How and Where to Buy Shiba Inu: A Beginner’s Guide
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If you’re looking to buy Shiba Inu (SHIB), this guide will walk you through everything you need to know. This beginner-friendly resource covers all the basics, from learning how to buy SHIB to finding the best SHIB exchanges.
Shiba Inu, a popular meme coin with a loyal community, has gained attention for its affordability and potential within the crypto space. With multiple exchanges and platforms now offering SHIB, buying and trading this token is easier than ever.
Here, we’ll outline the best options for buying SHIB, including different payment methods and secure wallet storage tips so you can start your SHIB journey with confidence.
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How to Buy Shiba Inu: Summary
The best way to buy Shiba Inu is by using Best Wallet. We have found this wallet incredibly user-friendly with a nice interface and we appreciate the ability to buy, sell, stake and swap assets from directly within a wallet, removing the third-party risk that comes with using an exchange.
If you are someone who prefers using an exchange, eToro, MEXC, and OKX are all solid options. We will go into more detail below along with highlighting the best wallets to store SHIB.
With this info, you’ll be all set to buy SHIB confidently and securely, using the options that work best for you.
Key Highlights
- Learn how and where to buy Shiba Inu, a popular meme coin, with this beginner’s guide.
- Understand the basics of Shiba Inu, including its origin, purpose, and why it has gained popularity in the crypto world.
- Discover the best exchanges to buy Shiba Inu from, whether you prefer centralized exchanges like Binance or eToro or decentralized exchanges like Uniswap.
- Find out how to buy Shiba Inu instantly with a bank transfer or through payment methods like PayPal or using a debit card.
- Gain insights on buying Shiba Inu from both centralized exchanges and decentralized exchanges, along with a step-by-step guide.
- Ensure the safety of your Shiba Inu by storing it in the best decentralized crypto wallets with top security features like Trezor, Zengo, Exodus, or Ledger.
Best Exchanges to Buy Shiba Inu From
Buying Shiba Inu (SHIB) starts with picking the right exchange that fits your needs. The best platforms make it easy, secure, and straightforward to get SHIB, whether you’re just starting out or already familiar with crypto.
Here’s a look at some of the top exchanges where you can buy SHIB and what makes each one a good choice.
Buy Shiba Inu From Best Wallet
Best Wallet is a popular option for people who want to buy and hold Shiba Inu (SHIB) in a secure and user-friendly way.
It works across multiple blockchains, allowing users to manage a variety of cryptocurrencies, including SHIB, in one place.
The wallet’s built-in decentralized exchange (DEX) feature also makes it easy to buy SHIB directly.
The wallet has some unique features, like a rewards system that lets users earn points for transactions, which could eventually lead to token airdrops.
This extra perk makes it appealing to people looking for additional benefits while holding their SHIB tokens.
Best Wallet Key Features
Best Wallet Pros and Cons
Pros: Cons:
Best Wallet is a good option for people who want to buy and hold SHIB and other cryptocurrencies in one place.
The wallet is easy to use and comes with added benefits, like the rewards program and DEX integration.
Although some features are still in development, it’s already a strong choice for SHIB holders looking for a secure, all-in-one wallet solution.
Visit Best WalletBuy Shiba Inu From Etoro
eToro is another established platform for trading Shiba Inu (SHIB) and lots of other assets. It’s easy to use, so whether you’re a beginner or a pro, you’ll find it simple to get started.
One unique feature is its social trading option, which lets you follow and copy the moves of experienced investors—a big help if you’re looking to learn or just want a more hands-off approach.
Plus, eToro offers a variety of assets, from cryptocurrencies to stocks and ETFs, making it easy to diversify your investments.
Etoro Key Features
Etoro Pros and Cons
Pros: Cons:
eToro is an excellent choice to buy and hold Shiba Inu (SHIB) in a user-friendly environment with social trading features.
It’s easy to navigate and has a good variety of assets, making it great for those wanting to diversify. Just keep an eye on withdrawal fees and check if everything you need is available in your region before diving in.
