Shiba Inu (SHIB) is one of the most popular “meme coins” 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.
What is the Shiba Inu coin? The Shiba Inu coin was launched in August 2020 as a meme coin with the vision of creating a decentralized ecosystem. The SHIB ecosystem consists of a decentralized exchange called ShibaSwap.
But how to buy a Shiba Inu coin? Is it worth buying the Shiba Inu coin (SHIB) now? If you would like to learn more about how to buy a Shiba Inu coin, then this guide is for you. We will show you the best and the easiest ways to buy Shiba Inu coins, and also some payment methods to use when it comes to buying Shiba Inu coins.
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.
Overall Best Way to Buy Shiba Inu 2023
In this section, we have outlined the best platform overall when it comes to buying Shiba Inu coins.
eToro is the Best Way to Buy SHIB According to Our Review
Here’s a breakdown of our analysis.
| 💰 Trade Values: | Cryptocurrencies, Stocks, ETFs |
| 📊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. |
| ⚽ Social Trading: | Yes |
Best Platforms to Buy and Trade Shiba Inu
For those who are looking to trade the Shiba Inu coin, 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.
| Provider | Fee | Get Started |
| 🥇 eToro | 1% | Visit eToro |
| 🥈Robinhood | 0% (may vary by trade) | Visit Robinhood |
| 🥉 Eightcap | 0.1% | Visit Eightcap |
eToro disclaimer: 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.
eToro
| Partner Name Label | Label | CTA | Disclaimer | |||||
|---|---|---|---|---|---|---|---|---|
 | 1. eToro | 4.8 | Visit Websiteetoro.com | 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, does not fall under EU protections & is not supervised by the EU regulatory framework. Investments are subject to market risks, including the loss of principal. |
eToro is a multi-asset brokerage platform that offers stocks, shares, cryptos, and more, including the Shiba Inu coin. There are various different features to take advantage of including social trading, charting tools, and demo accounts. If you're getting started, eToro is a very good platform for buying Shiba Inu as a beginner.
Read our eToro review to learn more about it.
Robinhood
| Partner Name Label | Label | CTA | Disclaimer | |||||
|---|---|---|---|---|---|---|---|---|
 | 1. Robinhood | 3.0 | Visit Websiterobinhood.com |
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
| Partner Name Label | Label | CTA | Disclaimer | |||||
|---|---|---|---|---|---|---|---|---|
 | 1. Eightcap | 4.4 | Visit Websiteeightcap.com | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
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 coin.
Use our Eightcap review to make a better decision.
Buy Shiba Inu on Etoro: a step-by-step guide
Step 1: Register for eToro Account
Step 2: Fund Your Account to Buy SHIB
Step 3: Find the Shiba Inu Markets
Step 4: Buy SHIB
Step 5: Additional Step: Send Shiba Inu to ERC-20 Wallet
What can I do with Shiba Inu coin?
Another critical thing to consider when researching how to buy a Shiba Inu coin is where you will hold the coin post-purchase. Since SHIB could be one of the best long-term crypto investments, it's vital to set up a crypto wallet that can store your holdings safely for an extended period. Store your newly purchased Shiba Inu (SHIB) in your preferred wallet. We created a complete guide on the best Shiba Inu wallets so you can get all the information you may need after purchasing a Shiba Inu coin and find where to store the crypto asset.
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 that can only be stored in the wallets supporting ERC-20 tokens.
Buy Shiba Inu Using CFDs - Best for Trading
Contract for Differences or CFDs allows traders to speculate on the price of Shiba Inu coins without owning the underlying asset. They also enable leveraged trading which can increase profits through higher risk.
| Provider | Fee | Get Started |
| 🥇 Eightcap | 0.1% | Visit Eightcap |
| 🥈 Capital.com | 0% | Visit Capital.com |
Eightcap
| Partner Name Label | Label | CTA | Disclaimer | |||||
|---|---|---|---|---|---|---|---|---|
| 1. Eightcap | 4.4 | Visit Websiteeightcap.com | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Eightcap is an online brokerage platform that offers crypto CFD trading on a number of different cryptocurrencies including Shiba Inu coin, and other meme coins such as Dogecoin (SHIB vs DOGE).
Capital.com
| Partner Name Label | Label | CTA | Disclaimer | |||||
|---|---|---|---|---|---|---|---|---|
 | 1. Capital.com | 3.3 | Visit Websitecapital.com/ | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.19% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Capital.com is a popular CFD trading platform thanks to its high-speed technology and intuitive interfaces. As well as cryptocurrency CFDs like Shiba Inu, you'll be able to trade CFDs on other markets, like shares, commodities, forex, and indices.
