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How To Buy Shiba Inu Online in 2022

Last updated 22nd Jun 2022
Disclosure

Shiba Inu (SHIB) is one of the most popular “memecoins” on the crypto market with and has been a source of tremendous gains for many investors. It has now evolved into its own ecosystem and is available for purchase on several platforms including eToro, Robinhood and Eightcap.

If you would like to learn more about how to buy Shiba Inu then this guide is for you.

Read on to find out all there is to know.

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.

1
eToro
Minimum Deposit
$200
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
UpHold
Minimum Deposit
$1
Exclusive Promotion
User Score
7
High profit potential
Highly rated
Clear user interface
3
Coinbase
Minimum Deposit
$50
Exclusive Promotion
User Score
6
Trade and invest in over 25 cryptocurrencies
Extremely simple user interface
Over 68 million customers
4
Paybis
Minimum Deposit
$50
Exclusive Promotion
User Score
5
First transaction fee free
24/7 customer service
Instant payouts

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.

💰 Trade Values:CFDs, Cryptocurrencies, Commodities, Forex, Indices,
📊Platforms:Website, mobile app
🏆 Demo Account Available:Yes
📺 Ease of use:Very easy
⭐ Our rating:4.9 / 5.0
📱 App Available:iOS & Android
🧩 Regulation:CySec
💰 Fees:0% commission on stocks. 1% on crypto assets.
🔁 CFDs Available:Yes
⚽ Social Trading:Yes

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.

ProviderFee (1000EUR)Get Started
🥇 eToro1%Start with eToro now
🥈Robinhood0% (may vary by trade)Start with Robinhood now
🥉 Eightcap0.1%Start with Eightcap now

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.

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.

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.

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

Register for eToro account
Fund your account to buy SHIB
Find the Shiba Inu markets
Buy SHIB
Additional step: Send Shiba Inu to ERC-20 wallet
Sending Shiba Inu coins to the wallet is not necessary but is recommended if you want to store your SHIB tokens for a long time.

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.

ProviderFee (1000EUR)Get Started
🥇 eToro1%Start with eToro now
🥈 Eightcap0.1%Start with Eightcap now
🥉Capital.com0%Start with Capital.com now

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

Register for eToro CFD account
Fund your CFD account
Find the Shiba Inu markets
Buy SHIB CFD

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.

ProviderFee (1000EUR)Get Started
🥇 eToro App1%Download now
🥈 Robinhood App0% (may vary by trade)Download now
🥉 Binance App0.1%Download now

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

Download the eToro app
Register or sign-in
Find the Shiba Inu markets
Buy SHIB through the app

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.

ProviderFee (1000EUR)Get Started
🥇 Binance0.1%Start with Binance now
🥈 Coinbase0% - 0.40%Start with Coinbase now
🥉 Gemini1.49%Start with Gemini now

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

Register for Binance account
Fund your Binance account
Convert you fiat currency to USDT
Swap into Shiba Inu
Confirm the swap on BSCScan

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.

ProviderFee (1000EUR)Get Started
🥇 UniswapDepends on network congestion.Get started now
🥈 PancakeSwapDepends on network congestion.Get started now
🥉 SushiSwapDepends on network congestion.Get started now
#4 ShibaSwapDepends on network congestion.Get started now

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

Navigate to Uniswap and connect wallet
Choose your wallet, for example MetaMask
Find Shiba Inu Markets
Exchange Ethereum into Shiba Inu
Receive the tokens
Additional Step: Confirm the transaction using the blockchain explorer

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

Pros

Can avoid technical side of crypto when buying SHIB
Can use leverage to increase profits from trading SHIB tokens
CFDs are very easy to use
Can make money even if SHIB price falls

Cons

Do not own Shiba inu token
May not be able to withdraw SHIB tokens to a private wallet
Can be liquidated if using leverage
There may be a mark up on SHIB prices

Buying real Shiba Inu

Pros

Own Shiba Inu coins in your wallet for as long as you want
Can withdraw SHIB to private wallet
SHIB price determined by the market, not broker

Cons

Shiba Inu brokers can be complicated for beginners
Shiba Inu coins can be lost if sent to the wrong wallet
May have to pay high transaction fees

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.

