How To Buy Shiba Inu Online in 2022

Best Exchanges to Buy Shiba Inu Coin

There are many ways to buy Shiba Inu and so we have created a list of the top cryptocurrency platforms below to get you started in no time.

Overall best way to buy Shiba Inu 2022

In this section we have outlined the best platform overall when it comes to buying Shiba Inu.

eToro is the best way to buy SHIB according to our review

Here’s a breakdown of our analysis.

Best platforms to buy and trade Shiba Inu

For those who are looking to trade Shiba Inu, this section is worth reading before getting started.

Buy Shiba Inu using cryptocurrency brokers - the easiest way

These platforms can be used to buy or trade SHIB and other cryptocurrencies.

eToro

eToro is a multi-asset brokerage platform that offers stocks, shares, cryptos and more, including Shiba Inu coins. There are various different features to take advantage of including social trading, charting tools, demo accounts.

• Read our eToro review to learn more about it.

Robinhood

Robinhood is an online discount brokerage and trading platform that offers services for various financial products including cryptocurrencies. Many of the top cryptos are supported including Bitcoin, Ethereum and Shiba Inu.

• Read our Robinhood review to learn what we found.

Eightcap

Eightcap is a global CFD and forex broker that also offers cryptocurrency services. A number of different cryptocurrencies are available for trading and investment including Bitcoin and Shiba Inu.

• Use our Eightcap review to make a better decision.

Buy Shiba Inu on Etoro: step-by-step guide

Can I use my Bitcoin wallet to store Shiba Inu?

No. A Bitcoin wallet cannot support SHIB tokens. You can use a Coinbase Wallet or Trust Wallet instead.

SHIB is an ERC-20 token which can only be stored in the wallets supporting ERC-20 tokens.

Buy Shiba Inu using CFDs - best for trading

Contract for Differences, or CFDs allow traders to speculate on the price of a coin without owning the underlying asset. They also enable leveraged trading which can increase profits through higher risk.

eToro

eToro is a brokerage platform that offers cryptocurrency CFD trading for various cryptocurrencies including Shiba Inu. Its user-friendly interface makes it a platform of choice for beginners.

Eightcap

Eightcap is an online brokerage platform that offers crypto CFD trading on a number of different cryptocurrencies including Shiba Inu, and other memecoins such as Dogecoin.

Buy Shiba Inu CFD on eToro: step-by-step guide

Buy Shiba Inu using cryptocurrency apps - most convenient

Many platforms now offer apps that you can download on your smartphone to trade on the go.

Buy Shiba Inu on eToro App: step-by-step guide

Buy Shiba Inu with exchanges - the cheapest way

Cryptocurrency exchanges allow users to buy digital assets using fiat currencies or other cryptocurrencies. For example, you can purchase Shiba Inu by depositing money from your debit card or by exchanging your existing Bitcoin (BTC) holdings.

Buy Shiba Inu on Binance: step-by-step guide

Buy Shiba Inu using decentralised exchanges - the non-traditional way

Decentralized exchanges allow you to swap one cryptocurrency into another without needing to login to multiple centralised exchanges. You will require some Ethereum (ETH) to get started. This can be sent from an exchange to a wallet that you own.

• Read our guide on buying Ethereum, if you’re unsure on how to get started.

Buy Shiba Inu on Uniswap: step-by-step guide

Should you Buy Shiba Inu as CFD or real cryptocurrency?

Buying a CFD is a preferred method for beginners as it allows users to avoid the technical side of cryptocurrencies. This is because CFDs enable users to speculate on the price of a coin without owning the underlying asset. If you want to know more on CFDs, check our guide on Bitcoin CFDs.

For more advanced traders, cryptocurrency exchanges may be a more suitable choice.

How does this impact tax?

You will be required to pay tax on the profits you make from buying SHIB CFDs. Depending on the country of residence, the tax law may vary so please refer to the relevant authorities in your jurisdiction for the most up-to-date information.

Should I use a CFD or buy real Shiba Inu tokens to own?

Buying Shiba Inu with a CFD

Buying real Shiba Inu

Best ways to buy Shiba Inu

You might want to consider the payment method you use to buy Shiba Inu coins. Different payment methods will have advantages over the others. Here are the most convenient ways to buy Shiba Inu.

Buy Shiba Inu instantly with a bank transfer - Fastest way to buy SHIB

If your chosen platform offers bank transfer deposits, you can use this method to make quick and easy purchases.

The process will be familiar if you have done online banking before so simply follow the onscreen instructions to get started.

Buy Shiba Inu with PayPal - Safest Way to Buy SHIB

PayPal is a popular online payment platform.

If you have an existing PayPal account, check to see if your brokerage/exchange offers this option in the payment section.

Buy Shiba Inu using a debit card - Cheapest Way to Buy SHIB

You can also use a debit card to deposit money in your brokerage account.

Just select it on the drop down menu and enter your details.

Buy Shiba Inu using a credit card

Credit cards are among the most accepted payment methods on trading platforms.

Simply follow the onscreen instructions to deposit money into the platform and make your first Shiba Inu purchase.

Best way to buy Shiba Inu in the UK and USA

Best platforms to buy Shiba Inu in UK

In the UK, eToro is the best platform overall for beginners and more advanced users alike. eToro comes with beginner-friendly features such as CopyTrade as well as advanced charting tools for professional traders.

Best platforms to buy Shiba Inu in USA

In the US, eToro is one of the top platforms to buy SHIB tokens. It is quick to get started with, very easy to use and understand and is packed with features. If you’re looking for more advanced features, Binance might be a better choice.

What are the fees when buying Shiba Inu?

Different platforms charge different fees for their services.

Here’s a breakdown of what that might look like with an example of a €1,000 position in Shiba Inu.

