Easy way to buy Shiba Inu coin
Shiba Inu coin is a cryptocurrency that is an alternative to Dogecoin. It was created in August 2020 by an anonymous person, Ryoshi. Shiba Inu is now on the rising, and it is recommended that you start selling it if you already have purchased the currency.
But, if you are looking for ways to purchase Shiba Inu coins, then you need to make sure that you continue reading. This is everything you need to know about cryptocurrency and find some easy ways to buy the Inu coin.
Shiba Inu coin explained
Dogecoin was one of the best and most successful Ethereum-based cryptocurrencies during 2020. And, because this cryptocurrency was successful, other people try creating other currencies.
- This is where Shiba Inu comes in.
- The Shiba Inu is a self-proclaimed Doge-killer.
- Meaning that they are going to overpower Dogecoin and make more profit.
In August 2020 a mysterious founder, called Ryoshi created the Shiba Inu coin. The price of the Shiba Inu remains low because the coins are still new.
Facts about Shiba Inu
Before you start buying Shiba Inu coins, you need to know a couple of facts first. This is to understand why this is a currency that you should consider investing in.
- Shiba Inu is also known as SHIB. It has been intentionally designed in large quantities.
- When the coin was launched, it had a supply of 1 quadrillion supply. Half of this was locked in Uniswap, while the other half has gone to Ethereum co-founder Vitalik Buterin for keeping it safe.
- During May, he donated and burned his holdings, tanking the price of the coin.
Guide in buying Shiba Inu Coins
Buying Shiba Inu coins isn’t hard at all. If you have purchased cryptocurrency before, you will know how to buy the Shiba coins as well. These are the steps in how to purchase the Shiba Inu cryptocurrency legally.
1. Finding a crypto exchange that has Shiba Inu currency listed
This might be the hardest part of buying Shiba coins. Find a crypto exchange that has this cryptocurrency listed. This is still a new currency, and even if it’s popular, it is still hard to find. With the right research, you will be able to find the right exchange store.
2. Create an account with the Exchange
If you don’t already have an account with the exchange, this is your next step in buying Shiba Inu. Creating an account isn’t complicated and doesn’t take long. You just need to have your personal information ready and also have your bank account details at hand.
3. Verify your identity
Now, that you have created an account, you need to verify your identity. This is to make sure that you are the person you claim to be. In order to verify your identity, you need to have your ID documents ready. If you don’t have your ID document, you can also make use of a passport or your driver’s license. With this at hand, you just follow the instructions.
4. Fund the wallet and make the purchase
When your account has been activated, you will need to fund the wallet. Meaning, that you need to deposit money into your account, so that you can purchase the Shiba Inu coins. The wallet accepts different currencies, so you can buy the coins in your local currency. Just make sure that your currency is listed as a payment option.
Places where you can buy Shiba Inu coin
The last thing that you need to know is exactly where you can buy the Shiba Inu cryptocurrency. It is recommended that you are doing the research before you just choose any exchange for buying and selling your coins. You might find it hard at first. Because there aren’t many places where you can buy this currency, it is hard to find a place that’s legal. These are the places where you can buy the currency without any problems.
- Atomic wallet
As time goes by, you will be able to find more online exchange sites where you can buy and sell coins. The longer it is available on the market, the more places will start to exchange the coins. Buying Shiba Inu coins isn’t hard at all. There are a couple of great places where you can find the currency that you can buy and sell. But, before you start investing in the Shiba coins, you need to get all the necessary information about the currency first. To make sure that you know if this is the right currency for you. We are telling everything as it is. From what the Shiba Inu is, the guide in buying the currency to where to find the currencies that can be exchanged.
Magda Dupont is an experienced writer at kredilife.com, where she’s credited with more than 100 articles covering everything from entrepreneurial stories to how to apply for government grants.
She also oversees the Comment&Questions, which poses important admission questions to experts in the field, and regularly hosts webinars on various aspects of the technical school experience.
Prior to joining kredilife.com, Magda honed her skills as a freelance writer, tackling a wide array of topics from camping to personal loans.
Haley holds a Master’s degree in English Literature from the University of Edinburgh, Scotland.