SHIB tokens are not available to buy directly on the PayPal app. However, you can use it as a deposit method to fund your exchange / brokerage account.

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.

Depending on the debit card you use and the amount you deposit, you might be required to confirm the transaction with your bank.

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.

Buying cryptocurrencies with a credit card can incur high fees. Please consult with your bank before using your CC to buy Shiba inu coins.

Best way to buy Shiba Inu in the UK and USA

Best platforms to buy Shiba Inu in UK

ProviderFee (1000EUR)Get Started
🥇 eToro1%Get started now
🥈 Robinhood0% (may vary by trade)Get started now
🥉 Binance0.1%Get started now

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

ProviderFee (1000EUR)Get Started
🥇 eToro1%Get started now
🥈 Robinhood0% (may vary by trade)Get started now
🥉 Binance0.1%Get started now

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.

PlatformeToroRobinhoodBinance
Deposit fees0%0%0%
Purchase fees1%0%0.1%
Holding fees0%0%0%
Selling Fees1%0%0.1%
Payout fees$50%0%
Total fees1% + $50%0.1%

Cheapest way to buy SHIB

Here are the cheapest platforms that offer Shiba Inu markets.

ProviderFee (1000EUR)Get Started
🥇 Robinhood0% (may vary by trade)Get started now
🥈 eToro1%Get started now
🥉 Binance0.1%Get started now

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.

Pros

Well-known name and brand
Can own many coins for low price
Available on many different platforms

Cons

Memecoins have a lot of competition
Has limited utility
May be too big to return huge returns now

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?

Cryptocurrencies are highly volatile assets and Shiba Inu is no different.

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.

Buy Shiba Inu shares & stocks
Can you Buy Shiba Inu offline?
Can you mine Shiba Inu?
Use a Shiba Inu faucet
Stake Shiba Inu
Shiba Inu DEX - ShibaSwap
Can I Receive Shiba Inu as a tip or a gift (same as with Dogecoin)?
Can I spend Shiba Inu?

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.

Coin nameShiba Inu
Coin symbolSHIB
Coin supply549,146,987,315,505
Market cap$11,094,664,619
Supply cap1,000,000,000,000,000
Type of the coinMeme Token

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.

Rule number one is to only invest with money you can afford to lose.

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.

CoinSymbolLearn how to buy
DogecoinDOGEBuy DOGE
Floki InuFLOKIBuy FLOKI
Dogelon MarsELONBuy ELON
SafeMoonSAFEMOONBuy SAFEMOON

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.

FAQs

Can I buy and sell Shiba Inu coin in any country?
Is there a limit to how many Shiba Inu coins I can buy?
Where can I buy and sell Shiba Inu without an ID in 2022?
Can I buy and sell Shiba Inu Instantly?
What Is Shiba Inu (SHIB)?
How does Shiba Inu (SHIB) work?
What is the best platform to buy Shiba Inu?
Will Shiba Inu go to the moon in 2022?
Can Shiba Inu reach 1 Cent, 1 Dollar or 1 Euro?
Is it worth investing in Shiba Inu right now in 2022?
Will Shiba Inu continue to increase in value?
Do I need a Shiba Inu wallet?
Can you store Shiba Inu on Metamask?
How many Shiba Inu coins are there?
Can you buy Shiba Inu on Binance? Is it worth it?
Can I buy Shiba Inu on Crypto.com? Is it worth it?
Can I pay with Shiba inu?
How do I find Shiba Inu on an exchange?
Can you mine Shiba Inu using an app?
Does Shiba Inu have its own blockchain?
Is Shiba Inu ERC20 token?
What is a meme coin?
What caused the Shiba Inu price to skyrocket?
Where can I find more Shiba Inu news?
Has SHIB been audited?
Amala Pillai

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.