Buy Shiba Inu CFD on Eightcap: step-by-step guide
Step 1: Create an Account
Step 2: Fund Your CFD Account
Step 3: Find the Shiba Inu Markets
Step 4: Buy SHIB CFD
Buy Shiba Inu Using Cryptocurrency Apps - Most Convenient
Many platforms now offer crypto apps that you can download on your smartphone to trade on the go.
| Provider | Fee | Get Started |
| 🥇 eToro App | 1% | Visit eToro |
| 🥈 Robinhood App | 0% (may vary by trade) | Visit Robinhood |
| 🥉 Binance App | 0.1% | Visit Binance |
eToro disclaimer: 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.
Buy Shiba Inu on eToro App: a step-by-step guide
Step 1: Download the eToro App
Step 2: Register or Sign-in
Step 3: Find the Shiba Inu Markets
Step 4: Buy SHIB Through the App
Buy Shiba Inu With Exchanges - the Cheapest Way
Crypto exchanges are marketplaces that allow traders to trade cryptocurrencies. Additionally, crypto exchanges allow users to buy digital assets using fiat currencies or other cryptocurrencies. For example, you can buy a Shiba Inu coin by depositing money from your debit card or by exchanging your existing Bitcoin (BTC) holdings. Shiba Inu is available on many major crypto exchanges. You can check out some cryptocurrency exchange options below:
| Provider | Fee | Get Started Now |
| 🥇 Binance | 0.1% | Visit Binance |
| 🥈 Coinbase | 0% - 0.60% | Visit Coinbase |
| 🥉 Gemini | 1.49% | Visit Gemini |
Buy Shiba Inu on Binance: a step-by-step guide
Step 1: Register for Binance Account
Step 2: Fund Your Binance Account
Step 3: Convert You Fiat Currency to USDT
Step 4: Swap into Shiba Inu
Step 5: 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 log in to multiple centralised crypto exchanges. You will require some Ethereum (ETH) to get started. This can be sent from an exchange to a wallet that you own.
| Provider | Fee |
| 🥇 Uniswap | Depends on network congestion. |
| 🥈 PancakeSwap | Depends on network congestion. |
| 🥉 SushiSwap | Depends on network congestion. |
| #4 ShibaSwap | Depends on network congestion. |
Buy Shiba Inu on Uniswap: a step-by-step guide
Step 1: Navigate to Uniswap and Connect Wallet
Step 2: Choose Your Wallet, for Example MetaMask
Step 3: Find Shiba Inu Markets
Step 4: Exchange Ethereum into Shiba Inu
Step 5: Receive the Tokens
Step 6: 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 Shiba Inu coin or another coin price without owning the underlying asset. If you want to know more about CFDs, check our guide on Bitcoin CFDs.
For more advanced traders, crypto exchanges may be a more suitable choice to buy Shiba Inu coins.
How Does This Impact Tax?
You will be required to pay tax on the profits you make from buying Shiba Inu 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 coins.
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 to buy Shiba Inu coins. If you would like to know how to buy Shiba Inu with PayPal, don't worry, the process is very easy.
If you have an existing PayPal account, check to see if your brokerage/exchange offers this option in the payment section before buying the Shiba Inu coin.
Buy Shiba Inu Using a Debit Card
You can also use a debit card to buy Shiba Inu coins. This is one of the most convenient ways to buy as you can save your card details to speed up the process in future. What's more, some platforms have a feature that enables you to make instant debit card purchases without depositing first. However, you should be warned that some platforms charge higher fees for debit card purchases.
Where to buy Shiba Inu with debit card
Debit cards are widely accepted by many brokers and exchanges. Here are some of the best platforms to buy Shiba Inu with debit card.
| Platform | Debit card fee | Get started |
|---|---|---|
| 🥇 eToro | Free | Visit eToro |
| 🥈 Coinbase | 3.99% | Visit Coinbase |
| 🥉 Kraken | 3.75% | Visit Kraken |
How to buy Shiba Inu with debit card
It's pretty straightforward to buy SHIB with a debit card. Just follow these steps:
Click on a link in the table above to sign up to a platform that offers SHIB and accepts debit cards
Complete any verification process required by uploading an image of your photo ID
Go to the deposit page, choose debit card as the payment method, and enter how much you want to deposit
Go to the Shiba Inu page and click "Buy" or "Trade"
Enter the amount of SHIB you want to buy and confirm your purchase
Buy Shiba Inu Using a Credit Card
There are plenty of SHIB platforms that support credit cards, so you'll have some choice in which to use. However, you could incur high fees for using a credit card on some platforms. On the plus side, it's very easy, and you can even opt for an instant card purchase instead of depositing on some platforms.
Buying cryptocurrencies with a credit card can incur high fees. Please consult with your bank before using your credit card to buy Shiba inu coins.
