Check Security while Trading: Where and How to Buy Shiba Inu 

Shiba or Shib is a cryptocurrency coin that came into the limelight in August 2020. Since then It has been making news for all the good reasons.

In 2021, the owner of the Shib wallet showed the best trade of his life when his $8000 turned into $5.7 billion because the coin price skyrocketed overnight. This coin has the potential, and in this blog, we will tell you how and where to buy Shib.

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What is Shib? 

Shiba, also known as SHIB, is an Ethereum-based cryptocurrency. It features a Japanese dog breed called Shiba Inu as its mascot. People also call it “The Dogecoin Killer” as it has become an effective alternative to Dogecoin. 

Created by a group known as Ryoshi in August 2020, its price rocketed on Oct 29, 2021, and gained a market capitalization of $41 billion. However, on May 31, 2022, it dropped steeply to $6 billion. Although it went through a massive downfall, it’s one of the top meme cryptocurrencies in the world. 

Features of Shib 

Here are the best features of Shiba Inu.

Inspired by a meme 

Shiba Inu is a cryptocurrency token inspired by the Shiba Inu dog breed. It gained popularity as a meme in online communities. The meme contributed to the coin’s branding and unique identity and attracted a particular audience interested in the meme culture.

Perfect example of community support 

Shiba Inu is often described as an experiment in community building. Ironically, the development and growth of the token are driven by a community of Shib supporters rather than a central authority. You will find many supporters on social media platforms. Members participate in trading, holding tokens, and promoting the Shib project.

Large total supply of tokens

Shiba Inu has a large total supply of tokens. This leads to high levels of token availability, but it also impacts factors like price stability and token value. 

Trading on Various Cryptocurrency Exchanges

The wonderful thing about this crypto coin is that it is very famous and has a lot of supporters. Shib tokens can be traded on multiple cryptocurrency exchanges. The availability of shib on different businesses is a great thing and provides many options for buying, selling, and trading the token. 

Dogecoin killer narrative 

There is another interesting thing about shib. It gained attention in part as a potential “dogecoin killer.” 

Dogecoin is another cryptocurrency that began as a meme and gained popularity. When the coin came into existence, it was termed the “dogecoin killer.” The two coins are still in the crypto battle, and only time will tell if Shib will surpass Dogecoin in the coming years.

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Where to buy Shiba Inu?

Now, let’s talk about where you can buy Shiba Inu. 

Crypto Exchange and Trading Platforms 

There are numerous trustworthy platforms from where you can get your hands on Shiba Inu, including Bittrex, Binance, Houbo Global, KuCoin, and Kraken. These crypto exchanges support crypto trading, so you can easily buy Shiba Inu from here. 

The availability of the exchange depends on your location. If any Crypto exchange is unavailable in your country, you can use the help of PureVPN to overcome geo-restrictions.

Binance

Peer-to-peer trading

Another way of buying Shiba Inu is through peer-to-peer trading. It’s one of the most effective ways and doesn’t involve much hassle. This is because the buyer and seller deal directly in this type of trading, and no third party is involved. 

Numerous platforms allow this type of trading by acting as intermediaries; one fine example is Binance. 

One thing you need to keep in mind is that the platforms offering peer-to-peer trading may list something other than Shiba Inu directly. However, while dealing with the people, some may be willing to trade Shiba Inu for other flat or cryptocurrencies. 

Over-the-counter trading

This type of trading deals either with institutional investors or large-volume trades. It’s called over-the-counter trading because with it comes personalized assistance, which is not available in other types of trading services. 

With the help of it, you’ll receive personalized support for trading cryptocurrencies, including Shiba Inu. 

Brokerage services

Certain brokerage platforms and financial service providers may offer cryptocurrencies like shib as part of their investment products. 

Notable brokerage services in this category include eToro and Revolut. It’s important to verify the availability of Shib on your particular brokerage platform to ensure accurate information.

No matter what platform you’re using to buy Shiba Inu, it would help if you check its legitimacy and reputation. You can read about its user reviews, which are usually honest. In this way, you can save yourself from fraudsters. Also, ensure you use a dedicated IP before buying Shiba Inu to stay secure.

