The Best Places To Buy Shiba Inu Coin (SHIB) In 2022

Last Updated April 2nd 2022
29 Min Read

Where to Buy Shiba Inu Coin – Beginner’s Guide

Are you researching where to buy Shiba Inu coins? You’re in the right place. In this article, we will inform you about the best places to buy Shiba Inu crypto in 2022, their pros and cons, and the invaluable information provided will direct you to the top cryptocurrency exchanges that suit your SHIB investing needs.  

Shiba Inu Coin is one of the cryptocurrencies that has brought enormous gains to its short and long-term investors. Having appeared on cryptocurrency exchanges on Saturday, 1st August 2020 at $0.000000001335, SHIB reached an all-time high of $0.000088 on 28th October 2021. This means that the meme-inspired cryptocurrency returned 4,000,000% for investors that purchased the coin in its earliest days as a tradable digital asset.

Due to the reporting of such gains within a short period, many people started showing extensive interest in the possibilities of Shiba Inu as a transactional currency as well as a tradable token. 

This has led millions of sophisticated and unsophisticated traders and investors to ask questions. The most popular among them is where to buy Shiba Inu Coin (SHIB) and how to buy the meme coin?

So read through every step of the processes outlined, learn where to invest in Shiba Inu Coin, and be a part of the crypto revolution. 

If you want to buy Shiba quickly and easily, with 0% Commission, check out eToro Exchange!

Best 5 Exchanges to Buy Shiba Inu Coin

All of the experts have been in the crypto space right from its inception. Based on our collective individual experiences, we have encountered issues with customer service, security, as well as liquidity. Since you cannot learn without making mistakes, we have highlighted all the errors from navigating numerous exchanges. 

Here is a list of exchanges you can consider as the best places to Buy Shiba.

Where to Buy Shiba Inu Cryptocurrency

Now many crypto exchanges offer the SHIB coin on their platforms. With that in mind, We have been able to shortlist the best 5. The winners are eToro, Binance, Coinbase, OKEx, and Huobi Global. 

Reviewed below are five of the most effective exchanges for buying SHIB today.

1. eToro – The Best Place To Buy Shiba Inu

After reviewing more than 50+ exchanges, we concluded that eToro is the overall best provider to buy SHIB. eToro is a multi-asset exchange trading platform with more than 15 years of experience. As one of the pioneer exchanges created in 2006, eToro provides up to 90 cryptocurrencies that can serve your trading and investing needs. 

Towards the end of May 2021, when Chief Executive Officer (CEO) of eToro Yoni Assia was asked about the possibility of listing Shiba Inu Coin by Business Insider, he pointed out that “Unfortunately, we do not comment on future listings on eToro, but I would say that it does seem that Shiba has a passionate community around it.” Two months later on Friday, 30th July 2021, eToro gave in to the increasing demands of its users for Shiba and the cryptocurrency was listed for trading. 

With more than 17 million users in approximately 100 countries, eToro provides a graphics-intensive trading platform that holds the safety and security of its users at heart. This is the primary reason why analyst Theresa Carey of Investopedia has pointed out that, “eToro offers newcomers to cryptocurrency trading an attractive platform that is remarkably easy to use.” 

You can now be assured that if you are searching for where to buy Shiba Inu Coin, eToro is one of the best platforms to consider investing your money. 

buy shib on etoro

Before you buy SHIB tokens through eToro, let us analyze the pros and cons of the platform. 

Pros: 

✅  Well-established and regulated financial services company.

✅  Easy-to-use website and mobile application. 

✅  Provides lots of deposit methods.

✅  Comprises a great community of cryptocurrency traders whose trading patterns can be beneficial to you as a novice or even experienced trader in the form of copy trading.

✅  eToro provides 24/7 customer service that is always ready to answer all your questions.  

Cons:  

❌  Residents in Virgin Islands, Guam, Hawaii, and American Samoa cannot become customers of eToro (important, please take note). Citizens of Canada, Israel, Turkey, and Japan cannot register for an eToro account due to local regulations. 

