Virtually every investor of Dogecoin should have at least heard of Shiba Inu, after all, the token’s nickname is called “Dogecoin killer.” Shiba Inu is a cryptocurrency that can be considered a “small but mighty”, and despite the fact, that some are been skeptical about this token and are really not a fan of it because if it’s high volatility, that doesn’t stop the token from growing.
Shiba Inu as a memecoin has a lot of great potential with a great community that calling it a memecoin sometimes might sound off. This token has been seen most times topping the crypto market capitalization, and all of these facts alone have caused this token to be more exposed to a lot of people. If you are wondering how to buy Shiba Inu coin, relax you are in the right place, but before that, let’s scratch the surface of what this token is about.
What Is Shiba Inu?
Shiba Inu is a cryptocurrency created back in August 2020, with the aim to be the Dogecoin killer. The founder, Ryoshi, is still unknown till today as they have remained to be anonymous and have claimed to have never owned any SHIB tokens. Oftentimes, Shiba Inu can be seen to be compared to Dogecoin, and when actually comparing it, they might seem similar especially since they are both memecoins.
However, SHIB is still different from Dogecoin. First of, SHIB is hosted on the Ethereum network enabling it to leverage the power of smart contracts, and making Shiba Inu a token with way more use cases than DOGE. Nowadays, SHIB is used as a payment method in various industries. In fact, according to cryptwerk, the Shiba Inu token is currently accepted by more than six hundred merchants all over the world.
Where To Buy Shiba Inu?
So where to buy a Shiba Inu (SHIB) ? There are several exchanges where SHIB tokens can be bought, whether in a centralized or decentralized exchange (DEX). However, here are some top Centralized exchanges where SHIB tokens can be bought with a minimal gas fee…
Binance
Whether you are vast in this crypto space or not, you should have definitely heard of Binance. Binance is a popular crypto exchange with vast asset selection and one cool thing about this exchange is that Shiba Inu can be bought there.
As long as you are a registered user of this exchange, there are several ways you can purchase cryptocurrencies including Shiba Inu, whether by depositing Fiat or using PayPal or even using your debit or credit card you can purchase cryptocurrencies on Binance with a little amount of gas fee as low as 0.1% per trade.
Coinbase
Another popular crypto exchange where Shiba Inu can be bought. Coinbase exchange is a platform that offers and allows the trading of a wide variety of crypto assets either through the browser-based platform or the Coinbase App. Again, as long as you are a registered user, you can invest in various memecoins including SHIB using a credit or debit card, on this exchange.
KuCoin
This is also another crypto exchange that offers the buying and selling of cryptocurrencies such as Shiba Inu, the platform has been around for a while and accepts purchasing methods similar to that of Binance.
Other recommended crypto exchanges where Shiba Inu can be bought are: FTX, Crypto.com, Bitfinex.
Is Shiba Inu Token a Good Buy?
We are not a financial advisor, but looking at how well this token has grown in the past few years and the use cases and potential this coin is geared with such as the huge community backup calling themselves ‘Shib Army’, the smart contract capabilities, and some other use cases the developers of this token is working on, it might be a crypto worth considering when wondering which memecoin to invest in.
Frequently Asked Questions
What is Shiba Inu (SHIB)?
Shiba Inu is a meme-based cryptocurrency launched in August 2020 by an anonymous founder known as Ryoshi. Nicknamed the “Dogecoin killer,” SHIB runs on the Ethereum blockchain, giving it smart contract capabilities and broader use cases compared to DOGE.
How is Shiba Inu different from Dogecoin?
Unlike Dogecoin, SHIB is an ERC-20 token on the Ethereum network, which allows it to support smart contracts and be integrated into decentralized finance (DeFi) platforms. This gives SHIB more utility beyond being a meme coin, such as staking, governance, and NFT projects.
Where can I buy Shiba Inu (SHIB)?
You can purchase SHIB on several major crypto exchanges including Binance, Coinbase, KuCoin, Crypto.com, and Bitfinex. These platforms accept debit/credit cards, PayPal, or bank transfers and offer low trading fees, typically starting around 0.1%.
What can I do with SHIB tokens?
SHIB can be used for payments at over 600 merchants globally, thanks to its growing adoption. It can also be traded, staked in DeFi platforms, or held as a speculative investment due to its community-driven momentum.
Is Shiba Inu a good investment?
While SHIB has shown strong community backing and developer activity, it remains a highly volatile asset. Its “Shib Army” and evolving ecosystem give it potential, but like all crypto investments, it carries risk—do your own research before investing.