Visit EtoroeToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Buy Shiba Inu from MEXC
MEXC is a global cryptocurrency exchange that makes it easy to trade Shiba Inu (SHIB) along with a huge selection of other digital assets.
With deep liquidity and support for a wide variety of cryptocurrencies, MEXC appeals to both new and seasoned traders.
It offers different trading options, like spot and futures markets, so you can experiment with various trading strategies.
MEXC Key Features
MEXC Pros and Cons
Pros: Cons:
MEXC has a a wide range of cryptocurrencies, deep liquidity, and advanced features for versatile trading, making it a good platform for trading Shiba Inu (SHIB).
The user-friendly design and educational resources make it suitable for traders looking to diversify and try new strategies.
Just keep in mind that some features might not be available everywhere, and you may need a separate platform if you’re dealing in fiat currency.
Visit MEXCBuy Shiba Inu From OKX
OKX is a global exchange that offers a solid suite of tools for buying and managing Shiba Inu (SHIB) alongside hundreds of other cryptocurrencies.
Known for its user-friendly design and stable infrastructure, OKX provides a versatile trading experience, serving both beginners and seasoned traders.
From straightforward spot trading to advanced derivatives, OKX covers a wide range of trading options, making it a convenient choice for anyone looking to dive into SHIB.
OKX Key Features
OKX Pros and Cons
Pros: Cons:
OKX is a fully-featured platform for trading and earning with Shiba Inu (SHIB). With a broad asset selection, competitive fees, and flexible trading options, it’s well-suited for users looking to explore different crypto opportunities in one place.
However, beginners might find the advanced tools challenging at first, and it’s worth keeping withdrawal fees in mind when planning trades.
OKX is a versatile choice for SHIB holders seeking a balance of simplicity and advanced trading capabilities.
Visit OKXBuy Shiba Inu From Binance
Binance has established itself as one of the world’s most popular cryptocurrency exchanges.
It’s packed with features that make buying, trading, and managing Shiba Inu (SHIB) — and thousands of other assets — easy and efficient.
Thanks to its high liquidity and strong security, Binance is a favorite among both beginners and experienced investors.
It also offers a variety of educational tools and market insights to keep you updated on the latest trends and help you make informed decisions.
Binance Key Features
Binance Pros and Cons
Pros: Cons:
Binance is a comprehensive platform for buying, trading, and earning with Shiba Inu (SHIB). With strong security, flexible payment options, and passive earning potential, it’s a robust choice for any crypto enthusiast.
However, new users may find the platform’s wide range of features somewhat complex, and Binance’s regulatory issues could limit its services in specific regions.
Overall, if you’re looking for a versatile option for SHIB and more, Binance is well worth considering.
Visit BinanceBuy Shiba Inu From Margex
Margex is a cryptocurrency trading platform that combines ease of use with advanced features, making it a great choice for both beginners and experienced traders.
With access to a variety of digital assets — including Shiba Inu (SHIB) — Margex also supports margin trading with up to 100x leverage.
Security is a priority here, with Margex’s unique MP Shield system designed to prevent price manipulation and create a fair trading environment.
Margex Key Features
Margex Pros and Cons
Pros: Cons:
Margex is a solid platform for trading Shiba Inu (SHIB), offering high leverage options in a secure and transparent environment.
It’s especially appealing to those interested in margin trading, with clear fees and a user-friendly design.
However, users should be mindful of the limited asset selection and the lack of fiat trading pairs when deciding if Margex is the right fit for their needs.
Visit MargexBuy Shiba Inu From BingX
BingX is a cryptocurrency exchange that offers a straightforward yet feature-rich platform for trading Shiba Inu (SHIB) along with a wide variety of other digital assets.
Known for its deep liquidity and extensive range of supported cryptocurrencies, BingX caters well to both beginners and experienced traders.
With options for spot and futures trading, BingX gives users the flexibility to explore and implement different trading strategies.
BingX Key Features
BingX Pros and Cons
Pros: Cons:
BingX is a user-friendly platform and educational resources make it appealing for traders at any skill level. However, users should note the platform’s focus on crypto trading pairs and the possibility of regional restrictions.