Where to buy Shiba Inu with credit card
Credit cards are almost as widely accepted as debit cards. Below are some of the top platforms that enable buying SHIB with your credit cards
| Platform | Debit card fee | Get started |
|---|---|---|
| 🥇 Coinbase | 3.99% | Visit Coinbase |
| 🥈 Kraken | 3.75% | Visit Kraken |
| 🥉 Binance | 1.8% | Visit Binance |
How to buy Shiba Inu with credit card
Credit cards are one of the easiest ways to buy SHIB. You can do so by following the steps below
Click on a link in the table above to sign up to a platform that offers SHIB and accepts credit cards
Complete any verification process required by uploading an image of your photo ID
Go to the deposit page, choose credit card as the payment method, and enter how much you want to deposit
Go to the Shiba Inu page and click "Buy" or "Trade"
Enter the amount of SHIB you want to buy and confirm your purchase
Best Way to Buy Shiba Inu in the UK and USA
Best Platforms to Buy Shiba Inu in the UK
| Provider | Fee | Gest Started |
| 🥇 eToro | 1% | Visit eToro |
| 🥈 Robinhood | 0% (may vary by trade) | Visit Robinhood |
| 🥉 Binance | 0.1% | Visit Binance |
In the UK, eToro is the best platform overall for beginners and more advanced users alike. eToro comes with beginner-friendly features such as CopyTrader as well as advanced charting tools for professional traders.
eToro disclaimer: 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.
Best Platforms to Buy Shiba Inu in the USA
| Provider | Fee | Get Started |
| 🥇 eToro | 1% | Visit eToro |
| 🥈 Robinhood | 0% (may vary by trade) | Visit Robinhood |
| 🥉 Binance | 0.1% | Visit Binance |
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.
eToro disclaimer: 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.
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 the Shiba Inu coin.
| Platform | eToro | Robinhood | Binance |
| Deposit fees | 0% | 0% | 0% |
| Purchase fees | $10 | 0% | $1 |
| Holding fees | 0% | 0% | 0% |
| Selling Fees | $10 | 0% | $1 |
| Payout fees | $5 | 0% | 0% |
| Total fees | $25 | 0 | $2 |
Cheapest Way to Buy SHIB
Here are the cheapest platforms that offer Shiba Inu markets.
| Provider | Fee | Get Started |
| 🥇 Robinhood | 0% (may vary by trade) | Visit Robinhood |
| 🥈 eToro | 1% | Visit eToro |
| 🥉 Binance | 0.1% | Visit Binance |
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.
eToro disclaimer: 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.
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 buying or selling Shiba Inu coins.
Top Tips and Recommendations to Buy Shiba Inu Today
There are multiple ways to buy Shiba Inu coins and so it’s important to know which platform is best for your needs. Here are some things to consider:
Choosing the right Shiba Inu platform:
For Beginners: If you’re a beginner and want to buy a Shiba Inu coin, then eToro may be the platform for you due to its user-friendly features and intuitive design.
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 Binance or KuCoin may be preferred.
Cryptocurrencies are Highly Volatile and the Shiba Inu Coin is no Different: Ensure you do your own research and only invest with money you can afford to lose.
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 coin. 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 of the Shiba Inu coin can consolidate at these levels, then it may soon start trending upwards again.
What Impacts the Price of Shiba Inu?
The price of the Shiba Inu coin 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 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 a Shiba Inu coin 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 2023
The above sections have listed all the ways it is possible to buy a Shiba Inu coin.
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 a Shiba Inu coin. There are a few 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.
Key Information About the Shiba Inu?
Shiba Inu coin is one of the top "memecoins", and is currently very popular amongst investors.
| Coin name | Shiba Inu |
| Coin symbol | SHIB |
| Coin supply | 549,146,987,315,505 |
| Market cap | $11,094,664,619 |
| Supply cap | 1,000,000,000,000,000 |
| Type of the coin | Meme Token |
Is Shiba Inu a Risky or Safe Investment
Any investment carries risk and the Shiba Inu coin is no different. Cryptocurrencies are volatile assets and SHIB is prone to wide price fluctuations in both directions.
Since the Shiba Inu coin is a meme token, it has limited utility compared to other cryptocurrencies, and it's important to know these facts before investing.
What Are the Shiba Inu Coin Alternatives?
Shiba Inu coin is not the only meme coin 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 2023
Shiba Inu coin 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.
Before considering buying the Shiba Inu coin, it must be known that 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 SHIB back up to the highs.
However, cryptocurrencies are unpredictable and no one knows exactly what will happen. So before considering buying the Shiba Inu coin, you should keep informed and read the most recent news and market trends.
As always, do your own research and only invest with money you can afford to lose.
How fast is buying Shiba Inu with a credit card?
Can I buy Shiba Inu with a debit card instantly?
Can I buy Shiba Inu with a credit card on Coinbase?
Should I buy Shiba Inu or Dogecoin?
When will Shiba Inu reach 1 cent?
Can I buy Shiba Inu anonymously with a debit card?
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