Where to Buy Shiba Inu (SHIB) in April 2024

The famous Shiba Inu coin has been attracting attention since its debut in the meme coin space. Although it appears to have the same symbol as Dogecoin, it is a different coin known as the DOGE killer. Although more and more meme coins have appeared recently, the Shiba Inu has managed to maintain its position in the rankings.

In this article we will discuss more about this popular coin, the latest Shiba Inu news and where to buy it.  We have selected some of the best platforms for beginners and advanced investors to buy Shiba Inu.

eToro Crypto

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Coinbase – crypto

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Kraken

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Binance

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Rating

5

4

4

4

For Beginners

Instant Verification

Mobile App

Wallet Service

Coin Selection

0

0

10

0

Rates

Trading fees

1% per transaction

Commissions

maker taker fees

Commissions

Deposit fees

$0

$0

N/A

$0

Withdrawal fees

$5

$0

N/A

$0

Additional features

Regulated

Yes; CySEC, FCA, ASIC, FSAS

e-Money license from the FCA

No

Yes but not in all regions.

Min.Deposit

$10

$50

$10

$10

Leverage

Yes

Yes

No

Yes

Latest prices by currency

Bitcoin

$66513

$66513

$66513

$66513

Ethereum

$3198.87

$3198.87

$3198.87

$3198.87

XRP

$0.545289

$0.545289

$0.545289

$0.545289

Tether

$1

$1

$1

$1

Litecoin

$85.75

$85.75

$85.75

$85.75

Bitcoin Cash

$514.06

$514.06

$514.06

$514.06

Chainlink

$15.44

$15.44

$15.44

$15.44

Cardano

$0.517508

$0.517508

$0.517508

$0.517508

IOTA

Binance Coin

$597.13

$597.13

$597.13

$597.13

Stellar

$0.117198

$0.117198

$0.117198

$0.117198

Bitcoin SV

$72.55

$72.55

$72.55

$72.55

Payment methods

Bank Transfer

Credit Card

Giropay

Neteller

Paypal

Sepa Transfer

Skrill

Sofort

What is Shiba Inu?

The Shiba Inu cryptocurrency is similar to Dogecoin in style as it has a very similar theme. However, the Shiba Inu token is not only strikingly similar to its canine counterpart, but it goes further than that.

Using Ethereum’s strong network, the token has created a DeFi ecosystem, and Shibaswap (the company’s decentralized exchange) has played an integral part in shaping that ecosystem.

In addition to this, Shiba Inu tokens can also be used on Shiba Inu’s staking platform “ShibaSwap,” where users can earn interest if they stake their tokens. ShibaSwap has recently released an NFT marketplace themed around Shiba Inu called Shibatoshis, where users can buy NFTs based on Shiba Inu.

On a broader level, Shiba Inu’s platform is hosted by 3 different tokens native to the platform. Those three tokens are Shiba Inu (SHIB), Leash (LEASH), and Bone (BONE).

Due to the limited supply of BONE and LEASH, this coin’s price per token is higher than the price of SHIB, the largest token in terms of market capitalization.

Today, the live price of Shiba Inu is $ 0.00001 per (SHIB / USD) with a current market cap of $ 5.80B USD. According to the source the Shiba Inu currently ranks 19 among all known cryptocurrency assets. The popularity is based on relative market cap.

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.

Why Buy Shiba Inu?

As one of the meme tokens that has taken off recently, Shiba Inu has had quite a good year. It is not uncommon for a particular cryptocurrency to generate such a high level of interest. In recent years, we have seen a number of parabolic moves in a variety of cryptocurrencies. One of the most impressive aspects of Shiba Inu’s rise to prominence in such a short period of time is how fast it has been.

Token trading commenced in August of last year, at $0.0000000005 , at a total market capitalization of $600,000,000. At the moment, investors can buy SHIB for $0.000009752  at the moment of writing. Even if some investors wonder: Is Shiba Inu dead?, it is expected to be back on an upward trajectory and regain investor interest.

How much does it cost to buy Shiba Inu?

According to the CoinMarketCap, the live price of Shiba Inu is $ 0.000009752 (SHIB / USD) with a current market cap of $ 5.75B USD. 24-hour trading volume is $ 198.44M USD. SHIB to USD price is updated in real-time. Shiba Inu is +1.8% in the last 24 hours with a circulating supply of 589,300.10B.

