How to buy Squid Game coin

The Squid Game cryptocurrency is part of an online game that’s inspired by the hit Netflix series. This guide explains how to buy SQUID and what to think about before you do.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: Nov 1, 2021
Tip: our preferred broker is, eToro: visit & create account

Warning: The Squid Game cryptocurrency has been flagged as a potential scam, with many users unable to sell their coins. Any investment is made at your own risk.

Squid Game was one of 2021’s biggest television hits and the SQUID cryptocurrency aims to capitalise on its success. Learn everything you need to know about Squid in this guide and follow our step-by-step guide to getting it.

Compare where to buy Squid Game, and open an account

The first step to getting a cryptocurrency is to sign up to a broker. Click on one of the links in the table to do so. You can learn more about Squid Game in particular by scrolling down for further information.

1
Min. Deposit
$50
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Promotion
User Score
9.3
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
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

How to buy Squid Game online – a step-by-step guide

Step 1. Find an exchange

To get Squid Game you need to use a cryptocurrency exchange. The only place you can find it right now is on PancakeSwap, which is a particular type of exchange that requires you to own cryptocurrency and have your own wallet in order to use it.

The best way to go about getting to that point is to sign up to one of the platforms below first and start your journey from there. You can get any cryptocurrency on these exchanges, then transfer that to a wallet and use it to buy Squid Game.

  • Binance: Binance is the largest and most popular exchange platform in the world. All of the largest cryptocurrencies are available, and there’s a ‘lite’ version to help beginner users get started. Join Binance now >
  • KuCoin: KuCoin is another beginner-friendly exchange that has a wide range of altcoins available. You can sign up to get started with cryptocurrency in just a few minutes. Sign up with KuCoin >

Step 2. Sign up and fund your account

The next stage is to create an account and deposit some money into it. This is simple enough and just requires you to submit some contact details and a form of photo ID. Then fund the account by sending money via a bank transfer or debit/credit card.

Step 3. Purchase

In order to get Squid Game, you need to buy a coin like Binance Coin first. On your chosen exchange, search for it using the BNB ticker. Once you have purchased some of that, you will be able to transfer your new cryptocurrency to a wallet and be in a position to buy SQUID itself.

Step 4. Get a suitable wallet

You need a dedicated cryptocurrency wallet in order to buy and sell coins on a platform like PancakeSwap. You want to move the Binance Coin you own into a wallet, like MetaMask or one of the options below, and then you can visit PancakeSwap, connect the wallet, and start buying Squid Game.

  • Freewallet: Freewallet is an online wallet that you can use for free through your web browser or on a mobile app. The wallet is free and you can manage your coins from anywhere. Use Freewallet now >
  • Ledger Nano S: The Ledger Nano S is a hardware wallet, which means it comes in the form of a physical device that you connect to your computer in order to manage the coins. Get the Ledger Nano S >
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:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Squid Game – a step-by-step guide

Step 1. Find a broker

To trade a cryptocurrency you need to find a broker that charges low fees per trade. However, in this case it’s not possible to buy or sell Squid Game through a regulated broker at the moment. The best thing to do is to wait and hope that it keeps growing in popularity, at which point the likes of eToro or Plus500 might add it to their selection.

Step 2. Create an account and deposit money

Before you can use a broker, you need to create an account. It’s best to come prepared with some personal information, like your contact details and a form of photo ID, but the whole process should only take a few minutes. After that, you can fund it by making a payment via a bank transfer, card payment, or PayPal.

Step 3. Learn how to perform technical analysis

Successful trading strategies are built on a form of research known as technical analysis. This involves looking at price charts to identify patterns and make predictions based on what normally occurs as a result of those trends.

Step 4. Decide whether to go long or short

A trader looks to take advantage of both price rises and falls by either going long (buying) or short (selling) a coin. The decision over which one is the right move depends almost entirely on the result of your technical analysis and what the indicators suggest you should do.

Step 5. Make the trade

The final step is to go ahead and make a trade. You can find Squid Game coin by searching for its ticker, SQUID. Then enter the details of the trade, such as whether you want to go long or short and how much you want to buy, before executing it.

1
Min. Deposit
$50
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Should I invest in Squid Game?

No, the Squid Game coin appears to have been part of a scam. There have been multiple reports of users being unable to sell the coins they own and the website has been taken down. You should not put any money into Squid Game.

Still undecided?

If you aren’t sure about Squid Game yet, below is some more information to help. First, find a summary of the coin’s pros and cons, and then three more questions designed to help you time your investment right

Pros

Cons

Now here are three final questions for you to consider before you invest in Squid Game.

1. Is now a good time to buy Squid Game?

The answer is different for long term investors compared to short term traders. If you believe that this project has long term potential, then you should look to invest sooner rather than later, but wait until the market is going through a settled period.

Coins like this are often volatile, which means the price can rise or fall quite dramatically in a short space of time. It’s better to avoid investing at those times because you can quickly get left behind as the price swirls around you.

For short term traders, the decision is based simply on what your price analysis and technical indicators tell you. Volatility often works in your favour in that situation, because it creates more opportunities to buy and sell. You can use the links below to find our analysts’ research, which can supplement your own.

Cons

2. What problem does Squid Game solve, and what are its investment prospects?

It aims to monetise the Squid Game brand name by using cryptocurrency as part of an online gaming platform. It was released amidst the hype that surrounded the Netflix television series, although it’s not clear what, if any, links there are between the coin and the show’s developers.

Its games follow a similar pattern to that on the show, where only some participants qualify from each round. Rather than needing to be in debt to enter, you only need to pay a fee (in SQUID) and then you can try to play your way into the next round. There is no suggestion that your life will be on the line at any point.

The potential of this coin is based entirely around the name. Gaming coins like Axie and Decentraland have become popular in recent times but until this one is easier to access it’s going to be difficult for it to attract new users. It’s also a fast-moving coin where social posts and hype can have a big impact on the price, so you should follow the news in the links below to stay on top of what’s happening.

The Squid Game Project SQUID/USD is a play-to-earn platform that runs on the Binance Smart Chain, which is inspired by the Korean hit series on Netflix. Ryoshi RYOSHI/USD is a meme-token that is intended to be a fan-created utility token.  InfinitX INX/USD is the first Binance Smart Chain…

3. Do you want to hold Squid Game for the long term?

That might be the best move if you want to use your coins to play the game. If not, then it depends on whether you think it has long term potential or if you just want to speculate on its price movements to try to make a profit. Below are some final considerations for each different type of investor.

Considerations for a long term investment strategy

The most important thing for a long term investor is to find an exchange that lets you buy the coins. You will almost certainly need to sign up for a cryptocurrency wallet in order to do this as well.

Considerations for a short term trading strategy

A short term strategy is built around technical analysis. Use your expertise to identify opportunities to trade and then sign up for a broker that charges low fees in order to make the moves.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.