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Are you looking to add a Shiba Inu to your family? Maybe you’re a big fan of Dogecoin and want to get your hands on some Shiba Inu coins. Either way, you’ve come to the right place.
In this comprehensive guide, we’ll show you everything you need to know about how to buy Shiba Inu, so, let’s get started!
What is Shiba Inu?
Shiba Inu is a cryptocurrency that was created as a parody of Dogecoin. It has since become one of the most popular cryptocurrencies, with a market capitalization of over $6 billion.
How to Buy Shiba Inu
1. Create an account on an exchange that supports Shiba Inu trading
2. Deposit funds into your account
3. Place an order to buy Shiba Inu
4. Withdraw your Shiba Inu to a personal wallet
Congratulations, you are now the proud owner of some Shiba Inu!
Buy Shiba Inu on Binance
Binance is one of the largest and most popular cryptocurrency exchanges. It offers a wide range of features, including spot and margin trading, derivatives, and staking.
1. Register for an account on Binance.com
2. Verify your account by submitting the required KYC documents
3. Deposit funds into your account (BTC, ETH, USDT, BUSD)
4. Go to the “Exchange” tab and search for “SHIB/USDT”
5. Place an order to buy SHIB at the desired price point
6. Withdraw your SHIB tokens to a personal wallet
Shiba Inu Coins (SHIB) are ERC-20 tokens that can be stored on any Ethereum-compatible wallet, such as MetaMask or MyEtherWallet.
Buy Shiba Inu on Huobi
Huobi is one of the oldest and most popular cryptocurrency exchanges. It offers a wide range of features, including spot and margin trading, derivatives, and OTC trading.
1. Register for an account on huobi.com
2. Verify your account by submitting the required KYC documents
3. Deposit funds into your account (BTC, ETH, USDT)
4. Go to the “Exchange” tab and search for “SHIB/USDT”
5. Place an order to buy SHIB at the desired price point
6. Withdraw your SHIB tokens to a personal wallet
Buy Shiba Inu on OKEx
OKEx is a popular cryptocurrency exchange that offers spot and derivatives trading.
1. Register for an account on okex.com
2. Verify your account by submitting the required KYC documents
3. Deposit funds into your account (BTC, ETH, USDT)
4. Go to the “Exchange” tab and search for “SHIB/USDT”
5. Place an order to buy SHIB at the desired price point
6. Withdraw your SHIB tokens to a personal wallet
Now that you know how to buy Shiba Inu, you’re well on your way to becoming a part of the Shiba Inu community!
Swapping USDT for Shiba Inu
If you’re looking to trade USDT for Shiba Inu, you can do so on Binance, Huobi, and OKEx.
1. Register for an account on an exchange that supports Shiba Inu trading
2. Verify your account by submitting the required KYC documents
3. Deposit USDT into your account
4. Go to the “Exchange” tab and search for “SHIB/USDT”
5. Place an order to buy SHIB at the desired price point
6. Withdraw your SHIB tokens to a personal wallet
Congratulations, you are now the proud owner of some Shiba Inu!
How to buy Shiba Inu in New York and other crypto-unfriendly states
If you live in New York or another state with stringent cryptocurrency regulations, you may be wondering how to buy Shiba Inu.
The good news is that there are a few ways to do so.
One option is to use a peer-to-peer exchange like LocalBitcoins or Paxful. These platforms allow you to buy Bitcoin directly from another person, using a variety of payment methods.
Once you have Bitcoin, you can then use it to buy Shiba Inu on an exchange that supports the cryptocurrency.
Another option is to use a crypto ATM. These machines allow you to buy Bitcoin with cash, and some also support other cryptocurrencies like Shiba Inu.
Crypto ATMs are typically located in major cities, so you may need to travel to one in order to buy Shiba Inu.
Finally, you could also use a service like BitPay or Coinbase Commerce to accept cryptocurrency payments for goods or services. This would allow you to essentially sell something in exchange for Shiba Inu.
BitPay is available in all 50 states, while Coinbase Commerce is currently only available in 42 states.
Whichever option you choose, be sure to do your research and only buy Shiba Inu from a reputable source.
Best Crypto Exchanges for Shiba Inu buying
1. Binance: Binance is the world’s largest cryptocurrency exchange by trading volume. It offers a wide range of cryptocurrencies, including Shiba Inu, and also supports spot and margin trading.
2. Huobi: Huobi is one of the oldest and most popular cryptocurrency exchanges. It offers a wide range of features, including spot and margin trading, derivatives, and OTC trading.
3. OKEx: OKEx is a popular cryptocurrency exchange that offers spot and derivatives trading.
4. LocalBitcoins: LocalBitcoins is a peer-to-peer exchange that allows you to buy Bitcoin directly from another person.
5. Paxful: Paxful is a peer-to-peer exchange that allows you to buy Bitcoin directly from another person.
6. Crypto ATM: A crypto ATM is a machine that allows you to buy Bitcoin with cash.
7. BitPay: BitPay is a service that allows you to accept cryptocurrency payments for goods or services.
8. Coinbase Commerce: Coinbase Commerce is a service that allows you to accept cryptocurrency payments for goods or services.
9. Changelly: Changelly is an instant cryptocurrency exchange that supports a wide range of cryptocurrencies, including Shiba Inu.
Wallets for Shiba Inu
When it comes to storing your Shiba Inu, you have a few different options.
One option is to store your tokens on an exchange that supports Shiba Inu. This is convenient, but not very secure, as exchanges are often targets for hackers.
Another option is to use a software wallet like Exodus or Atomic Wallet. These wallets allow you to store your Shiba Inu on your computer or mobile device.
Another option is to use a hardware wallet like the Ledger Nano S or Trezor Model T. These devices are designed specifically for storing cryptocurrency and offer a high degree of security.
Finally, you could also store your Shiba Inu on a paper wallet. This involves generating a wallet offline and then printing out the private key and QR code.
Whichever option you choose, be sure to do your research and only store your Shiba Inu in a secure and reputable wallet.
