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How to Buy Shiba Inu

In this post, you will learn how and where to buy Shiba Inu today. We will look at what many in the crypto industry consider the best places to buy Shiba Inu and provide you with a step-by-step guide to buying SHIB tokens on a popular exchange. We will also look at Shiba Inu’s past price action and share its price forecasts before discussing whether the top meme coin is worth buying today.

Read on to learn all these and everything else you need to know about investing in Shiba Inu today.

How to Buy Shiba Inu (SHIB) in 4 Quick Steps

The simple guide below will teach you how to buy Shiba Inu in the US on eToro. You only need $10 to start buying SHIB on eToro – a multi-regulated crypto exchange with one of the most straightforward crypto investing processes.

  • Step 1: Register an eToro account: Open the eToro.com website and create a trader account by hitting the ‘Join Now’ button. The broker will also ask for basic personal information and require you to verify your identity.
  • Step 2: Deposit funds: Fund this account with a minimum of $10 using one of the many supported payment methods, including bank transfer, PayPal, credit card, debit card, and eWallets.
  • Step 3: Search for Shiba Inu: On the search bar on the eToro website, enter “Shiba Inu” and choose the “Trade Now” option against the digital asset.
  • Step 4: Buy Shiba Inu: Customize this trade by indicating how much you wish to invest in Shiba Inu. The minimum trade amount on eToro is $10. Hit the “Open Trade” button to execute this order.

Cryptoassets are a highly volatile unregulated investment product.Β 

Further below in this guide, we will provide you with a more detailed tutorial on how to buy Shiba Inu and other meme coins like Dogecoin on eToro. First, though, we discuss what our analysts and a majority in the crypto community consider the top crypto exchanges.

Where to Buy Shiba Inu (SHIB) Today

When looking for the best place to buy Shiba Inu, we looked at such factors as the exchange’s security, reputation, trading costs, user-friendliness, and the number, as well as the quality of integrated features. And after vetting tens of popular trading platforms, we settled on the following as the best crypto and altcoin exchanges in the US and across the world.

1. eToro – Overall Best Place to Buy Shiba InuΒ 

eToro tops our list of the best places to buy Shiba Inu today. The multi-regulated crypto brokerage tops this list because of its solid reputation for reliability, security, and user-friendliness. This has been cultivated throughout the 10+ years the brokerage has been offering crypto trading services.

Its user-friendliness is evidenced by its appeal to both beginner and professional investors with its straightforward client onboarding process and quick crypto investing process. It is then advanced by the integration of a free demo account, a great selection of educational content, and highly advanced trading tools.

Buy Shiba Inu on eToro

The crypto brokerage also makes it here because it has never been hacked. In advancing its commitment to keeping client data and digital assets safe, eToro has fortified its systems and claims that it doesn’t share client data with third parties.

eToro also provides its platform users with free and safe crypto wallets. These include the exchange-based wallet that holds 90%+ of client assets offline and an equally secure mobile wallet app for iOS and Android – eToro Money.

eToro also tops the list of best places to buy Shiba Inu because of its affordability, decent liquidity, and support for a large number of cryptocurrencies. You, for instance, can only need $10 to start buying cryptos on eToro.

And in addition to Shiba Inu, you can also buy Bitcoin, Ethereum, and 70+ popular digital assets on the eToro platform. Not forgetting that the broker maintains a fixed and highly competitive transaction fee of 1% of the trade volume for both buy and sell orders.

You will also like using eToro because of its convenience. It supports a wide range of payment options. For starters, it is one of a handful of exchanges that will let you buy Shiba Inu with PayPal. Other supported deposit options include credit cards, debit cards, eWallets like Skrill, and bank transfers.

Cryptoassets are a highly volatile unregulated investment product.Β 

2. Coinbase – Most Beginner Friendly Crypto Exchange

Several factors help make Coinbase one of the most beginner-friendly crypto exchanges. First is its straightforward client onboarding process and highly intuitive trading interface. Coinbase also integrates a wide educational resource to its website, which teaches its platform users how to invest in crypto.

