Should you invest in Shiba Inu, and will its value rise again? This guide intends to introduce you to Shiba Inu cryptocurrency and its price history, as well as a full guide on how to buy and trade Shiba Inu coin in the UK.
If you are looking to make a profit from Shiba Inu, then we have written this guide for you. Here, you’ll get a step-by-step walkthrough of how to buy Shiba Inu in the UK, choosing the right broker, and relevant cryptocurrency practices to make a profit.
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How To Buy Shiba Inu Crypto In The UK – Quick Guide
To help you invest in Shiba Inu in the UK as quickly as possible, we broke the process down into 5 easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for Shiba Inu – Search for SHIB or Shiba Inu in the eToro crypto market.
- Step 5: Buy SHIB in the UK – Enter the amount of the worth of Shiba Inu you want to purchase, then click Open Trade.
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That’s it! By following these easy steps, you can buy Shiba Inu in the UK in less than 10 minutes.
With these steps, you can purchase as many Shiba Inu tokens as you desire. However, if you’re a beginner, you might need a more explanatory guide on how to go about these steps. Therefore, we have provided a detailed walkthrough below.
Where to Buy Shiba Inu Coin in the UK
Wondering where to buy Shiba Inu and invest in cryptocurrencies in the UK is? Let’s cover the cheapest and safest options today.
1. eToro – Overall Best Place to Buy Shiba Inu Coin UK with Tight Spreads
eToro is the best platform to buy Shiba Inu in the UK. You can buy Shiba Inu UK with as little as $10 with the popular crypto broker eToro. But it’s not just limited to SHIB, you can buy Bitcoin, Ethereum, Dogecoin and 46 other trending cryptos with a minimum investment of $10. eToro offers a broad selection of stocks, 250 ETFs, commodities and indices, but it is with crypto that eToro shines. That’s because this broker is regulated by the stringent FCA of the UK (as well as by CySEC, FinCEN and ASIC overseas). Regulation is rare in the crypto sector, and means you are dealing with a decent business.
Certainly, with 23m investors worldwide, eToro has attracted quite a following since its launch in 2006. Newcomers are particularly welcome at eToro. The interface is a cinch to use. An efficient ticket help system gives you back-up if you get stuck. And, best of all, eToro offers two unique tools for crypto newbies: CopyTrader and Crypto Smart Portfolios.
Allow any of 660+ crypto traders to make the tough decisions for you with eToro’s CopyTrader. You simply allocate funds, choose a trader — and the software will use your funds to match their trades in real-time. You can review all sorts of stats on each trader. You can copy many traders at once. And you can opt out of CopyTrader at any time.
If you want to simply buy Shiba Inu Coin UK, the eToro process is simple. You sign up. You get verified. You deposit GBP using convenient PayPal, bank transfer or credit/debit card. You use the funds in your account to purchase your crypto. eToro will then hold onto it for you at no extra charge until you sell it. You can transfer some crypto you buy with eToro to your free eToro Money crypto wallet. This wallet comes with an unloseable key and empowers you to send/receive/exchange crypto, as well as stake crypto with eToro for rewards.
If you want to buy Shiba Inu Coin UK on the move, check out eToro’s smartphone app. It is the most downloaded trading app in the UK.
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2. Huobi – Top-Rated Crypto Exchange in the UK
If you are looking to buy Shiba Inu Coin UK, what immediately makes Huobi crypto exchange stand out is that they are giving away 20,000 SHIB when you sign up! That’s alongside a sliding scale of cash incentives totting up to $300.
Founded in China, with offices in Japan, Korea and Singapore, Huobi is focused on Asia-Pacific. This might make it seem an adventurous choice if you are deciding how to buy Shiba Inu Coin UK. But Huobi is worth a look.
It offers 348 crypto in all, as well as 60 payment options. It has the third highest trading activity of any exchange in the world. You can fund your account and buy crypto using Huobi’s maker/taker structure, buy crypto directly with credit card (but not SHIB), or — as with Binance — use P2P trading. Like Coinbase, Huobi keeps most of its client funds in cold storage. And it runs a HKD 50,000 scheme to reward Huobi users for reporting possible fraud issues onsite (Trading Protection and Guardian Project).