Regardless, BingX provides a well-rounded, accessible experience for those looking to trade SHIB and diversify their crypto holdings.
Visit BingXBest Decentralised Exchanges to buy SHIB From?
Decentralized exchanges (DEXs) allow you to trade directly with other users without intermediaries, giving you greater control over your crypto assets.
For those looking to buy Shiba Inu (SHIB), DEXs are a popular option, often featuring lower fees and improved privacy.
DEX’s like Uniswap for example allow you to swap
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for SHIB, while you will need BNB for others like Pancakeswap.
Here are some DEXs where you can buy SHIB:
- Uniswap: As a leading Ethereum-based DEX, Uniswap offers deep liquidity pools and an intuitive interface, making it a go-to for many crypto traders.
- PancakeSwap: Built on Binance Smart Chain, PancakeSwap is known for lower transaction fees and a broad selection of tokens.
- ShibaSwap: The official DEX of the Shiba Inu ecosystem, ShibaSwap is tailored for trading SHIB and related tokens.
- SushiSwap: Another Ethereum-based DEX, SushiSwap provides a variety of trading pairs and staking opportunities for more options.
Note: When using DEXs, be sure you have a compatible crypto wallet and enough funds for gas fees. Always take time to research your options and proceed with caution for secure cryptocurrency transactions.
Alternative Ways to Buy SHIB Token
If you’re looking for alternative ways to buy the SHIB token, crypto exchanges provide flexible options for purchasing with USD, BTC, and other cryptocurrencies.
On most exchanges, you’ll just need to set up an account with your email and ID for verification, it will depend on your chosen crypto exchange.
Many exchanges also accept payments in local currency via a bank account, allowing for easy and direct transactions, however some don’t accept customers from the United States.
How to Buy Shiba Inu Instantly With a Bank Transfer?
Buying SHIB with a bank transfer is straightforward on most centralized exchanges:
- Choose Your Platform: Pick a CEX that supports SHIB and accepts bank transfers, like Binance or Kraken.
- Set Up an Account: Sign up and complete any necessary identity verification.
- Deposit Funds: Go to the deposit section, select bank transfer, and follow the instructions to transfer funds.
- Buy SHIB: After funds arrive, go to the SHIB trading pair and execute your purchase.
We have a guide on Buying Crypto with Bank Transfers if you want a more in-depth tutorial.
How to Buy Shiba Inu with PayPal – Safest Way to Buy SHIB
To buy SHIB with PayPal, follow these steps:
- Select a Platform: Choose a CEX that accepts PayPal deposits and lists SHIB, such as eToro.
- Register and Verify: Complete your sign-up and verification process.
- Deposit Funds via PayPal: Choose PayPal as your payment method and follow the steps to deposit.
- Buy SHIB: Once your deposit is complete, find the SHIB trading pair and make your purchase.
Buy Shiba Inu Using a Debit Card/Credit Card
To use a debit or credit card for SHIB, here’s how:
- Pick a Platform: Choose a CEX that supports card payments and offers SHIB, like Binance or Coinbase.
- Sign Up and Verify: Set up your account and fulfill any verification steps.
- Add Your Card Details: Enter your card info in the payment section.
- Buy SHIB: Go to the SHIB trading pair, enter your amount, and confirm the purchase.
Check out our guide to the Best Platforms for Buying Crypto with Debit Card if you feel this is the method for you.
Understanding Shiba Inu: The Basics
Shiba Inu (SHIB) started off as a playful “meme coin” but has grown into a whole ecosystem, complete with its own exchange, ShibaSwap.
Thanks to a loyal community and unique features, SHIB is now much more than just a joke token.
Let’s dive into what makes Shiba Inu interesting and why it stands out in the crypto world.
What is Shiba Inu?
Shiba Inu (SHIB) is an
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cryptocurrency, specifically an ERC-20 token, that entered the scene in August 2020 with a lighthearted vibe, inspired by the Shiba Inu dog breed.