Buy Shiba Inu on Coinbase

It also hosts learn-to-earn programs that reward users with free coins when they learn about a specific crypto project. The publicly traded crypto exchange also lists more than 300 digital assets, including some of the most beginner-friendly cryptos to invest in, like Bitcoin, Ethereum, and Solana.

In addition to its beginner-friendliness, Coinbase makes to our list of best places to buy Shiba Inu because of its security. Like all the top exchanges, Coinbase provides all its platform users with free digital wallets – an exchange-based wallet that stores 98% of client assets offline and the Coinbase crypto app and mobile wallet.

Other than interacting with the best altcoins on Coinbase, the exchange exposes you to other types of digital investments. You can, for instance, invest in top NFTs via Coinbase. You can also earn passively when you stake top coins, including Avalanche, Cosmos, Polygon, and tens of other digital assets. Its crypto borrowing feature with a loan-to-value ratio of 40% lets you borrow up to BTC worth $1 Million on the platform.

You may also enjoy buying Shiba Inu because of its convenience and customer support. The highly regulated exchange, for instance, lets you buy SHIB with credit cards, debit cards, bank deposits, and ACH transfers. It also has a highly responsive customer support team – available 24/7 online.

3. ByBit – Best Exchange for Supporting a Wide Selection of Virtual Assets

If you are looking for a reputable exchange for the widest range of supported digital assets, consider ByBit. In addition to Shiba Inu, you can buy 800+ other popular and new cryptos and interact with 1000+ crypto pairs on the exchange. ByBit is also deeply liquid and has consistently featured on the list of the top five most liquid crypto exchanges in the world.

Bybit crypto exchange

In addition to its deep liquidity and support for a wide range of coins, ByBit also makes it here because of its feature-rich trading interface. The exchange integrates an extensive range of tools aimed at making your Shiba Inu investing process as wholesome as possible.

ByBit, for instance, is home to a range of trading and investing options. These include margin trading, bots to automate your trades, a fee-free convert option, and a copy trader tool. Investors also earn passively through yield farming, dual investing, and crypto lending. They even have early access to the next cryptos to explode via the ByBit launch pool, as well as access to a large NFT marketplace.

You would also like to buy cryptocurrencies on ByBit because of its commitment to the security of client funds and data. Like most exchanges, ByBit doesn’t share sensitive client information with third parties. Client assets are then stored in ultra-secure cold wallets. And if you want more access and control to your keys, the exchange provides you with the free ByBit mobile wallet app.

4. Crypto.com – Best Place to Buy Shiba Inu and Earn Passively

Crypto.com is one of the best crypto exchanges to buy Shiba Inu for anyone looking to earn passively off other crypto investments. This is made possible by the integrated crypto borrowing and staking features. When staking, you can earn 12.5%+ on stable coins like Polkadot and more than 6% on stablecoins like USDC and SDT. Crypto.com is also one of the handful of reputable crypto exchanges that let you stake Bitcoins.

Buy Shiba Inu on Crypto.con

Crypto.com also presents its platform users with a free DeFi Wallet that exposes them to the rapidly growing Web 3 and dApps worlds. Here, you can trade and invest in 1000+ digital assets – mostly tokens. It also exposes you to multiple DeFi platforms where you can make money passively through yield farming, saving, staking, crypto lending, liquidity mining, dual investing, and many other methods.

The exchange also makes it here because of its appeal to both novice and expert investors. It, too, has oversimplified the client onboarding and crypto-buying processes. It is affordable and maintains a volume-based maker/taker fee model with transaction costs ranging between 0.16% and 0%. And if you stake more than 50,000 CRO tokens, you won’t pay Maker fees. You also get to enjoy a 12% discount on Taker fees.

