How to Buy Shiba Inu 2022? Our guide to safe & affordable SHIB purchase!

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October 11, 2021
How to Buy Shiba Inu 2021 Our guide to safe & affordable SHIB purchase!
Our guide to safe & affordable SHIB purchase!

The Shiba Inu coin is one of the new altcoins that was launched in August 2020 . Even with the logo you can see the clear similarity to Dogecoin – and not without reason. Shiba Inu was also developed as a “fun currency” and wants to compete with Dogecoin. Shibu Inu is considered an offshoot of Dogecoin, which has increased significantly in recent weeks. The Shiba Inu mascot is also almost similar to that of Dogecoin and tries to hold a candle to it. But will Shiba Inu also succeed in this? Should you buy Shiba Inu now?

As an investor, you naturally ask yourself the following questions:  What exactly  is Shiba Inu? How  does it work? Where can you get Shiba Inu? What is  the price of cryptocurrency like? And what about the  forecasts? We took a closer look at the DeFi project.

Table of Contents

Buy Shiba Inu: What should you look out for in order to buy Shiba Inu cheaply and safely?

The Shiba Inu coin was up 12,689.46% in the last month . The joke currency that wants to share in the fame of Dogecoin is already on everyone’s lips. You should pay attention to the following points when buying Shiba Inu so that nothing goes wrong:

  • Where can I best buy Shiba Inu? We recommend our test winner, ETFinance.
  • Do I want to hold or actively trade Shiba Inu for the long term? That depends on your own trading strategy.
  • How does a Shiba Inu wallet work? ETFinance offers a simple integrated wallet.
  • Is it worth investing in Shiba Inu? Shiba Inu has only been on the market since August 2020, but is already enjoying great popularity. It remains to be seen whether the Dogecoin offshoot will succeed – but an investment could well be worthwhile.

Our broker and exchange comparison – buy cryptocurrencies with the lowest fees:

How to buy Shiba Inu with Euros in South Africa? Buy Shiba Inu Beginners Guide with ETFinance:

We will now explain how to buy Shiba Inu. We use the broker ETFinance for this, as it offers the advantage that you can trade both real cryptocurrencies and CFDs – ETFinance combines the advantages of a broker and those of a crypto exchange.

etfinance

First step: Registration with a broker or a crypto exchange

First, you have to register with ETFinance. To do this, click on the following link to get to the registration form:

Then enter your username, email and password in the form and accept the terms and conditions:

You will then receive an email for verification, in which you simply click on the link to confirm the email address.

Second step: top up your account

In the next step, you have to top up your account with money in order to buy Shiba Inu. To do this, click on the “Deposit money ” button on ETFinance :

Then you choose the amount and the method of payment with which you want to deposit, and then click on the “Send” button to deposit the amount.

Buy Shiba Inu with a credit card, PayPal, Sofortüberweisung and more

In our example, we show the purchase with a credit card. ETFinance also offers other deposit options :

Payment optionpossible?
Shiba Inu buy with credit card✔️
Buy Shiba Inu with PayPal✔️
Buy Shiba Inu with Skrill✔️
Buy Shiba Inu with wire transfer✔️
Buy Shiba Inu with Neteller✔️
Buy Shiba Inu with UnionPay✔️

Third step: Buy Shiba Inu online with euros

As soon as you have topped up your account on ETFinance, you can already buy Shiba Inu. To do this, we click in the search field above and enter “Shiba Inu” there. Then we click on the ” Trade ” button.

The purchase window then opens. Here you have the following options:

  1. Buy or sell: If you want to buy Shiba Inu, click on “Buy”.
  2. Trade or orders: Here you can choose whether you want to execute the trade immediately (trade) or with a delay (order).
  3. Amount: How much Shiba Inu do you want to buy?
  4. Stop Loss and Take Profit: At what loss or profit the position should be automatically sold.
  5. Leverage: With what leverage do you want to buy Shiba Inu? With leverage X1, you buy real coins; with leverage X2, you buy leveraged Shiba Inu CFDs.

After you have configured all options, you click on the ” Open Trade ” button to complete the purchase.

The purchase of Shiba Inu is now complete!

What is Shiba Inu?

SHIB describes itself as a “decentralized meme coin ” and joins Safemoon, Dogecoin, Dogecoin and NFTs. The value of digital currencies and works of art is being redefined for meme culture as monetary value spreads.

