How to Buy Shiba Inu

Shiba Inu (SHIB) cryptocurrency ranks at 18 place by capitalization. It’s 27 February 2024 on $5,950,601,349 year. Circulating supply: 589,280,769,747,192. Maximum supply – N/A. The price of SHIB for today – $0.000010090 with trading volume of $339,903,073 for 24 hours. The maximum price of Shiba Inu was registered on 28 October 2021 year and was – $0.0000862. The lowest price of SHIB, $0.0000000000564, was registered on 28 November 2020.
Shiba Inu (SHIB)
$0.000010090 +4.45% ↑
24h price change
$0.00000043000
Capitalization
$5,950,601,349
24h trading volume
$339,903,073
on the official website

How to Buy Shiba Inu Price in USD: Convert to US Dollar

SHIB
Shiba InuSHIBShiba Inu
BitcoinBTCBitcoin
EthereumETHEthereum
TetherUSDTTether
BNBBNBBNB
SolanaSOLSolana
Lido Staked EtherSTETHLido Staked Ether
XRPXRPXRP
USDCUSDCUSDC
CardanoADACardano
AvalancheAVAXAvalanche
DogecoinDOGEDogecoin
TRONTRXTRON
ChainlinkLINKChainlink
PolkadotDOTPolkadot
PolygonMATICPolygon
Wrapped BitcoinWBTCWrapped Bitcoin
UniswapUNIUniswap
ToncoinTONToncoin
Internet ComputerICPInternet Computer
US Dollar
USD
US DollarUSDUS Dollar
/wp-content/themes/tgd/assets/images/content/flag_eu.svgEUREuro
/wp-content/themes/tgd/assets/images/content/flag_ru.svgRUBRussian Ruble
/wp-content/themes/tgd/assets/images/content/flag_ua.svgUAHUkrainian hryvnia
/wp-content/themes/tgd/assets/images/content/flag_pl.svgPLNPolish zloty
/wp-content/themes/tgd/assets/images/content/flag_gb.svgGBPPound sterling
/wp-content/themes/tgd/assets/images/content/flag_jp.svgJPYJapanese yen
/wp-content/themes/tgd/assets/images/content/flag_ch.svgCHFSwiss Franc
/wp-content/themes/tgd/assets/images/content/flag_cn.svgCNYChinese Yuan
/wp-content/themes/tgd/assets/images/content/flag_tr.svgTRYTurkish Lira
on the official website
Data updated 2/27/2024

    Shiba Inu (SHIB) is a crypto-currency meme token launched by an anonymous founder or group of individuals under the pseudonym Ryoshi. Shiba was first known as an alternative to Dogecoin, although it has a key difference. SHIB is built on the Ethereum blockchain, so it can run smart contracts and work with decentralized applications (DApps). Dogecoin is based on Litecoin and is limited in use.

    Read on to learn more about the Shiba Inu coin and the main ways to buy it.

    How to buy Shiba Inu SHIB
    Shiba Inu homepage

    What is Shiba Inu

    Shiba is an ERC-20 token on Ethereum which allows developers to create ShibaSwap DEX and integrate other tokens and NFTs into ecosystem of the platform.

    Shiba’s maximum supply has been set at 1 quadrillion tokens, which is much higher than other cryptocurrencies. Due to huge issuance of coins Shiba’s price is much lower than most assets with a similar market cap.

    One half of the minted Shiba has been locked into Uniswap to reward liquidity providers. The other half is given to Vitalik Buterin (founder of Ethereum).

    Shiba Token Distribution
    Shiba token distribution

    Buterin donated 20% of the coins to two charities. One was not named, the other is India’s COVID-Crypto Relief relief fund. This gift was one of the largest donations made in cryptocurrencies. The rest of the coins (410 trillion tokens worth $6.5 billion) Buterin burned, sending it to a non-existent address.

    Burning reduces the number of tokens in circulation, which helps to get rid of inflation and increase the price of the coin. The fact of destruction of the coin can be verified by any user (such operations are recorded in the blockchain, like other transactions).

    Where to buy Shiba Inu

    Shiba Inu is a fairly popular coin. Therefore, there are many options for buying it: p2p platform, crypto exchanges and so on. But it is best to buy coin on a crypto exchange. The advantages of this method are:

    • Favorable exchange rate;
    • Reliability;
    • Regulation;
    • High liquidity;
    • A wide range of deposit and withdrawal methods (bank transfer, payment cards, etc.);
    • An option to buy crypto with fiat money: USD, EUR and more

    Shiba Inu buying instructions

    Step-by-step instructions for profitable purchase of Shiba Inu on the crypto exchange.

    Decide on the level of risk

    Any investment requires a balanced approach and risk assessment. Here it is important to consider some rules:

    • Don’t give in to the hype;
    • Explore the features of the coin;
    • Read reviews;
    • Study the White Paper of the project;
    • Do not invest in cryptocurrencies the last money and those that you cannot afford to lose.

    Choose a crypto exchange

    You can buy and sell SHIB either through the exchange of the Shiba ecosystem called ShibaSwap, or and through other platforms.

    Trading platforms differ in working conditions (commissions, the possibility to replenish an account, buying with fiat, etc.), so it is important to study these parameters when choosing an exchange.