Other factors helping Crypto.com feature among the best Shiba Inu exchanges is its support for a decent selection of the best future cryptos – 200+ and deep liquidity. It also makes it here because it lets you invest in NFTs and spend cryptos via the Crypto.com card. Not forgetting that it is home to comprehensive crypto education, is highly secure, and integrates a wide range of advanced trading, research, and analysis tools.

5. Binance – Buy Shiba Inu on the Most Liquid Exchange at Low Fees

Binance is the largest, most popular, and most liquid crypto exchange in the world. It has more than 150 million registered who trade Trillions of US Dollars worth of crypto on the platform every year. It makes it to our list of the best Shiba Inu exchanges primarily because of its low crypto trading fees.

When buying Shiba Inu or any of the 350+ best cryptos to buy in the US listed on Binance, you will only part with a volume-based maker/taker fee of between 0.1% and 0.012%. And if you pay this fee with the BNB Coins, you will receive a 25% discount. And at the time of writing, you can buy Bitcoin with TUSD fee-free.

Buy Shiba Inu on Binance

In addition to low fees, Binance also makes it here because it lets investors earn passively on this platform. Some of the passive income-generating programs that you can leverage on Binance include smart bots that automate your trades, dual investing, simple earn, liquidity swap, and yield farming. You can also invest early in the best future cryptos via the Binance Launchpad or borrow crypto with loan-to-value ratios of up to 70%.

Binance is also quite user-friendly, appealing to both beginner and expert investors. It appeals to beginner investors with its buy crypto instantly feature, its navigable interface, the comprehensive educational content, and the fee-free P2P trading platform – which supports 700+ fiat payment options from all over the world. Pro traders are, on the other hand, treated to multiple highly advanced trading tools as well as other digital investing options – including NFTs, margin trading, and block trading.

What is Shiba Inu Coin (SHIB)?

Shiba Inu is one of the most popular and second most valuable meme coins – in addition to being Dogecoin’s fiercest competitor. It is an ERC-20 token powered by Ethereum and created in August 2020 by an individual pseudonymously referred to as “Ryoshi.” As a joke currency, it was initially designed with the sole mission of dethroning Dogecoin as the most popular and most valuable meme coin.

What is Shiba Inu

Today, however, its mission has changed and its development team has been working around the clock to enrich the Shiba Inu ecosystem. They are looking to escape the meme coin tag and present the Shiba Inu coin and the Shiba Inu crypto network as serious blockchain technologies that developers – individuals and institutions – can build upon.

Some of the developments that have taken place in this ecosystem include the launch of the launch of two more meme coins – BONE and LEASH. They have launched Shibaswap – a decentralized crypto exchange, the Shiboshi NFT collection, the Shib metaverse, and Shia Eternity – a play-to-earn game. Their biggest launch yet is the upcoming launch of the Shibarium layer-2 blockchain.

Shiba Swap

All these are expected to equip Shiba Inu with what all other meme coins lack – a sustainable network and business model. We must also mention that Shiba Inu has been aggressively burning SHIB tokens – as much as 83 billion tokens in 2022 alone.

Is Shiba Inu (SHIB) a Good Investment?

Looking at Shiba Inu’s impressive past price action, especially in 2021, you can’t help but wonder if it is too late to invest in Shiba Inu. We must, however, observe that after a careful evaluation of Shiba Inu’s exemplarily past performance, its hugely promising future, and the many developments taking place in the Shiba Inu ecosystem, analysts and the majority of investors are confident that SHIB is worth buying in today.

Below, we look at some of the reasons why you should consider buying Shiba Inu:

Enjoy potentially dramatic returns

Shiba Inu is currently selling at a highly discounted price, more than 90% below its 2021 peak price. When it eventually rebounds and recaptures this all-time high, it will have grown your investment by more than 1000%, a fete that it is expected to achieve during the next bull market. This makes it a medium-term investment than most conventional investments.

Protect investment from inflation

Since its launch, Shiba Inu has maintained an overall uptrending value gain. This makes it the perfect hedge for anyone looking to protect their investment from inflation.