Shiba Inu aims to become the “Dogecoin Killer” and in the last few days alone (as of May 14, 2021) has seen a trading volume of nearly $ 13 billion as traders gathered to buy the coin.

To put this in perspective, the Shiba Inu coin price has risen dramatically by 12,689.46 per cent in the past 30 days.

The tokenimics of the coin are unusual: 50% of the total supply is burned in Vitalik Buterin’s wallet. Buterin is the founder of Ethereum and a trusted and respected figure in the crypto community. This move may have been taken to allay fears that this project will have the developers pumping up the price, shedding their inventories, making profits and giving up the business, leaving worthless pockets for the owners.

In keeping with the dog theme, the Shiba Inu platform plans to launch a DeFi-based BONE currency in the coming future and, artwork in NFT marketplaces and donations to charities for the rescue of Shiba Inu dogs.

How to Buy Shiba

What are Shiba Inu CFDs?

With cryptocurrencies, as with other financial instruments, you have the option of either buying real coins or in the form of CFDs. You will not buy the cryptocurrency yourself, but you can rely on the price trend.

After all, CFDs are independent financial products that use certain underlying values ​​only as a price measure. Theoretically, you acquire a right to buy or sell the asset with these contracts for difference. As a result, the resulting gap between the purchase price and sales price is wiped out as profit or loss. A Shiba Inu CFD is an all-or-nothing business.

Buy Shiba Inu as CFD or real cryptocurrency?

Shiba Inu CFD trading

  • Fee advantage when trading
  • Regulated by the state and subject to deposit insurance: You are protected against hacks and attacks
  • No complicated depot setup required
  • Trading with leverage
  • No “real” Shiba Inu coins
  • Fee disadvantage for long-term investors
  • Risky investment: Large losses possible in the case of leveraged (leverage) trading

“Real” Shiba Inu trade

  • Owning real Shiba Inu Coins that you can manage yourself
  • With an additional wallet you can buy, sell or exchange cryptocurrencies
  • Steep learning curve
  • Vulnerable to hacks and cyber attacks
  • You are responsible for managing coins yourself
  • You often need an additional wallet for storage

With Crypto CFD Broker you can trade cryptocurrencies without actually owning them. This is advantageous because you don’t have to worry about storing it with a  crypto wallet.

At this point we have to repeat the recommendation for our test winner broker ETFinance: With ETFinance it is possible to trade Crypto CFDs with leverage as well as to buy real cryptocurrencies and store them in the integrated  ETFinance wallet. In addition, with ETFinance you have an integrated wallet with you – so if you want to buy real coins, you don’t have to worry about it.

Shiba Inu Buy or Sell? Our advantages and disadvantages analysis:

How to Buy Shiba

  • New cryptocurrency
  • Self-proclaimed “Dogecoin killer”
  • Huge interest
  • High growth potential due to DeFi projects
  • Project not yet largely presented
  • Still rather unknown project
  • Dogecoin is still more popular

What are the fees for buying Shiba Inu?

In this table of fees we show how the costs of buying Shiba Inu from the different brokers are:

  • We buy Shiba Inu (SHIB) worth € 1,000
  • We hold our coins for 30 days and then sell them again
  • For the sake of simplicity, we assume that the course does not change in the 30 days

With these assumptions we now go through the fees of the largest providers:

providersETFinancecoinbasePlus500
DepositFree3.99%for free
Purchase feesFree1.49%3.08% *
Holding feesFreefor free0.05% *
Sales chargesSpreads1.49%3.08% *
Total fees€ 68.24€ 92.32
Shiba Inu course: important moments in the course of Shiba Inu (SHIB)
  1. August 2020: Shiba Inu starts on the mainnet, the price is still being traded at less than EUR 0.000000001.
  2. April 20, 2021: Shiba Inu reaches its all-time high so far after Elon Musk also tweeted that Dogecoin was overbought and there was way too much of it. The price rose to  0.000003886 EUR.
  3. May 11, 2021: Shiba Inu reaches a new all-time high and rises to EUR 0.00003871, but the price corrects itself to EUR 0.00001622 a short time later.

Buy a Shiba Inu with or without a wallet?

