How to buy Shiba Inu the easiest way to buy the Dogecoin killer

Notice that it has the ‘Added by user’ description next to its title showing that we have added it to Metamask wallet. Similarly, also choose the SHIB token in the second section. Metamask will show you a preview of the custom token for you to confirm before importing it. To add SHIB to Metamask, you will need the Shiba Inu ERC-20 contract address. You can get this contract address from CoinGecko or CoinMarketCap. Choose Metamask or any of the other supported wallets that you prefer.

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Our partners cannot pay us to guarantee favorable reviews of their products or services. Shiba Inu is based on the Ethereum blockchain, so when you initiate a transaction, the transaction https://cryptolisting.org/ is recorded on the blockchain and cannot be altered. This info is linked to all others in the block to form the blockchain, where transactions are finally approved with consensus.

1. To add SHIB to Metamask, you will need the Shiba Inu ERC-20 contract address.
2. A meme token like Shiba Inu is one coin you might have encountered in your research.
3. Currently, Shiba can be bought, sold, and traded on a majority of the leading crypto trading platforms.
4. Its price reached an all-time high in October 2021 after Tesla CEO Elon Musk tweeted about the coin.
5. Options include MetaMask and eToro (hot wallets), Trezor Model T (hardware wallet), and Guarda (software wallet), among others.
6. Shiba Inu ($SHIB) token is a decentralized cryptocurrency created on top of the popular Ethereum platform.

How to buy other crypto assets

You can buy Shiba Inu on many of the popular cryptocurrency platforms, and it is also available on decentralized exchanges where you can trade SHIB for other cryptocurrencies. Shiba Inu is arguably one of the biggest meme tokens ever, second only to Dogecoin. At its peak in October 2021, the coin had racked up a market cap of over $40 billion, and it is now accepted as a means of payment at popular retail stores, like GameStop and Nordstrom. Like all cryptocurrency, however, investing in Shiba Inu is risky.

Frequently Asked Questions on Buying Shiba Inu Coin

According to Daniel Polotsky, co-founder and chairman of CoinFlip, a leading Bitcoin and cryptocurrency ATM provider, Shiba Inu has growth potential. Click the [Add Custom Token] tab to add the $SHIB token to your wallet. With the contract address, open the Metamask extension by clicking on its icon on your browser addons list, then clicking the [import tokens] link. Once you do, Coinbase will automatically close the asset selection box and take you back to the original screen to select the number of SHIB tokens you wish to buy.

Using a Centralized Exchange (CEX) to buy Shiba Inu token

Since release SHIB now trades on the ecosystem’s proprietary DEX, ShibaSwap. Next, you’ll be prompted to enter the amount you’d like to purchase. As always, make sure to exercise caution when buying crypto. Gemini is also allowing New Yorkers to purchase Shiba Inu on its platform, too.

Investing in cryptocurrencies, decentralized finance (DeFi), and other initial coin offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. If you want to invest in cryptocurrency—but are looking for other options for Shiba Inu or individual coins—consider exchange-traded funds (ETFs). There are now Bitcoin ETFs and funds that invest in blockchain companies.

If you’re interested in buying the Dogecoin rival, stick around and we’ll show you the easiest, most efficient way to buy Shiba Inu. SHIB has lost a substantial portion of its value in recent months. As a result, its total market capitalization, which exceeded $40 billion at its peak, was below $5 billion by mid-June of 2022. top reasons banks won’t cash your check SHIB can also be acquired through a process known as staking (though this requires you to have some of this cryptocurrency, to begin with). And theoretically, you could receive Shiba Inu as payment for goods or services. Ryoshi is the alias used to identify the creator of this dog-themed cryptocurrency, invented in 2020.

Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Once you have selected a crypto exchange, you can open an account and make your first deposit.