Portfolio diversification

A growing number of financial advisors now believe that everyone should turn at least 1% of their portfolio into crypto. Given Shiba Inu’s illustrious past and promising future, you may want to add it to your portfolio to take advantage of the dramatic value gains it is expected to record in the future.

Easy to acquire and dispose of

Unlike most conventional assets, cryptos like Shiba Inu are easy to invest in and dispose of. The popular meme coin is currently listed with virtually all the most popular and deeply liquid exchanges. This makes it possible to buy or sell significantly large amounts of the digital asset in minutes.

Low minimum investment

You may also want to invest in Shiba Inu because of the comparatively low minimum trade limits set by most exchanges. Unlike conventional assets like real estate that require a high down payment on the mortgage, some exchanges will let you start buying the top meme coin with as little as $1.

Cryptoassets are a highly volatile unregulated investment product.Β 

Shiba Inu (SHIB) Price

Looking at Shiba Inu’s price chart, you will notice that the top meme currency has had a dramatic past. When compared to established cryptos like Bitcoin and Ethereum or the crypto market in general, it is easy to note that SHIB has had a more volatile price action. The upside to this is that the volatility has helped make Shiba Inu one of the most lucrative virtual currencies of all time and one of the best cryptos to buy today.

Shiba Inu Price History

When it launched in August 2020, Shiba Inu was selling for around $0.00000000101 – according to CoinMarketCap. The meme coin’s price would go on to dip below this introductory price and trade at this level throughout the last quarter of that year and January 2021. There also were limited investor interest in the altcoin and its daily trade volumes barely tore above $1000 throughout this period.

The joke currency and its price only started receiving investor attention at the end of January 2021. This was made possible by the bull market taking place at the time, as well as the raging meme coin frenzy. These helped SHIB recapture the August 2020 price and embark on a spirited bull run.

Shiba Inu Price

It went on to hit its first price peak in May 2021 when its price hit $0.00003043. This translates to a 3000000%+ value gain and is attributable to the bull market and the burning of 41% of Shiba Inu’s token supply by Vitalik Buterin.

After a slight price correction in the third quarter of 2021, Shiba Inu started bolting again, eventually setting the current all-time high price of $0.0.0000885 on 28 October 2021. This translates to an 8700000%+ in 15 months – making it arguably the most lucrative digital asset of all time.

The meme coin’s price, however, entered into an extended correction phase during the 2022 bear market. By the end of that year, it – like the majority of the crypto assets – had shed more than 90% of its peak value. We must also observe that throughout the second half of 2023, Shiba Inu has been hinting at recovery in reaction to a possibly recovering crypto market.

Shiba Inu Price Forecasts

Shiba Inu has three key qualities that our analysts believe will have the largest impact on the crypto assets” future price action. First is the fact that it is a resilient digital asset. Secondly, Shiba Inu is obedient to market trends – dipping when the market crashes and sprinting when it starts recovering. Lastly, there has been massive developer activity in the Shiba Inu ecosystem.

All these are expected to have a positive impact on Shiba Inu’s price prediction action from here on.

This is what the majority of analysts and investors believe Shiba Inu will be worth in the foreseeable future:

Shina Inu Price Forecasts 2024

The crypto market’s price direction is expected to continue having a significant impact on Shiba Inu’s price action over the next few months. And as we approach the end of the year and as Bitcoin’s next halving event draws nearer, the market and SHIB’s price – by extension – are expected to record gradual gains. The majority place SHIB’s price by December 2024 at between $0.000015 and $0.000056

Shina Inu Price Forecasts 2025

By 2025, the market will have experienced another bull run. Additionally, more SHIB tokens will have been burned, reducing its supply against a growing demand. Even more importantly, the majority of the developments taking place in the SHIB ecosystem will have been priced in. All these are expected to catapult Shiba Inu’s price action to unimaginable levels. The most optimistic analysts and investors are confident these are enough to push SHIB prices past $0.0001.

