Shiba Inu sprung to prominence during late 2021, fuelled by the remarkable attention garnered by Dogecoin. Although the coin’s price has dropped since the highs of October 2021, Shiba Inu still has tremendous potential for the months and years ahead.
This guide will discuss where and how to buy Shiba Inu coin in detail, exploring the meme coin’s features and value potential, before highlighting how you can invest in Shiba Inu today – with low trading fees.
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Virtual currencies are highly volatile. Your capital is at risk.
How to Buy Shiba Inu coin- Quick Steps
The four easy steps below will show you how to buy Shiba Inu crypto in a matter of minutes using our top recommended broker. eToro:
- Open an account with eToro: Visit the eToro.com platform, create a free account and choose a username. Verify your account by uploading a copy of your photo ID and proof of address.
- Deposit: Make a minimum deposit into your trading account via credit/debit card, bank transfer, Paypal or e-wallet.
- Search for Shiba Inu coin: Type ‘SHIB’ into the search bar and click ‘Trade’ when Shiba Inu appears.
- Buy Shiba Inu coins: Enter your position size in the order box (minimum $10), check everything is correct, and click ‘Open Trade’ to confirm your buy order.
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Virtual currencies are highly volatile. Your capital is at risk.
Where to Buy Shiba Inu Today
Given Shiba Inu’s success over the last six months as one of the best meme coins, many of the world’s best crypto exchanges now offer the meme coin as a tradable asset. With that in mind, reviewed below the best places to buy Shiba Inu crypto today:
1. eToro – Overall Best Place to Buy Shiba Inu
Our number one best place and platform to buy Shiba Inu coins online is eToro. The platform has developed a stellar reputation within the trading scene over the past few years, with strict regulation from entities including the FCA, ASIC, CySEC, FINRA, and FinCEN. The platform itself is best known for its low trading fees and beginner-friendly features, making the trading process extremely easy.
Firstly, eToro’s fee structure is incredibly appealing, as the platform only charges a 1% transaction fee (plus the spread) when opening or closing a position. This means that when you buy Shiba Inu cryptocurrency, there are no other hidden fees to worry about other than what is expressed when you place a trade. Notably, eToro charges no deposit or monthly account fees, making the entire process very cost-effective.
The deposit process itself is streamlined, as eToro allows users to fund their accounts from as little as $10. Deposits are accepted from all major credit/debit cards, along with bank transfers and e-wallets – including PayPal. This ensures it’s easy to create a diversified portfolio, as eToro now offers over 45 different coins to trade.
eToro also boasts numerous exciting features, including the platform’s popular ‘CopyTrader’ feature. This feature allows users to automatically copy the trades placed by other eToro users, streamlining the process of investing in the best altcoins. Finally, eToro even offers a free demo account feature, ideal for newcomers to the financial markets.
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Virtual currencies are highly volatile. Your capital is at risk.
2. Crypto.com – Popular Place with Low Trading Fees
Another top platform that offers Shiba Inu is Crypto.com. Crypto.com is known for having one of the best crypto apps, offering over 250 coins to trade. The platform’s services are split between the web-based exchange and the trading app, ensuring there’s an option for all investors.
The exchange will appeal to experienced traders and utilizes a ‘maker/taker’ model, meaning that you’ll pay a 0.4% fee on either side of the trade. Notably, you can reduce this fee by 10% if you pay these fees in CRO – Crypto.com’s native token. On the other hand, the app allows instant crypto purchases using a credit or debit card, with transaction fees waived during the first 30 days of use.
After this, Crypto.com will charge a 2.99% fee on any crypto purchases made using a card – although users can still deposit FIAT currency for free using various methods. Aside from this, Crypto.com offers a selection of valuable features, with its crypto interest account allowing investors to earn up to 14.5% interest on specific coins.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.
3. Coinbase – Top Platform to Buy Shiba Inu Coins
Coinbase is another option if you’re wondering where to buy Shiba Inu, as the platform offers a wide array of crypto assets to trade through the browser-based platform or the Coinbase App. Beginner Users can make money from crypto investments in a selection of the best meme coins (including SHIB) using a credit or debit card, removing the need to own crypto beforehand.
Coinbase’s fee structure can be pretty complex at first glance, as each trade will accrue a ‘Coinbase Fee’ plus the spread. The spread usually hovers around 0.5%, although the Coinbase Fee can vary wildly depending on trade volume and payment method. However, users who opt to use Coinbase Pro, Coinbase’s exchange platform, will pay a taker fee of 0.6% and a maker fee of 0.4%.
In terms of security, Coinbase stores the vast majority of customers’ holdings in cold storage, protecting them from cyberattacks. Furthermore, all USD cash balances on Coinbase are covered up to $250,000 through FDIC insurance. Finally, Coinbase also has numerous compelling features, including a beginner-friendly crypto staking service for supported coins.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.
4. Binance – Huge Cryptocurrency Exchange with Vast Asset Selection
The final place we’d recommend if you’re researching where to buy Shiba Inu crypto is Binance. Most people will have heard of Binance, as it is currently the world’s largest cryptocurrency exchange, according to CoinMarketCap. Binance is best known for its colossal asset selection, allowing investors to trade altcoins (including SHIB), crypto-to-crypto pairs, and a selection of the top DeFi coins.
Binance operates at the lower end of the spectrum in terms of fees as investors only need to pay a 0.1% fee when they open or close a trade. Interestingly, investors can reduce these trading fees by 25% if they are paid in Binance Coin (BNB) – Binance’s native token. The platform also allows investors to instantly purchase cryptos using a credit or debit card, although this can attract a fee of up to 5% per trade.
