How to Buy Shiba Inu Coin (The Complete Guide 2021)

Do you know Dogecoin? Shiba Inu cryptocurrency (SHIB) is a cryptocurrency similar to DOGE, according to market experts. More and more people are looking for how to buy Shiba Inu, mainly due to the fact that people want to benefit from the appreciation of this currency.

But how to buy Shiba Inu safely? Where to buy Shiba Inu? Don’t worry, in this article we will clarify all your doubts and we will also list a simple step by step for you to buy SHIB.

What is Shiba Inu?

The Shiba Inu is a symbolic currency represented by the Shiba Inu dog breed, as well as in the Dogecoin. The context of the two coins is the same, a meme with the image of the dog.

It is a system based on the SHIB token, designed to become Dogecoin’s biggest rival.

The developers of the cryptocurrency Shiba Inu were not identified, but they deposited 50% of the tokens in the account of the co-founder of Ethereum.

They also donated 50 billion of the SHIB coin to an Indian institute that helps in the COVID-19 pandemic. Let’s say that donating SHIB to the ETHER co-founder had two paths: the first was to burn the tokens, that’s what happened, the creator burned 90% and the other 10% was given to charity. The second way was to put more Shiba Inu into circulation.

But can you buy Shiba Inu yet? Yes, because with a move to burn the tokens, the founders were able to add more value to the tokens available for purchase.

Read also: How to buy SafeMoon Crypto.

Shiba Inu: Did Ethereum Co-Founder Help Create The Coin?

Ethereum co-founder Vitalik received a large sum from Shiba Inu and burned the tokens. In a recent interview, he said that he would not be directly involved with the Shiba Inu project:

Vitalik: this cannot be in the hands of a single person.

He also stated that the amount of existing Shiba Inu tokens does not offer liquidity, but, Shiba Inu is a project that does not lose focus, apparently it printed the SHIBS to help charities.

Vitalik says donations need to be done seriously as they leveraged the Dogecoin idea to achieve something like Shiba Inu.

Where to buy Shiba Inu cryptocurrency?

You can buy Shiba Inu on the largest cryptocurrency exchange, Binanace, Crypto.com, Atomic Wallet, and KuCoin. Most of the SHIB investors have created an account on Binance to buy the tokens.

How to buy Shiba Inu on Binance

The market capitalization of the Shiba Inu cryptocurrency has risen and today SHIB is among the 30 most traded cryptocurrencies in the world, with a daily financial volume of 3 billion.

Remember that prices follow the market and fluctuate on a daily basis, so use caution when purchasing Shiba Inu. Still, SHIB has recently become a liquid asset due to its popularity.

So in this tutorial, we will focus on Binance. The process to open an account is very simple, we will explain you step by step so that you can buy Shiba Inu with ease.

  1. First of all, create the account on the official binance website, click “Register”
  2. Put your email and a strong password to register your account. Accept the terms of use and click “create account”.
  3. You will receive a confirmation in your email, please verify your account to log into the Binance platform.
  4. Choose the security level of the account and activate it, you can choose, authenticate with: google authentication, SMS and 2FA.
  5. To buy a deposit on the Binance account, click on the “buy crypto” menu. Select your payment method, being the most recommended credit card.
  6. In this last step, you will complete your bank details, you will deposit the amount and you will have to confirm your identity on the same page.

Confirming your identity on Binance is essential to prevent financial fraud and process your payment quickly. That way you can buy Shiba Inu safely and quickly.

You can still buy Shiba Inu through a P2P transaction, that is, through markets where other users sell cryptocurrencies. But be careful: this is not one of the safest and cheapest ways.

Will Shiba Inu cryptocurrency be valued?

There are 410 billion SHIB in a useless address to get the tokens out of circulation. The intention of the creators was for Vitalik, co-founder of Ethereum, to help SHIB get into circulation, but without any agreement. The creators of Shiba Inu deliberately sent the tokens to be put on the market without warning!

