How To Buy Shiba Inu Coin (SHIB)
Users all over the world are looking to invest their money in popular cryptocurrencies depending on the trends of the moment.
For many, alt coins are the most loyal representation of decentralized currencies, which explains the recent popularity of DogeCoin, Shiba Inu Coin, and other cryptocurrencies.
Thus, if you are looking to get into the Shiba ecosystem, you’ve come to the right place.
In today’s article, we are going to give you all the information you need about:
- How to buy Shiba Inu Coin;
- How to operate with this coin in different Cryptocurrency exchanges;
- Important information you need to know before you buy Shiba Inu Coin.
What Is Shiba Inu (SHIB)?
The Shiba Inu Coin is a token that runs on the Ethereum Blockchain that can be stored in your Ethereum Wallet on decentralized exchanges.
Decentralization is key for all major cryptocurrency exchanges out there.
Fiat currencies are starting to feel outdated for some, which creates the need to actively sell, trade, buy, and hold the most relevant crypto tokens available.
Crypto trading isn’t new at all, and there’s obviously a market risk that we all accept related to crypto’s high volatility.
Still, people that want to start buying SHIB do so to have access to ever-evolving financial opportunities.
Where Can I Buy Shiba Inu Coin?
There are many places where you can buy Shiba Inu Coin, including Binance or Atomic Wallet. In this guide, we will explain how to buy Shiba Inu on KuCoin.
You can check the current price of this token before you decide to buy Shiba Inu Coin.
According to Coinbase, the total supply of Shiba Inu (SHIB) is one quadrillion, while the current circulating supply is 549,095,509,738,353 SHIB.
This circulating supply is set to increase its availability while more users look to have Shiba Inu Coin in their holdings, increasing the tokens’ market capitalization.
Either way, it’s important to take a look at some of the leading Crypto Exchanges and their services where you can perform Shiba Inu Coin trades.
KuCoin
KuCoin is a decentralized exchange that offers their affiliates the possibility to trade, sell, and buy Bitcoin, ETH, Shiba Coin (SHIB) and almost any other cryptocurrency.
The security of your data is a priority for this platform, which is just some of the reasons why we will focus on how to buy Shiba Inu Coin on this crypto exchange.
Binance
Binance is one of the biggest cryptocurrency exchanges out there. Learning how to buy Shiba Inu Coin using this platforms’ services is pretty easy.
You can also sell, trade, exchange, and purchase Bitcoin, ETH tokens, and other coins here.
Atomic Wallet
You can use Atomic decentralized wallet mobile app to buy Shiba Inu Coins and manage them at your will.
This is one of the safest wallets out there, and the process to purchase Shiba Inu (SHIB) and other tokens is really straightforward.
You can learn more about this service by clicking here.
Crypto.com
Crypto.com is an exchange where you can purchase all kinds of cryptocurrencies and tokens.
Thousands of investors trust this platform with their data, creating an environment where purchasing crypto using fiat money (USD, EUR, and more) is easier than ever before.
Did you know?
Shina Inu Tokens recently overtook DOGE in terms of market cap. Part of the success of this token is the decentralized exchange called Shibaswap, which is built around SHIB.
There are also plans to release an NFT platform that will work as an NFT art incubator in the Shiba Inu Ecosystem.
How to Buy Shiba Inu Coin (SHIB)
Now that you know the great impact of this token on the cryptocurrency market, it’s time to know how to buy Shiba Inu Coin.
For practical purposes, in this guide, we will show you how to buy Shiba Inu on KuCoin. Get your investors’ mindset ready, and let’s buy SHIB!
Step 1: Create an Account at KuCoin
First, you need to create a new account on KuCoin. Here you can manage tokens, any cryptocurrency, and many other crypto assets.
Therefore, first go to the KuCoin website by clicking here and complete the registration process.
This is the first step to buy SHIB, so make sure you enter all of your personal information correctly.
Step 2: Buy Cryptocurrency to Fund Your Account
Once your new account it’s set and ready to go, you need to fund it with cryptocurrency.
We recommend doing this with BTC and ETH since they have the greatest amount of flexibility due to their market cap.
Step 3: Select “Assets” and then “Deposit”
In order to make a deposit, you need to go to the “Assets” tab in the navigation bar. There, a menu will open where you need to select the “Deposit” option.
At this point, it’s fundamental to know which crypto you wish to use. Then again, go with BTC or ETH to make things a lot easier for you.
Step 4: Choose the Cryptocurrency Wallet
Once you’ve made up your mind about the crypto you will use to fund your account, just select it in the menu to get the wallet.
KuCoin will give you a wallet address that you should use to make a crypto transfer from another platform.
Step 5: Go to “Assets” and Select “Main Account”
Once your account is funded with crypto, you need to check your balance to see how things are in your account.
Then again, select “Assets” on the main KuCoin dashboard, but now go to “Main Account.”
Here, you will see if the crypto transfer you made is already reflected on your account. If it is, then proceed with the following step.
Otherwise, wait a little bit for the funds to properly arrive.
Step 6: Select “Exchange” on KuCoin’s Home Page
Now that your KuCoin account is ready for trading, selling and buying cryptocurrency (such as Shiba Inu, of course), you are now ready to go.
Go to KuCoin’s home page and select “Exchange” at the top navigation bar.
Step 7: Select ETH or BTC Market
The process is exactly the same whether you decide to fund your account using ETH or BTC.
Both of these coins’ market cap is so big that there isn’t a different way to acquire Shiba Inu using these coins.
You can select the market by clicking on the ETH/BTC button on the crypto Exchange page.
Step 8: Look for Shiba Inu Coins
A search bar will appear where you need to search for the Shiba Inu Coin.
Here, you can start trading and buying Shiba Inu.
Clicking on the trading pair will give you the information you need about Shina Inu’s (SHIB) price.
Step 9: Purchase SHIBA in the “Market Tab”
Naturally, you can buy SHIB when it reaches a certain price, or do it right now if you please.
The “Market Tab” on KuCoin has all the information you need related to Shiba Inu: its price, volume, and more.
You need to select the amount of Shiba Inu you want to buy before proceeding with this step.
Step 10: Select “Buy SHIB” and Wait for Your Funds to Arrive
Keep in mind that KuCoin will ask you for a 6-digits security code set at the moment you create your account.
Thus, put the code, type in the amount of Shiba Inu (SHIB) you want, and hit that “Buy SHIB” button.
You’ve placed your Shiba Inu (SHIB) order now! Now wait for the funds to arrive at your SHIB wallet and enjoy your new purchase.
Many users prefer to have their funds safe and sound in a hardware wallet, so if this is your case, you are on your right to do so.
That’s how you buy Shiba Inu! The price of this token might sky-rocket in the months to come, so don’t miss this train.
How To Buy Shiba Inu Coin FAQ
Can Shiba Inu Coin Reach a Price of $1?
Very unlikely. This would be impossible and would cause an unprecedented unbalance in the crypto world. In fact, some experts say that it can’t even reach $0.01. You can learn more about this by clicking here.
Karen is a senior technical writer and copywriter here at GrowFollowing. Her area of expertize are social media apps and new media.