Originally launched as a “meme coin,” SHIB has since grown into something more interesting, evolving into a dynamic ecosystem of its own.
Tracking Shiba Inu’s transaction history on the blockchain reveals the scale of its usage and the activity within its community.
It now includes its own decentralized exchange and other unique features that make it more than just a joke. If you want to dig deeper into Shiba Inu’s background and what it offers, check out our Shiba Inu review.
Why Shiba Inu Gained Popularity?
Shiba Inu took off in popularity for a mix of reasons. It rode the wave of meme culture that already had a strong pull in the crypto space, and that playful, community-oriented energy spread quickly on social media.
Shiba Inu’s low price, often just a fraction of a cent, makes it seem more affordable to the average investor and easy for a wide range of investors to buy. Its massive initial supply of one quadrillion tokens also created excitement and ensured plenty of availability in the market.
Plus, a very engaged community, called the “ShibArmy,” pushed SHIB’s message, drawing in more attention and support. Influencers and public figures mentioning SHIB helped too, but for many, it was simply affordable—the low token price made it easy for new investors to jump on board without a big commitment.
Though Shiba Inu is a popular cryptocurrency and we believe it will likely do well in the coming bull market, check out our other choices for the Best Crypto to Buy Now to see what projects we think may outperform Shib.
SHIB’s Tokenomics and its Strong Community
SHIB’s tokenomics—the structure behind its supply and distribution—have a unique story. When SHIB launched, it had a massive total supply of one quadrillion tokens, which sounds overwhelming, but the numbers became a bit more manageable when Vitalik Buterin, co-founder of Ethereum, took 90% of the half-supply initially given to him as a marketing ploy and burned it.
This gesture created a bit of a buzz, setting SHIB apart from other meme coins. The community, known as the ShibArmy, is a core part of SHIB’s growth, with fans driving the project’s evolution and contributing to its development.
Shiba Inu has hit some big price milestones, especially during the 2021 crypto boom, when its value skyrocketed by over 42,000x in just a year.
- Shiba Inu
(SHIB) - Price $0.000029
- Market Cap
$16.89 B
This shows its potential for huge returns, even though it’s known for being highly volatile. Its price history shows both rapid growth and times of pullback.
Top Features of Shiba Inu
Shiba Inu offers more than just SHIB tokens; it has developed a whole ecosystem. ShibaSwap, its decentralized exchange, lets users trade SHIB and other related tokens without needing a central platform.
Then there’s Shibarium, a layer-2 blockchain that aims to reduce transaction fees and make scaling easier. Besides the main SHIB token, the ecosystem includes other tokens like LEASH and BONE, each with its own role.
If you’re into NFTs, Shiba Inu also offers Shiboshis, a unique collection that brings extra engagement to its community.
Pros and Cons of Investing in SHIB
Investing in Shiba Inu comes with some exciting perks but also a few risks. On the positive side, SHIB’s vibrant community and ever-growing ecosystem keep things fresh, and the token is easy to buy, thanks to its high liquidity on major exchanges.
But SHIB is still a volatile asset, and its value relies heavily on community sentiment, making it a bit of a rollercoaster. There’s also the looming question of regulations that could impact the token’s future. So while Shiba Inu’s progress has been fun to watch, it’s wise to keep the risks in mind if you’re thinking of jumping in.
Pros and Cons of Investing in SHIB
Pros:
- Active Community: A dedicated and growing supporter base.
- Evolving Ecosystem: Continuous development of new features and platforms.
- High Liquidity: Widely available on major exchanges, facilitating easy trading.
Cons:
- High Volatility: Subject to significant price fluctuations.
- Speculative Nature: Lacks intrinsic value, relying heavily on community sentiment.
- Regulatory Uncertainty: Potential for future regulations affecting its use and value.
A Beginner’s Guide to Buying Shiba Inu From Centralized Exchanges
In this guide, we’ll walk you through buying Shiba Inu on a centralized exchange.
For this example, we’ll walk through buying SHIB on Margex, which is simple, even if you’re new to crypto.
Here’s a quick guide to get you set up and ready to make your first SHIB purchase.