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    1,246.66
    2OKX
    OKX
    BTC trading volume, 24h
    132.12
    3Gate.io
    Gate.io
    BTC trading volume, 24h
    125.22
    4KuCoin
    KuCoin
    BTC trading volume, 24h
    117.29
    5Bybit
    Bybit
    BTC trading volume, 24h
    73.31

    Register an account

    Consider the process of registering and buying Shiba on the example of OKX. This trading platform is characterized by good liquidity, easy registration and user-friendly interface. To use the platform, a new user must create an account.

    To register on OKX:

    1. Open OKX official website;
    2. Click Sign In in the top right corner;
      Start registration on the exchange OKX
      OKX registration beginning
    3. Enter e-mail, password → click Sign Up;
      Exchange Registration
      Registering on the exchange
    4. Enter the six-digit code that the system will send to e-mail. After that, registration will be completed.

    Top up your account

    To trade on the stock exchange, you need to replenish your account. For this:

    1. Open Assets → Deposit;
    2. Specify cryptocurrency (e.g. USDT) and network → click Continue;
      Top up on the exchange OKX
      Depositing on OKX
    3. Select account → copy USDT address;
      Copy address
      Copy address
    4. Insert the address in the sending wallet;
    5. Complete the transaction in the wallet and check out the account on the exchange.

    Buy Shiba Inu (SHIB)

    Buying a cryptocurrency on the OKX exchange consists of the following steps:

    1. Open Trade → Basic trading;
    2. Select a trading pair SHIB/USDT;
    3. Specify an order, for example, Market;
    4. Enter the amount you of payment currency you want to buy SHIB for;
    5. Click Buy SHIB.
    Buying SHIB on the exchange OKX
    Buying SHIB on OKX

    How to sell Shiba Inu

    Selling cryptocurrencies includes the same actions as buying. The only difference is after choosing the type of order, you need to enter sell amount and click Sell SHIB.

    Selling SHIB on the exchange OKX
    Selling SHIB on OKX

    Where to store SHIB

    “Cold” and “hot” crypto wallets are suitable for storing SHIB. For those who do not actively trade on the exchange, cold storage is the best one. You can choose, for example, different Ledger models. Ledger – a hardware crypto wallet for secure long-term storage of cryptocurrencies.

    Ledger
    Ledger

    “Hot” crypto wallets are more convenient for daily use. To secure funds in such wallets, you need to set up two-factor authentication, save the recovery password of the wallet in a safe place, and so on. Among the wallets of this type for storing SHIB feature Trust Wallet, MetaMask, Exodus.

    Trust Wallet is a reliable and secure crypto wallet for iOS and Android.

    Trust Wallet
    Trust Wallet

    MetaMask is a browser-based mobile crypto wallet for ERC-20 tokens that allows you to buy, sell, send and receive SHIB.

    MetaMask Crypto Wallet
    MetaMask crypto wallet

    Exodus – crypto wallet for 200+ cryptocurrencies. There is a desktop version and apps for iOS and Android.

    Exodus Crypto Wallet
    Exodus crypto wallet
    Read also: Best Crypto Wallets.

    How to withdraw Shiba Inu to my wallet?

    To withdraw SHIB from the OKX exchange to your wallet:

    1. Open Assets → Withdraw;
      Start withdrawal of coins from exchanges OKX
      Starting withdrawing process of coins from OKX
    2. Select SHIB, transaction network → click Continue;
      Specify coin and network for output
      Specifying the coin and network to withdraw
    3. Enter the address where the coins will be sent (the address of the receiving wallet will be obtained in the next step of the instruction) → specify the number of coins to be withdrawn → click Continue;
      Withdrawing SHIB from the exchange OKX
      Withdrawing SHIB from OKX
    4. Open a crypto wallet, (in our case it is Exodus) → Wallet, select SHIB and press Receive;
      Start withdrawal to wallet Exodus
      Withdrawal to Exodus
    5. Click on the checkbox → click Show Address on ETH;
      Shiba ETH network
      Shiba ETH Network
    6. Copy the address you get and paste it into the address field on the exchange → click Continue;
      Copy SHIB address to Exodus Wallet
      Copying the SHIB address in the Exodus wallet
    7. Check out if SHIB coins are in your wallet.

    FAQ

    How to buy Shiba Inu?
    To buy Shiba Inu, for example, on OKX:

    1. Go to the official website of the OKX exchange;
    2. Open Trade → Basic trading;
    3. Select a trading pair SHIB/USDT;
    4. Specify an order, for example, Market;
    5. Enter the amount of payment currency you want to buy SHIB for;
    6. Click Buy SHIB.

    Where can I buy Shiba Inu?
    SHIB can be bought on different platforms: crypto exchanges, payment systems, etc. The choice of service for purchase depends on the capabilities and preferences of the user. The best way to buy coins is on a crypto-exchange, as there is always a better rate and high liquidity.
    When is the best time to buy a Shiba Inu?
    Determine the best time to buy any currency using fundamental and technical analysis. If you don not have the skills to do research on your own, you can study the uniqueness of the project, roadmap of the project, as well as expert and trader reviews.
    Is Shiba Inu a good investment?
    Like any cryptocurrency, Shiba Inu is not a 100% safe and secure investment. You must always remember that investing in Shiba (as well as in other crypto currencies) is risky: the rate can both rise and collapse instantly.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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