Broker Review Contents
How to invest in Shiba Inu (SHIB)
There are various methods to invest or trade in Shiba Inu. Here are a few of them:
Buy and hold
HODLing is a popular investing technique in the crypto industry in particular. This essentially means buying and holding a cryptocurrency for the long run. Due to the volatility of the crypto markets, many investors choose to HODL. With a strong community and Elon Musk tweets Shiba Inu has a few of the checkboxes ticked for a good project.
You can buy Shiba Inu NOW at the following exchanges:
Trade Shiba Inu (SHIB) CFDs
The second method to trade in SHIB is via CFDs. In this scenario, you only trade on the price of the coin, speculating whether it will go up or down in value. contract that allows you to speculate on the price movement of SHIB. Thus you don’t own the actual coin but are just trading on its price. This option could be appealing to day traders, or investors who are looking to hedge their portfolio in the short term as usually overnight holding rates for Crypto CFDs tend to be high.
Because the CFDs are leveraged products, which basically means that you can use a smaller amount of capital to trade bigger positions, the potential gains can be higher. On the other hand, they may potentially suffer substantial losses due to the high risks.
You can trade Shiba Inu CFDs NOW with these brokers:
Shiba Inu Day Trading
There are a few options for the active traders to trade Shiba Inu. One of them is to use Crypto CFDs as mentioned earlier. The other is to trade crypto futures on a crypto exchange. They are similar to CFDs as you only speculate on the price of SHIB rather than own the actual coin. Also the crypto futures don’t have expiration dates like traditional futures markets, making it easier for traders.
Remember to switch to the derivatives/futures section of the crypto exchange to access these. Also keep in mind that for residents of some countries futures trading isn’t available.
You can trade Shiba Inu Futures NOW with these exchanges:Binance FTX OKEX Bybit