2. Binance – Top Place for Experienced Investors to Buy Shiba Inu 

Binance is another option if you’re wondering where to buy Shiba Inu. Founded in 2017 by Chanpeng Zhao, Binance is the largest cryptocurrency exchange in the world by trading volume. In the latest report by Statista which ranked the top 100 biggest cryptocurrency exchanges in the world on 16th August 2021 based on a 24-hour volume, Binance topped the charts. The exchange recorded $25.54 billion

Binance has 13.5 million active users from more than 100 million users worldwide. With the exchange being the most popular among a list that exceeds more than 400, buying Shiba Inu Coin on Binance is one of the best places to answer one of the most trending questions online, where to buy Shiba Inu? You should know that Shiba Inu Coin is known as Shiba Inu on Binance. 

buy shib on binance

Pros 

✅  Certified and established cryptocurrency exchange.

✅  Trade more than 150 cryptocurrencies. 

✅  With billions in daily trading volume on the exchange, there are no liquidity problems. Since the biggest volumes come from multiple crypto pairs, Shiba Inu could see huge volumes which could impact its price positively in the long term. 

✅  It offers a secure platform due to the multi-tier & multi-cluster system architecture and the Secure Assets Fund for Users (SAFU) insurance fund which protects your account. What’s more, there is a 2-factor authentication process to ensure that your account wouldn’t be compromised. As a result, you can hold your Shiba Inu Coins for the long term on your Binance account or Binance’s crypto wallet app TrustWallet.

✅  The Binance Community comprises day traders, blockchain enthusiasts, decentralized finance fans, and cryptocurrency traders. This will help you learn more about trading and investing.

✅  Binance has an awesome mobile application that has been rated as one of the best trading apps worldwide. 

Cons

❌  Binance does not allow online payment platforms such as PayPal, Skrill, and others to be used as deposit methods. For people who do not feel comfortable exposing their financial information to cryptocurrency exchanges, this makes it difficult to assess the awesome features of the platform. 

❌  The trading platform appears a little complex for beginners. Novice traders and investors who would opt for Binance in their purchase of Shiba Inu will at first find the platform difficult to navigate.    

❌  There is also the case of high fiat minimum deposit.  

3. OKEX – Buy Shiba Inu With the Largest Daily Volume Platform

Another top platform that offers Shiba Inu is OKEX. OKEX was founded in 2017 in Seychelles. The cryptocurrency exchange is considered by many investors as one of the top places to buy Shiba Inu coins.  

On Monday, 10th May 2021, OKEx announced the listing of Shiba Inu Coin (SHIB). OKEX is one of the largest cryptocurrency exchanges by daily volume. In the same study conducted by Statista in August 2021 that saw Binance top the charts, OKEx finished 4th. The exchange recorded $6.24 billion in 24 hours. This signals the level of investor activity that continues to happen on the platform in its 4-year run in the cryptocurrency space. 

buy shib on okex

OKEX continues to serve millions of users in more than 100 countries. With its integration with Polygon (a layer-2 scaling solution from Ethereum), the exchange will process more transactions at a relatively lower cost. Because of this, we can expect their user base to grow substantially over the years. 

Pros:

✅  OKEX has designed an easy-to-use BUY/SELL dashboard that could be navigated by novice traders and investors. 

✅  Offers 100s of trading pairs. Through a range of services, users can engage in spot trading, margin trading, and decentralized finance.  

✅  There is a 24/7 technical team to support you. More importantly, there is an online chat feature that swiftly responds to all the concerns you may have concerning your trading and investing activities. 

✅  In 5 easy steps, you can begin trading on OKEX. You sign up, secure your account, go through the Knowing Your Customer (KYC) phase, set preferences, deposit funds, and you are good to go.

✅  Offers a wide array of fiat currencies to be used as deposit methods. What’s more, you can directly deposit crypto into your account. Users who would love to buy Shiba Inu with a portion of their crypto holdings can do so.  

