Shiba Inu is an Ethereum version of Dogecoin created early this year. The coin made many people billionaires before crashing after Vitalik made donations on the creators’ gains to a charity in India. Recent whale purchases in October left many wondering, ‘Where to buy Shiba Inu?
The coin, which began as a meme and is now a decentralized ecosystem, has several platform listings, preceded by whale purchases. Users can purchase the coin indirectly on popular platforms through a stable currency, except for ShibaSwap. Here are the best platforms where you can buy Shiba Inu:
1. ShibaSwap
ShibaSwap is the Shiba Inu decentralized exchange of the coin with an early launch this year. The wallet allows for the purchase of Shiba Inu and trading with other users. It also allows Shiba owners to stake their coins, provide liquidity, and earn returns because the DEX also allows for the trading of WETH for SHIB.
2. eToroX
eToroX is a large cryptocurrency CEX that traders can indirectly purchase Shiba Inu tokens. The platform allows for the currency trading pair SHIB/USD. As a trader, go to Etorox and sign up; purchase USD if you have already signed in, and then trade your USD for SHIB. The price is $0.00003001 with a spread of 0.01%.
3. Crypto.com exchange
It is a popular wallet that allows for SHIB/USDC trading currency pairs. As a trader, purchase the stable currency USDC and swap it for SHIB tokens. The price is $0.00002688 with a spread of 0.12%.
4. Binance
Binance is a CEX that allows for the purchase of Shiba Inu tokens in two different ways. The CEX has two major stable currencies, Tether and Binance USD coins. As a trader, you can choose which stable currency coin to purchase and swap for SHIB. The price is $0.00002680 with a spread of 0.4%.
5. Coinbase Exchange
Coinbase allows for SHIB/USD trading currency pairs. As a trader, purchase the stable currency USD and swap it for Shiba Inu tokens, SHIB. The price is $0.00002721 with a spread of 0.07%.
6. Huobi Global
Huobi allows for SHIB/USDT trading currency pairs. As a trader, purchase the stable currency USDT and swap it for the Shiba Inu token.
7. Uniswap
Uniswap is an exchange site that uses wallets such as Metamask to swap coins from one to another. V2 allows a trader to swap WETH for SHIB, whereas v3 enables a trader to exchange ETH for SHIB. The price is $0.00002696 for v2 and $0.00002694 for v3, but both have a spread of 0.6%.
Coingecko lists over 50 exchanges that have SHIB tokens on their listings; the above are simply a few of the sites a trader can buy Shiba Inu.
Future of Shiba Inu
A use case is essential for any cryptocurrency project to last, therefore, it is difficult to predict the future of Shiba Inu because it has no actual use case. Recent whale purchases might be promising, but it is essential to invest in blue-chip projects and only use Shiba Inu for profits.