Best Places Buy Shiba Inu - Traders Union
Have you been wondering where to buy Shiba Inu? Shiba Inu shook up the world last year, outperforming almost every asset on the planet at some points. The Shiba Inu craze began after Dogecoin — which was created as a joke similar to DOGE — and then Shiba Inu exploded.
Shiba Inu (SHIB) cryptocurrency was launched in August 2020 to overtake Dogecoin. Shiba was nicknamed the "DOGE Killer." Shiba Inu flipped Dogecoin's market cap on October 27, becoming the alpha pup. Dogecoin has, however, reclaimed the title of most valuable meme coin. Yet SHIB, the name of the tokenized Shiba Inu coin, remains one of the largest cryptocurrencies in the world.
In this guide, the Traders Union explains everything you need to know about buying SHIB. This guide explains Shiba Inu's stats in detail, where it can be purchased, which exchanges offer Shiba Inu, and also how to buy it.
Best platform to buy Shiba Inu (SHIB) are:
ByBit - best for active Shiba Inu (SHIB) traders
KuCoin - best platform to stake Shiba Inu
Binance US - best place to buy SHIB in the US
Huobi Global - best platform for copy trading SHIB
What is the Shiba Inu coin?
It is a cryptocurrency that was created with the Shiba Inu dog breed as its mascot. Since its launch in 2020, it has since become one of the most popular cryptocurrencies. The Shiba Inu coin is based on the Ethereum blockchain and uses the ERC-20 token standard.
The coin has a total supply of 10 quadrillion and a circulating supply of approximately 4.8 trillion. The Shiba Inu coin is commonly traded on many crypto exchanges. The coin's popularity is due to its low price and its memes, which have helped to generate a large online community. The Shiba Inu coin is often referred to as "the meme coin" or "the Dogecoin killer."
In the same way that other cryptocurrencies run on decentralized computer networks, Shiba Inu also runs on a decentralized computer network. Using this blockchain database, each transaction is recorded and tracked in a central repository that is used to keep track of and manage crypto coins. Due to this, the database provides a record of the movements of the cryptocurrency over an extended period.
A decentralized exchange called ShibaSwap was set up behind the tokens by its design team. It allows users to provide liquidity, stake coins, retrieve coins from Uniswap or SushiSwap, and swap coins peer-to-peer (P2P). The exchange is similar to others such as Uniswap and SushiSwap.
Best Platforms to Buy Shiba Inu (SHIB) in 2024
There are multiple platforms available for buying Shiba Inu (SHIB) in 2023, each with unique features and characteristics. It's important to research and compare these platforms to find the one that best suits your preferences and needs. Here is a comparison of some of the best ones.
ByBit - Best Platform for Shiba Inu (SHIB) Trading
Bybit is a Singapore-based cryptocurrency exchange that provides both spot trading and derivatives trading, such as futures contracts. It charges zero fees for spot trading and offers low fees of 0.01% for makers and 0.06% for takers on derivatives trading, which can be reduced based on monthly trading volume.
Bybit has over 280 coins, including Shiba Inu (SHIB), and recently introduced SHIB/USDC as a new spot trading pair. Bybit supports high-leverage trades of up to 100x on their Bitcoin perpetual swap futures, but it's unclear whether futures contracts are available for SHIB.
While Bybit does not offer staking for SHIB, it does provide interest-bearing accounts for users to earn interest on their cryptocurrency holdings. Bybit offers Shiba Inu (SHIB) spot trading pairs, including SHIB/USDC, GMT/USDC, LINK/USDC, and CHZ/USDC.
KuCoin - Best Platform To Stake Shiba Inu
KuCoin offers spot trading for SHIB/USDT, which enables users to buy and sell SHIB for USDT in real time. The exchange also provides futures trading for SHIB with up to 20x leverage, enabling users to speculate on the future price of SHIB and potentially earn profits if the price increases.