A SHIB community-building experiment has been created based on the SHIBA INU ecosystem as an experiment in decentralised spontaneous community-building. SHIBs can be held by one user at a time, with no limit on the number of SHIBs that can be held. The role of ShibaSwap is to act as a platform that incentivises the use of a cryptocurrency token called Shiba, commonly known as Shiba.

How to Buy Shiba Inu Coin in 2024

1. Open an exchange account

Shiba Inu is a type of dog that can be found on eToro, Voyager, and Coinbase. In addition to being available on Uniswap and Sushi DEX, SHIB is also available on cryptocurrency exchanges running on Ethereum.

Opening an account with one of these crypto exchanges is as simple as providing your email address and creating a password, but you will need to provide both. In addition, to ensure that you are who you say you are for tax purposes, you will need to verify your identity before you can begin trading.

To participate in the exchange, you will need to provide certain information such as your social security number, a photo of your driver’s licence and your birthday.

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.

2. Use Uniswap or a centralized exchange

There are two main ways to get Shiba: centralised exchanges and decentralised exchanges. If you are using an exchange called eToro, you can skip to the next step if you are using a centralised exchange.

It’s great to have decentralised exchanges (DEX) that participate in almost every Ethereum-based coin, such as Shiba, as there are many of them. In addition, decentralised exchanges such as UniSwap, which is powered by the Ethereum blockchain, have become increasingly popular recently.

The technology behind UniSwap is backed by more than $2 billion in resources, and thousands of investors use the platform to trade Ethereum-based tokens.

You will need a software wallet such as MetaMask or Coinbase Wallet to trade on a DEX. You can own your cryptocurrency using crypto wallets instead of certain centralised exchanges, which have to charge fees for using their services.

3. Buy a crypto wallet (optional)

It would help to consider where you will be storing your Shiba Inu tokens before taking the plunge and getting yourself some Shiba Inu tokens. If you aren’t actively trading, it’s not a good idea to keep your tokens on a crypto exchange unless you’re actively trading your tokens. Several exchanges operate cryptocurrency, and several of these platforms have been compromised in the past.

Using software wallets for cryptocurrencies is not only free and convenient, but also much more secure than using crypto exchanges, as they use proprietary technology. In addition, you will need an easy-to-use software wallet to interact with Uniswap, and you will find that Coinbase Wallet and MetaMask are the best options.

You should opt for a hardware wallet if you want to ensure that your cryptocurrency assets are stored securely at all times. It is a physical device that stores cryptographic keys offline, meaning that it is entirely unhackable and where your funds cannot be stolen.

4. Make your purchase

If you wish to complete the process of connecting your bank account to eToro, then you will first need to verify your identity with the company. If you have already found your SHIB order book, you should now place the order there.

UniSwap is not a stock exchange as other exchanges are and do not use order books. Instead, a Uniswap strategy uses liquidity pools to calculate the price of crypto assets instead of individual trades determining the price. To swap your Ethereum tokens for Shiba Inu tokens, you need to connect your wallet to Uniswap’s website after establishing it. We recommend that you hold on to your Ether tokens for as long as possible if you’re in it for the long run.

How to buy Shiba Inu coin with PayPal

Cryptocurrencies such as Shiba Inu can be purchased through PayPal, which has become a trend. As far as we know, there are no other crypto exchanges that allow you to invest in SHIB using PayPal, apart from Binance, Coinbase, Bitpanda, etc.

How to Buy Shiba Inu Coin with Bitcoin

As a result of growing awareness and popularity, a wide range of products and services can now be purchased using Bitcoin and other cryptocurrencies. In recent years, the number of retail stores and payment processors accepting Bitcoin has increased to some extent, although there are still some major hold-outs. A merchant can even buy Shiba Inu coin with Bitcoin on some exchanges.

Buying Shiba Inu coin safely

There are no guarantees with this meme coin, so it’s a good idea to keep an eye on Shiba Inu news. Demand for ShibaSwap can grow enormously if it becomes popular, but Shiba does not bring any new concepts to the Ethereum Decentralised Finance (DeFi) ecosystem. Even if it has more use cases than Dogecoin, it does not mean that it will perform better than Dogecoin because it is on the Ethereum network.

Buterin donated her Shiba tokens to two charities that have to sell most of their Shiba tokens in a market where the supply of Shiba tokens is low, which will eventually lower the price of the tokens. Unfortunately, while these donations have given Shiba more visibility and legitimacy, it will still be difficult for Shiba to return to its all-time highs any time soon. 

Investing in anonymous projects like ShibaSwap also comes with its own security risks, as a critical flaw in the code could allow developers to steal cryptocurrency from investors by scamming them.