There is a huge amount of SHIB, around 1 trillion Shiba Inu tokens. As cryptocurrencies are governed by the law of supply and demand, the higher the supply, the lower the price. However, this is not the case for SHIB tokens. When Vitalik did not put the tokens into circulation and burned them, he assisted in the valuation of Shiba Inu.

There is no basis for the current price of shiba inu, because in the ladybug, the cryptocurrency should follow the movement of the market of others. However, this is not what has been happening because when Shiba Inu (SHIB) is on the rise, Bitcoin and other altcoins go down.

Not all cryptocurrency experts recommend Shiba Inu, as there is no expectation of appreciation in the long run, just as it did not exist for Dogecoin.

On the other hand, although experts said that Shiba Inu is worthless, the currency continues to value strongly, as happened with Dogecoin. The fact that big names in the cryptocurrency market do not recommend SHIB is due to the seriousness of the project, since it is speculated that the cryptocurrency was created only to benefit its creators.

SHIB is a fraud?

The term fraud or scam is widely used on the Internet to refer to fraudulent financial activities that involve cryptocurrencies. Experts claim that Shiba Inu is not a fraud. Like Dogecoin, Shiba Inu was born as a joke for investors, but it is a legitimate currency, even if it has controversial origins.

Another point to consider is the rumors that Shiba Inu was born to promote the enrichment of breeders. If that was the case indeed, then yes, the Shiba Inu would be a fraud. There are allegations on the internet involving developers, but nothing confirmed or proven, so follow it at your own risk.

The Shiba Inu token can be weak and many novice investors do not know how to assess the risks of investing in this type of cryptocurrency. Therefore, always look for experts and do your own analysis on the project, invest carefully and carefully.

How to reduce risks with cryptocurrencies

This is a common tip for all investors: diversify your investments. This maximum also applies to investments in cryptocurrencies. I mean, don’t bet all your money buying Shiba Inu. Follow the indications of those who know how to evaluate the project, look for professionals specialized in cryptocurrencies and choose other cryptocurrencies to diversify your investments such as: BTC, ETH, Dogecoin, XRP and many others.

The fact that any cryptocurrency suddenly appreciates does not mean that some event can happen in a few weeks and completely modify the market. Remember that the cryptocurrency market is volatile and risky, so don’t invest more than you are willing to lose or values ​​essential to your survival.

Final thoughts

The Shiba Inu token has the offering of nearly 1 trillion SHIB. This oversupply is not encouraging for your long-term valuation.

Therefore, there is no encouraging scenario if the tokens are not burned as happened with the co-founder of Ethereum. The current shiba inu price fundamentals have been heavily influenced by the Dogecoin movement. Therefore, follow the market in real time to identify the best time to buy Shiba Inu, as well as the best opportunity to sell the cryptocurrency and make your profit.

What is Shiba Inu?

Shiba Inu is a cryptocurrency token and its symbol is the Shiba Inu dog, as well as in the case of the Dogecoin cryptocurrency. Shiba Inu has become a meme among investors and has become increasingly popular around the world.

Is Shiba Inu worth buying?

Whether Shiba Inu is worth buying or not depends on various market factors. Today, the Shiba Inu cryptocurrency is going through a moment of appreciation and price increase. It is worth remembering that the Shiba Inu came up as a joke (meme), as well as the Dogecoin. It is a real currency, even if it has controversial origins. Therefore, whether or not Shiba Inu is worth buying depends on the risk tolerance of each investor.

Shiba Inu x Dogecoin which one is better?

Answering the question of whether it is better to buy Shiba Inu or Dogecoin depends on each one. The two cryptocurrencies are quite similar, that is, they emerged as memes on the Internet and became popular with investors. At this point, Shiba Inu and Dogecoin are quite similar. In addition, the two cryptocurrencies are also going through a strong moment of appreciation, which indicates that there are more people wanting to buy the coins. Therefore, buying Shiba Inu or Dogecoin are interesting options for investors looking to profit from the appreciation of these cryptocurrencies.

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