In summary, Huobi offers a range of powerful crypto options, but fees are not clearly reported onsite. And, like all SHIB vendors we have reviewed apart from eToro, protection by the UK’s Financial Conduct Authority is not available.
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3. Coinbase – Popular Cryptocurrency Exchange in the UK
Coinbase is a publican company and exchange based in San Francisco, US. The platform offers a trading environment that is recognised to be helpful to beginners, as well as the chance to buy Shiba Inu UK.
How to buy Shiba Inu Coins with Coinbase? Easy. The process is the same as with eToro. You set up an account, get verified, fund your account with GBP and use those funds to buy. You can store your SHIB with Coinbase. Or transfer it to your free Coinbase wallet. What Coinbase, though, won’t let you do is to deposit funds with PayPal; stick with eToro if PayPal is your preference, perhaps.
Coinbase has 73m+ verified users and a big public profile. In 2021, it was the first crypto exchange to go public on the stock markets (NASDAQ). You can trade Coinbase stock under its ticker COIN with eToro. What customers are often drawn with Coinbase is its famous security measure of keeping 98% of client funds in ‘cold’ storage: ie. mostly offline, away from the threat of cyber-theft. What customers do not like is Coinbase’s complex fee system, which combines flat fees as well as commissions. Watch out in particular for 3.99% commission on credit card transactions. Coinbase says they will be sorting out their fee structure.
Coinbase offers 151 crypto for trading. And it also keeps a list of most coins available on the internet. Coinbase reveals that there are over a hundred Shiba Inu spin-off coins, including King Shiba, ShibaDoge and Shiba Samurai. To buy these minor coins, you will have to track them down on other exchanges.
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Why Invest In Shiba Inu (SHIB)?
When contemplating how to invest in Shiba Inu, some of the factors to consider include your investment goals, financial standing, and risk appetite. But more importantly, you should have a tangible reason for investing in Shiba Inu.
In this regard, thorough market research is necessary to gain insight into the future projections of the coin. To guide you through this phase, we have considered some important factors that will help your research.
Shiba Inu Has Projects That Could Impact The Token’s Value
When you’re investing in Shiba Inu, your goal is to make a profit. A common factor many people consider when investing in a token is whether the protocol has projects that could add to the coin’s long-term value.
This is where Shiba Inu distinguishes itself among other meme coins. The team behind the token has announced the project’s decentralized exchange (DEX) called ShibaSwap.
If the DEX meets its expectations, it could draw more attention to Shiba Inu, improving the token’s value over time. Although launching a DEX is not novel in the cryptocurrency space, it’s an avenue to improve Shiba Inu’s credibility, making investors see it as more than just a meme token.
Therefore, if you believe Shiba Inu is currently undervalued and might witness a price increase soon, you might want to invest in the token so that you can make a profit when the market eventually reacts to this.
Shiba Inu Allows You to Earn Passively
With ShibaSwap, investors can make passive returns by providing liquidity to the DEX. This is made possible through a feature called ‘Dig.’ Therefore, when you provide liquidity to the DEX, you get BONES in return.
- Furthermore, there are numerous liquidity pools available for you to stake your token on the DEX.
- When you stake any of SHIB, LEASH, and BONE in these pools, you stand to gain impressive returns, although 66% of it will remain locked for six months to prevent users from selling off a large portion of their assets.
- Therefore, since ShibaSwap brings about new ways to utilize the token, this could cause a positive market movement.
Additionally, although Dogecoin still has a larger market capitalization, Shiba Inu is gradually establishing dominance by extending its functionality.
For instance, while Dogecoin is not compatible with smart contracts, this is not the case with Shiba Inu. This is because the latter leverages smart contracts on the Ethereum network, which adds to the coin’s appeal in the market.
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Shiba Inu Has Technical and Corporate Backup
The anonymous founder of Shiba Inu launched the token on the Ethereum blockchain. This brought the token within the category of growing ERC-20 tokens, adding another layer of credibility to the coin.
More importantly, ever since its launch, the team behind the token has worked on different projects such as the aforementioned DEX. The team continues to expand the token’s use cases so that it can be viewed in the market as more than just a meme coin.
