Why Should I Buy Shiba Inu Coin
Shiba Inu Coin garnered fame after following in the footsteps of parent cryptocurrency Bitcoin and other altcoins like Ether (ETH), Binance Coin (BNB), and Dogecoin (DOGE) to achieve new all-time highs in the third quarter of the year 2021.
Everyone wants to get a slice of the SHIB action as crypto enthusiasts scramble for the SHIB’s left in circulation. In this article, I’ll share where to buy the SHIB coin easily and fast.
Key Takeaways
• With over 17 million users in over 100 countries, eToro offers an intensive trading platform that prioritizes customer safety and security. This is why, according to Investopedia analyst Theresa Carey, “eToro provides beginners to cryptocurrency trading an enticing platform that is incredibly straightforward to use.”
• Binance topped the rankings in Statista’s most recent study, which listed the top 100 largest cryptocurrency exchanges in the world on August 16, 2021, based on a 24-hour volume.
• When exchange listings became a significant driver of digital asset prices, Coinbase emerged as the primary exchange capable of propelling the value of a crypto token to new heights upon listing. Now it is available in over 100 countries.
SEE ALSO: 6 Best Digital Wallets For Shiba Inu for Safe Keeping
The Shiba Inu Coin became a millionaire-maker coin, which added to the demand for the token.
Because of the rapid reporting of such profits, many investors became very interested in the potential of Shiba Inu as a token for transactions and trade.
Because of the various frauds linked to some cryptocurrency exchanges, the whole crypto space has been surrounded by controversy.
As a result, investors and new traders have decided to inquire as to where they can purchase the Shiba Inu without worrying about thefts and fraud.
For this reason, this article will be listing the 7 best places where one can purchase the Shiba Inu coin:
1. Changelly
Changelly Exchange ranks first on the list as a fast and secure way to exchange and purchase Shiba Inu (SHIB) and over 150+ coins at a Floating or Fixed market rate.
With floating exchange rates, your amount could change depending on the market conditions. At a fixed exchange rate, your amount will remain the same irrespective of the changes in the market (Fixed rate updates every 30 seconds).
At Changelly, you enjoy transactions speeds of about 5-30 minutes at transparent, reasonable fees. Asides from trading SHIB, you can access over 50 other markets with an interactive and customizable trading terminal.
We also think Changelly stands out as very competitive and has low withdrawal fees. For storage of your SHIB, BTC, and other ERC-20 tokens, Changelly partners with notable wallet brands such as Trezor, Coinomi, Huobi wallet, Exodus, and more.
KeepKey is another relatively affordable wallet for the storage of SHIB and over 30+ cryptos.
Buy or Exchange SHIB on Changelly
2. Coinbase
Coinbase began its journey into cryptocurrency in the year 2021 as it is one of the oldest crypto exchanges out there.
When exchange listings became a significant driver of digital asset prices, Coinbase emerged as the primary exchange capable of propelling the value of a crypto token to new heights upon listing. Now it is available in over 100 countries.
In the first quarter of 2021, Coinbase had 56 million verified users and this is expected to rise to up to 72.8 million verified users before the year runs out.
The exchange continues to record billions of dollars in daily trading activity and is one of the places where Shiba Inu Coin can be purchased easily.
Buy or Exchange on Coinbase
3. eToro
eToro is an exchange trading platform where investors can purchase the Shiba Inu and other currencies.
eToro, established in 2006, has been providing cryptocurrency services for over 15 years and offers up to 90 cryptocurrencies to meet up the demands of cryptocurrency investors.
When Business Insider questioned eToro CEO Yoni Assia about the potential of listing Shiba Inu Coin towards the end of May 2021, he stated, “Unfortunately, we do not comment on future listings on eToro, but it does appear that Shiba has a strong community behind it.”
Two months later, on Friday, July 30, 2021, eToro caved into the growing demand for Shiba and offered cryptocurrency for trading.
With over 17 million users in over 100 countries, eToro offers an intensive trading platform that prioritizes customer safety and security.
This is why, according to Investopedia analyst Theresa Carey, “eToro provides beginners to cryptocurrency trading an enticing platform that is incredibly straightforward to use.”