Step 1: Register and Verify Your Account on Margex
Create an Account:
- Head to the Margex website and hit “Log In” or “Sign Up.”
- Enter your email, create a strong password, accept the terms, and submit.
Complete Verification (if you are signing up):
- After logging in, go to “User Center” > “Identification” > “Verify.”
- Upload your ID (e.g., passport, driver’s license) and wait for approval.
Step 2: Funding Your Margex Account
Deposit Funds:
- Go to “Wallet,” then click “Deposit.”
- Pick your currency (USD, EUR) and a payment method like bank transfer or card.
- Follow the steps to complete your deposit.
Step 3: Placing Your First Order to Buy Shiba Inu
Navigate to Trade:
- Click “Trade” to take you to the trading section.
Select SHIB Pair:
- Select SHIB/USDT) as your trading pair and select USDT as your main trade.
Place an Order:
- Choose a price to buy SHIB or choose “Market Buy”
Here is our video guide showing how to buy SHIB in only two minutes:
Best Decentralized Crypto Wallet to Store Shiba Inu Safely
When it comes to keeping your Shiba Inu (SHIB) secure, choosing a decentralized wallet is a great option for having full control over your assets.
Let’s look at some solid wallet options that each bring something unique to the table.
Best Wallet
Best Wallet is a multi-chain, non-custodial wallet designed with privacy in mind. It doesn’t require KYC verification, so you can manage your assets with full anonymity.
This wallet is completely free to use and supports a wide range of cryptocurrencies, including SHIB, it’s super user-friendly, making it easy to keep track of your holdings. For anyone who values privacy and ease of use, Best Wallet is a solid choice. The built-in DEX aggregator also supports the buying, selling, and swapping of cryptocurrencies from directly within the wallet for ultimate convenience.
Trezor
The Trezor Safe 3 is another high-security option, with an open-source design and a handy touchscreen for easy navigation. It’s compatible with a range of third-party apps and can handle various cryptocurrencies, including SHIB.
While it’s a little pricier, it’s highly transparent and has one of the best reputations in the industry for high security, making it ideal if you want that extra peace of mind. You can find out more in our Trezor Safe 3 Review.
Zengo
Zengo is a unique option with its keyless security model. Instead of relying on private keys, it uses Multi-Party Computational security and biometric authentication, which makes it very user-friendly and great for peace of mind.
Zengo features both a desktop version and mobile, so everything you need is right there on your phone. This free-to-use wallet is worth checking out, and users looking for additional peace of mind can opt in for Zengo Pro. You can learn more about that in our Zengo Review.
Exodus
For those who like a sleek, easy-to-use software wallet, Exodus is worth considering. It’s available on both desktop and mobile, and even has a built-in exchange feature so you can quickly swap assets.
It’s super beginner-friendly, though as a hot wallet (one that’s always connected to the internet), it’s more vulnerable than a hardware wallet. Still, it’s a solid choice for anyone who values ease of use.
Ledger
If you’re after top-notch security, the Ledger Nano X is a hardware wallet that keeps your SHIB safe by storing your private keys offline. It even has Bluetooth, so you can connect it to your phone and manage assets on the go using the Ledger Live app.
Yes, it’s a bit of an investment, but for those who want strong security and convenience, it’s a popular choice.
Tips for Buying Shiba Inu
Thinking about buying Shiba Inu (SHIB)? It can be an exciting addition to your portfolio, but there are a few things to keep in mind to make your investment journey smoother and safer.
Choose a Reputable and Safe Exchange
First, make sure you’re buying SHIB from a trusted exchange. Well-known platforms like Binance, Coinbase, and Kraken are popular choices because they have solid security and user-friendly interfaces.
It’s also worth checking that the exchange supports SHIB trading pairs and meets regulatory standards to keep your transactions secure.
Understand the Risks
Crypto can be a rollercoaster, and meme coins like SHIB can be especially volatile. Prices can swing drastically, so only invest money you’re comfortable potentially losing. Being aware of these risks ahead of time helps you handle market swings without stress.
