Shiba Inu coin became one of the trending digital currencies in 2021 due to different reasons. It is now among the top 10 and many investors would like to know where to buy Shiba Inu coin. There are several exchanges that are currently supporting SHIB and that would let you get access to this virtual currency.
You should search for an exchange that is available in your region, that has low fees and that also offers other crypto-related services. If you want to know where to buy Shiba Inu coin, then this is the right guide for you.
What is Shiba Inu?
If you are new to the cryptocurrency market or you are just surprised about the massive price expansion of Shiba Inu, then you should know what Shiba Inu is. This is a virtual currency that was created as a meme coin in a similar way to how Dogecoin (DOGE) did it.
According to the official site of this virtual currency, Shiba Inu is a decentralized meme token that became a fast-growing and vibrant ecosystem. Indeed, the Shiba Inu ecosystem includes other tokens: LEASH and BONE. Moreover, the team behind the Shiba Inu project created an innovative decentralized exchange called ShibaSwap.
The virtual currency was released to the market in a different way. They have created a token with a 1 quadrillion supply that was 50% locked on Uniswap and 50% burned by sending the coins to Vitalik Buterin, the co-founder of Ethereum (ETH).
One of the interesting things about sending 50% of the total supply to Vitalik Buterin was related to the fact that he decided to make the largest donation in history. He gave 10% of the total SHIB supply to help reverse the devastating spread of Covid-19 in India.
This was the beginning of one of the most controversial virtual currencies in the market. The token works with a different number of incentives for users to hold and use the coins on ShibaSwap and other initiatives. If you want to know where to buy Shiba Inu coin, there are several exchanges available, and one of them is Shiba Swap.
As we mentioned before, the team behind Shiba Inu created other virtual currencies. LEASH is another token with a total supply of 107,646 coins that would also be incentivized to play a key role in the Shiba ecosystem. Finally, the BONE token would work as a governance token for the community to vote on different upcoming proposals on the Doggy DAO.
This is how Shiba Inu started and the reason why many users want to know where to buy Shiba Inu coin.
Shiba Inu in the Cryptocurrency Market
Shiba Inu had a massive expansion in the cryptocurrency market over the last weeks and months. The virtual currency massively surged and became one of the largest digital assets in the market. Indeed, it was even able to surpass Dogecoin, the digital asset that inspired Shiba Inu.
After being released in August 2020, this virtual currency massively expanded. However, its expansion took place in two main phases. Basically, since it was released and until January 2021, the coin was in a bear trend and it looked like any other ICO token that could disappear in just a few months.
Things changed in April 2021 then the virtual currency skyrocketed for the first time from $0.000000057 to $0.00000400. This represented a price increase of over 6,300% in just days. But this was just the beginning for SHIB as it then surged to $0.0000376 per coin. This happened in May when Bitcoin was close to an all-time high of $64,500.
There was a consolidation period from May until October when Shiba Inu’s price remained stable. Indeed, when we compare its price to Bitcoin and Ethereum, we also see that it followed the same trend as the two largest cryptocurrencies in the world.
The latest bull run took place just a few days ago. Shiba Inu skyrocketed and surpassed Dogecoin for the first time. SHIB hit an all-time high of over $0.000086 and it is now close to this level. This shows that there has been a large interest from investors from all over the world in owning and having access to this digital asset.
Due to this massive price increase in such a short period of time, investors would like to know where to buy Shiba Inu coin. In the next sections, we share all the details about the most popular cryptocurrency exchanges that would let you buy SHIB.
Where to buy Shiba Inu Coin?
It is now time to know where to buy Shiba Inu coin in US and other countries. The easiest way to get access to Shiba Inu is through crypto exchanges. These are the best option if you want to buy and sell virtual currencies as they are easy to use and they are available in most jurisdictions.
There is no perfect platform to purchase this virtual currency. Everything will depend on your needs and the crypto exchange that offers the services you are looking for.
Binance is one of the largest crypto exchanges in the world. It was released in 2017 and it fastly became one of the best exchanges for investors to trade and handle virtual currencies. The reason for this expansion was related to the fact that Binance was offering not only the largest virtual currencies to investors but also some ICO tokens.
In this way, Binance became one of the most popular exchanges to trade virtual currencies and handle digital assets. If you want to search for “Shiba Inu coin where to buy” then Binance could be one of the best platforms.
This exchange would let you buy and sell digital currencies with fiat money (using debit and credit cards). Moreover, you can also send wire transfers to this exchange, which makes it very comfortable for investors that want to get access to the cryptocurrency market.
Moreover, Binance is also offering other services that could be very useful for long-term crypto holders. For example, users can easily stake their coins and also earn rewards on their digital currencies thanks to Binance Earn. In the future, this crypto platform could offer new and unique services to users that want to know where to buy Shiba Inu coins.
Coinbase is another popular and large cryptocurrency exchange that is offering users the possibility to buy and sell Shiba Inu. If you have seen Shiba Inu coin price and you want to know where to buy it, Coinbase could be the right answer.
This cryptocurrency exchange located in the United States is among the oldest in the space as it has been operating for several years. Moreover, the company is not only supporting Bitcoin and other large virtual currencies, but it is allowing users to trade a wide range of digital assets.
The platform makes it very easy for users to buy and sell digital currencies thanks to its friendly user interface. Additionally, this is one of the most secure platforms in the cryptocurrency market. The exchange has never reported a hack and they have always been timely paying users withdrawals.
For beginners, Coinbase would be a great platform. It also has added the possibility for users to buy virtual currencies using debit and credit cards. Moreover, thanks to an integration with PayPal, investors are also able to send their funds to Coinbase and purchase a wide range of virtual currencies.
Huobi global could be considered a safe cryptocurrency exchange used by investors from all over the world to buy and sell virtual currencies. Thanks to its large number of digital currencies, this platform became one of the best for traders to execute their trading strategies.
Users that want to know where to buy Shiba Inu coin could open an account on the Huobi Global platform and get access to this virtual currency. Huobi Global has now just one trading pair available for Shiba Inu: SHIB/USDT. That means that you can buy this meme coin using USDT, the largest stablecoin in the world.
It is also worth taking into consideration that this exchange has been operating in the cryptocurrency market for more than six years, which shows that they have a clear knowledge of the crypto market and how blockchain technology works. Furthermore, if you want to have active customer support, then this platform could be the best for you to buy Shiba Inu.
KuCoin is also among the best trading platforms for users that want to get access to Shiba Inu. This crypto exchange has also been operating for many years now and it has been one of the main competitors to Binance.
KuCoin was a cryptocurrency exchange that preferred to avoid requesting users’ private information to be compliant with regulations. This is because they decided to take a more flexible approach on how to handle KYC processes.
Nowadays, KuCoin has become an excellent option for investors that want to buy Shiba Inu and get access to one of the fastest-growing virtual currencies in the market. KuCoin, in a similar way to Huobi Global, is currently offering just one trading pair: SHIB/USDT.
Moreover, KuCoin has added support to different payment methods. In this way, users can purchase Shiba Inu and other virtual currencies in just a few clicks and without having to be worried about not having an available payment method.
Poloniex is another cryptocurrency exchange that is offering users access to Shiba Inu. This exchange is one of the oldest in the market and it has been offering users a wide range of digital assets. When crypto exchanges focused just on Bitcoin, Litecoin and Ethereum, Poloniex offered a wide range of tokens for traders to buy and sell.
Poloniex has only one trading pair for SHIB: SHIB/USDT. In this way, investors are able to use Tether to get access to this fast-growing virtual currency. Poloniex has also added a wide range of payment methods for users to get access to virtual currencies.
Nowadays, Poloniex is one of the best exchanges to buy and sell virtual currencies, including Shiba Inu.
Uniswap is a different crypto exchange. This is a decentralized platform that lets users buy and sell digital currencies through swaps and liquidity pools. Rather than relying on order books, Uniswap works with liquid pools that reward users that provide liquidity to them.
This is one of the most innovative solutions offered by the decentralized finance market in recent years. The positive thing about Uniswap is that users would be able to purchase Shiba Inu using a wide range of digital currencies.
The trading pairs are the following: SHIB/WETH, SHIB/KISHU, SHIB/USDT, LEASH/SHIB, AKITA/SHIB, ELON/SHIB, SHIB/ETH, and many others. Basically, many other coins could be used to purchase Shiba Inu on the Uniswap platform.
If you want to know where to buy Shiba Inu, then Uniswap is one of the best platforms. However, this might not be the best option for newcomers or investors that want to use fiat currencies to purchase Shiba Inu.
How to Store Shiba Inu?
Shiba Inu is an ERC-20 token that runs on the Ethereum network. That means that as long as you have an Ethereum wallet address, you would be able to receive other ERC-20 tokens.
If you are a long-term holder, then you should use a hardware wallet such as Trezor or Ledger Nano. These are some of the most useful wallets to store digital currencies for a long period of time as they hold your private keys in cold storage (not connected to the internet).
Instead, if you are a Shiba Inu user that wants to engage with different protocols, use the coins to participate in different activities, then a normal software wallet would be the best option. A software wallet would let you send and receive SHIB and it would also be a great option if you want to manage your funds with ease.
Most investors hold two virtual currency wallets: one to send and receive funds (usually a software wallet) and another one to hold funds for a longer period (hardware wallet). Take into consideration that hardware wallets are paid devices that you would have to purchase rather than downloading them for free.