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How and Where To Buy Shiba Inu Online in 2022

Last updated 18th Aug 2022
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Shiba Inu (SHIB) is one of the most popular “meme coins” in the crypto space with and has been a source of tremendous gains for many crypto investors. It has now evolved into its own ecosystem and is available for purchase on several platforms including eToro, Robinhood and Eightcap.

What is 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 Shiba Inu coin? Is it worth buying Shiba Inu coin (SHIB) now? If you would like to learn more about how to buy Shiba Inu coin, then this guide is for you. We will show you the best and the easiest ways to buy Shiba Inu coin, and also some payment methods to use when it comes to buy Shiba Inu coin.

Read on to find out all there is to know.

Where to Buy Shiba Inu Coin?

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

1
eToro
Minimum Deposit
$10
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.

Overall Best Way to Buy Shiba Inu 2022

In this section, we have outlined the best platform overall to buy Shiba Inu cryptocurrency.

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 Coin

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

Buy Shiba Inu Coin Using Cryptocurrency Brokers - the Easiest Way

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

ProviderFee (1000EUR)
🥇 eToro1% for crypto assets
🥈Robinhood0% (may vary by trade)
🥉 Eightcap0.1%

eToro

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 purchasing Shiba Inu as a beginner.

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 digital assets such as cryptocurrencies. A number of different cryptocurrencies are available for trading and investment including Bitcoin and Shiba Inu coin.

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

Step 1: Register for eToro trading account to buy Shiba Inu Coins
Step 2: Fund your eToro account to buy SHIB
Step 3: Find the Shiba Inu markets
Step 4: Buy SHIB
Step 5: Additional step: Send Shiba Inu tokens to ERC-20 crypto wallet
Sending Shiba Inu tokens to the wallet is not necessary but is recommended if you want to store your SHIB tokens for a long time.

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 coin?

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

SHIB is an ERC-20 token that can only be stored in the ERC-20 crypto wallets.

Buy Shiba Inu Coin Using CFDs - Best for Trading

Contract for Differences or CFDs allows traders to speculate on the current price of Shiba Inu coins without owning the underlying asset. They also enable leveraged trading which can increase profits through higher risk.

ProviderFee (1000EUR)
🥇 eToro1%
🥈 Eightcap0.1%
🥉Capital.com0%

eToro

eToro is a brokerage platform that offers cryptocurrency CFD trading for various cryptocurrencies including Shiba Inu coin. 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 coin, and other meme coins such as Dogecoin.

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

Step 1: Register for eToro CFD account
Step 2: Fund your CFD account
Step 3: Find the Shiba Inu markets
Step 4: Buy SHIB CFD

Buy Shiba Inu Coin Using Cryptocurrency Apps - Most Convenient

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

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

Buy Shiba Inu Coin 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 Coin With Centralized Exchanges - the Cheapest Way

Centralized crypto exchanges are marketplaces that allow cryptocurrencies trading. 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:

ProviderFee (1000EUR)
🥇 Binance0.1%
🥈 Coinbase / Coinbase App0% - 0.40%
🥉 Gemini1.49%

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

Step 1: Register for Binance exchange 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 Coin Using Decentralized 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.

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

Buy Shiba Inu Coin 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 Coin 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 tokens.

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 investment advice on tax.

Should I Use a CFD Or Buy Real Shiba Inu Tokens to Own?

Buying Shiba Inu Coin 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
Relatively low trading fees

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 Tokens

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 tokens can be lost if sent to the wrong wallet
May have to pay high trading fees

Best Ways to Buy Shiba Inu Coins

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

Buy Shiba Inu Coin Instantly With a Bank Account 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. You will need your bank account details, and the process will be familiar if you have done online banking before. Simply follow the onscreen instructions to get your bank account connected and make a deposit.

Buy Shiba Inu Coin 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.

SHIB token is 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 Coin Using a Credit or Debit card - Cheapest Way to Buy SHIB

You can also use a credit or debit card to buy Shiba Inu coin.

Simply select credit or debit card on the drop-down menu and enter your credit or debit card details.

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

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 coin 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 Coin in the UK and USA

Best Platforms to Buy Shiba Inu Coin in the UK

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

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 Coin in the USA

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

In the US, eToro is one of the top platforms to purchase 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 Coins?

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 coins.

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

Cheapest Way to Buy Shiba Inu Coins

Here are the cheapest platforms that offer Shiba Inu markets.

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

If you’re looking to purchase SHIB with low trading 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 a Shiba Inu 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 tokens.

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 Coins Today

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

  1. Choosing between a Shiba Inu broker and a CFD:

    • 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 for cryptocurrency trading and need advanced charting and other trading tools, then a cryptocurrency exchange such as Binance or KuCoin may be preferred.

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

  3. Shib's token supply is very large. This means that you can buy many SHIB coins for very little money. It’s worth looking at the cryptocurrency 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?

Cryptocurrencies are highly volatile digital 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 of the Shiba Inu coin can consolidate at these levels, then it may soon start trending upwards again.

What Impacts the Current Price of Shiba Inu Coin?

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. As well as to remember, past performance is not an indicator of future performance.

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 Coin in 2022

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

To recap, these include:

  • Best Shiba Inu crypto brokers - eToro

  • Top Shiba Inu cryptocurrency exchange - Binance

  • Top decentralized cryptocurrency exchange - UniSwap

Below are a few more ways to use Shiba Inu coin:

Buy Shiba Inu shares & stocks
Buy Shiba Inu crypto offline
Mine Shiba Inu Cryptocurrency
Use a Shiba Inu faucet
Stake Shiba Inu
Use Shiba Inu native DEX - ShibaSwap
Receive Shiba Inu as a tip or a gift
Spend Shiba Inu
For those looking for an exchange traded fund, there is currently no SHIB Exchange Traded Fund (ETF) available.

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 Shiba Inu coin 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? A step-by-step guide using eToro.

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

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

  • Step 2: Scroll down to find your position in Shiba Inu.

  • Step 3: Click on the small cross and confirm that you want to close your trade

  • Step 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 coin is one of the top "memecoins", and is currently very popular amongst crypto investors.

Coin nameShiba Inu
Coin symbolSHIB
Shib's token 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 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.

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

What Are the Shiba Inu Coin Alternatives?

Shiba Inu coin is one the biggest meme coins on the market but is not the only one, here are other cryptocurrency meme coins 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 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 purchasing 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.

FAQs

Can I buy and sell Shiba Inu coin in any country?
Is there a limit to how many Shiba Inus I can buy?
Where can I buy and sell Shiba Inu without an ID in 2022?
Can I buy and sell SHIB 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 tokens 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.