- Additionally, Shiba Inu also enjoys impressive corporate support.
- Many big names in the cryptocurrency market have lent their support to the token, increasing its popularity far more than was expected.
- Before being listed by notable exchanges such as eToro, Binance, and Coinbase, the most significant publicity Shiba Inu got was from Vitalik Buterin’s donation of 20% of his holdings to charity.
Consequently, technical and corporate support of this nature impacts the market value and appeal of the token. This might be a meaningful factor to consider when you want to invest in Shiba Inu.
Best Ways To Buy Shiba Inu (SHIB) in the UK
As you can imagine, a huge financial market like that of cryptocurrency will have different ways for you to buy and sell digital tokens. Therefore, we have discussed some other ways for you to buy Shiba Inu.
Buy Shiba Inu with a Debit Card
Using a debit card is perhaps the quickest method to buy Shiba Inu. All you have to do is to determine the number of Shiba Inu tokens you’re buying and enter the details of your debit card to complete the purchase.
In the same manner, when you’re ready to cash out your money, the broker will transfer it back to your debit card.
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Virtual currencies are highly volatile. Your capital is at risk
Buy Shiba Inu with a Credit Card
You can also use a credit card for buying the best altcoin, Shiba Inu. This works in a similar manner to using a debit card and is supported by numerous brokers such as eToro. The only downside, however, is that you might incur a cash advance fee of 3-5% when using a credit card to invest in crypto.
Therefore, you might want to check with your credit card provider to see if such a fee is charged.
Buy Shiba Inu Using Paypal
Paypal is one of the most popular e-wallets through which you can buy Shiba Inu. This option is used by many people looking to buy cryptocurrency tokens.
All you need to do here is to choose Paypal as your payment method and input the amount of Shiba Inu you’re looking to buy. Paypal is supported by top-rated broker eToro.
Shiba Inu ATM
Many people are not familiar with this method for buying cryptocurrency tokens. Interestingly, there are thousands of cryptocurrency ATM locations across this world. With these ATMs, instead of a card, you have to put in cash to buy your tokens.
Following a successful purchase, you can then transfer the tokens to a private wallet. Notably, however, you might not find Shiba Inu as a listed token that you can buy through an ATM – as it is still a new crypto project.
With that said, this might be a good thing – since our research shows that these ATMs tend to have high service fees.
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Virtual currencies are highly volatile. Your capital is at risk
How to Buy Shiba Inu Coin UK – Tutorial
In deciding how to buy Shiba Inu crypto, you will want a vendor that makes things simple and safe for you. You will need to take 5 steps in all, beginning with choosing where to buy Shiba Inu Coin in the UK.
1. Choose an Exchange to Buy Shiba Inu Coin UK
You need to decide which is the best place to buy Shiba Inu Coin online. Broker or exchange? You can buy crypto in such small portions nowadays that you can do both. We use global broker eToro as an example to show you how easy it is to buy Shiba Inu coins in the UK.
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2. Sign up
You can get started in seconds by signing in with Facebook or Google. Otherwise, fill in some personal details. Then answer some simple questions on investing.
3. Verify your ID
Get ready for the second part of Know Your Customer: supply two scans of ID. You will need proof of who you are as well as proof of where you live. For quickest verification, use a scan of your valid passport.
Once verified, you will receive a notification email from eToro.
4. Deposit Funds
Log into your eToro account. Press the ‘Deposit Funds’ button at the bottom left of your screen. You can deposit in up to 15 different currencies. No fee applies apart from a currency conversion fee of 0.5% for GBP deposits (eToro accounts run in USD).
You can use PayPal to deposit funds, credit/debit card, bank transfer as well as a range of payment providers like Neteller, Skrill, and Rapid Transfer.
5. Buy Shiba Inu UK
Find Shiba Inu Coin UK by entering ‘Shiba’ in the top toolbar in your eToro account.
To access the Shiba Inu homepage on eToro, press the Shiba Inu logo highlighted in blue. Here you can access your newsfeed, stats and research on SHIB as well as powerful charting options. Or to press on, click the blue ‘Trade’ button on the right.