Investors can now be certain that eToro is one of the greatest places to consider investing their hard-earned money if they are looking for where to purchase Shiba Inu Coin.
Buy or Exchange SHIB on eToro
SEE ALSO: How To Mine Shiba Inu Coin
4. Binance
Binance, established in 2017, is generally regarded as the world’s largest cryptocurrency exchange by trading volume.
Binance topped the rankings in Statista’s most recent study, which listed the top 100 largest cryptocurrency exchanges in the world on August 16, 2021, based on a 24-hour volume.
Binance has an impressive share of the total number of active users in the crypto market, having 13.5 million active users out of a total number of over 100 million users.
With the exchange being the most popular in the world, purchasing Shiba Inu Coin on Binance is undoubtedly a wise decision.
Buy or Exchange SHIB on Binance
5. OKEX
OKEX is a cryptocurrency exchange that was founded in Seychelles in 2017. Many investors are confident that this exchange is one of the best places to acquire Shiba Inu Coin.
OKEX also has very high performance in terms of daily trading volume, becoming one of the top crypto exchanges in the process.
OKEX finished fourth in the same Statista research that saw Binance top the rankings in August 2021. In only 24 hours, the exchange generated $6.24 billion.
OKEX still offers crypto services to investors in over 100 countries worldwide. With its addition to Polygon, the rate at which transactions are done will increase and at a cheaper rate.
As a result, investors should expect to see a sharp increase in the entry of new traders on the exchange over time.
Buy or Exchange SHIB on OKEX
SEE ALSO: How to Mine Shiba Inu on UnMineable
6. Gate.io
Gate.io aspires to be the one-stop crypto trading shop. Nearly 200 different currencies are available on the platform, which is spread throughout over 350 markets.
Investors may purchase and sell Shiba Inu, with the most frequent markets being spot and margin trading. Investors can also employ peer-to-peer transactions using the platform’s “push transaction” mechanism.
Using mobile or desktop browsers, investors are protected by many security methods. A trading tutorial is also included, which teaches how to utilize the method for the first few transactions.
Buy or Exchange SHIB on Gate.io
7. FTX
FTX is a cryptocurrency derivatives exchange created by investors to provide a strong platform for professional trading businesses, intermediate traders, and novices.
The platform provides investors with access to cutting-edge trading markets such as futures, options, volatility products, and leveraged tokens.
It provides a user-friendly trading platform with unique items to purchase or sell for beginners. The primary goal of the crypto exchange is to provide a stable and safe derivatives market for Shiba Inu trading.
FTX employs several bank-like security mechanisms to protect the safety of investors’ personal information, as well as the security of the Shiba Inu, held on the cryptocurrency exchange.
There have been no known hacks or security issues to date, which may be credited to a high level of protection, such as cold wallet storage and two-factor authentication, to ensure a safe and secure trading environment.
Buy or Exchange SHIB on FTX
Frequently Asked Questions (FAQ)
1. Can a Shiba Inu hit 1 cent?
Shiba Inu is not yet worth $0.01 or 1 cent, therefore reaching $1 this year will be a major record-breaker.
However, the digital coin, which now has a market capitalization of $10 billion, would need to increase at a rate of 140 to 210 percent every month to break the $0.01 barrier this year, which is very much unlikely to happen to say the least.
2. Is the Shiba Inu coin legit?
It appears to be. While it would be good to know who or what Ryoshi is, SHIB appears to function similarly to most cryptocurrencies. It is available for purchase and trade on exchanges, and there are no hidden features.
While it isn’t as dynamic as other cryptos, whatever flaws it may have aren’t built-in and don’t appear to be meant to defraud people.
3. How many Shiba Inu coins are there?
There are 394, 796 billion Shiba Inu coins in circulation, totaling one quadrillion.
SEE ALSO: What is Shiba Inu SHIB Backed By?
Final Thoughts
Knowing the most secure places to purchase not just the Shiba Inu coin but other crypto coins would save you a lot of time and stress. It is for these reasons that the above-listed crypto exchanges exist-to give you the best cryptocurrency service ever.
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