Cheapest way to buy SHIB

Here are the cheapest platforms that offer Shiba Inu markets.

If you’re looking to buy SHIB with almost no fees, Robinhood is the best provider to use. However, if you’re looking for the best and simplest user experience with a slightly higher trading fee, we recommend using eToro.

Should you Buy or Sell Shiba Inu? Pros and cons

Before making an investment, it is worth looking at the pros and cons of the coin you are looking to purchase.

Here are some points to consider when it comes to Shiba Inu.

Top tips and recommendations to buy Shiba Inu

There are multiple ways to buy Shiba Inu and so it’s important to know which platform is best for your needs. Here are some things to consider:

1. Choosing between Shiba Inu broker and a CFD:

   1. For beginners: If you’re a beginner and want to buy Shiba Inu coins, then eToro may be the platform for you due to its user-friendly features and intuitive design.

   2. For advanced: If you’re more advanced and looking to trade Shiba Inu and need advanced charting and other trading tools, then a cryptocurrency exchange such as Binacne or KuCoin may be preferred.

2. Cryptocurrencies are highly volatile and Shiba Inu is no different. Ensure you do your own research and only invest with money you can afford to lose.

3. Shiba Inu has an incredibly large supply. This means that you can buy many SHIB coins for very little money. It’s worth looking at the exchange rate to get a better understanding of what you are buying.

Do you need to pay tax on profits from Shiba Inu?

Yes, you do need to pay tax on profits from Shiba Inu coins. Cryptocurrencies such as Shiba Inu may be liable for taxes so ensure that you contact the relevant authorities in your jurisdiction to get the latest information.

Shiba Inu price prediction: what is the future of SHIB?

Along with the wider market, SHIB has fallen considerably from its recent highs.

It now seems to be heading to the 0.00001650 level on the SHIB/USDT chart. If it is unable to hold this level, then the next likely level is at 0.00000750.

If the price can consolidate at these levels, then it may soon start trending upwards again.

What impacts Shiba Inu price?

The price of Shiba Inu is impacted by a number of factors.

Firstly, many coins on the market including SHIB are correlated with Bitcoin. As such when Bitcoin goes up, many altcoins follow suit and vice versa. Before trading SHIB, it’s important to have a look at the Bitcoin charts as well.

Secondly, if there is an important update regarding the project, then volatile prices may reflect the level of interest in said news.

It’s useful to follow the official social media channels to keep up to date with the latest information.

Here are the official Shiba Inu pages on Twitter and Reddit.

Historical Shiba Inu course: Important milestones in the history of Shiba Inu

The chart below has outlined important events in the historical price action of SHIB.

Should you hold Shiba Inu for the long term or trade for the short term?

Whether you want to hold Shiba Inu for the long term or short term is your personal preference.

If you’re interested in the Shiba Inu project and would like to be an early adopter, you might want to HODL if you believe there is a future. On the other hand, if you’re after making profits from trading, it might be best to stick to short-term holding and benefit from the price swings.

Regardless of your strategy, it is important to have a strategy in mind before investing, that way you can be better prepared in case something happens.

When is the best time to buy Shiba Inu? Should I buy it now?

Shiba Inu is in a downtrend at the time of writing.

This means that it may continue to fall unless something drastic happens in the markets.

It may be worth building a position gradually, that way you can capitalize on potential price drops.

Other ways to buy Shiba Inu in 2022

The above sections have listed all the ways it is possible to buy Shiba Inu.

To recap, these include:

• Best SHIB brokers - eToro

• Top Shiba Inu exchanges - Binance

• Decentralized exchanges - UniSwap

The most convenient way for beginners to get started is through eToro.

How to buy Shiba Inu anonymously?

It is not possible to buy Shiba Inu anonymously as your ID is required during the signing process.

How to buy Shiba Inu without registration?

Registration is a requirement before purchasing Shiba Inu. There are a fe DEXs that would allow you to buy SHIB without registration, however you could still be identified via your wallet address.

How to buy Shiba Inu without verification?

Same here, your ID is needed during the registration process. However, even though you don't need to register on many decentralized exchanges, you still need to connect your wallet which can be easily traced and identified.

How to sell Shiba Inu in 2022? Step-by-step guide using eToro.

When you are ready to close your position in Shiba Inu, these are the steps to follow:

1. Click on portfolio in the top right corner and here you will see all your open positions

2. Scroll down to find your positon in Shiba Inu.

3. Click on the small cross and confirm that you want to close your trade

4. Once completed, the fiat currency you used to purchase such as USD or GBP will be returned to your account balance along with any profits you may have earned.

Key information about the Shiba Inu?

Shiba Inu is one of the top "memecoins", and is currently very popular amongst investors.

Is Shiba Inu is a risky or safe investment

Any investment carries risk and Shiba Inu is no different. Cryptocurrencies are volatile assets and SHIB is prone to wide price fluctuations in both directions.

Since Shiba Inu is a meme token, it has limited utility compared to other cryptocurrencies and its important to know these facts before investing.

What are the Shiba Inu coin alternatives?

Shiba Inu is not the only meme token on the market, here are some others to keep in mind.

Is it still worth investing in Shiba Inu or not? Reasons to buy SHIB in 2022

Shiba Inu is one of the most popular cryptocurrency meme tokens on the market.

It started out as a clone of Dogecoin but has now grown to become an ecosystem of different platforms.

The SHIB token has fallen considerably from its peak in 2021 along with the wider global markets. It has remained in a downtrend ever since and now seems to be consolidating just above a support level.

With a current market capitalization of around $11 billion, it will take substantial amounts of money to push this coin back up to the highs.

However, cryptocurrencies are unpredictable and no one knows exactly what will happen.

As always, do your own research and only invest with money you can afford to lose.