CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to Buy Shiba Inu (SHIB)

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If you have your sights on the cryptocurrency, wouldn’t it be better to add it to your wallet?. So, how precisely do you approach buying Shiba Inu? Luckily for you, there are many methods to purchase Shiba Inu, which we cover in this article in depth. But first, here is a breakdown of where SHIB tokens may be obtained.

A offshoot of Elon Musk’s favourite coin, Doge coin, it’s known as the meme cryptocurrency. Finally, Shiba Inu seems to be able to compete with its most formidable adversary. According to CoinGecko, the digital coin surged reaching a record high above $0.00006. A market value of over $29 billion has made it the 11th-largest cryptocurrency. Doge coin has a market capitalization of $34 billion, and is just above Shiba Inu in terms of market cap.

Step by Step Guide to Buy Shiba Inu Conveniently

Step 1: Register an account

First, you have to establish an account with a SHIB exchange. There are many choices available and the best ones will be discussed below. However, you must take care to verify that the exchange you choose is secure and trustworthy. Ideally, you should choose an authorized marketplace where you are most likely to be asked to do KYC verification. The procedure is simple for most traders and should just take a few minutes.

You can buy Shiba Inu NOW at the following exchanges:

Binance FTX OKEX

Step 2: How to fund your account?

Once everything is in place and your account is approved, you must first deposit money in it so that you may purchase SHIB. Depending on your chosen exchange and place of residency, you may finance your account in various ways. Some most common alternatives include credit and debit cards, e-wallets like Skrill, Neteller and PayPal, and bank transfers. 

Step 3: Purchase SHIB with or without leverage

The final step after financing your account is to purchase Shiba Inu (SHIB) tokens. You may either purchase with or without leverage depending on the platform you are utilizing. When you purchase unleveraged cryptocurrencies, you possess the underlying assets and they are held in a crypto wallet. Should you decide to use leverage, you can do that either on a crypto exchange by buying tokens with leverage (leverage for this is much smaller than if you decide to use derivatives). You also have the option to use crypto futures on the crypto exchange which allows you to use the coins in your crypto wallet as collateral in order to speculate with high leverage on just the price of a crypto coin. When you trade crypto futures, you don’t own the actual coins. Crypto futures also allow traders to short cryptocurrencies. The other option is to use a CFD broker which allows you to trade cryptocurrencies. Again with this option you are trading a derivative, meaning that you are only betting on the price going up or down, and you don’t own the actual coins.

You can buy Shiba Inu coins and trade Shiba Inu futures NOW at the following exchanges:

Binance FTX OKEX

Futures only:

Bybit

You can trade Shiba Inu CFDs NOW with these brokers:

Eightcap ThinkMarkets

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