Shina Inu Price Forecasts 2030

Shiba Inu’s price in 2030 may influence by a host of both internal and external factors. These include the level of developments taking place in the Shiba Inu ecosystem, SHIB’s adoption, the adoption of crypto and blockchain technology, Shiba Inu token’s burn rate, and more bull runs. With a considerable rise in the adoption of crypto technology and the onboarding of institutional investors onto the SHIB ecosystem, the meme coin may break above $0.001 before the turn of the decade.

Popular Ways of Buying Shiba Inu (SHIB)

Next, in our coverage of how to buy Shiba Inu, we look at the most popular ways of buying the digital asset.

Buy Shiba Inu with PayPal

A number of popular crypto exchanges will let you buy Shiba Inu with PayPal. Some, like eToro, will let you deposit cash into their platforms using PayPal, while the majority – including Binance and ByBit – will only allow you to buy cryptos with PayPal on their P2P trading platforms or via supported fiat-to-crypto on ramps. In either case, PayPal is preferred because of affordability, immediacy in deposit processing, and decent maximum deposit limits – as high as $10,000 on eToro.

Buy crypto via PayPal

Buy Shiba Inu with Credit Cards and Debit Cards

Cards are one of the most convenient online payment methods. Most crypto exchanges appreciate this and will let you buy Shiba Inu with debit cards or credit cards. As is the case with PayPal and eWallets, you may prefer buying crypto with cards because deposits are processed instantly, the processing fees are low, and exchanges maintain high deposit limits – as much as $40,000 on eToro.

Buy Shiba Inu with Bank Deposit

Banks are arguably the most accessible payment method in the world. This explains why all the best crypto exchanges that we have discussed above will let you buy Shiba Inu with bank transfers. The upside to this is that exchanges maintain high or no maximum deposit limits for bank transfers. Note, however, that deposit processing may take a little longer – between 4 and 7 days on eToro.

Which is the Best Shiba Inu Wallet?

Now that you know where to buy Shiba Inu and how to buy the meme coin, you need to learn about the best crypto wallets. You will need a secure wallet to keep the private keys of the Shiba Inu tokens you just purchased safe. There are three common digital wallet options: the exchange-based wallet, the mobile wallet app, and the hardware wallet.

eToro Wallet

The exchange-based wallet refers to the crypto storage service offered by virtually all centralized crypto exchanges, including Coinbase, Binance, and eToro. Most claim to hold more than 90% of your assets in ultra-secure offline vaults. While some have gone for long without being hacked or losing client assets, when it does happen – as it did with FTX – the losses can be catastrophic. We, therefore, discourage our readers from leaving their digital assets at an exchange.

Mobile wallet apps for iOS and Android devices can be provided by exchanges – like eToro Money – or third parties – like Metamask. These encrypt the private keys for your crypto and deposit them in the root storage of your phone. The inherent risks associated with mobile wallet apps include exposure to malware attacks, hacks, and ransomware.

The most reliable wallet for the best altcoins to buy right now, especially if you intend to buy and hold, is the hardware wallet. There are several highly reputable hardware wallets in the market, including Ledger and Trezor. These don’t just keep your digital assets safe offline but also hand absolute access and control over your cryptos to you.

How to Buy Shiba Inu (SHIB) Coins Today – Step-by-Step Tutorial

In this section, we detail the process of buying Shiba Inu on eToro. It follows the same trading process just as you would buy top cryptos like Bitcoin or Ethereum. It only takes a few minutes, and since eToro is multi-platform, you can buy SHIB on eToro via its web or mobile traders.

Step 1: Register an account

Sign up via etoro

On your browser, open the official eToro website. Alternatively, download the eToro mobile trading app on Android’s Play Store or Apple’s App Store. Hit the ‘Join Now‘ icon on either platform. Complete the registration form by keying in your basic personal information, like your name, age, zip code, country of residence, and trading experience.

Step 2: Verify your identity

eToro subjects all its platform users through the KYC check. You will need to complete this step by submitting a government-issued identification document that bears the names used to create the user account. The exchange will notify you of account approval via email, usually within 24 hours.