How to buy Shiba Inu on different platforms 

Here’s how you can get your hands on Shiba Inu on various platforms 

Crypto exchanges

• First, you must visit the website of your chosen crypto exchange for Shiba Inu.
• Then click on “Register” and begin the registration process.
• Set up your account and go to the “Markets” or “Trade” section.
• Now look for Shiba Inu trading pairs.
• Search your preferred trading pair to buy Shiba Inu.
• Enter the transaction amount.
• Once it’s executed, you’ll receive your Shiba Inu balance in your account.

Binance

Decentralized Exchange (DEX)

• First, you must choose a decentralized exchange like PancakeSwap, SushiSwap, UniSwap, or any other supporting Shiba Inu.
• Next, you need to set up a wallet. You can always opt for a non-custodial Wallet like Trust Wallet.
• Install its app or extension and either import an existing wallet or create a new one.
• Now, you need to add Shiba Inu to your wallet. You can do so by purchasing them from a centralized exchange or receiving them from another user.
• Connect your wallet to DEX. You must go to the “Connect Wallet” option and choose your wallet provider (e.g., Trust Wallet).
• Approve the connection request, and your wallet will be connected to your DEX.
• As in the previous method, look for a Shiba Inu trading pair.
• Enter your desired amount of transaction.
• Click on “Confirm” after checking everything thoroughly.
• You’ll receive an approval pop-up in your wallet asking you for the transaction’s confirmation. Approve it after reviewing all the details.
• Wait for the execution of the trade, which usually takes a few moments.
• Once the trade is complete, you’ll receive Shiba Inu in your account.

Over-the-counter trading

• First, you must thoroughly research and look for the OTC providers offering Shiba Inu cryptocurrency.
• In most cases, these platforms require some of your information that helps in safe transactions by ensuring compliance with regulations. This information includes your name, contact details, proof of funds, and identification.
• Now, engage in the discussion regarding trading items. This discussion covers the number of Shiba Inu you want to purchase, settlement options, price per token, or any other information you need.
• Negotiate the terms and finalize once you’re satisfied.
• Before you make a final decision, make sure to do a thorough research on the concerned OTC. You can verify their legitimacy, check the online user reviews, and learn about their market reputation.
• Once you’re done with all this, follow the guidelines of the OTC regarding the execution of the trade.
• After the execution of the trade, you’ll be presented with the settlement process. It verifies the transaction and coordinates its transfer to your wallet.
• Once complete, double-check your wallet to see if you’ve received your coins.

Brokerage services

• First, you must find a reputable brokerage service that offers Shiba Inu.
• Now, sign up for an account and provide the necessary information.
• The next step is the depositing of funds to buy Shiba Inu.
• Now, by browsing the available cryptocurrencies, look for Shiba Inu.
• Jot down the ongoing price of Shiba Inu. Also, look for any commissions or associated fees for buying the cryptocurrency.
• Once you’re done with all this, specify your purchase amount. Follow the instructions of the brokerage service to place your order. 
• Before confirming your purchase, review the details of your order, including the total cost and the number of Shiba Inu you’re buying. 
• Once everything is complete, you’ll receive your Shiba Inu coins in your brokerage service account. Transferring these coins to your personal wallet is advised for added security. 

Why buy Shiba Inu?

Let’s get to the reasons why you should buy Shiba Inu.

• Launch of Shibarium – Shiba Inu launched its layer-2 blockchain network, known as Shibarium, on 16 August, which was halted to be resumed later. Shibarium will provide Shiba Inu with its blockchain infrastructure, and the participants will be compensated in the BONE token. 
• Launch of own Metaverse – Shiba Inu plans to release its metaverse, known as SHIB: The Metaverse. It is said that over 100,000 virtual land plots have been made available, with many being bought before the launch. Shiba Inu’s chief developer, who goes by the pseudonym Shytoshi Kusama, has revealed that the metaverse will be developed in collaboration with a leading AAA game studio.
• Introduction of Shi – Shiba Inu is preparing to introduce the Shi stablecoin. It will be available on the Shibarium layer-2 blockchain. The purpose of the Shi stablecoin is to bring added value and uses to Shiba Inu. There is news that it will be pegged at $1.
• It can be the top meme coin: Shiba Inu is a major competitor to Dogecoin. It has all the potential to be the top meme coin in the Crypto market. The competition between the two currencies is great because it impacts Shiba Inu’s potential for growth. If Shib outpaces Dogecoin, it could see an increase in investments ahead of the next bull run.

