Looking For A Platform to Buy SHIB? Here Are Your Choices
2022-02-24 10:08:57
What Platform Can I Buy Shiba Inu Coin
Featuring the Shiba Inu—a Japanese breed of hunting dog—as its mascot, Shiba Inu coin is widely considered to be an alternative to Dogecoin. SHIB was created in August 2020 by an anonymous individual or group called Ryoshi, after its launch, the price of SHIB stayed mostly flat until Elon Musk started to spread his “Musk Effect” to this meme coin with a series of tweets.
Shiba Inu coin price soared more than tenfold in October 2021 after 5 months of hype and accumulation which began from early May, placing it in the Top 10 of all cryptocurrencies. Without a doubt, it attracted a great deal of interest from traders and garnered considerable media attention. More and more crypto investors started to search for the platforms to buy Shiba Inu coin with the hope to ride the next doggy-themed wave. Are you also considering joining the SHIB Army?
Where to Buy Shiba Inu Coin (SHIB)?
1. Decentralized Exchanges (DEXs)
While it shares many similarities with DOGE, SHIB sets out to provide substantially more utility for its holders. First of all, the project launched its own decentralized exchange (DEX)-ShibaSwap in July, 2021. DEXs are great for coins like Shiba, which is essentially an Ethereum-based ERC-20 token, since they support almost every Ethereum-based asset.
If you choose ShibaSwap, there are two tips worth mentioning: first, in order to start using the platform, you need to set up one a wallet of the following three compatible crypto wallet services: Metamask, WalletConnect and Coinbase Wallet. Second, you’ll need to fund your wallet with an amount of ETH to cover transaction fees and to convert into SHIB.
Besides ShibaSwap, the native DEX of the Shiba Inu coin project, there is another choice-Uniswap, a popular automated ethereum-based DEX, where you can easily buy SHIB as well.
2. Centralized Exchanges
Being one of the hottest traded cryptocurrencies and the most viewed cryptocurrency in 2021 on CoinMarketCap, Shiba Inu coin is widely available on most leading centralized cryptocurrency exchanges. OKEx was the first major exchange to support SHIB following an incredible demand from users; they added this coin on May 8, 2021 with withdrawals available two days later.
According to crypto data aggregator CoinRanking, Shib Inu coin is now listed in 68 exchanges, these include: Binance, KuCoin, Coinbase Pro, Huobi Global, FTX, Gemini and Gate.io. All of the mentioned exchanges have detailed tutorials on the process for signing up and KYC, which makes it relatively straightforward to buy SHIB.
3. Mobile Devices
It is reported that Millennials are accustomed to using mobile phones to buy stocks and other securities, and according to the latest CNBC Millionaire Survey released in December, 2021, 83% of millennial millionaires own cryptocurrencies and plan to buy more. As a result, buying Shiba Inu coins through apps is also an essential option.
The steps and requirements for buying SHIB on mobile devices are similar to that of using a centralized exchange. At present, you can purchase Shib coins on APPs like Crypto.com and eToro.
While it is incredibly convenient to buy Shib coins on your phone, there is one downside you have to deal with carefully. In case you lose your phone or it gets stolen, you have to make sure you’ve saved your password and the seed/recovery phrase somewhere safe. Once you want to move your existing account onto a new smartphone, you’ll absolutely need both.
Featuring the Shiba Inu—a Japanese breed of hunting dog—as its mascot, Shiba Inu coin is widely considered to be an alternative to Dogecoin. SHIB was created in August 2020 by an anonymous individual or group called Ryoshi, after its launch, the price of SHIB stayed mostly flat until Elon Musk started to spread his “Musk Effect” to this meme coin with a series of tweets.
Shiba Inu coin price soared more than tenfold in October 2021 after 5 months of hype and accumulation which began from early May, placing it in the Top 10 of all cryptocurrencies. Without a doubt, it attracted a great deal of interest from traders and garnered considerable media attention. More and more crypto investors started to search for the platforms to buy Shiba Inu coin with the hope to ride the next doggy-themed wave. Are you also considering joining the SHIB Army?
Where to Buy Shiba Inu Coin (SHIB)?
1. Decentralized Exchanges (DEXs)
While it shares many similarities with DOGE, SHIB sets out to provide substantially more utility for its holders. First of all, the project launched its own decentralized exchange (DEX)-ShibaSwap in July, 2021. DEXs are great for coins like Shiba, which is essentially an Ethereum-based ERC-20 token, since they support almost every Ethereum-based asset.
If you choose ShibaSwap, there are two tips worth mentioning: first, in order to start using the platform, you need to set up one a wallet of the following three compatible crypto wallet services: Metamask, WalletConnect and Coinbase Wallet. Second, you’ll need to fund your wallet with an amount of ETH to cover transaction fees and to convert into SHIB.
Besides ShibaSwap, the native DEX of the Shiba Inu coin project, there is another choice-Uniswap, a popular automated ethereum-based DEX, where you can easily buy SHIB as well.
2. Centralized Exchanges
Being one of the hottest traded cryptocurrencies and the most viewed cryptocurrency in 2021 on CoinMarketCap, Shiba Inu coin is widely available on most leading centralized cryptocurrency exchanges. OKEx was the first major exchange to support SHIB following an incredible demand from users; they added this coin on May 8, 2021 with withdrawals available two days later.
According to crypto data aggregator CoinRanking, Shib Inu coin is now listed in 68 exchanges, these include: Binance, KuCoin, Coinbase Pro, Huobi Global, FTX, Gemini and Gate.io. All of the mentioned exchanges have detailed tutorials on the process for signing up and KYC, which makes it relatively straightforward to buy SHIB.
3. Mobile Devices
It is reported that Millennials are accustomed to using mobile phones to buy stocks and other securities, and according to the latest CNBC Millionaire Survey released in December, 2021, 83% of millennial millionaires own cryptocurrencies and plan to buy more. As a result, buying Shiba Inu coins through apps is also an essential option.
The steps and requirements for buying SHIB on mobile devices are similar to that of using a centralized exchange. At present, you can purchase Shib coins on APPs like Crypto.com and eToro.
While it is incredibly convenient to buy Shib coins on your phone, there is one downside you have to deal with carefully. In case you lose your phone or it gets stolen, you have to make sure you’ve saved your password and the seed/recovery phrase somewhere safe. Once you want to move your existing account onto a new smartphone, you’ll absolutely need both.
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