Cons:

❌  It is not open to all countries. Residents of the United States cannot access OKEX. 

❌  There is some complexity in its fee structure.

❌  There are questions over its security and reputation after the platform experienced numerous cases of withdrawal suspensions in 2020.

 

4. Coinbase – Popular Way to Buy Shiba Inu for First-Time Investors

The final place we’d recommend if you’re looking where to buy Shiba Inu crypto is Coinbase. Most people will have heard of Coinbase was founded in 2012 and is one of the pioneer cryptocurrency exchanges. When exchange listings became a major driver in the price of digital assets, Coinbase became the main exchange that could propel the valuation of a crypto token to new heights upon listing. 

Coinbase recorded 56 million verified users in the 1st quarter of 2021. This number is projected to increase by as much as 16.8 million verified users by the end of 2021. Coinbase is available in more than 100 countries. 

The exchange continues to record billions of dollars in daily trading volume and it's one of the platforms that makes it easy to buy Shiba Inu Coin.

buy shib on coinbase

Before buying SHIB, it would be in your interest to analyze the pros and cons of Coinbase. 

Pros:

✅  There are no liquidity problems on the exchange.

✅  Offers a wide variety of more than 50 altcoin choices. 

✅  It has an easy-to-navigate user interface that makes it easy to initiate orders such as BUY and SELL. 

✅  Offers more than 60 plus pairs (crypto-to-crypto trading pairs). 

✅  Offers highly rated mobile applications on Android and iOS. 

✅  Best suited for cryptocurrency traders. 

✅  Highly regulated, possesses strong security, and is insured in case there is a technical fault or hacking incident.

Cons:

❌ As a user, you wouldn’t be able to control your wallet keys since Coinbase is a centralized cryptocurrency. 

❌ There are privacy concerns due to Coinbase’s quest to adhere to regulations. 

❌ The use of a debit card as a payment method is only available for residents in certain countries.

❌ There is a difficulty in reaching customer service via telephone.  

Read Also: Coinbase vs eToro: Which is Better?

5. Honorable Mentions 

If you are researching where to buy Shiba Inu cryptocurrency, the below options are also good. 

  • Huobi Global.
  • Gate io
  • BiONE
  •  FTX 

Introduction to the Crypto World of Shiba Inu 

People mix up Shiba Inu Coin (SHIB) with popular terms such as blockchain technology, cryptocurrency exchanges, cryptocurrencies, wallets, and decentralized finance among others. Some basic knowledge about the whole Shiba Inu project is important before you take a step into trading or investing in Shiba Inu

  • There are thousands of cryptocurrencies. Bitcoin was the first cryptocurrency created. Other cryptocurrencies including Shiba Inu are collectively termed as alternate coins (altcoins). Cryptocurrencies perform at least one function. It serves as a transactional currency for the payment of goods and services and can be used to power decentralized applications running on its native blockchain. Shiba Inu falls under the category of cryptocurrencies that perform a single function as a transactional currency. 
  • Shiba Inu Coins are divisible. This means that you do not have to purchase a whole coin. You can buy a piece of the coin. With the price of SHIB trading for less than $1 since its inception as a tradable token in August 2020, you can purchase millions of SHIB for a few thousand dollars. 
  • Built on the Ethereum Network as an ERC 20 token, Shiba Inu is a decentralized protocol that was built to help send and receive money over the internet after being inspired by meme-currency Dogecoin. The founder of the project goes by the name RYOSHI. 
  • Exchanges such as Coinbase, Binance, eToro, Huobi Global, OKEx, FTX, and Gate.io are independent websites that have been created purposely to allow you as a trader or investor to exchange fiat money (USD, EUR, and GBP among others) for cryptocurrencies. 
  • Wallets such as TrustWallet by Binance are software that facilitates access to your cryptocurrencies. They serve the primary purpose of transferring and storing Shiba Inu as well as other cryptocurrencies in a secure environment.

