Since cryptocurrency has become more mainstream, it’s estimated that there are more than 295 million cryptocurrency users globally. Due to its popularity, there are now over 39,000 crypto ATMs worldwide.
With new cryptocurrencies coming out weekly, you may need help deciding what to buy when investing in crypto. In 2023, you can purchase many different cryptocurrencies. Bitcoin is the most commonly known, but there are more such as Dogecoin, Shiba Inu, Ethereum, Binance, and more. Although, how do you buy them?
We’re discussing where to buy Shiba Inu coin binance, so if this is a cryptocurrency you’re interested in, keep reading. Here are our three best tips.
What Is Shiba Inu Coin?
Shiba Inu is one of the multiple cryptocurrencies available to purchase and invest in today. It’s a form of digital currency and was created back in 2020. Its founder, Ryoshi, created it.
Ryoshi named it after the dog breed with the same name, the Shiba Inu. However, this breed is also the mascot for Dogecoin, so it’s wise to distinguish the two.
One key difference is that Shiba Inu works on a different framework, allowing it to support more complicated transactions.
Where to Buy Shiba Inu?
When looking for where to buy Shiba Inu, it’s only available online. So, if you’re interested in buying SHIB, here are our three best tips.
1. Choose an Exchange
One of the main advantages of investing in Shiba Inu is that it’s a reasonably popular cryptocurrency. This makes it available from most centralized exchanges, so you have less to worry about when deciding to buy. If you’ve never purchased cryptocurrency, you can buy Shiba Inu coin through exchanges such as Kraken, Coinbase, and Gemini.
If you have already invested in crypto, you can buy Shiba Inu coin via trading. Some crypto marketplaces will allow you to convert your coin from one crypto to SHIB.
2. Deposit into Your Account
You may be required to pay in a fiat currency when using a centralized exchange. You can transfer an alternative cryptocurrency into your account if you can’t do that.
Your exchange might offer conversion to SHIB from other digital assets if you want to use a different cryptocurrency. The same applies to both centralized and decentralized exchanges.
3. Keep It Safe
Our third tip is to remember to store your crypto investments safely. If you keep it on the exchange, you risk it being vulnerable to hackers. Wallets are a more secure option for your Shina Inu investment.
- Pro Tip: When you invest in crypto, ensure the wallet you choose supports SHIB before you commit
Invest in Shiba Inu Today
Cryptocurrency is becoming more mainstream, so if you’re interested in getting started, then learning where to buy Shiba Inu can be a good idea. Furthermore, understanding your options regarding where to buy this crypto coin is vital to being an intelligent investor.
Finally, keeping your investment safe and secure is essential if you don’t want to fall prey to hackers.
Find more articles like this in our Crypto and Bitcoin & Cryptocurrency categories if you’ve enjoyed it.