As cryptocurrencies have grown, more people are using Shiba Inu (SHIB). Even though it began as a joke coin, it has become an important part of the bitcoin market, especially when prices go up. To buy a Shiba Inu in the United States, Coinbase, Binance, and Kraken are three famous and trustworthy exchanges. This guide will explain how to use these platforms to buy SHIB, their features, and how to make the buying process go smoothly.
Understanding Shiba Inu and Its Popularity
In 2021, Shiba Inu became one of the most searched cryptocurrencies in the world, attracting cryptocurrency enthusiasts. Its increasing community, Shibarium blockchain release, and several dApps using it have made it famous. As funny currencies gain popularity, Shiba Inu will become a crypto powerhouse.
Why Choose Coinbase, Binance, and Kraken?
When buying a Shiba Inu, choose the correct site for a simple process and low price. Each site has perks and cons for new buyers, as well as pros.
1. Coinbase
Coinbase is recognized for being user-friendly, making it ideal for beginners. You may buy, sell, and store over 290 cryptocurrencies, including Shiba Inu.
Key Features of Coinbase:
User-Friendly Interface: Coinbase is best known for its user-friendly layout and simple app for cryptocurrency beginners.
Advanced Trading Options: Coinbase Pro includes more complex charts and trading tools for traders wanting to learn more and maximize market returns.
Security Measures: Coinbase uses two-factor authentication (2FA) and FDIC protection for accounts up to $250,000.
Fees and Staking:
Coinbase charges maker-taker fees and stakes, this means fees vary by order type and trade volume. Market orders for Shiba Inu cost up to 0.6%, limit sales may cost less. Staking Shiba Inu on Coinbase is now unavailable, which could concern buyers who wish to make money without doing anything.
Pros and Cons of Coinbase:
Pros:
- Extensive selection of cryptocurrencies.
- Crypto wallet for secure storage and NFTs.
- Advanced trading features for experienced users.
- Strong security measures and customer support.
Cons:
- A complex fee structure can confuse new users.
- Limited staking options for Shiba Inu.
How to Buy SHIB on Coinbase?
- Create an Account: Sign up for Coinbase with your email and strong password.
- Check Your Identity: You’ll need a driver’s license or visa to verify your identity.
- Link a Payment Method: Use a credit card or bank account.
- Search for SHIB: To fund your account, search “SHIB.” on the website or app.
- Place an Order: Select a limit or market order. Buy something after that.
- Secure Your Investment: Save your SHIB assets in a safe wallet after buying them to keep them longer.
2. Binance
Binance is a major cryptocurrency exchange. It has over 150 million users and 500 cryptocurrencies like Shiba Inu. It has several benefits, and consumers of all levels prefer it.
Key Features of Binance:
Wide Range of Products: Binance stands out for its spot trading, futures, options, margin trading, and NFTs.
Complicated Trading Tools: Skilled traders can use Binance Pro’s complicated charts and interface for research.
Low Trading Fees: Binance offers one of the lowest trading costs. Regular maker-taker fees are 0.1%. Use Binance Coin (BNB) to reduce fees.
Fees and Staking:
Maker and taker orders incur a 0.1% cost, Binance lets you keep multiple coins, but Shiba Inu’s 0.01% APY may deter some.
Pros and Cons of Binance:
Pros:
- Extensive selection of cryptocurrencies and trading options.
- Advanced trading tools and features for experienced traders.
- Competitive fee structure and staking options.
Cons:
- The interface may feel overwhelming for beginners.
- Low staking rewards for Shiba Inu.
How to Buy SHIB on Binance?
- Sign up: Binance registration is required. You must then verify your account.
- Fund Your Account: Credit cards and bank accounts can fund your account.
- Navigate to the Market: When you have enough money, visit the market for SHIB.
- Select the order type: Choose a market or limit order based on your trading style.
- Execute the Trade: Take care of your order and buy the Shiba Inu.
- Withdraw to a Wallet: Changing your SHIB to a wallet may be safer.
3. Kraken
Kraken is a trusted exchange that simplifies trading for beginners and offers extensive tools for pros. They recommend Kraken for buy Shiba Inu since it lets you sell over 230 coins.
Key Features of Kraken:
Educational Resources: Kraken’s best features are its learning facilities for beginners in Bitcoin.
Margin Trading: Margin traders can utilize up to 5x leverage, increasing rewards and dangers.
Competitive costs: Depending on the order type and trading volume, busy traders’ fees range from 0% to 0.26%.
Fees and Staking:
SHIB is available on Kraken for fees and stakes; order types have various fees. Market orders cost 0.16%–0.26%. Kraken allows staking multiple cryptocurrencies, but not Shiba Inu.
Pros and Cons of Kraken:
Pros:
- Comprehensive resources for beginners and experienced traders.
- Competitive trading fees and margin trading options.
- Strong security measures and customer support.
Cons:
- Limited staking options for specific cryptocurrencies.
- 2% transaction fee for NFTs.
How to buy SHIB on Kraken?
- Sign up: Sign up with Kraken and verify your identity.
- Add Money: Use a credit card or bank transfer to deposit money.
- Find SHIB: Search trade sets for Shiba Inu.
- Select your order type: Choose a market or limit order based on your strategy.
- Read Your Order: Verify your SHIB purchase order.
- Secure Storage: If you want to keep your SHIB long-term, keep it safe.
SEE ALSO: Shiba Inu Scams: How to Protect Yourself and Safely Buy
Conclusion
Buying a Shiba Inu can be exciting, especially with the potential for growth in the cryptocurrency industry. The best SHIB exchanges are Coinbase, Binance, and Kraken. Each site offers different features, costs, and ways of using them, so choose one that suits your needs and trading style.
No matter the tool, safety comes first, consider securing your SHIB, using two-factor authentication, and using secure passwords. New cryptocurrency bargains are always available. Keep up with the latest and make informed judgments to succeed in this dynamic area. Buy SHIB safely and Happy trading!