As you continue to explore the crypto world, you will learn more about how to buy Shiba Inu coins. First, you need to find answers to the question; where can I buy Shiba Inu tokens? 

In the not-too-distant future, you will realize that the best places to buy Shiba Inu crypto are dependent on your geographical area, as well as your needs and interests.

Check Out: Is Shiba Inu Coin A Good Investment And Should I Invest In SHIB?

Finding The Right Site For Your Shiba Inu Needs 

Cryptocurrency exchanges have moved from 10s to more than 450 at the time of writing. As a result, there are numerous places to buy Shiba Inu Coin. While some are better than others, many of them have similar features while others have different characteristics.

Before we reveal how to invest in Shiba Inu Coin based on your preferences, you must know what you want. Here are the features you should take into consideration before buying Shiba Inu Coin on a particular exchange. 

1. Liquidity

Trading Volume plays a key role in not only serving as a determinant of the future price patterns of a cryptocurrency but the potential of an exchange as well. Cryptocurrency exchanges that record huge daily volumes will help you buy and sell a high number of your Shiba Inu Coins at better prices. 

2. Speed

Across trading and investing circles, there are instances where an initiated order fails to execute while the value of the asset continues to go up or down. The difference between the price you ordered and the price executed on the platform is called slippage.

You should always watch out for the speed of executing transactions since it could be detrimental to your chances as a day trader (whether you are in to take advantage of multiple percentage swings) or an options trader who looks forward to profiting from trades within a given period. 

3. Regulatory Compliance

Due to the controversies and scams associated with the digital assets space, you should always watch out for exchanges that prioritize the Knowing Your Customer (KYC) phase of the verification process. With this, most exchanges ask for a government-issued identification card with your signature embossed that confirms the details you earlier on input in the signing up process.

Take note if they ask for proof of residence since this will help verify your account fully. This helps in preventing a breach of your account and upholds the quest of regulatory agencies to eradicate money laundering activities through crypto. Moreover, it also secures your account from any form of withdrawal limits. Be extremely suspicious if there is no extensive verification process. 

4. Payment Methods

You do not want a situation where you register for an account and realize the payment methods available do not suit your preferences. If you can make deposits through online payment wallets such as Skrill, PayPal, NETELLER, and others you are good to go. This is because as per new regulations, these financial service companies are required to fully verify their customers.

Bank/ Wire Transfers and Debit/Credit Cards are safe ways of depositing funds since they are verified before transactions are completed. If all the depositing methods are solely cryptocurrencies, you should be extremely suspicious of scammers (there are financial sharks out there looking for money so do not bleed). 

5. Reputation

Watch out for exchanges with a great reputation. Thanks to social media (Twitter, Reddit, and Facebook), people give extensive reviews of the platforms that feature strongly when where to buy Shiba Inu Coins come to the discussion table. When we researched some digital assets in February 2021, there were less than 200 exchanges.

There are more than 450 exchanges on the market. Once boxes under the categories of security, customer service, and ease of use are ticked, you should know that you have the right exchange that can help you buy Shiba Inu Coins securely and safely. 

6. Fees

Although they perform the same role, exchanges differ in how they price transactions. If you are looking for the cheapest way to buy Shiba Inu Coin versus the fastest way to buy Shiba Inu Coin, then fees will come into effect. Of course, you must not settle for less quality because of relatively cheaper fees. You must find an exchange that can give you value for money. 

7. Licenses and Certifications

 You should aim for exchanges that have the necessary documents that permit them to operate. Failure to watch out for such vital details could see you swindled out of your hard-earned money. Read about an exchange of interest and ensure you do everything in your capacity to get to know if they are acting per the appropriate regulatory body under your jurisdiction. 

8. Geographical-Restriction

Some exchanges may fit your preference but may not be available in your country. You must use exchanges within your geographical range. Trying to use a Virtual Private Network (VPN) to change your internet protocol (IP) address to another destination will make it difficult for you if there are financial disputes that need to be resolved. You wouldn’t be able to pursue a legal case against a particular exchange, even if they are at fault because of a breach in location rules. 

