How you can buy the popular meme coin, Shiba Inu Coin

Assuming that you have already done your research to buy Shiba Inu (SHIB), here, we will tell you how you can get it and add it to your crypto profile or for any means. Still, before moving on to the step-by-step process, let’s take an overview of ‘dogecoin killer’ Shiba Inu Coin.

Shiba Inu Coin origin and journey till the date

The official website of Shiba Inu mentioned that SHIB is a ‘Dogecoin killer’. The clarification is enough to understand their mission as they mean it and work for it. For those who don’t know, Dogecoin itself is another popular meme coin and has more market cap than Shiba Inu.

Shiba Inu has adopted some ferocious marketing techniques to place itself in the crypto space. From sending SHIB tokens in bulk to famous and influential personalities like Ethereum co-founder Vitalik Buterin to advertising at premium places worldwide. Those efforts ultimately resulted, and gradually, SHIB token holders have made one of the biggest crypto communities named SHIB army.

Why you would prefer to buy SHIB tokens

AS MENTIONED ALREADY, the SHIB token acts as a payment medium and governance token in the Shiba Inu community, which is one of the most significant crypto communities. SHIB token holders automatically become part of the community and vote to bring changes in the project, plans, and directions for Shiba Inu.

The price of the Shiba Inu coin, the SHIB token, has seen tremendous growth in the past, and many early investors have ended up making huge profits out of it. Every event takes place either its listing in some big exchange or burning its SHIB tokens, its price experiencing an upsurge.

For instance, last year, on May 10 world’s biggest crypto exchange Binance added Shiba Inu on their platform. The price on May 9 was $0.000014, which after the listing made the growth of almost 164% just in a day and made a then all-time high of $0.000037.

SHIB token price has seen insane growth in its price which was at lowest of $0.000000000082 in Sep 2020, which went up to $0.00008845 in Oct 2021 made an all-time high. Currently, Shiba Inu is trading at $0.00002349 at the time of writing and holds the 14th biggest cryptocurrency according to market capitalization in the global crypto market.

ALSO READ – Trend Of Accumulating Meme-coins Including Shiba Inu (SHIB) Going On Among Ethereum Whales

Do this to buy Shiba Inu coin (SHIB)

Now that you have understood the potential and come to know its worth, you can consider the following process: you are all set to get SHIB tokens for yourself.

Choose an exchange and add an account

After making up your mind to get SHIB tokens, you need to search for a suitable and reliable cryptocurrency exchange, and it’s also important that Shiba Inu is listed on the platform. There are many options available in the market to choose from, including Binance, Coinbase, KuCoin, Gate.io, FTX, Kraken, and so many others that support SHIB tokens to buy. When selecting an account, consider factors like trading fees, security, usability, availability in your region, etc.

Next step after choosing the exchange platform of your choice you need to open your account. The process may vary for different exchanges, but more or less, it’s all the same. The account would need to sign up by providing personal information and identification.

Buy SHIB how much you want

After signing up for an account on the exchange, you now need to add payment options, either bank account, credit, or debit card, whatever your exchange has to offer, and what is suitable for you.

Now you are all set to buy SHIB tokens according to your appetite. Please choose the number of SHIB tokens you want and pay for it or put the amount worth of SHIB you want. However, you would have to check if your exchange supports trading or investing directly via fiat currency like US dollars.

Keep your Shiba Inu Coins (SHIB)

Now your account will start showing the amount of SHIB tokens you have. You can choose to keep the tokens in your exchange account or transfer them to an outer crypto wallet. It’s totally up to you, although it adds extra security to your holding.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing