You’ll be able to do so once the latter’s KYC process is finished, which can take anywhere from 30 minutes to several days. Next, you need to transfer your Bitcoins from the original exchange to the new one. ![]() Step 4: Transfer Bitcoins to the altcoin exchange Select an altcoin exchange that allows buying Shiba Inu coins (Binance, Gate.io, MXC, Huobi, BitForex, BitMart, HotBit, Poloniex, KuCoin, OKEx, ProBit, etc.) Go through the similar registration process as you have done before in step 1, set up 2FA authentication, and go through all stages that the exchange requires. Finally, click the Trade button, choose Bitcoin (BTC), and confirm the transaction. The former option is faster but more expensive, the latter - slower and cheaper. Once you finish the Know-Your-Customer (KYC) process, add a payment method - either a credit / debit card or bank transfer. Both have their own features and fee policies, so try them both and pick the one that suits you best. Two of the most popular fiat-to-crypto exchanges are Coinbase and. Step 1: Register on a fiat-to-cryptocurrency exchangeĪs we’ve said, first you want to buy Bitcoin or another major cryptocurrency. Here’s a step-by-step guide on how to buy Shiba Inu crypto. The only way to do so is to first get yourself some Bitcoins or other major crypto from a fiat-to-crypto exchange, transfer them to the exchange that sells Shiba Inu, and then exchange them for SHIB. One thing to keep in mind about buying Shiba Inu coins is that SHIB can’t be purchased with fiats money, not directly anyway. The founders of this crypto have also started an Amazon Smile campaign to gather donations for the rescue of Shiba Inu dogs in partnership with the Shiba Inu Rescue Association. This is supposed to bring the community of Shiba Inu into the NFT market. The coin’s website invites artists from all over the world to get inspired by the mascot dog and run the “artistic Shiba movement”. It bears asking the question, then, what sets Shiba Inu apart from the competitors? We’ve already mentioned the technical distinction - it’s an Ethereum-based cryptocurrency. These tokens attract investors with their lesser value and the potential of repeating the Dogecoin’ pump from 0.0002 to nearly 0.75 USD. Since the OG dog-themed cryptocurrency became popular, it’s inspired a swarm of others - Baby Dogecoin (BabyDoge), JINDO INU (JIND), Alaskan Malamute Token (LASM), and Alaska Inu (LAS), and so Shiba Inu (SHIB) is the latest contender. Investors were attracted by the cute mascot and the attention from both headlines and personalities like Elon Musk. The meme coin gained momentum quite quickly, with its value growing rapidly. The Shiba Inu coin was first introduced in August 2020 by an anonymous creator. They're using their own decentralized exchange ShibaSwap to list it on. The Shiba Inu crypto is essentially the Ethereum-based counterpart to the Srypt-based mining algorithm of Dogecoin.Īccording to their website, the Shiba Inu coin aims to become the “Dogecoin killer”. Well, so far it looks like their trust in the little doge may be validated. Now, the founders of the Shiba Inu coin hope that the dog will do the same for their new cryptocurrency. ![]() First, the dog called Shiba Inu was used to attract millions of investors to Dogecoin (oh, the power of memes).
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