KuCoin charges trading fees for both spot and futures trading. The spot trading fee is 0.1% for both makers and takers. The futures trading fee varies depending on the contract type and duration. For example, the fee for a perpetual contract with a duration of less than one week is 0.03% for makers and 0.05% for takers. The fee for a quarterly contract with a duration of three months is 0.02% for makers and 0.03% for takers.
KuCoin also offers staking services for Shiba Inu (SHIB), allowing users to lend liquidity in SHIB to generate daily interest for periods of seven, 14, or 28 days. The amount of interest earned depends on the duration of the lending period and the amount of SHIB lent.
Binance US - Best Place to Buy Shib in the US
Binance.US is a cryptocurrency exchange that provides a platform for the purchase and sale of approximately 125 cryptocurrencies, including Shiba Inu (SHIB). Binance.US currently offers over 150 crypto-to-crypto trading pairs, but trading pairs are limited to Bitcoin and stablecoins.
Spot trading fees range from 0% to 0.6% for cryptocurrencies other than Bitcoin, and even casual users can trade Bitcoin for free. To buy SHIB on Binance.US, users must create a free account on the website or app and deposit BUSD, USDT, or SHIB to their wallet before placing a buy order for SHIBA INU via the SHIB/BUSD or SHIB/USDT trading pair.
Binance.US also offers staking and rewards for holding SHIB, allowing users to earn rewards for staking their cryptocurrency. Binance.US has a 4.5 out of 5 stars rating for its staking and rewards program for SHIB. However, the exact amount users can earn from staking SHIB is dependent on factors such as the amount of SHIB held, the staking period, and current market conditions.
Huobi Global - Best for SHIB Copy Trading
Huobi Global is a cryptocurrency exchange that provides a range of services, including spot and futures trading, staking, and lending. The platform supports over 350 cryptocurrencies, including Shiba Inu (SHIB). The base trading fee for spot trading is 0.2%, but users can receive discounts if they hold a certain amount of Huobi Tokens. Depositing cryptocurrency is free, but there is a fee for fiat wire transfers, and the withdrawal fee for Bitcoin is 0.0001 BTC.
Huobi Global also offers leveraged trading of up to 5x for spot markets on over 80 tokens, including SHIB. Tokens available for leveraged trading on the spot market can be identified by a blue box with a number and the letter "x." Additionally, Huobi Global provides derivatives trading, such as traditional futures, perpetual swaps, and coin-margined futures.
Users can earn rewards by staking certain cryptocurrencies in their accounts through Huobi Global's staking services. HUSD staking can yield up to 12% APY, and HT staking can generate up to 20% APY via Huobi Earn.
The exchange also offers a copy trading option for both spot and futures trading, allowing users to automatically copy the trades of successful traders on the platform. Users can choose to become copied traders or copy trading followers, depending on their trading experience and goals.
Shiba Inu Price Predictions 2024, 2025, 2030
At Traders Union, we have developed a sophisticated prediction model to forecast the future price of Shiba Inu. Our model takes into account various factors, such as market trends, trading volume, and investor sentiment, to generate accurate price predictions for the years 2023, 2025, and 2030. We believe that our predictions can be valuable insights for traders looking to make informed decisions about their investments in Shiba Inu.
Shiba Inu (SHIB) Price Prediction 2024
| Month | Minimum Price | Maximum Price | Average Price |
|---|---|---|---|
| May 2024 | $0.000024 | $0.0000294 | $0.0000267 |
| June 2024 | $0.0000243 | $0.0000297 | $0.000027 |
| July 2024 | $0.0000246 | $0.0000301 | $0.0000273 |
| August 2024 | $0.0000249 | $0.0000304 | $0.0000277 |
| September 2024 | $0.0000252 | $0.0000308 | $0.000028 |
| October 2024 | $0.0000255 | $0.0000312 | $0.0000283 |
| November 2024 | $0.0000258 | $0.0000315 | $0.0000287 |
| December 2024 | $0.0000261 | $0.0000319 | $0.000029 |
Long-term Shiba Inu (SHIB) Price Prediction
| Year | Price in the middle of the year | Price at the end of the year |
|---|---|---|
| 2023 | $0.000011813 | $0.0000157 |
| 2024 | $0.00001958 | $0.000026 |
| 2025 | $0.00002227 | $0.000030 |
| 2026 | $0.0000338 | $0.00005 |
| 2027 | $0.00005 | $0.00007 |
| 2028 | $0.00006682 | $0.000089 |
| 2029 | $0.0000878 | $0.000117 |
| 2030 | $0.000113805 | $0.00015174 |
| 2031 | $0.000131625 | $0.0001755 |
| 2032 | $0.000157275 | $0.0002097 |
| 2033 | $0.000181575 | $0.0002421 |
| 2034 | $0.00019575 | $0.000261 |
How to buy SHIB with a credit or debit card
If you’re interested in buying SHIB with a credit or debit card and you don’t know where to start, don’t worry! The Traders Union has outlined the steps for doing so through Bybit, and the process on other exchanges is substantially similar.