Where to keep Shiba Inu?

One of the most important things that you need to pay attention to when you buy any form of cryptocurrency is keeping it in a safe place. The same is the case when you get Shiba Inu in your possession. 

The safest place for your Shiba Inu is the wallet. It comes with certain perks that cannot be ignored. 

• You can easily restrict unauthorized access by using a wallet for your cryptocurrency because only you have access to it. 
• Since only you can access it, this automatically mitigates the theft risk. 
• Your mind stays calm and composed as you’re not scared of getting robbed. 

Types of wallets 

There are numerous wallets available where you can store your Shiba Inu coins. You can freely choose one according to your preferences. 

Hardware wallets 

Like a real wallet you keep in your pocket to store money, a hardware wallet is also a physical device where you can store your cryptocurrencies. These wallets are preferred by millions of users out there as they’ve proven to be the safest option where you can keep your crypto without any fear of losing it. 

Hardware Wallets like Trezor support Shiba Inu. You can conveniently store and even protect your Shiba Inu tokens, passwords, and keys without any issue. 

Desktop wallet 

These wallets are software applications enabling you to buy Shiba Inu through desktop, web extension, etc. You won’t have to keep an extra device to store crypto. With this wallet, you can handle everything from your desktop. Guarda wallet is a perfect example of a Desktop wallet that supports Shiba Inu. 

Mobile wallets 

As the name suggests, mobile Wallets are applications you can install on your phone and handle your cryptocurrency on the go. You won’t have to log in to your laptop or take your hardware wallet out of your bag. All you need to do is open the application on your mobile and keep track of your cryptocurrency. Zengu is one such wallet where you can store your Shiba Inu. 

Stay secure from crypto wallet thefts. Follow these tips 

• Make sure you enable two-factor authentication
• Ensure you secure your private keys
• Use strong passwords to avoid intrusion and unauthorized access.
• Keep software up to date in the case of desktop wallets.
• Please beware of phishing attempts and prevent them by using a dedicated IP.
• Be informed and verify wallet downloads
• Be cautious while making transactions in public WiFi and use a VPN.

Why use a VPN for Shiba Inu Crypto? 

Using a VPN when buying and selling Shiba Inu is one of the wisest decisions you can make. With the help of a VPN, you can keep yourself safe from getting robbed of your precious cryptocurrency or losing your important data. 

Online security as a top priority

With the help of a reliable VPN, you can encrypt your internet connection. This acts as a shield between your data and the malicious attackers always looking for a weak spot to steal your currency. This extra layer of nice protection can help keep your Shiba Inu in your possession for as long as you want. 

Protection of sensitive information

The nature of cryptocurrency transactions is often propagated as anonymous, but the reality is otherwise. These transactions are pseudonymous. With the help of an effective VPN, you can keep your IP address hidden, which means the hackers won’t be able to have access to your sensitive information no matter how hard they try. 

PureVPN: Your security partner for Crypto trading

You will come across many Crypto Scams and frauds. These include 

• Crypto jacking
• Pump and Dump.
• Ponzi schemes.
• Phishing attacks
• Fake coin offerings
• Malware and ransomware.

It doesn’t matter how secure Blockchains seem, there is always a need to add an extra layer of security and PureVPN provides that. With PureVPN you can.

• Stay anonymous while trading.
• Hide your IP address.
• No more ISP surveillance. 
• You can dodge cyber attacks. 

How much is one Shiba Inu worth?

The current conversion is 1 SHIB to 0.0000081 USD.

Is Shiba Inu worth buying?

Since Shiba Inu has a high circulating supply value and doesn’t cost much, this coin is worth buying.

How many SHIB coins can you buy for $1?

You can buy 119,945 SHIB for $1.

You need more than common sense to buy Shiba Inu 

When dealing with cryptocurrency, you should be aware of the basics. You should have enough information regarding various platforms that help you trade it. Not only this, but you should also be mindful of the reliable sources where you can store it. 

In addition, adding an extra layer of protection, like using a reliable VPN when making crypto transactions, can help you save from a lot of trouble in the future. Put, don’t rely on your common sense while buying Shiba Inu. Do the needful alongside.