How to Buy Shiba

In general, a wallet is always the safest place to store cryptocurrencies. If the coins and tokens are instead on an exchange, it can happen that you lose access to them – for example in the event of a hack attack or if a broker becomes insolvent.

Using a wallet is not necessarily more complicated than using the common stock exchange platforms. A wallet is therefore recommended in any case.

However, the use of a wallet for trading with Shiba Inu is not mandatory if you buy Shiba Inu on ETFinance. There you have the advantage that you don’t need your own wallet, as this is already integrated into ETFinance. You can also download the ETFinance Wallet, which allows you to send and receive cryptocurrencies and exchange them for FIAT money.

However, if you are interested in a wallet, you can get more information about wallets in our crypto wallet comparison. However, if you want to invest in Shiba Inu (SHIB) CFDs instead of buying the coins, you don’t need a wallet. All you have to do is register with ETFinance and invest in the relevant CFDs there.

Buy Shiba Inu PayPal: where to buy Shiba Inu with PayPal

Paypal, unfortunately, plays only a  very minor role, which is related to the warranty conditions of the company. Many brokers do not use PayPal, although it is one of the most convenient payment methods. With PayPal, for example, fees only apply if you top up your PayPal account using your credit card instead of SEPA or an instant transfer. Then a flat rate of € 0.35 transfer costs and 1.9% fees on the amount sent are suggested.

PayPal  offers one of the easiest payment methods on the internet and not only that:  also one of the cheapest. However, PayPal is available as a means of payment at ETFinance. There you can conveniently pay into your customer account with PayPal in order to then buy Shiba Inu.

Does It Make Sense To Invest In Shiba Inu? Which cryptocurrency is the best investment?

Those who do not, or not only, want to invest in Shiba Inu, of course, have numerous alternatives to Altcoin. From other cryptocurrencies to stocks – there should be something for everyone here. Here are some of our alternatives:

Alternative 1: Opportunities in the field of cryptocurrencies

If you want to invest in cryptocurrencies, you are of course spoiled for choice. The most popular alternatives to Shiba Inu are:

  • Buy Bitcoin: The top dog among the cryptocurrencies is seen by many as the “digital gold” and one of the most stable cryptos.
  • Buy Ripple: Ripple has emerged as one of the most popular cryptocurrencies in the past few months.
  • Buy Ethereum: Ethereum is the solution for smart contracts and is still the second most popular cryptocurrency out there.

Alternative 2: crypto stocks

Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have so far posted strong profits. So if you don’t just want to trade in cryptocurrencies, you can also benefit from stocks. And if you want to diversify your portfolio and trade in cryptocurrencies and stocks, you can do this easily via  ETFinance.

  • Bitcoin stocks: If you think that Bitcoin will outperform Shiba Inu, Bitcoin stocks are a good alternative
  • NVIDIA stocks: NVIDIA manufactures important graphics chips especially for mining – if the crypto boom continues, NVIDIA is certainly a good investment

Shiba Inu Trading – Should You Hold Shiba Inu Long Term Or Trade Short Term?

Whether you want to hold Shiba Inu long-term or trade short-term depends on your own trading strategies and risk management. You are already in grey areas if severeI analysts are advising short-term investments in Shiba Inu, as the cryptocurrency is very promising, and the cooperations also positively influence price development. Shiba Inu has recorded a solid plus of 2,086,853.28% since its market launch  – but we recommend short-term trading as the currency is still hardly known.

Of course, you can also trade Shiba Inu for the long term – but this is only worthwhile if the major crypto exchanges have included the tokens in their range. So at the moment, we have to wait and see.

Buy Shiba Inu at coinbase, binance, Bison & Comdirect – Why we recommend ETFinance as an alternative:

Shiba Inu is currently not offered on any exchange, but the coin is already available on ETFinance. Due to the increasing demand for cryptocurrencies, it is quite conceivable that the Shiba Inu will be offered on other crypto exchanges.

However, if you want to trade with the coins or speculate on their price development, we strongly recommend a  secure and intuitive crypto exchange. And here you should pay particular attention to the conditions.

In our large crypto exchange comparison, we were able to determine a clear test winner: ETFinance. ETFinance offers a modern platform for beginners and advanced users, both an in-house app and an integrated wallet. So if you don’t want to buy an additional wallet or set up yourself, you are best off with ETFinance. It is also one of the few brokers who actually already offer Shiba Inu.