9. Takeaway

Although there are 100s of exchanges from which you can buy Shiba Inu Coin, you should choose from a range of exchanges that meets your needs while fitting the availability of your location. 

Don't Miss:  Is Now the Right Time to Buy Shiba Inu?

Ways of Buying Shiba Inu Coin

If you want to buy SHIB today but you’re not too sure which payment type to use – consider the methods outlined below. 

Buy Shiba Inu With Credit Card or Debit Card

Buying Shiba Inu using debit and credit cards is easy and fast. Depending on the cards your preferred exchange supports (Visa, Visa Electron, MasterCard, or Maestro), you can deposit funds and buy Shiba Inu. More often than not, a confirmation message of initiated transactions with a pin code is directed to your phone number. This helps prevent fraud and money laundering.

Take note, eToro is one of the only exchanges that will allow you to buy Shiba Inu with a credit/debit card without paying any fees. Binance, for example, charges 4.5% while at Coinbase, you will pay 3.99%.

Buy Shiba Inu With PayPal

PayPal makes it easy for you to upload funds in less than 10 minutes. Depositing through these online payment systems is mostly free. This makes these platforms one of the easiest ways to deposit funds to buy SHIB tokens.

Buy Shiba Via Bank Transfer

This is still one of the best payment methods. Depositing fees for bank transfers are normally low and can take at least a day for a transaction to be completed. This is one of the safest ways to deposit funds into your account which can set you on the path to investing in Shiba Inu

Choosing A Shiba Inu Wallet

Once you have learned how to buy SHIB tokens and where to complete your order – the final thing to consider is storage. After all, Shiba tokens are stored in crypto wallets.

There is plenty of choice in this regard, as Shiba wallets can come via a mobile app, desktop software, or a hardware device. Each SHIB wallet will offer a certain blend of security and convenience.

etoro wallet

How to Buy Shiba Inu – Tutorial

This guide has so far covered the following key topics:

  • Where to buy Shiba Inu coins
  • Why Shiba crypto could be a good buy
  • The best ways to buy Shiba online
  • And how to safely store your Shiba tokens

The Cheapest Place to Buy Shiba Inu Coin 

eToro is the cheapest place to buy Shiba Inu Coin in our list. This is because deposits by bank account, wallet, debit/credit cards, automated clearing house (ACH) transfer, and wire transfer are FREE.

The Safest Places to Buy Shiba Inu Coin 

All the exchanges listed are part of the safest places to buy Shiba Inu.

Choosing from the lot, we recommend eToro as the safest platform to buy Shiba Inu Coins. This is because it provides features such as 2FA verification, cold storage of your private keys, its insured by the Federal Deposit Insurance Corporation (FDIC), has multi-signature facilities, and more importantly, users will have to go through the Knowing Your Customer (KYC) phase to ensure that the person behind the computer or mobile phone is authentic. 

The Easiest Platforms to Buy Shiba Inu Coin 

From our list, the easiest place to buy Shiba Inu is through the eToro Exchange or Coinbase. Depending on how cooperative you are as a client, their verification process can be completed in few hours. With no fees on deposits and a highly rated mobile app on Android and iOS, you can buy Shiba Inu Coin through eToro no matter where you find yourself. 

The Fastest Platform to Buy Shiba Inu Coin 

You can buy Shiba Inu quickly on Binance Exchange or eToro. With no liquidity problems on the exchange, the buy order will be executed on the price level you prefer. eToro has been expertly designed to avoid slippages.  

How Do I Buy Shiba Inu Coins Near Me? 

Cryptocurrency ATMs are popping up across cities globally. While meme-inspired currency Dogecoin (DOGE) is now available at 1,800 ATMs across the United States as of 1st March 2021, the same cannot be said for Shiba Inu Coin (SHIB). Currently, the only places you can buy Shiba Inu are through centralized and decentralized exchanges. OKEX, eToro, Binance, Huobi Global, Gate io, and Coinbase have built technological infrastructure that makes it easy to buy Shiba Inu. 