Creating a Bybit account
To buy and sell SHIB, you'll need to create an account with any crypto exchange. Bybit is used below as an example.
Creating an Account
Next, continue by providing the verification code that is sent to your email.
Buying SHIB with a credit card
The actual process of trading on Bybit is quite easy, and all you need to do is click the "Buy Crypto" option that can be found on the left of the dashboard screen to get started. Finally, link your debit or credit card to your Bybit account.
Step 1: From the navigation bar, click Buy Crypto -> Express.
Buy Crypto
Step 2: Link your credit/debit card first if you're using a credit/debit card for the first time. Alternatively, follow the steps below if you already have a linked your credit/debit card:
Buying USDT with a credit card
Choose the fiat currency you wish to pay with.
Choose the coin you would like to receive in your user account.
Enter the purchase amount. Depending on your needs, you can enter the transaction amount based on fiat currency or altcoin amount.
Choose the credit/debit card you've linked.
Click on Buy Button.
Step 3: Click Confirm after verifying the information that you entered is accurate.
Buying USDT with a credit card
Step 4: Card payment is processing.
Step 5: Transaction is complete.
Click on View Asset to check your balance. You’ll receive your order status by SMS, email, and notification if you've enabled them.
And that’s it! You've now bought SHIB with your credit or debit card. The process is quite similar on other exchanges, so you shouldn't have any trouble doing it on a different platform.
How to buy Shiba Inu coins in the US
If you're looking to buy SHIB in the US, there are several options available to you. The best option among all of them for US users is Binance US.
Creating a user account and making deposits
To buy SHIB on Binance US, you'll first need to create a free account on the Binance US platform.
After that, add your payment method (bank account or credit card) and make your first deposit by following the below items.
Step 1: Log in to your Binance.US user account on the web. To access the drop-down menu, hover over your email in the top right corner. Go to Account & Settings.
Binance US Account
Step 2: Go to the Payment Management section and click Manage. Then click Add a New Account.
Add a New Account
Step 3: You can choose from ACH, debit card, or domestic wire as a payment method. Then provide information to link your payment method.
Step 4: Next, click the Wallet tab in the Binance US header bar and select Deposit. Make sure to select USD from the dropdown menu.
the Wallet tab
After that, enter the USD amount that you wish to deposit, choose the Payment method from which you wish to deposit, and finally click Preview Deposit. Check the box beside the terms of use after reading and agreeing to them. Verify the details of the deposit. Click Confirm Deposit if everything is correct.
As soon as your deposit is processed, you should receive a notification. In your e-wallet, click the Deposits and Withdrawals tab to see a list of your latest transactions and their statuses.
Buying SHIB tokens
Now that you have deposited USD into your Binance US account, you're ready to buy SHIB.
Step 1: Hover over the Buy Crypto tab on the top navigation bar and click on SHIB.
Step 2: Select your preferred payment method from the drop-down menu. If you deposited USD via ACH or wire, select ACH/Wire. If you deposited using a debit card, select Debit Card.
Step 3: Enter the amount of USD that you want to spend on SHIB, or how much SHIB you want to buy. Then click Buy SHIB.
