Are you looking to buy Shiba Inu coin? Fortunately, you have a wide range of account options to buy the meme coin from popular crypto exchanges and online brokerages with Shiba Inu coins.
What is the Shiba Inu Coin?
Shiba Inu Coins (SHIB) is a cryptocurrency alternative to the meme coin DOGE, both inspired by the Shiba Inu dogs. SHIB is a fungible–ERC20–token created and hosted on the Ethereum Blockchain. The coin was made anonymously on August 2020.
SHIB is “an experiment in decentralized spontaneous community building.” The original available amount was one quadrillion coins. But due to coin burning, coin availability is reduced. Currently, it has a total supply of 589.7 trillion with 549 trillion in circulation.
How to Buy Shiba Inu Coin
The Shiba Inu Coin is available in many decentralized exchanges such as UniSwap. However, in this article, we’re focusing on apps and exchanges that are more accessible to the average investor.
Before continuing, it’s essential to understand that investing in cryptocurrency is highly volatile. There is a high risk of losing all of your investments. Due to the volatility, it’s not the best option for many. Consider your risk tolerance.
With crypto exchanges, you’ll discover there are fees associated with each trade. However, some popular apps like Webull and Public do not charge a transaction fee, but other fees may apply. Depending on your interest, understanding, and risk level, one platform may serve you better than another.
Welcome to the phroogal 5, a series of the five best apps. We’ve done the work to narrow down the best choices. Want more options? Check the crypto marketplace.
Where to Buy Shiba Inu Coins? Best Apps
Find where to buy Shiba Inu coins in the United States below. The following are the best apps to buy, sell and hold $SHIB to grow your crypto investments.
|Shiba Inu Coins||Features||Bonus|
|Webull||Trades with charts and tools – $0 commissions||$5 of SHIB|
|Public||Engage with a community – $0 commissions||$10 share of stock|
|Crypto.com||Dedicated crypto exchange – Low fees, earn interest||None|
|Coinbase||Crypto education – Low fees, earn rewards||$5 of BTC|
|Voyager||Simple user interface – $0 commissions||$25 of BTC|
Webull Crypto: Best for active stock traders
Webull is an online brokerage offering users access to the crypto market. Easily buy and sell Shiba Inu coins with zero-commission fees and 24/7 trading availability.
- Trade stocks, ETFs and cryptos in one place
- Real-time data
- Community chat feature
Transaction Fee: $0
Read the Webull Crypto Review.
Public.com: Best for beginners
Public.com allows members to buy and sell Shiba Inu coins along with individual stocks, fractional shares, and ETFs.
- Community of investors to engage and chat
- Trading features like limit orders
- Crypto-focused lives to increase knwoeldge
Transaction Fees: $0
Read the Public.com Crypto review.
Crypto.com: Best for serious crypto investors
Crypto.com is a crypto exchange accessible via mobile app and online platform to buy and sell 90 cryptocurrencies, including Shiba Inu.
- Low fees on crypto trades
- Earn interest
- Use debit and credit card to buy Shiba
Transaction Fee: volume-based; per transaction.
Read the Crypto.com review.
Coinbase: Best for knowledge seekers
Coinbase is the largest cryptocurrency exchange offering 50+ cryptos to buy, sell, and manage your digital assets.
- Buy Shiba Inu coins by purchasing USD Coin first
- Low fees
- Receive rewards up to 14.5% on crypto assets
Transaction Fee: Varies
Read the Coinbase review.
Voyager: Best for crypto simplicity
Voyager is a crypto broker to buy and sell 60+ cryptocurrencies with zero-commission trades. The platform gives you the powerful tools you need to gain a competitive edge with advanced market data and interactive charts.
- Low account minimum and no trading fees
- Access to multiple cryptocurrency markets
- Immediate interest accruals
Transaction Fee: $0
Read the Voyager review.
Bonus: Download the app and trade $100 to get $25 of free Bitcoin. Use Code: 4B63F075F
Why buy Shiba Inu Coins?
Shiba Inu coins are pretty volatile, and there is a greater risk of losing all your investments. With that knowledge, the risk may also lead to higher returns. If you’re looking to diversify your investments and have set aside money to make bets in the crypto market, the current SHIB prices may be a good entry point.
Is my Shiba Inu Coins insured?
Cryptocurrencies are not legal tender and act more like a store of value. Shiba Inu coins are not insured. Additionally, the crypto exchanges do not insure your assets but make every attempt for heightened security in their platform.
How high will Shiba Inu Coin grow?
As of this writing, SHIB was trading at 0.00007175 after reaching its high of 0.00008845. No one can predict if SHIB will continue to increase in value or decrease. There is a significant risk the coin can become worthless. However, the #SHIBARMY is active in social media and forums. Perhaps, the community will continue to support the coin and foster its continued growth.
How to buy Shiba Inu Coin on Robinhood?
Can you buy Shiba Inu on Robinhood? No, Robinhood does not offer Shiba Inu coins for trading on its platform. However, the current situation may change. There is a petition signed by over 400,000 people to have SHIB listed by Robinhood.