Best Places to Buy Shiba Inu Coin Anonymously 

Uniswap is not only the largest decentralized exchange (DEX) globally but it is the best way to buy Shiba Inu anonymously. Uniswap’s platform is flexible, provides more trading options, is secure, private, and compatible with ERC 20 tokens such as Shiba Inu Coin (SHIB). 

What’s more, it controls 70.4% of the DEX market and has seen 105,424 traders on its platform in the last 7 days up to the time of writing. This means that the DEX is well placed to help you buy, hold, and sell SHIB quickly and easily. 

Many experts believe Uniswap is the best DEX to facilitate crypto transactions which include buying Shiba Inu Coins. 

Best Places to Buy Shiba Inu Coin with PayPal 

eToro is the top platform to buy Shiba Inu with PayPal since you can make deposits without fees. Competitors such as Coinbase allow deposits via PayPal but it comes with a 1.49% fee on deposits. 

Best Place to Buy Shiba Inu Coin with a Credit/Debit Card 

eToro is a good place to buy Shiba Inu with a Credit/Debit Card since deposits are free of charge. Other places such as Coinbase make it possible for its users to buy Shiba Inu with a Credit/Debit Card but it comes with charges of 3.99% as deposit fees. Binance is also a good place but it comes with 1.8% deposit fees for EUR and GBP transactions. USD deposits are free.

Best Place to Buy Shiba Inu Coin with Your Bank Account 

eToro and Coinbase are the best places you can go to if you want to buy Shiba Inu with your bank account. Deposits via eToro are FREE while deposits via Coinbase come with a 1.49% deposit fee. 

How to Buy Shiba Inu - Conclusion 

In summary, our guide has taken an in-depth research and looked at where to buy Shiba Inu coins today, the best platform to choose from, and provided a  full detailed walkthrough of the investment princess. 

If you’re wondering where to buy Shiba Inu coins today, we recommend you to choose etoro or Binance as they both are fully regulated and their minimum deposit amount is only $10.

eToro – Best Place To Buy Shiba Inu

Open an account with eToro, deposit some funds with USD, and finally – buy Shiba Inu tokens from just $10.

etoro cryptocurrency trading

eToro have proven themselves trustworthy within the crypto industry for years – highly recommend them. 

Virtual currencies are highly volatile. Your capital is at risk.

FAQs 

Where can I buy Shiba Inu coins?

Thes best platform for buying Shiba Inu is eToro or Coinbase. This is because both platforms offer low trading fees and the ability to make investment with a minimum deposit as little as $10.

How to Buy Shiba Inu Crypto Legally?

As long as an exchange is available in your geographical area, you can buy Shiba Inu legally. eToro, Binance, Coinbase, OKEX, Huobi Global, and FTX among a range of cryptocurrency exchanges make it possible for you to buy Shiba Inu legally.  

What Are The Safest Sites To Buy Shiba Inu Coins (SHIB)? 

The safest sites to buy Shiba Inu are exchanges that require you to complete the Knowing Your Customer (KYC) process. This helps you verify your identity and as well pursue a legal case against a preferred exchange if something should go wrong. Exchanges such as eToro, Binance, and Coinbase have an intensive verification process that ensures the safety of your account. 

Where Is The Best Place To Buy Shiba Inu?

Through our detailed research and experience, we’ve found the best place to buy Shiba Inu is eToro or Coinbase. They both are regulated and don't charge high trading fees, making them the ideal platforms for investing in SHIB cryptocurrency.

What is The Cheapest Exchange To Buy Shiba Inu Coin (SHIB)? 

The cheapest place to buy Shiba Inu coins is from eToro. Their zero depositing fees across bank transfers, credit/debit cards, and online wallets make them the fastest and cheapest way to buy SHIB.

Read More:

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