Step 3: Deposit Funds

Deposit funds on eToro

Proceed to fund this account by hitting the “Deposit Funds” icon on your user dashboard. On the funding tab that pops up, choose one of the listed payment options and follow the prompts to deposit at least $10 into eToro.

Step 4: Search for Shiba Inu

Search for Shiba Inu

On the search bar, enter Shiba Inu or SHIB. Click “Trade” against the digital asset when it pops up.

Step 5: Buy Shiba Inu tokens

Buy Shiba Inu on eToro

Use the trading tab that appears next to customize this investment. Indicate the US Dollars you intend to invest in the meme coin – with the minimum trade limit set at $10 – then click ‘Open Trade’ to execute this investment.

Cryptoassets are a highly volatile unregulated investment product.Β 

How to Sell Shiba Inu

Selling Shiba Inu on eToro is easy and, like the buying process, you can complete it in a few clicks and in a few minutes. On your user dashboard, click on the ‘Portfolio’ icon. A list of all your open positions on eToro will pop up. Find Shiba Inu and hit the red “X” option next to the meme coin.

A confirmation tab will appear, asking you to confirm your choice. Hit the “Close Trade” option to sell your Shiba Inu. The fiat equivalent will be deposited into your eToro account immediately and can be withdrawn or used to buy any of the 70+ hottest cryptos supported on the platform.

Conclusion – Beginners Guide on Where to Buy Shiba Inu (SHIB)

There goes a detailed guide of where to buy Shiba Inu as well as how to buy SHIB coins today. We have discussed the best exchanges that list the meme coin and told you what Shiba Inu is and how it has performed in the past. We also looked at its expected future price action and went over some of the reasons why you may consider adding it to your portfolio.

The guide even looks at the most popular ways of buying SHIB and other meme coins and talks about the best crypto wallets for keeping your SHIB tokens safe.

If you want to jump straight to buying Shiba Inu right now, we recommend using the eToro crypto brokerage. Use the detailed step-by-step SHIB buying guide that we have listed hereinabove to learn how to go about it.

Author Checked Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.

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Cryptoassets are a highly volatile unregulated investment product.

FAQs on Where to Buy Shia Inu (SHIB)

Where can I buy Shiba Inu tokens?

Shiba Inu is a hugely popular digital asset, available for trade on virtually all the most popular and most liquid crypto exchanges. Today, for instance, you can buy Shiba Inu on such crypto trading platforms as eToro, Binance, Coinbase, ByBit, Crypto.com, and more. We recommend buying the digital asset on eToro.

Buying Shiba Inu on eToro is easy. Start by creating a crypto trader account on the brokerage, verify your identity, deposit at least $10, search for Shiba Inu from the list of supported crypto, and hit the 'BUY' option.

No, while Shiba Inu is currently trading at a few thousand times above its introductory price, it is still grossly underpriced and ready for an upward price correction. The meme coin's value is expected to continue uptrending, which makes now a good time to invest in Shiba Inu.

The fact that Shiba Inu is a meme coin with no sustainable fundamentals – currently – makes it impossible to tell if and when Shiba Inu will reach $1. Pessimistic analysts argue that Shiba Inu will not live long enough to reach $1, while the more optimistic believe that SHIB will take forever to get here – probably two decades.

Your preferred crypto exchange determines the minimum you can invest in Shiba Inu - $10 on eToro and $2 on Coinbase. The maximum you can invest in SHIB will, however, be determined by such factors as your disposable income, trading experience, risk tolerance, and an understanding of the crypto markets.

Yes, you can buy Shiba Inu in the US via a number of crypto exchanges – including eToro.US and Coinbase.

No, unlike equally popular cryptocurrencies like Bitcoin or Ethereum, which have the backing of highly sustainable blockchain networks, Shiba Inu is yet to prove its utility beyond speculative investment. It, therefore, may not be a viable long-term investment.