Binance also supports free FIAT deposits via ACH, although the funding can take a few days to arrive. Aside from its low fees, Binance is also popular with experienced traders due to the extensive tools and features on the Binance exchange platform. These include advanced price charts, technical indicators, and order book data.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.
What is Shiba Inu coin?
Before we dive into how to buy Shiba Inu coins in more detail, let’s take a detailed look at what the coin is and its various use cases. Investors who opted to buy Dogecoin last year will likely have heard of Shiba Inu, as the coin was launched in August 2020 in an attempt to capitalize on the mass appeal that Dogecoin generated. The coin’s founder, Ryoshi, remains anonymous to this day and has opted never to own any SHIB tokens.
According to Shiba Inu’s whitepaper (titled the “Woofpaper), the coin is entirely decentralized and aims to be the ‘Dogecoin killer’. However, what sets Shiba Inu apart from Dogecoin is that the former is hosted on the Ethereum blockchain. Ultimately, this allows Shiba Inu to leverage the power of smart contracts – giving Shiba Inu many more use cases than DOGE.
However, up until now, SHIB has mainly been used as a payment method, similar to many other cryptocurrencies. According to cryptwerk.com, Shiba Inu coin is now accepted by over 640 merchants worldwide in industries such as tourism, gambling, gaming, and more. Although this isn’t anywhere near Bitcoin’s dominance, it does highlight the niche that SHIB has carved out.
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Virtual currencies are highly volatile. Your capital is at risk.
Is Shiba Inu coin a Good Investment?
As Shiba Inu is one of the 15 largest crypto platforms, many crypto experts believe that the SHIB crypto is a good investment compared to other mainstream cryptocurrencies, and other new tokens. Despite all the ups and downs in the price history of Shiba Inu, analysts believe that Shiba Inu price prediction could grow further in the long term.
Shiba Inu crypto asset is one of the best cryptocurrencies to invest in. Given the incredible price rise that Shiba Inu saw last year, you may be wondering whether SHIB crypto remains a good investment opportunity. Considering that, detailed below are five reasons why you may still wish to invest in Shiba Inu today:
Best Ways of Buying Shiba Inu coin
The next step in the process of buying a Shiba Inu coin is deciding how to facilitate your investment. Discussed below are two of the most popular methods you can use to purchase SHIB in the market today:
Buy Shiba Inu coin with PayPal
Investors who prefer to buy Bitcoin with PayPal may also wish to use this payment provider to facilitate their Shiba Inu investment. At present, PayPal doesn’t allow users to purchase SHIB directly through their platform, as their asset selection is quite limited.
However, eToro users can make instant deposits into their trading balance using PayPal and then use these funds to buy Shiba Inu coins. Crypto.com also allows users to make FIAT deposits using PayPal; however, unlike eToro (which is free), Crypto.com will charge a 2.1% transaction fee when taking this approach.
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Virtual currencies are highly volatile. Your capital is at risk.
Buy Shiba Inu coin with Credit Card or Debit Card
One of the easiest ways to purchase Shiba Inu instantly is by using a credit or debit card. All of the platforms that we reviewed earlier in this guide on how to buy Shiba Inu coins will allow clients to make payments using major card providers. Usually, this will take one of two forms – either making a FIAT deposit or directly purchasing the crypto using a card.
The former option is offered by eToro and removes all of the fees associated with making instant card purchases. Furthermore, since eToro allows deposits from only $10, this process is ideal for beginner investors. On the other hand, the other three platforms we discussed earlier enable users to purchase SHIB directly using a credit or debit card – although this tends to be accompanied by a high transaction fee.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.
How to Buy Shiba Inu Coins – Full Details
Before rounding off this guide on how to buy Shiba Inu coins, it’s essential to discuss the trading process. Much like when you invest in Ethereum, buying SHIB involves creating an account with a respected platform and making your purchase via your laptop or smartphone.
With that in mind, the five quick steps below will walk you through the investment process with eToro – all whilst paying minimal trading fees.
Step 1 – Create a Trading Account
First thing’s first – head over to eToro’s homepage and click ‘Start Investing’, Enter a valid email address and choose a username and a password for your account. You can even complete this process using your smartphone via the eToro app if you’d like.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.
Step 2 – Verify your ID
Click ‘Complete Profile’ on your account dashboard and enter the personal details required for eToro’s KYC checks. You’ll then be asked to upload proof of ID (e.g. passport) and proof of address (e.g. bank statement), which eToro will verify.
Step 3 – Deposit Funds
Once verification is complete, click ‘Deposit’ on your dashboard and choose which payment method you’d like to use. eToro accepts the following methods for US-based clients:
- Credit card
- Debit card
- Bank transfer
- PayPal
- Skrill
- Neteller
Step 4 – Search for Shiba Inu
Next, click the search bar and type ‘Shiba Inu’ or ‘SHIB’. When the coin appears, noted as ‘Shiba (in millions), click ‘Trade’.
Step 5 – Buy Shiba Inu coin
An order box will now appear, similar to the one below. In this box, enter your desired position size (minimum $10), check everything is correct, and click ‘Open Trade’.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.
How to Buy Shiba Inu Today – Conclusion
In summary, this guide has taken an in-depth look at how to buy Shiba Inu coin today, exploring the coin’s features and use cases before providing a detailed walkthrough of the investment process.
Shiba Inu is one of the most popular cryptocurrencies. If you’re wondering where to buy its coins today, we recommend eToro. The broker has recently streamlined its fee structure, which has ensured a low-fee environment for crypto traders. What’s more, since eToro’s minimum investment amount is only $10, the platform is ideal for beginner investors.
>>>Buy Shiba Inu Now<<<
Virtual currencies are highly volatile. Your capital is at risk.