Secure Your Wallet
Once you’ve bought SHIB, consider moving it to a secure wallet. For the highest level of security, hardware wallets like Ledger Nano X or Trezor Model T are fantastic options because they store your assets offline, out of hackers’ reach.
If a software wallet fits your needs better, make sure it has solid security features, and keep your private keys safe.
Stay Informed
The crypto world is fast-moving, and staying updated on SHIB-related news and trends can be incredibly valuable. Following reputable news sources and engaging with the SHIB community will keep you informed about what’s happening and help you make better decisions.
Diversify your Portfolio
Finally, consider spreading your investment across different cryptocurrencies rather than putting everything into SHIB. Diversifying helps reduce risk and adds stability to your portfolio, so if one asset takes a hit, you’re not completely affected.
By keeping these tips in mind, you’ll be better prepared to buy and manage SHIB with confidence and care.
What is the Future of Shiba Inu – SHIB’s Price Prediction
Shiba Inu (SHIB) has captured a lot of attention in the crypto world, and many are curious about what the future holds for this popular token.
With its strong community and ambitious developments underway, SHIB has potential, but there are also challenges on the horizon.
Is SHIB a Good Investment?
On the positive side, SHIB has a dedicated following and a growing ecosystem. The Shibarium Layer-2 solution, for instance, is aimed at improving scalability and expanding SHIB’s functionality, which could boost demand and value over time.
However, there are concerns as well. SHIB started as a meme coin and has a massive token supply, which could make significant price jumps difficult. Plus, the crypto market is highly competitive, and SHIB will need to keep innovating to stand out. For a deeper dive into SHIB’s potential price movement, check out our Shiba Inu price prediction here.
Can SHIB Outperform Dogecoin in the Long Run?
Both SHIB and Dogecoin (DOGE) began as meme coins, but they’ve taken slightly different paths. SHIB has been adding features like decentralized exchanges and staking, giving it potential utility beyond just trading.
Dogecoin, on the other hand, has the advantage of a longer history and wider recognition, especially with high-profile backers. Whether SHIB can outshine DOGE over time will depend on how both tokens continue to evolve, their community support, and broader trends in the crypto space.
Conclusion
Buying Shiba Inu (SHIB) can be an exciting entry into the world of meme coins with a community that’s constantly growing. We’ve walked through the basics—from picking a trusted exchange to safely storing your SHIB.
With these tips, you’re ready to dive in with confidence! Just remember to stay informed, secure your assets, and consider diversifying your portfolio to keep things balanced.
See Also
Frequently Asked Questions
What makes Shiba Inu valuable?
Can I buy SHIB with a credit card?
When will Shiba Inu reach one cent?
Should I buy Shiba Inu or Dogecoin?
How can I earn with Shiba Inu?
How to store SHIB safely?
Is Shiba Inu worth investing in?
How to sell Shiba Inu tokens?
Is Shiba Inu the best memecoin?
References
Ethereum Foundation. “ERC-20 Token Standard.” ethereum.org, https://ethereum.org/en/developers/docs/standards/tokens/erc-20/.
Shiba Inu Ecosystem. “Unstake Tokens on ShibaSwap.” Shiba Inu Documentation, https://docs.shib.io/docs/shibaswap/tutorials#unstake-tokens-on-shibaswap.
Etherscan. “Shiba Inu Token (SHIB) Contract Address.” etherscan.io, https://etherscan.io/address/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce.
GeeksforGeeks. “Shiba Inu Coin Price.” geeksforgeeks.org, https://www.geeksforgeeks.org/shiba-inu-coin-price/.
CoinCodex. “Shiba Inu Price.” CoinCodex, https://coincodex.com/crypto/shiba-inu/.
BitDegree. “Shiba Inu (SHIB) Price History.” BitDegree, https://www.bitdegree.org/cryptocurrency-prices/shiba-inu-shib-price/price-history.
YouTube. “Shiba Inu Coin: The Complete Guide.” YouTube, https://www.youtube.com/watch?v=CHOgubY9bL8.
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