Is it possible to buy Shiba Inu offline?

Since Shiba Inu is a digital currency, it can not be bought offline.

To buy Shiba Inu, you need a good crypto exchange and, if you want to be on the safe side, a wallet. However, the currency must be purchased with an existing internet connection.

However, if you want to keep the currency offline, you can buy a  hardware wallet.

Can you buy Shiba Inu anonymously?

In the early days of cryptocurrencies, it was actually still possible to purchase coins anonymously. But only with detours. In the meantime, it is actually no longer that easy to allow real anonymity to prevail when buying cryptocurrencies. In fact, if you take a closer look, you have to say goodbye to anonymous buying.

There are only really serious platforms that allow the purchase of cryptos that ask for user data. If you get to a trading platform that doesn’t do this, you are already in grey areas. But then you can quickly get caught up in a fraudster and get rid of your cash, but have not received any coins. In this respect, one should pay attention to priorities.

We would rather recommend buying Shiba Inu safely and reliably from the online broker ETFinance instead of 100% anonymity.  The lack of anonymity ensures security for everyone involved.

Can you buy Shiba Inu without verification?

If you want to trade with cryptocurrencies, you can not avoid verification at a  crypto exchange. This is for your own protection and also for the protection of the exchange and those involved. After all, you want to trade with real people who have been verified. When you register on  ETFinance, verification is quick and easy.

Can you buy Shiba Inu without registering?

If you want to buy Shiba Inu, the easiest way to do this is with a crypto broker. In any case, however, registration is necessary. This offers protection and security at the same time for investors and the stock market. Shiba Inu is available from our test winner, ETFinance. So you can either buy real coins or bet on their price development (using CFD trading).

How to Resell Shiba Inu: Our Guide to ETFinance

Selling Shiba Inu on ETFinance is as easy as buying cryptocurrency. First, you log into a customer account, select Shiba Inu and sell the coin again.

1st step: Log in

The first step is to log into the ETFinance customer account as usual. You can do this either via the computer or via the smartphone or tablet. You can also log in via the app to sell Shiba Inu. So you have different options.

Step 2: Choose Shiba Inu

The next step is to click on your portfolio. There you will find all the assets that you have invested in on  ETFinance.

As soon as you have clicked on the portfolio, you get a list of all financial instruments. There you look for Shiba Inu (SHIB) and then click on Sell on the right-hand side.

3. Sell Shiba Inu

As soon as you have clicked on sell, another window appears, just like when you bought the cryptocurrency. Here you can still decide between order and trade . Then you are the amount, and then click Open Trade or order placing. In addition, you can make other settings, such as the amount at which the position is automatically closed.

Buy Shiba Inu (SHIB) Conclusion – Our recommendation:

Shiba Inu is called an offshoot of Dogecoin – and calls itself a  Dogecoin killer. The joke currency, which resembles itself in the mascot Dogecoin, came onto the market in  August 2020 and was able to increase its value by 12,689.46% in the last month alone (May 2021) . Shibu Inu would like to expand its platform in the future to also offer NFT tricks. There are also plans to introduce another token, the BONE-Coin.

Dogecoin is still ahead, but the project behind Shibu Inu sounds promising. The interest is correspondingly high.

Since ETFinance has now added Shiba Inu to its range, an early investment could now be worthwhile. ETFinance is our test winner of the crypto exchanges and can score points above all with low fees, an in-house app,  and the social trading function.

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FAQs

The real Shiba Inu purchase works via crypto exchanges like eToro. Only here can you get real coins. If you only want to devote yourself to trading and have little interest in actual tokens, CFD crypto brokers such as our test winner are also suitable.

Brokers allow you to trade the values ​​through CFDs or options. On an exchange, you exchange currencies with other market participants. In order to be able to decide on a provider, Secured Brokers has put together important assistance by comparing the best crypto exchanges.

The Shiba Inu course has been increasing rapidly lately. Due to the high popularity of DeFi projects, the upward trend is currently unstoppable. Further increases in value cannot be ruled out.

This should be considered in advance when choosing a digital wallet. Not all wallets support multiple cryptocurrencies. Certain platforms already offer an online wallet in their offer. But there are also very secure hardware wallets that support both Bitcoin and Shiba Inu (SHIB).

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