Step 4: Review the trade details and confirm the transaction.
Your SHIB will appear in your Funding Account as soon as the transaction is processed.
How to store Shiba Inu coins
Now that you've bought SHIB tokens, you need to find a safe place to store them. The most important thing to remember when it comes to cryptocurrency is that if you don't own your private keys, you don't own your coins.
This means that you need to find a wallet that will allow you to control your own private keys. There are a few different options available when it comes to e-wallets, like hot wallets and cold wallets. Also, you have the option to stake your SHIB.
Hot wallet
👍 Advantages of storing SHIB coins in a hot wallet:
•The user has immediate access to their SHIB coins whenever they need them.
•The user does not need to worry about losing their SHIB coins, as they are always accessible.
•The user can easily conduct transactions with other users who also have a hot wallet.
•The user can receive payments from other users easily and quickly.
👎 Disadvantages of storing SHIB coins in a hot wallet:
•If the user's computer is hacked, their SHIB coins may be stolen.
•If the website or company hosting the hot wallet is hacked, the user's SHIB coins may be stolen.
•The user is responsible for keeping their computer safe and secure to protect their SHIB assets.
Cold wallet
👍 Advantages of storing SHIB coins in a cold wallet:
•Security: Cold wallets are considered to be more secure than other storage options because the private keys are not stored on any internet-connected device. This makes it difficult for hackers to gain access to your coins.
•Ease of use: Cold wallets are easy to use and can be accessed from anywhere in the world.
👎 Disadvantages of storing SHIB coins in a cold wallet:
•Lack of convenience: Cold wallets are not as convenient as other storage options because you need to have access to a computer or phone to use them.
SHIB staking
SHIB staking is a new and innovative way to secure SHIB tokens and earn rewards.
👍 There are several advantages of SHIB staking:
•Security: By locking up SHIB tokens in a staking contract, holders can help secure the network and earn rewards for doing so.
•Stability: Staking helps to stabilize the SHIB network by providing a steady flow of rewards that incentivizes participants to hold SHIB tokens.
👎 There are also some disadvantages to consider:
•Risks: There are always risks associated with investing in cryptocurrencies, and staking is no exception. Participants could lose their tokens if the network fails or if they make a mistake when locking them up.
•Hassle: Staking requires setting up a staking contract and keeping track of rewards and payments. This can be complicated for new users and may deter some people from participating.
Should you buy Shiba Inu coins in 2024?
There is a risk associated with investing in cryptocurrencies. Even if you believe you have made the right decision, taking
calculated risks and being prepared for losses are essential.
SHIB is a cryptocurrency that offers a great deal of potential, but SHIB's price is highly volatile, so you should only invest what you can afford to lose. With a strong community and the support of multi-billionaire Elon Musk, Shiba Inu could continue and expand its success.
If you're considering investing in Shiba Inu, make sure you're comfortable with the risks before acting on your decision.
Summary
To make money trading SHIB, it would be best to buy and hold it. You can purchase and trade Shiba Inu online at websites and apps like Bybit, Binance US, Kraken, Currency.com, and Coinbase.
Your Shiba Inu coins can either be stored in hot wallets or cold wallets, depending on what you prefer. You can also stake your Shiba Inu assets to earn interest on them.
FAQs
Does Shiba Inu have a successful future?
Because Shiba Inu tokens have active support from the community, most experts agree that it has a positive future. However, meme coins are extremely volatile, so a stronger drop in value is also possible.
What is the best platform to buy Shiba Inu?
There are many platforms that allow you to buy and trade Shiba Inu. Some of the most popular platforms include Bybit, Binance US, Kraken, Currency.com, and Coinbase.
What is the difference between hot wallets and cold wallets?
A hot wallet is a digital asset storage solution that is connected to the internet, while a cold wallet is a storage solution that is not connected to the internet.
How do I stake my Shiba Inu coins?
To stake your Shiba Inu coins, you'll need to set up a staking contract and deposit your tokens into it. You'll then earn rewards for helping to secure the network.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.