Introduction
Shiba Inu (SHIB) is an up-and-coming token, an Ethereum-based alternative to Dogecoin (DOGE), another trendy and well-known meme coin. If you are interested in buying Shiba Inu Coin, you can readily do so from any part of the world using the Trust Wallet, a Crypto & Bitcoin Wallet, or UniSwap. Shiba Inu token is another thriving cryptocurrency that is extremely popular these days, but new crypto users would probably be on the fence as to where to buy the DOGE-based crypto. So, without beating around the bush, let us get rolling now!
About SHIBA INU
Shiba Inu is a supported cryptocurrency in blockchain Ethereum. It was released anonymously by an individual or group named Ryoshi in August 2020 and was intended to replace the already famous Dogecoin.
Both Shiba Inu and Dogecoin use the same Japanese breed dog, Shiba Inu, as a mascot and is popularly known as “the Dogecoin killer.” As for the currency’s utility, it’s more of a transferable token than anything else. In other words, it has no smart contracts and is not backed by any assets. The ecosystem that supports its cryptocurrency exchange is called ShibaSwap.
Options to Buy SHIBA INU (Exchanges)
There are two significant ways of purchasing Shiba, centralized and decentralized exchanges. If you tend to use the centralized exchange, for example, eToro, you can proceed to the subsequent step.
Decentralized exchanges (DEX) are the ticket for specific crypto coins, for example, Shiba, since they conform to practically all types of Ethereum-based assets. In this context, the premier source is Uniswap. Uniswap has more than $2 billion locked in its protocols, and a legion of investors are currently using the source to handle their Ethereum-based tokens.
When it comes to using DEX, a specific software wallet, MetaMask or Coinbase Wallet, is a must. These crypto wallets are free of cost in terms of use and enable you to have ownership of your cryptocurrency, dissimilar to particular centralized exchanges.
Buy SHIBA INU Coin in Trust Wallet
As you might know, Shiba runs on the Ethereum blockchain, and one way is to buy ETH and convert it to SHIB. For this tutorial, you must have a Coinbase account and the TrustWallet app to access Uniswap (a decentralized cryptocurrency exchange).
First, you must install the trust wallet app on your Android/Apple phone. Then, create an account on the recommended app. The app includes pancakeswap, which will help you exchange Bitcoin or USDT to Shiba Inu coin.
This is the simple step to purchase and sell Shiba Inu coins on Trust Wallet.
About Trust Wallet
Trust Wallet is a thriving official cryptographic wallet created and managed by Binance. Trust Wallet is a versatile app for crypto users. This means whether a user wishes to send, receive and store Bitcoin, Ethereum, or any other cryptocurrencies, including diverse digital assets securely, the Trust Wallet app is the answer.
The wallet is instrumental in enhancing the interest in your encryption. It helps you play blockchain games and access the up-to-date DApps and Defi platforms. Trust Wallet is a fast and safe multi cryptographic wallet with Binance DEX support, created specifically to be handy and a ticket for hiding cryptographic assets. Trust Wallet is designed to be the ultimate encrypted wallet app, delivering a world-class experience for its users:
Process Of Buying Shiba Inu at Trust Wallet
To purchase the Shiba Inu (SHIB), the steps are simple as follows:
– Visit the official website of Shiba Inu, i.e., www.shibatoken.com.
– Click on Buy, one will view the link to purchase SHIB, LEASH, and BONE
– Hit the link BUY SHIB
It will take you to the Uniswap official website, and you will carry out the process.
You can then move it to your crypto wallet, i.e., Trust Wallet, Coinbase Wallet, and Metamask.
Please note that it is essential to have Ethereum to buy Shiba Inu, and the ETH network fee is relatively more than the other available networks.
Conclusion
So far, most online platforms are offering the Shiba Inu token, but knowing where to buy it can be a problem for most people. This guide should facilitate selecting available cryptocurrency exchanges to purchase SHIB. But you need to check out the price prediction of SHIBA INU before investing in it to avoid the losses.