{"id":111456,"date":"2023-10-09T11:15:02","date_gmt":"2023-10-09T11:15:02","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=how-to&p=111456"},"modified":"2024-03-07T12:32:34","modified_gmt":"2024-03-07T12:32:34","slug":"how-to-buy-shiba-inu","status":"publish","type":"how-to","link":"https:\/\/www.techopedia.com\/cryptocurrency\/how-to-buy-shiba-inu","title":{"rendered":"How to Buy Shiba Inu – Beginners Guide 2024"},"content":{"rendered":"

Wondering how to buy Shiba Inu crypto? The process is simple, but you have to choose the right platform to have the smoothest experience and save money on fees.<\/span><\/p>\n

Given that <\/span>Shiba Inu was the third most googled crypto in 2021<\/span><\/a> during the bull run, it <\/span>could be even more popular in the current bull run as meme prices surge. With <\/span>the new projects built by the community, including the Shibarium blockchain and all the decentralized apps built on top of it, Shiba Inu is becoming a serious contender in the shitcoin realm<\/a> as well. <\/span><\/p>\n

In this guide, we cover the best ways to buy Shiba Inu and how to safely store your coins after you buy them.<\/span><\/p>\n

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How to Buy Shiba Inu in 5 Simple Steps <\/span><\/h2>\n

If you’re eager to buy Shiba Inu before we dive into the details, here’s how to do it with one of the leading trading platforms, MEXC:<\/span><\/p>\n

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  1. Open an account with MEXC. <\/b>Visit MEXC<\/span><\/a> and open an account by providing your email address, username, and password.<\/span><\/li>\n
  2. Verify your account. <\/b>Verify your account by uploading your passport copy\/driver’s license.<\/span><\/li>\n
  3. Deposit funds. <\/b>You can deposit funds by choosing one of the multiple payment options supported on MEXC. Enter the amount and confirm the transaction.<\/span><\/li>\n
  4. Buy Shiba Inu. <\/b>Search for Shiba Inu through the navigation bar, enter the purchase amount, and confirm the transaction. <\/span><\/li>\n<\/ol>\n<\/div><\/div>\n<\/b><\/span><\/p>\n

    Where to Buy Shiba Inu — Best SHIB Exchanges Reviewed<\/span><\/h2>\n

    If you’re wondering where to buy Shiba Inu coins, know that you can do so on the <\/span>best crypto exchanges<\/span><\/a>, like MEXC, OKX, and Binance, among many others.<\/span><\/p>\n

    We compared some of the best crypto exchanges in terms of fees, number of cryptocurrencies offered and unique features to bring you the best options to buy Shiba Inu.<\/span><\/p>\n

    1. MEXC – Overall Best Crypto Exchange Offers 0% Spot Trading Fees<\/h3>\n

    One of the biggest cryptocurrency exchanges in the world, MEXC<\/a> is used by more than 10 million people worldwide. Along with Shiba Inu, MEXC offers more than 1,000 tradable cryptocurrencies. <\/span><\/p>\n

    \"MEXC<\/p>\n

    One of the reasons why MEXC is such a popular choice is due to the competitive trading fees. There are 0% fees on spot trading cryptocurrencies, and futures trading fees start from only 0.02% per transaction. <\/span><\/p>\n

    With a minimum deposit of only $5, investors can start investing in Shiba Inu. Moreover, MEXC offers a range of features for novices and seasoned traders. Beginners can study various educational resources and access the copy trading tool on MEXC to copy the trades of more advanced traders. <\/span><\/p>\n

    Professionals can apply up to 10x leverage on their trades and access advanced trading and customization tools on the crypto exchange. Investors can also buy and stake Shiba Inu on MEXC Savings – which offers 0.40% APRs for this particular asset.<\/span><\/p>\n

    \"MEXC<\/p>\n

    MEXC stores more than $500 million worth of investor’s funds in cold storage – protecting it from potential hacks and breaches. <\/span><\/p>\n

    For further security, MEXC requires investors to complete a two-factor authentication (2FA) protocol while signing in. On MEXC, investors can access flexible staking options and generate high annual yields on various crypto tokens. <\/span><\/p>\n

    The platform can be accessed through desktop, or through the mobile app via iOS and Android. MEXC also keeps in close contact with its customers through its 24\/7 customer help desk. <\/span><\/p>\n

    While MEXC is not available in the USA, users from this region can start buying $SHIB with other popular options such as Binance and Coinbase.<\/p>\n

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    Pros<\/b><\/p>\n

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