You can buy Shiba Inu Coin UK with a minimum investment of $10 with eToro. Enter the amount you want to spend. Press the ‘Open Trade’ button to execute your trade. You will receive SHIB in seconds. An on screen notification will pop up to confirm your trade is done. You can review your SHIB in your eToro portfolio.
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Virtual currencies are highly volatile. Your capital is at risk
Different strategies To Trade SHIB In The UK
Now that you have Shiba Inu tokens in your account, you need to research the different trading strategies available. You can trade SHIB tokens in the following ways:
1. Day Trading Shiba Coins
Day trading is a popular strategy for investors who want to benefit from the price volatility of cryptocurrencies. Because of this volatility, the price of Shiba Inu can change several times a day. Therefore, you can choose to buy low and sell later in the day when the price spikes.
However, day trading is a preferable option by expert traders because it requires you to keep checking the price movements. Moreover, if you trade without making any substantial office, you could end up draining your account because of the trading fees charged by exchanges.
2. Buy And Trade Shiba Inu CFD Through Trading Platform
The other trading strategy is CFDs. Like day trading, this one is also not preferable for new traders. However, CFD is an ideal way of trading tokens that you do not actually have!
When you buy a CFD, you do not actually own SHIB, but you are making a bet on the price movement. For example, you get to make money if you make a long “Buy” position, and SHIB’s prices rise.
CFDs also come with leverage, adding to their perks. If you invest $100, you can create a large position as if you are trading with $1000, and the profits you make will come from the large position because of the leverage.
3. Long-term SHIB Investing
Last but now least, we have long-term investing. Long-term investing is when you buy Shiba Inu tokens and store them in a crypto wallet. You can leave your assets in the wallet for several months or years before selling after prices have gone up.
Long-term investing is good for beginner traders, but it can also be risky. Therefore, ensure you are making a long-term trade on a well-established token.
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Virtual currencies are highly volatile. Your capital is at risk
How To Buy Shiba Inu (SHIB) – The Verdict
In summary, we’ve covered all the important elements of buying Shiba Inu in the UK. We’ve discussed how to choose a broker, the orders with which you can enter the market, and anything else relevant to a successful purchase of Shiba Inu tokens.
Essentially, in this How to Buy Shiba Inu UK Guide, you have all you need to get started with making profits from this exciting crypto asset. To complete the purchase right now – choose a broker like eToro for a cost-effective and secure way to buy Shiba Inu in under 10 minutes!
FAQs
What is the best place to buy Shiba Inu Coin?
The best place to buy Shiba Inu in the UK is eToro because it is FCA-regulated, offers tight spreads, low fees, a fully-fledged crypto wallet, and supports copy trading and 50 popular cryptocurrencies.
Where can I buy Shiba Inu Coin in the UK?
Because the crypto sector is global, you can buy SHIB with any broker or exchange that you can access from the UK. It is not illegal to buy Shiba Inu from the UK, but currently regulations mean that you cannot go short on crypto or use any other form of crypto derivative.
Is it easy to buy Shiba Inu?
Buying Shiba Inu is easy and straightforward because there are different brokers for you to use. However, choosing a regulated broker offers you several advantages such as security and cost-effectiveness.
What is The Cheapest Place To Buy Shiba Inu UK?
The cheapest place to buy Shiba Inu coins in the UK is from eToro. Their zero depositing fees across bank transfers, credit/debit cards, and online wallets make them the fastest and cheapest way to buy SHIB.
Which is the safest method to buy Shiba Inu?
Although there are numerous ways to buy Shiba Inu, you must prioritize safety. Therefore, you should consider a broker that’s regulated and licensed by leading bodies such as the FCA. eToro is a great option in this regard.
Can I invest in Shiba Inu for only $100?
Yes, this is possible. Many brokers will allow you to buy Shiba Inu for $100 or even less. However, it’s important to consider the broker’s minimum deposit, as you cannot buy Shiba Inu if you haven’t met that requirement.
Is it risky to buy Shiba Inu?
When it comes to money and financial issues, the risk is constant. Therefore, buying Shiba Inu comes with its risk. However, you can hedge these risks by adopting some effective strategies like regular purchases at small amounts, doing research, and staying updated with the markets.
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Virtual currencies are highly volatile. Your capital is at risk