Unfortunately, in the Wild West that is DeFi, some scams are causing users to lose millions of dollars with increasing frequency. If experienced code auditors had access to the code, this possibility could be ruled out, but ShibaSwap hasn’t been audited yet, so they couldn’t do this.

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.

Risks of Buying Shiba Inu

As such, altcoins have a strong community function as opposed to their utility. For this reason, the success and growth of the community is crucial in determining how successful they are, explains Boneparth, who has been investing in cryptocurrencies since 2014. In its white paper, for example, Ryoshi describes the Shiba Inu as “an experimental, decentralised, spontaneous community-building experiment”.

Even though experts warn that if you invest in cryptocurrencies, you could lose your entire investment. These authorities generally recommend that you only invest what you can afford to lose, regardless of which cryptocurrency you choose. However, it is important to remember that altcoins may require a greater level of caution because they differ from something like Bitcoin in several aspects, including their structure, supply, and usage.

A good example is Bitcoin, which was created in 2009 as a peer-to-peer electronic cash system. In addition to its blockchain, the company has carefully designed an ecosystem to support the blockchain. Taking advantage of the fact that bitcoins are in limited supply, the design allows for a degree of built-in scarcity.

The fact that it can be used for this purpose makes it such a valuable investment for its holders, with the hope that it will be recognised  prominent decentralised digital currency.

Most altcoins lack these characteristics

Shiba Inu’s supporters claim that the ecosystem it offers, including features like smart contracts, non-fungible tokens and enterprise-wide liquidity mining capabilities, exceeds community value.

While this is true, Brett Harrison, president of cryptocurrency exchange FTX US, warns that “these altcoins can be extremely risky and may not always have inherent value as investments, and that individual retail investors should always conduct research and due diligence before trading these assets”.

Rather than investing in a booming cryptocurrency on the back of hype, Harrison is looking for assets that offer a specific utility to make money from crypto assets.

Crypto assets are a growing area of interest for investors. They provide a store of value, facilitate an efficient mechanism for transferring funds or serve as an algorithm that enables the construction of blockchain-based applications, writes Marcus. He says many assets may be suitable for retail users.

Selling Shiba Inu

Uniswap will be able to convert your Shiba Inu tokens into Ethereum tokens so that you can exchange your Shiba Inu tokens for Ethereum. The Ethereum tokens that you receive as a result of exchanging your Shiba Inu for Ethereum will be credited to the Ethereum wallet you have set up through Uniswap. You can then use any exchange that supports Ethereum to exchange them back into USD.

Shiba Inu Price Forecast

Our latest forecast for the price of Shiba Inu suggests an increase of 3.01%, projecting that it will reach $0.00001024 by 06 January 2024. According to Marie Tatibouet, chief marketing officer of cryptocurrency exchange Gate.io, the Shiba frenzy is expected to subside somewhat soon. The expert predicts that the market will correct itself in the short term as the hype dies down a little, and that the market will soon stop falling.

Jordan McCreery, founder and partner of integrated media company Ingrained Media, disagrees. “In my opinion, Shiba has a real opportunity to grow from a fraction of a cent to something in excess of $0.01 or even more,” he said.

Don Guo, CEO of fintech firm Broctagon, told Bloomberg that it would be impossible for Shiba Inu to reach $1 status in the foreseeable future. For SHIB to reach the elusive dollar, its market capitalisation would have to reach a quadrillion dollars, he told The Express.

SHIB has a shipload of $1.3 trillion of capital ready for development and access to the best student loans in the world. This difference represents less than 3% of the amount SHIB needs to reach this price point. SHIB has a greater than 50% probability of staying within a range of less than a fraction of a cent given the current economic conditions.

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.

Conclusion

Since its launch, Shiba Inu has captured the attention of investors and seen a significant increase in value, which has generated a lot of interest in the crypto community.However, like many other cryptocurrencies, Shiba Inu has experienced periods of volatility after its heyday. Which is still being felt today.

According to the latest Shiba Inu news, analysts and investors are keeping an eye on the coin for signs of a possible rise. With this in mind, we recommend that investors looking to invest in the meme currency buy Shiba Inu from the secure and licensed platforms we have discussed in this article.

FAQs

References

• https://blockworks.co/price/shib
• https://coingape.com/shiba-inu-burn-rate-soars-2000-with-over-5-mln-shib-destroyed-price-rebound-ahead/
• https://coinmarketcap.com/currencies/shiba-inu/
• https://www.youtube.com/watch?v=_VLrk6rvnCg