price: The next day, one SHIB token is now worth $2, a 100% increase.
- Close your trade: You trade your SHIB token back to USDT for $2.
In this example, you buy and sell Shiba Inu, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Shiba Inu (SHIB)?
Copy link to sectionThe simplest way to buy Shiba Inu cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for SHIB.
- Buy Shiba Inu with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Shiba Inu with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Shiba Inu with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Shiba Inu (SHIB)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Shiba Inu then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Shiba Inu wallets to use are MetaMask and the Ledger Nano S.
Is Shiba Inu (SHIB) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of the Shiba Inu and its token to help you decide whether to invest in SHIB.
- A developing Shiba ecosystem. Shiba began life as a meme coin but has turned its initial wave of online support into a long term growth plan and a dedicated follower base that refers to itself as the Shiba community. The plan involves creating the ShibaSwap crypto exchange, selling NFTs, and donating to charities around the world. As this ecosystem grows, so does the potential value of the SHIB token.
- Its status as the ‘Dogecoin Killer’. The Shiba Inu team has long proclaimed the coin as the ‘Dogecoin Killer’, which epitomises its goal to become more popular than Dogecoin – the meme coin brought to public attention by Elon Musk – and encourage that audience to buy SHIB instead. If you buy Shiba Inu coin then you want this project to succeed, as more buyers and less competition is better for the token’s value.
- Large supply of SHIB tokens. When SHIB was first created, the developers released 1 quadrillion SHIB onto the market all at once. Although some of that has since been ‘burned’ (destroyed), there is still a huge volume of tokens on the market, which means it’s difficult for the price to rise too far.
- You can donate to dog rescue with Amazon Smile. Donating to good causes is at the heart of the Shiba Inu project. By investing in the token you are helping Shiba Inu to collect donations, or you can use amazon.smile and choose the Shiba Inu Rescue Association to make sure that when you spend money on Amazon, a percentage is donated to dog rescue charities.
Use this quick summary of pros and cons to compare Shiba Inu with other, similar projects.
Pros
Copy link to section- The Shiba Inu ecosystem is growing
- When you buy Shiba Inu you’re helping charitable work
- The ShibaSwap exchange lets you earn passive income by staking SHIB
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Shiba Inu (SHIB) performed this year?
Copy link to sectionThe current Shiba Inu price today is $0.00001, which is 87.34% below its all time high of $0.000079, which it reached on 10 May 2021. SHIB is down 69.69% this year, with a 52 week high of $0.000079 and a 52 week low of $0.0000076.
Is now a good time to buy Shiba Inu?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Shiba Inu, selling Shiba Inu, and trading SHIB are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Shiba Inu.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Shiba Inu, then a good time to buy is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Shiba Inu and selling it the next day probably isn’t why you’re here either.
Regardless, closely following SHIB price news & analysis will help you decide when to pull the trigger:
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Shiba Inu (SHIB) displays upside momentum for the week ahead – here’s why
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FAQs
Copy link to sectionMore altcoins to buy
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